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FlexRenko in day trading


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FlexRenko in day trading

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  #111 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
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Posts: 396 since Jan 2013
Thanks: 559 given, 141 received


cory View Post
YM is tradable.

Hi Cory, Could you change you setting in you YM chart so it has the same trend (up) before US day sessions open? Regards Outlander

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  #112 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Outlander View Post
Hi Cory, Could you change you setting in you YM chart so it has the same trend (up) before US day sessions open? Regards Outlander

I change it from 16 to 50 but it's still down before US open, so I just keep 16 and chop off data from 4pm to 9:30am.

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  #113 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
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Posts: 396 since Jan 2013
Thanks: 559 given, 141 received



cory View Post
I change it from 16 to 50 but it's still down before US open, so I just keep 16 and chop off data from 4pm to 9:30am.

Ok thanks I will post my charts and yours with some markings on. You will se that my charts are not the same as yours. Must be some differnce how the bars are calculated in Ninja compared with Sierra. I have removed my stuff in the price area to get a cleaner look when explaining. You can look at it and we could talk about it. Regards Outlander



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  #114 (permalink)
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
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Outlander View Post
Ok thanks, I use Sierra so I can only the Sierra settings for the Flex Renko bars. With the settings I use for index like YM the range around 45 ticks. Sierra has an option new bar then exceded and I use that. It makes it stay in the same trend longer. I think it is bettar to stay in the same trend for a while and not change for every little move. If up trend before US day session so wait for a pullback bar down to the 40-60 % area and get in and hope for the best. If you like I could post my YM chart for today and we could talk about it. Regards Outlander

Sure

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  #115 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,000 since Jun 2009
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Outlander View Post
Ok thanks I will post my charts and yours with some markings on. You will see that my charts are not the same as yours. Must be some differnce how the bars are calculated in Ninja compared with Sierra.
...

yes, they are different, this is just my attempt to have NT chart kind of looks like SC chart. The entry will not be the same, the exit will not be the same, the target will not be the same. Only one thing/idea is in common, trade on the pullback, that's it.

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  #116 (permalink)
Všnersborg Sweden
 
Experience: Beginner
Platform: Sierra
Broker: Transact
Trading: YM,EMD,DAX,CL,CG
 
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Posts: 396 since Jan 2013
Thanks: 559 given, 141 received


cory View Post
yes, they are different, this is just my attempt to have NT chart kind of looks like SC chart. The entry will not be the same, the exit will not be the same, the target will not be the same. Only one thing/idea is in common, trade on the pullback, that's it.

Ok as you now understand I know nothing about Ninja trader
Regards Outlander

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  #117 (permalink)
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
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cory View Post
@MWinfrey
either I or you didn't interpret his strategy correctly. On the same chart I see only 1 loss maybe. The only strategy in used is buy/sell on the pull back. I know nothing about strategy coding so this is how it looks on the same chart.

@cory,

each one of those big 16 tick bars is a retrace entry as well. when each one of those bars is forming you don't know whether price is going 16 ticks or 8. so, as i mentioned there are valid entries on each of those 16 tick bars or are you doing something to exclude them?

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  #118 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,000 since Jun 2009
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MWinfrey View Post
@cory,

each one of those big 16 tick bars is a retrace entry as well. when each one of those bars is forming you don't know whether price is going 16 ticks or 8. so, as i mentioned there are valid entries on each of those 16 tick bars or are you doing something to exclude them?

big bar with arrow is just signal bar you don't know what signal until it stops forming.

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  #119 (permalink)
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
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Posts: 1,880 since Jul 2009
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cory View Post
big bar with arrow is just signal bar you don't know what signal until it stops forming.

yes i understand and that's my point. let's say you are in an uptrend and you get a long retrace entry. that bar could keep retracing to form a short signal bar instead of continuing long.

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  #120 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,000 since Jun 2009
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MWinfrey View Post
yes i understand and that's my point. let's say you are in an uptrend and you get a long retrace entry. that bar could keep retracing to form a short signal bar instead of continuing long.

yes, that does happen but what can you do! eat the stop and move on.

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