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RodS ZN trades using Sharkys "power of 7" DMA paint


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RodS ZN trades using Sharkys "power of 7" DMA paint

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  #1 (permalink)
 RodS 
Indy
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: 6E,TF,YM,NQ
 
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Posts: 88 since Jun 2009
Thanks: 435 given, 66 received

This is something I have been toying with, but just for the past couple of days. This is using Sharky ZN setup from this post



I liked the concept but I never liked to take counter trend trades. So my setup is the same except I use my 11 range chart for the trend and trade off the 4 range chart.

Basically I go follow the long term trend and when i get a reversal on the DMA I bail out of the trade. When it changes back I get back in.


Here are today's ZN charts showing my entries and exits. Just doing this in SIM mode so far. Pretty impressive! Trading from 6:30 EST till about 12:00.

Total: + 48 ticks for the day!!! That's $750.00 on just one contract.

As I said this is very limited testing and I will do much more over the weekend. But I scanned the past couple of days and it appears there are at least +40 ticks a day.

I will post testing results and daily charts as we go along.

BTW Thanks to Big Mike for this tremendous Forum!! Also thanks to Sharky and all the members for sharing their experiences and some fabulous ideas!!


Rod

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  #2 (permalink)
Neal
Dallas
 
 
Posts: 23 since Jun 2009
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Rod,

Thanks for sharing your ideas. I also prefer to filter trades with a longer-term trend in the attempts to identify higher probability trades.

I am wondering how you achieved the executions you did.

When I watch my charts, the DMA turn is unknown until the completion of the bar after the turn, and the completion of that bar is not known until the open of the next bar. So, if the DMA turn occurs on Bar0, the open of Bar2 identifies/confirms that turn.

I must be missing something because your executions show you identify the turn more timely.

Thanks for sharing, and I look forward to your response.

Neal

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 zeller4 
Orlando Florida
 
Experience: Intermediate
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Trading: CL, NQ, ES, RTY
 
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Great job Rod,

Did you just use chart trader with manual entry / exit ?

assuming you didn't have any strategy or atm for that day's trading?

Also, were you clicking stoplimit orders?

Appreciate the screenshots, makes it very helpful.

thanks again to Mike an Sharky,

Kirk

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  #4 (permalink)
 RodS 
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Experience: Beginner
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Broker: Mirus/Zen-Fire
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Neal

Sorry to you and all that saw this thread if I mislead you. I was doing this fairly quickly Friday afternoon, as I was late for an appointment, and some of the arrows and entries were not completely accurate. The end result is the same though as I shut down +$750 on the one contract. I was on a different computer so I don't have my exact executions, not sure why I didn't use them then...duh!!!
I will do better on the next post.


Kirk

No, I haven't used chart trader before. I use the DOM and I did use manual entries and exits with no stops. I was placing my order in the buy or sell column and let it get filled at my price. ZN seems to be a much slower market than ES and I have had a much easier time getting filled. Once again this is only looking at ZN for the last week.

I was going to do more testing over the weekend, but weather was too nice and the water too inviting. I will have more charts up later today.

Thanks

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 pakeez 
Anaheim, California, USA
 
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Posts: 7 since Jun 2009
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RodS,

Thanks for posting your charts with trades.

I have moved to live trading on ZN recently. One thing I have found that getting filled on your price on DOM is really difficult, once the market starts moving. I did not had problem on YM.

Secondly I am confused from your charts. The 11 range chart at about 7:05 AM had price bar below DoubleMA, however you took long trade on 4range chart at that time. Was it based on the 11 range candle being up?

If you clarify for me, it may help me to understand this strategy.

Thanks

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 RodS 
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Hi pakeez,

I entered the trade @ about 7:05. This was not based on the candle being above of below th DoubleMA. This was purely based off of if the DoubleMA was blue or up and the long term trend was up you would go long.

On entering the trades on the DOM I did try have a problem getting my fills on replay. I am not sure why this was. Anyone else have any idea why this may be so?

I will have new charts up later today.

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 RodS 
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Experience: Beginner
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Posts: 88 since Jun 2009
Thanks: 435 given, 66 received

Here are the charts for today. I have added a 1 minute chart using the Fibonacci lines for S/R lines as well as heads up on possible re-tracements.

Once again I am using the 11 range chart for reference of the days trend.
I use the 4 range chart for my entries. I only trade with the trend for the day.
If it is trending up I will only go long. If it down I will only take shorts.

My entries are based on the DoubleMA color. When it agrees with the day trend I enter until it turns color and then I exit. I have noticed that I can use my 1 minute chart to get maybe a little bit better fills or exits based off of the short trends and the fibonacci lines. Still testing though.

But for the day.

+ 44 ticks

Not bad for a mornings work!

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Name:	ZN 09-09  6_30_2009 (1 Min).jpg
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 jimbob42 
Massachusetts, USA
 
Experience: Beginner
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Posts: 30 since Jun 2009
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Great thread on the ZN
I have a few questions that might appear basic but I am just getting my feet wet in Ninja

In trying to replicate your chart where do I find the indicators, here or on the Ninja forum?

For example the AVDXVMA---the AVDX is on the Ninja forum.. do I download that version first and then overwrite it with the version here?
Does the indicator then show as the graph on the bottom of the chart>

Thanks for any assistance
Jim

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 zeller4 
Orlando Florida
 
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jimbob42

look in the downloads section.

you don't need the Ninja support forum version first although there are some links to pick those files.

Also, please note there are several threads discussing the DoubleMA and DoubleMAPaint. Please read first to know you have the right versions...

Kik

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 zeller4 
Orlando Florida
 
Experience: Intermediate
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Trading: CL, NQ, ES, RTY
 
Posts: 476 since Jun 2009
Thanks: 1,403 given, 403 received



RodS View Post
Here are the charts for today. I have added a 1 minute chart using the Fibonacci lines for S/R lines as well as heads up on possible re-tracements.

Once again I am using the 11 range chart for reference of the days trend.
I use the 4 range chart for my entries. I only trade with the trend for the day.
If it is trending up I will only go long. If it down I will only take shorts.

My entries are based on the DoubleMA color. When it agrees with the day trend I enter until it turns color and then I exit. I have noticed that I can use my 1 minute chart to get maybe a little bit better fills or exits based off of the short trends and the fibonacci lines. Still testing though.

But for the day.

+ 44 ticks

Not bad for a mornings work!

Rod, awesome job for the day!
I noticed you have an ORP - Opening Range Projection file on the other chart... Is that available on this site and/or have you shared it?

Also, I'm curious if you have a manner to plot the entry / exit levels? I'm trying to incorporate those in my charts other than just the standard plotted markers.
For example, when you see the setup to go long, are you entering on 1 tick past the high of the previous bar?
Thanks
Kirk

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