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range bars, dukascopy, tradestation, strategy, ideas
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range bars, dukascopy, tradestation, strategy, ideas

  #1 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Intermediate
Platform: Tradestation, Dukascopy Jforex
Favorite Futures: EUR/USD
 
Posts: 12 since Sep 2014
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range bars, dukascopy, tradestation, strategy, ideas

Hi,
do you trade range bars? I downloaded forex rangebars from dukascopy and try to test strategies on them in tradestation. I am wondering if you trade range bars and where do you get inspiration for new range bars strategies...which indicators do you prefer to use or if you trade price action. Thanks.

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  #2 (permalink)
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  #3 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Master
Platform: London hedge fund
Broker/Data: Goldman Sachs
Favorite Futures: Crude CL
 
wintergasp's Avatar
 
Posts: 29 since Sep 2016
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A good strategy is to use range bars using breakout signals (e.g. an SAR) and only trade it when you know the direction of the big guys.

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  #4 (permalink)
Elite Member
SF (CA/USA)
 
Futures Experience: Beginner
Platform: NT / Proprietary
Broker/Data: IB / may be Kinetic
Favorite Futures: ES, CL, NQ, YM, 6E
 
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wintergasp View Post
A good strategy is to use range bars using breakout signals (e.g. an SAR) and only trade it when you know the direction of the big guys.

How do you find out the direction of the big guys?
thanks
w

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  #5 (permalink)
skrubtrader
Boynton Beach
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES,TF,CL
 
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strmci View Post
Hi,
do you trade range bars? I downloaded forex rangebars from dukascopy and try to test strategies on them in tradestation. I am wondering if you trade range bars and where do you get inspiration for new range bars strategies...which indicators do you prefer to use or if you trade price action. Thanks.

Hey strmci, I trade range bars, for me they are the best, not much noise, I use 123 setups at the 2sd of bollinger bands in the direction of the trend, works good for me.
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  #6 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Master
Platform: London hedge fund
Broker/Data: Goldman Sachs
Favorite Futures: Crude CL
 
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Posts: 29 since Sep 2016
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Wil70 View Post
How do you find out the direction of the big guys?
thanks
w

Different ways. Best way is to have a voice broker in Chicago or London and have a chat with them every day - then maybe a couple of guys on Skype to chat 5 mins every day.

If you have a voice broker he'll most likely invite you to events / dinners where you'll meet traders from banks and hedge funds and if you're nice and they're nice, you'll become friends... pretty much how life works

Edit: by voice broker I mean any institutional broker, you can most likely open an account for 250k - 500k if you tell them you'll put in 2-3-5 m$ in 6 months.... then in 6 months just say you're not happy with the service and you'lls tay at 250k - 500k

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  #7 (permalink)
Elite Member
Luxembourg, Luxembourg
 
Futures Experience: Advanced
Platform: TWS
Broker/Data: Interactive Brokers
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Wil70 View Post
How do you find out the direction of the big guys?
thanks
w

For those of us not able to open the really big accounts another option would be to watch for sudden expansions in volume. Certain times, i.e. London open, US open, Europe close, US close can have lots of volume while lunch times are usually slow.

If you initiate a trade during a slow period, then the odds of it making a big move are low. If you get in on a move a volume starts seriously ticking up, then it may be a trade with better odds of making a larger move.

Just be aware that there are always bigger players in the markets, even the biggest hedge funds can be caught off-guard when the Swiss government decides to punish speculators.

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  #8 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Intermediate
Platform: Tradestation, Dukascopy Jforex
Favorite Futures: EUR/USD
 
Posts: 12 since Sep 2014
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kburks View Post
Hey strmci, I trade
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Hi kburks, i try to backtest some candle patterns with some market position management but I have a little progress yet.
You trade these 123 setups on the same chart, is it automated? Where do you trade and how many trades you make per month with this strategy?


Last edited by strmci; October 1st, 2016 at 02:23 PM.
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  #9 (permalink)
Trading Apprentice
Prague, Czech Republic
 
Futures Experience: Intermediate
Platform: Tradestation, Dukascopy Jforex
Favorite Futures: EUR/USD
 
Posts: 12 since Sep 2014
Thanks: 13 given, 0 received


wintergasp View Post
A good strategy is to use range bars using breakout signals (e.g. an SAR) and only trade it when you know the direction of the big guys.

What do you use to find SAR levels? Do you trade only with info from big guys?

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  #10 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Master
Platform: London hedge fund
Broker/Data: Goldman Sachs
Favorite Futures: Crude CL
 
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Posts: 29 since Sep 2016
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grausch View Post
For those of us not able to open the really big accounts another option would be to watch for sudden expansions in volume. Certain times, i.e. London open, US open, Europe close, US close can have lots of volume while lunch times are usually slow.

If you initiate a trade during a slow period, then the odds of it making a big move are low. If you get in on a move a volume starts seriously ticking up, then it may be a trade with better odds of making a larger move.

Just be aware that there are always bigger players in the markets, even the biggest hedge funds can be caught off-guard when the Swiss government decides to punish speculators.

Hmmmmmmmm

The Swiss event was very small and hedge funds where mainly bearish so they mainly made money. We weren't trading it for other reasons but we were also bearish. Maybe 1 guy blew up from Miami. The reason for the Swiss event wasn't to punish speculator, but because they were expecting the ECB to lower rate which would have make it harder to keep the 1.20 EUR/CHF fix.

I don't know any large player who will show you their volume. Either they have full time trader who's job is to execute positions throughout the day, hence getting a few lots every minute in a linear way or they outsource that job to their broker who will execute it for them.

If I were you I wouldn't look at volume much (or not at all actually) it's pure noise and you'll just get confused for nothing.

I know in our fund nobody looks at them and I think I've never heard of anyone doing money this way, in the institutional space. The only thing we look at is the Open Interest on a daily basis to make sure we keep trading the front contract.

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