Inside Fibbee's Incubator (Bloodhound Journal) - futures io
futures io futures trading



Inside Fibbee's Incubator (Bloodhound Journal)


Discussion in Trading Journals

Updated by Fibbee
      Top Posters
    1. looks_one Fibbee with 25 posts (33 thanks)
    2. looks_two Ron8 with 11 posts (1 thanks)
    3. looks_3 hen322 with 3 posts (0 thanks)
    4. looks_4 Mantrs with 1 posts (0 thanks)
    1. trending_up 3,721 views
    2. thumb_up 35 thanks given
    3. group 7 followers
    1. forum 41 replies
    2. attach_file 11 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Inside Fibbee's Incubator (Bloodhound Journal)

(login for full post details)
  #21 (permalink)
Toronto + Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES
 
Ron8's Avatar
 
Posts: 31 since Jul 2019
Thanks: 85 given, 20 received


Fibbee View Post
This is a reminder of why I spend 160 per month to incubate systems before they go live.

Inevitabley when you design a system, there is going to be something you forgot to do/include/adjust and this is a good example to share.

I have been having some misc. issues with my newest system GeeGee the past couple of weeks and yesterdays FOMC highlights why I incubate... I forgot to have this one avoid the 2:00 area and well...

This would be pretty ugly if I had this one live before working out the kinks.

In other systems I have programmed a "pause" condition where if the speed of bars spike like this, the system will avoid taking trades. Its particularly helpful for news and Sunday night gap opens. In my mind, I try to build systems that are as intelligent as possible and can "know" when things are not normal.

Hello Fibbee,

How do you program this "pause" condition in Bloodhound? For economic releases like this, is the Time Session solver in Bloodhound enough to handle this?

Thanks,

Ron

Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
Delta PVP ( POC )
MultiCharts
Convert H Data TS to NT
NinjaTrader
Das Trader Pro
Platforms and Indicators
converting useful Pine Script into Multicharts code
EasyLanguage Programming
Motley fool
Trading Reviews and Vendors
 
 
(login for full post details)
  #22 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
Thanks: 99 given, 154 received


Ron8 View Post
Hello Fibbee,

How do you program this "pause" condition in Bloodhound? For economic releases like this, is the Time Session solver in Bloodhound enough to handle this?

Thanks,

Ron

There's a couple of ways you can curb your system around news volatility:

You can use blackbird to only trade during permissible times.

You can also use the time block to block signals during certain times.

I have a custom indicator I developed for a variety of range and speed conditions and one of them lets me know when there are a lot of bars printed within a short period of time. Which usually happens during news or gaps.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #23 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
Thanks: 99 given, 154 received


Despite this looking like it would have taken 8 losers in a row, if you're using a stop above the high for shorts it wouldn't have hit you if you had an offset. I have learned its worth it to offset your stop to avoid getting wicked out.

I typically use at least a 4 tick offset on systems that are putting stops behind swing highs or lows to avoid getting wicked.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Fibbee for this post:
 
(login for full post details)
  #24 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
Thanks: 99 given, 154 received

WEEK 3 WRAP UP

Overall a good losing week. Which is something you don't hear very often in the trading world. I am happy to see the dynamic version of Pete do exactly what its supposed to do and save some face when the market decides to give back a week of gains.

All and all it would have actually been a winning week if I had been running the dynamic version and not the standard Pete. Hopefully this coming week brings more downside so I can further analyze how effective the dynamic version is. Especially paired with the hi-vol versions of Savio & Philomena.

Holding some hedged positions into the weekend. Current unrealized ~2300

You can watch the wrap up here if you prefer.
https://www.youtube.com/watch?v=kz_4CNXVWZc&feature=youtu.be

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Fibbee for this post:
 
(login for full post details)
  #25 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
Thanks: 99 given, 154 received

Markets gapped lower and I closed out my hedges at reopen for +1,400

The point of the weekend hedges is to (obviously) cover your exposure in the event the market gaps lower beyond your broker held stops and you end up taking 2 or 3x the loss. I unfortunately learned this one the hard way so even as a best practice I do it inside of the incubator as well.

At the close of last friday I had 2300 in open unrealized profit.

All the positions remained alive since the market(s) did not gap beyond the lows from Friday afternoon so the 1400 will cover all the risk/stops of the open positions in the event we move lower.

More importantly the sytems can run through untouched and the results remain accurate.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Fibbee for this post:
 
(login for full post details)
  #26 (permalink)
Toronto + Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES
 
Ron8's Avatar
 
Posts: 31 since Jul 2019
Thanks: 85 given, 20 received


Fibbee View Post
Hey Ron,

I think what I am going to do with this journal is start building out some systems to test and run so that there's something for people to follow along with from start to finish. What do you think about that idea?

Hi Fibbee,

Can you please try to build out this system in Bloodhound?

"Higher Highs, Lower Lows and Pullback Momentum

General Description

This pattern has 2 components. First, for long trades, it looks for more recent higher high bars (high above previous high) than lower low bars. Second, it looks for a short term pullback. When both of these are found, there is a long signal. Vice versa for a short signal.

In code, this is how it should look:

1. Count the number of higher highs (current high greater than previous high) over the last “BCount” bars.
2. Count the number of lower lows (current low less than previous low) over the last “BCount” bars.
3. If the number of higher highs is greater than the number of lower lows, and the current close is less than the close “pullback” bars ago, then go long at next open.
4. Do opposite for short trades.
5. Exit after X bars after entry, unless a reversal signal occurs first."

This refers to counting bars. I am new to Bloodhound and so far I can only code those based on chart indicators.

Thanks in advance.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #27 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
Thanks: 99 given, 154 received


Ron8 View Post
Hi Fibbee,

Can you please try to build out this system in Bloodhound?

"Higher Highs, Lower Lows and Pullback Momentum

General Description

This pattern has 2 components. First, for long trades, it looks for more recent higher high bars (high above previous high) than lower low bars. Second, it looks for a short term pullback. When both of these are found, there is a long signal. Vice versa for a short signal.

In code, this is how it should look:

1. Count the number of higher highs (current high greater than previous high) over the last “BCount” bars.
2. Count the number of lower lows (current low less than previous low) over the last “BCount” bars.
3. If the number of higher highs is greater than the number of lower lows, and the current close is less than the close “pullback” bars ago, then go long at next open.
4. Do opposite for short trades.
5. Exit after X bars after entry, unless a reversal signal occurs first."

This refers to counting bars. I am new to Bloodhound and so far I can only code those based on chart indicators.

Thanks in advance.

What timeframe are we using for the bars?
Can you provide me a screenshot of this pattern as you see it?
Are you essentially trying to define trend based on a swing high breaking and then use a bar that is lower in close but not lower that the break bars low for your pullback?

Fair warning, using bloodhound for signal counting type templates has been a nightmare in my experience. The signal counter does not work the way you would think.

I am sort of lost by what you're trying to build so please provide me with some additional details.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #28 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 156 since Sep 2011
Thanks: 99 given, 154 received

In response to @Big Mike request for feedback

Dear @SharkIndicators,

I have used bloodhound since 2016 and I love your product. It completely changed my trading forever. After 4 years I still learn new ways to do something.


Things Id love to see added in a future update:

Can you please add a simple R-Multiple feature inside of blackbird's target options? I know there is a work around with the ATR percentage but it doesn't work as well on a non-time based chart. It would be a gift to be able to set your targets in just R multiples of your stop.

Can you add a feature to blackbird that allows for the adjustment of size based on number of trades taken or daily PnL?
In otherwords, reduce size if down 3 trades, increase size if above $X daily pnl, etc. It would be nice to be able to adjust your position-sizing based on how the signals are performing and not just a hard shut-off for daily watermarks met.

There are probably a few others that I will think of as soon as I hit send, but for now, those are two that would really go a long way for me personally.


Thanks!

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Fibbee for this post:
 
(login for full post details)
  #29 (permalink)
Site Sponsor

Web: SharkIndicators
AMA: Ask Me Anything
Webinars: SharkIndicators Webinars
Elite offer: Click here
 
 
SharkIndicators's Avatar
 
Posts: 31 since Nov 2019
Thanks: 152 given, 46 received

Great feedback Fibbee, thanks! I've shared this with the team for future consideration. - Keith (Sales & Marketing)


Fibbee View Post
Can you please add a simple R-Multiple feature inside of blackbird's target options?

I think I mentioned this before, but I'll mention it again for everyone. The Ratio based order offset option has been on our todo list for a while now, and I believe it is planned to be added during the 15th update. Currently, we are on the 14th update. So, the 15th update should be out some time this year.
Take care,
Zac



BloodHound for signals, and BlackBird for trade management.
Reply With Quote
The following user says Thank You to SharkIndicators for this post:
 
(login for full post details)
  #30 (permalink)
Toronto + Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Emini ES
 
Ron8's Avatar
 
Posts: 31 since Jul 2019
Thanks: 85 given, 20 received



Fibbee View Post
Hey Ron,

Yes, everything here is built with bloodhound and executes with blackbird in a VPS.

Hi again Fibbee,

I have these conditions that I want to incorporate in my strategy.

In my Buy signal:
Buy Stop = High of previous bar + 1 point
Buy Limit = High of previous bar + 5 points

In my Sell signal:
Sell Stop = Low of previous bar - 1 point
Sell Limit = Low of previous bar - 5 points

Can this be done in BloodHound or in BlackBird? If possible, how?

Thanks in advance.

Ronnie

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > Inside Fibbee's Incubator (Bloodhound Journal)


July 14, 2020


Upcoming Webinars and Events
 

Bookmap

Nov TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts