Algo Trading Testing with NinjaTrader on Indian MCX Market

What is AlgOto ?

AlgOto is a trading platform developed on top of Zerodha Kite API , which lets Zerodha clients to use world's leading charting applications with Indian market data without paying or subscribing to additional market data service provider.

How AlgOto works ?

It works as a trading platform with functions allowed by Zerodha Kite API and it feeds market data to charting applications such as NinjaTrader. AlgOto by default comes with NinjaTrader bridge which lets you place orders from Ninja Strategies to Kite API.

What are the features of AlgOto ?

• Built-in NinjaTrader bridge
• BO, CO orders with limit price
• BO, CO orders at any market !!
• Bucket Order
• Auto Pre-Open Order firing

How to Understand Ichimoku Break out Trade set up on MCX Copper on 28.09.17

How to Understand Ichimoku Break out Trade set up on MCX Crude on 28.09.17

27 th Sep  Long Entry

Long @ Bar High 3426
Next Bar Open @ 3424
Stop Loss - Bar Low - 3212

28 th Sep MCX Crude
Gap up Opening 10 Points, High @ 3472 Crude, and CrudeM @ 3490

Price drastically reversed above 100 Points

Understanding of Ichimoku Cloud Analysis Trading System on Indian MCX Crude

Long Entry Rules :

1    1.      Price and Chiku Should be above Clouds

2    2.      Price Should Close 2 different ways based on Kijun, (i.e) First below Kijun and Second above Kijun.

Short Entry Rules :

1    1.      Price and Chiku Should be below Clouds

2    2.      Price Should Close 2 different ways based on Kijun, (i.e) First above Kijun and Second below Kijun.

b    Below Ichimoku Cloud HTF (1 Hour) Chart represents the Price move on 15 th Sep Contract 2017, CrudeOil on MCX Market. 

Long  Entry – As Per Rules

• Blue down arrow (Red Bar) highlights the Price Closed below Kijun, and Blue up arrow (Green Bar) represent the Price Closed above Kijun.

• Price and Chiku, Both are above Cloud.

On Sep 15th Trading Session, based on rules long entry was triggered

Long @ 3206 Bar High or 3199 Next Bar Open

Stop Loss – Bar Low – 3174 around 30 Plus Points

Target – 1 : 3 RR

16 & 17 Weekly Holidays and 19th September Contract Closing Day.

On 15th Evening Session Flat Move both Side 15 Plus Points
On 18 th 5 Points range Gap up Opening and went upside around 20 Points move upto 3226 High.

18th Sep Contract Roll over into October Contract, So on Sep 18 th Evening Session Long Entry Triggered on October Contract

20 th Sep  Long Entry

Long @ Bar High 3249
Next Bar Open @ 3247
Stop Loss - Bar Low - 3227

20 th Sep  Long Entry

Long @ Bar High 3249
Next Bar Open @ 3247
Stop Loss - Bar Low - 3239

21 th Sep  Long Entry

Long @ Bar High 3295
Next Bar Open @ 3288
Stop Loss - Bar Low - 3269

22 th Sep High 3428
23 & 24 Weekly Holidays

26 th Sep  Long Entry

Long @ Bar High 3292
Next Bar Open @ 3292
Stop Loss - Bar Low - 3281

26 th Sep  Long Entry

Long @ Bar High 3415
Next Bar Open @ 3405
Stop Loss - Bar Low - 3387

26 th Sep  Long Entry

Long @ Bar High 3415
Next Bar Open @ 3292
Stop Loss - Bar Low - 3281


 27th Sep Crude Inventory Time Orderflow Move from 8 PM

27th Sep Crude Inventory Time Orderflow Move Upto 9 PM

27 th Sep  Long Entry

Long @ Bar High 3426
Next Bar Open @ 3424
Stop Loss - Bar Low - 3212