1. Overview

The Bloodhound Auto Trader is an automated strategy that allows you to auto-trade your Bloodhound signals just like Raven or Blackbird, but much simpler.

Just use our Bloodhound statistics indicator to determine your most optimal exits & trailing stops. Then copy the settings to our auto-trader and start trading it live

The auto trader supports trading a scalp & runner and has numerous options to specify your stop loss, breakeven, trailing stop, and position sizing

 

1.1 Define your stop loss, breakeven exit & trailing stop settings

However, with the auto trader, we made it very simple to set up your strategy by allowing you to simply specify your

• Position sizing for your scalp & runner
• Stop-loss
• Break-even 
• Target
• Trailing stop
• Max daily profit/loss
• Trading sessions
• And which days of the week do you want the auto trader to trade

 

1.2 Supports scalps & runners

The Auto trader also allows you to specify all these settings for both a scalp & runner separately. No more fussing around trying to build things in Blackbird. Just simply fill in your desired stop loss, breakeven, target, and trailing stop for both the scalp & runner and you are ready to auto-trade your bloodhound signal.

 

1.3 Use our Statistics indicator to determine the optimal stop loss & targets 

Even better.. our Bloodhound auto trader fully integrates with our Bloodhound statistics indicator. This means you can use the Bloodhound statistics indicator to determine the perfect entries & exit settings and then copy those settings in the auto trader and trade them live

 

2. Strategy settings

3.1 Template

Here you select your BloodHound template. Note that these are not included, you should build your own BloodHound templates using BloodHound from SharkIndicators

3.2 Entry Logic

Here you select which logic from your Bloodhound template should be used for entries

3.3 Exit Logic

Here you select which logic from your Bloodhound template should be used for exiting trades. Note that this optional

3.4 Trade entry

Here you can how to enter a trade. When Bloodhound generates a buy or sell signal you can choose to enter at the close of the bar which generated the signal, or in real-time, the exact moment bloodhound generates the signal

3.5 Commissions

The commissions' settings allow you to specify the commissions you normally need to pay / trade. When filling in the trade statistics will use this in all the statistics to give you more accurate results.

3.6 Max open trades

Here you can specify the maximum number of open trades at any given time. For example, let's suppose that trade is currently running and that the maximum open trades is set to 1. If then another bloodhound signal would then occur, with this trade still running, then this 2nd BloodHound signal will be ignored since there is already 1 trade open, and the max. is set to 1 as well. If the max. was set to 2 then another trade would be opened.

3.7 Exit on opposing entry

If this setting is then the indicator will close any long trades when a BloodHound short signal occurs and vice versa

4. Position Sizing settings for Scalp/Runner

Under position sizing, you define how much you want to risk per trade for both your scalp and your runner. If you don't want to use a runner then you can just change its setting to trade 0 fixed contracts.

There are a couple of options:

4.1 Fixed contracts / trade

With fixed contracts/trade the indicator will always open a trade using a fixed number of contracts. For example, if you set this value to 3 then every trade will be opened with 3 contracts. And if you set it to 1, every trade will be opened with 1 contract.

4.2 Fixed Amount/trade

If you want to risk a certain amount of dollars/trade then you can select this option.  For example, let's say you want to risk a maximum of $150 / trade. In that case, you select Fixed amount/trade and enter 150 here. The indicator will then calculate the number of contracts it can trade for each trade based on the size of the stop loss. This means that for every trade your maximum risk will always be $150 and the number of contracts will depend on the size of the stop-loss.

If the stop loss is too big to trade even 1 contract then the trade will be skipped since the indicator cannot open a trade with the maximum risk you defined here

4.3 Percentage % trade

If you want to risk a certain percentage of your trading capital/trade then you can select this option.  For example, let's say you want to risk a maximum of 2% / trade. In that case, you select Percentage/trade and enter 2 here. The indicator will then calculate maximum risk in $ for each trade based on the size of the stop loss, the percentage, and the account size. When it has calculated the max. amount of $ to risk on the trade it calculates how many contracts it can use for this trade.

This means that for every trade your maximum risk will always be 2% of your account and the number of contracts will depend on the size of the stop-loss.

If the stop loss is too big to trade even 1 contract then the trade will be skipped since the indicator cannot open a trade with the maximum risk you defined here

4.4 Max contracts

You might want to limit the max. of contracts the indicator can trade. Especially when you have selected a Fixed amount/trade of percentage/trade. In those cases, the indicator will calculate the number of contracts it can trade for each trade.  Now if the stop loss is very small it could end up with too many contracts

With this setting, you can set the max. the number of contracts/trade the indicator should use.

 

5. Stop loss settings

The indicator allows you to define your own stop loss.

You can define your stop loss in

• Ticks
• Points,
• Amount ($)
• ATR

When selecting ATR you can also specify the ATR period and ATR multiplier to use. 

6. Break even settings for Scalp / Runner

 

Here you can specify if and when the stop loss should be moved to breakeven for both your scalp and runner.

You can specify your break-even point in

• Ticks
• Points,
• Amount ($)
• ATR\
• Risk / Reward

 When selecting ATR you can also specify the ATR period and ATR multiplier to use.

You can also specify an offset (in ticks) for the break-even. For example, let's say you set your break-even to the settings above. In that case, the stop-loss will be moved to break even when your trade is in 1.5 ATR profit

Now if you set the Offset(ticks) to 1, then the stop-loss will be moved to breakeven + 1 tick when your trade is in 1.5 ATR profit

 

 When selecting ATR you can also specify the ATR period and ATR multiplier to use. 

7. Take profit settings for Scalp/Runner

Here you can specify when to take profit for both the scalp & runner

You can specify your take profit in

• Ticks
• Points,
• Amount ($)
• ATR
• Risk / Reward

 When selecting ATR you can also specify the ATR period and ATR multiplier to use. 

Note that if you don't want a fixed target, for example, because you are using a trailing stop and want your trades to be closed only when the trailing stop is hit, then you can just set your take profit to None. In that case, your trade will be closed when it hits the trailing stop ( or stop loss)

8. Trailing stop settings for Scalp/Runner

 

You can enable a trailing stop for both your scalp and/or your runner

To do so you first define WHICH trailing stop you want to use. You can choose between 

• None
• Parabolic SAR
• ATR
• Chandelier Stop
• Or the previous bar hi / low which is often used when trading Renko bars 

Next, you define WHEN your trailing stop should be triggered/started. Here you have 2 options:

• ATR
• When trade is at breakeven (+ some offset)

With the first (ATR) option, you can tell the indicator that the stop loss should get trailed by the trailing stop when the trade is in profit by a specific ATR period & multiplier you specify. For example. This allows you to start trailing your stop when your trade is in 1.5 ATR profit

The other option is to start trailing your stop when your trade is at breakeven + some ticks. This allows you to start trailing your stops when your trade is 16 ticks in profit.

 

9. Daily loss/profit filter

The daily profit/loss filter will enable you to stop trading for the day when your daily profit target and/or your daily loss limit has been reached.  Use this if you want to set limits on how much you can lose or win per day

 

10. Weekday filter

The weekday filter allows you to restrict trading to particular days of the week. When abled the indicator will only trade the days you have selected checked and won't take any trades on the other days. 

 

12. Control panel

The control panel allows you to quickly

• pause or arm the strategy 
• whether you want to enable longs, shorts or both
• quickly move the stop-loss to breakeven
• or manually close the trade 

 

 

12. Features

• The easiest and quickest way to start trading your bloodhound signals
• Supports Bloodhound entry & exit logic templates
• No coding required
• Supports fixed or dynamic position sizing
• Supports scalp& runner each which its own position sizing, break-even, target, and trailing stop settings
• Define your own stop-loss based on ticks/points/dollars or ATR
• Define your own target break-even point based on ticks/points/dollars or ATR or risk/reward
• Define your own target based on ticks/points/dollars or ATR or risk/reward
• Comes with a day-of-the-week filter
• Comes with a daily session time filter
• Comes with a Max daily profit/loss filter
• Supports using ATR-based, parabolic SAR & chandelier stop  trailing stops
  
• Supports commissions
• Supports multiple open trades
  
• Can close trades if opposing bloodhound signal occurs
• Enter on bar close or realtime
• Control panel to easily pause/arm the strategy and enable only longs/shorts or both
• Works with any market
  
• Works with for any timeframe
• Works for with any bar type
• Works with all NinjaTrader versions
• NOTE!! This indicator requires Bloodhound to be installed

13. Changelog

31-dec-2022 v1.0.1.7 beta 

• added control panel 
• added stoploss type candle hi/low 50%
• fixed closing trading manually
• fixed exception when not using target orders

24-nov-2022 v1.0.1.5 

• added support for bloodhound version v8.2.1.88
  

10-nov-2022 v1.0.1.4 

• added support for adding an extra offset to the stop loss
• added support for placing the stop loss behind the previous swing hi/low

03-nov 2022 v1.0.1.3

• Updated to BloodHound v8.2.1.80

02-nov 2022 v1.0.1.2

• Updated to BloodHound v8.2.1.75 
• Added option to set stop loss below/above the previous candle hi/low
• Added Saturday & Sunday to the weekday filter for crypto traders

17-Aug 2022 v1.0.1.0

• Added option to skip any historical trade
  
• fixed issue when stop loss was too close to the current market price

14-Aug 2022 v1.0.0.9 

• Updated to bloodhound v8.2.1.54
  
• Added support for bloodhound exit templates
• Added support for real-time vs on-bar-close entries

14-Feb-2022 v1.0.0.8

• fixed warnings in ninjatrader log file

6-Feb-2022 v1.0.0.7

• fixed problem that strategy would not start if the BloodHound template is using multiple timeframes
• Fixed error when trying to import the strategy into ninja trader

2-Feb-2022 v1.0.0.6 

• added Parabolic Sar trailing stop
  
• added a trailing stop trigger which allows to user to specify from what point the trailing stop should start
• added an offset (in ticks) to the break-even settings so you can place the stop to breakeven + 1 tick
• Added setting to select the bloodhound logic entry template 

19-Jan-2022 v1.0.0.0 

• created product page
  

14. Disclaimer

This indicator requires that you have BloodHound installed. 

You can get BloodHound from Shark Indicators

15. Terms

All our indicators and packages come with

• a one-time fee only
• lifetime license for 1 pc (we offer 20% discount for 2nd licenses)
• includes free future updates
  

We also offer a 100% free 5-day trial of all our indicators allowing you to test our software before you decide to invest in it. Since you are able to test all our software before buying it all sales are final and non-refundable! 

 

16. Media