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Req: NT Gimme Bars Strategy


laser1000it

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It helps if you provide definitions and more specific requirements of something rather than making a would be coder go and search for what you are requesting and then if there are different interpretations, assuming which one you meant.

 

 

Here some details: https://www.s+++endspace.com/file/ukiskh (remove +++)

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Many thanks JDizzle22. Working very well. Have you similar automatic Strategy and not Indicator ?

 

Marry XMas to you and your family.

Thanks, Merry Christmas

 

Use this indicator (you can delete other one): https://www.sendspace.com/file/kkeh49

Use this strategy: https://www.sendspace.com/file/6ub6xi

 

Heads up though, you may need to add in more filters to indicator because Gimme bars are not supposed to be traded under other conditions that he described, but take more of a personal preference on defining the conditions on which invalidate a signal.

 

Edit: because the strategy references the indicator, you will most likely need to open the indicator attached and compile so ninjatrader knows how to reference the indicator in the strategy; otherwise, the extra ninjascript at the bottom of the indicator won't get written into the code (tells ninja how to reference indicator).

Edited by JDizzle22
Added instructions for indicator and strat
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  • 2 weeks later...
Thanks, Merry Christmas

 

Use this indicator (you can delete other one): https://www.sendspace.com/file/kkeh49

Use this strategy: https://www.sendspace.com/file/6ub6xi

 

Heads up though, you may need to add in more filters to indicator because Gimme bars are not supposed to be traded under other conditions that he described, but take more of a personal preference on defining the conditions on which invalidate a signal.

 

Edit: because the strategy references the indicator, you will most likely need to open the indicator attached and compile so ninjatrader knows how to reference the indicator in the strategy; otherwise, the extra ninjascript at the bottom of the indicator won't get written into the code (tells ninja how to reference indicator).

 

Hi JDizzle, sorry have you tested the Strategy or is available a tutorial ? I have some dubts.

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Hi JDizzle, sorry have you tested the Strategy or is available a tutorial ? I have some dubts.

 

I've tested it and it does not give profitable results. The extra filters that Joe Ross describes would require additional subjective rules added to the signals. Example, he says to trade it when you are not trending--if there was an easy way to define that then everyone would be successful in trading. The best way to use gimmee bars is to use it in a larger discretionary system that you develop.

 

I did come across this, which could be a better way to determine when signals are valid or not: http://www.trading-naked.com/JoeRossGimmeeBarSetup.htm

"Concept is to apply this trade when in a range. Determine range by slope of Bollinger bands = when they are relatively flat you are range bound. Eventually price will break out so as time increases use more caution."

 

Try this indicator, it has a slope filter: https://www.sendspace.com/file/jvbxrj

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