dom993trading announces its BreakOut bars for NinjaTrader

Discussion in 'Events' started by dom993, Jun 12, 2014.

  1. dom993

    dom993

    I am glad to announce the upcoming release of dom993trading's BreakOut bars for NinjaTrader.

    The core principle of these bars is to show range-expansion from one bar to the next, in a similar way to what Renko bars do, but without all the Renko-bar issues.

    Specifically, Dom993BreakOutBars bring the following to the (table) chart:
    • Each bar Open is an actual price-print, known & printed in real-time at the exact same price it is printed (later) on historical bars, allowing to use these bars for backtesting
    • Each bar shows (when appropriate) a wick on its side opposite to the Close, showing how far price went against Open-Close direction
    • There are no phantom bars - if price gaps away from the current bar, the next bar opens at that price, and the gap is visible on the chart - even on intra-day price action (see the nice example attached on NQ)
    • Reversal bars minimum size is 3 * the configured Breakout size (but can be more than that, as it always must breakout the prior-bar range by Breakout size) - this characteristic allows for the bar series to resynchronize to price-action Highs & Lows on most reversal bars, ensuring that tiny differences in datafeeds (or between live & historical database) impact only a limited number of bars.
    • The bars are configured by default to ignore session-breaks - this is particularly useful on larger timeframes, which are otherwise polluted a lot by incomplete bars.
      Note: in this mode, the only session-break leading to an incomplete bar is at the rollover between 2 contracts.
    The first picture attached is NQ 06-14 (up to Friday 6/6) using a breakout size of 15-ticks. It shows with great clarity a large cup & handle formation (under the blue line), as well as 2 typical trades out of congestion - the congestion areas are between yellow lines, the trade is on the reversal off the retest of the congestion area.

    The 2nd picture attached is also NQ 06-14, using a breakout size of 3-ticks on Thursday 6/5 - notice the gaps visible in the pullback at 11:52 am EST.

    Pricing will be USD 200 for an annual lease, or USD 500 for a perpetual lease.
    Time-limited trials on request.

    I will have in the package an indicator showing in real-time the 2 possible closing price for the developing bar.

    Do not hesitate to contact me for more information!

    Good trading,

    Dominique