Before You Automate Anything on NinjaTrader 8, You Need a Strategy
Most traders arrive at automation from the wrong direction. They see a tool that places orders on its own and think the tool is the answer. Then they connect it to whatever indicator is on the chart that week, and they get the same results they were getting before, only faster. Automation is an execution layer. It does exactly what you tell it to do, at the moment you told it to, without hesitating. That is enormously valuable — but only if what you told it to do was worth doing. A machine executing an undefined idea is not a system. It is a faster way of finding out that the idea was undefined. So before you automate a trading strategy on NinjaTrader 8 , the work is upstream. Here is what that work actually looks like. An indicator is not a strategy This is the distinction that costs people the most money, and it hides behind familiar words. An indicator is a measurement. A moving average measures the average price over a window. An RSI measures the relationship between recent g...