ProRealTime / ProScreener / ProRealTrend / ProBackTest

Is there any interest out there in starting a forum to discuss trading strategies using some of the powerful new features of the ProRealTime / ProScreener / ProRealTrend / ProBackTest software ?

There is a Group on Facebook for this at http://www.facebook.com/group.php?gid=100491550007233, but I can't seem to find anything here on Forex Factory.

If anyone is interested in discussing ideas on ProRealTime strategies, please let me know.

I've been experimenting with some Forex trending trading ideas using ProScreener to pre-screen Forex pairs to trade using the ProRealTrend module, for example.

Herewith copy of my write-up on a way I am using ProRealTime to Day Trade Forex pairs.

I use the SuperTrend indicator to establish a common trend across 3 separate timeframes, and ProRealTrend to show the current trading channels to help spot trade entry and exit points within trending pairs.

I attach also a sample picture of how the screen layout looks on Short trades, together with a typical SuperTrend shot.

Lastly, I attach images of the Long and Short ProScreener code.

Herewith copies of the actual code for Long and Short screens.

Use the procedure outlined on the ProRealTime in order to load up these screens.

[I have been trying to publish these on the ProRealTime website but can't get their recommended process to work for me yet... am talking to their Customer Service about that.]

Heard back today from ProRealTime today - they vet each individual submission, so there is a backlog of screeners waiting to be published.

I do not know why Forex Factory has moved this thread to the Commercial Forum.

I am a simple non-professional trader trying to find other ProRealTime users with whom to kick off some discussions on trading ideas, starting with my own ideas on trend trading Forex.

I have no personal or professional or commercial interest in ProRealTime at all - I'm just a ProRealTime user.

I've written to the FF Moderator asking for clarification on this.

Where are you getting access to ProRealTrend? I'm with IG who have IT charts but I can't see the module.

Thanks

Peter

ProRealTrend is a module of the ProRealTime software, which can be found at www.prorealtime.com . This is the software company that supplies IG Index with their "Advanced Charts", but the version that IG uses is frozen at a certain level of functionality that does not include the ProRealTrend module.

This is the same process I went through ... I use IG Index and liked the charts, but saw ProRealTrend on the ProRealTime website. They tell me that the IG Index chart software and the ProRealTime software are now 2 different pieces of software, as they have significantly extended the functionality eg to include ProRealTrend and a bunch of other stuff.

Bad news is that this means that we have to pay for the ProRealTime software to get ProRealTrend.. something like 34 Euros per month, with a minimum of 3 months upfront. I thought about whether I wanted to do that, but the functionality is so good I reasoned that I should be able to make up the cost quite easily in more successful trading.

I must say that the ProRealTrend module is very good, in my experience, at showing the chart patterns that I usually spend hours drawing manually instead, so it's quite a good solution ... .means I can get on and trade, not spend so much time on pattern analysis.

See what you think.

Best regards, Loudoniii

Thanks for getting back to me. I trade the daily with the J16 method - I'll have to think whether the additional cost will be worth it for me. Thanks

There's free end of day data - I'm playing around with that at the moment.

Hi Guys,
I've used for years that had the demo of the charts of ACM ProRealTime.
Since last week the graphics are lacking and many other applications.
Do you know where you will find the forex charts: It advanced charts? that is not ProRealTime paid ?
Thanks to all.

Loudoniii...

Your post caught my eye, have just recently started using Pro real Time, the set up you described seems logical, was wondering how successfull your method was working out in 'realty trading'. To be honest I am still learning how all the components work, so do want to expand my knowledge of this great trading tool. I am certain the screener/trend detector can be used to good trading advantage.

Anyway, i am interested in being part of a forum discussing PRT issues, so is the forum here or another area? (this is my first post just finding my way around)

Also, out of interest, how long have you used PRT?

Thanks

Jason.

I've written a number of indicators and screeners and where possible will be willing to help people with ideas.

The main Pro Real Time service has a lot of data feeds (Stocks, indicies etc...) I only use their Forex, Gold and Silver feeds + Volume which I've been using for over a year now.

I also have access to the same 'cut down' IG index service and data feed.

I trade full time so coding and helping out would be on a best I can do basis.

Will follow this thread.

Good evening all,

Basically I am at my wits end, can anyone help me with the prorealtime coding for a RSI and zigzag on price divergence proscreener and probacktester. I have been trading this way for a while now and am amassing large profits, however the need to keep opening individual forex charts is somewhat time consuming. I use only daily and 4hr charts and would be grateful for any help sent my way.

Much obliged.

s2m

It sounds like you need to use the screener. Please describe what you want done in more detail and I'll do my best to help you.

I need a great deal of help please Pete. A proscreener would be an ideal tool for what I need (although a probacktest might give historical results for the system on any particular pair) this way any number of instruments could be searched.
So more details, for the purposes lets imagine we are using a short position. What I would be searching for is 2 zigzag points on price where the 2nd point is higher than or eqaul to the 1st (for zigzag I use req variation = 14, % or pt = pt and (h+l+c*2)/4), at these same 2 points I would look for the 2nd RSI point to be lower than or equal to that of the 1st, hence the divergence (I also use (h+L+c*2)/4 for RSI). Where I meet a stone wall is this, a divergence can build up over many candles or very few, it is setting the proscreener/indicator or whatever to identify the divergence regardless of how many candles it takes.
Let me point you to a youtube video which migh describe my needs better, the entry point is immaterial, it is the identification of the potential entry I am most interested in.



I do appreciate your help, many thanks.

Chris

Can I just add it's great to find some other prorealtime users, have any of you tried using or modifying some of the indicators/screeners or probacktests on PRT, some of them must have been written by some very clever people indeed. Look at the candles collection in the probacktest section by willem, it's wicked how someone can write that.

Chris

Yes, I've done something similar before as a pro-screener. Its not that difficult to code, just need specifics. The indicators, their time frames and key settings. Any specific rules, for example, ZigZag is D1 and RSI is divergent for 2 H4 periods (just an example...)

Hi and thanks for your reply, Basically it's exactly has the video says, identifying the 2 points on zigzag (price) to the same corresponding candles on RSI. Not sure if an indicator needs to be built first to do this and then a proscreener to identify the indicator signal. I really appreciate your help but you will have to be more simplistic with me I'm afarid, my knowledge of programming is limited to say the least.

Cheers

Chris

Found this on prorealtime which i have adapted from MACD to RSI, however it doesn't seem to identify the divergences i see manually, any thoughts ??

RSIUP = Momentum(Average(RSI[14](close))) > 0
MyBuy = RSIUP AND MOMENTUM(TEMA[3](close)) < 0

RSIDown = Momentum(Average(RSI[14](close))) < 0
MySell = RSIDown AND MOMENTUM(TEMA[3](close)) > 0

ind1 = RSI[14](close)
c1 = (ind1 > 60)
c2 = (ind1 < 40)

IF (MyBuy) AND (NOT MySell) AND c2 AND NOT ONMARKET THEN
BUY 0.2%CAPITAL AT MARKET THISBARONCLOSE
ENDIF

IF (MySell) AND (NOT MyBuy) AND c1 THEN
SELL 0.2%CAPITAL AT MARKET THISBARONCLOSE
ENDIF


IF (MySell) AND (NOT MyBuy) AND c1 AND NOT ONMARKET THEN
SELLSHORT 0.2%CAPITAL AT MARKET THISBARONCLOSE
ENDIF

IF (MyBuy) AND (NOT MySell) AND c2 THEN
EXITSHORT 0.2%CAPITAL AT MARKET THISBARONCLOSE
ENDIF

Hi,

I've taken a look at the problem and got a couple of suggestions. Firstly, there is an RSI divergence indicator provided with PRT. Have you taken a look at this? It provides the ability to set the number of bars to scan for a divergence. You should take a look at it anyway as this is a sensible way of setting a historic window of data to scan for peaks that diverge.

If this is not to your liking then you could try to place a ZigZag as an overlay on RSI. This will provide a similar filter to a ZigZag on price. My idea is to simply 'fit' the zigzags (i.e. you can visually match the peaks and troughs to ensure they are in sync) and then use the ZigZag output to determine divergence. Its a lot easier to check zigzag peaks are divergence than raw price vs raw RSI.

The code you pasted is a back test. Not a screener. Before you get into back testing it is highly advisable to firstly implement a working set of rules as an indicator or as a pro screener. Once you are happy with these they can be converted into a backtest.