EbbNFlow changes July 22, 2020 include:
- Added ShowFibonacciRetrace: The adds a Fibonacci Retrace drawing to the ThreeBarTrendRange Indicator shaded area.
- Reorganized the parameters window to separate settings into categories to improve the user experience.
- NEW FEATURE! Added FreezeIfGapXTicks and GapFreezeRangeTicksFromCenter: Gap events could be followed by a period of increased volatility with unpredictable direction which could move against and take out a stop. When used, if the number of ticks entered is exceeded in the gap size the strategy will place a freeze on new trades and create a shaded lockout region. Once price has moved the number of ticks entered from the center of the lockout region the freeze will be lifted (similar to the volume freeze feature).
- Other minor annotation improvements.
LetsRun21 changes June 10, 2020 include:
- NEW FEATURE! Added DynamicallyAdjustStopToXTicksBehindEntryBarOnBarClose: As soon as the trigger bar closes the stop will move to this distance behind the trigger bar. Users can now set an initial stoploss and have it adjust after the entry bar closes. It would be common to start with a wider anticipated safety stop since the trigger bar can be more volatile than others and then use this feature to adjust (and most commonly tighten) the stop to the desired distance behind the trigger bar. Keeping at zero deactivates while setting a higher number programs the desired number of ticks.
- NEW FEATURE! Added WhenInThreeBarDownAlowLongsInRangeOfLowestBarOfThreeBarOnly: For the Long side only, when in threebartrendDOWN this will limit long trades to only trigger when in range of the lowest of the three bars that make of the threebartrendindicator. As soon as price breaks above this reduced range it will disallow new trades from triggering until subsequently a lower threebartrend region is established OR until the threebartrend cycles back to up. A common use would be in conjunction with LongsOnlyWHENINThreeBarDOWNTrend to ensure only trades are triggered from the lowest of the three bars in the threebartrendDOWN otherwise they will still trigger when in ThreebartrendUP. Such idea forces trades to only commence from a deeper pullback. This idea can help the User to add a new recipe to run in addition to others.
- Added OutputandTradeID. Users can enter what they'd like here as a label to help better track their trades on the chart and in the 'Orders' and 'Executions' tabs for the Control Center.
- NEW FEATURE! Added SwitchMinimumBarsSinceExitExecutionFrom930to10AM: Based on a subscriber optimization request, this was added to switch the normal number of bars which must pass from the last exit before a trade may trigger to a different number for just between 930AMto10AM Eastern Time (Cash equity opening half hour). In the study for example it was discovered that if an NQ (or MNQ) trade on a five minute chart ended just before or in the first part of the cash equity open, it would be better not to wait a full 6 bars for the next trade to commence and could set it to anything different for example 3 or 4. Entry of 0 renders inactive. Have an idea for a customization or enhancement? Let us know!
NEW! LetsRun21 LargeLongsWhenInThreeBarDownHARDCODE For NQ and MNQ:
- Introducing a ready-to-go hard coded recipe for LetsRun. This comes now complimentary with the LetsRun subscription and will appear as a separately available strategy. Designed for use with NQ and MNQ this recipe takes larger trades coinciding nicely with the trend in volatility over the last couple years. It utilizes the new DynamicallyAdjustStopToXTicksBehindEntryBarOnBarClose feature. It has been tested in an extended backtest using market replay (the most accurate way available) from 9-9-18 through 6-4-20. Over this period of time results have been fairly consistent while maintaining decent risk/reward and as you can see activity has increased through the period. Click the button below to view the backtest results.