Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I started playing with the Multicharts demo, and it deals with multiple feeds very well.
I have always had difficulty getting some indexes or symbols, that Zenfire does not provide, into Ninja. I used to use external databases to save/process/load the data from Tradestation into Ninja. This worked, but was tedious and used a lot of resource. As an example, I like to put the $TICK up with the ES.
In Multicharts, you just open up the quote manager and add a new symbol and specify which feed it is from. It takes care of the rest. They even have nice videos showing you how to do it.
I can now put symbols from Zen, Tradestation, or others on the same chart and it just works. I have been trying to get rid of my Tradestation feed since it did not work well with NT, but with MC I can now use it seamlessly with my other feeds.
As a bonus, I can also use the Tradestation continuous contracts for backtesting, another feature that NT is still trying to get working.
You can also power a chart from more than one data feed. For instance, you can select a Historical data feed and a real-time data feed for the same chart.
I like being able to also have both a Zen-Fire and IQfeed powered chart (real-time) to compare them side by side.
My impression is MC blows NT away in this instance.
I am close to throwing in the towel on NT7. I have strats that need to get coded and I fear it will be a waste of time until there is a public beta which may not be in my lifetime.
I would caution you on accepting trade results based on RENKO OR 3 LINE BREAK charts without detailed review.
When my partner and I configured a strategy based on the 3 LINE BREAK Chart(Breakout Strategy) and performed backtesting the results were almost too good to be true. We later determined that because price moves within the bar, our trades were being executed at more favorable results than possible which skewed our backtest results.
Using the same strategy, we used Global Variable output signals from the 3 LBC(if Breakout Go Long Trigger/ Go Short Trigger) and fed them to a regular tick chart as permissive for Entry. The regular tick chart placed the market order.
New at posting here so hopefully this goes through. Anyway, attached are a few screenshots and some indicator code that you can use to verify proper firing on your signals. If you use ADE then you'll need the modified code attached. If you use multi-data sets, then you can readily convert the code snippets to accommodate.
I'm sure you don't need help troubleshooting or programming so that's not my intention by providing these items, it's that you can see from the graphic that you provided that those fills are highly unlikely and can only be verified by applying them to a tick chart.
I attached the situation that I'm refering too, in 120T graphic. Please verify also barstatus = 2 so your signals fire on the Close of the RENKO.
Perhaps this will help too - if you look at your order placement on the RENKO, it's difficult to say how price is moving within the bar, hence how do you know that your orders are filled unless price ticked through it?
I've attached strategy results similiar to your concept for your use.
Don't get me wrong, I think the RENKO and 3LBC have potential and I'm working on this concept too. Perhaps all that's needed is some type of confirmation of the breakout; avoiding the head fake bars rather than reversing.
I think Mike's original request was to see what the results for his test would look like using NT 7. If you care to convert his code so we can see those results, great!
