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All you need
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All you need

  #1281 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


Dragon View Post
Hi Cunparis,
Did you see the new BetterVolume2 indi in NT just posted? The guy who did it said it was a straight port from Tradestation and it is all based on Barry Taylor's ideas on volume. I don't remember if you ever got the exact version ported over from Barry Taylor on Ninja. If we did then disregard this post. Could you download it and tell us what you think of it? Thanks...

Chris

I released one called Volume Patterns, it's in the download section and I also made a thread "Learn to use volume". I named it that cause I want to add more patterns than just the ones from Better Volume.

The limitation is that it only does HVC & LV because Ninjatrader doesn't have the upticks & downticks required to do climax up & down. I only use HVC & LV so it's not a problem for me.

Take a look and let me know what you think.

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  #1282 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
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Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


Dragon View Post
This might save you some time.

I looked at the code but I haven't tested it. The reason is this:


Quoting 
This indicator works the same on daily or intraday bars. The original Tradestaion
code makes use of up volume and down volume data for intraday bars, and for daily
bars it calculates up volume and down volume from the relative positions of open,
high, low, and close. We use the latter method here, because NinjaTrader does not
provide up volume and down volume data.

This is ok for HVC & LV cause they don't need the upvolume & down volume (called upticks & downticks in Easylanguage). But for up climax bars it's not as accurate.

So I just use my version with HVC & LV for intraday charts. I've compared my charts on Ninjatrader with the same ones on Tradestation on minute charts and they're exactly the same so I have confidence in using my own.

When I need climax bar information (for swing trading) I just use tradestation.

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  #1283 (permalink)
Elite Member
Bellingham, WA
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Zen-Fire
Favorite Futures: 6E, CL
 
Dragon's Avatar
 
Posts: 494 since Aug 2009
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I see what you are saying. The climax pattern data is not available on NT in its current version. Ok I will look at the Volume Pattern indi you created. Thanks!

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  #1284 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
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Crosses????

Hi Haim,

I have not seen anyone talk about trading moving averages crosses on this thread.

Jeff

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  #1285 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received


haim View Post
How do you manage to handle the slow moving ES range 4 or 5 with out getting killed with system base ema/sma crosses?

In a fast market like CL it may be safer as its most tranding but ES or ZN?

I've been focusing on Euro & CL for the past 2 months. They move a lot more, sometimes 100+ ticks. Plus they start trading earlier which is a real plus for me cause I live in Europe.

CL is not "safer" it's extremely violent and is very sensitive to news releases.

The challenge with the Euro is also it's advantage. It moves a lot and at $12.50/tick it can be expensive when you're wrong.

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  #1286 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
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Posts: 2,119 since Jun 2009
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Bad Day


haim View Post
Well, the most I know abour moving avr. is to use it for price above/below or for cross and was able to lose over $3000 in one day trading cross and above below 20 and 50 ma's. (It was a BAD day, a VERY BAD one...) That why I ask about it and will take any help offered. (Hope the dots way can recover some of my lost in the near future)

Hi Haim,

I am very sorry to hear about your bad day.

Just a couple of thoughts that might help you avoid such bad days in the future.

#1 Never risk more than 2% of your trading account on any single trade.

#2 Have a daily "tilt"...(a point where you stop trading)....this could be a dollar amount or if you have a certain number of losing trades in a row (usually 2 or 3 at the most) If you reach your "tilt" you are doing something wrong and you need to go back to the drawing board and figure out why your approach is not working.

The "All you Need" approach is a trend following trading technique and focuses on what is known as continuation trades. A trend is identified by a slower moving average (either a 20 EMA or 50 EMA depending on your instrument of choice) This slow moving average has the degree of slope incorporated into the average which is adjustable and colors that correspond. Once the EMA changes color......say it turned blue indicating long.....you wait for a pullback and enter the market in the direction of the slower moving average. Now, in order to identify a pullback I use a faster moving average that follows the price very closely. The most recent inovation in the "All you Need" approach is the faster moving average in the form of a "dot." The "dot" helps to identify the continuation of the trend. Usually, once a trend is established, there are 2 good pullbacks, the first typically being the best. If you take any more than 2 pullbacks it becomes more risky and the chances of your trade succeeding are low.

This type of trading may not be your style and that is ok. Find another style that fits your personality and master it.

What ever you do .....don't "revenge trade" to try and get your money back quickly. Figure out, one trade in one market and master it....then move on the master another trade. Sim it first then try real money.

Good luck, Jeff


Last edited by Jeff Castille; October 11th, 2009 at 11:55 AM.
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  #1287 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

Make a Plan

Hi Haim,

I would recommend that you make a plan.

If you would like to try the "All you Need" style then you should read this thread start to finish. Then create a written plan and post it on this thread. Include a chart to illustrate how and when you will trade with what money management in place.

No one can do this work for you.

If you do not have a written plan you will fail at trading.

Jeff

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  #1288 (permalink)
Elite Member
Northern California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,279 received

Trend day example

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Here's an example of a trend day. This chart includes doulble JeffDots.

JeffDots 5/5 EMA 20
JeffDots 5/5 HMA 2
EMA_Colors_Paint 5/5,20 (panel 2 hash 0)
EMA_Colors_Paint 5/5,20 (color bars true)

Spend sometime and set up your chart. It will help you understand what is on it. Do not ask me for the template.

YM 15 range bar

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  #1289 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
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Favorite Futures: 6B
 
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Jeff Castille View Post
Hi Haim,

I would recommend that you make a plan.

If you would like to try the "All you Need" style then you should read this thread start to finish. Then create a written plan and post it on this thread. Include a chart to illustrate how and when you will trade with what money management in place.

No one can do this work for you.

If you do not have a written plan you will fail at trading.

Jeff

Haim,

I'm sure Jeff would agree that when you write down your trading plan to focus the majority of your time on the money management aspect. Your trade setup/trigger/etc is the easy part. How you manage to take profits, cut losers short, decide to throw in the towel for the day, know when to not trade, etc are the much more important aspects of a trade plan.

Good luck and good trading.

Blz

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  #1290 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,032 received



haim View Post
Well, the most I know abour moving avr. is to use it for price above/below or for cross and was able to lose over $3000 in one day trading cross and above below 20 and 50 ma's. (It was a BAD day, a VERY BAD one...) That why I ask about it and will take any help offered. (Hope the dots way can recover some of my lost in the near future)

Here's a rule that i follow that will help you:

Never trade real money until you've proven that you can consistently trade profitably on a simulator. Being profitable on sim doesn't mean you'll be profitable with real money, but if you're not profitable on sim you won't be profitable with real money. Consistent = several weeks or several months depending on your trading experience and style.

Then once you start trading, you have to deal with the psychological issues (like deviating from your plan). I suggest risking the minimum amount possible. This means trading stocks / etfs instead of futures (SPY instead of ES, etc.). Then you can trade 10 shares and risk only a few dollars. You slowly build that up until it reaches a maximum of 1% of your account (I disagree with Jeff on the percentage, until one has a long track record of profitability (6months - 1 year) 1% is a good maximum. It makes the risk of ruin near zero provided that you have an edge.

Expect to spend 2 years to become profitable, working at least part time. If you don't have the time then best to find another profession.

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