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Hello and thank everyone for responding trying to help me out. I know my questions seems simple to most people. but not for me. Let me explain a bit more what I am trying to understand regarding back testing with OHLC. I just want to fully grasp the how my back testing software works and...

Thanks Turveyd for response, Why do I need to look at the previous 3 OHLC data bars? And what do you mean by cheating? Thanks,

Thanks all for the reply, I called NinjaTrader and they helped me understand the confusion I was having. OHCL data is good enough for what I need to do. Thanks for help

Thanks for response, Yes, I'm referring to back testing futures on NinjaTrader. I will have to read your post several times and reply. I am not sure I understand what you mean I'm still learning phase of programming and strategies development. Can you respond a bit more simple language...

Thank you mibmike, I don't understand. Please give example.

Thanks stepandfetchit for response, I honestly do not know if it would be accurate or not, this is what I am trying to understand so I can learn. I am reading the help files in the platform and it states back testing only provides 4 data points Open High Close and Low. Maybe I give an...

Hello, I recently discovered my back testing software NinjaTrader only provides OHLC data for the bars in back test. I need to back test some 3 min bars strategies where my entry/stop loss / profit targets are calculated and may not be one of the four OHLC prices during the back test. If I...

Hello Turveyd, I am back testing with Ninja Trader using the OHLC data. My first time back testing and confused why they no have the tick data. I believe this will cause inaccurate back testing results. Thanks

Thank you

Hello, I recently down loaded Ninja Trader 7 demo with the intent of learning to properly develop, program, back test, analyze strategy performance, use market replay to compare back test accuracy, and set strategy on auto for sim trading before live trading. I have a few questions for you...

I am sorry for your loss Make Dough Repeat, This is horrible. Can't trust nothing out here in the trading world I see. Its best to just go with NinjaTrader or another well known establish broker. The scam broker target newbies with little capital and little knowledge. That is very sad, give...

md2324, I kind of do the same as well. I like to place stop at a distance below (if long position) support, but not too close to support. For instance, before taking a trade i like to measure the risk vs reward. I use the same stop amount for each trade for simplicity.

Newc2, I trade breakouts as well, and one of my struggles is re-entry after a stop out (fail breakout). What is your criteria or recommendation on re-entry of failed breakout? I have been testing some retrace distance before price trys to break out again. For example, if stop out, then don't...

Overnight, I have a friend who honestly don't see the reason in keeping a journal of his trades. He says "man, all i care about is rather or not I make money or not for the day, what's the purpose of keeping track of trades, when the P/L never lies" Since, I don't make any money in trading, he...

Oh yesss, this is true, buying on retrace or down candle, you may miss some good moves. Yes, i have experienced this. So its a catch 22, waiting for that retrace you may miss it.

Hello, I think this is bit of a personal decision initially in your trading strategy. I perfer entering on a "down candle" or retrace so my stop loss does not have to be very big if entering on the "up candle" or momentum. My rationale is that I hope the entering on the retrace the trend of...

Hello, I like to keep things simple. I have only worked with one trading strategy over 2 years. When I was deciding the stop loss to use, I ask myself "how much money am I willing to lose per trade, in case the trade goes against me" For example, I started trading the ES, and I said "For...

Hello, Maximum Favorable Excursion (MFE)– is a maximal unrealized profit while your trade is open. Maximum Adverse Excursion (MAE)– is a maximal unrealized loss while your trade is open. For every trade you take its logical to record the MFE and MAE. NinjaTrader does this for every trade you...

Thanks Pakelo, Why would a person selling a trading system to the public not show broker statement if asked by a potential buyer?

Thanks speedo, Yes, i am very patient and developing and testing my own strategies. I just always wondered that question I posted as I have bought many trading system online and never verified anything. Just traded live. lol. Then once I lose money, i just stop trading it. That was the past...