AutoTrader Operation
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NinjaTrader
Kinetick
Terms of Use

AutoTrader Operation

Close Position

  1. Close Position and turn Auto to OFF

Auto Is On

  1. If Auto is On the trading control is of the strategy, otherwise is up to you.

Enter Long

  1. Enter Long if Flat. AUTO TURNS TO OFF AND ChartStops TURNS TO UNCHECKED to avoid immediately Stop.

Enter Short

  1. Enter Short if Flat. AUTO TURNS TO OFF AND ChartStops TURNS TO UNCHECKED to avoid immediately Stop.

PnL (0)

$0.00

  1. Current Position PnL in Ticks/$.

Flat (0/0)

$0.00

  1. Current Position (PositionQty/EntryQty) AveragePrice.

Mngmt PnL(0)

$0.00

Up

Down

  1. Recommended to start it unchecked with no more than 10 ticks. Once in Position, you can Checked it and use Up and Down buttons to manage your Stop.
  2. Once position is closed and you have changed it to Checked, do not forget to turn it to Unchecked again, to avoid immediately Stop on next trade.

Risk Stop (0)

$0.00

$0.00

  1. If checked closes the position when loss reaches the number of ticks.

Target (0/0)

$0.00

  1. If checked it closes the position when gain reaches the number of ticks.
  2. (Trick) If unchecked and target is already reached, you can use it to close the position with no changes on 'Auto is ON/OFF'.

Chart Stop (0)

$0.00

  1. If checked the stop (Loss or Gain) is triggered by the strategy according to Market´s Forces.

CPnL (0/0)

$0.00

  1. Cumulative PnL since start of trading. If you disable/enable the strategy, it restarts from 0.

Parameter

Description

JFTSAccountMngmt

Account Risk Model Percent

Percent of Cash Value in Risk such as 0.5%, 1%, etc.

Account Risk Starts

Account Risk Stop Starts Checked(true) or Unchecked(false). You can change it at any time. Recommended to always starts checked.

Use This Cash Value

Cash Value. Use 0 to use the value from current Account Value, otherwise just input the desired value.

Entry Qty

User defined order size.

JFTSMain - Parameters that could be Optimized.

PBQtyForRange.

Market is on sideway. Usually from 4 to 6.

Rate1PullBack

PullBack Rate Intensity. Usually from 1 to 3.

Rate1Spike.

Spike Rate Intensity. Usually from 1 to 3.

JFTSRunPattern - Parameters that could be Optimized.

Run Pattern

Filtering Patterns such as Pattern0, Pattern1, etc.

JFTSStopTarget - Parameters that could be Optimized.

Chart Stop Starts

Control of position according to Market´s Forces starts checked (true) or unchecked (false). You can change it at any time, during a trade or not.

MngmtPnL

Manageable Stop in Ticks/$ based on manual input. If unchecked it is ignored. Useful when things are going fine with a very well defined trend.

Mngmt PnL Starts

Manageable Stop Starts Checked (true) or Unchecked (false). You can change it at any time.

Target

Target in ticks.

Target Starts

Target starts checked (true) or unchecked (false). You can change it at any time, during a trade or not.

JFTSTimeControl

Run Historical

Usefull to minimize CPU and Pollution of Chart for live trading. Leave it as false for live trading, true for backtest and optimizations.

Local Time, StartTrading

Local Time to start trading. To trade for 24h, set Start Trading = 000000 and Flat Position = 000000.

Local Time, FlatPosition

Local Time to Flat position and Stop Trading. To trade for 24h, set Start Trading = 000000 and Flat Position = 000000.

Please Be Aware:

  1. If AUTO is OFF all functionalities are up to you, but Chart Stop, MngmtStop, RiskStop and Target will be executed, if they are checked.
  2. If you enter or close position via button 'Close Position' , AUTO TURNS TO OFF automatically.
  3. If checked, Chart Stop can close position with Gain or Loss, according to Market´s Forces.
  4. Buttons Enter Long/Enter Short will be executed only if your are flat.
  5. Be aware that JFTSAutoTrader set 'Exit on Close = false' internally, Position will be Closed based on parameter 'Local Time, FlatPosition'.
  6. Take care: If you are not flat and 'Auto is OFF', and you turn the strategy to 'Auto is ON', the Chart Stop, MngmtStop, RiskStop and Target could be executed immediately, if they are checked.

JFTS AutoTrader is a nice tool for auto and discretionary trading

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.