Software Used to Trade Jack Hershey Methods

QuoteTracker Program Version: 3.8.5c-2

Quote from TIKITRADER:

Anyone interested that is using QT and having trouble with lines disappearing. Wrote to them recently and they replied with a possible fix. Here is what they had to say regarding this problem . . . Please get the update at http://download.quotetracker.com/download/stocks.zip

and extract the contents of that file into the QuoteTracker folder, overwriting the existing STOCKS.EXE file while QT is not running and let us know if you still have the problem.

Mazel
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Thanks to Pr0crast, the PRV (Pro Rated Volume) is a standard feature in Quotetracker.
Just go to Select Indicators> Edit> then check the "Show Projected" option.

Quote from Pr0crast:
Here's a snag of it in action:

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1469622">
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E-Signal is capable of coding and displaying every aspect of the Hershey scalping method save the DOM (it does not have the program calls to go along with a CME Level 2 subscription). IMO this is not a shortfall, as the DOM is reactive, not predictive. Further, E-Signal's ability to assign and retrieve global values between separate codes allows one to construct a "Red-Light-Short, Green-Light-Long, Yellow-Light-Stand-Aside" helper pane which is an essential decision making aid to those unable to fully integrate the mulifarious elements of the method. I do not believe that I could trade the Hershey method as well as I do with any other charting program. But be advised, the ability to code the method as a simple binary decision using multidimensional binary decision theory is the key. Alas, you will not see that on Spydertrader's syllabus.
 
the combination of:

channels
trendlines

is pretty powerful, its a evolution of the old pit trader open range system. Since OR just uses the open high low, prev day high low. The channels and trendlines are basically dynamic risk management techniques.
 
Quote from trader225:

Jack has recently written that he is "fully automated." When is he going to pay it forward, by showing the code?
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trader225 asked this question on the 24th. I replied with the following :

Quote from trader225:

Jack,

Vectors do have direction and magnitude, but since when are they time based?

Some traders focus on price change for making money. They may also focus on being on the right side of the market.

So a vector that is important to me is price magnitude and direction and I just use a standard interval of time to measure price change (magnitude) and it's direction (long or short).

Another element of my data set is the MODE of the market. What is the vector here? For me it is continue or change. I measure the continue as a pace and I do the same for change. Pace is related to the strength of the markets for me. Pace is how much the market can handle as it continues or as it changes.
I measure these two items with respect to time. One aspect of change I mentioned: that is, doing partial fills around a turn. Each is separated in time and there is a magnitude for each slug that goes through.

Recently you wrote that you're fully automated. When are you going to show us the code? Pay-it-forward as you're wont to do.

Many people have posted on this in several places where snippets or script is kept. So it is around in these places as pieces. I hope you are using the stuff that has been passed forward. I, personally, am not allowed to do code. I have heard that beta testing on displays is starting in July. People generally "come to us" regarding this kind of stuff; we do not push this kind of stuff.

As far as showing what is possible or activities going on, I think we are shooting for the next Expo. The Expo is commercially oriented so there are issues to be part of it as an amateur.

Doing PVT and SCT as an amateur is best done by learning it in my opinion. It is always a good idea, also, to be able to understand completely what is going on at any time. That is where being mechanical, as well, comes into play. People who have that interest can do this kind of support for their trading and learn in the process.

If a person is using a conventional orthodoxy orientation to get some mechanical PVT or SCT stuff together it will not work out for them. There are many examples of how this fails in ET.

It is really unpleasant thinking of how any formal aspects of this would go. I am glad to see that some people have done the snippets and scripts. many others have speny years absolutely demonstrating they cannot do coding for checking out PVT and SCT.


Trader225, you may want to make a file and keep the answers to questions you ask in the file.
 
Quote from mikeytrader:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1489644&highlight=xls#post1489644

Please see attached an example of an xls that I put together to show various characteristics of the DOM in real time summarized as follows:


1. This is an IB feed using standard IB DDE syntax, performance is good because excessive calculations are not taking place. Data is replaced instantly in each cell.

2. Left most section shows the DOM Ladder,3 columns, price,size, accumulated size.
I colored the ask side with green and the bid side with red, but only colored to the largest size in each level. This allows you to see the wall easily.
The yellow color is used to show which side has the largest accumulated size.

3. Middle section, For each of the 5 levels of the DOM a Horizontal bar that expands or contracts based on the corresponding size.

4. Right section, Similar to the DOM ladder on the left side, this only shows the biggest wall amongst the 5 levels of each side, plus the immediate inner pair.

5. I will post the actual xls later today
<br>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1489644><br />
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Quote from mikeytrader:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1490370&highlight=xls#post1490370

Attached as promised is the xls which will work with a few setup tweaks.

Steps:

1. Save xls to hardrive
2. Launch IB
3. Make sure IB under configure>>api>>enable dde and enable active-x are turned on
4. open xls and when prompted to update just say no
5. type in your IB user id in cell B47 and make sure B48 is the current contract and hit enter
6. save the xls
7. click on the setup button
8. ib data should start to update.

the next time you open the xls you can now chose update.


For anyone else using other brokers or data providers please modify and post the code here so we can all share.

best of luck

Download xls attachment here:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1490370
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Quote from PointOne:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1487995#post1487995

Here's an example of a wall forming on the DAX yesterday:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1487995>
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Quote from PointOne:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1489358#post1489358

OK, I've had a lot of PMs regarding my Excel chart of the DOM.

I do not want to distract from Spyder's recommended syllabus or spoil the pace at which he wants to introduce elements of the DOM – so by all means start using my chart but please don’t use this thread for questions on design improvements or getting it to work. If there are major issues with it, PM me, but remember it is given free, “as is” and it is not supported. :D

Pre-requisite: Makosgu's PRV spreadsheet which already has the DOM DDE feed. I cut out the PRV sheet as I no longer needed it, thanks to the recent QT enhancement. This makes everything run faster and Excel remains responsive so you can tweak the chart in real time as required.

I’ve attached the chart (it's actually 3 charts in a row with some simple logic on the DOM numbers) which is linked to hard wired DOM numbers to get you going with the formulas I use. You have to link to your own DDE derived DOM numbers in your sheet – and there are several ways to do that. Once you have linked in to the right numbers, save, close, open and allow macros and updates to run. Check the chart is working in real time. (Adjust the horizontal scale as required by double clicking it.)

If it does work first time, as it did for me, you will probably shout "Holy Shit!, why didn't I do this earlier!" :D

Enjoy, but please don’t get distracted by it – remember where it fits within the toolbox.

Download xls attachment here:
http://www.elitetrader.com/vb/attachment.php?s=&postid=1489358

P1
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