TMOneBarer Strategy

OneBarer™ Strategy and Utility

You can check any NinjaTrader indicator (this use PVIndicatorI) value against any value and find some nice probabilistic or any other relations with Strategy Analyzer. Although this is named OneBarer, you can set bars to unlimited or any predefined count. This can be used as a simple strategy and you can check some nice targets/stop loss values as well with it.
Remember the CrossSignals Strategy as with that you can check all possible cross situations.

Parameters (Default): 

• AA_description (""): Free text to add your notes and so on
• G 1. Start Time (0): Time in format like 930 ,Set 0 to no effect 
• G 2. Last Entry Time (0): No more trades after this, format like 1530. Set 0 to no effect
• G 2. Exit Time (0): No more trades after this, format like 1600. Set 0 to no effect
• G. Debug (True): Show some extra at chart (like indicator or..)
• G. Reverse (False): turn signals vice verse long -> short, short -> long
• G. TakeLongs (True): Self expl.
• G. TakeShorts (True): Self expl.
• P 0. BarsToKeep (1): Max bars to keep the position. Set 0 to no limit. 1= One bar, 2= 2 bar and so on..
• P 1.1 LongInd (76): Indicator to use calculations, See PVIndicatorI, 76 = RSI
• P 1.2 ShortInd (76): Indicator to use calculations, See PVIndicatorI, 76 = RSI
• P 2.1 LongPeriod (0): Period to use with long indicator, 0 to use Default values
• P 2.2 ShortPeriod (0): Period to use with short indicator, 0 to use Default values
• P 3.1 LongValue (30): Value to test against long indicator
• P 3.2 ShortValue (70): Value to test against short indicator
• P 4.1 LongDir (False): True operand: >, False use operand <  between indicator and value. So False means with default settings: RSI < 30 -> Take Long
• P 4.2 ShortDir (True): True operand: >, False use operand <  between indicator and value. So True means with default settings: RSI > 70 -> Take Short
• T 10 - T 43. Self expl.

Example:

Traditional momentum indicators with default values checked, traditional way:

And sort of reverse so it seems that currently momentum indicators are better to use vice verse used to traditionally... so buy more when over bought!  (LongDir & ShortDir changed).

Other:

TMOneBarerDynamic is available to add any number of indicators, so list of indicators and values can be entered. That can be used as a totally ready strategy as well.  F.ex. set some momentum indicator and ADX, this is the very basic one.
Warning: Easy to over optimize and curve fit, use step forward to verify your results.

Other example, which is taken from http://traderkingdom.com/research-and-methodologies-archived-webinars/4723-three-essential-journeys-of-trading-e-mini-futures 
so this is not limited to "levels" as in that example it takes a position after five down or up bars to the direction of 60 min chart ES.
Use settings:
P 1.1 LongInd: 6  (=nBarsUp)
P 1.2 ShortInd: 5 (=nBarsDown)
P 2.1 LongPeriod: 5
P 2.2 ShortPeriod: 5
P 3.1 LongValue: 0.9 (or actually anything between 0 - 1, as value is either 0 (false) or 1 (true))
P 3.2 ShortValue: 0.9
P 4.1 LongDir: True
P 4.2 ShortDir: True
T 10. Target: 20
T 20. StopLoss: 20

Run with this or any other values .. or use startegy analyzer to find out better levels like higher target (try 50).

Picture of that example (no use but it is interesting,  ExitOnClose: False):

Please ask if you need any modification to this or any other strategy.

Download: TMOneBarer_NT7.zip

Updated 20160118

Purchase Strategy Model

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could  potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 

Hypothetical Performance Disclosure: 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 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 of 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 which can adversely affect trading results.
Terms of Usage