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It is ES 3-minute chart. However, my pattern depiction works on any products (stock, bond, futures, forex) and on any timeframes. I didn’t want to include those details because I just wanted to show the trend and patterns.
Can you help answer these questions from other members on NexusFi?
I sent you something from Ninja Trader please read and check with them if want proof it will save you some time. I have traded Macks method for years now its the way I like to trade. I purchased a high speed computer had the internet provider come out to run new lines etc. I went through a lot to try and solve this. At the end of the day you can't fix this. You have to right click on the 2000 tick chart and reload historical data quite often during the day and especial if you are getting ready to take a trade. If you do this the tick chart will alway be the same. I had a friend who used Ninja with a different provider we would reload and all bars would match perfect. This sound goofy but it works and I have done this for years. I haven't posted in along time. I saw this and knew the time I wasted searching for a fix. By the way mack method works so you need to have the correct info with the signal bar that improves your odds.
Possibly somewhat unrelated, but here are a few observations I've had using Tradovate.
A. Yes, I've noticed that the 2000t chart displays quite differently than Mack's at PATs.
B. The VWAP indicator is all jacked up.... meaning that it will provide different values
on different charts (what?!). Example: Rarely is the number exactly the same
on my 1m, 5m or 2000t charts. Sometimes it's only a tick or 2 off, sometimes it's as
much as 5 ticks off. I brought this to their attention and their developer
responded:
"...
1. The VWAP's value will depend on the amount of loaded data. If charts
starts at a different time (and they definitely will for small bars) - different values will be seen.
2. Looking to the formulas that is used by us, I have no idea why other platforms
should have identical VWAP values if they are applied to regular bars without volume
profiles. You can use a simple spreadsheet/Excel to see that there is no way to have them identical.
The same way we can expect that the end of an EMA will be the same for different periods.
...."
Unless I'm mistaken, (assuming futures) the vwap begins with the first order of the day....with
respect to its price and it's volume. The next candle (whether it is 1m, 5m, 2000t, whatever)
computes the same thing AND considers what happened on the prevoious candle.
It's odd to me that he things that the VWAP is similar to a MA. And since when to different (1m, 5m, 10m, or 2000t) charts start at "different times"?
C. At least for me, some of the indicators do not work at all, some work (like pivot points) only on
a 5m chart but not on anything smaller.
Small points, true, .... and I haven't left Tradovate because the price is definintely right and
there are NO issues with fills during high volatility times (first and last 30 min of session.)
I wish there was a Tradovate user's group, but the only members area ("community") they have
is a zendesk forum that simply allows you to post questions, requests for platform features
or requests to the independent developer community for special indicators. I've looked all
over and I've not found a users group dedicated specifically to Tradovate.
Anyway, that's my 2 cents. If I've got anything wrong here, please correct me.... be gentle.
Don't know if this will help or not but here is a suggestion NT code guy once gave me.
I do this every morning in my NT. as best practices.
Go to Control Center, go into tools, hit the historical data button, when it opens to a new menu box....look at the bottom of the menu box for.... 2 tabs
Edit and Load
Click on Load
This will bring up a new menu box
This allows you to reload the tick, minute and day data, check all 3 boxes by default it is minutes.
On the select button, you can select individual instruments or the entire instrument list, I do futures list, which mine is customized.
Now in the date boxes, start date ..end date....they reflect a week, but if you do this every day, you can have the same start date and add one day at a time until the end of the month.
or use the week on week aspect, which is what I do.
It takes a minute or so to load but at that point, you are loading the most recent historical tick data every day.
1) It does not matter. You're going to get trading opportunities that Mack may not on his chart.
2) "Use the same software as Mack" - not so easy. Yes, you can use NinjaTrader platform, and he encourages it, but he uses NT7 and he's probably grandfathered in with a broker plan that's no longer offered to newer NT8 traders.
Again - matching your chart to Mack's chart does not matter! It's much more important to build the skill set taught than to worry about the charts matching. This cannot emphasize this enough.
Then of course, there's the "order book" and when your trade is placed vs. when other folks trade is placed. While ES is quite liquid, the timing in which you place your trade, vs when others place their trade could be an independent factor that can't be controlled. Even between 2 machines which are essentially in sync, there's the REMOTE, and I state REMOTE possibility, that one machine gets the specific BID/ASK, while the other machine, +/-1 in the order book may not. Mack has suggested this and as to the reason why he like's NinjaTrader's ATM Strategy (Advance Trade Management) solution.
Then there is also the fact that data providers use multiple servers and depending on which one you are connected, and someone else sitting next to you (if in a trading room), or down the hall, across the street, or another part of the world data can vary slightly. S... happens.
I have seen this first hand. I am using identical 2500 tick charts side by side with the same templates and same data feed. One has a strategy to trade reversal setups using LizardTrader auction bars, and the other trading continuation moves. I have seen that reversal signals will occur on one chart but not the other. The highs occur at the same place, and against the same resistance, but there is just enough difference in the formation of the bars that the price rejection may appear enough in one setup to trigger a reversal signal, but not the other.
The outcome of signals may also depend on the selected lookback period. Each indicator has a training period during which the indicator values are not yet correct.
For example, if you add a SMA(100) to your chart, you need to wait for 100 bars, before it becomes accurate. For the SMA this is pretty straight forward. However, user of NinjaTrader will observe that the plot starts after 20 bars. The plot remains false for the next 80 bars, and will only show correct results after bar 100.
In case you add an EMA(100) to your chart, you need to wait for about 300 bars. This is because the EMA uses a recursive formula and error propagation takes a longer time to fade away compared to a SMA.
All indicators are stupid. The indicator output only depends on the input data. If you observe different results on two different charts, it means that the input data used on the two charts is different. With regard to the Auction Bars indicatoor there are two possible cases:
-> You used different trading hours templates, such as a ETH, RTH or a 24/7 template for the 2 charts. In this case you will also see that the candles have a different shape.
-> You used the same trading hours templates and observe exactly the same candles, but had selected different lookback periods for the two charts.
The Auction Bars indicator has a comparatively long training period, as it calculates market volatility for different filters from the secondary bars added. In case that one of your charts had a comparitively small lookback period, this may have affected the generation of signals.
Thanks. I believe I created a template for the indicator and used the same template for both charts. I just attributed the difference in signal output to the nature of tick charts. I will double check these settings, because if I get a signal on one chart, I would prefer to get the same signal under the same conditions on a second identical chart. Otherwise, the results of the strategy could vary slightly due to "luck of the draw". Most of the signals seems to match up, however. I'll report what I find, as it may be pertinent to this thread.
