NexusFi: Find Your Edge


Home Menu

 





Help needed to convert my system to Nt7...!


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one forrestang with 41 posts (34 thanks)
    2. looks_two linkon7 with 31 posts (13 thanks)
    3. looks_3 Big Mike with 4 posts (7 thanks)
    4. looks_4 dar17 with 2 posts (1 thanks)
      Best Posters
    1. looks_one Big Mike with 1.8 thanks per post
    2. looks_two forrestang with 0.8 thanks per post
    3. looks_3 dar17 with 0.5 thanks per post
    4. looks_4 linkon7 with 0.4 thanks per post
    1. trending_up 45,164 views
    2. thumb_up 55 thanks given
    3. group 11 followers
    1. forum 77 posts
    2. attach_file 33 attachments




 
Search this Thread

Help needed to convert my system to Nt7...!

  #1 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60

Can some kind soul please help me by converting my system to NT7. I use amibroker and want to shift to nt7 as amibroker uses 5 sec snapshot and is very poor at handling range bars and volume based bars.

my system looks like this...

[img]http://s1.postimage.org/yec3hyhzy/image.png[/img]
upload gif

I have attached the code of amibroker.

Thanks in advance...!

Attached Files
Elite Membership required to download: price.txt
Elite Membership required to download: floorRoof.txt
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #3 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60


Advanced PA traders have years of experience and are experts at subjective reading of price action on the chart. They prefer having simple price charts with bare minimum indicators cluttering the chart.

I prefer having a set of rules that are easier to follow and prefer having arrows that tell me when to take the plunge. I rather have the system does all the brain storming and leave me with simple option of just pressing the trigger , enter the stop loss printed in bold on the screen, place my take profit level, tells me when to add to my position and when to cash in all my chips.

There is a big problem when we try to mathematically define human traders making trading decision based on their own analysis on their own time frame and their desperation to act is plotted on the chart in the form of price bars/ candles. Price movement is totally random and its foolish to predict which direction market will move. However it is possible to identify certain patterns that has a habit of repeating itself.

On a trade by trade basis, it is impossible to know which trade will work. But over a series of trades, taken based on the same pattern, the trader has an edge as law of average will ensure profitability.

This system is one such attempt at identifying such patterns.

Reply With Quote
  #4 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60

Our first objective is to isolate when market is in a trading range and when its is suffering a range extension that can possibly give rise to a trend.

When market is sideways and is trading between a narrow band, it normally signifies an absence of bigger time frame players. We need to fade the extremes on such days and cannot afford to wait for confirmation as that will delay the entry and effect a poor trade location.

To demarcate the sideways phase of the market, i use the concept of TTM squeeze, only instead of using keltner band, i prefer using accelerator band of Price Headley and its co-relation with boilinger band.

A simple price chart like this
[IMG]http://s2.postimage.org/kjkyoo4wz/image.png[/IMG]
upload gif

becomes something like this when i add the accl band and BB band.

[IMG]http://s1.postimage.org/62sdqetwp/image.png[/IMG]
adult image hosting

The band in yellow is the standard boilinger band.
The band in blue is the accl band.

Boilinger band is designed to measure the std deviation of the close of the price bar from the simple moving average. Accl band is also a volatality band, but it is more adaptive in nature and tries to keep 95% of the price action inside the band. unlike the Boilinger band, it does not try to encapsulate all the price bars and lets price accelerate out of the band.

[img]http://s2.postimage.org/h14sadj2i/image.png[/img]
image hosting

Reply With Quote
  #5 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60

The 2 bands together form the backbone of this system.

when the yellow band (BB) is inside the blue band (ACCL) then, we can assume that price is trading in a range and preferred entry would be closer to the bands with a target of exiting all positions near the opposite end.

[img]http://s4.postimage.org/dd50h042e/image.png[/img]
image host

Reply With Quote
  #6 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60

When the blue band is inside the yellow band, we can assume that market has picked a direction and we want to ride this moves while adding on to our existing positions.

[IMG]http://s4.postimage.org/ymtx2wa4o/image.png[/IMG]
free image hosting

Reply With Quote
  #7 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60

personally i prefer using a cloud to fill the gap between the two band. When the accl band is inside the BB band, the color is blue. A ribbon below the chart confirms me that a trend is in place.

[IMG]http://s1.postimage.org/63e8y80wp/image.png[/IMG]
wordpress image hosting

when the BB is inside the accl band, that's the fade the extreme phase of the market... i prefer having the cloud painted dark green and the ribbon painted as yellow. This phase is when i want a hit-and-run kind to trade where i scalp from one end of the band to the other.

[IMG]http://s1.postimage.org/k9ugctsqz/image.png[/IMG]
image hosting

Reply With Quote
  #8 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60

[img]http://s3.postimage.org/qkjhpdtnq/image.png[/img]
png upload


Had 3 trades today so far...
2 great trades that met tgt..
one that i got partial exit... and balance hit sl...

Reply With Quote
  #9 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
Experience: None
Platform: Ninja, MT4, Matlab
Broker: CQG, AMP, MB, DTN
Trading: E/U, G/U
Posts: 1,329 since Jun 2010
Thanks Given: 354
Thanks Received: 1,047

I looked over the script for your indies yesterday.

They should be easy to script, particularly the oscillator in the bottom. The one at the top as well, although it was longer and I didn't look at it as much.

I dunno if you still want this in NT7? But this weekend I should have some time to lend a hand.

Reply With Quote
Thanked by:
  #10 (permalink)
linkon7
India
 
Posts: 73 since Sep 2010
Thanks Given: 52
Thanks Received: 60



forrestang View Post
I looked over the script for your indies yesterday.

They should be easy to script, particularly the oscillator in the bottom. The one at the top as well, although it was longer and I didn't look at it as much.

I dunno if you still want this in NT7? But this weekend I should have some time to lend a hand.

Thanks for your trouble. reason for shifting to nt7 is its better handling of range bars and other bar types.

The oscillator at the bottom is a simulation of the price action on the top chart, where we track the momentum and look valid divergence at the extremes.

appreciate your effort....!

Reply With Quote




Last Updated on December 9, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts