NinjaTrader example workspaces to get you started

Included in the AT Framework Package are two NinjaTrader workspaces, one for a single Instrument and single monitor setup and one for multiple Instruments and a dual monitor setup. Both are day-trading setups using the AT Indicators supplied with the AT Framework Package.

Please note
These setups are just examples on how to work with the AT indicators.
It’s not a trading advise, not tested for profitability and not in any way meant to use in live trading!
You should always develop and test your own trading system before putting money at risk.
Once you have a solid trading system, you can use the AT indicators to provide you with high quality trade setup alerts.

Single Instrument / Single monitor setup

Example trade system setup single instrument

This workspace has all important views on a single monitor. The example shows the E-Mini (ES).

Long term overview

Since this is a day-trading example the phrase ‘long term overview’ means only a few days, mainly to check for important support and resistance.
So on the bottom we’ve put an hourly (H1 / M60) chart showing an overview of the global ES development over the last week. This chart is used for drawing global horizontal support and resistance lines, so they’re visible on the other charts as well.
There are no signal indicators on this H1 chart, since we’re not trading based on it.

However, as a handy shortcut we put an AT ChartMonitor on the chart with only the buttons to enable/disable Alerts and Emails for the Instrument as a whole, so we can control this globally with the click of a button. All other ChartMonitor settings are off; we only want the Alerts and Email buttons.

Short term overview

On the top-right there’s a 5 minute (M5) chart, which is the chart that defines our trading direction and main setups.
This chart has 5 indicators, of which 2 are standard NinjaTrader indicators:

  • PriorDayOHLC with auto scaling off (used for additional support/resistance)
  • CurrentDayOHL with auto scaling off
  • AT SMA 50 periods, with Indicator Group ‘M5’ and Indicator Name ‘M5 SMA50’ (without the quotes).
    We gave it an Indicator Weight = 2 since it defines our preferred trading direction
  • AT MACD default settings with ‘show bar colors’ checked, Indicator Group ‘M5’ and Indicator Name ‘M5 MACD’
  • AT RSI default settings, with Indicator Group ‘M5’ and Indicator Name ‘M5 RSI’

Trading chart

On the top-left there’s a 500 tick chart, which is the chart we use to enter and exit trades.
We want this chart to have bars of roughly 30 to 60 seconds.
This chart contains the AT ChartMonitor and also has 5 more indicators, of which 2 are standard NinjaTrader indicators:

  • PriorDayOHLC with auto scaling off (used for support/resistance)
  • CurrentDayOHL with auto scaling off
  • AT EMA 50 periods, with Indicator Group ‘Tick’ and Indicator Name ‘Tick EMA50’ (without the quotes)
  • AT EMA 21 periods, with Indicator Group ‘Tick’ and Indicator Name ‘Tick EMA21’
  • AT Stochastic default settings (including StochRSI histogram), with Indicator Group ‘Tick’ and Indicator Name ‘Tick Stoch’
  • AT ChartMonitor, with the following settings:
    • Indicator Location ‘ChartTrader’
    • Indicator Group ‘M5,Tick’ to combine the signals from the M5 and the Tick chart
    • Alert Threshold set to 75% (can be relatively low, because the M5 SMA50 has Weight 2 and therefore has big influence on the trade signals direction.
    • Both Alerts and Emails enabled (we can enable/disable them with the buttons on the H1 chart, remember?)
    • Indicator Signals option ‘Full’
    • All other options off

Of course it’s difficult to determine the right setting for the Tick chart, because that depends on the market and it changes up and down during the day.
During busy hours we should maybe increase the setting to 1000 – 2000 ticks, during slow hours we should maybe decrease it to 100 – 200 ticks.
The goal is to have a tick setting so that the bar time is approximately 30 – 60 seconds.
Of course you can also use a 1 Minute chart, but that gives you less information than a Tick chart.

TIP: use the AT BarTimer to get the correct Tick chart period setting. It syncs the Tick chart with the M5 chart on the click of a button

How to trade the setup

We wait for ChartMonitor signals and evaluate them when they occur.
Not every signal will be a tradable setup, and it’s your job to decide which ones to pick.
That depends on several factors:

  • Are there support / resistance area’s in the neigborhood, and does the trade have enough ‘room’ for a nice risk / reward?
  • What should be the logical stoploss, and does that fit within our risk comfort zone (is it not too far away)?
  • Is there a realistic target that gives us enough risk / reward (based on the stoploss at a ‘logical’ position)?
  • How large should our position size be and can we handle this?

Based on these considerations we decide whether or not to take the trade.
Don’t be greedy or hasty; there will always be another possible setup around the corner.
But don’t wait too long either; profitable setups can move very quickly!

Our AT TradeAssistant can help you with the above trading factors and considerations; it gives you instant feedback when you’re evaluating a setup.
By answering a lot of these questions instantly you’ll be able to decide much faster.

Multiple Instrument / Dual monitor setup

The multiple Instruments workspace uses the single Instrument setup on one monitor, and several M5 charts for other Instruments on the other monitor.

Example trade system setup multiple instruments

The M5 charts on the second monitor each have their own ChartMonitor to inform you about possible setups.
It utilizes the AT ChartMonitors Publish/Subscribe feature to instantly change the first monitors charts to an Instrument on the second monitor whenever you want to inspect a trade signal, just by clicking a button.
This is how the second monitor looks like:

Example trade system setup second screen

Indicator changes

In the ChartMonitor on the H1 chart we changed:

  • The buttons to enable/disable Alerts and Emails to Global, so we can control this for all Instruments at once
  • The Publish/Subscribe setting is set to ‘SubcribeSymbol’ so the Instrument will change when we click a Publish (Chart) button on a chart on the second monitor

In the Tick chart we changed:

  • The Publish/Subscribe setting is set to ‘SubcribeSymbol’ so the Instrument will change when we click on a Publish (Chart) button on a chart on the second monitor
  • The Alerts and Emails checkboxes have been disabled (we will get the alerts and emails from the ChartMonitors on the M5 charts on the second monitor, and we can enable/disable them there)

And the M5 charts on the second monitor have their indicators set almost the same as the M5 chart on the first monitor, as follows:

  • PriorDayOHLC with auto scaling off (used for support/resistance)
  • CurrentDayOHL with auto scaling off
  • AT SMA 50 periods, with Indicator Group ‘Overview’ and Indicator Name ‘SMA50’.
    The name needs to be unique, so we got rid of the M5 in the Indicator Name.
    We gave it an Indicator Weight = 2 since it defines our preferred trading direction
  • AT MACD default settings with ‘show bar colors’ checked, Indicator Group ‘Overview’ and Indicator Name ‘MACD’
  • AT RSI default settings, with Indicator Group ‘Overview’ and Indicator Name ‘RSI’
  • We added an AT ChartMonitor, with the following settings:
    • Indicator Location ‘TopLeft’
    • Indicator Group ‘Overview’ to show the signals from this chart only
    • Alert Threshold set to 75%
    • Indicator Signals option ‘Full’
    • Publish/Subscribe setting is set to ‘Publish’ so we get a ‘Chart’ button with which we can change the Trade charts on the first monitor
    • The buttons to enable/disable Alerts and Emails are set for the Instrument
    • Both Alerts and Emails enabled (we can enable/disable them with the buttons on this chart)
    • All other options off

To produce more precise signals for the Instruments on the second monitor you could also add an extra Tick (or M1) chart per Instrument, so that you get exactly the same signals from the charts on the second monitor as in the single Instrument example.
Since you don’t use this monitor for actual trading, it doesn’t matter that this one becomes a bit more cluttered. The ChartMonitors on the M5 charts on the second monitor will inform you about possible setups.

Trading style

Whether such a setup works for you or not depends heavily on your trading style.
Of course you can add as many M5 charts on the second monitor as needed, if you want to follow more Instruments. However, for very short term day trading (scalping) it’s not a good idea to wait for signals on a lot of Instruments; scalping isn’t something that gives you enough time to do that.
But for longer day trading or swing trading this way of monitoring multiple Instruments works fine, and can help you find an Instrument with the best tradable characteristics.

If you’ve read the items in The Framework menu, you’ve got the basics.
We’re proud to present some very special indicators in the Featured menu; read on…