Unilateral Pairs Indicator for NinjaTrader On Hold

OK Guys…. I’m really sorry that I wasn’t able to get the NinjaTrader for Unilateral Pairs Trading Indicator put together… but IT’S NOT MY FAULT!! Honest!

OK. If its not my fault, then why the delay? Well, there’s a couple of little “technical” gotcha’s in NinjaTrader that are being worked out. NinjaTrader support is telling me that when NinjaTrader 7 comes out this fall/winter that all the technical components I need to accomplish the Unilateral Pairs Trading Indicator will be included.

So what “technical” issues are we dealing with? Well…. its simple in nature really. You see, in order for me to implement James Altuchers Unilateral Pairs Trading Strategy that he talks about in his highly acclaimed book Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits (Wiley Trading), I need a function called “Correlate” that … well….. finds the mathematical correlation value between two symbols. So why can’t I do that? Well, at this time, NinjaTrader doesn’t allow for two different symbols to be referenced in an indicator. So I can get the data for the two symbols and identify what the correlation is between them, which is (partly anyhow) what determines the standard deviation values that are derived for the buy/sell signals.

Now I don’t want anyone to badmouth NinjaTrader over this…. They are working very diligently on this, and even gave me several alternate methods to try. Unfortunately, as with most work-arounds, they were designed with a different purpose in mind, and were ultimately unsuitable for the Unilateral Pairs Trading Indicator

In fact, I’d really rather that everyone that has genuine interest in having this indicator, go to the NinjaTrader support forums, and let it be known that we Absolutely Require Multiple Symbols To Be Referenced in Indicators, so that more quality NinjaTrader indicators can be created. In fact, if you want a starting point, here’s the thread I started

So where does this leave me for writing NinjaTrader indicators? There’s still a whole wide field open for indicators…. and I’m just getting warmed up!!

So keep those requests coming, and I’ll keep delivering!!

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   TazaTek is a leading provider of indicators and strategies for all major trading platforms, including NinjaTrader, TradeStation, eSignal, MetaTrader, MetaStocks and more.