Nexgen Indicator & Ninja Trader Basics Guide. 1. Nexgen Educational Online Chat Room Access A. Disclaimer...(Pg.2-3) B. Accessing Nexgen's online chat room...(pg.4) 2. Ninja Trader Charting, Data and Execution Platform A. Opening Ninja Trader Platform.. (Pg.5) B. Opening a Ninja Workspace...... (Pg.6) C. Closing a Ninja Workspace..... (Pg.7) D. Moving and Scaling your Charts......(Pg.8) E. Adding Chart Trader to Place Trades....(Pg.9) F. Adding Automated Stops and Targets.... (Pg.9-10) G. Applying pre-made Templates to Chart.... (Pg.11) H. Turn on Trade Entries Exits on Chart.... (Pg.12) I. Adding or Building a New Chart... (Pg.13) J. Adding "right margin" space to Chart... (Pg.14) K. Adding New Symbol, Rolling Contracts... (Pg.15-16) L. Ninja Data Trouble Shooting... (Pg. 17-19) 3. Nexgen Indicator Descriptions A. Fibonacci Support and Resistance...... (Pg.20) B. Trigger Lines Indicator...... (Pg.21) C. Synthetic Trigger Lines....... (Pg.22) D. Nexgen Dynamic Renko Bar... (Pg.23) E. Changing Size of Nexgen Dynamic Renko... (Pg.24) F. Trend Bands -Moving Average Use... (Pg.25) G. Fib2Fib Oscillator... (Pg.26-30) H. T3 Market Flow Indicator... (Pg. 31-34) I. T3 Market Flow Strategy quick start..(pg.35-44) 1
Please read and understand the following disclaimers before proceeding: Futures, FX and SECURITIES and or options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. In no event should the content of Nexgen Software Services Website or Software be construed as an express of an implied promise, guarantee or implication by Nexgen Software Services that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website, publication and or software program is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. No information accessed through this program (s) constitutes a recommendation by Nexgen Software Services to buy, sell or hold any security, financial product or instrument discussed therein. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by Nexgen Software Services. Nexgen Software Services does not offer or provide any investment advice or opinion regarding the nature, potential, value, suitability, or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. In using the T3 ProTrader and associated software you will also need access to several other programs such as, Ninja Trader, Data providers, Internet Connections, and any other program deemed necessary for its use. By using the T-3 Fibs ProTrader and associated software you agree to hold harmless Nexgen Software Services and any of its agents for any failures caused by third party programs. The CFTC requires the following disclosure statement in reference to hypothetical results. Please read and acknowledge this risk disclosure to proceeding. The risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market. THE PERFORMANCE TABLES AND RESULTS OF THE TRADING SYSTEMS PRESENTED ARE HYPOTHETICAL IN NATURE AND DOES NOT REPRESENT ACTUAL TRADING RESULTS. Required Warning! Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN 2
HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. 3
Nexgen's Live Training Online Class Click Meeting Nexgen Software Services run the best online chat room in the industry to teach traders how to read the software and execute live trades from 9 am ET - 12 Noon ET. This room is designed so you are able to ask questions and post your own charts and trades for feedback. This room will show live trades from time to time but more importantly break down the interpretation of the software from a rules based perspective. Join the room from the education page on our site. http://nexgent3.com/education/ START SIMULATION in class and post your trades for review. It is vital that you not only recognize trades before they happen, you must now hone your skills as a trader by actually trading. You must prove your understanding of the plan by making simulated trades that are highly profitable. Only when you are completely comfortable pushing the button live, fine tuning your own version of the plan, will you be able to make real money trades. 1. Set up profit targets and stop losses in the Ninja Trader simulator 2. Place the trades according to the rules in the plan. 3. Annotate your charts with reasons for entry and exit. example1 example2 (Video example) 4. Share your trades with the educator and or sales associate for review in class using JING to take pictures and ScreenCast.com to broadcast them. (Watch Video) 4
What is the proper way to OPEN NINJA TRADER? Find the Ninja Trader Icon on your desktop and double click on it. How do I close Ninja Trader down after I am done trading for the day? From the Control Center click FILE > EXIT - please remember to save your workspace when you close. 5
Open a workspace. If you open your ninja and you do not have any charts, you may need to open a workspace with charts or you can rebuild them if you deleted them on accident or download from Nexgen's site. To OPEN WORKSPACE : click FILE > WORKSPACES > OPEN WORKSPACE and select your workspace. If you have deleted your charts on accident, you may download them from the resources page on Nexgen Software's website. http://www.nexgent3.com/index.php?mod=resources To rebuild your charts please refer to the section : How do I add a chart to an existing workspace? 6
What is the proper procedure for closing one workspace if I have more than one open? In the Control Center, go to File>Workspace>Close Workspace>Yes to All when asked to save it. Why can t I close my workspace? Ninja says that it cannot close the last open workspace. Ninja Trader requires that all at least one workspace remain opened when the platform is shut down. Click File > Exit to close this last workspace if you only have one open. 7
How do I move and scale my charts so I can see the data clearly? using your mouse in the right data or bottom time axis you may move your price bars closer together or farther apart. Use the CONTROL + MOUSE in the price axis to move charts up and down manually. the Play Button will return your charts to the right edge and current price, the "f" will focus your charts to the current data and price scale. There is no way to currently " auto center " the price data in Ninja. 8
How do I add the Chart Trader to a newly created chart or my existing charts so I can place trades? Above the chart, there are several small button icons. The 5 th icon from the right is for the Chart Trader. Click the icon to activate and deactivate the Ninja Trader chart trader. How do I set up my Stops and Profit Targets so they will be active when I place a trade? From your chart trader select the 3 dots icon below the Qty of contracts to trade. 9
Set up your stop and target levels then right click to save your ATM with your desired name. then use the Drop Down Menu on your chart trader to select which ATM you wish to use. 10
How do I apply a premade template to a chart? Using one of Nexgen's Pre-made or one of your own templates that have been saved to Documents>Ninja Trader 7>Templates>Chart, then you can right click on your chart and select Templates, then Load, then select the template that you wish to apply to the chart. 11
How do I set Ninja Trader to show on the chart the trades that I have taken? Right click on the chart and select Data Series. Scroll to the very bottom of the listing and find Plot Executions. You can choose between Do Not Plot, Markers Only, and TextAndMarker. 12
How do I add a chart to an existing workspace? In the Control Center, go to File>New>Chart. Select your instrument from the default instrument list and press New. Next, you will set your chart parameters on the right. Under the Period category, set the Type to Nexgen Dynamic Renko and set the Body Size and New Bar inputs to your desired settings. Under the Data category, set your Days to load input to a value between 10-30. Set your session template to Default 24/7 ( should be by default with instrument settings listed). Lastly, select the chart template that you wish to apply by selecting it from the drop down menu listed below the chart parameters. Load the following Chart Template 13
My charts are too close to the Price Axis. How can I set Ninja Trader to allow more room between the price action and the price axis? Right click on the chart and select Properties. Under, Window increase the value of the Right Side Margin Most clients find a value between 50 80 to be optimal. 14
Adding a new symbol that is not currently listed- Also rolling over futures contracts From the control center CLICK > Tools Instrument > Manager from this menu type in the name of the symbol and search, you can use the description if you do not know the name of the symbol. Then highlight the symbol and use left arrow to move it to your list. 15
I have created a new chart and applied the indicators, but I am seeing no fib levels. Right mouse click on your charts, go to DATA SERIES. Make sure that your days to load input is set to at least 10 days for smaller timeframes, 30 days for midrange timeframes and 90 for higher timeframes. 16
Ninja Crashes every time I try to open it. This is usually from a corrupted workspace that causes Ninja Trader to crash when I launch the platform. You will need to keep this workspace from automatically launching when Ninja Trader is launched. To do this: Upon launching Ninja Trader, the platform opens all workspaces that were left open when it was last shut down. If you need to stop a workspace from automatically launching, go to Documents>Ninja Trader 7>Workspaces and delete the _Workspaces.xml file there. This will result in Ninja Trader launching only a single untitled workspace the next time that it is launched. Ninja did not automatically connect to the data when I launched the platform. It is likely that your free trial to the data has expired. You can sign up for a new Username and Password for your trial here : http://www.ninjatraderbrokerage.com/landing/partner_demo.htm I receive the following message when I try to connect to my data manually. LOGIN FAILED; UNSPECIFIED LOGIN ERROR It is likely that your free trial to the data has expired. You can sign up for a new Username and Password for your trial here : http://www.ninjatraderbrokerage.com/landing/partner_demo.htm Will the Nexgen software plot in the 64-bit version of Ninja Trader 7? Not at this time but we are making plans to release a 64-bit version later in 2015. 17
I am connected to the data in the Ninja Control Center, however, my data is not moving. First, you will want to make sure that the chart that you are viewing is set to pull data for the correct and current instrument and that instrument is not expired. You can check to see which instrument is loaded to the chart by looking in the top left corner. Once you have verified that the correct instrument is in place, then you may wish to repair the database and reset the instruments within Ninja. To do this, disconnect from the data and go to Tools>Options>Data>Reset DB>Repair DB>Reset Instruments>Close and Reopen Ninja. 18
I have upgraded the hardware in my computer and now my Nexgen software will not plot. When certain pieces of hardware in the computer are changed, the authentication server will not recognize the computer. To protect itself, the software will not be granted authentication to plot. In order to get the software running again, the Nexgen DLL will need to be refreshed. You may do this yourself with your " PERSONAL NAME machine 1 T3setup.exe " file by double clicking on it with Ninja Trader closed. Or if you still have trouble please contact Tech Support and we will get your software up and running for you again. I will be travelling and would like to install software to my laptop. Depending how many machine licenses you have purchased you may load this computer with your software. If you wish to add a new license you may purchase that at any time by visiting the website. Where can I find the latest updates to the Nexgen Software. All software updates are posted to the Resources page of the Nexgen website. http://www.nexgent3.com/index.php?mod=resources FOR BEST RESULTS PLEASE FOLLOW THESE COMPUTER RECOMMENDATIONS Fastest Available processor Intel Chip recommended @ 3.0 GHz or Higher Minimum 4 gigabytes of Memory or more recommended Hard Drive- most new available HD's are fine Min 100 gig +, Solid State Drive is faster for sure! Dual Video Card - that will run two monitors. Not needed but very highly recommended. Monitors- 2 or more recommended Operating System- Windows 7 or later. Internet- FASTEST available. 19
INDICATOR DESCRIPTION SECTION Fibonacci Support and Resistance that is a combination of 10 timeframes of 4 different types of Fibonacci Projections and Retracements. For YouTube video description please visit our site 20
T3 Trigger Lines - Small triggers is what we call them and they are moving averages generated using a linear regression calculations. Nexgen's setups are timed by a close of a bar above or below the small trigger lines. 21
T-3 Synthetic Trigger Lines This indicator is the " SAME " as our T3 Trigger Lines, the difference in this indicator is that it has the ability to plot a " higher timeframe" or " larger chart's" small trigger lines ( left chart ) super imposed on a smaller timeframe chart ( right chart below ). Nexgen uses this indicator for TREND recognition and for many of its trading setups. The values of the indicator are identical on both charts. 22
Nexgen Dynamic Renko Bar Type - this custom bar type allows us to choose any size chart we wish to display and to be able to alter the OPEN and REVERSAL size of the bar to " smooth " price data 23
To Change Bar Size - You may wish to change the bar size. To do this click the data series icon, or right mouse click on your chart and select data series. Note: the larger the bar size ( typically best practice is a 3-1, 4-1 or 5-1 Ratio ) for example 5-1, 10-2, 20-4 or 12-3, 24-6 ratios are commonly used. 24
Trend Bands and Moving Average Use Nexgen will use a 55 period moving average or 165 period moving average for support and resistance, these areas will be used in " Trend Trades " The upper and lower bands are deviations of the 55 period moving average and can be support or resistance. 25
T-3 Fib2Fib Oscillator This proprietary oscillator will help to define trend,, define divergences as well as generate buy and sell areas for trade setups. 26
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T-3 Market Flow Indicator The Market Flow indicator will plot several key indications on the bar. ( see trading plan for more detail) 1. Green dots when buyers are in control at a particular price, Magenta dots when sellers are in control at a particular price 2. Bars for potential volume reversal white paint bars. 3. highest volume in any given bar - HVA ( high volume area) 31
When the HVA is not at the top or bottom of a bar, it will generally be the entry, When HVA is at Fibonacci areas and HVA's turn higher, the Fibonacci areas will generally hold when the area for entering. 32
The market flow indicator will also plot what we will refer to has stranded buyers or stranded sellers. This occurs when there is a volume disparity at the high or low of a bar which is represented by a green or magenta dot and a reversal on that bar from the area you wish to trade. 33
The market flow will also generate VOLUME REVERSALS which occurs when there is a white volume paint bar down (magenta dots) or white volume paint bar up (green dots) and the next bar is a reversal the opposite way. This is denoted by an arrow and can be very handy when looking to enter a trade at the area for long or shorts. 34
T-3 Market Flow Indicator and Strategy Automation Nexgen s T3 Market Flow indicator is designed to give a trader insight into the markets participants and highlight areas of higher buying or selling pressure. *Monthly Subscription Required to activate strategy and T3 Market Flow- Click here to sign up 35
T-3 Market Flow Strategy Inputs 36
Insert the Market Flow Strategy You must first disable your discretionary trader by clicking the icon on the top toolbar. Then if you have the indicator version of T3 Market Flow running, remove it from the chart. The strategy will plot it for you. Then right click on your chart and select strategies and select T3 Market Flow Strategy. 37
Enable a trade signal direction: You will need to enable the long or the short signals at the top in order for the system to generate a signal. It is VERY IMPORTANT that you only enable the strategy when the market has given you a reasonable probability that your trade will win. Please refer to the trading plan for these areas as well as proper Fibonacci and Trigger Line reading videos on the educational page. If you use the market flow strategy without the proper Fibonacci areas and direction you will not yield positive results. This is a tool to assist you with entries. You should manually/discretionarily enter your positions at the best spots per the trading plan when appropriate. Then if needed, use the market flow entry strategies. 38
T-3 Market Flow Strategy is not designed to be a standalone system. Again we will make this warning so we are 100% clear on this concept that you will only enable the strategy when the market has given you a reasonable probability that your trade will win. On the following example: the Crude Oil 14-2 chart gives us a high probability of the market continuing down. We have the SHORTS ONLY active(on). Longs are OFF. Once the market flow generates a white paint bar a sell limit is activated at the HVA line. 39
Once an order has been filled. The stops and targets you selected in the settings will automatically be activated. You may move these stops and targets as you do in Ninja trader now by clicking on the line ( OR THE BOX with price in it) and move the orders as your indicators dictate. Once you move a stop or target you will see historical price plots for these orders. Allowing you to review and work to improve your performance while studying your plan. 40
If your High Volume Area is at the low of a bar and your limit order offset is lower than the HVA the system will get you in immediately. Once in a position you may move your stops and targets to the Fibonacci Levels. The goal of our trading is to get in at the best discretionary spot. If you missed this discretionary entry, having the long signals enabled will give you a second chance opportunity to pick up the trade. In this case we still expect more up so we will leave the long signals enabled in the strategy. 41
If you wish to place a manual order you may do so by RIGHT mouse clicking on the screen and placing a limit order or use the Go Long/Short buttons for market orders. Since you will run the strategy on a Range Bar ( set # of ticks in the bar) you will be able to get in at the market quickly by making your entry offset # of ticks a larger number. 42
Should you wish to make changes to the strategy inputs while the strategy is running you must first disable the strategy by making ENABLED = FALSE. Make your changes then reenable the strategy. END OF DOCUMENT. 43