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VSA for ThinkorSwim
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VSA for ThinkorSwim

  #341 (permalink)
Elite Member
Los Angeles, California Republic
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES, Mongolian Horse Futures
 
srgtroy's Avatar
 
Posts: 1,456 since Jan 2011
Thanks: 1,009 given, 2,238 received

Thanks for letting us take a look! Good luck on the other fish and please save me a small bite!

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  #342 (permalink)
Trading for Fun
LA, CA
 
Futures Experience: Advanced
Platform: Infinity, IB, TOS
Favorite Futures: currency futures
 
Posts: 93 since Jul 2010
Thanks: 2 given, 24 received


StockJock View Post
snowcloud,

Thanks for your dedication and hard work in translating and updating the VPA indicator for TOS.

You're welcome.

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  #343 (permalink)
Trading for Fun
LA, CA
 
Futures Experience: Advanced
Platform: Infinity, IB, TOS
Favorite Futures: currency futures
 
Posts: 93 since Jul 2010
Thanks: 2 given, 24 received



srgtroy View Post
Thanks for letting us take a look! Good luck on the other fish and please save me a small bite!

I definitely will save some fish for you.

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  #344 (permalink)
Trading Apprentice
Frankfurt
 
Futures Experience: None
Platform: Ninja Trader/TOS
Favorite Futures: futures, stocks
 
Posts: 6 since Jun 2011
Thanks: 5 given, 1 received

sum up

Hi guys, this is my first posting in this forum; I read through almost all the pages of this thread and first of all have to thank the guys coding this for the effort they put in...

To sum it up (please correct me if Im wrong): There are two basic versions of the VSA strategy within this thread to download: the one file called VPA_Ninja2, the other VPAv1_08; they only differ in the colour of the candles...there are several pdf/Excel files to understand the meaning of the symbols within the chart. Additional studies (Trend Signal etc.) can also be added and downloaded.

Regarding the profitability I do not know how profitable this system can be traded. I do not know either how reliable the symbols are: It was said that the Supply test bar (white square) often delivered good signals. What can be said is the higher the time frame, the more reliable the signal (Daily, 4H chart).
I do also not know to which extent the signals lag behind.

Questions that occur from my side: It was mentioned that implementing an alert list what help alot; is this possible, did somebody do it?
What about the alerts themselves on a daily timeframe; are they a good indication, which ones are most reliable?

However if the combination of several signals would deliver a clear buy/sell signal, why not run it as an Automated Trading system and backtest it profitabilty?!?

Also someone mentioned AlgoSignal within this thread; does anyone have experience with it, is it any good?In IMO I like to backtest before I start trading a strategy.

Best of luck and thanks for some answers/corrections


Last edited by Jonny474; June 27th, 2011 at 11:00 AM.
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  #345 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received

I can answer some of your questions.


Jonny474 View Post
To sum it up (please correct me if Im wrong): There are two basic versions of the VSA strategy within this thread to download: the one file called VPA_Ninja2, the other VPAv1_08; they only differ in the colour of the candles...there are several pdf/Excel files to understand the meaning of the symbols within the chart. Additional studies (Trend Signal etc.) can also be added and downloaded.

There are VPA codes for three trading platforms (possibly more).
1. AmiBroker
2. NinjaTrader
3. ThinkOrSwim


Jonny474 View Post
Regarding the profitability I do not know how profitable this system can be traded. I do not know either how reliable the symbols are: It was said that the Supply test bar (white square) often delivered good signals. What can be said is the higher the time frame, the more reliable the signal (Daily, 4H chart).
I do also not know to which extent the signals lag behind.

As for the best time frame to use. This is a trial and error process that you go through in your learning process of developing your own trading style. Trading style is not the same as trading method. Using what Wyckoff teaches is a method. Choosing the time frame of how often you want to trade is your style. Larger time frames provide the trader with an overall perspective of the market's (or the instrument's) performance. Smaller time frames provide the trader with information on timing a trade. Once you've decided on how you want to use time frames, make a trading plan and stick with it. Learn how to make a trading plan.


Jonny474 View Post
Questions that occur from my side: It was mentioned that implementing an alert list what help alot; is this possible, did somebody do it?
What about the alerts themselves on a daily timeframe; are they a good indication, which ones are most reliable?

I think what you mean by alert lists is more commonly called watch lists. In some trading platforms this is like a portfolio without the buy/sell prices. You just monitor the current prices. If you want to set an alert with a sound or an email for a price or a indicator, you need to use the instructions for the specific trading platform.


Jonny474 View Post
However if the combination of several signals would deliver a clear buy/sell signal, why not run it as an Automated Trading system and backtest it profitabilty?!?

Automated trading is very risky for unexperienced traders. Basically, the accuracy of an automated trade is no better than what a trader would do manually.

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  #346 (permalink)
Trading Apprentice
Frankfurt
 
Futures Experience: None
Platform: Ninja Trader/TOS
Favorite Futures: futures, stocks
 
Posts: 6 since Jun 2011
Thanks: 5 given, 1 received

I am currently using TOS. Its not that Im totally unexperienced, but I have been more of an investor than a trader in the past. A lack of discipline always failed me as a trader.
I really have to take a look at Wyckoffs work. At the same time you have to have the capital to trade smaller timeframes; after commission and going for 1-3% (what is alot on small timeframe) your position has to be accordingly; futures, CFD or E Minis trading is sth different because of the leverage...
About Automated Trading: It is hard and for a beginner in coding not possible to come up with a superb EA. I will check out AlgoSignal and some other platforms for that purpose. AlgoSignal provides signals on different timeframes based on specific Algorithms. If somebody has experienced AlgoSignal before please contact me.
You should really back and FORWARD test your Automated Trading Strategy before you go live with it I suggest.

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  #347 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received


Jonny474 View Post
About Automated Trading: It is hard and for a beginner in coding not possible to come up with a superb EA.

Ask the ThinkOrSwim support about getting linked to Prodigio which is also free with your TOS account. It has automated trading and they have lots of webinars and video archives to train you how to use it. Also you might like the Prodigio Discussion Forum. You can also get training through the TOS webinars.

Yes, you are right its hard. If it was easy, everyone would be doing it - like money growing on trees. Successful traders are those with stamina to keep going until you become good at doing it. Learning, testing you skills with papermoney and then doing live trading.


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  #348 (permalink)
Trading Apprentice
Frankfurt
 
Futures Experience: None
Platform: Ninja Trader/TOS
Favorite Futures: futures, stocks
 
Posts: 6 since Jun 2011
Thanks: 5 given, 1 received

I was just checking out Prodigio- I think its a great tool- but I did not come up with a really profitable- and I mean really- straetgy yet still working on it...if somebody wants to share a REALLY profitable strategy (probably not why would you) let me know...I am not able to write private messages yet but soon I will be...

what do you think about Prodigio StockJock?

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  #349 (permalink)
Trading for Profit
Chicago + Illinois/USA
 
Futures Experience: Beginner
Platform: ThinkOrSwim
Favorite Futures: Stock
 
StockJock's Avatar
 
Posts: 256 since Aug 2010
Thanks: 15 given, 148 received

It certainly looks impressive. I'm not into automated trading yet, so I don't have any advice to give you on that. I'm not comfortable with programming macros as I've been using ThinkScript for TOS or AFL for Amibroker, so I haven't done anything on Prodigio's macros either. It appears that a lot of other things it has are more advanced than TOS and can be very helpful. The only thing that I've been interested in regarding Prodigio is the Point and Figure charts, but their tech support told me that they haven't received very many requests for PnF charts; so they haven't completed that module. Prodigio's PnF charts don't work properly.

I referred you to Prodigio, because you said you were interested in automated trading and you are currently using TOS. Since Prodigio is available free for TOS users, you can have access to it. As with using any another platform, there is a learning curve that you have to go through to become proficient and I did give you links to their videos and discussion forum. The reasons why I don't use Prodigio may not apply to you. I think Prodigio is a good trading platform once you go through the learning process of how to use it. Currently, I'm happy with TOS.

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  #350 (permalink)
Elite Member
Atlanta, GA
 
Futures Experience: Advanced
Platform: tos
Favorite Futures: ES,YM,TF, NQ
 
Posts: 34 since Apr 2011
Thanks: 1 given, 39 received

VPA indicator from NT to ToS


I just downloaded the VPAv1 file and added it to TOS.

Looks great except for it changed the Up and Down Time/tick bars to grey. How do it return them back
to the default settings of UP bars green and Down bars red?

Thanks, BroncoSlade

Trade Well!

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