There is an unsupported (don't even think about asking for help) hack for Ninja 6.5 if you are constantly running out of memory due to the .NET memory limitations (Ninja crashes around 1.5GB of memory use).
The hack requires:
- Expert technical knowledge
- …
Step 1:
Enter the trade on the 1st ECO entry signal after the eco line crosses the zero line IN THE DIRECTION OF THE OVERALL TREND LINE (MAYBE A 36 zerolag/zerolag dma).
Only taking trades in the direction of the longer timeframe trendline will hopefully avoid fakeouts without still allowing you to catch most of the profitable trades. I’ve noticed lots of times you have 6e or ES going long or sideways, then you get a little down (to shake people out of their long positions or get others to go short), then a big move up to leave to crush the quick entry shorts and disappoint the early exit longs. It's max pain on a small scale. I see this over and over again. In fact, you can see it in the screenshot.
Then, money management….
Step 2a - Take one contract off at 6 ticks of profit (which should be very easy to do on 6e)
OR
Step 2b – Take a stop loss on both contracts at 15 tick stop loss from entry point
Step 3 – trail the 2nd contract with a progressively tightening trail stop.
Let me know what you think.
P.S.... I'm guessing that your code will only test back a few days because of contract rollover...but that is just a guess.
You are right Todd, it is more about money management than anything else.
The only reason I would program a strategy is to hear that girl say "possible long signal" so I can watch a movie or something and come back to see what is materializing.
Version 2.
Here is a simplified version that seems to be doing much better.
It's all so discretionary, but this strategy would be what I should program to alert me that something is happening. I would still have all the indicators on as in the first Sym and would be staying out of flat ECOs.
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28657 tick... awesome!
Your charts are very nice, clean, simple. Great job.
I'd like to see more of your daily charts if you don't mind taking some shots here and there as the days go by. We have a forum just for that: Daily charts and profit/loss reports
Site Administrator Swing Trader Data Scientist & DevOps
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Todd,
I think it will depend on if you want an auto-strategy or a mechanical strategy.
For instance, instead of spending your life trying to program "chop", you can just watch the chart. If you are in chop, then don't have the strategy running. Once you exit, turn the strategy back on. This is the approach I favor. Roonius has something called Discretionary Buttons which put buttons right on your chart to make this incredibly easy, much easier than manually adding/removing a running strategy.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
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Maletor,
What I do in order to make my strategies not "jump in" is something like this:
I don't have Ninja up so I had to adlib some of that, but you get the idea. Basically, once you EXIT a position you want the "signal" to change to "justexited". Then you can test for that, and make sure you have a valid NEW setup, not just a continuation of a previous setup.
Make sense?
As for pullbacks, you can record the value of one of your primary signals (say the DMA adxvma line), and then compare price to that value. If price has moved a certain distance you could consider it a pullback, etc.
It started ok, but the strategy didn't get me out. It gave me a box that said I was in the market. I'm trading "CL", and I'm using NT 6.5 and then it said your strategy had an error trying to get out of the position. It just
gave me boxes. I got out of the boxes and I was still live so I had to call the trade desk and get flat. I was thinking I could use my strategy to get in right click and do a flatten all in the strategy box. If my strategy can't
get me out, I'm in deep dog dd! I think there is just an "exit long" or "exit short" and that should work. But anyway, I'm scared. I didn't get hit too bad. I'm down 140 bucks. I'm at Mirus. They gave me a good deal, a thousand per contract to trade CL. So, I have to study, study, study, manage, manage, manage, educate, eduucate, educate, learn, learn, learn! Any help, I would appreciate it!
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 798 since Oct 2009
just attended a presentation by the guys over at Symmetry Indicators,
they haven't ported over to NT7 yet, but are in the process, and it was one of the most impressive presentations that I have ever heard or seen over a webinar, not to be pushing or selling or endorsing their product.
the thing I liked the most was he lives in Florida, and is on the beach daily by 11am or there abouts, because he has already ripped the markets of his daily bread.
now that's the lifestyle to shoot for!
so, question, this thread is only coincidental in name or does it come even close to his approach?
I noticed there were more facets to his approach than just his symmetry dots,
usage of the often quoted Doji and Hammer pattern in quick order, which comprises a triangle pattern and projects a typical squeeze play
usage of the vastly longer term time frame and then the micro time frame to time the entry, trail and exit points
usage of predictive patterns that other majors (mutual fund operators, hedge funds and other large institutions) trade around
recommendation that on news days, trading at least 1min after the news events and being in there participating heavily.
regarding news event trading, has anyone else noticed the huge sweep orders that establish those long tails on either side of the candles? these orders ruin the best of the well placed orders that are resting on either side of a news event, and often rip one's accounts with maximum stoploss in under 1min.
While I can't speak for the value of his current product in Symmetry Indicators, I suggest you Google "Jay Wireman" before getting too excited about this. That does not mean to suggest that he couldn't have somehow stumbled upon something useful.. only that you should always carefully check out whom you would be dealing with if you were to pursue it.
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 798 since Oct 2009
this is a good discussion, however,
two things
1) with a 23,000 tick interval, holding a position would require an awesomely large drawdown capability, presuming premature entry on a verified trade, and a reversal occurring,
say your indicators say buy ES 1100.25 and it reverses 8 points (32ticks) negative, how long are you prepared to hold that trade (just to be proved correct)?
2) is it just coincidence that the thread is named symmetry?, or is there any correlation to what these guys preach / do / trade? Index
Site Administrator Swing Trader Data Scientist & DevOps
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Platform: My own custom solution
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Coincidence only, @Maletor was referring to an indicator/system I wrote a long time ago. Please create a new thread in the Vendor section to discuss the commercial business/indicator.