Attachments: Ratios & Harmonics: a Different Way to Trade

Ratios & Harmonics: a Different Way to Trade

#28,521
May 6, 2017 10:29pm May 6, 2017 10:29pm

Ockham
Joined Jul 2016 | Status: Trader | 469 Posts

Quoting Milfortra

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{quote} Sorry to hear about your bad experience on NT. So far I have never had any issues with NT concerning closing or opening a trade. It is almost instant and I find it very reliable. I have a separate machine for trading and a different machine for all the other stuff (YouTube, FF, mail, Mr. Pips thread....) so I don't know if this is the difference. The other option (for closing a position) is probably moving your Stops (either TP or SL) aggressively but I would personally look into the matter you are presently experiencing before doing the...

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Thanks buddy, as you i like trade to trade the most professionally possible, so i also have also a separate machine just for trading, i m using a vps for this so execution is also faster nothing else than nt is running so i could trade in the same way from my pc, my mac or even my ipad with windows remote desktop

There is no way to happiness , happiness is the way.

#28,522
May 6, 2017 10:32pm May 6, 2017 10:32pm

Milfortra
| Joined Jan 2014 | Status: Trader | 1,089 Posts

Quoting lithium1

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Thanks for sharing Milfortra, looks like you wait for all confluences to take trade. So far do you find following so many confluences gives you better win rate?

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Yes, it does. And the wonderful part is if your assessment is wrong, you can still go for a graceful exit.....

Well, my account as been growing slowly but steadily.....so confidence level keeps building and the win/loss ratio really really helps in maintaining a healthy account...

Guys - look at it this way, the more hours you put in for your screen time, the better you become in reading the PA. Just look at the videos by Pip from 2012 and you can see that he trades more or less the same way. I believe he has put in more like 20,000 hours in screen time(Malcolm Gladwell -Outliers). I remember him saying that he spent so many hours on screentime that he had to pick up his eyeballs everytime it dropped out!

#28,523
May 6, 2017 10:32pm May 6, 2017 10:32pm

Ockham
Joined Jul 2016 | Status: Trader | 469 Posts

Quoting lithium1

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So far, the only feature NT has that is important to my trading compare to MT4 is the tick chart. I am actually viewing both to trade now. So far I find occasionally they are different in momentum and bar to bar rotation. But results doesn't tell me following tick charts gives better win rate or better entry. How about you guys?

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If your only concern with mt4 is tick charts you can solve this using this indicator in free trial : HERE (https://ovo.cz/products/offline-charts-for-mt4/constant-volume-bars/). Of course fx broker will not provide really ticks like futures brokers but you coul have a look if it suits for you, with this NT experience i will check this week as well.

There is no way to happiness , happiness is the way.

#28,524
May 6, 2017 10:37pm May 6, 2017 10:37pm

Milfortra
| Joined Jan 2014 | Status: Trader | 1,089 Posts

Quoting Ockham

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{quote} Thanks buddy, as you i like trade to trade the most professionally possible, so i also have also a separate machine just for trading, i m using a vps for this so execution is also faster nothing else than nt is running so i could trade in the same way from my pc, my mac or even my ipad with windows remote desktop

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Wow! That is as professional as anyone can become. I used to trade with VPS(with EA) and teamviewer, in order to monitor trades on the run but now, I have strictly kept my trading hours free from anything else. I actually wouldn't say free from anything else cos I still have Mr Pip's voice at the background....

#28,525
May 6, 2017 10:39pm May 6, 2017 10:39pm

lithium1
| Joined Feb 2012 | Status: Trader | 567 Posts

Thanks Ockham, nice Info

#28,526
May 6, 2017 10:41pm May 6, 2017 10:41pm

Milfortra
| Joined Jan 2014 | Status: Trader | 1,089 Posts

Quoting lithium1

Disliked

So far, the only feature NT has that is important to my trading compare to MT4 is the tick chart. I am actually viewing both to trade now. So far I find occasionally they are different in momentum and bar to bar rotation. But results doesn't tell me following tick charts gives better win rate or better entry. How about you guys?

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Personally, I find reading the tick chart awhole lot easier than a time based chart(MT4) or a priced based chart(Renko). But according to Damian, all prices brings us to the same place eventually.

#28,527
May 6, 2017 10:49pm May 6, 2017 10:49pm

lithium1
| Joined Feb 2012 | Status: Trader | 567 Posts

Thanks Milfortra. My win rate has dived recently. I will try to follow strictly on all the confluence now. Let's see how it goes.

#28,528
May 6, 2017 11:00pm May 6, 2017 11:00pm

lithium1
| Joined Feb 2012 | Status: Trader | 567 Posts

Looking back to my journal. If I follow all the confluence, my trading frequency will reduce by 70%. Means many nights I will be just sitting and watching with no trades because I only trade 2-3 hours a day. Well if this brings better win rate, I'm ok with it.

#28,529
May 7, 2017 1:10am May 7, 2017 1:10am

Milfortra
| Joined Jan 2014 | Status: Trader | 1,089 Posts

Quoting lithium1

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Looking back to my journal. If I follow all the confluence, my trading frequency will reduce by 70%. Means many nights I will be just sitting and watching with no trades because I only trade 2-3 hours a day. Well if this brings better win rate, I'm ok with it.

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That's what happens to me on most days too..just watching days

#28,530
May 7, 2017 5:04am May 7, 2017 5:04am

lithium1
| Joined Feb 2012 | Status: Trader | 567 Posts

In that case, maybe should trade more instruments to get more frequencies

#28,531
May 7, 2017 7:40am May 7, 2017 7:40am

crixus
| Joined Jul 2014 | Status: Trader | 270 Posts

Quoting Ockham

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NINJA TRADER Warning. Hi traders, i did not want to post this here because i was thinking this could be solves easily with the NT support but...

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Hi Ockham,

What version of NT are you talking? 8 or 7? Just for your info. i did not switch to NT8 yet as i tried it once and found a few bugs right out of the box so my plan is to wait for a year minimum to switch or i might just as well use another platform like Sierra chart or Investor RT from Linnsoft as both platforms are strongly equiped with volume tools.

#28,532
May 7, 2017 8:39am May 7, 2017 8:39am

Ockham
Joined Jul 2016 | Status: Trader | 469 Posts

Quoting crixus

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{quote} Hi Ockham, What version of NT are you talking? 8 or 7? Just for your info. i did not switch to NT8 yet as i tried it once and found a few bugs right out of the box so my plan is to wait for a year minimum to switch or i might just as well use another platform like Sierra chart or Investor RT from Linnsoft as both platforms are strongly equiped with volume tools.

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Hi crixus thanks for your feedback, i think your right because i'm using NT8 and as a new user i'm using the latest version, may be a mistake. But 2 things, first as you know we are using in this thread only the tick counter indicator so really basic features and second the chart trader imho is one of the most important features because it is with this we place our order so for a 1000$ platform, could not we expect that this basic features have to work perfectly ?
But ok nevermind even if there is a bug this could happen, or not, but when this happen i was expected an complete different answer from a firm like NT... reason why i'm very disappointed about this today.

Sierra chart is also an option, i don't know Investor RT but i will have a look at, thanks. You know the only features i'm looking for is clear chart like trading view and a trade manager with SL multiple TP and break even option but i'm starting to think that platforms like to satisfied people using complex indicator and do not pay too much attention to essential features !!! unfortunately

There is no way to happiness , happiness is the way.

#28,533
May 7, 2017 1:21pm May 7, 2017 1:21pm

PeterT
| Joined Nov 2016 | Status: Trader | 1,121 Posts

Quoting Ockham

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NINJA TRADER Warning.

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Hi Ockham
I am also considering NT for trading.
Your story concerns me. Especially the response from NT support is worrying. We'll see how it develops. That button is really basic functionality. I don't think it was you being naive. I'd also expect that the more I push that close button, the more closed my trade is

I would certainly not expect any new trades opening

The major downside to NT, in my opinion, and if I am not mistaking, is that your SL and TP are only executed when your PC is running the software and your internet connection is okay. I experienced this while running the demo. I lost internet connection for a while and when it was restored, I saw price went beyond my SL without exiting the trade. Maybe that's normal behaviour for some users. I'm coming from MT4, which has other disadvantages, but at least you can set a SL that will be executed server-side so you don't have to worry about your internet connection failing or any other hardware or software failure.
With NT, it seems like you need backup PC's, routers, modems, a guaranteed internet connection formula and so on.. certainly when you're trading a high number of contracts..
Am I right about this? If yes, how do you make sure you are not cut off while in a trade? Do you have spare hardware for everything?

Grtz Peter

#28,534
May 7, 2017 6:19pm May 7, 2017 6:19pm

lithium1
| Joined Feb 2012 | Status: Trader | 567 Posts

I remember I left pending orders like SL and TP and off my PC overnight. Next morning my position is closed at TP.

If what you mentioned is true. That's a big risk for using NT!

#28,535
May 7, 2017 8:09pm May 7, 2017 8:09pm

Pair-me-up
Joined Nov 2009 | Status: Trader | 2,232 Posts

I found this extremely interesting.... http://ninjatrader.com/support/forum/showthread.php?t=94152

Luck has no place in trading. Leave that for the poker table.

#28,536
May 7, 2017 9:48pm May 7, 2017 9:48pm

Ockham
Joined Jul 2016 | Status: Trader | 469 Posts

Quoting PeterT

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{quote} Hi Ockham I am also considering NT for trading. Your story concerns me. Especially the response from NT support is worrying. We'll see how it develops. That button is really basic functionality. I don't think it was you being naive. I'd also expect that the more I push that close button, the more closed my trade is I would certainly not expect any new trades opening The major downside to NT, in my opinion, and if I am not mistaking, is that...

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Hi PeterT, i most than agree that the close button is really a basic functionality and i'm also very disappointed by NT's support. I was not aware about the SL and TP orders was not on server's broker, and on the link provide by Pair-me-up NT answer is still not clear for me, not sure if i will be trading live again with NT before all doubts arise.
Probably Mr.Pip or others could help us to clarify this.. This is a really boring situation because we are making a lot of effort in trading and one more time naively we could hope a stable platform for 1000$, atm i'm happy, or less unhappy to just lease the platform for 3 months