esignal 8.1 & MTP

[d-day]

I am experienceing a strange problem with MTP in esig 8.1 - the console buttons (RR/WPT/DP etc.) disappear if you move back in time on the chart.

Anyone else experiencing this?

[Steve Griffiths]

That is the trouble with using Beta versions - an error in eSignal 8.1 Beta that does not lock the buttons to left bottom of the chart.......... better to stick with 8.0

Thanks

Steve

[tombtrader]

I am experienceing a strange problem with MTP in esig 8.1 - the console buttons (RR/WPT/DP etc.) disappear if you move back in time on the chart.

Anyone else experiencing this?

You lose the buttons when you scroll to left and the right hand bars are off the screen.

I compress a bit more if I want to work with MTP and historical data. The ONLY reason I am using the beta is for the Range Bars, otherwise I would not bother.

[d-day]

I reinstalled 8.0 over 8.1.

I'll let tombtrader work out all the bugs and then I'll download it when its ready for the public release.

[gremtp]

Anyone else experimenting with range bars? I have checked the Tradestation forum and there is no real solution there. A number of TS users have asked TS to introduce range bars for quite some time, but to no avail so far.
As I would try to avoid eSignal if I can, perhaps we could try to put some pressure on Ninja Trader… what do you think?

PS: Tombtrader, I have sent you a PM

[jtrade]

gremtp,

I think range bars within Ninja could indeed be the optimal solution, but having asked them earlier this week about this, it seems they are planned "in the future". Let's hope it's not a TradeStation-style "future" !

Somewhere on the NT forum I saw reference to eSignal forex being free for GAIN clients (NT's forex partner broker), provided you maintain at least (only) $1,000 account balance and do at least 1 full size or 10 minilot trades per month. Couldn't find any reference to this on GAIN Capital's site though.

I really don't want to get distratcted by two new platforms, but I have been intrigued by the possibilities with range bars in recent years and of course the MTP handling, including the new DP setup, within NT sound great.

I shall contemplate the appropriate course of action while sitting on the shores of Lake Como early next week.... (for some reason George Clooney hasn't invited me over this year :confused: ).

:)

J.

[tombtrader]

I've posted a request on the Ninja forum. I was one of their original beta testers and the owner, Ray Deux is responsive to the market so if everyone interested posts that they would subscribe, something will happen. I am currently using Bracket Trader but will happily pay NT if Range Bars are released.

In the mean time, I am stuck with eSignal.

[gremtp]

Thank you all.
I will add my pressure to NT too, although it seems they do not see it as a high priority.... Anyone else in the forum can add their weight?

J trade, thank you for your info. I have not found the post on NT forum yet. Looks like I have to try the evil eSignal again. At least it is free for a month (Exchange fees apart of course, which I now pay already 2-3 times!!!).
Have a great time in lake Como. Sorry that George was already invited to my barbecue.....

[Todd Morgan]

Greetings,

My experiences with eSignal and Range bars after a lengthy test of two full days( :) ) is a bit mixed.

On one hand they can and do produce some very good short-term signals. The main benefit that I can see is that the entry/risk bar is often very small. Therefore it takes very little price action to produce a very nice return...often as little as 15 YM ticks can produce a quick 3R return. Also, as mentioned somewhere before the entry/risk bar is always the same size.... therefore ones clip size is always the same so no fumbling around and wasting time with changing clip size in your execution platform….just hit it and trade it.

Disadvantages include the fact the very fast execution speed is involved. Often one has to anticipate where the risk bar will be drawn. Yet since all bars all the same range this is fairly easy. It just requires very solid professional trader execution speed.

For those seeking MUCH more intra-day trading opportunity range bars may be something for further study.

However no matter what value I use for range my charts they look like absolute shit-on-a-stick. Choppy- choppy- chop suey. Regardless of all my attempts at optimization and curve-fitting I have not been able to reproduce anything close to smooth looking charts on the U.S. based e-mini's as others apparently have on the Eurex based FDAX.

All input welcome.

[tombtrader]

Greetings,

My experiences with eSignal and Range bars after a lengthy test of two full days( :) ) is a bit mixed.

On one hand they can and do produce some very good short-term signals. The main benefit that I can see is that the entry/risk bar is often very small. Therefore it takes very little price action to produce a very nice return...often as little as 15 YM ticks can produce a quick 3R return. Also, as mentioned somewhere before the entry/risk bar is always the same size.... therefore ones clip size is always the same so no fumbling around and wasting time with changing clip size in your execution platform….just hit it and trade it.

Disadvantages include the fact the very fast execution speed is involved. Often one has to anticipate where the risk bar will be drawn. Yet since all bars all the same range this is fairly easy. It just requires very solid professional trader execution speed.

For those seeking MUCH more intra-day trading opportunity range bars may be something for further study.

However no matter what value I use for range my charts they look like absolute shit-on-a-stick. Choppy- choppy- chop suey. Regardless of all my attempts at optimization and curve-fitting I have not been able to reproduce anything close to smooth looking charts on the U.S. based e-mini's as others apparently have on the Eurex based FDAX.

All input welcome.

Try 1.1R on ER2

[jtrade]

Thank you all.
I will add my pressure to NT too, although it seems they do not see it as a high priority.... Anyone else in the forum can add their weight?

J trade, thank you for your info. I have not found the post on NT forum yet. Looks like I have to try the evil eSignal again. At least it is free for a month (Exchange fees apart of course, which I now pay already 2-3 times!!!).
Have a great time in lake Como. Sorry that George was already invited to my barbecue.....

Ray Deux is a very helpful guy, as tt says, so the more requests for range bars the better.

The post re eSignal data is here http://ninjatrader.mywowbb.com/forum2/1834.html . If that doesn't work, it's in the thread entitled "NT and Gain Capital" in the Connecting section. I also found reference to the deal somewhere on the Forex.com site (which is part of Gain), but it seems it is for fx data only and may not include Advanced Charting (which presumably one would need for range bars).

In any event, what's important is that everything works smoothly, then saving $100/month in data fees quickly becomes less relevant.

Enjoy the barbecue ;)

J.

[billm]

Hi there...

Taking 'range bars' to the next level, check into the 'tradeflow' approach at https://www.theice.com/publicdocs/data/Trade_Flow.pdf

I don't know where the next innovation comes from, but I do know it is irrelevant to the competition: major players who will always add, switch or drop a vendor.

you get what you PAY for.
you PAY for quality data & delivery, n'est pas?

TT, CQG, PATS, Bloomberg, Reuters, ..., ..., etc., then eSignal, ..., ..., ..., ..., ..., ...,
then (in a different dimension) TradeStation...
ie. you pay money to avoid these distractions;
or you can be penny-wise, pound-foolish.

In a perfect world we'd have pricing according to 'Coase theorem', but until then, with data vendors, brokers & software vendors: YOU GET WHAT YOU PAY FOR. ptuheeeee!

P.S.: jtrade, stop by and see me at v.serbilloni.
Klowney, Lucas, who?;
barbecue, Where?!??

[gremtp]

Sorry for the late reply.
Thank you for your posts.
SteveJ tahnk you for the link. I am actually using the 30 day trial from eSignal. I still do not like it, but they made some improvements in recent ... years.
I have a lot of testing to do do re: range bars, but I like what I have seen so far. I agree with Todd Morgan view. I will keep you posted.I have just added my voice to request that NT make range bar available.

Billm thank you for your link. Interesting stuff. CQG is cool.
As far as "... you get what you pay for...." yeah, right, I may agree ...to a degree. Anyway, it depends very much on what and how you trade. To have Bloomberg for my style of trading would be just a status symbol :cool: and a way to brag about how much I do not need to care about cost efficiency :D
(I do not have Bloomberg, in case you wonder)

Regards

[tar001]

Can someone here give me a quick rundown on the features of the NT add ons? are they worth getting? are the Decision Points Automatic? how do they work in Real time? One problem I have had with the Decision Points in Tradestation is which pivot to use the DP on. There are MANY during a trading day and there is alot of divergences as well. I am somewhat excited about the new Ninja platform as if the DP's and divergences are automatic and filtered it MIGHT make the trading day so much more enjoyable