Simple High Probability Trading

Quoting Nexas

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Hi People, Sorry I can't help much with the EA for the range bars. I really would recommend using NinjaTrader with an FXCM datafeed. This way it is free. You will need to open an fxcm account here www.fxcm.com. Please note that demo accounts also work but only last maybe 30 days. Also if you open with FXCM you will need to get them to disable hedging otherwise the data feed doesn't work. For the MT4 charts hopefully other members with more knowledge can continue to help as they have been. Nexas

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#region Using declarations
using System;
using System.ComponentModel;
using System.Diagnostics;
using System.Drawing;
using System.Drawing.Drawing2D;
using System.Xml.Serialization;
using NinjaTrader.Cbi;
using NinjaTrader.Data;
using NinjaTrader.Gui.Chart;
#endregion

// This namespace holds all indicators and is required. Do not change it.
namespace NinjaTrader.Indicator
{
    /// <summary>
    /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
    /// </summary>
    [Description("Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.")]
    public class RangePullback : Indicator
    {
        #region Variables
        // Wizard generated variables
        // User defined variables (add any user defined variables below)
        #endregion

        /// <summary>
        /// This method is used to configure the indicator and is called once before any bar data is loaded.
        /// </summary>
        protected override void Initialize()
        {
            Overlay = true;
 Add(new Plot(Color.FromKnownColor(KnownColor.Orange), PlotStyle.Line, "Plot0"));
        }

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
if (CurrentBars[0] < 5)
return;
        
// Longs
 if (Close[0] > EMA(100)[0] &&
 Close[0] > Open[0] &&
 Close[1] > Open[1] &&
 Close[2] < Open[2] &&
 CCI(7)[0] > -50 &&
 CCI(7)[2] < -50)
 {
 DrawArrowUp(Guid.NewGuid().ToString(), true, 0, Low[0] - 2*TickSize, Color.Blue);
 SendMail("[email protected]", "[email protected]", "Buy "+Instrument.FullName, "");
 Plot0.Set(1);
 return;
 }
 
 // Shorts
 if (Close[0] < EMA(100)[0] &&
 Close[0] < Open[0] &&
 Close[1] < Open[1] &&
 Close[2] > Open[2] &&
 CCI(7)[0] < 50 &&
 CCI(7)[2] > 50)
 {
 DrawArrowDown(Guid.NewGuid().ToString(), true, 0, High[0] + 2*TickSize, Color.Cyan);
 SendMail("[email protected]", "[email protected]", "Sell "+Instrument.FullName, "");
 Plot0.Set(-1);
 return;
 }
 
 Plot0.Set(0);
 
        }

        #region Properties
 public DataSeries Plot0
        {
            get { return Values[0]; }
        }
        #endregion
    }
}

#region NinjaScript generated code. Neither change nor remove.
// This namespace holds all indicators and is required. Do not change it.
namespace NinjaTrader.Indicator
{
    public partial class Indicator : IndicatorBase
    {
        private RangePullback[] cacheRangePullback = null;

        private static RangePullback checkRangePullback = new RangePullback();

        /// <summary>
        /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
        /// </summary>
        /// <returns></returns>
        public RangePullback RangePullback()
        {
            return RangePullback(Input);
        }

        /// <summary>
        /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
        /// </summary>
        /// <returns></returns>
        public RangePullback RangePullback(Data.IDataSeries input)
        {
            if (cacheRangePullback != null)
                for (int idx = 0; idx < cacheRangePullback.Length; idx++)
                    if (cacheRangePullback[idx].EqualsInput(input))
                        return cacheRangePullback[idx];

            lock (checkRangePullback)
            {
                if (cacheRangePullback != null)
                    for (int idx = 0; idx < cacheRangePullback.Length; idx++)
                        if (cacheRangePullback[idx].EqualsInput(input))
                            return cacheRangePullback[idx];

                RangePullback indicator = new RangePullback();
                indicator.BarsRequired = BarsRequired;
                indicator.CalculateOnBarClose = CalculateOnBarClose;
#if NT7
                indicator.ForceMaximumBarsLookBack256 = ForceMaximumBarsLookBack256;
                indicator.MaximumBarsLookBack = MaximumBarsLookBack;
#endif
                indicator.Input = input;
                Indicators.Add(indicator);
                indicator.SetUp();

                RangePullback[] tmp = new RangePullback[cacheRangePullback == null ? 1 : cacheRangePullback.Length + 1];
                if (cacheRangePullback != null)
                    cacheRangePullback.CopyTo(tmp, 0);
                tmp[tmp.Length - 1] = indicator;
                cacheRangePullback = tmp;
                return indicator;
            }
        }
    }
}

// This namespace holds all market analyzer column definitions and is required. Do not change it.
namespace NinjaTrader.MarketAnalyzer
{
    public partial class Column : ColumnBase
    {
        /// <summary>
        /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
        /// </summary>
        /// <returns></returns>
        [Gui.Design.WizardCondition("Indicator")]
        public Indicator.RangePullback RangePullback()
        {
            return _indicator.RangePullback(Input);
        }

        /// <summary>
        /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
        /// </summary>
        /// <returns></returns>
        public Indicator.RangePullback RangePullback(Data.IDataSeries input)
        {
            return _indicator.RangePullback(input);
        }
    }
}

// This namespace holds all strategies and is required. Do not change it.
namespace NinjaTrader.Strategy
{
    public partial class Strategy : StrategyBase
    {
        /// <summary>
        /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
        /// </summary>
        /// <returns></returns>
        [Gui.Design.WizardCondition("Indicator")]
        public Indicator.RangePullback RangePullback()
        {
            return _indicator.RangePullback(Input);
        }

        /// <summary>
        /// Trade range bars. Price above/below 100 EMA, two consecutive up / down candles and CCI above -50/below 50.
        /// </summary>
        /// <returns></returns>
        public Indicator.RangePullback RangePullback(Data.IDataSeries input)
        {
            if (InInitialize && input == null)
                throw new ArgumentException("You only can access an indicator with the default input/bar series from within the 'Initialize()' method");

            return _indicator.RangePullback(input);
        }
    }
}
#endregion

Quoting smatthew

Disliked

I've made a Ninjatrader indy to plot arrows for longs and shorts

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Quoting dennis4u15

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hi smatthew, is i possible to get the same indicator for MT4 platform...will be much appreciated. regards Dennis

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Quoting smatthew

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{quote} Sorry, I'm not familiar with MT4..

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Quoting Nexas

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I really would recommend using NinjaTrader with an FXCM datafeed. This way it is free. You will need to open an fxcm account here www.fxcm.com. Please note that demo accounts also work but only last maybe 30 days.

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Quoting cuchuflito

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Got Ninja working since a year, only limitation is few pairs (majours are there though!)

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Quoting 45drive45

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Hi smatthew, Nice work on the indi.

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Quoting DrNoStopLoss

Disliked

{quote} Hi smatthew, I just started using ninja trader. Thanks for the code to your new arrow Indy. Can you attach the Indy on here so I can put it in the correct ninja trader folder. I am not sure where to put the code you wrote to make a Indy and don't want to screw it up. Many thanks.

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Quoting smatthew

Disliked

Indy or no indy - if the person pulling the trigger sucks at determining when to trade and when not to trade, the following can occur: {image} {image} {image} {image} {image} {image}

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Quoting Nexas

Disliked

Thanks to all the technical guys out there that have been creating the indicators for NinjaTrader and MT4

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Quoting LazyPawn

Disliked

6. The systemS are here! Since everybody is now euphorically adding indicators and rules we no longer have one system. We have anywhere from 3 to 10 versions of the system, some of which having in fact very little in common with the original rules.
7. Chaos reigns supreme! With all those new additions and people posting like crazy charts and results using different setups nobody knows exactly what’s going on. The thread is full of requests like “can anyone point me to the latest official version of the system?”
8. We need them robots! Now that we know how great the system is it’s time to ask some great coders to make an EA. Which version of the rules should he use? We can try a few … maybe one will work.

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Quoting Pat1

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Hi All, Attached is the MT4 Arrow indicator for the one posted for Ninja Trader by smathews in post 104.

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Quoting smatthew

Disliked

Indy or no indy - if the person pulling the trigger sucks at determining when to trade and when not to trade, the following can occur:

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Quoting Jason Rogers

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{quote} {quote} Hi guys, Just to clarify, a NinjaTrader demo account with FXCM will remain active as long as you keep placing trades on it. FXCM demos only expire if they've been inactive for 30 days. Also, you can trade over 50 currency pairs with us, in addition to CFDs (not available to US residents) for stock indices, energy and metals. I don't want to interrupt your discussion thread further, but if you have any follow up questions for me, please feel free to ask me in the FXCM discussion thread: http://www.forexfactory.com/showthre...85#post7054485...

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Quoting JF_Derzi

Disliked

{quote} Pat1, nice work. But if I could add, the signal is only valid after a pullback. I don't believe that your indicator is testing if the were a pullback, I think it is only considering the CCI crossovers. An easy way to test for a pullback is to check if the HHV or LLV of the Average price ( (High+Low)/2 ) or Typical Price ( (H+L+C)/3 )for the last 5 bars is 20 pips away from the current price. I am considering 20 pips because we are using 10 pips bars. Could that be upgraded? {quote} Smatthew, I really believe that the point here is to determine...

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Quoting Pat1

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{quote} I do not believe a pullback within 20 pips of the ma is a valid argument unless its a criteria for the trading system described. a Pullback is a Pullback irrespective of where it occurs. A better approach would be to draw a counter trend line once an arrow appears and confirm end of pull back and continuation of main trend, in this case decided by the 100 ma. In any trading system, once the parameters are set, only act when the market is within your criteria for a trade otherwise stay away. Unless of course one can say with absolute certainty...

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