Documentation

Welcome to BLUECHIP Documentation!
SiomTrading provides you with access to advanced tools and strategies to facilitate decision-making in the market when trading. This is why we have created this documentation: to offer you the necessary information and guides to make the most of our products. You can explore key topics or directly search for what you need.

How to use this documentation:

  • Search for a document: Use the search bar at the bottom of this page to find specific information.
  • Explore categories: Browse through the category menu to access our intuitively organized guides.

One of the most challenging aspects to control in trading is emotions. They cloud our judgment and lead us to make poor decisions during moments of uncertainty, causing us to take unnecessary risks or exit trades prematurely, leaving money on the table—only to later realize that the profit could have been greater if we had followed our trading plan.

We experienced it firsthand. This was our initial learning curve in the stock markets back in 2016 when we decided to embark on this profession the hard way—through trial and error, trusting free information from the Internet, and believing in the existence of a magical formula to achieve profitability in the financial markets. This approach cost us a significant amount of money and, most painfully, a lot of time.

This is our driving force, our motivation: to prevent new investors or those who have been on this journey for years from being held back or failing to achieve their goals due to emotional setbacks. For this reason, at BlueChip, we have developed various investment systems and tools to support traders in their decision-making process. Our goal is to accelerate each investor’s journey to consistency through technological solutions and algorithmic systems that simplify decision-making in financial markets.

At SiomTrading, we dedicate all our focus and effort to investing in the stock market, primarily in Futures, Financial Options, and Cryptocurrencies. After years of experience, we realized that education is the foundation of success—but education without practice is merely a dream. Additionally, in the world of investing, each person’s path is unique; it is not about the strategy employed or the capital available, but about individual personality and the ability to mature financially. That is why we concentrate on mentorships and guiding each individual through the development of their career as a trader.

This is the reason we are 100% committed to creating a community of traders where we learn together through mentorships focused on the professional development of each individual, understanding that the race is ultimately against oneself.

 

Ninja trading Guide

Find the Platform

To download the NinjaTrader platform, open any web browser and search for «NinjaTrader: Futures Trading».

  1. Once on their official website, you will find a prominent button labeled «GET STARTED.» Click on it to begin the registration process.

Register with Your Email Address

  1. Enter your email address in the designated field and click «SIGN UP.»

  1. Shortly after, you will receive a confirmation email in your inbox. This email will include a link to verify your account.

  1. Click on the «Confirm Email Address» button in the email. This will open a new page where you can create a username and password.
    • These credentials will be used to log in to both the web and desktop versions of NinjaTrader.
    • Be sure to write them down and store them securely.
  2. Accept the terms and conditions, then click «Create User» to complete the process.

Congratulations! Your account is now ready for use.

Set Up Your Demo Account

Log in with your credentials.

The platform will present three main options. For this tutorial, select:

«Not ready for live trading? Start a risk-free trial of simulated trading.»

Complete the form with your personal information, including:

First name, Last name

    • Country
    • Area code and Phone number
    • Once all fields are completed, click «Continue.»

Download and Install NinjaTrader 8

  1. In your demo account section, look for the «Download» option.

  1. Click the link to download the latest version of NinjaTrader 8 for desktop.
  2. When the download is complete, start the installation process.
    • Follow the on-screen steps, accepting the terms and conditions to proceed.
    • You may see a pop-up asking for permission to make changes to your device. Select «Allow» to continue.
  3. Once the installation is complete, you will find the NinjaTrader icon on your desktop.

Access NinjaTrader

  1. Open the «NinjaTrader8» icon on your desktop to launch the program.
  2. You will be directed to the login screen, as shown in the example image.
  3. Log in using:
    • Google, Apple, or the Username and Password you previously created and saved.
    • Note: Each time you access NinjaTrader, you will need these credentials for security purposes.

Familiarize Yourself with the Platform

  1. After logging in, the NinjaTrader control panel will open, along with some additional pop-up windows.
    • You can close these for now, as they are not needed immediately.
  2. Explore the platform and take your first steps in trading.

Demo or Live Account Options

Once logged in, you will see two additional options:

  1. Live Account: For operating with your own capital.
  2. Simulation: A free demo account valid for 14 days.

Choose the simulation option to practice risk-free trading before transitioning to a live account.

In the previous tutorial, we learned how to download and install NinjaTrader, as well as create and connect a demo account. Now, we’ll take the next step by configuring three essential aspects of the desktop platform for optimal operation, preparing it for a funding test or live account. Let’s get started!

Enable the Multi-Provider Option

If you plan to operate with multiple accounts (demo, funded, or live), it is crucial to enable the Multi-Provider feature to manage all connections from a single platform. Follow these steps:

  1. In the Control Panel, go to the Tools menu.
  2. Click on Options.
  3. Locate and activate the Multi-Provider checkbox.
  4. Press Apply and then OK.
  5. Restart NinjaTrader for the changes to take effect.

💡 Tip: Without this option activated, you won’t be able to connect multiple accounts, limiting your operational flexibility.

Set the Time Zone

Synchronizing strategies with the correct time zone is key to ensuring that orders execute at the right moment. The recommended time zone for NinjaTrader is UTC-5:00, corresponding to Eastern Time (U.S. and Canada).

  1. Go to Tools and select Options.
  2. Find the TimeZone Setting configuration.
  3. Choose UTC-5:00 and save the changes.
  4. Restart NinjaTrader to apply the new configuration.

💡 Reminder: Incorrect time synchronization can disrupt your strategies, especially time-sensitive ones like automated trading.

Disable Order Confirmation

To efficiently execute automated strategies, it’s better to disable the Order Confirmation feature. This prevents the system from requesting additional validations for automatic operations.

  1. In the Control Panel, open Tools and select Options.
  2. Navigate to the Trading section.
  3. Uncheck the option Confirm Order Placement.
  4. Save the changes and restart the platform.

💡 Suggestion: While this accelerates the process, make sure to thoroughly review your strategies beforehand to avoid unexpected errors.

 

Additional Tips to Optimize NinjaTrader

Adjust the Platform Background

Good visualization is essential for comfortable operation. If you prefer a dark background like we do, adjust the platform’s theme as follows:

  1. Go to Tools and select Options.
  2. Find the Skin option.
  3. Choose the color or design that suits you best and save the changes.

Organize Your Workspace with Workspaces

Saving your graphical setup and favorite assets is very useful for working efficiently. Use the Workspaces feature to achieve this:

  1. In the Control Panel, select Workspaces – New.
  2. Configure your workspace and save it so it remains intact the next time you open the platform.

With these basic configurations and additional tips, you’re ready to trade more efficiently and comfortably on NinjaTrader.

Keep optimizing your experience and master every tool on the platform!

 

Connecting a Funded Trading Test

This tutorial will guide you step-by-step to connect a funded trading test in NinjaTrader using Rithmic as your data provider. Follow these instructions to set everything up correctly and start trading.

Step 1: Download and Install Rithmic

  1. Open your browser and search for “Rithmic”.
  2. Go to the official download site (Rithmic Downloads).
  3. Select the RTrader Pro option and click Download.
  4. Once the download is complete, run the installer.
  5. Accept the terms, click Next at each step, and select Yes if the system requests permissions.
  6. Finish the installation by clicking Finish.

Step 2: Configure Rithmic

Set up Rithmic to work with your funded trading test:

  1. Open Rithmic.
  2. On the login screen, enter the username and password provided by your funding company (typically sent via email or available in their portal).
  3. In the System field, select the server specified by the funding company.
  4. Set the location to Chicago.
  5. Disable the market data option.
  6. Click Login to connect.

Step 3: Accept the Agreements

When logging in for the first time, you will need to accept a few agreements:

  1. Read each contract carefully.
  2. For the second agreement, select the non-professional option (if applicable).
  3. Sign and accept to proceed.

Step 4: Import the License into NinjaTrader

Link your funded trading test by importing the license key into NinjaTrader:

  1. Log in to the NinjaTrader web portal using your username and password.
  2. In your personal dashboard, click the Login icon (blue icon at the top).
  3. Go to Settings and select the Plans tab.
  4. Find the option to Import License Key.
  5. Enter the license key sent by the funding company via email.
  6. Save the changes and log out.

Step 5: Connect Rithmic in NinjaTrader

Now link Rithmic to NinjaTrader:

  1. Open NinjaTrader.
  2. Log in using your NinjaTrader portal credentials.
  3. In the Control Panel, go to the Connections menu and select Configure.
  4. From the list of available connections, choose Rithmic for NinjaTrader and configure:
    • Connection Name: Assign an easily recognizable name (e.g., “Rithmic Funding”).
    • Username and Password: Enter the same credentials used in Rithmic.
    • System: Select the same system you configured in Rithmic.
  5. Click Apply and then OK.

Step 6: Confirm the Connection

Verify the connection to ensure everything is working properly:

  1. In the Connections menu, select the newly created account.
  2. Ensure the connection icon turns green.
  3. Go to the Accounts tab in NinjaTrader.
  4. You should see:
    • A live account with an initial balance of $50,000.
    • A demo account with an approximate balance of $100,000.

Ready to Trade!

By following these steps, you will have successfully connected your funded trading test to NinjaTrader via Rithmic. Always verify your connection before trading to avoid any issues. Happy trading!

 

 

How to Create and Read the Trading Log

A trading log is a fundamental tool for any trader aiming to improve performance and make effective market decisions. Keeping a detailed record of past trades helps identify patterns, refine skills, and reduce risk exposure. Here’s a step-by-step guide to creating, managing, and analyzing your trading log in NinjaTrader 8.

Generate Trade Performance Data

Step 1: Access Trade Performance Tool

  1. Open NinjaTrader’s Control Panel and select New.
  2. Click on Trade Performance to open the data export tool.

Step 2: Configure Trade Performance Options

  1. In the Trade Performance window, customize the following settings:

    • Date Range: Use the calendar tool to set the start and end dates for the period you want to analyze.

    • Display: Switch from the default «Summary» view to «Trade» for detailed records of past trades.

    • Filters: Refine your data by:
      • Account: Select the specific trading account to analyze.
      • Instruments: Focus on specific traded instruments.
      • Templates: Apply saved templates for consistency.

  1. Click Generate to display detailed performance data for the selected period.

Export Trade Performance Data

  1. After configuring the display, filter, and date range:

    • Right-click on any trade in the list.
    • Select Export from the context menu.

  2. Choose a file format for your trading log:

    • Excel (.xlsx): Best for visualization and analysis.
    • CSV (.csv): Ideal for data manipulation.
    • HTML (.html): For a web-based view.

  3. Save the file to a location on your computer.

Enhance Analysis with BluChip’s Excel Log Template

Step 1: Download the Log Template

  • Download the SiomTrading log template via the provided link:
    [Download Log Template Here]

Step 2: Import Your Data

  1. Copy your exported data into the “Source” sheet of the Excel template.
  2. Verify numerical values by checking for error markers (green triangles in cells).
    • If errors appear, select the cells and click the warning icon.
    • Choose Convert to Number to ensure proper formatting.

Step 3: Update and Review

  1. Go to the Dashboard sheet.
  2. Click on Data > Refresh All to update the information and analyze your trades comprehensive

Analyzing Data in the SiomTrading Log

Key Sections to Review

 

  1. Date Range: Period of executed trades.
  2. Starting Capital: Modify manually in the designated section.
  3. Trades by Instrument: Summary in the «Instruments» section.
  4. Profit Factor: Found in the trading summary, this metric evaluates strategy profitability.
  5. Trade Breakdown:
    • Number of buy and sell trades.
    • Positive vs. negative outcomes.
  6. Highest Gains and Losses: Identifies top-performing and worst-performing trades.
  7. Performance Metrics:
    • Net profits, monthly averages, and profit percentages relative to initial capital.

Total commissions

  1. Current Balance and Advanced Metrics:
    • MFE (Maximum Favorable Excursion): Measures maximum potential profit.
    • MAE (Maximum Adverse Excursion): Measures maximum potential loss.
  2. Detailed Trade Table: Lists all trades individually for in-depth analysis.

 

How to Create ATM Strategies

In this chapter, you will learn how to set up an ATM (Automated Trading Management) strategy, a trailing stop, or a system to automate your trading objectives upon entering the market.

What is an ATM and How Does It Work?

Creating a proper entry into the market involves understanding three fundamental factors:

  1. Entry Point
    The specific price where you take a position, whether long (buy) or short (sell).

  1. Risk and Reward
    Every trade has two possibilities: moving in your favor or against you.

    • Define the risk you are willing to take, i.e., the maximum loss you can accept (Stop Loss).
    • Set the reward you aim to achieve (Take Profit).
    • Clearly outline these levels before entering the market to manage probabilities effectively.

  2. Risk-Reward Ratio
    Your expected profit should relate proportionally to your assumed risk.

    • For example, if you risk $100 and aim for $300, the ratio is 1:3.
    • This ratio ensures a balance between potential rewards and losses.

By defining your assumed risk and profit targets, you establish a foundation for successful trading. An ATM strategy automates these objectives, ensuring consistent execution. It allows you to predefine Stop Loss and Take Profit levels, set the number of contracts, adjust ticks per objective, and more.

How to Set Up an ATM in NinjaTrader 8

  1. Open your trading chart and locate the Chart Trader on the right side.
  2. In the Chart Trader menu, find the ATM Strategy dropdown.
  3. Select Custom to create a personalized ATM strategy.

Customizing Your ATM Strategy

After selecting Custom, a new window will appear where you can define the parameters for your ATM strategy.

  • Stop Loss and Take Profit: Set levels based on your trading objectives.
  • Position Size: Define the number of contracts to trade.
  • Ticks per Objective: Determine precision levels for each trade target.
  • Order Management Options: Include trailing stops and position reversals.

Detailed Options in ATM Setup

  • Order Quantity: Number of contracts to trade.
  • TIF (Time in Force):
    • Choose whether the order remains active for the session, closes when a target or stop is reached, or closes manually.
  • Parameter Type: Choose the measurement for your strategy:
    • Currency: Monetary value.
    • Percent: Percentage of your account.
    • Price: Specific price level.
    • Ticks: Minimum price movement for the instrument (precise measurement).
    • Pips: Larger price unit than ticks (common in Forex).
  • Stop Loss: Set your risk limit according to the selected parameter.
  • Profit Target: Set your reward target based on the chosen parameter.
 

Acquiring a VPS (Optional)

A VPS, or Virtual Private Server, is a cloud-based space designed to remain online continuously—24 hours a day, 7 days a week, year-round. It functions like a remote computer that you can access from anywhere in the world, making it ideal for tasks requiring stability and constant availability, such as running automated trading strategies.

Unlike your personal computer, a VPS is always connected to the internet and offers very low latency, making it an essential tool for those who require speed and reliability in their operations. You can configure it so that only you or authorized individuals have access, ensuring a secure and exclusive environment.

Benefits of Using a VPS in Trading

Choosing a VPS can make a significant difference in your trading activities. Some of its main advantages include:

  • 24/7/365 Online Server: Perfect for running automated strategies without interruptions, even when your personal computer is turned off.
  • Low Latency: Strategically located near financial market servers, enabling faster execution of your trades.
  • Immediate Setup: Quick and simple configuration allows you to start trading without hassle.
  • Ideal for Automated Strategies: Built to support trading bots and algorithms requiring continuous operation.
  • Affordable Costs: An efficient and economical solution compared to maintaining a dedicated computer.

 

Disadvantages of a VPS

While a VPS is a powerful tool, it also has some limitations worth considering:

  • Limited Server Capacity: Storage and processing capabilities may be restricted, depending on the plan you choose.
  • Resource Constraints: Not suitable for tasks requiring high performance, such as optimization or advanced strategy development.
  • Not Recommended for Development: If you are programming or refining strategies, it’s better to do so on a local machine before deploying them to the VPS.

 

Is a VPS Right for You?

If you are working with automated strategies or need to execute operations consistently and without interruptions, a VPS can be a key tool in your trading arsenal. Evaluate your needs and objectives to determine whether this solution fits your trading style.

At BlueChip, we assist you with installing and configuring your VPS so you can maximize its benefits.

At BlueChip, we recommend using our systems on a VPS because its low latency ensures that the systems operate continuously without the risk of connection failures interrupting your trading activities.

It’s essential to choose a VPS with the following features:

  • Fast and Reliable Network Connection: Ensures uninterrupted operation.
  • Adequate CPU and RAM Resources: Provides sufficient performance for your trading needs.
  • Remote and Flexible Access: Allows you to manage your VPS from anywhere.
  • Compatible Operating System: Matches the requirements of your trading platform.
  • Backup and Security Measures: Protects your data and trading operations.
  • Reliable Technical Support: Ensures assistance is available when needed.

 

Recommended Minimum Specifications for Your VPS

We suggest acquiring a VPS with at least the following specifications:

  • Region: United States (East)
  • Hard Drive: SSD (Solid State Drive)
  • Server Type: Windows Server
  • RAM: Minimum 4 GB for one NinjaTrader account. For each additional NinjaTrader account, add 2 GB.
    • Example:
      • 1 account = Minimum 4 GB
      • 2 accounts = Minimum 6 GB
      • 3 accounts = Minimum 8 GB, and so on.

 

Recommended VPS Provider

One VPS provider we recommend is Contabo. This company offers several subscription plans tailored to various needs, providing flexibility and performance for your trading operations.

To log in to your VPS, simply open the Remote Desktop Connection application and:

  • In the “PC” section, enter the primary IP address sent to you via email.
  • In the “Username” field, type the username provided in the email.
  • You can choose to save the credentials to make it easier to log in in the future.
  • After clicking “Connect”, you will be prompted for a password. Simply enter it and click “Connect”.

You are now ready to perform your trading operations from anywhere at any time.

Security and Internet

To ensure you can run your trading applications smoothly, here is an instructional video with the initial steps you’ll need to follow.

Verify Key Software

Ensure that your NinjaTrader 8 (NT8) application can run without issues on the VPS by checking for the installation of two essential programs: Microsoft .NET Framework and Microsoft Edge.

Microsoft .NET Framework

Microsoft .NET Framework is a development platform used to create and run applications on Windows. It is essential for the proper functioning of many applications, including most trading platforms.

Below is a download button for installing the application on your VPS:

Download Net.Framework

 

Microsoft Edge

Microsoft Edge is a web browser that has become the default for Windows 10. Unlike other browsers like Chrome or Firefox, Microsoft Edge is optimized to enhance performance and security within the Windows operating system.

Below is a download button for installing the application on your VPS:

Download Microsoft Edge

 

Important Notes

Some brokers or trading platforms may require specific versions of these programs. Be sure to verify the specifications and requirements of your trading platform before installing any software or making changes to your VPS.

Ensuring that Microsoft .NET Framework and Microsoft Edge are installed on your VPS is crucial for the proper functioning of many trading applications

How to Download Our Systems (Bots and Indicators)

In this section, we will guide you on how to correctly install the systems (Bots and Indicators) you acquired through your subscription.

  1. Accessing the Download Section

    • Visit the SiomTrading website and log in to the «My Account» section using your username and password.
    • Navigate to the «My Downloads» section.

  1. Downloading the Systems

    • In the «My Downloads» section, click the red «Download» button located at the bottom.
    • All the systems will be downloaded as a single compressed folder.

  1. Handling Security Warnings

    • If your browser displays a security warning, select «Keep» or «Save» to proceed with the download.

  2. Ready for Installation

    • Once the download is complete, the systems are ready to be installed on NinjaTrader 8.
    • Important: Do not extract or decompress the downloaded folder.

Follow these steps to ensure a smooth download and installation process.

 

How to Install Our Systems (Bots and Indicators)

To install the systems in NinjaTrader 8, follow these simple steps:

  • Open the Import Menu

    • Go to the Control Panel of your NinjaTrader platform.
    • Click on Tools in the menu.
    • Select Import, then choose NinjaScript Add-On.

  • Select the Downloaded File

    • A window will appear. Navigate to and select the compressed folder you downloaded earlier.
    • Click Open to proceed.

  1. Confirm Installation

    • NinjaTrader will display a warning about installing a third-party add-on.
    • Click OK to confirm.
    • Wait for the system to notify you that the installation was successful.
    • Click OK again to finalize the process.

Your bot or indicator is now installed correctly and ready to use on NinjaTrader 8!

 

 

 

 

How to Update Our Systems (Bots and Indicators)

If you encounter a conflict or duplication issue when installing a SiomTrading indicator, follow these steps to resolve it and successfully reinstall the indicator.

Identifying the Issue

When an installation fails due to method name duplication, NinjaTrader will display an error message indicating the problem. This message typically points to an existing indicator in your system that conflicts with the new one.

 

Removing the Conflicting Indicator

To remove the conflicting indicator from NinjaTrader:

  1. Go to the Control Panel of NinjaTrader.
  2. Open the Tools menu and select Remove NinjaScript Assembly…
  3. A window will appear listing all installed indicators and scripts.
  4. Identify the conflicting indicator and select it.
  5. Click Remove and wait a few moments while the platform completes the removal process.
  6. Once done, click Close to exit the removal menu.

Reinstalling the Indicator

After removing the conflicting indicator:

  1. Retry the installation of your SiomTrading indicator by following the standard installation process.
  2. Ensure no further conflicts are present, and proceed as usual.

 

 

Your platform is now updated and ready to use with the new indicator!

How to License Our Systems (Bots and Indicators)

After installing the systems, you need to license (activate) them to use them normally. Follow these steps to complete the process:

  1. Obtain Your Machine ID

    • Open the Control Panel in NinjaTrader 8.
    • Navigate to Help and then select About.

 

Locate and copy your Machine ID.

Send Your Machine ID

  • Email your Machine ID to Bluechp support at.
  • Ensure you send it as plain text (not an image).

 

Await Activation Instructions

    • Once you’ve sent your Machine ID, SiomTrading will respond with an email containing the next steps for activation.

Your systems will be licensed and ready for use after completing these steps.

Automated Strategies and Their Risk Levels

At Bluechip, we offer a variety of Automated Strategies (Bots) that you can choose from to align with your desired risk level. The risk categories we manage are:

  • Low Risk (Riesgo Bajo)
  • Mid Risk (Riesgo Medio)
  • High Risk (Riesgo Alto)

We encourage you to download the following file, where you can find detailed information about the risk level of each of our Automated Strategies (Bots). This will help you make the best investment decisions according to your preferences.

 

User Guide

If you have acquired an Automated Strategy (Bot) from us and installed it on the NinjaTrader 8 platform, it’s essential to know how to configure, activate, and deactivate it according to your needs.

To begin, you must open a chart for the asset where you want to configure the strategy.

How to Open a Chart

Follow these steps to open a chart in NinjaTrader 8:

  1. Click on the “New” menu in the NinjaTrader 8 control panel.

  2. Select the “Chart” option. A new window will appear where you can configure the chart.

  • In the dropdown menu, select the asset you wish to trade.

  • Choose the time frame:

    • Set the Type (e.g., minutes).
    • Define the time interval for price plotting (e.g., 3 minutes).
  • After customizing the chart settings to your preference, click “OK” to create the chart.

How to Configure an Automated Strategy (Bot)

Follow these steps to configure an Automated Strategy (Bot) in NinjaTrader 8:

1. Open the Strategy Configuration Menu

  1. Right-click on the chart where you want to configure the bot.
  2. Select “Strategies…” from the dropdown menu.

 

2. Select Your Strategy

  1. A window will open showing all the strategies available on your NinjaTrader 8 platform.
  2. Locate the desired strategy in the AlgoLabS folder.
  3. Double-click on the strategy name to begin configuration.

 

3. Adjust Strategy Parameters

  1. Once selected, the strategy’s properties will appear in the configuration window.
  2. Carefully review and adjust the parameters to suit your needs and preferences.
  3. Save the changes after making adjustments.

To assist you in this process, use the “-parámetros-bots” channel in the ALGOLAB Discord or refer to the recommended parameters provided on the SiomTrading website. You can find these parameters in the documentation section: [Link to Parameters].

4. Recommended Settings

The recommended settings for each bot are provided by the SiomTrading developers. While these are optimized suggestions, they are not the only possible configurations. The optimal settings depend on:

  • The size of the account where the bot will operate.
  • The level of risk you are willing to take.

 

5. Important Configuration Details

  1. Account Selection:

    • In the “Account” field, choose the account where the bot will execute trades.

  2. Order Quantity:

    • Set “Set Order Quantity” to “Default quantity”.
    • In the “Default quantity” field, enter the number of contracts based on the risk you want to assume.

How to Turn On an Automated Strategy (Bot)

Once the strategy is configured and personalized, you can activate it on the chart to start automated trading. Follow these steps:

1. Enable the Strategy on the Chart

  1. In the Strategy Configuration Window, locate the “Enabled” option.
  2. Toggle it to “Enabled”.
  3. Click “Apply” and then “OK” to close the window and activate the strategy.

 

2. Enable the Bot from the Control Panel

  1. Go to the Control Panel in NinjaTrader and open the Strategies tab.
  2. You will see a list of all the automated strategies you’ve configured.
  3. Locate the desired strategy and click the “Enabled” button next to it to turn it on or off as needed.

.

 

3. Confirm the Strategy is Active

  • Ensure that the strategy name appears in green in the “Strategy” field of the Control Panel.
    • This indicates that the strategy is running correctly.

Indicators and Trading Signals

Indicators and trading signals are essential tools for traders to analyze the market, identify trends, and make informed decisions. They provide visual and statistical insights into price movements, volume, and momentum, helping traders optimize their strategies.

What Are Trading Indicators?

Trading indicators are mathematical calculations based on price, volume, or other market data. They help traders identify patterns and predict potential market movements. Indicators are classified into various types, such as:

  • Trend Indicators: Identify the direction of the market (e.g., Moving Averages, MACD).
  • Momentum Indicators: Measure the speed of price changes (e.g., RSI, Stochastic).
  • Volatility Indicators: Assess price fluctuations (e.g., Bollinger Bands, ATR).
  • Volume Indicators: Evaluate the strength of price movements based on trading volume (e.g., OBV, Volume Profile).

How to Open a Chart

Follow these steps to open a chart in NinjaTrader 8:

  1. Go to the Control Panel and click on the “New” menu.

  2. Select “Chart” from the dropdown options. A new window will open.

 

In the new window:

  • Choose the Asset: Use the dropdown menu to select the asset you want to trade or analyze.

 

Set the Time Frame:

      • Under “Type”, choose the desired time interval (e.g., minutes).
      • Specify the amount of time to plot the price (e.g., 3 minutes).

 

Click “OK” to create and open the chart.

How to Use an Indicator

To use the indicators on NinjaTrader 8, follow these steps:

1. Access the Indicator Menu

  1. Right-click on the chart you just opened.
  2. From the dropdown menu, select “Indicators…”

 

2. Select the Desired Indicator

  1. A window will appear displaying all the indicators available on your platform.
  2. Locate Bluechip indicators in the “AlgoLab” or “BluechipIndicators” folders.
  3. Double-click on the name of the indicator you want to use.

3. Configure the Indicator

  1. After selecting the indicator, its properties will become editable in the window.
  2. Adjust the parameters to customize the indicator to your trading strategy or preferences.
    • Carefully review each parameter before making changes.
  3. Once you are satisfied with the settings, click “Apply” to activate the changes.

 

4. Finalize and Save

  1. After applying the changes, click “OK” to close the indicator configuration window.
  2. The indicator will now appear on your chart, ready for use.

 

Now you can fully customize and utilize the indicators for your trading activities.

Risk Statement:

Trading futures and forex carries substantial risks and is not for all investors. An investor could potentially lose all or more of the initial investment. Risk Capital is money that can be lost, without putting the person’s financial security or lifestyle at risk. Only risk capital should be used for trading, and only those people with sufficient risk capital should consider trading. Past results are not necessarily indicative of future results.

Statement of Hypothetical Results:

Hypothetical performance results must have many inherent limitations, some of which are described below. No representation should be made that any of the accounts will or are likely to have results similar to those shown; In fact, there are frequent differences between hypothetical results and the actual results obtained by any trading program. One of the limitations of hypothetical performance results is the fact that they are prepared with benefits in hindsight. Furthermore, hypothetical trading does not involve financial risk, and no hypothetical trading record can take into account the financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program regardless of losses are material points which can substantially affect actual trading results. There are many factors related to the markets in general, or to the implementation of any specific trading program, not all of which can be considered in the preparation of hypothetical results, all of which may adversely affect trading results.

Testimonials Disclosure:

The testimonials that appear on www.bluechiplab.io may not be representative of the experience of other users or clients and are not a guarantee of future performance or success.

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