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Nexas's Intraday Range Bar Trading

  • #501
  • Feb 8, 2012 4:33pm Feb 8, 2012 4:33pm
Quoting Jordi
Hi John, Can you explain your "early warning system" and how to use the momentum indie?
Hi Jordi, I've made several posts showing how to use the momentum indicator. They were on Jan 28 and Jan 29.
  • #502
  • Feb 8, 2012 9:46pm Feb 8, 2012 9:46pm
Quoting medici
You can use Ninjatrader as a front end to IB, thus keeping IB and getting range bars from the Ninjatrader platform.
hello, when you say "as a front", do you mean just go to ninjatrader.com and download their software for free and use that for charting, but IB as broker? does NJ offer that for free?
  • #503
  • Feb 9, 2012 1:04am Feb 9, 2012 1:04am
Quoting chiba_san
hello, when you say "as a front", do you mean just go to ninjatrader.com and download their software for free and use that for charting, but IB as broker? does NJ offer that for free?
For real-time charting, it's not free. And you connect NT to IB and use NT for both charting and live trading. But IB would still be your broker, i.e. all trades entered using NT goes through to IB.

All the info you need is available on the NT website:

http://www.ninjatrader.com/Connectio...nnection-Guide
  • #504
  • Feb 9, 2012 1:30am Feb 9, 2012 1:30am
that is very helpful. thank you sir!
  • #505
  • Edited 8:16am Feb 10, 2012 7:33am | Edited 8:16am
nexas,

when you have time, please explain a little more on your stop loss.

also, entering at a minimum on the open of the 5th candle, of the preceding 4 candles, i have noticed not all are the same colour. do you just do it by "feel?"

what you mentioned about a 50 pip range bar is very interesting. in your opinion, would that be accurate long term, less, or unknown?
  • #506
  • Feb 13, 2012 2:26am Feb 13, 2012 2:26am
Hi All,

Sorry I haven't been around. This new born baby stuff is really taking its toll :-)

I thought I was a seasoned pro with two daughters but my little boy is proving to be a different challenge altogether lol.

I have seen I have missed some excellent trading days which is a little frustrating but hey ho... The problem I am having at the moment is that I am doing the schools runs which means I am not ablt ot trade for th first 90 mins of the UK session and the final 90 minutes of the US session. As I am sure you can appreciate, if you have an edge, inconsistency greatly diminshes this edge, or at least creates a new one which I do not have numbers on. So needless to say I have decided not to day trade until I completely focus. This should be the case when my wife can start driving again in a few weeks.

In any case I guess that is no excuse for not posting here :-). So I will remedy that and just act as an agony uncle for anyone that wants one lol.

I am however doing some swing trading, which is quite nice and relaxing.

Anyway, I hope you are all ok and I will try to answer any questions as they come.

Nexas
  • #507
  • Feb 13, 2012 2:34am Feb 13, 2012 2:34am
Quoting Nexas
Hi All,

Sorry I haven't been around. This new born baby stuff is really taking its toll :-)

I thought I was a seasoned pro with two daughters but my little boy is proving to be a different challenge altogether lol.

I have seen I have missed some excellent trading days which is a little frustrating but hey ho... The problem I am having at the moment is that I am doing the schools runs which means I am not ablt ot trade for th first 90 mins of the UK session and the final 90 minutes of the US session. As I am sure you can appreciate, if...
enjoy
  • #508
  • Feb 13, 2012 2:54am Feb 13, 2012 2:54am
Quoting chiba_san
nexas,

when you have time, please explain a little more on your stop loss.

also, entering at a minimum on the open of the 5th candle, of the preceding 4 candles, i have noticed not all are the same colour. do you just do it by "feel?"

what you mentioned about a 50 pip range bar is very interesting. in your opinion, would that be accurate long term, less, or unknown?
My stop loss is the easiest part of my trading :-) It requires no thought, just place it behind the last swing by 1-2 pips.

The 4th candle rule is generally 4 candles against the trend in succession, although feel sometimes does come into it, when trying to judge the momentum etc.

With regards to the 50 I think it would be accurate for longer term trading, it is about the equivalent of the 4 hour. I like it for my longer term swing trading :-)
  • #509
  • Feb 13, 2012 3:27am Feb 13, 2012 3:27am
hi nexas,

oh, ic. i think i understand. for example, during a retrace in a downtrend, we would get a couple of candles going up. a trendline would be drawn underneath those couple of candles going up. when price goes through the trendline (heading down), we enter. with the SL 2 pips or so above the HIGHEST point of those couple of candles that were heading up in the latest retrace (in the example of a downtrend that is). it is for this reason, the typical stop loss would be small, say 4-8 pips total.

please correct if wrong.

the only reason i mentioned 50 bar range is because you mentioned it before, and i really cannot stay glued to the screen as I have a full time job. if you don't mind, would you like to share your typical time management working with 50 bar range? Like do you look at the screen for 5 - 10 minutes once every 4->8 hours? that would be my assumption.

although extremely redundant at this point, but would still like to say thank you for all the help you've given on your thread.
  • #510
  • Feb 13, 2012 3:40am Feb 13, 2012 3:40am
How do I load range bars to charts,I attatch them,but they stay as candles?
  • #511
  • Feb 13, 2012 4:32am Feb 13, 2012 4:32am
Quoting FOURX
How do I load range bars to charts,I attatch them,but they stay as candles?
Hi Fourx,

Range bars are candles :-) Sorry I refer to them as being bars but it doesn't matter. All that matters is that each and every is the range from high to low that you define.

Hope that makes sense.

Nexas
  • #512
  • Feb 13, 2012 4:48am Feb 13, 2012 4:48am
Hi,

Exactly, although I use 1 pip more often than not.

With regards to the 50... I always have it in the background, I am I make hotlists of the ones that look like they are setting up (you can do this in Ninja Trader). I check perhaps more often during the EU and US session and then once or twice in the evening... but then I am an addict :-)

You are welcome, I am glad you are finding it all useful

Thanks

Nexas

Quoting chiba_san
hi nexas,

oh, ic. i think i understand. for example, during a retrace in a downtrend, we would get a couple of candles going up. a trendline would be drawn underneath those couple of candles going up. when price goes through the trendline (heading down), we enter. with the SL 2 pips or so above the HIGHEST point of those couple of candles that were heading up in the latest retrace (in the example of a downtrend that is). it is for this reason, the typical stop loss would be small, say 4-8 pips total.

please correct if wrong.

the only reason...
  • #513
  • Feb 13, 2012 4:51am Feb 13, 2012 4:51am
Quoting Nexas
Hi Fourx,

Range bars are candles :-) Sorry I refer to them as being bars but it doesn't matter. All that matters is that each and every is the range from high to low that you define.

Hope that makes sense.

Nexas
hey Nexas

They stay as time based candles, ie.(various lengths)
  • #514
  • Feb 13, 2012 5:07am Feb 13, 2012 5:07am
Hi Fourx,

mmmm that is strange. Unfortunately as I do not use MT4 it is difficult for me to comment.

Can anyone here help fourx?

Maybe you have to do that thing with opening offline charts?

Nexas
  • #515
  • Feb 13, 2012 5:12am Feb 13, 2012 5:12am
Quoting Nexas
Hi Fourx,

mmmm that is strange. Unfortunately as I do not use MT4 it is difficult for me to comment.

Can anyone here help fourx?

Maybe you have to do that thing with opening offline charts?

Nexas
This question has been answered before on this thread, and the relevant EAs posted. Could FOURX possibly check back a few pages for the relevant information?
  • #516
  • Feb 13, 2012 7:48am Feb 13, 2012 7:48am
Quoting medici
This question has been answered before on this thread, and the relevant EAs posted. Could FOURX possibly check back a few pages for the relevant information?
medici

I have checked,and cannot find anything that helps me.
  • #517
  • Feb 13, 2012 7:51am Feb 13, 2012 7:51am
Hi FOURX,
check your pm.

Nick


Quoting FOURX
medici

I have checked,and cannot find anything that helps me.
  • #518
  • Feb 13, 2012 7:54am Feb 13, 2012 7:54am
Quoting FOURX
medici

I have checked,and cannot find anything that helps me.
Hi Fourx,

are u using EA or script?

anyway, regardless of script or EA, load it up on M1 chart

then set the range that u want in pip and TF.

goto File then open offline chart.

For example; if u set 8pips range with TF 2min for EU

then u will see under the offline chart there is a EURUSD, M2. Click to open the offline chart, u will get 8pips range bar chart.

Hope it helps
  • #519
  • Feb 13, 2012 8:03am Feb 13, 2012 8:03am
Quoting maxximuz
Hi Fourx,

are u using EA or script?

anyway, regardless of script or EA, load it up on M1 chart

then set the range that u want in pip and TF.

goto File then open offline chart.

For example; if u set 8pips range with TF 2min for EU

then u will see under the offline chart there is a EURUSD, M2. Click to open the offline chart, u will get 8pips range bar chart.

Hope it helps
hey max

done all that, but no M2 chart showing in the offline charts?
  • #520
  • Feb 13, 2012 8:34am Feb 13, 2012 8:34am
Quoting FOURX
hey max

done all that, but no M2 chart showing in the offline charts?
Fourx, pls check your PM.
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