Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
How do you program this "pause" condition in Bloodhound? For economic releases like this, is the Time Session solver in Bloodhound enough to handle this?
There's a couple of ways you can curb your system around news volatility:
You can use blackbird to only trade during permissible times.
You can also use the time block to block signals during certain times.
I have a custom indicator I developed for a variety of range and speed conditions and one of them lets me know when there are a lot of bars printed within a short period of time. Which usually happens during news or gaps.
Despite this looking like it would have taken 8 losers in a row, if you're using a stop above the high for shorts it wouldn't have hit you if you had an offset. I have learned its worth it to offset your stop to avoid getting wicked out.
I typically use at least a 4 tick offset on systems that are putting stops behind swing highs or lows to avoid getting wicked.
Overall a good losing week. Which is something you don't hear very often in the trading world. I am happy to see the dynamic version of Pete do exactly what its supposed to do and save some face when the market decides to give back a week of gains.
All and all it would have actually been a winning week if I had been running the dynamic version and not the standard Pete. Hopefully this coming week brings more downside so I can further analyze how effective the dynamic version is. Especially paired with the hi-vol versions of Savio & Philomena.
Holding some hedged positions into the weekend. Current unrealized ~2300
Markets gapped lower and I closed out my hedges at reopen for +1,400
The point of the weekend hedges is to (obviously) cover your exposure in the event the market gaps lower beyond your broker held stops and you end up taking 2 or 3x the loss. I unfortunately learned this one the hard way so even as a best practice I do it inside of the incubator as well.
At the close of last friday I had 2300 in open unrealized profit.
All the positions remained alive since the market(s) did not gap beyond the lows from Friday afternoon so the 1400 will cover all the risk/stops of the open positions in the event we move lower.
More importantly the sytems can run through untouched and the results remain accurate.
This pattern has 2 components. First, for long trades, it looks for more recent higher high bars (high above previous high) than lower low bars. Second, it looks for a short term pullback. When both of these are found, there is a long signal. Vice versa for a short signal.
In code, this is how it should look:
1. Count the number of higher highs (current high greater than previous high) over the last “BCount” bars.
2. Count the number of lower lows (current low less than previous low) over the last “BCount” bars.
3. If the number of higher highs is greater than the number of lower lows, and the current close is less than the close “pullback” bars ago, then go long at next open.
4. Do opposite for short trades.
5. Exit after X bars after entry, unless a reversal signal occurs first."
This refers to counting bars. I am new to Bloodhound and so far I can only code those based on chart indicators.
What timeframe are we using for the bars?
Can you provide me a screenshot of this pattern as you see it?
Are you essentially trying to define trend based on a swing high breaking and then use a bar that is lower in close but not lower that the break bars low for your pullback?
Fair warning, using bloodhound for signal counting type templates has been a nightmare in my experience. The signal counter does not work the way you would think.
I am sort of lost by what you're trying to build so please provide me with some additional details.
I have used bloodhound since 2016 and I love your product. It completely changed my trading forever. After 4 years I still learn new ways to do something.
Things Id love to see added in a future update:
Can you please add a simple R-Multiple feature inside of blackbird's target options? I know there is a work around with the ATR percentage but it doesn't work as well on a non-time based chart. It would be a gift to be able to set your targets in just R multiples of your stop.
Can you add a feature to blackbird that allows for the adjustment of size based on number of trades taken or daily PnL?
In otherwords, reduce size if down 3 trades, increase size if above $X daily pnl, etc. It would be nice to be able to adjust your position-sizing based on how the signals are performing and not just a hard shut-off for daily watermarks met.
There are probably a few others that I will think of as soon as I hit send, but for now, those are two that would really go a long way for me personally.
Great feedback Fibbee, thanks! I've shared this with the team for future consideration. - Keith (Sales & Marketing)
I think I mentioned this before, but I'll mention it again for everyone. The Ratio based order offset option has been on our todo list for a while now, and I believe it is planned to be added during the 15th update. Currently, we are on the 14th update. So, the 15th update should be out some time this year.
Take care,
Zac