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Williams%R, SAR X-over 15 minute candles

  • #4,901
  • Feb 20, 2024 11:30am Feb 20, 2024 11:30am
3 final trades of the day.
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  • #4,902
  • Feb 20, 2024 11:35am Feb 20, 2024 11:35am
Quoting rockypoint
{quote} I use Rithmic, going to contact Ninja trader, as I just opened platform back up and that untradeable section is gone!

Hi Rocky,
My 2 cents
I had a problem with bars not showing in my chart. I contacted NT Support since I purchase bars from them.
Below e-mails show response from NT support. I was never able to fix the issue and I did not get support from NT. I asked them for help to fix the issue, they just closed my ticket. I never was able to use bars I purchased from them.....
I was not sure if I should contact broker to check what datafeed I'm connected to and why I can't load ES 03-24? My chart shows ES MAR24 - the same as yours.
Vidvad's chart show ES 03-24, this is what NT support says should be correct.
After your discovery I start to think if datafeed on my chart shows correctly.
Thank you
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  • #4,903
  • Feb 20, 2024 12:15pm Feb 20, 2024 12:15pm
Quoting Rickvdp
{quote} Hey Vidvad, Do you maybe have a post where you explain the entry and exit rules of your trading system? It looks nice and I am quit interested.
This is the most recent post where I try to give rules. Keep in mind that try as I might to remove all discretion, there is still a bit of "feel" to it. But the "feel" didin't come until I basically used these rules to trade. Basically, practice might not make me perfect, but it has made me better. If you follow the rules in the chart in this post, you'll get better over time also.

Quoting vidvad
{quote} {quote} {quote} rocky hit the nail on the head as to the likely source of the problem and machinelearn points to the way out: tanyam, you are letting your fear of losing tie you in knots. You have too much going on on your chart and when you put that much on your brain you will find yourself never sure what to do. You are trying so hard to figure out how not to lose that you are all but assuring that that is exactly what will happen! I've posted this same template here and in my own threads many times. This is the exact set of indicators...
Here is the chart:

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Life itself is a privilege, but to live life to the fullest is a choice
  • #4,904
  • Feb 20, 2024 12:21pm Feb 20, 2024 12:21pm
Quoting tanyam
Hi Vidvad, I wanted to ask you what NT8 build version you use? Because on your chart ES shows as ES 03-24. I use NT 8.1.1.6 64-bit and it shows as ES MAR24. I checked instrument setting on my PC, but I cannot /are not able to find and load datafeed that has ES 03-24 Thank you very much.
You are probably using rhythmic like rocky and I am using ninjatrader continuum.

Here is my version:

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Don't sweat the small stuff, tanyam. Focus on learning the method and learning how price action behaves, etc.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,905
  • Feb 20, 2024 12:37pm Feb 20, 2024 12:37pm
Quoting tanyam
{quote} Hi Rocky, My 2 cents I had a problem with bars not showing in my chart. I contacted NT Support since I purchase bars from them. Below e-mails show response from NT support. I was never able to fix the issue and I did not get support from NT. I asked them for help to fix the issue, they just closed my ticket. I never was able to use bars I purchased from them..... I was not sure if I should contact broker to check what datafeed I'm connected to and why I can't load ES 03-24? My chart shows ES MAR24 - the same as yours. Vidvad's chart show...
I don't know why it would make a difference if it says ES 03-24 or ES mar24. I just updated to latest Ninja trader 8 version. As they suggested. My charts still show ES Mar24. I don't know if possibly that has to do with the exchange you choose. I only have CME with Rithmic data feed.
  • #4,906
  • Feb 20, 2024 12:44pm Feb 20, 2024 12:44pm
Quoting rockypoint
{quote} I don't know why it would make a difference if it says ES 03-24 or ES mar24. I just updated to latest Ninja trader 8 version. As they suggested. My charts still show ES Mar24. I don't know if possibly that has to do with the exchange you choose. I only have CME with Rithmic data feed.
Makes no difference. At Think or Swim it is called /ESH24

I'm sure the difference is who is owning the data feed.

The only time this is an issue is when there is a big difference between what your charts are showing and what others see. For example, today you had that "untradable" mess that really didn't exist. That was a problem with your data feed I'd presume.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,907
  • Feb 20, 2024 12:51pm Feb 20, 2024 12:51pm
Quoting tanyam
{quote} Hi Rocky, My 2 cents I had a problem with bars not showing in my chart. I contacted NT Support since I purchase bars from them. Below e-mails show response from NT support. I was never able to fix the issue and I did not get support from NT. I asked them for help to fix the issue, they just closed my ticket. I never was able to use bars I purchased from them..... I was not sure if I should contact broker to check what datafeed I'm connected to and why I can't load ES 03-24? My chart shows ES MAR24 - the same as yours. Vidvad's chart show...
tanyam, go to the connections menu and tell me what your connection is. Are you using rithmic or something else?

You should call Ninjatrader if you are able and ask them how to find the alternative contract listing. I looked myself, and I can't find anything listed as "ES MAR24"

But before we spend anymore time on this here, you should look to see which connection you are using for data. If it is rithmic, then maybe you should change to continuum.

As far as the special bars not working, one issue might be you are trying to load too many days of data, OR, ironically, NOT ENOUGH.

Some custom indicators can only load with 3 days of data or less. Others need 10 days or more.

But for now, you need to identify your connection:
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Life itself is a privilege, but to live life to the fullest is a choice
  • #4,908
  • Feb 20, 2024 1:05pm Feb 20, 2024 1:05pm
Quoting vidvad
{quote} tanyam, go to the connections menu and tell me what your connection is. Are you using rithmic or something else? You should call Ninjatrader if you are able and ask them how to find the alternative contract listing. I looked myself, and I can't find anything listed as "ES MAR24" But before we spend anymore time on this here, you should look to see which connection you are using for data. If it is rithmic, then maybe you should change to continuum. As far as the special bars not working, one issue might be you are trying to load too many...
Thank you very much, Vidvad
I use Continuum.
I'm aware of "Days to Load" behavior on NT platform.
Cheers,
  • #4,909
  • Feb 20, 2024 1:58pm Feb 20, 2024 1:58pm
Quoting vidvad
{quote} This is the most recent post where I try to give rules. Keep in mind that try as I might to remove all discretion, there is still a bit of "feel" to it. But the "feel" didin't come until I basically used these rules to trade. Basically, practice might not make me perfect, but it has made me better. If you follow the rules in the chart in this post, you'll get better over time also. {quote} Here is the chart: {image}
Thanks for your message vidvad, it is really appreciated!

I got a few questions left that I couldn't make out of the current post after reading it a few times. It said that if you have, for example, a green bar and then a red bar then you sell on the opening of the next bar, is this also true if there are 2 or more green bars and then a red bar (for a sell situation where the 8ema low is below the 34ema) or do you then wait for a break of the latest swing low?

I was also wondering what your exit strategy was. I'm not sure, but in my head I remember that it was 25 ticks profit. Do you also have a stop loss condition and could you maybe tell me the difference between a tick profit and a pip profit?

I also saw that you were recommending the ES futures, but my broker currently only has forex, does it work on that as well? If not, I will try and install Ninjatrader like you and rocky have.

I want to do the 10 trade challenge with exactly these rules like you recommended, is it okay if I post them here?
  • #4,910
  • Feb 20, 2024 2:54pm Feb 20, 2024 2:54pm
Post away
  • #4,911
  • Feb 20, 2024 3:00pm Feb 20, 2024 3:00pm
Quoting rockypoint
Post away
Thanks! I am loving the positive vibe on this thread.
  • #4,912
  • Feb 20, 2024 3:44pm Feb 20, 2024 3:44pm
Quoting Rickvdp
{quote} Thanks for your message vidvad, it is really appreciated! I got a few questions left that I couldn't make out of the current post after reading it a few times. It said that if you have, for example, a green bar and then a red bar then you sell on the opening of the next bar, is this also true if there are 2 or more green bars and then a red bar (for a sell situation where the 8ema low is below the 34ema) or do you then wait for a break of the latest swing low? I was also wondering what your exit strategy was. I'm not sure, but in my head...
I'm looking for a pullback to sell into for shorts. The pullback could be one green candle or many green candles.

Same goes if looking to get long.

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I take +25 tick profit and start at a -20 tick stop loss. Once two candles close in the direction of my trade stop foes to -13 ticks. Once the trade is +13 - +15 ticks in my favor, I move the stop loss to +2 ticks.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,913
  • Feb 20, 2024 4:26pm Feb 20, 2024 4:26pm
Quoting vidvad
{quote} I'm looking for a pullback to sell into for shorts. The pullback could be one green candle or many green candles. Same goes if looking to get long. {image} I take +25 tick profit and start at a -20 tick stop loss. Once two candles close in the direction of my trade stop foes to -13 ticks. Once the trade is +13 - +15 ticks in my favor, I move the stop loss to +2 ticks.
Thanks, that is quite clear!

Do you think this works on forex in MetaTrader as well? Could you maybe explain the difference between a pip and a tick? I saw on internet that 1 pip is 10 ticks, is that correct or does it work a bit different?
  • #4,914
  • Feb 20, 2024 5:34pm Feb 20, 2024 5:34pm
Quoting vidvad
This is my personal live account on ninjatrader. You can compare my entry to the ADX lines. Again, I got in early compared to the ADX and my entry made my +25 tick fixed profit. I would not have gotten that waiting for an ADX entry and this would likely have been a very small profit, +2 to +6 ticks at best. {image}
I guess Rocky is leaving people to make up their own mind. However in viewing his charts over a period of time "I think" if the ADX is just below -25 and obviously rising and everything else looks good, he takes the trade.
Good Trading
  • #4,915
  • Feb 20, 2024 6:09pm Feb 20, 2024 6:09pm
Quoting driven18
{quote} vidvad, I appreciate you starting to show your trading with 1 Min Candles chart..many subs on FF have only MT4 and MT5 and can not get proper Renko. There is no need for MACD at all and ADX does not work as it is always late. I believe the way you have it with 34 EMA and 8EMA channel will work out the same, I suggest add HA candle to 1 Min TF chart for Stop Loss following.
Not sure about the M1, maybe M5.

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Anyone have any ideas what to use for the swing indi?
Good Trading
  • #4,916
  • Feb 21, 2024 12:42am Feb 21, 2024 12:42am
Quoting vidvad
{quote} Makes no difference. At Think or Swim it is called /ESH24 I'm sure the difference is who is owning the data feed. The only time this is an issue is when there is a big difference between what your charts are showing and what others see. For example, today you had that "untradable" mess that really didn't exist. That was a problem with your data feed I'd presume.
Each data feed has own futures symbols. Here you can find .xls file with explanation.
https://www.cmegroup.com/tools-infor...dorSymbol.html
  • #4,917
  • Feb 21, 2024 3:42am Feb 21, 2024 3:42am
Quoting Rickvdp
{quote} Thanks, that is quite clear! Do you think this works on forex in MetaTrader as well? Could you maybe explain the difference between a pip and a tick? I saw on internet that 1 pip is 10 ticks, is that correct or does it work a bit different?
I know @Libocop has posted several times in this thread a template for use with Metatrader. I don't know if it was for MT4 or MT5 or if he had one for both. If you search the thread you should find it.

As far as forex versus futures, may I Make a suggestion?

If so, then I offer that I have traded both spot forex and US exchange listed futures, and I would recommend to anyone who wants to become a consistently profitable day trader to stop trading forex, get off MT4, and trade futures. If you live in a country where Ninjatrader brokerage is open to you, then I'd suggest you waste no more time with forex, and get yourself a Ninjatrader demo account, set up the rocky template, and get to work observing and learning the system and how to trade it.

Pip vs tick? Each is the minimum price movement made by an instrument. For forex, that minimum is a pip (or it used to be as now they even have tenths of pips). For futures, the smallest price movement is a tick. If you are trading forex futures, for example, the 6B, which is the GBPUSD futures, some might still refer to the movement from 1.2612 to 1.2613 as one pip. But American futures traders would call that movement one tick.

Does it matter? I can't see that it does other than it makes it easier to communicate with one another if we use the same word.
Life itself is a privilege, but to live life to the fullest is a choice
  • #4,918
  • Feb 21, 2024 3:47am Feb 21, 2024 3:47am
Quoting vidvad
{quote} I know @Libocop has posted several times in this thread a template for use with Metatrader. I don't know if it was for MT4 or MT5 or if he had one for both. If you search the thread you should find it. As far as forex versus futures, may I Make a suggestion? If so, then I offer that I have traded both spot forex and US exchange listed futures, and I would recommend to anyone who wants to become a consistently profitable day trader to stop trading forex, get off MT4, and trade futures. If you live in a country where Ninjatrader brokerage...
Thanks for the recommendation. I am going to try and make a SIM account on Ninjatrader. If you and rocky are using it, it must have something good. What do you think is better about futures than forex?

Also thank for the great explanation about pip/tick!
  • #4,919
  • Feb 21, 2024 5:30am Feb 21, 2024 5:30am
Quoting vidvad
{quote} I know @Libocop has posted several times in this thread a template for use with Metatrader. I don't know if it was for MT4 or MT5 or if he had one for both. If you search the thread you should find it. As far as forex versus futures, may I Make a suggestion? If so, then I offer that I have traded both spot forex and US exchange listed futures, and I would recommend to anyone who wants to become a consistently profitable day trader to stop trading forex, get off MT4, and trade futures. If you live in a country where Ninjatrader brokerage...
And if you are in the UK you can trade with TradeStation ( Use Tradeview chart maybe and linked via Tradeview to Tradestation) and NOT pay data fees -level one.
Check with them on their chat facility.
Daytrade margin may be higher than the likes of AMP Futures etc.
every Saint has a past. Every Sinner has a Future
  • #4,920
  • Feb 21, 2024 6:12am Feb 21, 2024 6:12am
Quoting Rickvdp
{quote} What do you think is better about futures than forex? Also thank for the great explanation about pip/tick!
I'm guessing that you are very new to the trading game so don't rush things. This is not get rich quick and it sure isn't easy money until you settle on a methodology and then spend weeks and months and even years getting better and better at the craft of trading.

The main superiority of futures to forex is simply this: With futures, the trades take place on a regulated exchange where everyone everywhere sees the same bid and ask and the little guy is treated no differently than the whale. If I have an order for a one lot and Morgan Stanley puts an order in right after me for a 100 lot, I get filled first. Futures is a fair game.

Forex the bid and ask you see is set by your broker, not the marketplace. The spread and price can and will be manipulated by your broker to take advanatage of you and assure you lose more than you win, and you lose more often than you will win. Retail forex trading is really just entering a casino: You are never really accessing the bank market. You are trading in a bucket shop. Your orders are filled, if at all, however the broker wants them filled. Forex is a rigged game.
Life itself is a privilege, but to live life to the fullest is a choice
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