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New Indicator That Actually Works
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New Indicator That Actually Works

  #21 (permalink)
Elite Member
Darwin
 
Futures Experience: Advanced
Platform: Ninjatrader
 
Posts: 52 since Sep 2009
Thanks: 54 given, 26 received

NQ trade

Really nice trade last night on the NQ 15m with this indicator.

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  #22 (permalink)
Elite Member
St. Petersburg, Fl
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: ES,NQ, YM, CL,6E
 
ollie's Avatar
 
Posts: 183 since Apr 2010
Thanks: 23 given, 179 received

Chart Please


usdivers View Post
Really nice trade last night on the NQ 15m with this indicator.

Can you share the chart with us?

Thanks

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #23 (permalink)
Elite Member
Darwin
 
Futures Experience: Advanced
Platform: Ninjatrader
 
Posts: 52 since Sep 2009
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ollie View Post
Can you share the chart with us?

Thanks

I am at work at the moment, but will upload as soon as I can.

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  #24 (permalink)
Elite Member
Darwin
 
Futures Experience: Advanced
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Posts: 52 since Sep 2009
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ollie View Post
Can you share the chart with us?

Thanks

Here is the NQ 15m just before NY open.

Attached Thumbnails
New Indicator That Actually Works-capture.png  
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  #25 (permalink)
Elite Member
St. Petersburg, Fl
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: ES,NQ, YM, CL,6E
 
ollie's Avatar
 
Posts: 183 since Apr 2010
Thanks: 23 given, 179 received

screen shots


PilotTrader View Post
BTW, Bloodhound spits out errors with trying to reference this indicator.

I wrote a short quick NinjaScript to quickly identify signals generated by the PIO indicator. Admittedly, there are good signals but work will be required to add filters or other indicators, possibly, to create a profitable strategy.

I would like to share some screen shots but do not know how this can be easily done on this forum. Maybe somebody could show me how or point to a link for instructions. I have the images on DropBox and Google Drive but using these links does not seem to work well here. :-(

Save the image of chart to your PC. Down towards the bottom of the page, below the box that you write in, there is a section that says additional options. Click on blue box that says manage attachments, and you will be able to upload image of chart from there.

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #26 (permalink)
Elite Member
New Brunswick NJ/USA
 
Futures Experience: Intermediate
Platform: NT7, NT8
Favorite Futures: NQ, CL, GC, NG
 
Posts: 53 since Aug 2014
Thanks: 34 given, 44 received

BTW, Bloodhound spits out errors with trying to reference this indicator.

I wrote a short quick NinjaScript to quickly identify signals generated by the PIO indicator. Admittedly, there are good signals but work will be required to add filters or other indicators, possibly, to create a profitable strategy.

Here are a few screen shots from the NinjaScript strategy (thanks to ollie!):

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  #27 (permalink)
Elite Member
St. Petersburg, Fl
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: ES,NQ, YM, CL,6E
 
ollie's Avatar
 
Posts: 183 since Apr 2010
Thanks: 23 given, 179 received

code question


PilotTrader View Post
BTW, Bloodhound spits out errors with trying to reference this indicator.

I wrote a short quick NinjaScript to quickly identify signals generated by the PIO indicator. Admittedly, there are good signals but work will be required to add filters or other indicators, possibly, to create a profitable strategy.

Here are a few screen shots from the NinjaScript strategy (thanks to ollie!):

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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I know nothing about Bloodhound.

If it can't reference the indicator and there are errors, how can a strategy be written?

Can it be that the PI indicator is not calculating properly and is not functioning as it should?

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
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  #28 (permalink)
Elite Member
New Brunswick NJ/USA
 
Futures Experience: Intermediate
Platform: NT7, NT8
Favorite Futures: NQ, CL, GC, NG
 
Posts: 53 since Aug 2014
Thanks: 34 given, 44 received


ollie View Post
I know nothing about Bloodhound.

If it can't reference the indicator and there are errors, how can a strategy be written?

Can it be that the PI indicator is not calculating properly and is not functioning as it should?


Just can't be referenced via Bloodhound.

NinjaScript has no problem or errors referencing the indicator. Charts I shared were output from NinjaScript.

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  #29 (permalink)
Elite Member
New Brunswick NJ/USA
 
Futures Experience: Intermediate
Platform: NT7, NT8
Favorite Futures: NQ, CL, GC, NG
 
Posts: 53 since Aug 2014
Thanks: 34 given, 44 received

NT8 Strategy Analyzer Backtest Results

Since I had already sprung for the trial subscription, I figure I should find out if there is any merit to continue developing a trading strategy using this PIO indicator. The indicator developer, Roger Medcalf, adds humor to his site which I kinda like. In any case, he listed 8 entry rules which all says the same thing, so there is really only one rule that he recommends traders follow which is to take the trade after a bounce off the +/- 3.14 level (phi value).

Pi-Osc has 8 simple rules that must be observed to achieve the best results.
Rule 1: Wait for the bounce away from PI
Rule 2: Wait for the bounce away from PI
Rule 3: Wait for the bounce away from PI
Rule 4: Wait for the bounce away from PI
Rule 5: Wait for the bounce away from PI
Rule 6: Wait for the bounce away from PI
Rule 7: Wait for the bounce away from PI
Rule 8: Remember the other 7 rules
So I created a real simple strategy with a fixed stop and target, taking all trades without any filters, using Roger's rules listed above and ran it through NT8 Strategy Analyzer 'Optimization' mode. Interestingly, the results showed using a 10-tick stop and a 41-tick target the yields a 1.24 profit factor. Not bad for the first crack at this I thought.

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Just sharing what I discovered so far and it looks like I will do further development on this after I complete final touches on another strategy I am working on.

Blue skies!


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  #30 (permalink)
Elite Member
Chattanooga, TN/ USA
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
 
Posts: 31 since Jun 2016
Thanks: 1 given, 9 received

Backtesting


Do you have to have Bloodhound to run it thru a Backtest?

Cheers,
StreetPreacher


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