Chapter 5: Best Practices
Jan 10, 2025
Our product provides advanced quantitative features, infrastructure, and automation capabilities, while you retain full control over your trading decisions.
Setting can be optimized regularly to keep up with the current market conditions. Monitoring the strategy is recommended in case unexpected situations arise.
Consistency: The strategy adheres to predefined rules, maintaining discipline and avoiding emotional decision-making.
Scalability: Its algorithmic nature allows it to scale across multiple accounts or markets simultaneously.
Backtesting: The strategy can be backtested on historical data to validate performance to refine and improve the strategy.
Automation: Automating trades allows us to execute strategies quickly and precisely, minimizing human error, and reducing the time spent manually analyzing markets or placing trades.
Practices
Incremental Testing: You don’t have to enable every filter at once. Build up a layered approach gradually.
Incremental Scaliing: Monitor net profit, drawdown, profit factor, and average trade size first. Once you achieve consistent profitability, you can contact us to scale your system.
Regular Updates: Market conditions change. A strategy that excels in trending markets might underperform in sideways markets. Optimize your settings accordingly.
Risk Control: Ensure your stop-loss, trailing stop, or daily limit settings align with your account size and risk tolerance.
Stay Informed: If you use the News Filter, confirm that the data feed is working. We use ForexFactory.com as the primary data source.
Indicator Add-ons: If you use the Order Flow filter, ensure that your NinjaTrader subscription includes the Order Flow Add-on and that you're running it on volumetric bars.