I just checked with NJ Customer Service. After moving the cs files to the Type Indicator, please follow the below steps:
From the Control Center select the Tools menu--> select the Edit NinjaScript menu item--> select Indicator
Select an indicator (any indicator and do not have to find that specific indicator as it may not be listed) and double click on it.
A new window will appear and press F5 to compile (it will compile everything).
Do you know if these RBs work on nt 7 or just 6.5? Is there a description of them anywhere that you know of? I'll search the forum after I send this reply, so if it is obvious, that's a rhetorical quest but if not, I'd appreciate any explanation you can offer. It took me a while to get the strategy going today since my murrey maths weren't working and I had to dnload a new .zip - think the one I had was for nt7. Anyway, by the time I got it going, it was nearly time to quit - had 2 6E trades, both 6 pip stop outs, sad to say. Does the strategy only work on 1 chart at a time? I was trying to run it on TF also and it didn't run but not sure if it was after I fixed the MM issue or maybe nothing set up - I did change the time to keep it going on TF past 11:30 tho. Someday, I'll have my act together!
Check the download section: Aslan has contributed BetterRenko and BetterBrick for the NT7 and I suggest you have a look as you explore the bar types available. Other NT7 renko types are also available from within NT7.
Beth, when I ran the strategy, it placed orders and stops automatically. Do you allow it to execute or do you cancel them and manually put in yr orders when sim trading? Also, what criteria are used for the signals? I saw some that looked like entries and there was no signal. Does the angle of the MA need to be a certain steepness? How does it use the Murrey Math lines? Also, I saw signals when the ADX was red - isn't it suposed to filter for that? This is the 1st time I've really seen it work so maybe my observations are wrong. I was watching NT7 on another PC at the same time, trying to see entries there too. My big fault is I always bite off too much to chew all at once!! LOL
It is more that I would have expected a signal and it didn't trigger. Not too sure my observations are true, though, as it was my 1st day and I foolishly had my attention split on 2 PCs and 2 screens. I was watching 6E and TF on different time frames and I am not that talented, I'm afraid!
I will try to be more focused tomorrow. Have you noticed on the live chart that a method 1 entry seemed to be occuring and the strategy didn't signal it? I think the MA angles were pretty shallow at those times, maybe 4 degrees or something like that - then by bar close or during the next bar, if it goes against the direction you were watching, the angle also changes. But I am no expert on recognizing the signals - in fact, I have made trades, in sim, of course, and seen too late that I forgot something and it wasn't a valid entry.
Signals (lime and orange arrows for the Set Up bars) triggered will not capture the valid ones 100%. Why?
1. All coded requirements MUST be met at the same time for the Set Up bar else it will not trigger.
2. Certain indicators have CalculateOnBar False. For example, you will see FI (panel 2) keeps switching from Red to Green (which happened to me this morning when I was in a Short trade). Same for the ADX Green label on the Bottom Left. When you're watching the indicators/chart on live, you will see what I mean.
3. I bet we will always have trades that're not captured by the strategy because they're after the fact. Please bear in mind that some of the indicators are lagged.
Hope the above help.
Regarding Renko bars, I only have experience with MedianRenko. The Wizard is a big fan of the same. I believe he mentioned why in some of his posts esp the first page on The Wizard's threads. Note: He recommends even-numbered settings say 4-MedianRenko and 6-MedianRenko. My belated thanks to Trader.Jon for his suggestion.
1. Go through Perry's suggested method(s) again. For example, you don't need to worry about MA's angle though you may modify the set up to meet your preference.
2. Murrey Math Lines for Support/Resistance so that you know if you may have enough room to hit PT before entering into a trade.
Now let me address your raised issues re my sim-trading (incl real ones):
1) I've not been using the strategy and only used it for 2 short sim-trading sessions to visualize the set up in early Aug. When I was sim-trading the strategy, I let it run without any manual interference, ie either hitting PT or SL. My focus was: upon plotting of a lime or orange arrow, I quickly tabulated the entry point and compared mine with the automated one. I also did my homework EOD going through a few weeks' automated trades to enhance my understanding on the method. How to have the historical trades on the chart?
- I had a chart with 30-45 days data
- Sim-ran the strategy on the chart
- Right-click on the strategy (Strategies tab) and choose real-time and historical performance
- Went through the trade log and validated the signals on the chart
2) For both my sim- and real trading, I have been spotting the signals manually without the strategy. Why? It already enhanced my understanding on the method (like the training wheels on a kid's bicycle) and I can live without it now. If I have any doubt in the future, I will run it again.
It depends on your chart. If your chart is a 30-day one, you will be able to review the trades happened for the past 30 days (also based on your specified trading hours on the parameters). That's how it works:
1. Open a 30-day chart on your preferred trading instrument incl your preferred interval settings (eg 4-Range)
2. Right-click on the chart and select the strategy you want to run
3. Modify the parameters (incl SL/PT and trading time etc) before press OK
4. Control Center - Strategies Tab - you will see the active strategy list
5. Right-click on the strategy and select real-time and historical performance
6. Go to the Trade Log and compare them with the signals/trades on the chart
7. Be sure you choose MarkersOnly or TextandMarker on the Chart Properties for the review
8. You can only run a strategy (sim or real) when you're connected with a data provider
Oh, almost forgot to address your raised question on the No of strategies you can run on the same chart. I tried 4 before though encountered occasional out-of-memory issues. Depends on your computer and number of charts you have. I will say 2 is good.