Cryptocurrency Trading with Nexgen- BTCUSD ETHUSD
configure and trade Bitcoin or Ethereum or any tradeable market
Nexgen's T3 Fibs ProTrader will give you an overwhelming advantage when trading cryptocurrencies. Note: at this time, you will NOT be able to execute cash crypto trading inside of Ninja Trader 8, so you will have to use a dedicated cryptocurrency exchange. One that preferably allows for both long and short positions to be taken. Ninja Trader 8 has prebuilt connections (FREE) for CoinBase data which will allow you to easily analyze the markets of your choice. To configure your connection in Ninja 8, see the following picture. You may also see detailed instructions provided by Ninja Trader at https://ninjatrader.com/ConnectionGuides/Coinbase-Connection-Guideconfigure CoinBase connection in Ninja Trader 8
IF you wish to use "SYNTHETIC TIMEFRAME" Fibonacci or Triggers on your charts. Please make sure you-DOWNLOAD you historical tick data like any other market for more than 30 days.
Trade the rules the same way you would using Nexgen's Fibonacci analysis, charts, and workspaces and your favorite cryptocurrency platforms such as ByBit.com or many others that will allow you to trade with leverage both the long and short side to day trade. The following is an example of Nexgen's ETH USD day trading workspace. The rules you will use for Crypto day trading are identical to day trading futures.
The following picture is an example from ByBit.com platform. Typically, traders would fund the bybit account with Tether. Tether must be purchased on another exchange such as Kraken. USDT would be on deposit with your exchange such as ByBit. Traders would then trade ETHUSDT or BTCUSDT as the contract. Please do your research on accessing these types of platforms. Traders who reside inside the USA or other countries may have special restrictions. There are many websites dedicated to this particular issue- one such example. Nexgen is not endorsing any platform nor suggesting violation of any platforms policies regarding who can use their services; this is merely an example for the sake of education for those who wish to trade Nexgen & Crypto
Below are example trades that you may take. Remember Ninja Trader does not support cryptocurrencies outside of CME futures markets which may be thin so use caution when trading those new futures products.
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