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Dear Ward Systems Group Product Owner:
Here's the latest from Ward Systems Group.
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Optimized Renko Bars for Less Noise and Precise Trading Signals:
Introducing a new Add-On for NeuroShell Trader by Richey Enterprises |
The Japanese developed Renko bar charts in an attempt to show price based upon a specified amount of movement in a single direction rather than reporting price based on a time schedule as in a 5 minute bar chart. Richey Enterprises has developed an entirely new concept in Renko bars - optimizable Renko bars based on price, volume, or a combination of both, that may be customized for each security. The result is that your trading systems are based on less noise and subsequently generate more precise trading signals.
These innovative Renko Bars comprise the InterChart Tools Renko Bars Add-On for NeuroShell Trader that is sold by Ward Systems Group on behalf of Richey Enterprises, the developer of the InterChart Tools 1 and 2 Add-Ons.
The InterChart Tools Renko Bars are virtual bars capable of generating trading signals and performing their calculations using the same methods as traditional bars. Once a trading signal is generated by the Renko bar, both the trade and fill are correctly displayed on the open of the next bar of the base chart. For example, you can create a 0.25 range bar base chart and then add InterChart Tools Renko Bars to trading rules, visual charting systems, or predictions.
Included Indicator Types
InterChart Tools Renko Bars - are created based on a specified change in price that moves either up or down.
InterChart Tools Renko Volume Bars - are created based on the exchange of a specified minimum number of shares or contracts that move with price action either up or down.
InterChart Tools Renko Money Bars - are created based on the exchange of a specified amount of money stated in thousands of dollars that is calculated by multiplying the price times the number of shares/contracts that move with price action either up or down.
How Renko Bars Work
Renko Bars are only created when price has moved either up or down by the amount of the specified high-low range. This amount is referred to as the brick size. In all classic Renko charts, all bricks must be exactly the same size and the change specified in the high-low range must be in the same direction, either up or down, before a new bar is formed.
Different moving averages of InterChart Tools Volume Renko Bars can tell you when to go long or short - or even when to stay out of the market.
Why InterChart Tools Renko Bars Differ from Traditional Renko Bars
The InterChart Tools Renko Bars include parameters that allow you to specify the number of ticks used to calculate the up part of the Renko bar as well as the number of ticks used to compute the down part. Since any bar's function is to absorb noise and rising price jitter is often different from falling price jitter, the IctRenko bars permit an asymmetrical definition to accommodate this. A Bar Size Multiplier gives you the option of setting the overall size of the bar once the up/down ratio has been configured. IctRenko bars are only displayed on the chart when price has moved either up or down by the number of virtual ticks specified in either the Ticks per Up Bar or Ticks per Down Bar multiplied by the Bar Size Multiplier. NeuroShell Renko bars may, at the user's discretion, be controlled by the NeuroShell Trader optimizer to identify the optimal bar size and noise absorption for a given algorithm or security.
The InterChart Tools Renko Bars Add-on for NeuroShell Trader sells for $695. You need NeuroShell Trader Professional, DayTrader Professional, Trader Power User or DayTrader Power User 6.4x beta
or higher to use the InterChart Tools Renko Bars Add-On. To learn more, visit InterChart Tools Renko Bars Add-On.
Offer ends July 31, 2014.
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A New Spin on Volume for FOREX
by Philippe Lonjoux, Noxa Analytics, Inc.
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Front and center on our radar now is the Forex Bid and Ask Volume, a new widget that we are Über excited about. Note that when I mention Bid/Ask Volume, I am talking about the number of contracts that the broker sees sitting at the bid/ask, not to be confused with the Tick Volume which is the number of ticks for a specific time frame.
Riddle me this...
Bid/Ask Volume shows no information about actual executions-only quotes. It is also difficult to see where the orders might be piling up because many brokers "dummy up" orders that disappear once they have finished hunting. Additionally, the orders are those crossing the broker's books only; they can't be meaningfully used to extrapolate to the market as a whole. So, why would someone want to use Bid/Ask Volume on FOREX?
Well, we dropped the Volume data into the AME and those trades (surprisingly) have been quite productive as you can see from the screenshots.
We have to confirm that these results hold true for other time frames and trading vehicles. This is very much a work-in-progress so any feedback re: other information readers would like to see is welcomed.
Happy trading
Philippe Lonjoux
Noxa Analytics, Inc
p.lonjoux@noxapredict.com
PS. You may want to take advantage of our current promotion: we are offering a 25% discount on our plugins for the NeuroShell Trader. This offer is extended until August 15th, 2014 www.noxapredict.com
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The ChaosHunter developers are currently planning the next release. If you have a feature that you would like to add, please take a few minutes to send an E-mail to sales@wardsystems.com. Be sure to include NEW RELEASE OF CHAOSHUNTER in the subject line of your message.
If you haven't heard about ChaosHunter's ability to create readable formulas to model your numeric data, learn more at www.ChaosHunter.com. You can also save 20% on your purchase of ChaosHunter if you buy before July 31, 2014. See the July Savings item below for details.
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NeuroShell Trader Now Works with TradeStation
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If you have a TradeStation account, NeuroShell Trader can obtain TradeStation data and send trades to your TradeStation account. A beta version of the TradeStation interface to NeuroShell Trader is available from WARD.NET in the Release News, Upgrade Information and Beta Tests section. A single install program includes both the TradeStation Data Server and Broker programs. Note that TradeStation does not have to be running in order to obtain data or send trades to your TradeStation account. Because this is a beta release, users are cautioned to begin working with their TradeStation simulated accounts before risking any real money.
Beta testers must currently own a 6.x license of NeuroShell Trader and be running NeuroShell Trader 6.4 beta or higher in order to take part in this beta test. Comments about the beta test should be sent to support@wardsystems.com.
The TradeStation Data Server and Broker programs are a no cost update to NeuroShell Trader.
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Save 20% on purchase of ChaosHunter and
Upgrades to Trader Power User or DayTrader Power User
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If you haven't added ChaosHunter to your modeling toolkit, now is your chance. Take a different approach to modeling the securities you trade and easily transfer the trading signals to NeuroShell Trader by inserting an indicator. To learn more about ChaosHunter, click here.
If you have a collection of NeuroShell Trader trading strategies and want to see which ones are capturing today's market conditions, use the batch processor in the Power User versions of NeuroShell Trader to update and examine them all at the same time. Trade the ones that show results. To learn more about the NeuroShell Trader Power User versions, click here.
Sale ends Thursday, July 31, 2014.
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Fax: 301-663-9920
Skype (sales only) Wardsystems
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Copyright © 2014 All Rights Reserved.
Trademarks: NeuroShell, NeuroShell Trader, ChaosHunter, GeneHunter, Ward Systems Group and the old lady logo are all registered trademarks of Ward Systems Group, Inc. AI Trilogy is also a trademark of Ward Systems Group, Inc.
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