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Simple High Probability Trading

  • #181
  • Nov 13, 2013 1:20pm Nov 13, 2013 1:20pm
Quoting Ever E. Man
Does anyone have experience using NinjaTrader at FXCM? Does anyone know of another platform with range bars? I don't really like MT4's range bar complexity. (I didn't care for their disclaimer that states they may be taking the other side of your trade. Can't win trading against your broker long term.)
Amibroker has native Range Bar charts.

It is a cheap and incredible flexible platform. It can do everything.

Although, it is necessary to have a DataFeeder (eSignals, IQFeed...) and to have some programming skills to use it well.

And, the only broker I know that can use an Amiboker AutoTrader interface is Interactive Brokers (IB). It is called IB Controller plugin.

MT4 is really the standard platform for Forex, specially for EAs that trade by itself (not the case here).
  • #182
  • Nov 13, 2013 7:34pm Nov 13, 2013 7:34pm
Quoting JF_Derzi
{quote} Amibroker has native Range Bar charts. It is a cheap and incredible flexible platform. It can do everything. Although, it is necessary to have a DataFeeder (eSignals, IQFeed...) and to have some programming skills to use it well. And, the only broker I know that can use an Amiboker AutoTrader interface is Interactive Brokers (IB). It is called IB Controller plugin. MT4 is really the standard platform for Forex, specially for EAs that trade by itself (not the case here).
Thanks for the reply, JF!
I had a bad experience with IB once, so fool me once....and I don't have programming skills.
If I did, I would use the Zorro platform.

Yeah, I'm familiar with MT4. I've used it for a quite a while.

It just seems flukey to have to open a chart offline each time to use range bars.

Maybe I'll try NinjaTrader with FXCM.

I've traded commodities with it and it's pretty easy to use.

Hope your trading is going well! Thanks again!
The mind thinks, the heart knows...
  • #183
  • Nov 14, 2013 12:49am Nov 14, 2013 12:49am
Quoting Ever E. Man
Does anyone have experience using NinjaTrader at FXCM? Does anyone know of another platform with range bars? I don't really like MT4's range bar complexity. (I didn't care for their disclaimer that states they may be taking the other side of your trade. Can't win trading against your broker long term.)
Dukascopy JForex platform has native range bars, Tradestation too.
all is eternal - this is good news for people who loves bad news
  • #184
  • Nov 14, 2013 12:57am Nov 14, 2013 12:57am
Quoting meshka
{quote} Dukascopy JForex platform has native range bars, Tradestation too.
Thanks, Meshka! Dukascopy will not accept U.S. accounts. Not sure Tradestation would work for me, but thanks anyway!

Trade well!
The mind thinks, the heart knows...
  • #185
  • Nov 19, 2013 12:21am Nov 19, 2013 12:21am
Quoting Ever E. Man
...the equity curve of the combination of Z1 &Z2, which is Z12, the curve is smoother and much more profitable than either system individually.....
Correction: I misread the chart. Z12 is not more profitable. It' the same amount of profit as the combined Z1 & Z2. The equity curve is, however, much smoother & has smaller draw downs.
The mind thinks, the heart knows...
  • #186
  • Nov 19, 2013 7:45am Nov 19, 2013 7:45am
The markets have been a little boring of late... nothing much to report on... if you look at some of the longer term charts, we don't really have any real trends emerging which makes swing trading the shorter term charts a little more difficult.

I have had a few trades this morning and am currently down for the day. However I have a long Aussie trade on at the moment, so lets hope we get some movement.

Also something interesting about r:r. Last weeks trading was very slow and I only had a handful of trades... My strike rate was 36%... I know awful right! Well because my risk reward was very good last week I actually came out with a profit even with a disgusting strike rate like that!
  • #187
  • Nov 19, 2013 7:57am Nov 19, 2013 7:57am
Quoting Nexas
My strike rate was 36%... I know awful right!
Absolutely not ... because you have a great RR ... That's the combination of the 2 that does matter.
MT4/MT5 EAs/Indicators/Alerts coder
  • #188
  • Nov 19, 2013 1:34pm Nov 19, 2013 1:34pm
Quoting Ever E. Man
Does anyone have experience using NinjaTrader at FXCM? Does anyone know of another platform with range bars? I don't really like MT4's range bar complexity. (I didn't care for their disclaimer that states they may be taking the other side of your trade. Can't win trading against your broker long term.)
Hello Ever E. (and all) first post here just joined. New to FX, full time futures trader about four years now.

Thanks for your many contributions Ever E., have seen many scanning other threads which led me here. And thanks for the great thread Nexas!

Ever I too am not thrilled with MT4's range bar issues. New to MT4 /FXCM but have used Ninja for many years with Kinetick unfiltered data. It's an expensive feed but not when you apply through the CME waiver program. Have also read they have a premium Forex feed pkg., which I will be exploring further.

Anyway, have attached a trade in the YM this AM I was in using 15 Range bars. (late to the party had to pull stop up for +32) These are BWT (Blue Wave Trading) Precision Range Bars which you may want to consider if you explore the possibility of using Ninja/Range Bars further. Their Renko bars are great also, allowing you to control the reversal % of the bar as well as the size as per the true Renko formula.

My best, and Trade Safe!
Attached Image (click to enlarge)
Click to Enlarge Name: 11 19 13 YM 15R trade.PNG Size: 192 KB
  • #189
  • Nov 19, 2013 3:59pm Nov 19, 2013 3:59pm
Why do i have the impression that my range bars have different sizes?
Attached Image (click to enlarge)
Click to Enlarge Name: diff.jpg Size: 357 KB
  • #190
  • Nov 19, 2013 4:07pm Nov 19, 2013 4:07pm
I love these range bars. It makes the chaos price action more meaningful. I think a couple of trade discipline and money management will produce my holy grail.
  • #191
  • Nov 19, 2013 6:09pm Nov 19, 2013 6:09pm
Quoting bigfredo79
Why do i have the impression that my range bars have different sizes? {image}
The size of range bars is from high to low (if I am not wrong). They look different because of their body size ... but the high/low size is constant.
MT4/MT5 EAs/Indicators/Alerts coder
  • #192
  • Nov 19, 2013 10:44pm Nov 19, 2013 10:44pm
Quoting FerruFx
{quote} The size of range bars is from high to low (if I am not wrong). They look different because of their body size ... but the high/low size is constant.
@ FerruFx. Thanks man. I measured it and it's just as you said.
I am at peace with myself now.
  • #193
  • Nov 19, 2013 10:51pm Nov 19, 2013 10:51pm
Quoting bigfredo79
{quote} @ FerruFx. Thanks man. I am at peace with myself now.
MT4/MT5 EAs/Indicators/Alerts coder
  • #194
  • Nov 19, 2013 10:57pm Nov 19, 2013 10:57pm
perfect market entry.
- RB above 100 MA (up trend)
- Trend line broken upwards (showing a good up trend rebound)

filters
- CCI above 0 line

additional filter
- Var MA 50 is white (up)

Made about 10 pips with this trade.
(Don't mind the lot size, its just demo and it falls well within my MM if I ever had that kind of money)

Not bad for MY VERY FIRST TRADE with this strategy.
Hope for more brighter days ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: vv.jpg Size: 366 KB
  • #195
  • Nov 20, 2013 6:17am Nov 20, 2013 6:17am
I've just entered a trade. I'm keeping my fingers crossed.
- entry 1.35327
- BUY.

- I' m a scalper so . . . . I get my pips and vamoooos!!!
Attached Image (click to enlarge)
Click to Enlarge Name: in.jpg Size: 309 KB
  • #196
  • Nov 20, 2013 6:29am Nov 20, 2013 6:29am
Detailed view.

-entry buy eurusd at 1.35327
- stop loss 1.35213 (fib level)
- Target 1.35425 (fib level)
Attached Image (click to enlarge)
Click to Enlarge Name: det.jpg Size: 278 KB
  • #197
  • Nov 20, 2013 6:56am Nov 20, 2013 6:56am
Pfffffffffffffff
trade crashed in a ditch!

Lesson learned : RB was too close to 100 MA for a definite position to be taken.

Hum!
Attached Image
  • #198
  • Nov 21, 2013 5:05pm Nov 21, 2013 5:05pm
Hi Nexas! First of all, would like to thank you for this simple system! Very easy to follow and helps to avoid paralysis of analysis.

I have tried to setup the chart in exactly the same way you did, but as I've shown on the screenshots below what I see on my screen is very different from the screenshots you've posted here (I'm based in UK and connected to FXCM). Issue number one, the default CCI indicator within NinjaTrader is an oscillator and not the histogram that's seen on your screenshots (I'm using NinjaTrader 7), couldn't find the native histogram indicator within NinjaTrader and the one I found looked very different to what you posted. Secondly, the range bars are formed in a very different way, as seen on the screenshot, where I've marked the entry that's marked in your post. Any ideas why this could have happened? I'm thinking this might be related to datafeed somehow?
Any input from you would be much appreciated!
Attached Image (click to enlarge)
Click to Enlarge Name: EURNOK_20range.JPG Size: 70 KB
  • #199
  • Nov 25, 2013 11:23pm Nov 25, 2013 11:23pm
Quoting koletrader
{quote} ...Ever I too am not thrilled with MT4's range bar issues....These are BWT (Blue Wave Trading) Precision Range Bars which you may want to consider if you explore the possibility of using Ninja/Range Bars further. Their Renko bars are great also, allowing you to control the reversal % of the bar as well as the size as per the true Renko formula. My best, and Trade Safe! {image}
Thanks, Koletrader, for the kind words. & thanks for the NinjaTrader info.

Good luck in your trading adventures!
The mind thinks, the heart knows...
  • #200
  • Nov 26, 2013 1:11am Nov 26, 2013 1:11am
Quoting if-t
Hi Nexas! First of all, would like to thank you for this simple system! Very easy to follow and helps to avoid paralysis of analysis. I have tried to setup the chart in exactly the same way you did, but as I've shown on the screenshots below what I see on my screen is very different from the screenshots you've posted here (I'm based in UK and connected to FXCM). Issue number one, the default CCI indicator within NinjaTrader is an oscillator and not the histogram that's seen...
Hi if-t, to change your CCI to a histogram right click on chart which will give you indicator menu. Left click on CCI indicator on lower left side. Scroll down right side of menu to Plots, left click on CCI, then ckick on Plot style. Change from line to Bar. Hit OK.
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