10x profit on the YM

[Steve Griffiths]

Hi Everybody,

Well, the YM continued to decline in early trading today, reaching the first profit target from the Advanced Wave C high yesterday on the 15min YM.

Shorts taken off this sell set-up would have just been stopped out for a profit of approx. 10x the initial risk (ignoring slippage and commission).............. nice :)

Steve

[CapTech]

Please get MTPEod capabilities to receive live data from Tradestation so we can trash MTP TS ELDs and concentrate analysis in MTPEod where all functioning modules reside. Like the advanced module triggered on the 15min chart. OR get the capabilities in the ELD equivelent to MTPEod. I know it's hard work but without realtime alerts in MTPEod these will be missed. Cherry Picking season is 10x over.
With All Due Respect, Jim

[Steve Griffiths]

Hi Jim,

I wish I could, but technically this is not possible. We have the best solution we can in the current eld's and EOD combination.

As far as this trade goes. I cannot control the market, sometimes we will be stopped out for a a small loss and sometimes for a good profit, and sometimes the market will move well in our favor and we get massive profits, as in this trade. I am just pleased that MTPredictor can automatically idenitfy trades like this whcih do allow you to capture such huge profits :)

Thanks

Steve

[CapTech]

I understand your point about not controling the market. But if we had a radar screen indicator of the advanced Ts setup it would allow alerting traders to these patterns. Also if mTPEod had in it's options to look for the advanced setup everytime a chart is loaded just like you have the option to search for elliot waves and normal trade setups at every chart load. I look at 75 stocks, 15 commodities and all the emini indexes in the various time frames so being alerted to these conditions would be very helpful and I'm sure it's in the works, but I'd hoped we would have had a realtime data load for MTPEod as was planned for MTP5Eod's original release but was put off for I'm sure a very good reason. 2 cents....jim

[Steve Griffiths]

Thanks Jim,

I do understand, but we are limited by what is possible with TS8, and at no point has getting data from TS8 in realtime been an option, this is just not possible. That is why we work with the ELD's in TS8 directly.........

Thanks

Steve

[stevej]

Thanks Jim,

I do understand, but we are limited by what is possible with TS8, and at no point has getting data from TS8 in realtime been an option, this is just not possible. That is why we work with the ELD's in TS8 directly.........

Thanks

Steve
I may be flogging an old hobby horse (if I am Steve just tell me to shut up) but is it not possible to interface MTP EOD to the real time data from Interactive Brokers? They have an easily programmable API which all manner of software writers take advantage of.

There is a difficulty - the live backfill is only 1 day but there are means of obtaining back intraday day data (eg through Hquote) to resolve that.

Similarly, using a simple piece of easy language code (I think I got it from you) I can write intraday data to csv files from TS 2000i just like the data from Metatrader writes .prn files to disc. There are numerous data feeds into TS 2000i.

I could carry on rambling ......

Steve

[CapTech]

Thanks Jim,

I do understand, but we are limited by what is possible with TS8, and at no point has getting data from TS8 in realtime been an option, this is just not possible. That is why we work with the ELD's in TS8 directly.........

Thanks

Steve

Steve Griffith,

Allow me if you will to beat a dead Horse....."and at no point has getting data from TS8 in realtime been an option, this is just not possible." Please listen to your realtime video help file for how to use the MTPTSData.eld > http://www.mtpredictor.com/SlideShows/TS/TSHelp-25/TSHelp-25.html . It may be in other videos and newsletters too.

When I was deciding to purchase MTPredictor and I understood the limitations of functionality of the Tradestation ELDs. I was concerned with the overhead of loading charts in MTPEod from written down down produced by the MTPTSData ELD. I was speaking with Matt and he got you Steve G. on the phone where I was assured that Version 5 coming would have "psuedo realtime" updating there by alleviating the need for manual chart loading. When version 5 was released and this option wasn't enabled I spoke with MTPSupport and was told that this function and the trade management module were postponed to a later update. This I understood and was stil sold on the product. Now you are saying that this was never planned as an option. This was a major selling point for me. What's a wondering fool to do???..........jim

[Steve Griffiths]

Hi Jim,

I see the confusion here.............. At no point was getting "real-time" data into MTP EOD an option, that was true then and is true now. What the video mentioned was "auto updating" the current EOD chart with data every "x" minutes, using the ASCII data that is (now and then) being automatically updated from the TS8 ELD's. A sort of "pseudo" real-time if you like.

However, (reading between the lines) I think what you are actually asking is whether there is a way to "scan" in MTP EOD the ASCII data files that are being updated from the TS8 ELD's. Well, you can do that now in the current version. All you have to do is run the EOD scanner whenever you wish and it will look at all the new data files created by TS8. In this way, YES, you can follow all your TS8 markets using the EOD program and Scanner.

I would not suggest this as an efficient use of your time. I would suggest that Education is the key here, by recognizing a "potential" Advanced ABC pattern in TS8 and then then having the experience to know to then go to the EOD program to check the pattern is the way forward. This is why I spend so much time in the daily reports showing what I look for in an ABC set-up.

I hope this helps ?

Steve

[Steve Griffiths]

Hi Steve,

Sorry, was your question specifically on getting IB data into MTP directly, or going via TS2000i ?

Thanks

[CapTech]

Hi Jim,

I see the confusion here.............. At no point was getting "real-time" data into MTP EOD an option, that was true then and is true now. What the video mentioned was "auto updating" the current EOD chart with data every "x" minutes, using the ASCII data that is (now and then) being automatically updated from the TS8 ELD's. A sort of "pseudo" real-time if you like.


Steve

Hi Steve,

I think if you listen to the video it talks about the TS MTPTSData.eld writing the data to ascii files for what ever time period you have the ELD applied to and then you open mtpEod and load MANUALLY the ascii data written by the MTPTSData eld. I understand that but this is a manual process for each bar if you like. My understanding from the near last statements on the video ""In version 5 we are going to do somethning a bit different to enable the data to be automatically reloaded as a like a pseudo realtime, ah but we are still working on that. so at the moment in version 4 that's all you have to do to get data back into mtpredictor." (ie open the data file and load the chart MANUALLY) What does "AUTOMATICALLY RELOADED" mean?? or is this one of those cultural dialect misunderstandings?? I understand that realtime data from tradesation would never be updating MTPEod in realtime, but I thought that as the period bar was completed that this data would be AUTOMATICALLY loaded into MTPEod on the active chart displayed. What I heard on the video and over the phone was a AUTOMATIC process not a manual one.

Your approach with elliot is a simple one using the isolation pattern. I have worked with Robert Miner and use Dynamic Trader to evolve waves and wpts. I have to know before hand where these levels are as the pattern develops so I am constantly evaluating wave lengths so I can be prepared for trade entries at typical WPTs using order flow, pit noise and other indications for entry. Not waiting for a bar to complete or a reversal bar to be exceded. This is how I use my time, measuring waves as they happen and forecasting WPTs. Scanning back through data sets or a chart for any setups is useful for some but not for me.....jim

[Steve Griffiths]

Hi Jim,

OK, I understand, what we can do is to update the current bar in MTP EOD every "X" minuites on a "timer", but this would only change the data on the current chart as and when new data is written to the ASCII data file via the ELD, as such is not very efficient. This is why I have held off from adding this feature.

Would this help you ?

Thanks

Steve

[CapTech]

If all ascii data written by the ELDs is loaded as you move through each file in a folder yes. Again I understand that only the active chart will reflect any updated changes either via a timer or a one click icon that would reload the active chart with all options i.e. search for elliot wave patterns, search for trade setups and I wish search for advanced ABCs. These are the options I have checked off when any chart loads keying off last bar. Yes this would help a lot. Thanks for your consideration.....jim

[stevej]

Hi Steve,

Sorry, was your question specifically on getting IB data into MTP directly, or going via TS2000i ?

Thanks
Steve,

Have a quick look at http://www.mtptrader.com/showpost.php?p=1348&postcount=7

As I said I may be flogging an old horse.

For anyone else looking at the last paragraph of that post I must point out that within days the program was changed to accommodate me. This a great example of the sort of service one gets from MTP. How many other vendors would change a program to assist one customer?

SJ

[stevej]

Hi Jim,

OK, I understand, what we can do is to update the current bar in MTP EOD every "X" minuites on a "timer", but this would only change the data on the current chart as and when new data is written to the ASCII data file via the ELD, as such is not very efficient. This is why I have held off from adding this feature.

Would this help you ?

Thanks

Steve
Steve,

I would find this very helpful.

I collect intraday data to disc in ascii files from HQuote, 2000i and Metatrader. A bit clunky, but when one doesn't want to pay esignal prices worth the effort.

At the moment, once the files are written I use a mouse autoclick program to click the show me button in the trade scaner every X minutes - very inefficient but it does work. (this is why the "no setups found" box was such a nuisance to me)

An internal solution (with an audible alert as well please) would be so much better.

stevej

[Steve Griffiths]

If all ascii data written by the ELDs is loaded as you move through each file in a folder yes. Again I understand that only the active chart will reflect any updated changes either via a timer or a one click icon that would reload the active chart with all options i.e. search for elliot wave patterns, search for trade setups and I wish search for advanced ABCs. These are the options I have checked off when any chart loads keying off last bar. Yes this would help a lot. Thanks for your consideration.....jim

Hi Jim,

This is why I am confused, because virtually all of which you are asking for is already available, please see Gif below. The only option missing here is the Advanced ABC, but we can add that for you :)

And Yes, you can then step through each new ASCII data file in ether one click, using the up and down arrows on the RH menu, or the Page Up and Page Down keys and all new data will be loaded. So as far as I can see, this is what you are after - is this correct ?

Thanks

Steve

[Steve Griffiths]

Hi Steve J.

So simply your question is whether we will be able to have the current TS8 eld's in TS2000i in the future ?

The answer to this may be yes, if enough new customers are interetsed to cover the programming costs to make the changes that will be needed........

Steve

[stevej]

Hi Steve J.

So simply your question is whether we will be able to have the current TS8 eld's in TS2000i in the future ?

The answer to this may be yes, if enough new customers are interetsed to cover the programming costs to make the changes that will be needed........

Steve
Great but "New customers only"?

Have you ever worked for a building society? (only joking) :D
Steve

[Steve Griffiths]

Hi Steve,

Sorry I did not phrase that very well...............

What I was asking, was if there were many new customers who would be interested in purchasing MTPredictor who are using TS2000i and would like to use the eld's. With programming costs at $800 per day, I am sure you understand that I have to get at least a small idea of potential revenue because if it takes 3 weeks to do the programming that would cost $12,000, so I would need at least 10 or more new customers to cover these costs.

I am more than happy to make small changes for individual customers and also make all the enhancements available to all customers however, when it is a BIG change (like this) then I, at least, have to pause and look at all the implications.

But I will look into at for you and see exactly what is involved. Is this OK with you ?

Steve

[stevej]

Could not ask for more

[CapTech]

Hi Jim,

This is why I am confused, because virtually all of which you are asking for is already available, please see Gif below. The only option missing here is the Advanced ABC, but we can add that for you :)

And Yes, you can then step through each new ASCII data file in ether one click, using the up and down arrows on the RH menu, or the Page Up and Page Down keys and all new data will be loaded. So as far as I can see, this is what you are after - is this correct ?

Thanks

Steve

I am going to end this now since we seem to have a problem communicating. I was telling you the options I use in MTPEod. I know those options are available except the advanced abc search when loading any chart. I know you can move through each chart in a folder with the up and down arrows that represent next and previous file in a folder. The only other issue that we have be labored far too long now is the pusedo live updating of the current chart with data written by the TS ELDs. These are the issues I thought would be address in version 5 eventually. Thanks again for considering this......jim