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hen322's SharkIndicators Bloodhound Getting Started Journal


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hen322's SharkIndicators Bloodhound Getting Started Journal

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  #1 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Emini ES, Micro ES, ZN, ZB, ZF
 
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Posts: 128 since Apr 2019
Thanks: 146 given, 231 received

Bloodhound In a Nutshell
Bloodhound is an indicator that you attach to your chart. Then there is a little button on the upper right of the chart window to access it. Then you have to know what the Solver and Logic tabs are which are the only two tabs you see. The Solver shows you a list of the main things in your strategy and the Logic tab will show you your programming interface. That's where you will hang out and do your work. Then you run your strategy with siRaven which is also installed into your strategy menu, and connect the bloodhound indicator to it.

I finished taking the first four Bloodhound videos. I feel more confident in using it now. I'm currently using the strategy the videos taught, and am using it with the ES, on a 2 minute short-term chart, and a 10 minute longer term one.

I backtested the strategy for the times when I would actually trade, which is between 8am-1pm pst. I played around with the profit and stoploss numbers to find the most profitable result. It's showing me a profit so I'm going to build on that.

Then there's 3 tabs at the top of the logic chart that you use to create your strategy.

So I'm incorporating BloodHound into my trading day, after I'm finished with scalping the treasuries.

A few things that I wished they mentioned about working in the Logic tab.
1. The middle button on your mouse will turn your cursor into a hand to grab the whole logic chart to move around so you can see past the edges of the logic window. You can also hold your left button down and move against the edges of the window to see more of the board.
2. You can zoom in and out of the chart by rolling your mouse wheel. That comes in handy big time!

Maybe they mentioned it in the starter videos and I wasn't listening, maybe they didn't, but I hope this could help someone by mentioning this.

They have alot of Bloodhound videos in their YouTube page, so I selected a few to work through, to get more familiar with the software and what it can do. I also signed up for their workshop each week. So if I learn anything that I think would help someone else, I'll post it.

Here is a quick video of what I wrote.
https://www.youtube.com/watch?v=0ZQRdpfUiSw&feature=youtu.be

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #2 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Emini ES, Micro ES, ZN, ZB, ZF
 
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My strategy triggered a trade today. It was when the FED announced that they will be buying more corporate bonds. I had a good feeling it was going to create a bull flag pattern, and that my auto strategy would not be the right one for the play. I let it trade anyway, to see the executions from BloodHound. It was a lose on my sim account because it went down far enough to trigger my stoploss, then continued up.

I started going through one of their tutorials yesterday, called "Building a Custom Intraday Flag Pattern Signal" video, which was the ideal strategy for today's action on the ES. I had to watch the video a second time today to understand how to create the strategy, and learned more about "nodes". Nodes are the key to understanding how to make the programs/strategies.

Building a Custom Intraday Flag Pattern Signal video takeaways.
Looking at the strategy from the long side, have BloodHound read the high of the day, then tell it to look 5 bars ahead for lower highs until the next bar finally breaks the previous high. And vice versa for shorts.

The nodes are the "blocks of code" that you use to create the indicator.
There are 3 catagories for nodes, they are "solvers", "function", and "logic".
Solvers are where you begin, they are the start of your programming.
We used 3 "indicator comparison" nodes.
1st one is to compare price to the days high/low.
2nd one is to compare current high/low to prev high/low (for the pullback).
3rd one is to compare the breakout bar to the previous bar (for the breakout signal).

The confusing part was learning about the "lookback" node, which was used to shift the signal the pullback gave, forward to the breakout bar. That is how you connect two "indicator comparisons" nodes to one another, in order to signal the breakout.

And then we added more nodes to tell it to not use the breakout bar as 'the new high' for the next breakout signal.

Warning: There is no "undo" function/button that you can use to undo a change or deletion, while you are working in the logic workspace. I emailed them and they confirmed it, but are working on installing one in the future.

Lastly, we added another "indicator comparison" node to ignore the breakout bar that has its wicks engulf the previous bar.

Here is a quick video of what I was talking about:
https://www.youtube.com/watch?v=jilyiC06PiA&feature=youtu.be

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #3 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Emini ES, Micro ES, ZN, ZB, ZF
 
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Posts: 128 since Apr 2019
Thanks: 146 given, 231 received


Today the stock market gradually climbed up, then back down, and whipsawed between it's day's high and low. The two strategies I have, (the 2 SMA crossover strategy, and the bull flag one), would not have worked well in this price action.

I wanted to figure out how to change my bull flag strategy, instead of using the day's high/low, I wanted to be able to use the high of the highest candle from the last 20 bars. And vice versa for shorts.

Luckily, I came across a BloodHound video called "Comparing Highest High of 5 bars back to HH 10 bars back".
I figured that I could probably tweek it and add it to my logic.

In order to do this, I had to use an indicator that BloodHound provides called siChameleon.

So I basically changed my indicator comparison node for signaling the day's high/low to signaling the highest bar from the last 20 ones.

You can also add it to the chart to see the indicator displayed.

Now I have my ideal bull flag strategy!

Here's a super quick video.
https://www.youtube.com/watch?v=LcLYxaUCN1c&feature=youtu.be

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #4 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Emini ES, Micro ES, ZN, ZB, ZF
 
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Posts: 128 since Apr 2019
Thanks: 146 given, 231 received

This is how I used BloodHound to trade.

Yesterday, June 17, 2020, I decided to have both of my strategies running at the same time.
1. SMA crossover strategy.
2. Bull Flag strategy (with the new High of the last 20 bars).

I had a good amount of signals during the day from the bull flag one.

After seeing a couple opportunities not signaled, I wanted to adjust my strategy from a 3 minute chart to a 2 minute.

I wanted to get more signals so I switched to a lower time frame.

Right after I refreshed the strategy, it showed the SIMULATION flags from siRaven called "Historicals". It's just telling you that your strategy is in the middle of a trade that would be included in your backtesting.

Next one was a bull flag entry, and I exited early with a 5 tick loss, because I noticed a resistance level above, so I tightened my profit target and stoploss.

Next opportunity didn't trigger, so I started looking at what I could change in my logic to give more signals.
Luckily, an opportunity for a bear flag came, I got a profit filled of 15 ticks.

Next one, I could have got another winner, but I decided not to enter that one, because I thought that price was at a possible support level.

The last one was a weird trade, and I got an error message. It seems like the signal was triggered, so an entry happened, but then the price jumped up so fast that an error occured, and an automatic exit happened at -5 ticks (whereas usually my auto stoploss order is normally placed at 15 ticks away). Check it out and watch carefully.

Watch the video to see what I was talking about
https://www.youtube.com/watch?v=S_hwfrUdr3g&feature=youtu.be



Here's the file to use it in your BloodHound!
flag pattern signal

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #5 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
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Posts: 128 since Apr 2019
Thanks: 146 given, 231 received

In response to @Big Mike and @SharkIndicators about reminding us to give feedback.

I began this contest with a preconception of it just being another software that had preprogrammed strategies that they were trying to sell just like all these other companies. Then when I started to learn how it's made to be programmed and replace manual coding that's when I thought it's going to take forever to learn. But after watching their first four videos, that's when I understood it better and how learning it isn't as hard as I thought it would be.

After getting familiar with their workshop videos available and their documentation about each item in bloodhound, I got more motivation to go through one of their workshop videos.

After struggling through one and completing it, that's when I felt like I understood it enough to add it to my trading. I got comfortable very quickly with what it can do. Every time I had a question I would email them and they would respond back real quickly with an answer. I also attended one of their weekly webinars, which is another great resource to get more of your questions answered and to see the programming in real time.

I’ll work on keeping up with this journal and share what I’ve learned and experienced.

“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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  #6 (permalink)
Boise, ID
 
Experience: None
Platform: NinjaTrader
 
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Posts: 19 since Nov 2019
Thanks: 132 given, 30 received

Hey thanks for the feedback; it's great to hear that the intro videos were helpful, and that you took advantage of the weekly workshops. There's always more we can do to improve things for new users, and your comments offer great motivation to our team.

Cheers!



BloodHound for signals, and BlackBird for trade management.
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San Francisco CA
 
Experience: Advanced
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Posts: 128 since Apr 2019
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Buy Stop 1 tick above the previous bar's high, but not more than 5 ticks.

A gentleman was wondering if someone could create a BloodHound Strategy where the entry (looking at the long side), would enter only if the price traded 1 tick above the previous bar's high, but not more than 5 ticks.

The problem is, I can only program it to enter at the close of the bar, and not during the formation of the bar.

Here are the options to choose from for the close of the bar.

price options


I created one were it entered at the close, but try tweaking it with the other values to see different results.
I also added "bar direction" to the logic so it could get rid of a short and long signals happening at the same time.

Here is a download of the template:
Buy Stop and Limit


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  #8 (permalink)
San Francisco CA
 
Experience: Advanced
Platform: NinjaTrader, TOS, Jigsaw
Broker: Dorman Trading
Trading: Emini ES, Micro ES, ZN, ZB, ZF
 
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Posts: 128 since Apr 2019
Thanks: 146 given, 231 received

"If anyone is interested in having their strategy programmed into Bloodhound, post the request here and I'll give it a shot!"

Here's a quick video of the question I asked in the last webinar on Thursday. This will give you a better understanding of how BloodHound programming works!

Question: When I make a copy of a logic and I make a change in that logic copy, why does it keep applying the changes to the original?

So the way the solvers work is that the nodes in the copied logic are the same ones that are in the original.
And if I delete or change the connectors, the functions, or logic nodes, they won't be deleted or changed in the original. It’s only when you change the values in a solver.


“Successful people ask better questions, and as a result, they get better answers.” – Tony Robbins
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Experience: Advanced
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Posts: 128 since Apr 2019
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A Recommended Book On Learning This Trade.

This morning I was reading @Sandpaddict Journal. I enjoyed reading all the other guys replies to his posts about strategies and trading tips. At the end of the thread, it didn't sound like all the helpful advice he received wasn't enough for him to continue his journey, but I noticed that he has alot of passion for trading.

I felt that I could relate to what he was saying. It sounded like, after educating himself with enough trading material, that he felt comfortable using his "fingertip feel", which is usually the last stage of mastering a trade.

I recommend the book "Mastery" by Robert Greene. It talks about the general stages of what one goes through if he were to go on to become a master at a craft. There's three main stages, 1. Apprenticeship, 2. Creativity, and 3. Intuition (the finger tip feel). You can't skip the 1st and 2nd one, and go straight to the 3rd one.

I also heard from another book about learning from a variety of authors and teachers, and focus more on the general truths that all of them mention. And those are the topics that you would need to really understand and practice. Journaling in trading is one of them, question like "why did I enter this trade" and "why did I exit" helped me alot, and still is. After answering those questions enough times, I would realize that I wasn't using enough clues to make that trade a good-educated one.

@Sandpaddict if you are reading this, I hear the passion in you. During your break from all this, and once your mind is at a better state, I think you'll come up with new solutions that will make you a better trader, and do much better if you decide to do this again.

I admit, I haven't turned the corner yet, but I feel like I'm getting pretty close. I still feel like i'm walking in uncharted territory, but the path gets straighter everytime I review my journals and the education I had gone through. I know it feels tedious, but I can assure you that you will learn something new each time you review your materials.

One of the section in the recommended book talked about having an open mind when it comes to figuring things out. I think you already know alot about strategies and backtesting. Have you thought about doing that again, but this time in BloodHound? I stayed away from chart trading for a while, but this software makes it really addicting to trade like that again.

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Langley
 
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hen322 View Post
A Recommended Book On Learning This Trade.

This morning I was reading @Sandpaddict Journal. I enjoyed reading all the other guys replies to his posts about strategies and trading tips. At the end of the thread, it didn't sound like all the helpful advice he received wasn't enough for him to continue his journey, but I noticed that he has alot of passion for trading.

I felt that I could relate to what he was saying. It sounded like, after educating himself with enough trading material, that he felt comfortable using his "fingertip feel", which is usually the last stage of mastering a trade.

I recommend the book "Mastery" by Robert Greene. It talks about the general stages of what one goes through if he were to go on to become a master at a craft. There's three main stages, 1. Apprenticeship, 2. Creativity, and 3. Intuition (the finger tip feel). You can't skip the 1st and 2nd one, and go straight to the 3rd one.

I also heard from another book about learning from a variety of authors and teachers, and focus more on the general truths that all of them mention. And those are the topics that you would need to really understand and practice. Journaling in trading is one of them, question like "why did I enter this trade" and "why did I exit" helped me alot, and still is. After answering those questions enough times, I would realize that I wasn't using enough clues to make that trade a good-educated one.

@Sandpaddict if you are reading this, I hear the passion in you. During your break from all this, and once your mind is at a better state, I think you'll come up with new solutions that will make you a better trader, and do much better if you decide to do this again.

I admit, I haven't turned the corner yet, but I feel like I'm getting pretty close. I still feel like i'm walking in uncharted territory, but the path gets straighter everytime I review my journals and the education I had gone through. I know it feels tedious, but I can assure you that you will learn something new each time you review your materials.

One of the section in the recommended book talked about having an open mind when it comes to figuring things out. I think you already know alot about strategies and backtesting. Have you thought about doing that again, but this time in BloodHound? I stayed away from chart trading for a while, but this software makes it really addicting to trade like that again.

Hi hen322. Thank you so much for reading my journal!

I really appreciate when people see and comment on it as hopefully newer people will see this and go wow that guys just crazy. Then see themselves go through the same thing. And go oh OK its not that easy.

But in any case. Im AM still trading and trading live only. No SIM. And thats been the big transition for me.

I only have alerts set to tell me whan someone comments to me on FIO. Like you did.

I have done SO MUCH BETTER since I left. Like night and day. So much less stress because I don't feel like I'm going to be chastised.

There are people that are VEHEMENTLY against daytrading. It CANNOT be done and anyone who tries is a complete degenerate loser gambler!

Thats the feeling this forum gave me. DON'T daytrade... do what "I" do. Of course they never say that and they really do MEAN WELL. Yet it is what it is.

I believe everyone on here and especially everyone that took the time to read and give me advice had the BEST intentions.

Problem was following others advice FOR Me was exactly the WRONG thing to do. It was NOTHING but a conflict of interest for me.

I also found as soon as I wrote something I felt I had to stick to it. The market is fluid and dynamic so looking for rules is one thing that messes me up.

I don't care what others think of my trading and most wouldn't understand it anyway. Also, its a constant work in progress. But the only way to make it work is the way I do it.

I take dozens of trades a day and scratch on most right now. Small losses and small gains and a few big runners.

I am changing this as I learn. This is NOT how I started my journal.

When I started my journal I was trading WAY differently but when I WROTE IT I felt I...

1) Had to stick to what I wrote.

And

2) Had to PROVE that it was a profitable strategy otherwise people would tell me what I was doing wrong.

Neither was helpful.

I have IMMENSE respect for Lance Beggs and after leaving here and coming across this article. I found partly why I stuggled on here...

https://yourtradingcoach.com/trading-business/one-trade-does-not-provide-enough-data/

After saying that...

THIS IS A MUST READ for anyone looking for advice OUTSIDE themselves...

--------------------------

EVERYONE PLEASE READ THIS ARTICLE...

https://yourtradingcoach.com/trading-business/why-you-shouldnt-get-anyone-to-review-your-trade/

-------------------------

The article above is why I'm focusing on myself FIRST. You said it. I KNOW all this stuff. It's up to ME to trust it and trade it.

I blewout twice and almost a third before leaving here and focusing on MY trading.

Still only have a hit rate of ~%50 but my wins are almost twice as much as my loses and I'm really comfortable trading like this as my drawdowns come from lots of small losses. Not getting stuck in trades and taking big hits.

Maybe this is what everyone was trying to tell me... but I dont think so.

My charts are a mess and I would be embarrassed to show them as people would jump all over me. But my LIVE stats are starting to get to real statistical significant levels and they are constantly improving.

I enjoy chatting on here. Maybe I just drop the journal and just chat on here.

Wow that ended up longer than I thought as usual.

Thanks again hen322!

(Going to repost in my old journal if I ever go read again)

P.S. I'm an avid reader. I HAVE read that book. Good book. Ive read hundreds of books. Both in psychology and trading.

After a certain point it all starts rehashing. You can only learn so much from reading. But I still constantly do hoping even for one good idea a book!

Sent using the futures.io mobile app

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