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Holy Grail
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Created: by TheWizard Attachments:119

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Holy Grail

  #91 (permalink)
Member
Chicago
 
Futures Experience: Advanced
Platform: X_Trader, Ninja
Broker/Data: Advantage/TT and Mirus/ZenFire
Favorite Futures: ES
 
Posts: 60 since Jun 2009
Thanks: 0 given, 16 received

as stated before, feeds from different brokers will vary

i see it daily between zenfire and TT feeds

 
  #92 (permalink)
Member
Chicago
 
Futures Experience: Advanced
Platform: X_Trader, Ninja
Broker/Data: Advantage/TT and Mirus/ZenFire
Favorite Futures: ES
 
Posts: 60 since Jun 2009
Thanks: 0 given, 16 received


sukhsan View Post
Then Holy Grail is good for IB not for ZEN as tick chart is concerned .

SSS

no that's not always the case...

a robust strategy will stay true... entries and exits may differ but will stay true if robust

 
  #93 (permalink)
Elite Member
toronto
 
Futures Experience: Intermediate
Platform: Nt,meta4
Broker/Data: zen fire
Favorite Futures: forex, futures
 
Posts: 30 since Jul 2009
Thanks: 1 given, 6 received


wizard, Rjay and others,
as i promised i will keep the log of trades made using HG, yesterday i was kind of busy as i am not at my place so i just spend 2 hour like 2pm to 4 pm but still managed 7 tick in profit,

i agree with Rjay that we can trade without indicators on pannel 3 & 4, i draw manual Trend lines(Tom Demark) and seek confluence with your other indicators, also i found that SM12 is very helpful to find out overbought and oversold levels if properly used with LBR310, LBR310 preferably should be red dot to get into long and green to get into short trades, these small pullbacks gives better entries, .....any comments?

 
  #94 (permalink)
Elite Member
toronto
 
Futures Experience: Intermediate
Platform: Nt,meta4
Broker/Data: zen fire
Favorite Futures: forex, futures
 
Posts: 30 since Jul 2009
Thanks: 1 given, 6 received

Sukshan, i am using Zen Fire, no problem at all, one thig i wana say that in trading we just need bias and probable reversal points for scope of potential trades, to me 100% relying on indicators is not a good idea, honestly HG has improved my trading and now i can visually see what market is going to do,
1 more important note about realsatas is that this is awsome indicator, we need to develop sence, how to read this, delta buy and delta sell volume plays a vital role in market movements, let me see another week or so then i shall be able to offer my comments on this indicator, so for so good, very helpful, thanks to all who are keeping this thread alive................................."do't change it if it not broken"

 
  #95 (permalink)
Elite Member
Washington DC
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
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sukhsan View Post
Wizard

Thanks for the holy grail,
I looked at u r chart posted @ post 85
From first sell arrow this chart has only 54 bars (AS i counted)
Now look at my chart, has 3 full screens from 930 EST to 1600 EST , I am using ZEN-Fire

Why There is huge difference???????

SSS

This could easily be a function of your data feed. For example say there are 10 trades done at one price. Zen-Fire and esignal send it out as 10 ticks. But some, and I believe Trading Technologies is one, bundle ticks so 10 trades at the same price would send 1 tick. Volume would be the same but tick count could end up way lower.

Pete

 
  #96 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
TheWizard's Avatar
 
Posts: 1,711 since Jun 2009
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sukhsan View Post
Wizard

Thanks for the holy grail,
I looked at u r chart posted @ post 85
From first sell arrow this chart has only 54 bars (AS i counted)
Now look at my chart, has 3 full screens from 930 EST to 1600 EST , I am using ZEN-Fire

Why There is huge difference???????

SSS

TomBear discovered that, too & his is also a zen-fire user. To get my chart to even come close to Toms, I had to adjust my tick size to "35" !
I don't know exactly why the data show such huge differences. Perhaps this question would be best directed the the nice folks over at Mirus Futures / Zen-Fire.
However, I think you can adjust it to match how mine looks.
If my high school math serves me correctly, 35 is to 233 as 233 is to 1551.
Change your chart to 1551 Tick & I think it might begin to more closely resemble mine.

After all, it's what you learn AFTER you know it all, that counts!
 
  #97 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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Posts: 1,711 since Jun 2009
Thanks: 509 given, 4,072 received

**** IMPORTANT UPDATES REGARDING THE HOLY GRAIL

1. I've had many inquiries from Zen-Fire data subscribers as to why their 233 Tick chart has 'so many, many more price bars on it that mine does'. This I cannot explain, but do have a solution. TomBear was one of the first to work with me on this & through our communication have figured out a solution. IF YOU ARE A ZEN-FIRE DATA SUBSCRIBER to get your chart to look like mine, you have to change it to a 1151 TICK! (Originally I thought it was 1551, but Tom changed his to 1151 & it seems to match mine. Don't ask me why, perhaps Zen-Fire considers each 'contract' a tick as opposed to IB counting each 'trade' as a tick (you see, a 'trade' can be for 1 contract or 100!) and greatly influences how the price bars are drawn, depending on how the 'ticks' are counted. That's just my theory. You'd have to confirm it with IB / Zen-FIre.

2. On severely UPTRENDING / DOWNTRENDING days, you will notice the HOLY GRAIL system does not seem to perform very well. You may experience some losses if you decide to trade against the trend. On days when there is huge momentum to the upside or downside, follow the ADXVMA in panel 1. Let it be your compass. Price will generally ride up as its angle continues up & down as its angle continues down & return to bobbing between support / resistance levels when the ADXVMA is flat.

After all, it's what you learn AFTER you know it all, that counts!
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  #98 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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Posts: 1,711 since Jun 2009
Thanks: 509 given, 4,072 received


sukhsan View Post
Wizard,

Thanks for sharing trading format, it seems to be working good
My question is
how do you interperate Indicators in panel 1?:sos:

SSS

The ADXVMA gives indication of which direction price is heading (blue = up / red = down / yellow - undecided). The ANGLE indicates momentum (sharp = large momentum, trend will most likely continue; low angle = low momentum, price lacks direction; flat = price congestion cannot determine to go higher or lower - best to trade these days by buying at support & selling at resistance as price will most likely 'bounce' between S/R. Use the 4 indicator system to its best ability to take advantage of this type of day). The MAGENTA dash lines are RESISTANCE. The BLUE dash lines are SUPPORT. the WHITE dots show period of 'congestion / consolidation' where buyers / sellers were unable to push price in any direction. Watch these spots for 'break-outs' to Higher or Lower. Also can be a good place at which to place stops (just below or just above the white dots). Hope that answers all the questions. Sorry it took so long to respond to this one. I've had many many inquiries & am trying to answer all of them as well, and as quickly as possible. Thank you for your interest. Happy Trading!

After all, it's what you learn AFTER you know it all, that counts!
The following user says Thank You to TheWizard for this post:
 
  #99 (permalink)
Elite Member
toronto
 
Futures Experience: Intermediate
Platform: Nt,meta4
Broker/Data: zen fire
Favorite Futures: forex, futures
 
Posts: 30 since Jul 2009
Thanks: 1 given, 6 received

wizard, mine 233 tick chart is working fine with me, i am making pips, what should i do? very confused now, should i need to change to 1451, pl advise,

 
  #100 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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Posts: 1,711 since Jun 2009
Thanks: 509 given, 4,072 received



mueen2419 View Post
wizard, mine 233 tick chart is working fine with me, i am making pips, what should i do? very confused now, should i need to change to 1451, pl advise,

If it's working fine. Don't change it. I was just suggesting that 233 ticks of data from Interactive Brokers seems to equate to 1151 ticks of data from Zen-Fire, to make the charts look the same as mine. If yours is working fine for you - leave it alone.

After all, it's what you learn AFTER you know it all, that counts!

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