Introducing: Remek! Momentum

Also available: Remek! Momentum for NT7

Remek! Momentum is a complete automated/semi-automated trading system that is based on innate volatility characteristics of financial markets. The observation that volatility comes in clusters is backed by data going back a hundred years: a forceful move away from market equilibrium tends to lead to another, similar move in the same direction after a regression to the mean. Please read the information below for details of the system and to see how Remek! Momentum may fit into your short-term investing aka trading activitites.

 

Introducing: Remek! Momentum Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

Prerequisites

To run the Remek! Momentum trading strategy, the following programs need to be installed on your machine:

  • Ninjatrader 7 or 8 (required)

  • BloodHound Ultimate (for NT7 or NT8, required)

  • Blackbird (for NT7 or NT8, recommended)

Remek! Momentum comes in two versions, for NT7 and for NT8. When you purchase the program, you purchase both versions.

 

Installation

  1. Run the install file.

  2. Open Ninjatrader 7 and/or Ninjatrader 8, depending on which one you want to install the system on.

  3. a) In NT7 go to >>File >> Utilities >> Import Ninjascript, and navigate to the folder …/Documents/Ninjatrader 7/Remek Indicators/Remek Momentum, and import the indicators therein one by one.
    b) In NT8 go to >>Tools >> Import >> Ninjascript Add-on, and navigate to the folder …/Documents/Ninjatrader 8/Remek Indicators/Remek Momentum, and import the indicators therein one by one.

  4. Generate your Machine ID EXACTLY as seen on this page, and send it to support@remek.ca

  5. Restart Ninjatrader.


Remek! Momentum on various timeframes, bar types Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

The basics

Remek! Momentum is a semi-automated system with the option to run the system in a totally automated mode. That said, as with any computerized trading strategy, trader discretion, disciplined execution and common sense are advised when using the program.

Remek! Momentum is programmed so that it can be used on any instrument available in NT8, on any timeframe and on any bar type, including backtestable bar types, with tick charts, time-based charts, range charts being the most popular choices. Experimentation with various settings is recommended to find the timeframe and the bar type that best aligns with your own trading style, preferred timeframe, account size and risk management rules. (To start, if trading intraday, start with 1000, 2000 or 3000 tick intraday charts, or, alternatively, 15 minute or 30 minute charts on your preferred instruments. Overnight traders can start with a 4hr or daily chart. Range charts can also yield excellent results, experiment with various settings, depending on the average volatility of the given instrument.)

Let’s see a few typical examples for various timeframes and bar types:

 

Using Remek! Momentum intraday

Figure 1. Remek! Momentum (intraday) template

After putting the strategy on the chart, a ‘dropdown’ menu will be seen at the top of the chart with two items: ENTRY and EXIT (Figure 2). Select ENTRY. Doing so will tell the system to start calculating the entry signals.

Note the large blue “Auto Enabled” button (Figure 2). That is the main switch. It must be switched on (and colour blue) for the system to take trades. When switched off (“Auto Disabled” and colour grey), the system will not take trades (although signals will still show on the chart).

Methodology

  1. Entry: The system waits for the market to make a significant move, aka momentum, to move away from equlibrium. On the chart this will typically shown as a forceful move that will push price to the edge of the Remek!Keltner. At that point, the system waits for price to return to the mid-area. As price leaves the mid-area again in the direction of the first momentum move, the system enters the trade.

  2. Trade management: Consistent trade management is paramount, and is ensured by the built-in algorithm. Parts of the trade management algorithm are build into the (non-editable) strategy file, and parts of it are built in Blackbird, where it is available for you to edit. As always, you should review the Blackbird (bbs) file, and customize it to your exact needs (number of contracts, initial stop, trailing stop rules etc.)

  3. Exit: In the included customizable bbs file, profits are taken at 3ATRs and 5ATRs, and the third contract (runner) is trailed. Profits are also taken by the built-in agressive profit-taking algo, which will take profits if and when price makes an extreme move outside of the Remek!Keltner channel.

Figure 2. Remek! Momentum with the strategy on the chart

Who Remek! Momentum is for

Remek! Momentum is ideal for those traders who do not want to be tied to any given bar type or timeframe, and want to apply a proven, time-tested methodology to the markets. The methodology is based on the objective observation that volatility begets volatility, and momentum in a direction tends to be followed by a similar momentum move in the same direction. While obviously no trading strategy or methodology will produce winning trades 100% of the time, when executed with discipline, Remek! Momentum’s accuracy and the achievable win/loss ratio can be the basis of a powerful trading program.

Figure 3. Remek! Momentum’s 4hr chart, a lesser-known, powerful timeframe alternative

Moving towards higher timeframes

Trading on ‘higher’ timeframes at the boundary of intraday and overnight trading can be a powerful alternative. Consider the 4hr chart on Figure 3. The 4hr chart is sufficiently above the meaningless and confusing intraday noise, while still offering the option to choose between exiting at the close of the day or staying overnight for potentially larger moves. Remek! Momentum’s entry areas are marked on the chart, including those few that would have resulted in a breakeven or losing trade. As you can see, with well-planned, disciplined trade management, excellent results can be achieved.

Next steps

If interested, you may download the 15-day fully functional trial version so you can evaluate how Remek! Momentum fits into your trading style, timeframe, lifestyle and individual circumstances. Since the strategy is fully backtestable on tick, range, volume and time-based charts, you will want to test-run the strategy on various timeframes and bar types, on your favourite markets and intstruments to see what combination yields the best results and what best fits into your trading plan.

The product is available for purchase in our shop. Upon purchase, one license for one machine will be issued. Any future updates are free for one year of purchasing the system (free maintanance period), after which date any subsequent upgrades will be available to license holders for a small fee. This allows us to further develop the program as new ideas, profit-taking and capital-preservation solutions, platform updates and/or more powerful hardware become available.

Remek! Momentum, updated today. Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

It will be our pleasure to provide guidance to all traders who decide to try out or buy the system. Please write to us and let us know how we can help.

These pages will be regularly updated, so please check back often!

Make sure you run the latest versions of Ninjatrader 8 and BloodHound/Blackbird as we fully transition to the NT8 platform.

Thank you and mindful trading!

Your Remek! Team