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Innovative-Trading-solutions-online.com review
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Innovative-Trading-solutions-online.com review

  #11 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 676 since Jun 2009
Thanks: 725 given, 740 received


monpere View Post
@RJay, Can these Hybrid Renko, and Trend bars be backtested like Better Renko? and do they show the real open and close of each bar or phantom open prices like Heiken Ashi?

Hi monpere,

Like Rayzor, I don't back test any of my strategies, and I don't recommend back testing either of these bar types.

I do all my testing live or in market replay.

As you have surmised, one of the characteristics of these bars is a calculated "Open" value to each bar.

This is by design to display a cleaner looking chart.

RJay

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  #12 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,260 received


RJay View Post
Hi monpere,

Like Rayzor, I don't back test any of my strategies, and I don't recommend back testing either of these bar types.

I do all my testing live or in market replay.

As you have surmised, one of the characteristics of these bars is a calculated "Open" value to each bar.

This is by design to display a cleaner looking chart.

RJay

My trading methodology enters on bar open, or more precisely 1 tick above/below the current bar close. So, anyone or strategy using entry on bar close method will not be able to use these bar types because there entry will not be at the price shown on the chart. That's also why I cannot use HeikenAshi, and also the reason why eman added an option to show the real open to his momentum bar type.

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  #13 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 676 since Jun 2009
Thanks: 725 given, 740 received



monpere View Post
My trading methodology enters on bar open, or more precisely 1 tick above/below the current bar close. So, anyone or strategy using entry on bar close method will not be able to use these bar types because there entry will not be at the price shown on the chart. That's also why I cannot use HeikenAshi, and also the reason why eman added an option to show the real open to his momentum bar type.

Hi monpere,

I understand what you are saying.

Interestingly, I initially designed these bar types specifically for automated trading.

So how can you enter a trade on new bar open? The beauty of these 2 chart types is that the bars minus the tails are the always the same size. because they are the same size, the price/tick value for the opening of a new bar is always known.
The new bar open is always the close of the current bar plus one tick long, minus one tick short depending on market direction.

RJay

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  #14 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,260 received


RJay View Post
Hi monpere,

I understand what you are saying.

Interestingly, I initially designed these bar types specifically for automated trading.

So how can you enter a trade on new bar open? The beauty of these 2 chart types is that the bars minus the tails are the always the same size. because they are the same size, the price/tick value for the opening of a new bar is always known.
The new bar open is always the close of the current bar plus one tick long, minus one tick short depending on market direction.

RJay

Interesting, that's a new ball game. Now I'll have to take the trial and see how they perform with my strategies. How long is the trial?

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  #15 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 676 since Jun 2009
Thanks: 725 given, 740 received


monpere View Post
Interesting, that's a new ball game. Now I'll have to take the trial and see how they perform with my strategies. How long is the trial?

Trials are usually 7 to 10 days.

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  #16 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
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Posts: 2,547 since Jun 2010
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RJay View Post
Hi monpere,

Like Rayzor, I don't back test any of my strategies, and I don't recommend back testing either of these bar types.

I do all my testing live or in market replay.

As you have surmised, one of the characteristics of these bars is a calculated "Open" value to each bar.

This is by design to display a cleaner looking chart.

RJay

@RJay,

I can't seem to get the channelTrend to work in Market Replay? I just end up with a blank screen or one in which the bars don't move IF the bars do show up?

No problem w/ the Renko though. I can make a video of it if needed.

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  #17 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,825 received

Well, I figured something out on the market replay. It seems to work now after I reloaded everything, but if I put in a larger tick size, with either Renko or Channel then it blows up. Tried with just flat charts, nothing else on also.

Seems to have an issue with the larger tick size on market replay?

EDIT: Ok, scratch that! It started working all of the sudden after so many bars I guess on the larger sized tick size setting.

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  #18 (permalink)
 Vendor: www.innovative-trading-solutions-online.com 
Hartford, CT. USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
 
RJay's Avatar
 
Posts: 676 since Jun 2009
Thanks: 725 given, 740 received


bluemele View Post
@RJay,

I can't seem to get the channelTrend to work in Market Replay? I just end up with a blank screen or one in which the bars don't move IF the bars do show up?

No problem w/ the Renko though. I can make a video of it if needed.


Discussed the situation with bluemele at length. We could not get the problem to reproduce itself. What I do want to share with everyone is that when the chart trials periods expire, any attempt to open a chart with the expired trial chart type will display a blank chart. Charts that are already open when expiration takes place will result in a frozen chart. I will be monitoring this possible issue with the trial licensing programming during market replay. If anyone else is having similar issues, please PM me.

Thanks,

RJay

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  #19 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,260 received

Testing these bars out with my Autotrader on CL during my normal trading hours today from 8:00am to 12:00pm. Looks promising. It slightly outperformed my live trading today... but obviously, I was not concentrating because I was too busy observing the autotrader with the new bar type

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Last edited by monpere; August 3rd, 2011 at 12:31 PM.
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  #20 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,260 received


I find that these bars take a really long time to load, my cpu usage spikes and computer fan kicks into high gear while they are loading, and sometimes locks up NT until the chart loads. That process very seems CPU intensive.


Last edited by monpere; August 4th, 2011 at 08:56 AM.
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