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Holy Grail
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Created: by TheWizard Attachments:119

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Holy Grail

  #11 (permalink)
Elite Member
Pittsburgh
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: ES
 
ntsst3's Avatar
 
Posts: 85 since Jun 2009
Thanks: 16 given, 17 received

thanks Wiz i'm interested to see , i'm sure others are too. good work

 
  #12 (permalink)
Elite Member
ct
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 99 since Jun 2009
Thanks: 24 given, 13 received

looks good. can you explain your setup?

 
  #13 (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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*** See 07/28/09 post for LATEST INDICATORS & TEMPLATE ***

Here is the updated HOLY GRAIL for Monday July 27, 2009. (I know BigMike is a fan of ZN, as are many others, so I've included today's ZN with Holy Grail, too!)

I've changed the colors (to correspond to the 'industry standard' (blue vs. green)) - with one exception - I think the GREEN dots on the LBR indicator are easier to see than BLUE dots, but feel free to change the colors to suit your own preferences. I also streamlined & enhanced the indicator settings. I ran it back over 15 days & it performed as expected. I've included today's screen shot of the Russell e-mini (233 tick) and shots of the indicator settings. Again, much thanks to Sharky, Rjay and, of course, BigMike !

The long/short entries are pretty straight-forward (I've marked them with dotted lines & made comments on the chart). The more confirmation from the 4 indicators, the better the chance the move will be successful.

1 confirming indicator (probably not a good idea to enter a position)
2 confirming indicators (risky, wait for the next bar)
3 confirming indicators (enter, but be cautious)
4 confirming indicators (take the trade or if you're in one, ok to reverse position)

Stops? (I know you're going to ask)

I would suggest putting the stop about 3 ticks below the lowest recent (swing low) bar for a long entry and 3 ticks above the highest recent (swing high) bar for short entries. This almost never gets hit & keeps you in the trade. Keep in mind, you're going to stay in the trade until you get confirmation to reverse position, based solely on the indicators - so the goal is to stay in the trade & NOT get stopped out with a stop placed too close to your entry price.

Email me if you would like more detailed information about the setups or if I've been unclear in my description(s). Enjoy!

After all, it's what you learn AFTER you know it all, that counts!
Attached Thumbnails
Holy Grail-holygrail-7-27-09.png   Holy Grail-picture-1.png   Holy Grail-picture-3.png   Holy Grail-picture-4.png   Holy Grail-picture-5.png   Holy Grail-picture-6.png   Holy Grail-picture-2.png   Holy Grail-zn-07-27-09.png  

Last edited by TheWizard; July 28th, 2009 at 04:12 PM. Reason: UPDATED
The following 11 users say Thank You to TheWizard for this post:
 
  #14 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
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Posts: 1,711 since Jun 2009
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I just posted the screen shot & enhanced indicators / settings for today, along with an explanation.

After all, it's what you learn AFTER you know it all, that counts!
 
  #15 (permalink)
VIP Member
FL
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, 6E, CL
 
Posts: 71 since Jul 2009
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Nice job on the HOLY GRAIL charts. Their easy to read and follow plus I like your color scheme.

 
  #16 (permalink)
Elite Member
ct
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 99 since Jun 2009
Thanks: 24 given, 13 received

Hi,
Thank you for sharing your holy grail setp. I following you setup but my TF 233 tick chart looks very different then your chart. My chart bars does not match with your bars. not sure what I am doing wrong.

 
  #17 (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

I have my chart Start and End times set to 12:00 AM & 12:00 AM. I have found in the past that this does seem to make a difference. If that's not the case, send me a screen shot of your chart & a screen shot of the Properties & I'll take a look at it.

After all, it's what you learn AFTER you know it all, that counts!
 
  #18 (permalink)
Elite Member
ct
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 99 since Jun 2009
Thanks: 24 given, 13 received

Can you please give me your email address?

 
  #19 (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

Please don't take my comment in the wrong way...


but doesn't it get to the point that with all these indicators being used you are just setting yourself up for confusion? At the end of the day, isn't the trade about the price movement and proper position sizing? Granted the amount of volume one can trade depends quite a bit on commissions etc, therefore one individual might have to be more picky about a trade as opposed to the other...

but still, it seems to get to the point where the indicators just add to confusion... esp considering the timeframes one might be looking at to take the trade...

for what it's worth, you could get a net positive result by building a random number generator with a range from say 1 to 30...

say 1 to 10 you go long
and 11 - 20 you do nothing
and 21 to 30 you go short

with proper position sizing and scaling you might be pleasantly surprised with the results...


Last edited by BigDog; July 27th, 2009 at 11:55 PM.
 
  #20 (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



milford View Post
Hi,
Thank you for sharing your holy grail setp. I following you setup but my TF 233 tick chart looks very different then your chart. My chart bars does not match with your bars. not sure what I am doing wrong.


if you are using a different feed provider than the OP, that might be one explanation...

ie Zen-Fire compared to say TT feed will show different charts due to the fact that Ninja reads the TT feed in 100ms pulses where as ZenFire is a constant stream...


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