GridIron

[bgleason0]

When I tried to import the Gridiron, TS error message says, Plot Missing, will not verify it. What do I do? Thanks

[TheRumpledOne]

Which Gridiron indicator are you using?

What symbol?

What interval?

[bgleason0]

I have tried numerous ones; _Gridiron_11_SR15_d: (And others with different suffixes). Also $_Battlines_Grid.
I should clarify - I have them in my Indicators in Tradestation, so they must have verified OK. I'm not an Easy Language person, so forgive me if I am not using the right terminology. When I try to add them (Insert Analusis Technique) to my radarscreen, it says it "can't add the anaysis technique because study does not contain Plot Information". I trade futures and use the continuous symbols, @YM (Dow), @ES(S&P), @US(Bonds), @GC.C (gold), @CL.C (oil), etc. - which work fine in the Compass and Trend, and other indicators. I would use 15 minutes for the Gridiron, per your suggestions and follow your guidelines. Thanks for your help.

[TheRumpledOne]

The GridIron indicators are CHART ONLY. There is a BALL ON indicator that I wrote for RadarScreen.

[Robert2617]

TRO, on the " _SMAA GridironTrade" radar indicator, should I set the interval to 15 minutes? It is implied in a post you wrote on the other forums but I'm not 100% positive that is what you meant. For a reminder of what you were saying, here is your quote...

How to use the SLOTMACHINE GRIDIRON workspace:

1) load in the ticker for the stock you want to trade, in the RadarScreens and the charts.

2) The color of the CURRENT 15 minute candle determines "who has the ball"...

GREEN = buyers have the ball

RED = Sellers have the ball

Remember a football "quarter" is 15 minutes.

In the upper right, you will see a TRADE column. When it says WAIT, just sit there and wait... trust it. When it says trade, you trade with the team that DID NOT HAVE THE BALL LAST QUARTER.

So if the previous 15 minute candle was RED (sellers), you trade with the buyers (long). You place your trade when the TRADE column says TRADE... DO NOT HESITATE!

Now here comes the hard part... you must really trust the system to reap maximum profit. Place a sell limit order (if long) or a buy to cover limit order (if short) at the next gridiron line. It's that simple. You will be tempted to exit early (voice of experience here) but if you do, you will miss out on gains (happens to me more than not).

Another trading option is to place an order to sell 1/2 your position. That way, if your team keeps marching down the field, you make more money.

If you look closely at the chart, you will see how much I left on the table. Had I only waited for the buyers to get to their 20 yard line.

The reason I have a 5 and 15 minute charts is just to watch the plays. A 1 minute chart causes overreaction on my part. But a 5 minute chart clearly shows if my team is moving the ball or losing ground.

If you think this FOOTBALL stuff is nonsense that's ok. It works for me and that's what's important to my portfolio.

I uploaded all the indicators and workspace for your ease of use.

Sorry if I am being dence.

[cvax]

I was wondering what conditions triggers the trade column to say TRADE instead of WAIT?

[TheRumpledOne]

TRO, on the " _SMAA GridironTrade" radar indicator, should I set the interval to 15 minutes? It is implied in a post you wrote on the other forums but I'm not 100% positive that is what you meant. For a reminder of what you were saying, here is your quote...

How to use the SLOTMACHINE GRIDIRON workspace:

1) load in the ticker for the stock you want to trade, in the RadarScreens and the charts.

2) The color of the CURRENT 15 minute candle determines "who has the ball"...

GREEN = buyers have the ball

RED = Sellers have the ball

Remember a football "quarter" is 15 minutes.

In the upper right, you will see a TRADE column. When it says WAIT, just sit there and wait... trust it. When it says trade, you trade with the team that DID NOT HAVE THE BALL LAST QUARTER.

So if the previous 15 minute candle was RED (sellers), you trade with the buyers (long). You place your trade when the TRADE column says TRADE... DO NOT HESITATE!

Now here comes the hard part... you must really trust the system to reap maximum profit. Place a sell limit order (if long) or a buy to cover limit order (if short) at the next gridiron line. It's that simple. You will be tempted to exit early (voice of experience here) but if you do, you will miss out on gains (happens to me more than not).

Another trading option is to place an order to sell 1/2 your position. That way, if your team keeps marching down the field, you make more money.

If you look closely at the chart, you will see how much I left on the table. Had I only waited for the buyers to get to their 20 yard line.

The reason I have a 5 and 15 minute charts is just to watch the plays. A 1 minute chart causes overreaction on my part. But a 5 minute chart clearly shows if my team is moving the ball or losing ground.

If you think this FOOTBALL stuff is nonsense that's ok. It works for me and that's what's important to my portfolio.

I uploaded all the indicators and workspace for your ease of use.

Sorry if I am being dence.

Just use the workspace!

[TheRumpledOne]

I was wondering what conditions triggers the trade column to say TRADE instead of WAIT?

When the ball changes possession.

[cvax]

Let me see if I understand this correctly. So if the previous 15min bar was red and the current bar changed to green the column will say TRADE? When this happens I am suppose to go long. Doesn't this cause a lot of false signals because the current bar is still in the process of being made? It could end up as a red candle at the end of the 15mins instead of being green. Wouldn't there be a lot of side switching in the beginning as the teams try to duke it out for control?

Perhaps you could post the code on the TRADE conditions. I could not find it this indicator in the eSignal motherlode so I can't get access to the exact coding (dont have TS). Thanks.

Also you mentioned you use the 5min chart to watch the plays. What are you watching for when you watch the plays? On AAPL I have seen it look like the sellers are marching down the field and in one or two 5min bars it would retrace all the way back up to the original PP.

[TheRumpledOne]

Let me see if I understand this correctly. So if the previous 15min bar was red and the current bar changed to green the column will say TRADE? When this happens I am suppose to go long. Doesn't this cause a lot of false signals because the current bar is still in the process of being made? It could end up as a red candle at the end of the 15mins instead of being green. Wouldn't there be a lot of side switching in the beginning as the teams try to duke it out for control?

Perhaps you could post the code on the TRADE conditions. I could not find it this indicator in the eSignal motherlode so I can't get access to the exact coding (dont have TS). Thanks.

Also you mentioned you use the 5min chart to watch the plays. What are you watching for when you watch the plays? On AAPL I have seen it look like the sellers are marching down the field and in one or two 5min bars it would retrace all the way back up to the original PP.

False signals?

THIS IS TRADING! If anyone KNEW what is going to happen next they would own everything - the market would cease to exist!!

If the entry triggers and you could have sold for a five cent profit but waited for more and the next thing that happens is a loss, don't blame the indicator or method.

TRADING IS A GUESSING GAME.