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  • #181
  • Quote
  • Nov 18, 2023 9:49am Nov 18, 2023 9:49am
Quoting kthrapp350
This is how my screen looks when they are all together. 233 tick chart on top. Followed by the 3R Range chart and then the 610 tick chart. This is on one monitor. I have three monitors with other info on them. But this is my main trading screen. I posted them separate earlier so that people can see how each chart is set up. This is just the basic Ninja trader 8 platform with their free indicators that you can find any where. How someone constructs the charts is up to them. This my basic set up. Everyone have a very blessed night. Jesus is Lord....
Dear K, just double-checking that this is your main monitor having all 3 charts together like this. What information do display in other 2 monitors please?
  • #182
  • Quote
  • Nov 19, 2023 10:39am Nov 19, 2023 10:39am
Quoting kthrapp350
The first hour of trading today. +32 ticks. 7 winners and 2 Break even trades. {image}
Dear Reverend:

We have over the years developed an identical method of trading instrument ES so I can confirm it works. In fact, this may possibly be the methods that gives statistically the highest ratio of wins vs. losses, say 85% to 90% / 15% to 10%.

The difference is that while we have been aware of the multiframe concept, we are trading only on the 610 Tick chart without resorting to 233. There are two reasons:
1. We see that whenever there is a signal on 610, it is even farther on 233. Thus, did you have statistically verified the fact that in some or in certain specific markets the use of 233 protects against losses? (This may be your way to protect yourself in horizontal markets, but I am conjecturing.)
2. Looking at the signal on 610, then going to 233 to confirm it appears to take too much time.

Our way to protect ourselves in horizontal markets is as follows:
3. We use EMA 34 and EMA 52. When they are going horizontally for a number of 610 bars or when they are on the top of each other, we stay away.
4. This is coupled with judging the amplitude of the price by looking at Bollinger Band (2,13). (We use BB (2,13) rather than BB (2,20) as BB (2,13) seems to express the price range more closely and therefore, for us, better.) When BB (2,13) is only 2.0 to 2.5 points wide, coupled with the Item 3. above, we stay away.

We also use Donchian Channel 13 for "chasing the trend." While there have been many claims on this forum about the efficacy of such method, we found it works
with a high probability not when Donchian turns up for purchase or down for sale but Donchian must exceed a previous rather distant high for purchase and a distant low for sale. (How distant? We could write a book about it.)

Friday, November 17, 2023, was an extremely slow and low-volume day. We would be therefore interested in seeing your chart for Friday, November 17 to see how you handle such days. If you were not trading, could you please replay the first 60 minutes of November 17 for us? Thank you!
  • #183
  • Quote
  • Nov 19, 2023 11:23am Nov 19, 2023 11:23am
Quoting Eurorally
{quote} Dear Reverend: We have over the years developed an identical method of trading instrument ES so I can confirm it works. In fact, this may possibly be the methods that gives statistically the highest ratio of wins vs. losses, say 85% to 90% / 15% to 10%. The difference is that while we have been aware of the multiframe concept, we are trading only on the 610 Tick chart without resorting to 233. There are two reasons: 1. We see that whenever there is a signal on 610, it is even farther on 233. Thus, did you have statistically verified the...

I like that idea. I usually leave the the moving average out on the BB's and instead put a 34 EMA in there. Then a shorter EMA and basically follow the same principle. Good train of thought here. I can see how it work. By the way on different instruments I use different tick counts depending the daily volume. Just takes a little trial and error to find what you like personally.

And I try a lot of peoples systems for myself because I like to learn and see what does and doesn't work. many of them do work, but I basically end up in the same trades. So the work about the same just different methodology. This is just a place for Idea's. and what works for me personally.

I will put your averages on a chart on one of my other monitors with the same setting and check it out.

thanks for the post!
  • #184
  • Quote
  • Nov 19, 2023 12:34pm Nov 19, 2023 12:34pm
Quoting kthrapp350
{quote} I like that idea. I usually leave the the moving average out on the BB's and instead put a 34 EMA in there. Then a shorter EMA and basically follow the same principle. Good train of thought here. I can see how it work. By the way on different instruments I use different tick counts depending the daily volume. Just takes a little trial and error to find what you like personally. And I try a lot of peoples systems for myself because I like to learn and see what does and doesn't work. many of them do work, but I basically end up in the same...
Thank you for your answer. I have one more question for you:
You are saying that your profits are 4 to 6 ticks each. You are not saying whether you are using any ATM in Ninja Trader 8 with a Stop or a Target or both.

We find that in a volatile market with a rather small amplitude it is difficult to hit our target with a Close button or a Hot Key Close button because the price
may drop precisely when we hit the close button thinking we have four ticks profit.

Also, while hitting the profit of four ticks with a Target in ATM is easier, we find that with the Close button we get one or more ticks less.
On the Stop side, we use a fixed stop of 2.0 points in ATM. Psychologically, it may be tempting to move the stop toward a larger stop to avoid being taken out. But time and time again we find that the better strategy would have been to take the loss and go onto another profitable trade in the opposite direction that is negated by increasing the Stop.

We occasionally see on your charts that you either braved the loss of up to 4.0 points and won but also you may have lost 3.0 points in another instance. We also experience on same days - occasionally - a sudden movement of price by several points against our trade. This happened several times in one day recently (I do not mean those instances when the market goes crazy and we are able to predict that because it has to do with an announcement of economic data on the calendar). Without a Stop of 2.0 points, this would have meant a loss of several points in several cases.

Thus, are you using a Stop or a Target, or both, in a Ninja Trader 8 Automated Trading Strategy (ATM)?
  • #185
  • Quote
  • Nov 19, 2023 2:01pm Nov 19, 2023 2:01pm
Quoting Eurorally
{quote} Thank you for your answer. I have one more question for you: You are saying that your profits are 4 to 6 ticks each. You are not saying whether you are using any ATM in Ninja Trader 8 with a Stop or a Target or both. We find that in a volatile market with a rather small amplitude it is difficult to hit our target with a Close button or a Hot Key Close button because the price may drop precisely when we hit the close button thinking we have four ticks profit. Also, while hitting the profit of four ticks with a Target in ATM is easier, we...
So I have not been using the Atm. Mostly I am pretty good at my stops. Some times I just go with my gut. That experience thing comes in handy. But I agree most of the time it is best to take the small lose and then just move on to then next trade. When I get in I usually set a limit at my profit target. Some times the quote show it is at that price but a trade does not actually happen there and I miss a trade by a tick. that does happen. I do not trade the news I let it pass and then go about my business.

Most of my trades are on the 610. Depends on the PA for the day. but the 610 entry with a 233 exit if it doesn't hit my target usually means a small profit or a small loss. I use a 1500 tick and 610 and 233. so if the 610 gives a buy let's say and the 1500 is still a long ways away from giving a buy I pass on that trade. many times the 610 will turn back and continue to follow the 1500 tick chart. then I would enter in that direction.

In a strong trend I use the 233 for entries only in the direction of the longer term charts. This works best early in the trend. I might use that entry 3 or 4 times and then skip the later ones. Just because the risk factor goes up to much and I end up 50/50 on those trades.

Feel free post your charts if you would like. I'm sure many appreciate your input.
  • #186
  • Quote
  • Nov 19, 2023 6:36pm Nov 19, 2023 6:36pm
Quoting kthrapp350
{quote} So I have not been using the Atm. Mostly I am pretty good at my stops. Some times I just go with my gut. That experience thing comes in handy. But I agree most of the time it is best to take the small lose and then just move on to then next trade. When I get in I usually set a limit at my profit target. Some times the quote show it is at that price but a trade does not actually happen there and I miss a trade by a tick. that does happen. I do not trade the news I let it pass and then go about my business. Most of my trades are on the 610....
Powers that be do not seem to like my post. Let us see whether it works this time:
Thursday, Nov 16, 2023, 9:30 am to 10:30 am NY time (new money coming into the market is usually exhausted by 10:30 am regardless of the overall volume though it is possible to trade successfully much later in the day if you have patience; Thursday was a moderately slow day)

ATM Stop 2.0 / Target 1.5 and 1.0, 2 contracts per trade: 9 trades, 7 wins (1.0 p., 1.0, 1.0, 1.5, 1.0, 1.0, 1.0), 1 loss (1.25), 1 even
Total profit $625 (12.50 points at $50 a point) minus $79.20 ($4.40 per contract for 18 contracts) in commissions for the net of $545.80

Note: The last trade on the attached charts was unwanted 4 contracts instead of the intended 2 contracts. This is an affliction of Ninja Trader that has its origins in Microsoft Windows: Unless you take a great care not to hold your mouse longer than necessary (which mean you must hit it only briefly), the platform will place more than one trade at the same time. This seems to be an even bigger problem if you program "Hot Keys" for the executions of trades so we do not use "Hot Keys" at all except for "Close."

Attachment g
Attachment g
  • #187
  • Quote
  • Nov 19, 2023 7:14pm Nov 19, 2023 7:14pm
You should be able to save the chart to your computer and just upload it through FF into a post that everyone can see. I could not open the attachment as it said I do not have the credentials. interesting.
  • #188
  • Quote
  • Nov 19, 2023 7:37pm Nov 19, 2023 7:37pm
My trades from yesterday morning. 1500 tick chart. 59 ticks for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 11-19-23-1.png Size: 115 KB
  • #189
  • Quote
  • Nov 19, 2023 7:39pm Nov 19, 2023 7:39pm
610 chart


Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 11-19-23-2.png Size: 115 KB
  • #190
  • Quote
  • Nov 19, 2023 7:42pm Nov 19, 2023 7:42pm
610 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 11-19-23-3.png Size: 109 KB
  • #191
  • Quote
  • Nov 19, 2023 7:43pm Nov 19, 2023 7:43pm
233 tick chart
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 11-19-23-4.png Size: 142 KB
  • #192
  • Quote
  • Nov 19, 2023 7:43pm Nov 19, 2023 7:43pm
233 tick chart
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-23 11-19-23-5.png Size: 140 KB
  • #193
  • Quote
  • Nov 19, 2023 7:56pm Nov 19, 2023 7:56pm
Quoting kthrapp350
You should be able to save the chart to your computer and just upload it through FF into a post that everyone can see. I could not open the attachment as it said I do not have the credentials. interesting.
Correct, I did exactly as stated. I tried two times. As I said, the power that be may not like my post. I sent them a message asking them what is going on.

What is going on may be that they truly do not like my post. The reason is as follows: A while ago there was a "technical specialist" from a broker who was running her mouth about Bollinger Band saying nothing. The tread was called "How to use Bollinger Bands." Those who knew nothing about BB were falling all over themselves praising the author. I said that there is a difference between a descriptive model / explanation and an explanatory model / explanation. That is to say, after reading the post one has to understand (1) the purpose and (2) how to use it, and not merely that it has lower and upper bound and that the distance between the two increases with volatility and (3) how to fit BB to your market.

Unhappily, FF never published my post.
  • #194
  • Quote
  • Nov 19, 2023 8:02pm Nov 19, 2023 8:02pm
Quoting Eurorally
{quote} Correct, I did exactly as stated. I tried two times. As I said, the power that be may not like my post. I sent them a message asking them what is going on. What is going on may be that they truly do not like my post. The reason is as follows: A while ago there was a "technical specialist" from a broker who was running her mouth about Bollinger Band saying nothing. The tread was called "How to use Bollinger Bands." Those who knew nothing about BB were falling all over themselves praising the author. I said that there is a difference between...
Hopefully it will get fixed. Have a blessed night. Not sure about trading this week. It seems that Many are already gone on vacation for the Holiday week here in the States. So probably going to be slow PA. And I have a slow week a church because of Thanksgiving so I should get out a little.

Have blessed night!!
  • #195
  • Quote
  • Nov 19, 2023 10:20pm Nov 19, 2023 10:20pm
Quoting kthrapp350
{quote} Hopefully it will get fixed. Have a blessed night. Not sure about trading this week. It seems that Many are already gone on vacation for the Holiday week here in the States. So probably going to be slow PA. And I have a slow week a church because of Thanksgiving so I should get out a little. Have blessed night!!
I also expect low volume this week.

BTW, I know that you mentioned Williams R%. I am using Williams R 14 instead of Stoch RSI 20. They are nearly identical but it seems to me that a few peaks on Williams R 14 are a little lower so it eliminates some losses.

Also wishing you a blessed night !
  • #196
  • Quote
  • Nov 20, 2023 2:06am Nov 20, 2023 2:06am
Is there a way to simplify this by creating an indicator that displays the RSI, CCI, Williams, MACD as red/green blocks (based on the criteria) at the bottom of the 610 tick chart?

Or even better, creating a multi-timeframe indicator that would show the 233/610/1500 as small blocks for the RSI/CCI/Williams/MAC/etc.

Look at this indicator (look below the chart) as an example for what I'm thinking about. See those small blocks? What if that was added to simplify things?: https://www.forexfactory.com/attachm...0?d=1679842660
  • #197
  • Quote
  • Nov 20, 2023 7:36pm Nov 20, 2023 7:36pm
Quoting r56p
Is there a way to simplify this by creating an indicator that displays the RSI, CCI, Williams, MACD as red/green blocks (based on the criteria) at the bottom of the 610 tick chart? Or even better, creating a multi-timeframe indicator that would show the 233/610/1500 as small blocks for the RSI/CCI/Williams/MAC/etc. Look at this indicator (look below the chart) as an example for what I'm thinking about. See those small blocks? What if that was added to simplify things?: https://www.forexfactory.com/attachm...0?d=1679842660...
Here is my five cents: This may be the same misconception as with digital vs. analog display in cars for instance:

For it is not only the question of all indicators in the red or green. The important piece of information when I am trading is the line representing the indicator to judge the actual value in relation to its midband, the slope and the speed of change in the indicator
  • #198
  • Quote
  • Nov 20, 2023 8:52pm Nov 20, 2023 8:52pm
This is how my charts look on the Monitor. I do not need to see all of the days PA on the 610 and 233 charts. I all ready know where my Support and resistance levels are. The most import indicators for me are the CCI and the Stock-RSI. The CCI gives me my entries and Stoch-RSI shows me the momentum. If the CCI on the 1500 and 610 show a buy a signal I wait to make sure the Stoch-RSI agrees. If they do not agree then there is not any momentum and the trade rarely works out. I do not take entries of a trade with Stoch-RSI. But I will exit a trade if it turns against the trade. That means momentum is weakening in that direction.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 155 KB
  • #199
  • Quote
  • Nov 20, 2023 10:28pm Nov 20, 2023 10:28pm
Quoting Eurorally
{quote} Note: The last trade on the attached charts was unwanted 4 contracts instead of the intended 2 contracts. This is an affliction of Ninja Trader that has its origins in Microsoft Windows: Unless you take a great care not to hold your mouse longer than necessary (which mean you must hit it only briefly), the platform will place more than one trade at the same time. This seems to be an even bigger problem if you program "Hot Keys" for the executions of trades so we do not use "Hot Keys" at all except for "Close." 4594321 4594322
This tutorial will show you how to change the keyboard character repeat delay for your account in Windows 10 and Windows 11.
You can change the keyboard character repeat delay and rate for when you press and hold down a key.

The repeat delay is the pause between pressing a key and when it starts repeating.
The repeat rate is the speed at which it repeats.

In Windows 10 and 11: Control Panel / Keyboard / Keyboard Properties
  • #200
  • Quote
  • Nov 21, 2023 11:08am Nov 21, 2023 11:08am
I am still unable to paste any charts in these messages, waiting for FF response.

Nevertheless, in today's market ES 12-03, horizontal market from 10:09 am to 10:21 am with Bollinger Band width of 2.5 points or less (we use BB 2,13), namely
a very slow and low-volume market, we have only 412,000 contracts at 10:30 am:

1. It is impossible to trade using the trading method described above that otherwise works for more active markets. This is because the indicators give a signal that is late. The profit potential is mostly only 0.5 point per trade, which is wasted by the late signal and the market reverses very quickly to a loss.

2. Therefore, it is obvious that the market oscillates just between horizontal Bollinger bands. It is then possible to trade from the upper Bollinger Band to the lower Bollinger Band and vice versa. Using the buttons on the DOM: 5 trades with two contracts each, all wins for a total of 7 points equals $350 minus $44.00 (10 contracts @ $4.40 each) in commissions equals the net profit of $306.00.

3. The associated risk comes when eventually the price breaks out of the horizontal Bollinger Band and there is a loss.

4. The trades above were accomplished by using the buttons on the DOM with Automatic Trading Strategy set to Stop 2.0 / Target 0.5 to 1.5. With these buttons, a trader never hits the intended initiation or the termination price. Thus, a more profitable way to trade this way is with placing a standing order at the initiation price on the DOM 0.25 point inside the Bollinger Band and move the Target 0.25 inside the opposite Bollinger Band after the trade has been initiated. Theoretically, such trading would have resulted in additional 4.25 points ($212.50) of net profit.

(The described method is the one that was poopoo-ed by a reader when I described it in my criticism of the nothing-saying video on FF regarding Bollinger Bands.)
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