An easy way to correct floor pivots with NinjaTrader 7! - Traders Hideout | futures io social day trading
futures io futures trading


An easy way to correct floor pivots with NinjaTrader 7!
Updated: Views / Replies:8,109 / 26
Created: by Fat Tails Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 2  
 
Thread Tools Search this Thread
 

An easy way to correct floor pivots with NinjaTrader 7!

  #1 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

An easy way to correct floor pivots with NinjaTrader 7!

You do not want to look up the settlement price? You don't care about the session times? You are not aware that there are two-day-sessions with a common settlement date? But you want to display the correct floor pivots, Camarilla pivots, Fibonacci pivots or Woodie's pivots?


Here comes an easy solution for NinjaTrader 7 users

Kinetick daily datafeed comes free of charge and has about two and a half years of daily futures contracts data.
The data is high quality and is identical with the high, low and settlement price as shown on the website of the exchange.

So if you use Zenfire (no daily data) or Interactive Brokers (bad daily data, or missing daily data depending on your time zone), or any other data provider, who delivers the daily close and not the daily settlement price, just scrap all your daily data.


3 steps to get the correct pivots

(1) When starting NinjaTrader 7 in the morning, first connect to Kinetick and update all daily data via the Historical Data Manager. Takes a few seconds. Then disconnect. Now you have a clean daily data base with the correct settlement prices.

(2) Then connect to your usual data provider. The correct daily data sits already in your database and will not be overwritten, unless you start a reload on purpose.

(3) You can now access the daily data for pivots via the DailyBars option. The SessionPivots indicator will also display two-day-session pivots, if you enter the holiday dates (already preconfigured for CME).


This is a huge improvement on Ninjatrader 6.5. No more fighting with bad daily data. Enjoy!

Reply With Quote
The following 14 users say Thank You to Fat Tails for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Another Option


Another option:

First connect to Kinetick - End of Day, then second connect to Interactive Brokers or Zenfire. NinjaTrader now collects daily data from Kinetick and intraday data from your second connection. Just in case that you trade after the close and want to update the data without disconnecting from your intraday data provider.

Reply With Quote
The following 5 users say Thank You to Fat Tails for this post:
 
  #4 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received

Fat Tails,

Just a word of thanks. THis is really worth a pot of gold. How long I have waited for such a solution. Thanks once again for your contribution.

Perry

Reply With Quote
The following user says Thank You to perryg for this post:
 
  #5 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Have been fighting with NinjaTrader pivots for years. I'm happy it's getting easy now.


perryg View Post
Fat Tails,

Just a word of thanks. THis is really worth a pot of gold. How long I have waited for such a solution. Thanks once again for your contribution.

Perry


Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #6 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received


Fat Tails View Post
You do not want to look up the settlement price? You don't care about the session times? You are not aware that there are two-day-sessions with a common settlement date? But you want to display the correct floor pivots, Camarilla pivots, Fibonacci pivots or Woodie's pivots?


Here comes an easy solution for NinjaTrader 7 users

Kinetick daily datafeed comes free of charge and has about two and a half years of daily futures contracts data.
The data is high quality and is identical with the high, low and settlement price as shown on the website of the exchange.

So if you use Zenfire (no daily data) or Interactive Brokers (bad daily data, or missing daily data depending on your time zone), or any other data provider, who delivers the daily close and not the daily settlement price, just scrap all your daily data.


3 steps to get the correct pivots

(1) When starting NinjaTrader 7 in the morning, first connect to Kinetick and update all daily data via the Historical Data Manager. Takes a few seconds. Then disconnect. Now you have a clean daily data base with the correct settlement prices.

(2) Then connect to your usual data provider. The correct daily data sits already in your database and will not be overwritten, unless you start a reload on purpose.

(3) You can now access the daily data for pivots via the DailyBars option. The SessionPivots indicator will also display two-day-session pivots, if you enter the holiday dates (already preconfigured for CME).


This is a huge improvement on Ninjatrader 6.5. No more fighting with bad daily data. Enjoy!

One question when updating the Daily data as above. Do I have to have the Daily charts of each instrument open for it to update, or will it automatically update all the instruments in the instrument manager. I want to be sure I am doing it the correct way

Reply With Quote
 
  #7 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received


perryg View Post
One question when updating the Daily data as above. Do I have to have the Daily charts of each instrument open for it to update, or will it automatically update all the instruments in the instrument manager. I want to be sure I am doing it the correct way

Follow the guide:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


If you use Zen-Fire you should also read these comments:
https://futures.io/elite-circle/6893-price-divergence-between-exchange-my-data-provider.html#post78945

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #8 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


perryg View Post
One question when updating the Daily data as above. Do I have to have the Daily charts of each instrument open for it to update, or will it automatically update all the instruments in the instrument manager. I want to be sure I am doing it the correct way

This is always a problem, as you do not know at what time your data provider updates daily data.

The correct procedure would be

- to download daily data via the historical data manager and
- then check for all instruments that you want to trade that data has been downloaded to the data base.

Afterwards you can update your intraday charts one by one via F5.

The indicator will not by itself trigger the update. It could theoretically access the historical data base after the close, but it cannot trigger the update of daily data, as OnBarUpDate() will only update intraday data.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #9 (permalink)
Elite Member
Portland, OR
 
Futures Experience: Intermediate
Platform: NinjaTrader mostly
Broker/Data: I've tried 'em all
Favorite Futures: ZN, ES, 6E, TF, CL
 
drmartell's Avatar
 
Posts: 92 since Mar 2010
Thanks: 175 given, 78 received

Data feed and Sim account

Here is a little back and forth with NT support about issue with connecting to Kinetick EOD first and intraday provider second when trading sim (basically it doesn't work):

Order not accepted - multiple data feeds - NinjaTrader Support Forum

Reply With Quote
 
  #10 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Works with live acccount but not with SIM account



drmartell View Post
Here is a little back and forth with NT support about issue with connecting to Kinetick EOD first and intraday provider second when trading sim (basically it doesn't work):

Order not accepted - multiple data feeds - NinjaTrader Support Forum


Yes, it does not work with a SIM account, but it works with a live account.

Here is workaround:

Step 1: First connect to Kinetick EOD and downdload daily data.
Step 2: Disconnect.
Step 3: Connect to your data provider (TT) in SIM mode.

You have now correct data for yesterday, and TT data for today. Orders can be executed.

Now tomorrow, you will need to reload today's false daily data for all your instruments. This cannot be done with the Historical Data Manager (no selective reloading possible).

Step 1: So you need to pull up a daily chart with a short lookback period and toggle through the instruments, and for each instrument you have to reload daily data via CTRL-Shift-R.

Then follow steps 2 and 3 as per above.

Edited following discusion with @trendisyourfriend: Does not work for Zenfire/Rithmic.


Last edited by Fat Tails; January 15th, 2011 at 12:54 PM.
Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:

Reply



futures io > > > An easy way to correct floor pivots with NinjaTrader 7!

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
NT7 Toolbox for Floor Pivots Fat Tails The Elite Circle 311 May 29th, 2017 05:39 AM
LA Times: "Foreign currency trading is easy — an easy way to lose money" shodson News and Current Events 7 April 4th, 2011 10:20 AM
NT Indicator to plot Floor Trader Pivots historically on Intraday data? drmartell The Elite Circle 2 December 5th, 2010 04:21 PM
Correct pivots for today? Fat Tails Traders Hideout 5 June 3rd, 2010 08:27 PM
Best session for floor pivots? Fat Tails NinjaTrader 10 April 20th, 2010 05:52 AM


All times are GMT -4. The time now is 05:59 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.16 seconds with 20 queries on phoenix via your IP 54.167.44.32