How to Code, Backtest, and Trade the Opening Gaps in the Futures Markets: NinjaTrader, MultiCharts, and Tradestation Automated Algorithmic Trading Strategy Setups
Description:
This is a 2019 Revision of my original book, "Seven Trading Systems for the S&P Futures". In this book, we look at the out of sample analysis of the Gap Fill One trading algorithm. We provide some coding updates, without changing the actual strategy and we also provide the setups for NinjaTrader 7, NinjaTrader 8, and MultiCharts. The code and instructional videos can be downloaded from the complimentary section of the Members Area for the updated version at:http://www.seventradingsystems.comIn summary, the Gap Fill One strategy, shows nice out of sample results since the original release in July 2010. It took my five years to develop my first trading strategy. I wrote the type of book I wish I would have had when starting this journey of algorithmic system trading, otherwise known as rules based trading. My original career was not what I expected so I spent many evenings studying the markets, acquiring data, learning how to code strategies, and back testing strategies. It is a skill that takes time. This book will decrease your learning curve.Many traders focus on the wrong numbers and do not have a realistic view of trading. One of the most important factors an algorithmic trader must consider is transaction costs from slippage and commission. The average trade cost is a factor that is ignored as I see many algorithms with $10-$15 average trade profit before any transaction costs are taken out.The strategies in this book and in the Members Area exceed those numbers and provide a path an insight for you to understand how to become a full time trader.David Bean Capstone Trading Systemshttps://www.capstonetradingsystems.com