New and have a few questions

[xraptorx]

Hi All,

This is probably the incorrect forum, but I do have some questions related to automated trading as that is my goal in the end. If there is a better place to post general questions for a newb, please let me know

I am thinking about starting to trade and test some strategies with NinjaTrader. Having said that, I am really new to this. Currently I have my trading on Fidelity.

I am considering moving to IB as broker and NinjaTrader for the front office trading platform.

Regarding the Trading, I have been listening to Trendfollowing.com and will probably start with one of his strategies or one of my own which looks at end of day prices on equity and forex markets. Some of my questions about this are listed below. This is just a brain dump and shotgun blast on my questions

1. Can a end of day price strategy which compares today's price with prices over the last 140 days closing prices (average momentum) be programmed? I currently have this in Excel across several worksheets.


2. What monthly fees should I be expecting for automated trading across forex, commodities, equities ( us and foreign markets) via IB and Ninjatrader?

3. Can I test my strategies for free or will paid data feeds be needed to get minute, 5 min, hourly, 4 hour, daily etc prices for commodity, Forex and equity prices?


Thank you and best regards

Xraptorx

[NinjaTrader_JC]

Hello Xraptorx,

Welcome to the NinjaTrader Support Forums!

1. Yes, this would be possible to do inside of NinjaScript but for using today's prices you would have to be connected to a live data provider as the Kinetick - End of Day (Free) would not be able to get any of Today's prices in NinjaScript.

2. For this you may want to check IB's website, for this specific information.

https://www.interactivebrokers.com/en/index.php?f=commission&p=fx

3. You will need access to real-time data and intraday data to test this out yes, but you may still use the Free Edition License Key to NinjaTrader to test all of this on the Sim101 account.

Most broker's offer a trail or demo account that you may test out so you can see if it will work for you. You may try to signup for a demo account from IB at the following link.
Click Here