To generate your own unique NinjaTrader Machine ID you will want to use the 3rd Party Licensing feature located in your ninjatrader platform. This can be achieved in just a few steps. Creating your own unique machine id is not necesarry but is recommended when you are licending 3rd party software because certain license keys may be duplicated without knowledge of this.
Follow the steps below to generate your unique NinjaTrader Machine ID:
Below are the specifications for many common futures contracts including ticker symbol, exchange traded on, min tick, tick value. It is very important to know a market before trading it. The information below will help to understand your risk in each market. All information is manually entered and may not be 100% accurate.
| Index Futures | Ticker Symbol | Exchange Traded | Min Tick | Tick Value |
| S&P 500 | ES | CME | 0.25 | $12.50 |
| Nasdaq 100 | NQ | CME | 0.25 | $5.00 |
| Dow Futures | YM | CBOT | 1.0 | $5.00 |
| Russell 2000 | TF | ICEUS | .10 | $10.00 |
| Currency Futures | ||||
| Australian Dollar | 6A | CME Globex | .0001 | $10.00 |
| British Pound | 6B | CME Globex | .0001 | $6.25 |
| Canadian Dollar | 6C | CME Globex | .0001 | $10.00 |
| Euro FX | 6E | CME Globex | .0001 | $12.50 |
| Japanese Yen | 6J | CME Globex | .000001 | $12.50 |
| New Zealand Dollar | 6N | CME Globex | .0001 | $10.00 |
| US Dollar Index | DX | ICEFI | .01 | $10.00 |
| Swiss Franc | 6S | CME | .0001 | $12.50 |
| Energy | ||||
| Crude Oil | CL | NYMEX | .01 | $10.00 |
| Mini Crude Oil | QM | NYMEX | .01 | $5.00 |
| Natural Gas | NG | NYMEX | .10 | $10.00 |
| Heating Oil | HO | NYMEX | .01 | $4.20 |
| Metals | ||||
| Gold | GC | COMEX | .10 | $10.00 |
| Gold Mini | YG | NYSE | .10 | $3.32 |
| Silver | SI | COMEX | .005 | $25.00 |
| Silver Mini | YI | NYSE | .001 | $1.00 |
| Copper | HG | COMEX | .0005 | $12.50 |
| Platinum | PL | NYMEX | .10 | $5.00 |
Keeping a trade journal is one of the most important factors of a successful trading career whether it is futures, forex or stocks; you can download an example journal for your trading statistics below free. I know that many investors says "you should always keep a trade journal" and I also know this is the last thing that most traders want to spend their time doing! It just seems like one of those things that is a waste of time in the beginning stages because it is very difficult to ever imagine looking back at something that occured a year ago. However that is exactly what should be done!
Now I'll tell you why keeping a trading journal can help you in your path to success. Every trade placed is a new statistic that makes up the entirety of your trading portfolio. Understanding these statistics can save you from the downfall of a potential career path. Some of the details that we gain are as follows:
When looking for the best trading strategy for your futures and forex trading, look for simplicity. The financial markets give many technical indicators for people to use to determine upcoming moves which can be implemented into any trading strategy. The issue is complexity which causes confusion as well as emotional hesitation to place a trade. Think of the futures and forex markets as an indicator in itself, so if you are already using an indicator why use many more to confirm what you are already being told via price action. You may ask how is price action an indicator; it is simply indicating what has happened in the past so that you can place a defined value on the chosen futures or forex market. Therefor price action is indicative of historical psychology of traders all around the world.
To find the best trading strategy you will want to ask youself the most basic of questions to determine if the strategy in question is capable of measuring the true value of an instrument or if it is using lagging indicators to be told the current direction of price.....Let me explain....
We have been working diligently on the new Supply and Demand Online Trading Course which will be available in the next month. This training course will be packed with many videos, tutorials, step by step guides and even quiz's to see how much you have learned throughout the process and to be sure to retain all of the informaiton. This trading course teaches how to trade institutional order flow and is specific so you will not be wasting valueable time learning about multiple trading strategies that will not benefit your trading.
Taking a trading course is a vital part of a successful traders path to their future and it is the goal to help each of you reach your financial freedom. I am personally looking forward to the release of this online trading course and will announce it in the coming weeks.
Support and Resistance with Supply and Demand Order Flow
Support and Resistance is very common terminology that is used throughout the trading industry. Many traders believe support and resistance to be the same as supply and demand. In this article we will discuss how they are different and how to use support and resistance areas to add probability to your upcoming trades.
Trading on a remote server / virtual private server is a great way to allow your trading software to continuously run. This has become more and more popular among retail traders. There are always issues of your local pc crashing, loosing your power, internet connection and more. Using a remote server can help alleviate those worries and allow you to leave your custom trading strategy, automated trading system, trading platform, overnight trades and more running 24/7. This is a great option for many traders who either run software, or choose to trade from multiple locations. You can place a trade from home and continue to manage it when you get to the office all from one server.
We get many emails and questions regarding servers that can be used for this purpose. They are VPS servers otherwise known as Virtual Private Servers. There are different levels of disk space, ram and cpu that you can choose from and the cost will vary per company. Below is a link that offers very affordable remote servers for trading and all other purposes. The servers are located in the USA, and they have amazing support 24/7 to always assist you. When choosing the plan be sure to choose the Windows server which is fully compatible with both NinjaTrader and MultiCharts as well as most other Windows applications.
View our SD Model and see some of the capabilities in this full length webinar as well as live trading and analysis of multiple markets for swing and position trades. You will see how we use our supply and demand / institutional order flow trading techniques to pre define each trade.
View how we enter at levels of extreme order flow produced by institutions and large money on the Nasdaq. You will see how I used a limit order to place my entry on the Nasdaq for the day. Per the analysis on the market, it was determined there was an abundance of sell orders at a level of interest which concluded that the probability was in favor of the sellers for the day IF we reached that level. The trade is pre determined and mapped out for maximum profit potential.
I look at how to pre define your breakout and reversal trades using supply and demand levels with technical analysis. Regardless of what I think the markets are going to do, following a rule set keeps me on the right side of the trade. In the video you will see each step of technical analysis throughout the day and even a trade placed in the overnight. I always look to see what price is closer to; supply or demand which tells me how far price has to move in any given direction. This analysis is combined with other elements such as trend, altitude etc.... to give the highest probability trades. As a short term trader I am offered many more trades due to smaller time frame analysis, however each trade is carefully thought out in advance and placed according to supply and demand levels in any given market.
One of the most sought after questions in the trading world What is the best time frame to trade futures and forex? This is a very complex question and will take some detail which will be covered in this article.
To begin, I will answer a question with a question, what is your style of trading? The time frame you choose will be heavily dependant on you as an individual. Below we will look at specifics. If you prefer to place intra day trades to scalp the market, you will look at a ery different time frame than a trader who wishes to place one trade per day or even less. Another few questions; what is your trading method, do you play breakouts or reversals or both?
Get a preview of our live trading and analysis webinar of multiple markets using our supply and demand trading strategy. I would like to thank you all for the great feedback and emails we have gotten. If for any reason you missed the session be sure you sign up for our Free Newsletter to be sure you do not miss the next one! To sign up simply visit our home page and type in your name and email in the left hand column.
We have been talking a lot in the live trading room about specific rules to engage in supply and demand based trades. We have been showing extreme weakness in the S&P futures, so the majority of traders step into the market with selling opportunities. In this video I will look at how it is equally as important to know where we are most likely to stop traveling lower on the smaller time frame and produce intra day trades based on demand. Looking to the larger time frame we come into demand which allows us a long opportunity for an intraday trade. The trade is exited at the next opposing area of supply.
In the video below I will explain how to use a very defined IF THEN thought process in combination with a Fibonacci Trading Strategy to create your own method. A trading strategy can help to remove unnecessary decision making as well as emotions that take place due to over thinking a trade. Im sure we have all been in the situation where we hesitate to take a trade because we are unsure. It is crucial to remove this from our trading! I will introduce what it takes to create your own trading strategy using rule based fibonacci methods. No matter the method you choose to trade, understanding how to apply the IF THEN thought process will benefit you. We use this same process in our Supply and Demand Trading!
Join Us for a fun & exciting event with Mirus Futures Thursday November 1st at 9am ET. Many questions will be covered in this webinar. This event is FREE to the public.
Topics Covered:
Forex and Futures markets offer excellent trend following opportunities for income on a daily basis. These opportunities occur most often at areas of "confluence" (an area that multiple trading methods agree with one another) which increases the probability of each trade's outcome. Some of these probabilites would include: supply and demand zones, fibonacci retracements / fibonacci extensions, trendline, support and resistance and many others including trading indicators like stochastics, bollinger bands, keltner channel, RSI and MACD to name a few. Supply and Demand Zones in combination with Fibonacci Retracements are among the best and statistically hold a very high profitability factor for both futures and forex markets.
Trading With the Trend is a very important factor for every trade. Trend following will allow for larger profit margins and statistically have a higher win to loose ratio. Often traders get confused as to what the trend direction is, and which time frame they should be analyzing to determine if they are trading with the trend (trend following), or trading against the trend (counter trend trading). The direction should be determined dependant upon your style of trading including intraday, swing to long term. If you are looking for scalp intraday trades perhaps a 5min chart is sufficient. If you are looking to hold your positions throughout the day and/or overnight you would want to analyze the 60min chart for trend direction. The longer you plan to hold the trade the higher the time frame you should analyze for trend direction, supply and demand zones, and fibonacci retracements. It is good practice to remain consistent with the time frame you choose, otherwise confusion will once again become a factor.
In the video above we discuss an outlook or forecast on the S&P Futures Contract. See our technical analysis for the upcoming weeks. We use trend following techniques to help determine the future moves in any given futures, forex or equities markets. At this time we have a bearish outlook on the short term trading, however we must remain bullish on the S&P in the long term trading until we are proven otherwise. The S&P Futures contract is approaching some very crucial levels which will give us further confirmation of the overall direction.....
PFAZoneSuite Automated Strategy & Hedger NOW AVAILABLE!
