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Williams%R, SAR X-over 15 minute candles

  • #4,321
  • Nov 20, 2023 3:27pm Nov 20, 2023 3:27pm
Quoting rockypoint
Good trading day, little bit of a late start. My computer decided to replace my old snipping tool with the new "Snip and Stretch" which is reaaaally baaad. Took my low tech mind awhile to get the old app back. {image}
the circles on the candle means you opened up at the open or close of that candle ? or maybe in the middle
as always I apritiate your help
do you use ninjatrader as ur broker or do you recomend something else ?
  • #4,322
  • Nov 21, 2023 8:41am Nov 21, 2023 8:41am
Three trades on MNQ today: +40 ticks, +5 ticks, +40 ticks and done for the day.

Using M1 HA and 34 ema bands on price chart and %R as the long-short bias below.

Good trading to all!

Attached Image (click to enlarge)
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.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,323
  • Nov 21, 2023 9:14am Nov 21, 2023 9:14am
Quoting samblue
{quote} the circles on the candle means you opened up at the open or close of that candle ? or maybe in the middle as always I apritiate your help do you use ninjatrader ...
RP thanks for your great work here again. It is very useful!
I agree that also using arrows of entry and exit would be better exemplary as by Vidvad from above or by you somewhere here. It would perfectly explain how long you are waiting to enter.
Thank you in advance.
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Don't think!
  • #4,324
  • Nov 21, 2023 9:39am Nov 21, 2023 9:39am
My three rocky inspired templates that I've been testing and trading:

Here is M1 candles, no Heikin Ashi, using 21 ema and 50 sma and %R50

Attached Image (click to enlarge)
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Here is M1 with HA applied, 34 ema bands, and %R50

Attached Image (click to enlarge)
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And here is 21 Renko HA, 8/21 ema's each smoothed by an sma period of 8, and again the %r 50 below

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If I get a crossover signal during trading hours, I use a trailing stop and aim for a big gain. If the market is already under a signal on this chart, then I trade in the direction of that signal on the M1 and look for 40 tick take profits.

I stop trading after 2 losses or 3 trades.

I might start taking all signals between 8:30 AM and 11:30 AM NYC time at some point in the future, but I'm not going to make that change during a holiday short week such as this week is.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,325
  • Nov 21, 2023 10:27am Nov 21, 2023 10:27am
PA pretty much like watching paint dry, due to Thanksgiving coming up. After long wait got 2 signals for small wins. That's it for me today.
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  • #4,326
  • Nov 22, 2023 7:10am Nov 22, 2023 7:10am
Quoting vidvad
My three rocky inspired templates that I've been testing and trading: Here is M1 candles, no Heikin Ashi, using 21 ema and 50 sma and %R50 {image} Here is M1 with HA applied, 34 ema bands, and %R50 {image} And here is 21 Renko HA, 8/21 ema's each smoothed by an sma period of 8, and again the %r 50 below {image} If I get a crossover signal during trading hours, I use a trailing stop and aim for a big gain. If the market is already under a signal on this chart, then I trade in the direction of that signal on the M1 and look for 40 tick take profits....
Just seen these. Great charts and food for thought Vidvad
every Saint has a past. Every Sinner has a Future
  • #4,327
  • Nov 22, 2023 8:52am Nov 22, 2023 8:52am
Hi guys!
Try adding this indicator

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM15.png Size: 10 KB

Attached File(s)
File Type: ex4 Open_is_High_or_Low.ex4   17 KB | 261 downloads
www.myfxbook.com/members/AMBASSADORFX
  • #4,328
  • Nov 22, 2023 9:07am Nov 22, 2023 9:07am
Well did not expect this today, figured a repeat of yesterday. 5 trades, 1 loss, 1 B/E and 3 wins.
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  • #4,329
  • Nov 22, 2023 10:07am Nov 22, 2023 10:07am
I ended the day up nicely, but I way overtraded. Good set ups, mostly. But I let myself get carried away with the great volatility up and then down.
I'm up an astonishing 24% on this account (it is a small account that I set up to do a 20-day exercise similar to Mark Douglas's 20 trade exercise).

I'd post a chart showing the trades but it is so cluttered because of the way Ninjatrader marks trades it wouldn't be all that useful.

For example, this is what the opening minutes look like:

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Also, that short, while profitable, really wasn't in compliance with my plan.

My point is that though this was a great day in terms of result, I really sucked in terms of following the process.

In hindsight, it would have been better for me to finish -24% instead of +25% because days like this just wire the subconscious that it is ok to break your rules. And self-discipline has forever been my problem,

Good trading to all, and a Happy Thanksgiving as well.

Thank you rocky for all you have shared with us here.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,330
  • Nov 22, 2023 10:24am Nov 22, 2023 10:24am
Quoting Eprst
Hi guys! Try adding this indicator {image} {file}
This is kind of spammy, is it not? You're posting it all over FF and no explanation?

No way I'd download anything you posted.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,331
  • Nov 22, 2023 10:38am Nov 22, 2023 10:38am
Here are my last 3 trades, done for the week. Happy Thanksgiving to all. See you on Monday.
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  • #4,332
  • Nov 22, 2023 10:40am Nov 22, 2023 10:40am
If anyone is wondering why I didn't take the signal between last 2 trades. I was feeding the cat.
  • #4,333
  • Edited 11:18am Nov 22, 2023 10:53am | Edited 11:18am
Great work here friends!
My was sleeping all time
I've missed NY open...
Thanks and happy Thanksgiving for you and all too!
Attached Image (click to enlarge)
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Don't think!
  • #4,334
  • Nov 22, 2023 11:00pm Nov 22, 2023 11:00pm
Quoting vidvad
{quote} This is kind of spammy, is it not? You're posting it all over FF and no explanation? No way I'd download anything you posted.
Everything is clear in the screenshot and no explanation is needed
www.myfxbook.com/members/AMBASSADORFX
  • #4,335
  • Nov 23, 2023 4:18am Nov 23, 2023 4:18am
Quoting rockypoint
Here are my last 3 trades, done for the week. Happy Thanksgiving to all. See you on Monday. {image}
Hi RP,

Nice trades - thanks for sharing, as usually!

I noticed that on your two screenshots there are two different MACD and ADX readings for the same period:

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Is it because your reloaded the chart or any other reason? Just curious

Happy Thanksgiving to you and everyone who celebrates!
Let's go with the flow
  • #4,336
  • Nov 24, 2023 3:05am Nov 24, 2023 3:05am
what's also very intresting is that rp data is so different than mine I circled the part that is missing from me ,and yes I use Rithmic
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 12-23 (4 Renko) 2023_11_22 (3_58_49 AM).png Size: 56 KB
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  • #4,337
  • Nov 24, 2023 3:08am Nov 24, 2023 3:08am
Quoting LiboCop
done...very boring PA, but the discipline is the key BE,-10,+9,-1,+10 Sum2´=+8 pts So nothing WOW, but I'm in profit (a live account here). See you {image}
Hi, what renko size do you have and what is your sl on dax?
  • #4,338
  • Nov 24, 2023 3:45am Nov 24, 2023 3:45am
Quoting samblue
what's also very intresting is that rp data is so different than mine I circled the part that is missing from me ,and yes I use Rithmic {image} {image}
Well yes my guy, the problem you are experiencing (and to all wondering) is with using renko bars and how they are generated and plotted. They are based on tick data and not time, so whichever platform you use unless you have the exact same starting time at the exact same price you will get a different looking renko chart.
  • #4,339
  • Edited 9:12am Nov 24, 2023 4:46am | Edited 9:12am
Quoting Booghie
{quote} Hi, what renko size do you have and what is your sl on dax?
Hi,
on Dax I have Renko 3 pts, it means on my broker 300 (you can see it on top right on my chart) ....depends on digits, you have to try it, on my other broker is for 3 pts setting 30 etc.
On SPX500 a have 1 pts and, it means 100. I set it similarly according RP, he has Renko 4 ticks, and because on MT4 we don't count ticks you have to know, how many ticks is one point, now it looks RP has 4 ticks = 1pt......depends on Broker and type of future contract. Ive noticed, I still have it a little different although we were both online in the same time. So now im testing 0,8 pts and it looks more accurate for me.

PS: pls don't forget, the historical data in MT4 aren't ticks data! Tick data MT4 provides only live! Its important when you want compare MT with NT, but there also looks is a small difference between live and saved data....now I'm just deducing from the above questions.

Edit: my maximum safe SL is 20 points or HL or LH, it depends. I try to make the smallest possible SL, which I usually cut by hand, which took me a long time to learn it, but when I'm in the red, I still have a bit problem with that .
Don't think!
  • #4,340
  • Edited 6:08am Nov 24, 2023 4:55am | Edited 6:08am
Quoting samblue
what's also very intresting is that rp data is so different than mine I circled the part that is missing from me ,and yes I use Rithmic {image} {image}
Yes, interesting. It was wild after NY opening unlike the previous days.

Your chart is more like mine above here. I was online at the same time as was RP, so I had tick data.

Quoting KalC
{quote} Well yes my guy, the problem you are experiencing (and to all wondering) is with using renko bars and how they are generated and plotted. They are based on tick data and not time, so whichever platform you use unless you have the exact same starting time at the exact same price you will get a different looking renko chart.
Yes and no
Yes, the point of the Renko charts is that they aren't generated on time but movement (ticks or points). The only differences are in the provider's, online or stored data and not of starting price or connection time. I have already explained the data on the MT4 here. Maybe even on other platforms it goes to some omission of tick data in order to save storage space. I do not know exactly.
Don't think!
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