Session Templates and Price Action - futures io
futures io



Session Templates and Price Action


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one ValutaTrader with 6 posts (0 thanks)
    2. looks_two Fat Tails with 5 posts (0 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 Lornz with 1 posts (0 thanks)
    1. trending_up 4,272 views
    2. thumb_up 0 thanks given
    3. group 4 followers
    1. forum 12 posts
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Session Templates and Price Action

(login for full post details)
  #11 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,858 since Mar 2010
Thanks: 4,238 given, 26,770 received


ValutaTrader View Post
I guess you are at the core of my question there. It is not my intention to exclude data at all. I was in fact wondering why that happened when I use one of these templates. I pick an instrument, and in the Data Series dialog I tell it to be based on one particular template. Thats all.

So if possible; just let me know how to set this up without losing data/information. As I am obviously doing something wrong.

For one more illustration. The following to charts are of the 6E today. One of them with "Use instrument settings" template and one with "US Equities RTH". There are no other differences in my setup of these two.

Looking at the charts at 9.30 AM, one of them has an ADX value of approx 25 and the other approx 35.



Of course there must be a difference, because with the template US Equities RTH you exclude all the night session data. Therefore the indicator calculates the data series values from the remaining data only.

But why do you apply that session templates US Equities RTH to the Euro? This template is meant for stocks, not for FOREX.

The session template lets you select

-> from which data your indicator values are calculated - as you noticed you may exclude data from your calculations
-> the start and end time of the sessions, which in turn can be used by various session indicators

Reply With Quote

Can you help answer these questions
from other members on futures io?
Eurex Denali vs dxFeed
Sierra Chart
TD Sequential for NT or MW?
Platforms and Indicators
Is there inherently more opportunity in smaller markets?
Traders Hideout
MacdBB V402 NT804 + gradient + pullback not working on N …
NinjaTrader
1 min chart v-shape scan help please
ThinkOrSwim
 
 
(login for full post details)
  #12 (permalink)
 ValutaTrader 
Oslo,Norway
 
Experience: Intermediate
Platform: NinjaTrader
Trading: EUR/USD
 
ValutaTrader's Avatar
 
Posts: 66 since Apr 2011
Thanks: 4 given, 52 received

Thanks for the last clarifications.

I thought I could use the session templates to specify times of the day when I myself feel the liquidity is best for my strategies so that the strategies wont enter orders at other times. But by getting confirmation that the actual data are in fact excluded, I realize I cannot do that.

So I will continue to implement my entry logic (filtered by hours of the day) in the script instead.

Follow me on Twitter Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,858 since Mar 2010
Thanks: 4,238 given, 26,770 received



ValutaTrader View Post
Thanks for the last clarifications.

I thought I could use the session templates to specify times of the day when I myself feel the liquidity is best for my strategies so that the strategies wont enter orders at other times. But by getting confirmation that the actual data are in fact excluded, I realize I cannot do that.

So I will continue to implement my entry logic (filtered by hours of the day) in the script instead.

That is correct. If you want to limit the execution of your entry and exit signals to specific hours of the day, then you need to code timefilters and check for the filter before entering or exiting a position. Session templates with data holes cannot be used for this purpose, as this will affect the input values for all indicators used by the strategy and change the indicator output accordingly.

Reply With Quote


futures io Trading Community Platforms and Indicators NinjaTrader > Session Templates and Price Action


Last Updated on May 31, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

August
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts