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Holy Grail
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Created: by TheWizard Attachments:119

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Holy Grail

  #101 (permalink)
Elite Member
KANATA,ON Canada
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: Mirus,Zen-Fire
Favorite Futures: Currencies
 
sukhsan's Avatar
 
Posts: 106 since Jun 2009
Thanks: 93 given, 66 received

wizard,

Thanks for the explanation and i will check it on Monday Live
really appericiate u r efforts to make HG more and more precise

SSS

 
  #102 (permalink)
Elite Member
Washington DC
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 214 since Jun 2009
Thanks: 110 given, 115 received

There is a huge difference between Zenfire and TT. TT bundles ticks so if 10 different trades go off, at the same price you will see 1 trade with TT and 10 with zenfire.

If you have both put up a 1 tick chart, and you will see this. With Zen fire, I get a lot of ticks at the same price before a change in price. I bet you don't see this with TT.

Which is better?? Well if you want to trade tick charts, I think you need to see all the ticks.

Pete

 
  #103 (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
Thanks: 509 given, 4,072 received



sukhsan View Post
wizard,

Thanks for the explanation and i will check it on Monday Live
really appericiate u r efforts to make HG more and more precise

SSS

sukhsan,

As I mentioned in an earlier post. I advise everyone to try this in SIM (simulation) mode with a paper-trading account before risking real $$. I feel confident that it can, with proper money management, make you profitable, but want to advise everyone who is testing it out to be a little cautious at first.

After all, it's what you learn AFTER you know it all, that counts!
 
  #104 (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
Thanks: 509 given, 4,072 received


Peter2150 View Post
There is a huge difference between Zenfire and TT. TT bundles ticks so if 10 different trades go off, at the same price you will see 1 trade with TT and 10 with zenfire.

If you have both put up a 1 tick chart, and you will see this. With Zen fire, I get a lot of ticks at the same price before a change in price. I bet you don't see this with TT.

Which is better?? Well if you want to trade tick charts, I think you need to see all the ticks.

Pete

Pete,

I agree. Zen-Fire would be the best choice, especially if hope to scalp successfully. Maybe that's why I could never seem to scalp successfully - unless on a very small time-frame chart. I'm going to contact Mirex & see if I can get a demo account with Zen-Fire feed to test it out with my setup & see what settings work best. Thanks for all the input & help in this particular matter.

After all, it's what you learn AFTER you know it all, that counts!
 
  #105 (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

Hi everyone , here are images of 1451 tick chart and 233 tick charts for july 31,2009, huge difference, there are only 3 potential trade oppertunity which i see on 1451 tick charts whereas on 233 tick charts there are around 8/10 trading oppertunities.it is not matter of more trading oppertunities, it is matter of how best the ticks scales works, specially these days market are passive so in my opinion 1451 is not a good choice.From the last 4/5 days today i lost money using 1451 ticks.it is just my observation as i am using Nt for the last 2 years, just by my experience i can say 1451 ticks are to slow to grab the latest bias, any comments?

 
  #106 (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

here are images

Attached Thumbnails
Holy Grail-tf-09-09-31_07_2009-233-tick-.jpg   Holy Grail-tf-09-09-31_07_2009-1451-tick-.jpg  
 
  #107 (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
Thanks: 509 given, 4,072 received


mueen2419 View Post
Hi everyone , here are images of 1451 tick chart and 233 tick charts for july 31,2009, huge difference, there are only 3 potential trade oppertunity which i see on 1451 tick charts whereas on 233 tick charts there are around 8/10 trading oppertunities.it is not matter of more trading oppertunities, it is matter of how best the ticks scales works, specially these days market are passive so in my opinion 1451 is not a good choice.From the last 4/5 days today i lost money using 1451 ticks.it is just my observation as i am using Nt for the last 2 years, just by my experience i can say 1451 ticks are to slow to grab the latest bias, any comments?

Mueen,

It depends on your trading style. There is a great difference. Originally I had said 1451, but then revised that to 1151 tick, for zen-fire users. If you set yours to 1151, it looks almost exactly as my 233 tick (getting data from Interactive Brokers). My charts can be translated for Zen-Fire users by multiplying by a factor of 4.94 (233 tick (mine) x 4.94 = 1151 (zen-fire)). My chart for today, looks very nearly like your 1451 chart. There are going to be many more opportunities on a smaller time-frame chart. Originally I had designed the setup to allow us to stay in a position all day, just reversing position throughout the day when the minor trend changed. With a smaller time-frame chart, that can lead to over-trading & excessive commissions, but it does provide many more opportunities to enter / exit trades. Decide what works best for you.

After all, it's what you learn AFTER you know it all, that counts!
 
  #108 (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
Thanks: 509 given, 4,072 received

Hello everyone.

Here's a screenshot for today. Typical Friday. Lots of lack of direction. Finally got a nice move to the downside in the afternoon.

(ZEN FIRE data feed users - Multiply by a factor of 4.94 to make your chart look like mine: 233 Tick (mine) * 4.94 = 1151 (Zen-Fire))

After all, it's what you learn AFTER you know it all, that counts!
Attached Thumbnails
Holy Grail-07-31-09-tf-.png  
 
  #109 (permalink)
Elite Member
Vancouver, WA
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 11 since Jun 2009
Thanks: 1 given, 2 received

Hello,
I have been told by Mirus that Zen-Fire uses unfiltered tic data, which means you will receive every tic of the market. Some/most other data providers like IB do not provide unfiltered tic data, their data is filtered. Thats why you have such a big discrepancy in the charts. You can contact a broker at Mirus or Amp Futures to explain the difference to you.

Either way, even if you used the same broker and the same data feed as someone else, like Mr. Wizard for example, your charts will never match his. There is to much lost in translation between everyone's ISP's across the country or world to have the charts match up exactly. This is especially true when using tic, volume or range bar charts. Time bar charts have the best chance of matching up because most peoples computer clocks are somewhat synchronized. I have two computers running side by side in my office using the same companies data feed and the same charts from Ninja and the tic & volume will not match up exactly.

You have to learn to trade your own charts and the signals that show up on them. You can't rely on someone elses charts.

fwiw

 
  #110 (permalink)
Elite Member
waiblingen Germany
 
Futures Experience: Intermediate
Platform: ninja, Meta 4
Broker/Data: Mirus Zenfire
Favorite Futures: ES, forex
 
Posts: 49 since Jul 2009
Thanks: 7 given, 3 received


Hi THEWIZARD, I am new here and was looking for your Holy Grail but could not find your charts. Please give me a hint, where to go and how it works. Thanks
Wolfgang from Germany


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