Tips & Tricks Videos
Archive for the ‘Tutorials’ Category
Raven is the strategy component to BloodHound, allowing you to auto-trade an existing BloodHound template.
To set up Raven and view it in action, you first must open up a chart. For the sake of simplicity, if you have BloodHound already on the chart we recommend removing it (because Raven will add it back on). To do this, right click the chart and select Indicators. Find SiBloodHound on the bottom right and click Remove.
Next be sure you have chart trader disabled (note: chart trader must be disabled, not minimized). To do this click the icon on the top of your chart that looks like this.
Now also ensure you are connected to a data-feed (strategies are disabled when you do not have a connection).
Right click the chart, and click “Strategies”, and select “SiRaven”. Click the “New” button.
Scroll up to the top, and under template, load the name of the BloodHound template by clicking the ellipsis button on the right. The BloodHound interface will now pop-up, empty. Go to File->Open and select the name of the template you would like to load, then click OK.
Next select the Entries logic (if applicable) by selecting it from the dropdown. Similarly you can select the exit logic (if applicable).
If you look further down you will see under Trade Management, you can enter your desired Profit Target, Stop Loss and whether or not you would like your stop loss to be a trailing stop. Lastly, if select the parameter for “Manage Trades Using”, you’ll notice a drop down where you can apply a NinjaTrader ATM instead to manage your stops.
When you’re ready click “OK” to close the settings. To activate the strategy, now go to your control panel and click “Enable” by the strategy.
Note: in order to see the trades on your chart with the ATM, using chart trader, you will have to open up a separate chart with the same instrument, and activate chart trader on it – click the toolbar button on the top of the chart that looks like this:
For more information on Raven, see the documentation here.
In the Tips & Tricks video you will learn how to us the Time Session solver to create an Exit Logic template for use in Raven that will flatten any open positions at the end of the day or whatever time you choose. This can easily be added to an existing Exit Logic that you may already have by simple joining them together with an OR node.
Not sure if your downloaded or 3rd-party indicator will work with BloodHound or if it provides the signal data you see on the chart? This video looks at a hand full of custom indicators to teach you how to determine whether there is an output value of the “signal” you want to feed into BloodHound.