Crypto Currency Trading with Nexgen

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-Guide​
configure CoinBase connection in Ninja Trader 8
The existing workspaces pre-loaded in Ninja 8 do not run synthetic timeframe Fibonacci or Triggers on charts. We suggest you do not run this ninja trader feature at this time.
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. 
download historical tick data before opening workspace. 
Trade the rules the same way you would using Nexgen's Fibonacci analysis, charts and workspaces and your favorite cryptocurrency platform 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. 
Nexgen's ETH USD day trading workspace example
The following picture is an example from ByBit.com platform. Typically, traders would fund the bybit account with Tether. This much be purchased on another exchange such as Kraken. USDT would be on deposit. Traders would 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- o​ne 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
ByBit Platform connected VPN 
example of bitcoin long taken March 25th 2021 Trades are executed in Ninja (sim) this is for illustration
bit coin add on for the trade
Fibonacci rules and Fibonacci targets for a Bitcoin trade example

Management -Exit Strategies

Download-Use the Trade Tracking Sheet

Last modified 11mo ago

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