The Best NinjaTrader Position Sizing, Order Entry & Advanced Trade Management
User Interface
Adaptive Risk Management, Dynamic Position Sizing Money Management, Order Entry,
& Advanced Trade Management are some of the features of the most advanced standalone
or strategy integrated solution provided for NinjaTrader.
Out of the box functionality & C# developer API for 3rd party strategies. Volatility
stop, or static stop constant position sizing with auto pip and margin calculation
for Forex, static or dynamic adaptive position sizing for Futures & constant
position sizing for equities. Trailing stops, auto break even, session time filtering,
stand alone or strategy integrated mode.
Free Position Sizing, Order Entry & Trade Management API
The API lets you use the MT Easy Trader can be used in your own NinjaTrader strategies
in seconds, just takes 2 lines of code, providing you with a an unparrelleled level
of control,speed & sophistication.
NinjaTrader 7 powered
The MT Easy Trader is then a melting of many years of development and trading experience
and so has been assembled and ported into the MicroTrends Strategy Base API for
NinjaTrader in 2009 publicly but was used prior in MicroTrends private client commercial
projects within NinjaTrader 6.5 many years prior, this is then a unique chance for
a retail trader to acquire & use instituionally developed software for FREE!
MT Easy Trader is 100% Free for Realtime Demo NinjaTrader Trading
100% free & unlimited for demo sim trading, testing & development - no funds
required, no payment details, no obligation, no hard sales, no hassle, no money
first refund later!
MT Easy Trader Pricing
Please visit IndicatorStrategies.com
for leasing or purhcase details.
History of MT Easy Trader
MT Easy Trader is created using financial algorithims & software design patterns
in the mid 1990s
Position Size & Order Submission UI History
The MT Easy Trader is simply a presentation layer, which MicroTrends has been using
to deliver risk management and money management, order entry and advance trade management
solutions to private clients over the years, now made available for retail traders.
It simply an user interface, which for the code junkies out there is data bound
to the MicroTrends Strategy Base C# trade engine. The User Interface design was
based on the Trade Buddy Position Size & Order Entry Trading Desk which was
based on some software patterns used in the leading global trading institutions
in the 1990s. Trade Buddy was a windows application which used to bind to trading
desk applications created in Windows technologies via OSI and Control Accessibility
properties &, and would simply pass in order & quantity messages, which contained
the position size calculator output through to the host trading client. So to anyone
working for G&S and FDM Group PLC around 1998 you might remember something similar,
this is just its latest evolution!
Effectively its a position size calculator internally coded inside the MTStrategyBase
C# base class, the calculated position is simply used as the quantity for all orders,
it can be static or dynamic. There is nothing new about that at all and any developer
of any commercial standing will already know that any anti martingale position sizing
routine will most likely use fixed fractional position sizing somewhere along the
line. There are other higher risk money management techniques such as Kelly Optimal
F – but are dangerous to most traders. Any program is likely to have some of configuration
file and interface for a trader to set the percentage of the position size calculator,
whether it is a file reader, console or UI. In the case of the MTStrategyBase it
can be altered after starting the strategy in real-time, either through the strategy
property grid or via the windows controls on the MTEasyTrader interface, the additional
benefit of the MTEasyTrader is that is lets you enter orders manually as well as
fully automatically via a strategy signal rule for order entry.
There are some that seek to patent this technology but sadly for those types who
want to it's around 20 years too late. One might think this is unique and revolutionary
but money management of this kind was widespread in the mid 1980s, a position
sizer calculator that passes the quantity for order submission is not an inventive step, its
used in 1000s of strategies world wide with or without a realtime interface to change the % risk.
The User interface however is fairly unique in its layout, but even Trade Buddy the UI that gave the design pattern to the Easy
Trader was 15 years after the fact of fixed fractional position sizing calculators. It's strength was its simple
UI design, and the way it integrated in a flexible way with many trading applications,
simply mapping external controls to those of the trade platform, this was essentially
distributed freely & replicated used internally by major GIB's, even by some
who integrated a simple UI into Excel and routed orders or manually entered/passed
them on.
MT Easy Trader is not a pioneer or even revolutionary in money management terms,
the algorithms & interface design is already public knowledge therefore robust,
definitely not patentable & quite common place within trading development circles
for screen traders, however even today within the retail trading market end to end
position size, order entry systems are less universally integrated as generally
traders use a fixed lot size, dependant on account size. This is a great opportunity
to utilise a solution normally found within a custom trading platform.
So What's all the fuss ?
So what's the fuss? MT Easy Trader is unique when you examine the whole picture
of what it can deliver, its integrated advanced trade management features which
have no rival currently in the NinjaTrader market place.
MT Easy Trader has drawn on those popular design features from it's ancestors, but
also provides a complete package of risk management, money management, margin calculation
and pre trade size validation, dynamic position sizing, fixed fractional & constant,
order entry & advanced trade management, including break even stops, trailing
stops, exit strategies, multiple settings persistence, customisable rules and development
API.