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NITRO Variations for Open-minded Traders

  • #261
  • Dec 22, 2009 1:47pm Dec 22, 2009 1:47pm
I didn't really have any doubts but knew those mom abbreviations were only applicable to tradestation after taking another look at Edge's screen shot he posted & google it some time ago.
Unfortunately tradestation still maybe out of reach for a lot of traders here including myself, any suggestions &/or you have any links to point us to where we may find home of the true tradestation nitro system?
  • #262
  • Dec 22, 2009 2:00pm Dec 22, 2009 2:00pm
If you don't mind Chris_B,

what is it that makes TS more suitable?

Good to see some old skool C4/NITRO posters still workin on it!

I'm an old follower and still use the strategy for my lower TF scalping.

Look forward to seeing what you've stumbled upon! :nerd:
  • #263
  • Dec 22, 2009 2:02pm Dec 22, 2009 2:02pm
Quoting Chris_B
I'm very sorry...but there is no secret!!

The difference is only in the way the platform works...it's simply another world!!

The most important thing is that now I'm absolutely sure without any doubt that Edgetrader was not a lier with his strategy...
I'm not talking of what he did in the past...but with NITRO he was on the right side...
I see thanks...
  • #264
  • Dec 22, 2009 2:04pm Dec 22, 2009 2:04pm
No need for TS. Nitro works just fine on MT4 folks.

1. Market timing
2. Price Action
3. Correlation
  • #265
  • Dec 22, 2009 2:16pm Dec 22, 2009 2:16pm
Quoting Mrezoot
If you don't mind Chris_B,

what is it that makes TS more suitable?

Good to see some old skool C4/NITRO posters still workin on it!

I'm an old follower and still use the strategy for my lower TF scalping.

Look forward to seeing what you've stumbled upon! :nerd:
I don't really know what makes it more suitable...I only know that the same strategy works in a more precise way... and if i have undestrstood well it has some algorhythms that optimize the indicators...
Obviously there is a reason because MT4 is free and TS has fees & commissions...
Market is like a puzzle, YOU have to fit the pieces!!
  • #266
  • Dec 22, 2009 2:33pm Dec 22, 2009 2:33pm
Ninja Trader claims to be a major competitor to Tradestation. Does any one use Renko with a momentum script with Ninja Trader. If so what are the results like?
  • #267
  • Dec 23, 2009 2:00am Dec 23, 2009 2:00am
Quoting Chris_B
Some months ago...all we NITRO followers were excited for a strategy with few/no losses...NITRO...

After Edgetrader's banning from this community...I was thinking that NITRO was a mirage...was a utopia...until today...

For months i've tried to create a MT4 EA that could do what NITRO does...but now I know that is a waste of time...

And now i know another thing...NITRO really exists...but unfortunately it was designed and created for TS...and works only on TS...

This is a screen i've made today...
And...no..it's not a Photoshop image...

Chris, congratulations on finding an answer to the "grail". I think it must be satisfying to know that the search was worth it.( even if not financially at the moment). Are you planning to establish a tradestation platform as the returns seem worth it?

I haven't given up on doing something similiar with MT4. I can get around 98% on most pairs with manual testing, (about 100 trades a month on ej)using a later version of the EA I posted earlier in this thread

I have just started forward testing so hopefully holds together in reality.
Again congratulations

Peter
  • #268
  • Dec 23, 2009 5:13am Dec 23, 2009 5:13am
Quoting peterke
Chris, congratulations on finding an answer to the "grail". I think it must be satisfying to know that the search was worth it.( even if not financially at the moment). Are you planning to establish a tradestation platform as the returns seem worth it?

I haven't given up on doing something similiar with MT4. I can get around 98% on most pairs with manual testing, (about 100 trades a month on ej)using a later version of the EA I posted earlier in this thread

I have just started forward testing so hopefully holds together in reality.
Again...
98% is a great result!! I think that even TS can't do better in the long run...
Anyway i'm forward testing with TS...(it's not the grail...and it's not 100% hit rate) and at the same time I'm forward testing with MT4...but my MT4 EA is not perfect at the moment...is near to TS...but still not there...but after seeing TS at work...I think MT4 EA can reach similar results...the difference is obviously the broker... spread, slippage and requotes have a great part in this strategy!!
Market is like a puzzle, YOU have to fit the pieces!!
  • #269
  • Dec 23, 2009 4:11pm Dec 23, 2009 4:11pm
As a long time Tradestation user, I'd like to point out that backtest results from Renko charts are usually totally misleading - there are workarounds, but it was clear that Edgetrader knew nothing about this and it also appears that others raving about this combination are equally ill-informed and therefore misleading others. Btw, all this has been discussed at length on the Tradestation forum (for registered TS users only).

Just let the strat run live for a few days and see what happens.

Forewarned is forearmed...

Merry Christmas everyone - I won't be logging in again till the New Year.
  • #270
  • Dec 23, 2009 8:15pm Dec 23, 2009 8:15pm
Quoting jtrade
As a long time Tradestation user, I'd like to point out that backtest results from Renko charts are usually totally misleading - there are workarounds, but it was clear that Edgetrader knew nothing about this and it also appears that others raving about this combination are equally ill-informed and therefore misleading others. Btw, all this has been discussed at length on the Tradestation forum (for registered TS users only).

Just let the strat run live for a few days and see what happens.

Forewarned is forearmed...

Merry Christmas everyone...
Unfortunately I have to say that this is true...forward testing with TS makes in evidence this issue...in realtime the orders taken by NITRO are not the same as in backtest...
In backtest the strategy gives always perfect results...but not in real time...due exactly to the fact that the strategy opens the order when the previous brick is violated...
I've changed this rule opening the trades at the close of the signal brick..and the results are worse....
The positive is that TS makes really easy ro test other combinations...to see if is possible to find a good strategy with renko...
Market is like a puzzle, YOU have to fit the pieces!!
  • #271
  • Dec 24, 2009 1:42am Dec 24, 2009 1:42am
Quoting peterke
Chris, congratulations on finding an answer to the "grail". I think it must be satisfying to know that the search was worth it.( even if not financially at the moment). Are you planning to establish a tradestation platform as the returns seem worth it?

I haven't given up on doing something similiar with MT4. I can get around 98% on most pairs with manual testing, (about 100 trades a month on ej)using a later version of the EA I posted earlier in this thread

I...
Hi there,
Can you upload the template for latest EA. I will appreciate it very much.
Marry Christmas to All!!
The Road appears under the steps of walking men...
  • #272
  • Dec 24, 2009 7:03am Dec 24, 2009 7:03am
Quoting Soondoock
Hi there,
Can you upload the template for latest EA. I will appreciate it very much.
Marry Christmas to All!!
Hi Soondoock, I am not providing at the moment as it is a work in progress. I suggest you find the earlier version and try the following

Zig Zag 30:25:10 true
Ema 1:2 true
QQE 3:9:2 true

All others false.

Not good for scalping but a good setup for trend trading with pairs such as GBYJPY, EURJPY and GBPUSD

rgds
Peter
  • #273
  • Dec 25, 2009 12:54am Dec 25, 2009 12:54am
Quoting peterke
Hi Soondoock, I am not providing at the moment as it is a work in progress. I suggest you find the earlier version and try the following

Zig Zag 30:25:10 true
Ema 1:2 true
QQE 3:9:2 true

All others false.

Not good for scalping but a good setup for trend trading with pairs such as GBYJPY, EURJPY and GBPUSD

rgds
Peter
Thanks,
Will try it when the trade will begin, I guess in the next 2010 year.
The Road appears under the steps of walking men...
  • #274
  • Dec 25, 2009 1:46pm Dec 25, 2009 1:46pm
hi there everyone,i'm new to this thread,are the trades executed on the arrows and what is the optimum time to trade this system thanks mikey12
  • #275
  • Dec 26, 2009 9:16am Dec 26, 2009 9:16am
Quoting peterke
Hi Soondoock, I am not providing at the moment as it is a work in progress. I suggest you find the earlier version and try the following

Zig Zag 30:25:10 true
Ema 1:2 true
QQE 3:9:2 true

All others false.

Not good for scalping but a good setup for trend trading with pairs such as GBYJPY, EURJPY and GBPUSD

rgds
Peter
Hi Peter,
Sounds like your making great progress with you ea etc congrads, & Happy New Year to all!
How about the last MA bottom on your PeterEntry list?
Is that one set to default? Haven't tried the ea lately, but like to use your signal arrow on 10 pip or higher charts sometimes, is that ok or do you recommend something else?
  • #276
  • Dec 26, 2009 9:23am Dec 26, 2009 9:23am
Might I ask how you (owner and or others)
rate this system as consistent / trustworthi-
ness / long-term...ease-of-use? Would you,
will you trade it (ultimately live)...for *years*?

Thanks for all your efforts, and to share. It is
quite a thing to put oneself (deeply, not in a
surface way) into currency trading; and then
to put oneself and one's work out there for
others.

Best to all, and may day by day, and for the
new year, your inside person grow in *true*
goodness and riches (more precious than
forex or any riches in the world).

RR
  • #277
  • Dec 26, 2009 4:15pm Dec 26, 2009 4:15pm
Quoting 45Fxguy
Hi Peter,
Sounds like your making great progress with you ea etc congrads, & Happy New Year to all!
How about the last MA bottom on your PeterEntry list?
Is that one set to default? Haven't tried the ea lately, but like to use your signal arrow on 10 pip or higher charts sometimes, is that ok or do you recommend something else?
Hi 45fx, I have stopped using the ma for filtering so set it to false. I have been only using the ea for backtesting to date.

rgds
Peter
  • #278
  • Dec 26, 2009 10:56pm Dec 26, 2009 10:56pm
Quoting peterke
Hi 45fx, I have stopped using the ma for filtering so set it to false. I have been only using the ea for backtesting to date.

rgds
Peter
Any forward testing? As far as I know & heard renko back test aren't very reliable.
As well as indis on renko go, aren't those close ma crosses just about as good as anything else for auto or manual trading?
  • #279
  • Dec 27, 2009 2:23am Dec 27, 2009 2:23am
Quoting 45Fxguy
Any forward testing? As far as I know & heard renko back test aren't very reliable.
As well as indis on renko go, aren't those close ma crosses just about as good as anything else for auto or manual trading?
45fxguy Hi, I have been doing manual backtesting. Go back a period and step through block by block. Its slow but good to get an understanding of how it all should work. Using Zig Zag I have needed to make some assumptions about actual turning points.

I didn't use the automated backtesting for 2 reasons , the main one I was too stupid to work out how to get it to work with renko and the 2nd one was that I wasn't sure I would believe what it would tell me anyway.

I am comfortable that the ema and qqe crosses are good with this testing approach as they don't rewrite and seem accurate at reversal points with the forward testing I have done so far. Zig Zag is a problem for back testing but I have enough experience with it to apply at turning points.

At this stage I am very comfortable with manual trading approach and have fine tuned scalping and trading ea to point of being maybe 1 month away from live ea trading.


rgds

Peter
  • #280
  • Dec 27, 2009 5:30am Dec 27, 2009 5:30am
Quoting peterke
45fxguy Hi, I have been doing manual backtesting. Go back a period and step through...
Thanks for all the info. It's not really that difficult, once you figure it out, how to put renko charts into mt4 back-tester, but is kinda waste of time anyways.
That's why I also think ma crosses have a big advantage over zig-zag, as you know from my own zig-zag on renko ea thread, I've looked at quite a few & know that most tend to repaint, while the close ma crosses, don't have the same problem. Probably why I've been looking more closely at Chris's ea these days, although it doesn't use ma cross, the pa cross it uses is extremely close to your 3x4 ma cross. I'm sure if yall put your heads together, you could produce a very quality renko trading ea.
Good luck, & many pips to all in 2010. & Please let me know if there is anything I can do to help, here or via pm.
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