Trading has become a common means of earning today, but without a foolproof strategy, you tend to suffer losses. As a member of the NinjaTrader platform, you are provided with free NinjaTrader strategies for a new trade. With this in mind, let us look at the 5 free NinjaTrader strategies for new traders in this blog.

• Relative Strength Index (RSI) Strategy

Traders can use RSI in one of two very different ways: a shorter-term “hit and run” for day trading or an intermediate- or long-term investment based on sector trends.

If you are a new trader, methods that focus mainly on momentum are best suited for you, and yes — as one of the free NinjaTrader strategies, the RSI strategy does the work you need. The RSI indicates overbought or oversold levels so that you can trade based on market momentum. Remember that when your RSI value rises above 70, you must sell your position as it indicates overbought.

A market is oversold when the RSI falls below 30 — signaling a potential buy signal. From the long list of methods, this stands out as it gives you the means of anticipating reversals and how to capitalize on them through precise entries and exits.

• Bollinger Band Strategy

Bollinger Bands provide important information about market volatility and price behavior. This utilizes a moving average with two standard deviations (up and down bands). If prices reach the upper band, then that means the asset is overbought, and it may be time to shorten it.

Conversely, if the price reaches the lower range, a potential buy position could be signaled as the asset may have been oversold. Bollinger Bands' approach will allow you to spot price extremes, which means it is a less confusing way to stay away from bad bets and use volatility.

• Moving Average Convergence Divergence (MACD) Strategy

The MACD method is also one of the greatest NinjaTrader strategies that you might include in your arsenal. Both trends and momentum indicators are put to use while using this, which makes it ideal for trend reversal trading. The MACD line and signal line.

For instance, if your MACD line is above the signal line, it indicates a positive sign and vice versa. As a novice, it is extremely helpful because it indicates the shift in the market trends.

• Breakout Strategy

Breakout strategies involve seeking important support and resistance levels. A resistance is when the price breaks above, or support is broken below; then it may mean that a new trend can start. The breakout method would be useful for you in your newbie stage as it assists in finding massive market moves. The advantage of this is that there are substantial price swings from which you can profit early, thus providing good profit opportunities. It is a simple yet effective way to trade as you grow your trading skills.

Conclusion

These four free NinjaTrader strategies will form a good foundation for new NinjaTrader users like yourself. The more you practice, the better you will get at finding trends, reversing markets, and knowing when to buy/sell.

Source: https://ninzaco.livepositively.com/top-4-free-ninjatrader-strategies-for-new-traders/