Software Used to Trade Jack Hershey Methods

Could someone please tell me the simplest, and least expensive way to set something up so that I can modify a snippet (like the one Spyder put up yesterday for the D/ND drill) with text. It would be great if there was also something that would allow the addition of lines and other chart notations.

TIA

lj

 

right click on his chart, copy then paste it into microsoft paint , edit it and save it with gif extension. btw, open your .doc is a pain.

or use snagit, I use ver 5, still working np
http://www.oldversion.com/program.php?n=snagit

 

Thanks nkhoi. Yeh I know the doc method sucks majorly but what can ya do. Thanks again.

lj

 

For docs download the free doPDF writer. It's works like a printer driver that converts the doc to a pdf. Real easy to use and free. When you want to convert, go to print, then select doPDF, and it produces a pdf file. Easier to open than a doc IMO.

ET has trouble with most docs - you have to download them, put a doc extension on them, then open 'cause the extension and part of the name is usually missing after the d/l.

I use MS Paint for all chart and image editing, as nkhoi mentioned.

 

Thank you Ezzy. You and nkhoi have been very helpful.

lj

 

I use Snag-It. A stroll through the back alleys of the Internet should provide several locations where one can 'access' information required of this program - albiet on older versions of the software. Of course, one should maintain 'shields at maximum' when trekking into such areas.

- Spydertrader

 

Thank you Spyder. I use AVG software and it has performed very well. In the past I used Norton but it morphed into this CPU-draining lizard so I dumped it a few years ago.

I've been on the internet since day 1, beginning with my zippy 9.6K modem and NCSA Mosaic browser but for whatever reasons never got much into programming or pictorial rendering.

My sincere thanks to you all.

lj

 

Does anyone know how to make channels persist across timeframes, when using Pepe's channels tool?...

P.S. Thanks for the great stuff, Pepe

 

This is a FYI post with a question.

For the past few weeks I have had three data feeds running: DTNIQFeed, IB, and NT. Having done that, the order of preference is for me: NT, DTNIQFeed and IB. The reasons are as follows:

IB although ‘free’ to those with an account, sends its data in 100 msec pulse packets. This is not problematic unless you are a scalper or unless you require rigorous bars and rigorous volume – a tick or two IS important and several hundred shares ARE important. For many, the service IB offers is totally adequate. Go for it. For Hershey traders it isn’t.
Here’s why.

There’s this rule (I forget the acronymic designation but I’m sure of the content) which says all trades must be reported within 30 seconds of the actual transaction time – the so-called ‘late trade’, or something like that, rule. To see this in action do the following:

Set IB as the data feed for your charting software program and open a T&S window.
Open TWS and then open Booktrader (this will give you the DOM).
Observe.

What you will see is that there are a large number of trades which don’t show up on the streaming DOM but do show up on the CONTEMPORANEOUS streaming T&S (which is of course ‘the last price’). It’s definitely, initially, a WTF, but makes perfect sense when you remember that IB sends their tick data in 100 msec packets. So indeed you get all the ticks but their packaging can screw up a price bar and a volume bar (not to mention the ‘raw’ tick data itself) depending on where the packet lands in relation to the time fractal of the bar and the time fractal of the volume. Remember there are 30 seconds for these ‘late trades’ to be reported. In a recent discussion with Spyder on the IR thread he observed such a problem:
“Also, please check your backup data providers for Volume levels on the 11:35 ES [close of] bar. I show increasing Volume on this bar (as did a few other people today).” http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=1321.
The data feed for the chart in my post (to which he was referring in his post) was IB. When I checked, both NT and DTNIQFeed showed a bar with increasing volume.

NT is to be preferred over DTNIQFeed (and IB) because it gives the trader streaming tick by tick data, so called RLC data. DTNIQfeed gives one ITC 2.1 (non-DOM) data (some tick compression is allowed but there is no time-constrained bundling of ticks). Where DTNIQFeed screws up is in ‘fast markets’ where its data lag can be impressive (seconds) but, again, there are no large tick packets.

I know that many traders on this thread now use TN with its associated data feed. The software is superb, IMO, better than NT’s. My question to any trader who uses TN, is this: Is its streaming tick data comparable to that of NT’s?

TIA

lj

 

NT (NinjaTrader) have support for several third party feeds, but I wasn't aware of them having their own. Please enlighten me .