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Days of BloodHound hunting


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Days of BloodHound hunting

  #1 (permalink)
 mav8rick 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, YM
Posts: 3 since Jun 2011
Thanks Given: 4
Thanks Received: 4

This is my journey on using something that a lot of other traders talked about. Since some of them said they only need 1 reason (BloodHound) to stay on the Ninja Trader platform, I really have to try it out for myself!

About myself:
  • Been trading since 2007
  • Have done options and stocks and futures
  • Not currently profitable
  • However, am getting better at it
  • Currently into price action trading (all sorts - Bob Volman, Al Brooks, Rob Smith etc.) but will to retry some indicator-based trading if BloodHound indicates that
  • On Ninja Trader (of course) and Interactive Brokers

One of my first task is to get oriented and I'll do this by downloading and... looking at others' journals(!). Thanks guys for going before me and providing some info to help the rest of us flatten the learning curve!

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  #2 (permalink)
 mav8rick 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Stocks, YM
Posts: 3 since Jun 2011
Thanks Given: 4
Thanks Received: 4

Day 1 of testing BH:
  1. Installation is simple enough (not expecting anyone to have any problems)
  2. Save template is needed to change the "empty template" you see at the top of chart trader
  3. I find it useful to have an overview of what BH really is before diving beyond the first 2 videos (https://www.sharkindicators.com/documentation/how-bloodhound-works/). This gives me a better "framework" to "hang" my understanding of BH
  4. I like the part that there are separate outputs; one for long and one for short (my lifelong philosophy is that life is "gray" - there is no "black" or "white")
  5. I also like the part that there is already so much "history" in BloodHound (this is not a "new" product - there were many users and discussions over the years)
I could see why I need more work to automate the discretionary system that I'm currently using but just for laughs, here's the first "revelation" I got (attachment).
VIDYA_SRIF

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  #3 (permalink)
 gaz0001 
United Kingdom, UK
 
Experience: Intermediate
Platform: TWS, NT8 & TV
Broker: IB & NT
Trading: Futures, Stocks, Options & Crypto
Posts: 110 since Jan 2022
Thanks Given: 45
Thanks Received: 90


How was your bloodhound experience?

I am thinking to get it myself.

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  #4 (permalink)
 iq200 
London, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
Posts: 408 since Jun 2010
Thanks Given: 145
Thanks Received: 278

Check out their YouTube channel before you decide to buy. Personally I have the Lifetime version and love it for fast prototyping.

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Last Updated on April 1, 2022


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