BH Enhancements Thoughts (smartly control strategy running)

Hi BH Team .... I am so happy to come across your product Bloodhound for Ninjatraders, it is awesome to see such a powerful tool available.    I told time and reviewed an hour and half long video titled Fully Automated Trading and seem didn't see a feature that I am looking for.  NinjaTrader is a great trading platform, also many useful off the shelf indicators and strategies are availble to purchase, most strategies will work well and make profit during trends with volume, unfortunately most will perform poorly during whip saw or trading in narrow channel then cause drawdown.   I am hoping to see BH in the future to provide a feature to pause a strategy temporary when an indicator detected in price consolidation, until price range breakout then resume the strategy.  I notice most available strategies out there contain a button that allow a trader to toggle on or off manually, not same as disable and enable, I am looking a feature in BH to smartly control the strategy running status in conjuction of using indicators to toggle pause or resume strategy. You guys are great, thanks for a great product.  

Ray

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2 Comments

  • 0
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    Zac

    Hi Ray,

       Using BH's Logic nodes in combination with your indicator that "detects price consolidation", or as we call it a "filter", will prevent BH from producing a signal to Raven.  In short, BH will not produce a signal if your filter blocks it.  That is one of the purposes of Logic nodes.

       I have given many simple examples on using  trade filter in our Workshop webinars.  I would suggest watching some of the recorded Workshops, starting with Finding Congestion.

       Your request for "a feature in BH to smartly control the strategy" is not possible the way you propose it, because BH is an indicator and indicators can not control the "running status" of a strategy directly.  However, we do have an answer to this and what you are requesting.  Falcon will be the fully featured strategy component for BH.  Falcon is a very powerful and feature rich strategy that has BH components built into it to manage Profit target & Stops, and works hand in hand with BH.  Falcon will do everything you have asked for and more.  There isn't a release date yet, but we hope to release a beta version by the end of this year or the beginning of next year. 

    I hope this helps.

    Zac

  • 0
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    rayleung

    Hi Zac,

    You have answered my question very well, I'm looking forward to the upcoming release Falcon to manage strategy.  Thanks for taking time to address my concern!

    Ray
     

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