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Millionaire in 10 weeks & Conversation with broker


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Millionaire in 10 weeks & Conversation with broker

  #261 (permalink)
 MerlinWorld 
Montreal
 
Posts: 128 since Jan 2013


TWDsje View Post
So I see the NT8 code for the signal indicator, but what exactly are the entry conditions?

I have no clue my friend.

That's what we will mastermind here if anyone here see some potential of course but 99.9% of member of this forum already think it's gone sink like the Titanic so I won't expect a lot of help here. It will be more done backstage by PMs and emails.


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  #262 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
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MerlinWorld View Post
Conclusion, Tim was right and we will need to lock in our contracts to get there and as to HOW LONG we will get there, only a good trading system will let us do it and only the backtesting will confirm this. Right now, I have no clue how long it will take because I don't have Tim's system.

Btw, what are you saying? That any strategy and backtesting won't work, and everything is doomed to fail?

Several here have tried to highlight the massive difference between theoretical backtests, which can show promising (even spectacular) returns, and actual forward testing/live experience, even on sound systems. In addition we have also highlighted the many similar attempts to use just this sort of indicator setup with special bars, where the results will usually be more misleading than average.

You should also take note to consider the fact that (as far as you have indicated) Tim only offered backtest results for his system - without significant forward testing at minimum and live running evidence in multiple market conditions he may not have had as profitable a system as you might assume either.

I am also quite sure that regardless of the fixed price/channel size advantages your approach claims as a benefit, it will in fact make it more prone to failure in changing market conditions and no less dependant on price (doesn't have to be lagging to be a price derivative that adds no extra information).

Whatever results you find it will eventually come down to a psychology test as well, no matter how automated anything is, getting large numbers of contacts filled is not a problem to be considered for a long time.

I am not a doomster, and you are of course free to completely prove me wrong, in which case I will take my hat off to you (I don't eat hats, and I don't expect to take it off, but just in case my humble pie is always ready.)

Just lower your expectations, and stay with the calmer attitude, dream as much as you need to but don't base any life plans or needs on this just yet awhile.

Have a good weekend.

Travel Well
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  #263 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 318 since Feb 2013
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here it is on a 5 renko crude oil chart....

doesn't seem to fit well

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  #264 (permalink)
 MerlinWorld 
Montreal
 
Posts: 128 since Jan 2013


RickW00716 View Post
here it is on a 5 renko crude oil chart....

doesn't seem to fit well

Well CLEARLY you CL guys will have to adjust the settings on the clouds because you shouldn't have this type of "cloud formation" on your chart. Clouds should be barely hovering above the price bars (see screenshot below).

Try chopping down the settings half and post again.


  #265 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
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Trading: ES
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MerlinWorld View Post
Well CLEARLY you CL guys will have to adjust the settings on the clouds because you shouldn't have this type of "cloud formation" on your chart. Clouds should be barely hovering above the price bars (see screenshot below).

Try chopping down the settings half and post again.


ok, I'll play around with it...I mistakenly thought your settings were universal to all markets

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  #266 (permalink)
 MerlinWorld 
Montreal
 
Posts: 128 since Jan 2013


RickW00716 View Post
ok, I'll play around with it...I mistakenly thought your settings were universal to all markets

Well so far, it seems to fit on all eMinis (RTY, ES and NQ). Again I don't have the CL feed.

Also, my settings are just that, settings that I came up with by just looking at my chart like you will do for your CL. I never said those were the best settings because I don't know yet.

  #267 (permalink)
 MerlinWorld 
Montreal
 
Posts: 128 since Jan 2013

After verification, I have to take back what I said because as you can see on the NQ, the (6,8,10,12) settings doesn't fit as well as the (9,11,13,15) one.

6,8,10,12 settings




9,11,13,15 settings

  #268 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 318 since Feb 2013
Thanks Given: 306
Thanks Received: 163

Here is a CL chart 5 renko with settings 1,2,3,4

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  #269 (permalink)
 MerlinWorld 
Montreal
 
Posts: 128 since Jan 2013


RickW00716 View Post
Here is a CL chart 5 renko with settings 1,2,3,4


Yeah that's pretty much it.

What you want is long white/blue lines but not too long because you want the indicator to change color fast when the trend change.

Show me a longer TF so that I can see a whole trading day in one screenshot...

  #270 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
Posts: 318 since Feb 2013
Thanks Given: 306
Thanks Received: 163


same settings 1 2 3 4 on a 1000 tick chart

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Last Updated on August 5, 2019


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