Did not want to promote illegal downloads from servers located in rogue states, just wanted to let everybody know that the book is worth reading. Of course you can process this information in any way that you think is appropriate.
Can I ask what broker you are using? I still haven't switched nt over to mirus/zen and on my IB data feed during the day it didn't plot as a ib/ob, but when I load the charts now it does.
I sim-traded both Inside Bar strategies on 6E this morning between 9:00 am and 11:00 am. 3 out of 3 winning trades (1 short and 2 long) with PT/SL @12 and 20. No manual management and just let them run on my laptop (using IB data feed).
Just did market replay to see if the results match the sim-trade ones. Surprise surprise .. they did!
Beth
The following 2 users say Thank You to wgreenie for this post:
I use IQFeed & Zenfire (Mirus). I'm not sure exactly what's going on but I connect to IQ first because I want their data first. But I don't have market depth so the DOM data comes from Zenfire.
IB should be ok for minute charts but for tick charts it is no good.
You can get iqfeed very cheaply with the exchange fee waiver. You pay the basic rate which is $60/month and get globex data for free if your broker qualifies (not sure about IB but Mirus does).
The following user says Thank You to cunparis for this post:
I have been using IB to sim trade some of my strategies mostly in the morning between 9:00 am and 12:00 noon. For example,
YM 5 minutes
ES 15 minutes
CL 15 minutes (using Reversal template)
6E 15 minutes (using Reversal template)
They're performing normal and the Reversal ones have the colored bars. Since I do not subscribe to NQ/TF, I cannot chart them. You may want to check your market data subscription.
Beth
The following user says Thank You to wgreenie for this post:
Thanks Jeff for sharing this setup.
I read all the posts last night and tried the inside bar setup with 2 paper trades with CL as a tester. Although I wouldn’t normally trade overnight I was itching to see it in action. I achieved a profit of +48 between 11pm and 12.15am EST and +28 this morning.
From my understanding of the entry, it’s taken immediately after the close of the inside setup bar, in the direction of the opening of the entry bar? I.e. if the entry bar immediately turns bullish then I would place a SL order above the inside bar? I hope that makes some sense.
