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Frank
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Everything posted by Frank
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you can move stops by holding the left mouse button and drag it by the arrows --- ftr, I only trade from the DOM too. the link below goes over the Trade From The Chart. OEC - Futures and Forex Electronic Trading System Video Tutorials
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In my opinion, market profile is not a trading method -- it is used for context for intepretation of order flow. That said, I think you opening 60-90 mins is excellent time to have to trade --- just have to be disciplined and not force trades just because you have to leave.
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Thanks for the feedback, nice to know it helped. I got that terminology from a book I read on quant trading -- what is interesting about your comments is that the theme of the book was that you need to put your quant models within a 'super model' which switches on and off depending on the 'regime' -- which is what you intuitively did. Nice job.
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EL: Get High of a Bar from a Specific Time Yesterday
Frank replied to TraderFoo's topic in Coding Forum
when you get good at EL, share the wealth by helping someone else. I learned tons about various apps that way --- peer to peer help for no seeming reason. its good karma. -
not much in here but its coming -- hopefully this eventual conversion does not affect the performance of the futures trading platform. Open E Cry LLC A Special Invitation to Participate in the BETA Release of OEC Trader with Equities Through optionsXpress, Inc. OEC is excited to announce that we will be launching a new version of the OEC Trader later this year that will include the ability to trade both equities (including ETFs) and equity options. As part of this roll out, OEC will make available a live beta version beginning next week for current clients interested in testing the OEC Trader in a live environment. If you are interested in testing the new OEC Trader with equities and equity options please follow the instructions below. Open and fund an account with optionsXpress, Inc (the parent company of OEC) using the following link http://www.optionsxpress.com/new_account.asp Email info@openecry.com after completing the optionsXpress application so we can configure your new account to trade on the OEC Trader. Once the account is setup, OEC will send you a new version of the OEC Trader to install. Please note that during testing this new version will only be for equities and equity options and you will continue to use your current OEC Trader for futures. After testing is complete all asset classes will be on the same software. Best Regards, Open E Cry LLC
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EL: Get High of a Bar from a Specific Time Yesterday
Frank replied to TraderFoo's topic in Coding Forum
excellent answer by dutchmen --- let me just elaborate in one way as this HighD(x) LowD(x) syntax is perfect example of how arrays work. An array is just a variable that holds multiple values --- its like a 'hidden spreadsheet' -- you can't see the values but they are there. when you say HighD(1) -- the '1' is referring to a number that exists within a longer list of values --- as each value is assigned an index number, and referred to an 'array element'. HighD(0) refers to the first 'element' within that 'hidden' list of array values. Highd(1) looks into the array (the array is called HighD) and chooses element #2 (arrays start with 0 so (1) refers to the 2nd element within the array). etc... -
What to Expect from FOMC Days Statistically
Frank replied to Frank's topic in Market News & Analysis
For the people that are numbers oriented, here is some data: -
As you start your day on FOMC days, keep this in mind:
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Part 2 of this is not about Market Profile -- its just about understanding the basics of excel in context of a DDE link data feed. [ame=http://www.youtube.com/watch?v=90Obk6qwjp4]YouTube - Data Feed Tutorial[/ame]
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EL: Get High of a Bar from a Specific Time Yesterday
Frank replied to TraderFoo's topic in Coding Forum
try this for n entries (3): and entriestoday(date)<3 -
EL: Get High of a Bar from a Specific Time Yesterday
Frank replied to TraderFoo's topic in Coding Forum
hi Grandeur, I can't be sure what it is you want to do but I can give you some idea how EL reads bars. study this and see if you can convert it to what you want. If not, give it an honest attempt and I will try again. you have to think about the word 'length' here. length was moving target in your last code because endbar was equal to current bar. so I changed it to 'lock' the variable 'length' to a specific time. see if you can see the adjustment I made --- by using the variable 'value1' -- I am able to lock-in the highest price that was set during the specific time period you chose. -
EL: Get High of a Bar from a Specific Time Yesterday
Frank replied to TraderFoo's topic in Coding Forum
This is indicator version -- I plotted it as a 'point' on a chart //create variables //store the 'bar count' in the variable using 'currentbar' keyword -
I am doing a quick starter video to give an idea of doing Market Profile in Excel. Microsoft claims excel has 250 million users so I assume most of you are excel competent. [ame=http://www.youtube.com/watch?v=5JhtBO-q0E8]YouTube - MP Tutorial Part 1[/ame] I will check feedback - if there is interest I can do more. Some people have asked for help and I would rather just do a few quick tutorials than piece meal explanations out in individual emails -- this way is more effective. Here is the very simple tutorial 1 excel file to look into the formulas and understand them rather than just passively watching a video --- I realize this link will expire but putting it up anyway for people that read this in next few days: http://www.quickfilepost.com/download.do?get=ad8fd85e18649c292fa79a89b3cc06d7
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How to Check if a Particular Day is Holiday in Easylanguage
Frank replied to rajatheroyal's topic in Automated Trading
not super elegant but one solution is just to build the holiday dates in as a condition: ------------------------- condition1= date<>1101009 and date<>1101008; //reads as. to pass this condition, the date does not equal the following, I made it 10/10/08 and 10/10/09 just for illustrative purposes if condition1 then buy next bar on open; ------------------------- why all the snarky answers guys? just a simple solution takes about same amount of effort. -
Building a VolumeProfile Indicator with EasyLanguage
Frank replied to Andytick's topic in Coding Forum
hey, that is great if can do it without loops, I stand corrected :applaud: Historically, I have just let the raw numbers get fed into excel and just save it -- and then manipulate them that way -- I find that very customizable -- so if yesterdays or the day before data is out of the current range, I just hide those columns and present the data that way... or however you would like to do it. Having the raw numbers makes it so you can do anything you want easily. -
TPOs are useful as a measure of imbalance. So long as the bid or ask moved, there was enough volume to move price and that is what is most important and this is what TPOs approximate, the # of ticks of movement in X amount of time. A market can grind sideways on huge volume --- which would be low TPO counts. This is an example of a useful MP concept -- just not in probably how most think of it -- high TPOs to me are not a 'proxy for volume' --- they are a proxy for 'imbalance'...
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I think you need a back-up platform anyway --- I like the OEC/Tradestation combination. Both are good values, imo -- though Tradestation seems to have some issues as a 'primary' day-trader platform. Both run easylanguage though, which is nice.
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Building a VolumeProfile Indicator with EasyLanguage
Frank replied to Andytick's topic in Coding Forum
all this CPU-intensive code is kind of just a pain in the ass... from the 'keep it simple' school: [ame=http://www.youtube.com/watch?v=mvjDZ3UH6D8]YouTube - Simple alternative to running CPU intensive Array loops[/ame] -
A 'higher timeframe' way to graph the same idea... (I have removed the data from Sep-Dec 2008 because its too hard to read the chart otherwise):
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here was very basic tutorial I found on Loops & Arrays... I didn't learn anything great but it may help someone starting out: https://www.tradestation.com/support/webinars/archives/screen_size.asp?id=Loops_and_Arrays
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Friday Oct 30 Best 'Range' Since March 26th....
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hi dutchmen, can I ask you where you figured out these reserved words, I am looking for some kind of a good reference (or ideally a full tutorial) for 'arrays in easylanguage' and don't know where to go?
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bottom line is that web applications once in a while go down. OEC has been excellent overall -- though there was a bad outage during that software upgrade. But every electronic trader should be aware of the occassional outages and should have accounts at 2 firms.
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you need to save the set-up as 'Save As Default' -- in the template drop-down... this template will then be called whenever open up a new chart
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Pit Session Vs 'Overnight Market' Statistics
Frank replied to Frank's topic in Market News & Analysis
Hi trendup -- thanks for the reply. re 24 hour data, I started off thinking like you are -- but the more I thought about it, the more problems I ran into. do you include Sundays? what are you practically going to do with the data? nevertheless, I ran some quick numbers to investigate and while I did not fully scrub the dataset for accuracy (just used TS @ES download) --- here is preliminary finding: Of 204 trading days this year, the range created during the 2am to 15:15 time period has accounted for 80% or more of the entire range on 181 of those days. 181/204 is ~89%. so bottom line is that on about 9 times out of 10 days, there isn't much movement during those 'other' hours. note: LOTS of zeros and small numbers in this data set