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hen322's SharkIndicators Bloodhound Getting Started Journal


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hen322's SharkIndicators Bloodhound Getting Started Journal

  #11 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276


Sandpaddict View Post

Thanks again hen322!

"Thank" my post bro
I'm glad you are staying with it!
I think that's another general truth about trading, is that you do best when you do it alone, as in having no distractions, which includes the negative opinions of others or their 2 cents.

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  #12 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276

More Thoughts About BloodHound

Sometimes the values in the solvers gets a little confusing, but so far, this is what I found out.

"In the Indicator Comparison, under INPUT section, if you select Price, the Lookback Period option uses (1) for the current bar, whereas if you use an indicator as an INPUT, it's Displacement option is 0 for the current bar. Try to not get confused...I did for a little bit, all these 0s and 1s spends my head around like you wouldn't believe.

Their "Signal Extender" will start counting the next bar as the first bar, right after the first signal, and not the first signal as the first bar."


It takes alot of studying to learn bloodhound, but it is alot faster than learning how to code in C#.
I am putting in the work.

I've been getting use to testing in the logic board by connecting each node straight to the result node to see the signal output on the chart, and troubleshoot that way. By the time I look at the clock, 2 hours pass by, and time flies by so fast when you are having... doing this.

The videos and documentations are fantastic, it just takes alot of time. But BloodHound is the type of software that I've been wishing for, ever since I started chart trading futures.

I want to focus exclusively on bloodhound so I can learn it faster, but at the same time, I'm focusing on orderflow scalping. I'm trying to study both, and it's alot of work. But I want it, I have the desire and passion for it, so I'm going to push for it.

So far, I've been implementing the siChameleon indicator into my Bull Flag Strategy, to get more signals and opportunities, but the ES is starting to get choppier than before, so the strategy isn't producing profit as much as last week.

I watched another video about the Support and Resistance Solvers. I'm going to try to implement that into my strategy. But the videos that use the renko bars is catching my interest too. So I'm going to look into that.

I wish @SharkIndicators could condense their videos more. That would speed up the learning process.

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #13 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276


BloodHound Webinar Today and Mean Reversion Video

I attended the webinar this morning. It was a good turn out of people, but after the instructor finished creating a system that someone requested, no one had any questions except me. I think I know why.

Let me tell you something about learning this kind of software....
You can't just sit there and just listen. Your mind will wonder off, or it would be too difficult to follow along and get lost. What you need to do is create the system with the instructor. Why? Because....
1. It will help you follow along...even if you don't know what the values mean or what you are changing. Doing it with them helps keep your mind locked in to what the instructor is showing on the screen.
2. The more you get involved in some way, such as clicking, typing, and copying the instructors screen will help you remember.

During the webinar, I learned more nodes that he used, which was the signal blocker and the toggle nodes.

Later on, I watched the "BloodHound Workshop-Mean Reversion System."
That was over 2 hours long. Most of it was a bunch of talking at the beginning and at the end of the video. I think I'll create a shorter video tomorrow and see if it is more helpful for some.
I'll also cover what the video showed on how to begin with the solver tab to quickly create your strategy, and then use the logic board to fine tune it.
It also showed how to use the "Indicator Threshold" and explained what the "Ratio" node is used for. You will also learn and understand that BloodHound begins with returning the signal that's 80% close to the targeted level. Meaning, if you think that your signal is given once it reaches the level you decide, the signal will actually be given once it reaches 80% of the way there. So in other words, the signal will be given once it is 20% before the target. I'll show you how to change the option to 100%, which will give the signal once it reaches exactly there.

I think I'll create a 10-15 minute video so that way you wouldn't have to sit through @SharkIndicators 2 hour one.

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #14 (permalink)
 
Ron8's Avatar
 Ron8 
Toronto
 
Experience: Beginner
Platform: NinjaTrader 8, TOS
Trading: Emini ES
Posts: 32 since Jul 2019
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hen322 View Post
BloodHound Webinar Today and Mean Reversion Video

I think I'll create a 10-15 minute video so that way you wouldn't have to sit through @SharkIndicators 2 hour one.

That would be great, hen322. I for one find their videos not very organized (currently organized according to the date presented). I think they should group it according how functionalities are used or according to the indicators, etc.

Thanks in advance.

Ron

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  #15 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276

Concise Version of "BloodHound Workshop-Mean Reversion System."

After taking all 4 of BloodHound's introductory videos, two Thursday webinars, and two workshop videos, I feel competent enough to use this software very effectively. I am not trying to boast about this, but to share some sort of a benchmark for the time it took a person like me, who had no idea of how it worked.

Before watching the video, please setup your charts according to the following....

Indicators:
EMA(8) on the 421 tick chart (main)
EMA(18) on the 1350 tick chart.
Stochastics (both) use only K line. High 85, Low 15.
Bollinger on both (with default settings).

List of Conditions for the Signals.
Short Entry: (long entry will have the same rules).
1. Price is above the EMA(8) on the 421, and
2. Price is above the EMA (18) on 1350, and
3. Both stochastics are above 85 and
4. Both stochastics are descending (or beginning to descend) and
5. Price is above the upper bollinger band.

By the end of the video, not only will you know how to create your own strategy, but also grasp a bigger understanding of how the software works.

Thanks again, SharkIndicators, for creating BloodHound!



A special thanks to all who have thanked my posts in this journal! Without them, I wouldn't have had the motivation to make this video.
@casey44 @dwt51 @Mich62 @Sandpaddict @SharkIndicators @tenders @Ron8 @Big Mike @MrTrader

If anyone would like me to make another concise video of one of BloodHound's Workshops, post the request here!
Here is a link to their BloodHound Workshop YouTube Channel:
[yt]https://www.youtube.com/playlist?list=PLHWkCZYe17nXpUkUBpESmFSGs-4hBl7lp[/yt]

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #16 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276

Concise Version of "BloodHound Logic Node Tutorial."
(Ratio, Additional, OR, and AND Nodes)

Before, I didn't know how the Ratio Nodes worked. I introduced it in my last video, but didn't quite know how to adjust it properly. I came across their video on it. It is found in the link below.

BloodHound Logic Node Tutorial


Concise Version
Their video is 20 minutes long. But if you want to see a "concise version" of it at 4:30 minutes, then check it out below.


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  #17 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276


Ron8 View Post
I for one find their videos not very organized (currently organized according to the date presented). I think they should group it according how functionalities are used or according to the indicators, etc.

Complete List of Videos

Agreed. Their YouTube Channel BloodHound Workshops section needs more work. Their "BloodHound Getting Started Guide" webpage in their website seems to be as organized as they could get so far. I made a list of all the videos they have that is currently available. With this list, I can quickly scan all the videos available instead of browsing from webpage to webpage. Use the ctrl+f (find function) to search for the videos of interest, then do a manual search in their YouTube or website, to get the video.

(Note: All bold and italics are not videos)

-BloodHound Getting Started Guide-
https://www.sharkindicators.com/documentation/bloodhound-getting-started/

(Quick Start Videos)
Installation and Setup
Creating a Basic System
Using Multiple Timeframes
Backtesting with Raven

How to Determine Trend Direction - Part 1
How to Determine Trend Direction - Part 2
Price Bar Solvers
Logic Nodes In-Depth

-Time to Learn the Solvers-
(In Depth Videos)
Principles of How Solvers Work
Solvers 1-2-3 (Bar Direction, Bar Length, Indicator Change in Slope)
Solvers 4-5-6 (Indicator Comparison, Indicator Crossover, Indicator Inflection)
Solvers 7-8-9 (Indicator Slope, Indicator Threshold, Regression Channel Position)
Solvers 10 (Regression Channel Width)
Solvers 11-12 (Support Resistance, Dorschden Swing Trend)
Solvers 12-13 (Dorschden Swing Trend, Dorschden Swing Volatility)

What is Fuzzy Logic
How to Nest Indicators Within a Solver
Tips and Tricks (Time Session Solver End of Day Exit Logic; ADX Rising Slope)

-Time to Build Some Systems-
Classic Stock System
Counter Trend VWAP & Stochastics System
Opening Range Breakout System
ADXVMA and SuperTrend System
Swing Trend State wCCI, MACD, & RSI
Stochastic Pullback with Double EMA Filter
Mean Reversion System (hen322 made Concise Version)
Renko Pullback to Fast SMA
MomentumBB and Keltner Channel System
Regression Channel Pullback Signal

-Congrats! The Major Work is Done-
Raven Backtesting (Time to Test It)
Frequently Asked Topics
(Linking Multiple Trade Conditions/Rules Together,
Allowing a Specific Number of Signals per Trend Direction,
Isolating the 1st, 2nd, or 3rd Trend Signal,
Blocking Signals When Price is X ticks Away From a MA,
Identifying Market Consolidation,
Specifying a Min & Max Number of Required Pullback Bars,
Detecting Double Tops or Bottoms,
Detect When an Indicator Crosses the Zero Line by at Least 0.3 or -0.3 or More)

[END OF "GETTING STARTED"]

-BloodHound Workshops in YouTube Channel-
[yt]https://www.youtube.com/playlist?list=PLHWkCZYe17nXpUkUBpESmFSGs-4hBl7lp[/yt]


Generate a Signal when Indicator Output Returns to Zero
MA Crossover with a Price Extension & then a Pullback
5 Range Chart EMA14 Bounce Signal w/ EMA5 Filtering
Ichimoku Tenkan & Kijun Crossover Signals w/ Kumo Cloud & Chikou Span Filtering
Identifying Multiple Reversing Renko Bars in a Row Simple Consolidation
Stochastic K Counter Trend Signal with HTF (Higher Time Frame) EMA Slope Filter
Price Breaking a Swing Point with a Fast Pullback Signal using Renko Bars
Breakout Signal of a 4 Bar Renko Consolidation Pattern
Comparing Intra-day Bar Prices to the Daily SMA(50)
How the Time Session Solver Works
Renko Reversal Bar Signal at Lower Low & Higher High
Add a Minimum Slope Requirement to Your Signal
Detect if Price is Above All the Moving Averages
When a Swing Point has Not Been Broken by Price for 40 Bars
Counter Trend VWAP Signal at Standard Deviation 2 Line
Use Discretionary Support Resistance Lines in a System
Block the First 2 Signals and Allow the Rest
Sound Alert Only on First Signal of Multiple Signals in Same Direction
Signaling When All 3 MACDBB are Sloping in the Same Direction Across MTF
RSI Double Crossover Signals
Building a Custom Intraday Flag Pattern Signal
Double EMA Trend with Renko Bar Pullback Signal
Identifying a Broader CCI Trending State
Woodies CCI Turbo Signals with CCI Direction Filter
Delayed MACD Crossover Signal to Reduce Fakeout Crossovers
Filtering/Blocking Signals When Indicator is Overbought or Oversold
Price Action Trend Reversal/Breakout Signal with MACD filter
Blocking/Removing Continuous Signals
3 Bar and 4 Bar Thrust Patterns
Exit Signal When MACD Histogram Diverges from MACD Line
Renko Reversal Signal with Price Filter & Confirmation Bar
Signals from Swing Trend Indicator w/ Confirmation Bar
Price Increasing, and Volume Decreasing, While Approaching a S/R/Line
Detecting the Trending Order of Multiple MA’s
Blocking Crossover Signals When Price is too Far Away
Building Counter Trend VWAP Signals
How to Show Long Signals Only When Price is Above an EMA
3 Reversal Renko Bar Pattern with a Diverging RSI Filter
How to Create a Min & Max Number of Pullback Bars Requirement
Reversal Bar Signal with EMA Slope and Wick Filter
Adding a 10 Bar Minimum Filter Prior to a Crossover Signal
Stochastics 80/20 Crossover Two Logic Methods
Synchronizing MACD Directions from Two Timeframes
Short Signals at Lower S/R Lines and Long Signals at Higher S/R Lines
Using Multiple Instruments to Find Correlated Trends in the Market Analyzer
Find Long Wicks on the Order Flow Cumulative Delta Indicator
Detecting a Heiken Ashi Reversal with 2 Ticks or More of Movement
How to Build a Crossback Signal in the Direction of the Trend
Building a Counter Trend VWAP & Stochastics System
Working with a MTF Renko System to Synchronize Reversal Bars
MTF Renko Charts with Darvas Bounce Signals
Reversal Bars Without Wicks
Exit Signal When the ADXVMA Goes into a Neutral Trend State
How to Generate a Signal From the ADXVMA
Block Signals When the ADXVMA is Neutral
Detect When a Bar is Inside the Bollinger
Detect Renko Bars That Reverse on Swing Points
Multiple Topics on Various Indicator Conditions
System Building - MomentumBBLines & Keltner Channel
Session Pivots, Backtesting, & Optimization
Multiple Timeframes & RSI Divergence Exit
ADXVMA, SuperTrend System with Daniel Roe
Fuzzy Logic, Threshold & Slope Solvers
Various Q & A
Overview and Converting the MACD Divergence to TSI
Using BloodHound in the Market Analyzer with Daniel Roe
Simple Use of Signal Counter and General Q & A
Crossover Solver vs the Comparison Solver
LinReg Slope System & Expansion/Contraction of Bands
Detecting Candle Wicks & Specifying Trading Times
Ratio type Comparison and Bollinger Expansion Contraction
Ultimate Osc with Threshold solver and More Exit logic Examples
Lots of Raven Questions and Working with Multiple Time Frames
CCI Exit Signal Example and ATR Measurement Unit
HH & LH with MA Filters and Reversal at Keltner Channel Signals
Finding a Swing Low Below the Bollinger Band
Limit Orders and Using the Additive Node to See Before a Trade Setup Occurs
Techniques to Smooth and Identify Price or Indicator Trends
Filtering Out Grouped Signals
Blocking Signals When Price is Inside 2 Moving Averages
Q&A Change In Slope Solver
Q&A, Blocking an Exit Signal Soon After an Entry Signal
General Q & A
Introduction to Daneil Roe and Volume Divergence
Q&A, Comparing Highest High of 5 bars back to HH 10 bars back
Modify BH Divergence to use Any Indicator
Building Entry and Exit Signals from a HTF
Using the HeikenAshi Indicator
Building an Opening Range System
Finding Over-bought and Over-sold with an Oscillator. Plus questions
Allowing a Specific Number of Signals per Trend Direction
Allowing Only 1 Trade per Direction
SupportResistance solver Part 2 TailWind mode
Revisiting the SupportResistance solver
Isolating the First 3 Signals per Day
Signals During a Specific Trading Time & Opening Range Breakout
Q & A
Detect Converging & Diverging Bands
Isolating the 1st, 2nd, or 3rd Trend Signal
Using Change in Slope and Finding CandleStick Patterns
Comparing the Trigger Bar to Each Bar Afterward
Using Market Analyzer and Q&A
Linking Multiple Trade Conditions Together
Exit Strategies and Raven 1.103
Fuzzy Logic
Building Pre-CrossOver Conditions & New Bars for BackTesting
Massive Q & A Session
Preventing a Trend Fake-Out and Using a Lower Time-Frame Chart
Essential Principles of Solvers
Toggling Multiple Long and Short Thresholds
Synchronizing HTF Renko Charts
Analyzing 3rd-Party Indicators & NexGen Trend Filter
Small & Large Trigger Pullback Entry Signal
Trading the Higher Time Frame (HTF) Trend and Pausing Raven
Improve Your System by Adding Filters (Crossover with a Pullback)
Stochastics Divergence
Multi-TimeFrames & Intro to Divergence system
Programmer Nodes
Consolidation
Signal Extender and Toggle Nodes
Signal Counter Node
Classic Stock system pt.2
Inverter and Long/Short Modifier Function nodes
An introduction for new customers
Raven Trading Strategy & New 1.1 Function Nodes
Advanced Slope Analysis
Demonstration of the classic stock signal
Mean Reversion System
Example Signals
MA Bounce 2 & Debugging a System
MA Bounce / Rejection
Logic Nodes
Finding Price Action Swing Points and Using Multiple TimeFrames
Basic Solvers Part 6 (Solvers 12-13)
Logic Node Tutorial
Basic Solvers Part 4 (Solvers 10)
Basic Solvers Part 5 (Solvers 11-12)
Basic Solver Part 3 (Solvers 7-8-9)
Creating a trade system from scratch
Basic Solvers Part 2 (Solvers 4-5-6)
Demonstrating the Solvers (Solvers 1-2-3)

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #18 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,175
Thanks Received: 6,020

Hi @hen322

You have done a great job so far on commenting about your BH learning experience. Thanks for that since i just begun last week to study it. Do you know if there are solvers to identify swings high/low to identify the characteristics of the leg formed between a prior swing low (HL) and the current swing high (HH) for an ascending trend. The goal would be to go long if the leg is within a certain range and price pulls back a certain percentage of the leg with target beeing a certain percentage above the current leg.

* HL = Higher Low
* HH = Higher High

EDIT: I found this info which may provide some clues about what i'd like to develop.

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  #19 (permalink)
 dwt51 
Columbus, OH
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES
Posts: 55 since Sep 2011
Thanks Given: 763
Thanks Received: 56

@hen322

You have done a colossal job of documenting your journey with BloodHound and providing another prospective on its workings. Here's hoping you have won this month's contest !!

dwt51

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  #20 (permalink)
 
hen322's Avatar
 hen322 
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: ZN and Stocks
Posts: 147 since Apr 2019
Thanks Given: 182
Thanks Received: 276



trendisyourfriend View Post
Do you know if there are solvers to identify swings high/low to identify the characteristics of the leg formed between a prior swing low (HL) and the current swing high (HH) for an ascending trend. The goal would be to go long if the leg is within a certain range and price pulls back a certain percentage of the leg with target beeing a certain percentage above the current leg.

* HL = Higher Low
* HH = Higher High

EDIT: I found this info which may provide some clues about what i'd like to develop.

I was thinking of the same solver "Dorschden Swing Trend" from your link. I don't know if there is a percentage option for the leg within the range, but I'll let you know what I find. I'll get back to you in a couple days. Thanks @trendisyourfriend and @dwt51 for the compliments!

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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Last Updated on September 25, 2022


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