Does BloodHound support renko charts, and analyze the MACD?

I have a few different questions regarding the capabilities of Bloodhound, and it might be easier to have a quick chat on the phone. if yes, pls PM me and I’ll give you my phone no.

first off, let me congratulate you guys for creating a super awesome and impressive product. you should feel very proud of your achievement ! I saw a demo of TTs Algo Design Lab and in terms of functionality BH can run circles around ADL and at a fraction of a cost !!  whether its a good fit for me depends on whether it can do the following:

1) can it support Renko chart type ? and can it support multiple renko charts of different brick size of the same instrument ?

2) can I create a trading logic for trend trading and a trading logic for sideways trading and use the ‘run-time’ feature to change both the trading logic and/or chart size on the fly ? meaning instead of trading the sideways logic on a 10-tick renko, can i change it to trend trading logic on 5-tick renko ?

3) i’m only vaguely familiar with fuzzy-logic but can it help in identifying ‘fake crossovers’. Crossovers are a big part of my strategy and what looks like a clear setup visually i’m never able to program it correctly.

4) also using the 3) above can it identify sideways markets where indicators and moving averages are sideways and flat and criss crossing with no clear trend

5) can it help in identifying correct ‘points’ for a particular logical component of the system. for example i may think MACD above zero line is the key to my strategy using a mix of indicators but on using BH i might find that 55-EMA is the most important part – something like that ?

sorry for all the questions but pls let me know if it would be easier to do this on the phone. otherwise i’m very much looking forward to your comments. thanks in advance…

Have more questions? Submit a request

6 Comments

  • 0
    Avatar
    Zac

    Hi buylosellhi (makesmoney),
    These are great questions to share with other customers.

    1) BH supports all of NinjaTrader’s bar types. And, with multiple timeframes.

    2) Yes. That was the main purpose behind having a pull-down menu on the chart, so that the user can change to a template that best matches the market condition. You can have a Logic template for every market condition you want to design your system to.

    3) You’ll need to explain what a ‘fake crossovers’ is in order to give you a ‘real’ answer :) Essentially, what fuzzy logic allows is to bend the rules of 1=1, where 0.98 could equal 1 if you allowed it. To answer the bigger scope of your question, ‘fake signals’ are apart of automated trading systems. Good money management takes care of them.

    4) BloodHould can identify any condition you tell it to. BH can identify ‘flat’ moving averages using the Slope solver.

    5) Yes. You hit another key purpose behind BH. We originally wanted a very fast way to test various indicators and conditions as possible filters for systems we were designing. I would suggest watching one of our webinars so you can see how quickly indicators and conditions can be added or changed using Solvers.

    Thanks for posting your questions on the forum. Many of the posting in the Support Forum have detailed step-by-step examples with screen shots to help answer How-to questions and are a good source of learning material.

    Cheers,
    Zac

  • 0
    Avatar
    Anon

    Zac, thanks for your thoughtful reply. I did watch one of the 90+min webinar and all of the training videos. And I think I’m getting a better handle on the possibilities. apologies for asking some of the questions above ;-)
    i’ll try and explain in detail what the issue is that i’m talking about w.r.t crossovers etc. and of course there is no way to avoid those things in a systematic trading but i want to better understand some of the things that are possible with fuzzy logic etc.

  • 0
    Avatar
    Zac

    Thanks for the feed back. It’s good to know the videos are helping. We’ll keep adding more to the list as soon as we can. If you don’t mind sharing your crossover condition with others, we could incorporate it into out next Training workshop on the 9th. We would prefer to have examples from our customers for it. Cheers.

  • 0
    Avatar
    Anon

    Some indicators use color to mark a condition, such as positive slope being blue and negative slope being red or those colors when slope is beyond a threshold and yellow when it is postive or negative but not exceeding the magnitude of the threshold. Can Bloodhound use the color of an indicator as a decision criteria? If so, what solver would you use for this?
    If price bars are painted several colors to signify various market conditions, can Bloodhound use this information as decision criteria? For example, how would you use solvers to represent a buy condition, requiring two consecutive purple bars followed by a blue bar that closes in the upper 10% of its range and the close of each of the three consecutive bars being at least three ticks higher than each other?

  • 0
    Avatar
    Zac

    In regards to indicator colors, the Slope solver has 2 slope threshold inputs that are used for determining what slope angle the indicator is at. NinjaTrades does not have a method to read the color of an indicator, so what you can do instead is take the slope threshold value at which your indicator changes color and set that into the Slope solver’s Maximum Slope parameter, and BH will output a 1 value when the indicator reaches that slope threshold. Take a look at Example 1B on the Indicator Slope solver documentation page.
    In regards to bar painting. Bar painting is done by an indicator, so the easiest way to detect when this occurs is if the indicator has an output “signal” value for strategy use. In that case BH could read that “signal” value. Otherwise, sense you know what conditions have to occur to get a blue bar, those condition can be re-created with solvers. If these are candle stick patterns you can use the CandleStickPattern indicator to detect the pattern you are looking for with the Threshold solver. Currently there isn’t a percentage solver, but we can create an indicator to output various percentage condition that the Threshold solver can then use to determine when your “upper 10% range” has been met.
    This condition “the close of each of the three consecutive bars being at least three ticks higher than each other” can be detected by using the Bar Direction solver.

  • 0
    Avatar
    Chris Zylstra

    Just great everyone. How 'bout this for succinct, useful (critically so) and deliberate, in a vendor forum! I'm very grateful to starter... I was compiling the same list (no pun intended, promise) for Jeremy to address (hand on bible), and it was taking me forever. I was chasing my tail when I cried,"Saints preserve us!" & PLOP manna, this thread, from heaven. I shall remember to pray more often for market-related, uh, *supports*. Anyway, great response Jeremy, thank you. I hope to have more than gratitude to share soon but I wanted to point out how infrequent you find great public/user forum use for a product in nacent stage, still moist from beta. 

Please sign in to leave a comment.
Powered by Zendesk