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Plan the Trade

  • #10,701
  • Feb 15, 2019 7:21am Feb 15, 2019 7:21am
hmm i might switch from amp to tradeovate
  • #10,702
  • Feb 15, 2019 7:23am Feb 15, 2019 7:23am
Quoting Divergence
a nice and quick day {image}
..like falling off a log . Your continued posting gives great encouragement. Thanks.
  • #10,703
  • Feb 15, 2019 7:30am Feb 15, 2019 7:30am
Quoting LookinGood
hmm i might switch from amp to tradeovate
why?
  • #10,704
  • Feb 15, 2019 7:41am Feb 15, 2019 7:41am
Quoting LookinGood
hmm i might switch from amp to tradeovate
i wouldnt do that i would switch to infinity they dont have that cqg stuff
  • #10,705
  • Feb 15, 2019 8:14am Feb 15, 2019 8:14am
Quoting bluejack
{quote} why?
I trade via the web.
Using tradingview through amp/cqp, there looks to be an extra 0.20rt. I'm already paying $300 annually for tradingview. I write scripts but nothing complicated. At first look, it makes more sense for me to cut both costs and just go with tradovate if they provide similar functionality with their custom scripts.
  • #10,706
  • Feb 15, 2019 9:05am Feb 15, 2019 9:05am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
Become the casino
  • #10,707
  • Feb 15, 2019 9:16am Feb 15, 2019 9:16am
Quoting LookinGood
{quote} I trade via the web. Using tradingview through amp/cqp, there looks to be an extra 0.20rt. I'm already paying $300 annually for tradingview. I write scripts but nothing complicated. At first look, it makes more sense for me to cut both costs and just go with tradovate if they provide similar functionality with their custom scripts.
you must've signed up with the pro+ package

Right now i'm just paying the monthly for pro ($180/year). honestly im thinking of downgrading to just basic now since i narrowed my indicators to just vwap and all i really need is one alert.
  • #10,708
  • Feb 15, 2019 9:36am Feb 15, 2019 9:36am
Quoting hilmy83
{quote} you must've signed up with the pro+ package Right now i'm just paying the monthly for pro ($180/year). honestly im thinking of downgrading to just basic now since i narrowed my indicators to just vwap and all i really need is one alert.
Heh, after looking at it. I could probably get away with dropping down to basic too. I have some custom indi's on during trading that highlight the time of day and round numbers. Everything else is are just random ideas i got that needed testing. Quite a bit of random ideas.
  • #10,709
  • Feb 15, 2019 9:45am Feb 15, 2019 9:45am
Yesterday Vday, i loaded up the charts, and set the 1 min chart to 5 mins to look at something. Got distracted by something at work, forgot it was on 5 mins. Market opened. I'm doing other things while waiting for a setup. After a while i'm wondering whats taking so long for 9:35 to get here. Look at the time its 9:52. I set the chart back to 1min, see a missed trade and call it a day. Not playing that game.

Today had my 3 targets, should have called it but i tried for 1 more.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 2019.02.15.PNG Size: 58 KB


+75t targets
-10t stops

net +65t * $5 = $325
$4.10 * 4 = -$16.40
Net +$308.60
  • #10,710
  • Feb 15, 2019 11:57am Feb 15, 2019 11:57am
Quoting hilmy83
{quote} you must've signed up with the pro+ package Right now i'm just paying the monthly for pro ($180/year). honestly im thinking of downgrading to just basic now since i narrowed my indicators to just vwap and all i really need is one alert.
Really? I have been dying to say only moving average based "tool" is more than enough.... VWAP is most likely good for directional bias but I need it to start calculating at a specific time either at my very first manual trade or at session start. The two delivered VWAP studies in Sierra has a delay for first few bars. Any idea how to make it start calculating right at the open of my candle of choosing?
Staying in my lane...
  • #10,711
  • Feb 15, 2019 12:05pm Feb 15, 2019 12:05pm
Quoting VEEFX
{quote} Really? I have been dying to say only moving average based "tool" is more than enough.... VWAP is mostly likely good for directional bias but I need it to start calculating at a specific time either at my very first manual trade or at session start. The two delivered VWAP studies in Sierra has a delay for first few bars. Any idea how to make it start calculating right at the open of my candle of choosing?
yes vwap is all i really need. i only need to know the direction and build positions around that. entry accuracy is never been my strong suit.

i remember there is a setting to set start/end time for sierra vwap.
  • #10,712
  • Edited 12:31pm Feb 15, 2019 12:19pm | Edited 12:31pm
Quoting hilmy83
{quote} yes vwap is all i really need. i only need to know the direction and build positions around that. entry accuracy is never been my strong suit. i remember there is a setting to set start/end time for sierra vwap.
yep. i know about the "Volume by Price" study has a start date/time setting but it does not work for me. I need it for all the history candles also and not just the last session. My chart also only shows the candles I trade. Everything else gets put in Evening Session which I don't select. This way, my market replay is much faster,
Here;s how my chart look with the regular VWAp indicator starting at 6:30 NYSE open. I want vwap to start at say 6:35 or 6:45 or whatever of my choosing and it should reflect only the current NYSE session volume from 6:30 onwards regardless of how many candles I filter out in my chart settings via morning and evening session
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 53 KB
Staying in my lane...
  • #10,713
  • Feb 15, 2019 12:37pm Feb 15, 2019 12:37pm
Quoting VEEFX
{quote} yep. i know about the "Volume by Price" study has a start date/time setting but it does not work for me. I need it for all the history candles also and not just the last session. My chart also only shows the candles I trade. Everything else gets put in Evening Session which I don't select. This way, my market replay is much faster, Here;s how my chart look with the regular VWAp indicator starting at 6:30 NYSE open. I want vwap to start at say 6:35 or 6:45 or whatever of my choosing and it should reflect only the current NYSE session volume...
I wrote a Vwap that you can adjust the starting time for tradingview if you're interested.

-----Code Start-----

study("Daily Vwap",overlay=true)

//Is this the start of a new session?
hr = input(title="Start Hour", type=integer, defval=8)
mins = input(title="Start Minute", type=integer, defval=30,minval = 0,maxval= 59, step = 1)
newH = iff(hour == hr, 1, 0)
newM = iff(minute[1]!=mins and minute == mins, 1, 0)
newSession = newH == 1 and newM == 1 ? 1 : 0

//Calculate current price adjusted volume sum for session
vwapsum = iff(newSession, hl2*volume, vwapsum[1]+hl2*volume)
volumesum = iff(newSession, volume, volumesum[1]+volume)
myvwap = vwapsum/volumesum

//For volume weighted standard deviation.
v2sum = iff(newSession, volume*hl2*hl2, v2sum[1]+volume*hl2*hl2)
dev = sqrt(max(v2sum/volumesum - myvwap*myvwap, 0))

plot(myvwap, title="VWAP",style = circles, color = #3993AB, linewidth=2)
plot(myvwap + (2 * dev),style = circles, color = gray, transp = 50)
plot(myvwap - (2 * dev),style = circles, color = gray, transp = 50)

-----Code End-----
  • #10,714
  • Feb 15, 2019 12:46pm Feb 15, 2019 12:46pm
Quoting LookinGood
{quote} I wrote a Vwap that you can adjust the starting time for tradingview if you're interested. -----Code Start----- study("Daily Vwap",overlay=true) //Is this the start of a new session? hr = input(title="Start Hour", type=integer, defval=8) mins = input(title="Start Minute", type=integer, defval=30,minval = 0,maxval= 59, step = 1) newH = iff(hour == hr, 1, 0) newM = iff(minute[1]!=mins and minute == mins, 1, 0) newSession = newH == 1 and newM == 1 ? 1 : 0 //Calculate current price adjusted volume sum for session vwapsum = iff(newSession, hl2*volume,...
WOW! Thanks man. I don't use TradingView. I am hooked on Sierra (for now) and once my algo works consistently, I will decide which server/cloud-based platform to port on.
Staying in my lane...
  • #10,715
  • Feb 15, 2019 1:21pm Feb 15, 2019 1:21pm
Quoting VEEFX
{quote} yep. i know about the "Volume by Price" study has a start date/time setting but it does not work for me. I need it for all the history candles also and not just the last session. My chart also only shows the candles I trade. Everything else gets put in Evening Session which I don't select. This way, my market replay is much faster, Here;s how my chart look with the regular VWAp indicator starting at 6:30 NYSE open. I want vwap to start at say 6:35 or 6:45 or whatever of my choosing and it should reflect only the current NYSE session volume...
Answer is here . . .
https://www.sierrachart.com/index.ph...n_Lines#Inputs

If you wanted a different start time each day (for whatever reason), look into an "anchored vwap".

@CG: happy to see you around, all the best.
  • #10,716
  • Feb 15, 2019 2:03pm Feb 15, 2019 2:03pm
Quoting Nik-Nyc
{quote} Answer is here . . . https://www.sierrachart.com/index.ph...n_Lines#Inputs If you wanted a different start time each day (for whatever reason), look into an "anchored vwap". @CG: happy to see you around, all the best.
Thanks Nik. My image above is using the same study as the link you provided. It works fine if my session setting under Chart > Settings has a start time of 6:30am and end of 1:00pm (NYSE session) but it moves around when I have the complete chart with both morning and evening session displayed (see attached image with both sessions enabled)

EDIT: you are right. I need an Anchored VWAP but Sierra does not support it without getting into some custom coding (based on what I briefly found on their support site)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 51 KB
Click to Enlarge Name: Image2.png Size: 47 KB
Staying in my lane...
  • #10,717
  • Feb 15, 2019 2:14pm Feb 15, 2019 2:14pm
Quoting VEEFX
{quote} Thanks Nik. My image above is using the same study as the link you provided. It works fine if my session setting under Chart > Settings has a start time of 6:30am and end of 1:00pm (NYSE session) but it moves around when I have the complete chart with both morning and evening session displayed (see attached image with both sessions enabled) EDIT: you are right. I need an Anchored VWAP but Sierra does not support it without getting into some custom coding (based on what I briefly found on their support site) {image} {image}

Weird . . . definitely should work with some settings tweaking. Perhaps sierra support board is required.

Anchored vwap, check below.

Attached Image (click to enlarge)
Click to Enlarge Name: anchored vwap.png Size: 44 KB


(after attaching, right click to anchor . . .also, no playing around with all the other user created studies, focus!)
  • #10,718
  • Feb 15, 2019 2:25pm Feb 15, 2019 2:25pm
Quoting Nik-Nyc
{quote} Weird . . . definitely should work with some settings tweaking. Perhaps sierra support board is required. Anchored vwap, check below. {image} (after attaching, right click to anchor . . .also, no playing around with all the other user created studies, focus!)
Yes! Focus is what I need bro. That is why I am desperately avoiding going the spreadsheet route! I am getting VERY close. Long directional and Short Directional algo as a study collection are working fabulously fine independently with manual selection of direction and both are spot on profitable if the direction is chosen correctly within the first 3 minutes of NYSE session open. Now the next logical step is to find my directional "trigger" to invoke long or short directional trades. I was also able to implement "equity stops" without the spreadsheet, plus replaced time based stops with something very unique I have not thought of in spotfx. All in all, decent progress made towards the end goal. I could go live on Monday with the manual trigger option :-

EDIT: are these custom studies safe to use? With C+ and dlls, shit can go wrong pretty quickly :-(
Staying in my lane...
  • #10,719
  • Feb 15, 2019 3:03pm Feb 15, 2019 3:03pm
Quoting VEEFX
{quote}EDIT: are these custom studies safe to use? With C+ and dlls, shit can go wrong pretty quickly :-(
Yes, sierra vets and compiles the code for each of the user studies they make available.
  • #10,720
  • Feb 18, 2019 1:38am Feb 18, 2019 1:38am
Can Sierra Chart through AMP be used to trade 2 accounts at the same time? Place trades in one instance of the platform and have the same trade executed in 2 accounts?
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