Trader Question: “what is the best algorithmic trading system and settings for automated day swing trading?”
Regretfully it is not compliant or legal for us to state which system or settings are best or what recommendations as this is legally construed as trading or investment advice we are not regulated or licensed to do and can even result in imprisonment in Europe.
What we can legally provide, is a recommended route for getting to grips with the trading technology and as stated here:
The recommendation is to start with MTDS SDK USAR which is a trend system – and to apply that/ learn the parameters and filters and later you can progress to the MTu7 diversified trading suite etc.
NinjaTrader sim/demo trading is always free forever so you can take your time and not rush and find you what can be viable for you, your capital, risk appetite and style etc using statistical evidence gained from hands on experience which provide you with the belief in a system in order to match it to yourself and trade it and stick with it etc. It is advisable to procure substantial data and to carry out a professional testing process in order to avoid recency bias and curve fitting – this can take a lot of time – weeks/ months/ years – you are not penalized for your research and all is free – until live trading requires a license etc
Paid versus Free
Free users get assistance to get installed and up and running etc and access to all areas for articles and resources
Paid for user do get in depth support for settings and templates to match their treading goals + all the other resources
Please see out support model: https://microtrends.co/support-help-center/support-policy/
Trading and investment carry a high level of risk, and MicroTrends Ltd does not make any recommendations for buying or selling any financial instruments. We do not offer trading or investment advice. We are a software company and we only offer educational information on ways to use our sophisticated MicroTrends trading tools. It is up to our customers and other readers to make their own trading and investment decisions or to consult with a registered investment advisor. In using this website or MicroTrends products & services you are bound by our Terms and subject to UK legal jurisdiction only, standard terms apply errors and omissions excluded.