While the overall shape and price action of my 2000 tick chart is virtually identical, my individual candles are almost always different from Mack's. I'm not getting the same signal and entry bars. Anyone have any idea why that might be? (I'm using Amp Futures, CQG, Quantower.) Bizarre. Is it because I have a different feed (CQG) than Ninja Trader (Kinetick)? Maybe tweaking it a few ticks could get it to match. But then that begs the existential question, just how relevant can the signal and entry bars really be, if I'm getting good signal bars when he's not, and vice-versa, when we're on 2000 ticks? Couldn't one theoretically get a good/bad signal bars on any set up just by adjusting the tick count? Yes, you could read a good signal by combing consecutive bars. But who's doing that? If thousands of traders and are all getting and reading slightly different signals, seems like the value of signal bars is further diminished next to overall price action context. Someone enlighten me.
Its more important to pay attention to the momentum of the signal bar as it forms and closes. There are some bars that chop around and seem to close on their extremes by chance - these are generally less reliable.
Other than lag from the exchange to one's internet and computer processing system, those with the same data feed will have identical looking bars. Signal bars are a useful tool for entry criteria and to determine the momentum at a given time, however the more experience you get you can place less importance in what the signal bar looks like if the context and the chart sets up right.
@AntnyG It's an easy fix!! See below. It has to do with the time of day you start aggregating the 2000 trades per bar. PROBLEM: You have setup ETH (evening session) and RTH (day session) in quantower's session manager and your chart settings is set to use RTH as the template. It starts aggregating trades from the "open" at 8h30 CST. Futures do NOT have overnight and RTH sessions, the ES opens at 17h and closes at 16h and that's it. FIX: go to the Session Manager, create a new Session that starts at 17h CST and closes at 16h. Open your chart settings and choose your new session as the Session Template to be used. Uncheck "use out of session". The chart will start aggregating from the REAL market open at 17h and your bars will match 99%. To shade the times of the chart where you don't want to trade, add the indicator Session Indicator.
@AntnyG It's an easy fix! It has to do with the time of day you start aggregating the 2000 trades per bar. ----- PROBLEM: you have setup ETH and RTH in quantower's session manager and your chart settings is set to use RTH as the template and to "show out of session history". It starts aggregating at the "open" at 8h30. Futures do not have overnight and day sessions, forget this idea. It opens at 17h and closes at 16h and that's it. ----- FIX: create a new session template on Quantower's Session Manager that opens at 17h and closes at 16h. Go to your Chart Settings and use this new session as your template and uncheck "show out of hours session". It will refresh the chart and now the bars will match 99,5%. To shade the area of the chart where you don't want to trade, use the indicator "Session Indicator".
THE GOAT
Thanks Mack
While the overall shape and price action of my 2000 tick chart is virtually identical, my individual candles are almost always different from Mack's. I'm not getting the same signal and entry bars. Anyone have any idea why that might be? (I'm using Amp Futures, CQG, Quantower.) Bizarre. Is it because I have a different feed (CQG) than Ninja Trader (Kinetick)?
Maybe tweaking it a few ticks could get it to match.
But then that begs the existential question, just how relevant can the signal and entry bars really be, if I'm getting good signal bars when he's not, and vice-versa, when we're on 2000 ticks?
Couldn't one theoretically get a good/bad signal bars on any set up just by adjusting the tick count? Yes, you could read a good signal by combing consecutive bars. But who's doing that?
If thousands of traders and are all getting and reading slightly different signals, seems like the value of signal bars is further diminished next to overall price action context.
Someone enlighten me.
Its more important to pay attention to the momentum of the signal bar as it forms and closes. There are some bars that chop around and seem to close on their extremes by chance - these are generally less reliable.
Other than lag from the exchange to one's internet and computer processing system, those with the same data feed will have identical looking bars.
Signal bars are a useful tool for entry criteria and to determine the momentum at a given time, however the more experience you get you can place less importance in what the signal bar looks like if the context and the chart sets up right.
@AntnyG It's an easy fix!! See below. It has to do with the time of day you start aggregating the 2000 trades per bar.
PROBLEM: You have setup ETH (evening session) and RTH (day session) in quantower's session manager and your chart settings is set to use RTH as the template. It starts aggregating trades from the "open" at 8h30 CST. Futures do NOT have overnight and RTH sessions, the ES opens at 17h and closes at 16h and that's it.
FIX: go to the Session Manager, create a new Session that starts at 17h CST and closes at 16h. Open your chart settings and choose your new session as the Session Template to be used. Uncheck "use out of session". The chart will start aggregating from the REAL market open at 17h and your bars will match 99%. To shade the times of the chart where you don't want to trade, add the indicator Session Indicator.
@AntnyG It's an easy fix! It has to do with the time of day you start aggregating the 2000 trades per bar. ----- PROBLEM: you have setup ETH and RTH in quantower's session manager and your chart settings is set to use RTH as the template and to "show out of session history". It starts aggregating at the "open" at 8h30. Futures do not have overnight and day sessions, forget this idea. It opens at 17h and closes at 16h and that's it. ----- FIX: create a new session template on Quantower's Session Manager that opens at 17h and closes at 16h. Go to your Chart Settings and use this new session as your template and uncheck "show out of hours session". It will refresh the chart and now the bars will match 99,5%. To shade the area of the chart where you don't want to trade, use the indicator "Session Indicator".
Fri 17th - 2 losers -$500
Today 1winner 7 points $350
5 min chart
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