3 phrases of trends: which is low-risk & high-rewards?

[toucan]

Seriously?

25tick bars to find trend?

i use that as a basis for my algo that looks at trends... it looks at candles in 25 tick charts to give the best clarity and consistency. I could program to look inside historical bars, but it is easier to use 25 ticks

 

[SunTrader]

i use that as a basis for my algo that looks at trends... it looks at candles in 25 tick charts to give the best clarity and consistency. I could program to look inside historical bars, but it is easier to use 25 ticks

I suppose so, for 25 tick bars.

If that is what you trade I can see that. Otherwise I have my doubts how useful it could be for higher size bars.

 

[toucan]

I suppose so, for 25 tick bars.

If that is what you trade I can see that. Otherwise I have my doubts how useful it could be for higher size bars.

Ahh for trading I start each day with 25 tick charts and increase tick size on charts if the number of trades increase. My trade management software needs as much granularity as possible to make the right decisions. I trade metals and energies so the number of trades can vary widely.. Not like index futures trades

 

[toucan]

You must trade much longer times than me... Most of my trades are less than 10min, some trades can take up to an hour and a few trades take longer than an hour.. WhAT futures do you trade?

 

[ironchef]

i use that as a basis for my algo that looks at trends... it looks at candles in 25 tick charts to give the best clarity and consistency. I could program to look inside historical bars, but it is easier to use 25 ticks

Just curious, why don't you use fractions of 60, then you can sync everything up if you want to?

 

[toucan]

Just curious, why don't you use fractions of 60, then you can sync everything up if you want to?

I could, but its easier for my old age to use multiples of 25 ticks and dont understand what i would gain. Why would i sync?

Thanks in advance

 

[ironchef]

I could, but its easier for my old age to use multiples of 25 ticks and dont understand what i would gain. Why would i sync?

Thanks in advance

Probably not important if you are automate. If discretionary, makes lining up charts a little easier.

I think it also makes backtest, combining time frames looking for cross frame correlation a little easier?

Anyway, a minor issue not worth changing your 25 ticks candle.

 

[SunTrader]

Tick charts have a funny way of changing when you bring them up again in the future so I wouldn't count on them being very good for historical testing - especially low count ones like 25 tick.

 

[toucan]

Tick charts have a funny way of changing when you bring them up again in the future so I wouldn't count on them being very good for historical testing - especially low count ones like 25 tick.

well... they work for me and ive been using them for 25+ years. so... what types of charts do you use and why... do you daytrade or longer term. are you a futures trader and if so which futures do you trade. it would be nice if we shared both ways.

cheers
toucan

 

[ironchef]

I could, but its easier for my old age to use multiples of 25 ticks and dont understand what i would gain. Why would i sync?

Thanks in advance

Actually my statement wasn't correct. Correct only if you display seconds candles.

Turns out for the stock I trade, a tick = ~ 1 sec. For index like QQQ 1 tick =/= 1 sec. i.e., it comes a lot more frequent. However, it seems some multiples still line up.