5 trades for 5 wins, but not as much profit as you might imagine. Oh well, it was another pretty easy day… none of those “oh-my-god-i-will-surely-be-stopped-out” trades that are so nerve-wracking. That Market Sync filter I’m trying out kept me out of the nicer moves today, and frankly after noon I got a little distracted and missed a couple entries that I could have taken.
I still love those Renko charts, they performed amazing again today.
I’ve done Range, Change, and Renko bar charts on tradestation now. Check ‘em out (they are range, change, and renko from left to right):
All pictured charts are 1pt charts.
Morning ES, nice short trade on an obvious double top on the 1-pt Change Bar chart:
Check out the fib extensions that get you out right at the bottom. BTW I’ve changed my custom fib extension indicator so that you can make it only plot the “magenta” ones if you want. Very nice.
(of course I didn’t take it because I didn’t see it in real time.)
(if anyone has ideas about how to force TS to see this data in realtime, I’m all ears)
(I know there is a tssupport product called OwnData which may help, though they don’t seem to poll ascii files, so I may need to build a DDE server for that approach.)
(or maybe ADE can help, but then I’m not sure “normal” indicators will work)
I’ve made semi-realtime change bars for Tradestation, in a kludgy way:
(recall that change bars are like range bars, except the distance between the successive bar opening prices is kept constant, rather than the overall range. So, you get a slightly different picture)
… it uses the ascii import mechanism to get the bars on a chart, which means I can use indicators on the chart. Great! But, I have to reload the chart to pull in more data. And, that recalculates all the indicators. So, I won’t be scalping off this chart! But, for study, and for occasionally getting an updated look at the market from a change/range/renko/etc. perspective, this approach should get me by.
The data is created via an indicator that watches a 1-tick ES chart, spitting out new bars to a file as each new bar is created. I only did change bars tonight, since Mr. White Folks got me interested in them. I’ll code up range bars and renko bars and 3-line-break and whatever else I want soon enough.