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Holy Grail
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Created: by TheWizard Attachments:119

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Holy Grail

  #51 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

hey guys,
great concept + nice discusion here !
feel free to make also a thread with that in "Journals + Daily Charts"- section to show charts with trades + talk about it there.
Special Thanks to TheWizard !

max-td
The following user says Thank You to max-td for this post:
 
  #52 (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


TheWizard View Post
Mueen,
In response to your question of how I created this. I didn't actually create anything. I can't take credit for any of it, other than assembling the indicators all together in one chart. Most of the ideas were indicators borrowed from BigMike's forum members Sharky, and I think one of the indicators / indicator ideas came from Rjay and the ADXVMA as well as the DoubleMaPaint came from Sharky, but the particular suggestion of how to set it / use it may have come from either Sharky or BigMike (can't remember), Keith posted (NinjaTrader Indicator download section) the LBR310 indicator and Todd posted the SMI2 indicator. I just put the best of the best together in a 233 Tick chart & continued changing settings of the indicators until it worked best. I may continue playing around with the settings to micro-adjust them, if possible.

Mueen,

I've attached a "233 tick vs. Renko" chart. As you can see, 4 tick Renko give many conflicting signals, whereas the 233 Tick (SMI2) indicator shows definite SHORT around 9:18 (Central time). Rjay is working on a better version (based on Renko). Will wait to hear from him & give it a 'test drive' once he has completed his tests version. For now, I will stay with 233 tick.

After all, it's what you learn AFTER you know it all, that counts!
Attached Thumbnails
Holy Grail-233tick-vs-renko.png  
 
  #53 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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max-td View Post
hey guys,
great concept + nice discusion here !
feel free to make also a thread with that in "Journals + Daily Charts"- section to show charts with trades + talk about it there.
Special Thanks to TheWizard !

Thanks Max.

I didn't know if it was ok to do that, so I've just been posting them here. I'll include a post today in the Journals and Daily Charts section, too.

After all, it's what you learn AFTER you know it all, that counts!
 
  #54 (permalink)
Elite Member
Neubrandenburg, Germany
 
Futures Experience: Advanced
Platform: R
Favorite Futures: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 480 received

Nice thread and nice inspiration.

Wizard look for RheikinAshi.
See here https://futures.io/attachments/programmers-paradise/856d1248380213-guppy-gma-new-chart-settings.png
Test with PointO-Bars anstead of range or renko. You will need a good size of all this bartypes. i use on 233 tick only 8 range or 8 point bar.
This will give you a cleaner chart.

WH

 
  #55 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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wh View Post
Nice thread and nice inspiration.

Wizard look for RheikinAshi.
See here https://futures.io/attachments/programmers-paradise/856d1248380213-guppy-gma-new-chart-settings.png
Test with PointO-Bars anstead of range or renko. You will need a good size of all this bartypes. i use on 233 tick only 8 range or 8 point bar.
This will give you a cleaner chart.

WH

WH,
Thank you for the suggestion. I will test 233 tick against 8 Point-O and 8 Range to see how it looks. I have tried HeikenAshi before (not RHeikenAshi, however) and found it to be a bit misleading. It has not worked well for me, but I may give it another look.

After all, it's what you learn AFTER you know it all, that counts!
 
  #56 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
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RJay View Post
Are my eye's playing tricks on me or is panel 2 leading the market.

Not on every reversal. But its there.

RJay

I have bad news about this indicator. Its cheating!!!!!

As the market reverses, DoubleMA is going back and changing non currentbar bar colors.

This is the same Bull *$@! programming that Scalper and CycleIdentifier use.


RJay

 
  #57 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
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RJay View Post
I have bad news about this indicator. Its cheating!!!!!

As the market reverses, DoubleMA is going back and changing non currentbar bar colors.

This is the same Bull *$@! programming that Scalper and CycleIdentifier use.


RJay

Rjay,

Yeah, I'm seeing some of that today, too. I can't take the blame for programming it, but I've seen in in a lot of 'cycle' type indicators. It appears that when the color change first occurs that it's generally a signal of a directional change, but.... not always. You have to watch closely & follow the price. SMI2 doesn't seem to 'color-change' quite as much as the DoubleMAPaint and LBR310. It's still better than what I was using, ,tho'. Had the same problem with Scalper & CycleIdentifier (They always look good at the end of the day, however!). maybe you could take a look & see if there's a way to stop them from 're-painting' ? ?

After all, it's what you learn AFTER you know it all, that counts!
 
  #58 (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


RJay View Post
I have bad news about this indicator. Its cheating!!!!!

As the market reverses, DoubleMA is going back and changing non currentbar bar colors.

This is the same Bull *$@! programming that Scalper and CycleIdentifier use.


RJay

Rjay,

On my template, I have the DoubleMAPaint 'Paintbars = false'. I set the SMI2 to 'Paintbars = true'. Try that & see if it helps. I DID notice the DoubleMAPaint indicator doing that to the bars. Didn't like it. See if using SMI2 to paint the bars helps somewhat. Let me know what you think. I may have to tinker around some more.

After all, it's what you learn AFTER you know it all, that counts!
 
  #59 (permalink)
Elite Member
toronto
 
Futures Experience: Intermediate
Platform: Nt,meta4
Broker/Data: zen fire
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Posts: 30 since Jul 2009
Thanks: 1 given, 6 received

Wizard, We must repect your hardwork and dedication, so many thanks to Big Mike,Rjay and the ADXVMA ,Keith for their strenious efforts, honestly i have ONE big fear about this thread...? If this set up is working nicely and profitably we should't try to change it except if necessary, as being said" too much analysis is paralysis" we should keep on trading under various market conditions and keep log of every trade till we get most suiatable work out,.233 tick cart is also best derived value.
One more question Wizard? Does this set work fine on YM?
Thanks for update on renko.

 
  #60 (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
Wizard, We must repect your hardwork and dedication, so many thanks to Big Mike,Rjay and the ADXVMA ,Keith for their strenious efforts, honestly i have ONE big fear about this thread...? If this set up is working nicely and profitably we should't try to change it except if necessary, as being said" too much analysis is paralysis" we should keep on trading under various market conditions and keep log of every trade till we get most suiatable work out,.233 tick cart is also best derived value.
One more question Wizard? Does this set work fine on YM?
Thanks for update on renko.

Mueen,

Yes. It appears to work as well as TF. Since my broker, Interactive Brokers, does not supply historical TICK data (I can only get tick data if I have an open chart) and I did not have a chart created for YM, I had to create one (just now) & change the period to 5 minute (as close to 233 Tick as I could get) in order to populate the chart with price data. See the attached screen shot as an example. Thanks for your inquiry.

After all, it's what you learn AFTER you know it all, that counts!
Attached Thumbnails
Holy Grail-ym-09-09-july-29-2009.png  

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