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All you need
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Created: by Jeff Castille Attachments:534

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All you need

  #1681 (permalink)
Elite Member
India
 
Futures Experience: Intermediate
Platform: Ninjatrader
 
yroyal's Avatar
 
Posts: 66 since Jun 2009
Thanks: 14 given, 32 received


Zoethecus View Post
Very good!

How many winners/losers and what was the average win/loss?



Zoethecus, I am following this strategy since over two months, when I started trading with MedianRenko charts and Eco2new.

I can give you exact details of each trade, winners/losers, win/loss, risk/reward, max drawdown, Big net profits etc etc.... but thats not the intention of my posts. Why would you believe me ? The intention is to share with you a method, an idea which is working for me very well since two months.... till now ! And to get suggestions, advice from other members to still improve if they liked the idea.

You can apply this on your charts, your markets, try to find good chart settings... and see if it works for you. If it works historically on your charts, then you trade live with this method to judge whether it suits your personality. Its not easy to see a trade go in your direction say 30/35 points and come back to zero ! Patience, Temperament, TRUST in your indicator...will play a big role.

It suits me because I have learnt it the hard way. A major part of my trading career was lost in piling up huge losses catching Exact tops/bottoms, trading Countertrend, Reading pure price action, buying and throwing away new systems... Last two years have been stable for me, but still was falling short of my monthly targets.

I was on the lookout for a simple buy/sell profitable strategy, and MedianRenko charts really struck me. After trying various indicators, I froze on Eco2New. There is always a scope of improvement, waiting to try Sharkfin V2 from Sharky when it gets released.

I am more of a Visual trader, like to see how indicators are performing with my naked Eyes. Thats why attached past six days action for you to SEE and judge.

Made more than 10% of the instrument value in the first month. 14% in the Second. Already made 7% this month till now. ( For eg : If the average value of the ES over a month is 1000, 10% of that = 100 points ).... good luck !


Last edited by yroyal; November 8th, 2009 at 09:41 AM.
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  #1682 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


cunparis View Post
That was very helpful. I was trying trading a ES 6 tick (SBSRenko) but I love the looks of the 2 tick. So combining both makes a lot of sense. Like Jeff's anchor.

If anyone has any preferred tick sizes for CL or Euro please let me know. I'm experimenting with 10 for CL and 8 for Euro.

I'm also sorting through this and would appreciate any feedback from others, especially what StepMa settings work well with the respective instrument settings.

The 20, 20 that was used on the Nifty is almost a flatline on a 6T SbSR.

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  #1683 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received



yroyal View Post
Zoethecus, I am following this strategy since over two months, when I started trading with MedianRenko charts and Eco2new.

I can give you exact details of each trade, winners/losers, win/loss, risk/reward, max drawdown, Big net profits etc etc.... but thats not the intention of my posts. Why would you believe me ? The intention is to share with you a method, an idea which is working for me very well since two months.... till now ! And to get suggestions, advice from other members to still improve if they liked the idea.

You can apply this on your charts, your markets, try to find good chart settings... and see if it works for you. If it works historically on your charts, then you trade live with this method to judge whether it suits your personality. Its not easy to see a trade go in your direction say 30/35 points and come back to zero ! Patience, Temperament, TRUST in your indicator...will play a big role.

It suits me because I have learnt it the hard way. A major part of my trading career was lost in piling up huge losses catching Exact tops/bottoms, trading Countertrend, Reading pure price action, buying and throwing away new systems...

I was on the lookout for a simple buy/sell profitable strategy, and MedianRenko charts really struck me. After trying various indicators, I froze on Eco2New. There is always a scope of improvement, waiting to try Sharkfin V2 from Sharky when it gets released.

I am more of a Visual trader, like to see how indicators are performing with my naked Eyes. Thats why attached past six days action for you to SEE and judge.

Made more than 10% of the instrument value in the first month. 14% in the Second. Already made 7% this month till now. ( For eg : If the average value of the ES over a month is 1000, 10% of that = 100 points ).... good luck !

yroyal, I congratulate you on your great success and I really appreciate your contribution here. I want to emulate your performance!

I am trying to tweak the settings for the instruments I trade per your setup and, unfortunately, I'm not getting the charts to produce the perfect picture you seemed to have captured in the Nifty.

If any others are having a better time drilling down to a workable chart and StepMa setting for CL, 6E, FDAX and ES, please post here or PM me.

Thank you in advance for sharing.

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  #1684 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,875 received

here are some settings i use...sharky

KILLING THE MARKETS DAILY
Attached Thumbnails
All you need-stepma.png   All you need-samestepscrunched.png   All you need-settings1.png   All you need-settings2.png   All you need-settings3.png   All you need-setting4.png  
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The following 3 users say Thank You to sharky for this post:
 
  #1685 (permalink)
Elite Member
India
 
Futures Experience: Intermediate
Platform: Ninjatrader
 
yroyal's Avatar
 
Posts: 66 since Jun 2009
Thanks: 14 given, 32 received

thanks Sharky for your settings... although i have played with StepMA a lot, yet would like to understand how changing the Kv, Length, Stepsize, TenthPip have an effect on it...

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  #1686 (permalink)
Elite Member
India
 
Futures Experience: Intermediate
Platform: Ninjatrader
 
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Posts: 66 since Jun 2009
Thanks: 14 given, 32 received


roadshow View Post
Hi yroyal
Thank your for your post #1589
Is MedianRanko for real time only?
When I use it on histrical data the chart show nothing?


You should get it on historical data too. You are goofing up somewhere... try loading more historical data and use smaller value settings for MedianRenko. Currently I use SBSRenko charts to trade.. switched last week.

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  #1687 (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


Zoethecus View Post
I want to point out that, regardless how nice Jeff's AYN setworks work in a trend, you will still get hammered in a chop if you don't use something to help you to identify and avoid it, other indicators notwithstanding.

I find StepMA and Sharkband most helpful in this regard.

Can you post some charts illustrating this? I'm very interested.

I've tried StepMA but either it tracks too closely, or it gives me a late entry into a new trend. I haven't been able to find something that works for me.

I haven't played with Sharkband.

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  #1688 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,875 received

for all you guys that dont know how to read price , in my oppinion you should not use any kind of renko bars, you need to look at normal candles so you mind will sublimilly learn what price is doing then after a few years of understanding price goto renkos if thats your thing,but i feel like renkos will hurt or hinder your learning curve,just my thoughts take it to heart or not its up to you guys...sharky

KILLING THE MARKETS DAILY
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  #1689 (permalink)
Elite Member
Switzerland
 
Futures Experience: Advanced
Platform: Ninjatrader
Favorite Futures: Futures
 
Posts: 40 since Jun 2009
Thanks: 379 given, 29 received

Template?


sharky View Post
here are some settings i use...sharky

Thanks Sharky for posting the settings, where can I find the template?
Ganymed

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  #1690 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received



cunparis View Post
Can you post some charts illustrating this? I'm very interested.

I've tried StepMA but either it tracks too closely, or it gives me a late entry into a new trend. I haven't been able to find something that works for me.

I haven't played with Sharkband.

cunparis, I use the Sharkband set to 10 on almost all my charts, both small and large. My goal is not to take every trade but only those that have a high probability, which, to my way of thinking, are those that move out of chop or consolidation. I look for scalps on small bars charts and a position trade on the bigger bars.

I never used the StepMA until I saw what uroyal was doing and that peaked my interest. I'm still trting to wrap my arms around this tool.

Take a look at sharky's #1685 to see how I use the Sharkband. Thanks to sharky for teaching me this.

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