nexgen indicator & ninja trader basics guide. user guide.pdf ·  · 2018-01-015 what is the...

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1 Nexgen Indicator & Ninja Trader Basics Guide. 1. Nexgen Educational Online Chat Room Access A. Disclaimer……………………………......................................(Pg.2-3) B. Accessing Nexgen's online chat room ........................(Pg.4) 2. Ninja Trader Charting, Data and Execution Platform A. Opening Ninja Trader Platform ………………………….…. (Pg.5) B. Opening a Ninja Workspace……………………….......…... (Pg.6) C. Closing a Ninja Workspace ............................... …..… (Pg.7) D. Moving and Scaling your Charts ........ ……………..…….(Pg.8) E. Adding Chart Trader to Place Trades .……………..…….(Pg.9) F. Adding Automated Stops and Targets …………..….. (Pg.9-10) G. Applying pre-made Templates to Chart ……..…….. (Pg.11) H. Turn on Trade Entries Exits on Chart ……………..….. (Pg.12) I. Adding or Building a New Chart .............................. (Pg.13) J. Adding "right margin" space to Chart .................... (Pg.14) K. Adding New Symbol , Rolling Contracts ................. (Pg.15-16) L. Cleaning Data Ninja7 Data Trouble Shooting .......... (Pg. 17-19) 3. Nexgen Indicator Descriptions A. Fibonacci Support and Resistance ........…………....… (Pg.19) B. Synthetic Fibonacci Areas …………………………………….(Pg.20) C. Trigger Lines Indicator ................……………………..…. (Pg.21) D. Synthetic Trigger Lines ................………………...….… (Pg.22) E. Nexgen Dynamic Renko Bar …………………………...... (Pg.23) F. Changing Size of Nexgen Dynamic Renko ............. (Pg.24) G. Trend Bands -Moving Average Use ........................ (Pg.25) H. Fib2Fib Oscillator .................................................... (Pg.26-29) I. T3 Divergence Potential ……………………………………….(Pg.30)

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Page 1: Nexgen Indicator & Ninja Trader Basics Guide. User Guide.pdf ·  · 2018-01-015 What is the proper way to OPEN NINJA TRADER ? Find the Ninja Trader Icon on your desktop and double

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Nexgen Indicator & Ninja Trader Basics Guide.

1. Nexgen Educational Online Chat Room Access A. Disclaimer……………………………......................................(Pg.2-3) B. Accessing Nexgen's online chat room ........................(Pg.4)

2. Ninja Trader Charting, Data and Execution Platform

A. Opening Ninja Trader Platform ………………………….…. (Pg.5) B. Opening a Ninja Workspace……………………….......…... (Pg.6) C. Closing a Ninja Workspace ...............................…..… (Pg.7) D. Moving and Scaling your Charts ........ ……………..…….(Pg.8) E. Adding Chart Trader to Place Trades .……………..…….(Pg.9) F. Adding Automated Stops and Targets …………..….. (Pg.9-10) G. Applying pre-made Templates to Chart ……..…….. (Pg.11) H. Turn on Trade Entries Exits on Chart ……………..….. (Pg.12) I. Adding or Building a New Chart .............................. (Pg.13) J. Adding "right margin" space to Chart .................... (Pg.14) K. Adding New Symbol , Rolling Contracts ................. (Pg.15-16) L. Cleaning Data Ninja7 Data Trouble Shooting .......... (Pg. 17-19)

3. Nexgen Indicator Descriptions A. Fibonacci Support and Resistance ........…………....… (Pg.19) B. Synthetic Fibonacci Areas …………………………………….(Pg.20) C. Trigger Lines Indicator ................……………………..…. (Pg.21) D. Synthetic Trigger Lines ................………………...….… (Pg.22) E. Nexgen Dynamic Renko Bar …………………………...... (Pg.23) F. Changing Size of Nexgen Dynamic Renko ............. (Pg.24) G. Trend Bands -Moving Average Use ........................ (Pg.25) H. Fib2Fib Oscillator .................................................... (Pg.26-29) I. T3 Divergence Potential ……………………………………….(Pg.30)

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Please read and understand the following disclaimers before proceeding:

Futures, FX and SECURITIES and or options trading involve substantial risk. The valuation of futures and options

may fluctuate, and as a result, clients may lose more than their original investment. In no event should the

content of Nexgen Software Services Website or Software be construed as an express of an implied promise,

guarantee or implication by Nexgen Software Services that you will profit or that losses can or will be limited in

any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided

on this website, publication and or software program is intended solely for informative purposes and is obtained

from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied

or possible where projections of future conditions are attempted.

No information accessed through this program (s) constitutes a recommendation by Nexgen Software Services

to buy, sell or hold any security, financial product or instrument discussed therein. This information neither is,

nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by Nexgen Software

Services. Nexgen Software Services does not offer or provide any investment advice or opinion regarding the

nature, potential, value, suitability, or profitability of any particular investment or investment strategy, and you

shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your

evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

In using the T3 ProTrader and associated software you will also need access to several other programs such as,

Ninja Trader , Data providers, Internet Connections, and any other program deemed necessary for its use. By

using the T-3 Fibs ProTrader and associated software you agree to hold harmless Nexgen Software Services and

any of its agents for any failures caused by third party programs.

The CFTC requires the following disclosure statement in reference to hypothetical results.

Please read and acknowledge this risk disclosure to proceeding. The risk of loss in trading commodity futures

contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in

light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds

that you deposit with your broker to establish or maintain a position in the commodity futures market.

THE PERFORMANCE TABLES AND RESULTS OF THE TRADING SYSTEMS PRESENTED ARE HYPOTHETICAL IN

NATURE AND DOES NOT REPRESENT ACTUAL TRADING RESULTS.

Required Warning!

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance

record, simulated results do not represent actual trading. Also, since the trades have not actually been

executed, the results may have under- or over-compensated for the impact, if any, of certain market factors,

such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are

designed with the benefit of hindsight. No representation is being made that any account will or is likely to

achieve profits or losses similar to those shown.

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

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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 IN

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 OF WHICH CAN ADVERSELY AFFECT

ACTUAL TRADING RESULTS.

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Nexgen's Live Training Online Class Click Meeting

Nexgen Software Services run the best online chat room in the industry to teach traders how to read

the software and execute live trades from 9 am ET - 12 Noon ET. This room is designed so you are able

to ask questions and post your own charts and trades for feedback. This room will show live trades from

time to time but more importantly break down the interpretation of the software from a rules based

perspective.

Join the room from the education page on our site. http://nexgent3.com/education/

START SIMULATION in class and post your trades for review. It is vital that you not only recognize trades before they happen, you must now hone your skills as a trader by actually trading. You must prove your understanding of the plan by making simulated trades that are highly profitable. Only when you are completely comfortable pushing the button live, fine tuning your own version of the plan, will you be able to make real money trades.

1. Set up profit targets and stop losses in the Ninja Trader simulator 2. Place the trades according to the rules in the plan. 3. Annotate your charts with reasons for entry and exit. example1 example2 (Video example) 4. Share your trades with the educator and or sales associate for review in class using JING to take

pictures and ScreenCast.com to broadcast them. (Watch Video)

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What is the proper way to OPEN NINJA TRADER ?

Find the Ninja Trader Icon on your desktop and double click on it.

How do I close Ninja Trader down after I am done trading for the day?

Ninja 7 click FILE > EXIT - please remember to save your workspace when you close.

NINJA 8 – it is important that you close your workspace and save it PRIOR to exiting the program to

prevent errors to the workspace. This will be updated in a later release.

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Open a workspace.

If you open your ninja and you do not have any charts , you may need to open a workspace with charts

or you can rebuild them if you deleted them on accident or download from Nexgen's site.

To OPEN WORKSPACE : click FILE > WORKSPACES > OPEN WORKSPACE and select your workspace.

To rebuild your charts please refer to the section : How do I add a chart to an existing workspace?

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What is the proper procedure for closing one workspace if I have more than one open?

In the Control Center, go to File>Workspace>Close Workspace>Yes to All when asked to save it.

Why can’t I close my workspace? Ninja says that it cannot close the last open workspace.

Ninja Trader requires that all at least one workspace remain opened when the platform is shut down.

Click File > Exit to close this last workspace if you only have one open.

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How do I move and scale my charts so I can see the data clearly?

using your mouse in the right data or bottom time axis you may move your price bars closer together or

farther apart. Use the CONTROL + MOUSE in the price axis to move charts up and down manually.

the Play Button will return your charts to the right edge and current price , the "f" will focus your charts

to the current data and price scale. There is no way to currently " auto center " the price data in Ninja.

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How do I add the Chart Trader to a newly created chart or my existing charts so I can place trades?

Above the chart, there are several small button icons. The 5th icon from the right is for the Chart Trader.

Click the icon to activate and deactivate the Ninja Trader chart trader.

How do I set up my Stops and Profit Targets so they will be active when I place a trade ?

From your chart trader select the 3 dots icon below the Qty of contracts to trade.

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Set up your stop and target levels then right click to save your ATM with your desired name.

then use the Drop Down Menu on your chart trader to select which ATM you wish to use.

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How do I apply a premade template to a chart?

Using one of Nexgen's Pre-made or one of your own templates that have been saved to

Documents>Ninja Trader 7>Templates>Chart, then you can right click on your chart and select

Templates, then Load, then select the template that you wish to apply to the chart.

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How do I set Ninja Trader to show on the chart the trades that I have taken?

Right click on the chart and select Data Series. Scroll to the very bottom of the listing and find

“Plot Executions”. You can choose between “Do Not Plot”, “Markers Only”, and “TextAndMarker”.

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How do I add a chart to an existing workspace or build them for Market Replay?

https://www.youtube.com/watch?v=cYvh-hkhJe0&feature=youtu.be&t=749

In the Control Center, go to File>New>Chart.

Select your instrument from the default instrument list and press New. Next, you will set your chart

parameters on the right. Under the “Period” category, set the Type to Nexgen Dynamic Renko and set

the Body Size and New Bar inputs to your desired settings. Under the “Data” category, set your “Days to

load” input to a value between 30-120+. Set your session template to Default 24/7 ( should be by

default with instrument settings listed) . Lastly, select the chart template that you wish to apply by

selecting it from the drop down menu listed below the chart parameters. “Load the following Chart

Template”

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My charts are too close to the Price Axis. How can I set Ninja Trader to allow more room between the

price action and the price axis?

Right click on the chart and select Properties. Under, “Window” increase the value of the “Right

Side Margin” Most clients find a value between 50 – 80 to be optimal.

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Adding a new symbol that is not currently listed- Also rolling over futures contracts

From the control center CLICK > Tools Instrument > Manager

from this menu type in the name of the symbol and search , you can use the description if you do not

know the name of the symbol. Then highlight the symbol and use left arrow to move it to your list.

ONCE DONE USE DROP DOWN (TOP LEFT) on chart to switch to new symbol. Save workspace.

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I have created a new chart and applied the indicators, but I am seeing no fib levels.

Right mouse click on your charts, go to DATA SERIES. Make sure that your days to load input is set to at

least 10 days for smaller timeframes, 30 days for midrange timeframes and 90 for higher timeframes.

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Ninja Crashes every time I try to open it.

This is usually from a corrupted workspace that causes Ninja Trader to crash when I launch the

platform. You will need to keep this workspace from automatically launching when Ninja Trader is

launched. To do this:

Upon launching Ninja Trader, the platform opens all workspaces that were left open when it was

last shut down. If you need to stop a workspace from automatically launching, go to Documents>Ninja

Trader 7>Workspaces and delete the “_Workspaces.xml” file there. This will result in Ninja Trader

launching only a single untitled workspace the next time that it is launched.

Ninja did not automatically connect to the data when I launched the platform. I receive the following

message when I try to connect to my data manually. “LOGIN FAILED; UNSPECIFIED LOGIN ERROR”

It is likely that your free trial to the data has expired. You can sign up for a new Username and Password

for your trial here https://ninjatrader.com/

If you need to CLEAN YOUR DATA Watch this video https://www.screencast.com/t/ggWPjaSL6

I am connected to the data in the Ninja Control Center, however, my data is not moving.

First, you will want to make sure that the chart that you are viewing is set to pull data for the

correct and current instrument and that instrument is not expired. You can check to see which

instrument is loaded to the chart by looking in the top left corner. Once you have verified that the

correct instrument is in place, then you may wish to repair the database and reset the instruments

within Ninja. To do this, disconnect from the data and go to Tools>Options>Data>Reset DB>Repair

DB>Reset Instruments>Close and Reopen Ninja.

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I have upgraded the hardware in my computer and now my Nexgen software will not plot.

When certain pieces of hardware in the computer are changed, the authentication server will

not recognize the computer. To protect itself, the software will not be granted authentication to plot.

In order to get the software running again, the Nexgen DLL will need to be refreshed. You may do this

yourself with your " PERSONAL NAME machine 1 T3setup.exe " file by double clicking on it with Ninja

Trader closed. Or if you still have trouble please contact Tech Support and we will get your software up

and running for you again.

I will be travelling and would like to install software to my laptop.

Depending how many machine licenses you have purchased you may load this computer with your

software. If you wish to add a new license you may purchase that at any time by visiting the website.

Where can I find the latest updates to the Nexgen Software.

All software updates are posted to the Resources page of the Nexgen website.

https://nexgent3.com/resources/

FOR BEST RESULTS PLEASE FOLLOW THESE COMPUTER RECOMMENDATIONS

• Fastest Available processor recommended @ 3.5 GHz or Higher • Minimum 16 gigabytes of RAM • Solid State Drive Hard Drive with Min 100 gigabytes space, Solid State Drive is faster for sure! • Multiple Monitors Video Card - that will run at least two monitors 3 is best. This is very highly

recommended when learning so you can follow your charts and the educational room. • Monitors- 2 or more recommended https://www.screencast.com/t/GFwt0doGDlK • Operating System- Windows 7 (min) Windows 10 preferred • Internet- FASTEST available. (10 Mb per second is minimum) 100+Mb/Sec is best

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INDICATOR DESCRIPTION SECTION

Fibonacci Support and Resistance that is a combination of 10 timeframes of 4 different types of

Fibonacci Projections and Retracements. For YouTube video description please visit our site

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Synthetic Fibonacci Support and Resistance that Support and Resistance Generated on one chart that is

placed on a smaller chart. One of our two main setups is buying or selling at Multiple Time Frame

Fibonacci areas which include more than one Red or Blue Fibonacci area.

You will notice on the chart below there are 3 red Fibonacci lines on the Range Bar chart on the right.

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T3 Trigger Lines - Small triggers is what we call them and they are moving averages generated using a

linear regression calculations. Nexgen's setups are timed by a close of a bar above or below the small

trigger lines.

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T-3 Synthetic Trigger Lines

This indicator is the " SAME " as our T3 Trigger Lines , the difference in this indicator is that it has the

ability to plot a " higher timeframe" or " larger chart's" small trigger lines ( left chart ) super imposed on

a smaller timeframe chart ( right chart below ) . Nexgen uses this indicator for TREND recognition and

for many of its trading setups. The values of the indicator are identical on both charts.

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Nexgen Dynamic Renko Bar Type - this custom bar type allows us to choose any size chart we wish to

display and to be able to alter the OPEN and REVERSAL size of the bar to " smooth " price data

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To Change Bar Size - You may wish to change the bar size. To do this click the data series icon , or right

mouse click on your chart and select data series. Note: the larger the bar size ( typically best practice is a

3-1 , 4-1 or 5-1 Ratio ) for example 5-1 , 10-2 , 20-4 or 12-3 , 24-6 ratios are commonly used.

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Trend Bands and Moving Average Use

Nexgen will use a 55 period moving average or 165 period moving average for support and resistance ,

these areas will be used in " Trend Trades " The upper and lower bands are deviations of the 55 period

moving average and can be support or resistance.

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T-3 Fib2Fib Oscillator

This proprietary oscillator will help to define trend, , define divergences as well as generate buy and sell

areas for trade setups.

The key is to watch for the 75 or 25 lines at entry spots. If you have a Sharp Point at 75 or 25 or at 100 or

zero then you have a potential turning point. At key Fibonacci/Trigger line areas the following patterns

will help your position.

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T-3 Dvg Potential ( divergence potential)

T3 Dvg Potential will measure the swing retracements and plot divergences between the retracement %

price versus the T3 Macd BB lines ( older indicator not used lately)

https://www.screencast.com/t/zdF4y7nFXq

Use it as prior highs or lows for exit or entry help to easily see key pivot highs and lows

https://www.screencast.com/t/SlGevNfSMey

The following example is a “pivot stop out” for a trend trade spot for entry

https://www.screencast.com/t/IODqxJUjhV9W

Here is another example of using the “pivot stop out” for an entry

https://www.screencast.com/t/VysVTKmCOMzm

When all of your charts have divergence as indicated by the “(-) Negative #” which means there is a

divergence at the pivot, trend trades become less likely to win if the areas are not VERY strong.

https://www.screencast.com/t/l9rTbQZXGu0a