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Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,020
@markbb10, This had such a poor performance I thought I would take another look at it. So I added in the new NT8 choppiness index with their recommended settings. If you are not familiar with it, sort of counter-intuitive since more chop raises the number. Then trending makes the chop # smaller.
Still does not seem to be a winning set up yet - but hopefully you have more ideas for your system.
I also added a print of the current signal #s so you can see them on the screen and maybe figure out what you want as minimums for the set up. Could not find a good number of offset for the print based on various instruments so the offsets are adjustable. The print is 1 bar back to also try to see the numbers better but can be confusing when they correlate to a previous entry -- which seems common.
@markbb10...I may be totally misunderstanding as don't have skill set to follow the strat details here... but fwiw when I saw a strategy involving the SuperTrend (ST) and the choppy note... one thought is if you want to minimize the number of indicators/variables involved in the strategy maybe you could just use another one or two SuperTrend indis set to a higher time frame, regardless whether all were range bars, volume bars, time bars, or a mix. The thought being that trading only when you have multiple time frame continuity might be enough to filter out the excess chop/no trading times.
For example, suppose you like to execute somehow keying on the ST of a 3R bar chart, but now you add a 5R ST and/or a 8R ST as well for example and only take a trade when all ST's are showing the same bias.
@jmont1 Thanks for the update. This is helpful to me as an educational blueprint in developing some
code that can mimic what I look at day to day. I will check this version out and let you know how I am doing.
@casey44 Thanks for the input Casey, I have never automated my trading but with the market volatility and the
number of variables I look at it was getting too difficult to do manually. I do need to incorporate some
aspects of a multi-time frame analysis. I trade off a renko chart but I have to integrate a tick based timeframe into the
analysis as well, that is my next step.
The supertrend I use primarily as a stop loss point to keep me in the runs.
I was trying to use the NT8 strategy builder to do a very basic strategy to start out with then add more things into it to flesh it out into something useful.....maybe.
I was wanting to use the indicators from eminiwatch. Specifically from the bettermomentum indicator.
The issue I am having is that I keep running into a CS0118 error ("NinjaTrader.Indicators.MTFBetterMomentum" is a "type" but is used like a "variable")
I wrote to the author and got a rapid response. His solution or my ability to implement his solution doesn't work.
He did say that I could call on his indicators to build strategies on but that he doesn't code ninjascript.
I started by trying to just call on his indicator (MTFBetterMomentum) and enter a long when a exhaustion Bull (ExBull) dot was plotted, to keep it simple and make sure its doable.
his comments.
I get the above mentioned error at each line his indicator is stated.
Any direction of where to go or help punching through this would be great.
I'm relatively new to ninjascript/c#, but I'm guessing one problem is that you aren't using a "barsAgo" value. One would be required, I would think, for a series (array). For example: "RSI(20, 3)[0]" The "[0]" tells it zero bars ago ... or the current RSI value. RSI(20, 3)[1] would be the RSI value one bar ago.
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,020
@ticktock, If you are using Strategy Builder it only uses "Int" for recognizable plots. But it appears you are doing regular coding so this would be a better location to request assistance:
Actually I was trying to use the Strategy builder but it kept kicking me out into the ninjascript editor when it would fail to compile. I wrote to the indicator owner and that was the reply.
I have solved the issue though. I am not familiar with C# and wasn't that interested in taking the time to figure out the syntax but as it looks like I will be getting deeper into the code after playing around with the strategy builder, I spent the last week pouring through a couple c# tuts to get the syntax down. Its a bit different from python and I have an aversion to anything microsoft but you gotta do what you gotta do.