cunparis

Minute is fine for me for the time stop. I was hoping there was a secret "EntryTime" variable or something. I find easylanguage great for simple prototypes but almost every time I write a strategy I run into difficulty doing something that would be simple in Ninjatrader. But ninjatrader has a downside in that it takes 50 lines of code to do something simple. However once you have your 50 lines of code options are unlimited.

This is my problem with easylanguage. I don't think it gets ticks when backtesting, at least not using minute bars (I know one can use the look inside but that's limited to 6 months for tick data). With ninjatrader it's event driven so I have a method onExecution and I can do whatever I want. in tradestation I use a stop order and I never know when it was filled. the only way I've found is to say if marketPosition <> 0 then and that tells me I'm in a position.

if x minutes have elapsed since entry I want to exit.

I searched but can't find a way to do a time stop. Is it possible? In fact I'd like to get a lot of info about my trade like: - time entered - price - open profit I'd like to code my own time stop and trail a breakeven stop. Thanks

Linda Raschke said that about 2 years is the point where those who are still in the game (haven't lost all their money or haven't given up) tend to make it. Was true for me, I became profitable around the 2 year mark. So giving up after 1.5 years.. in my opinion it's not enough time. but a family to support is a big burden in learning to trade.

Great explanation. Often I see the trade intensity where longs would logically have their stops. sometimes I see it without any logical place for stops. But what you say makes perfect sense. Here's an example from just a few minutes ago: I'm not really sure exactly why we get the exhaustion but when it comes I'm ready to fade it. However I don't trade only this, I need confluence with my other data.

I have it on my charts for the markets I trade and I do pay attention to it to establish context for my trading. But I'm not watching it and entering trades based off intensity. It's just one piece of the puzzle.

Your short signal was after the high. This thread is about "Intelligent & Predictive Agents". A stochastic cannot be predictive because it lags price. No matter what chart I post, it will be possible to find a timeframe and a lookback period that will give a signal with stochastic. But that doesn't mean one can be profitable trading it. So I prefer not to argue about intensity versus a stochastic. If someone can make money with stochastic then I'm happy for them. I can't. I don't want to convince anyone that trade intensity is the only way to trade. I find it useful as a warning of potential turning points and I'm simply sharing what I see. I find it very interesting from an intellectual point of view. Why it's happening, who is responsible, and what is their motive I find very fascinating but not necessary to make money with it.

My first signal was a short and yours was a long.

I totally agree. Right now intensity is one of 6 criteria I'm using. I'll take a trade without it but I notice the bigger trades have intensity behind them. This was my original idea but since then I've added code for bid/ask and that has been helpful as well. I'm still working on understanding this. Sometimes selling is exhaustion at the end of a move and sometimes it's the catalyst at the beginning.

If I understand correctly, you & the other guy are saying the logic behind the trade intensity is flawed. I've seen examples of trade intensity preceding market turns and I'm trying to understand the theory behind it and match that up with the arguments presented here (both for and against). Here is an example today. I wasn't trading at this time but It was the first example I found after the open. This is my own TI indicator. I'm curious if we can come up with some kind of explanation. I did not change any of my settings for this example, I've been using the same settings for weeks now. I will admit that mine does not always signal turning points in the same minute as the turn, but it worked very well in the first hour today. In general if I'm not trading the signals seem to work better.

Wow. Thank you for the explanation, I didn't know that. Very interesting. Another question: If I want to detect large traders.. larger trader buys 100 and there are one hundred one lot traders on the offer, it'll print 100 trades so I can't detect him. correct? so the only way to detect him would be if there is an even larger order than his on the book and it'll print a single trade 100 size. So it seems pretty hard to detect these large traders. It would seem if one filtered T&S for a size, you'd only get a percentage of the actual large trades. Thanks again I really appreciate the information.

So you're saying it'll print one hundred entries that are size 1? I thought it'd print one entry with size 100. I thought the time & sales printed the market orders. You buy 10 (single order) it prints one trade size 10. Doesn't matter who you bought them from, one person or ten.

EDIT: Read the post after this one because I misunderstood TheDude's reply..

i must be missing something here. Let's say there are 100 1 lot traders who sell 1 lot on the offer as a limit. I buy 100 market. Does the Time & Sales show 100 at offer? Or does it show one hundred times 1 at offer? and the second question: 50 1 lot traders put 1 lot sell at limit 76.50 (which is the offer) 50 1 lot traders put 1 lot sell at limit 76.75 I buy 100 market. What does time & sales show?

I may work on a Tradestation version since i use TS for my charting. Right now I have my PoT chart on ninja out of necessity. For IRT it's not possible without coding it in C/C++ via the SDK. I need some kind of example project for Visual Studio in order to do it and so far I haven't found an example like that, just the C code which is pretty ugly.

Ok I'll bite: what's in the 2nd & 3rd panels?

Can you explain why someone would sell both futures & equities at the same time? I thought they would do a buy program on equities and sell futures as a hedge. I'm not sure what you mean by follow.. do you mean trade the same direction or do you mean in time (one before the other)?

What do you mean by "follow"? And thanks for that excellent list of ideas for measuring intensity.

I'm interested in this as well so I'll share my first trade today. I'm not trading off a 100 tick chart, this is just for my intensity indicators. I haven't yet came up with a way to collect data on a fast chart and display it on my normal charts (which to make it more difficult, are in Tradestation). I'm not entering or exiting based on intensity signals, but rather they're just another piece of the puzzle for my discretionary trading. My biggest challenge is that I find these intensity signals are usually exhaustion and mean there will be a pause or slowdown but not necessarily a reversal. So one can't just trade these thinking it marks the top. Far from it. in this case I had a setup and thought the market would turn down. It did enough for me to get one target off but didn't hit my second. I continued cycling 1 pt scalps and finally my setup was no longer valid so I exited the 2nd contract and waited for another setup.

NT 7 dropped the ball big time on the bid/ask. They added something resembling bid/ask but it's a separate data stream and since bars are timestamped to the second you cannot sync the bid/ask data with the price bars! This makes their bid/ask data completely useless. I suspect really integrating it would be a major effort so they took the easy way out and made it a separate data series so that they could claim bid/ask support (despite the fact that it's useless). So I try to spread the word and put pressure on them to do it properly. Until then Investor RT & Market Delta seem like the only viable options if you want it historically. For realtime only the GOM tools work great. Just use IQFeed.

I believe it works with zen-fire still. You can run it through Ninja and then connect ninja to IQFeed but I suspect that would have performance implications. This is one reason I use Market Delta so that I can use it with IQFeed.

Interesting background, I look forward to hearing about your progress. I'm curious how you're trading. Trading off the DOM, using indicators, scalping or swinging, etc. Would you mind sharing your approach? I use IB but I don't trade that size. MB has a flat rate for $4.95. I'm curious, trading that big of size, why don't you trade futures? Do you find the edge is greater in stocks? Thanks for sharing.

TapeTweet doesn't beep on each tick. It starts beeping where there is movement. There is a criteria for it, I'm not sure what it is. I like it cause if I'm reading or surfing the web and I hear it then I know to glance over at my charts.

sorry it wasn't clear, i'm talking about the logic to determine when to send the alert. The sound I can do. I am comparing it to my pace of tape indicator and it seems to be different so I'm curious. I don't need to make mine exactly the same I'm just looking for ideas that I can try. I'm a programmer so if you have good ideas I don't mind programming them. I don't mind keeping it private.