mlestina
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mlestina started following DAS Trader Pro - Basics Live Q&A, Question about Chart Indicators on Different Timeframes, General Tip: Create An ATR Daily Chart and and 3 others
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Question about Chart Indicators on Different Timeframes
mlestina replied to wpicotte's topic in Day Trading Basics
I ran into the same problem in BBT's new Replay feature (values for for indicators such as the 9EMA are vastly different on the 1 minute chart as compared to the 15 and 60 minute charts and the daily chart for the same stock on the same day and at the same time of day. Opened ticket 13486, and even emailed Aiman in Moscow regarding this observation. Aiman's response to me seemed to be consistent to what Anders said above. Aiman, thanks for the BBT replay feature and for your dedication and enthusiasm to BBT and trading! Nevertheless it sure confused me big time and it seems to be an issue not sufficiently addressed either by this forum, any book, any article or any website. Because I wanted to clarify this issue, I have pasted below my thread with Aiman in anti chronological order for reference: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Hi Matt, Moving averages are applied to all the time frames, and the value changes depending on the time frame. If you go to how moving averages are calculated then you can see that it is the sum of stock's closing prices during a time period divided by the number of observations for that period, which tells you that the 9EMA is just the sum of the last 9 candle closes divided by 9 which tells you that the value of 9EMA on the 1 minute chart will be different from the value of the 9EMA on the daily chart. It will not show you the same price. When you are trading you need to do different time frame analysis when building your plan to trade. I live in Moscow by the way, it is 3AM here On Sun, Jul 24, 2022 at 2:52 AM Matthew Lestina <[email protected]> wrote: I am using the replay function, and notice that the indicators(9ma, 20ma, 50ma, 200ma and vwap are at vastly different prices for the same stock at the same time but on different timed candlesticks (i.e. 1 minute vs 5 minute vs 60 minute vs 1 day charts). Why is that? I would expect all of these to be at the same price at the same time and day for a particular stock. Why are these indicators at different prices depending on whether the chart is 1 minute vs 60 minute? I need to be able to rely on this to view the price action and make decisions on trades and by having these indicators at what seems to be random prices may work against my learning curve. Could you please explain why I am observing this on your replay app.stocktradingsimulator.com? -
General Tip: Create An ATR Daily Chart
mlestina replied to KyleK29's topic in DAS Trader Pro Tips and Tricks
Kyle, Thank you! btw, you must mean "load settings", not --import settings--.- 11 replies
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Trading Sim or DAS Replay
mlestina replied to banjo597's topic in Day Trading Hardware, Software and Tools
As an update, I think I got this question answered by the on line customer support Chat. Essentially, they said that the thing Peter was referring to on his 7/9/20 video at 27 minutes was at https://bearbulltraders.com/simulator/ where, under the banner "Weekly Practice" several trades are described. Also, the following link https://www.youtube.com/watch?v=O85A_qpqaj0 is where this DAS replay feature is described by BBT. Apparently, there are no videos of replays from BBT posted on BBT website or elsewhere, it is just the descriptions of trades under the Simulator BBT page. I hooked up with Peter in the Chatroom Mon Oct 12 afternoon and he said, "I actually meant the Weekly practice. I don't think there were any videos, just trade suggestions." I think this clarifies this. Matt -
Trading Sim or DAS Replay
mlestina replied to banjo597's topic in Day Trading Hardware, Software and Tools
Jason, Thanks. I have another question regarding Replay. I was just watching Peter's July 9, 2020 video entitled "From the Beginning: Setting Up a Trading Plan", and at about 26:55 into the video, he says: "Leverage our Replay Practice that we've got, it is something that we recently set up. The Replay Practice you can find in our [i.e. BBT's] Education Center, and it gives you sample trades you can take. The team has done a great job to set this up and give you a suggestion of great trades that you can take. These trades will leverage different types of trading strategies to make them work. It is a good way to figure out if a given strategy is feeling comfortable to you because we sort of set up these practice sessions if you will. " I tried looking for these in BBT's Education center but I couldn't locate them. Could someone please tell me where I can find them? Or is it better to ask Peter directly? Or must I have the 3 month Sim subscription first to access them? Matt -
Trading Sim or DAS Replay
mlestina replied to banjo597's topic in Day Trading Hardware, Software and Tools
Ive just started my 14 day free trail with DAS (version 5.5.2.3) and cant find the replay function. Does the 14 day free trial not have it? Does the discounted 3 month DAS SIM I paid for thru BBT (but have not yet activated) have it? Or do I need CMEG as a broker to get it? Is it advisable that I get the replay feature if I am just starting out on Sim? Matt -
Multiple accounts on DAS trader Pro IB
mlestina replied to paul ang's topic in Day Trading Hardware, Software and Tools
KHarp83, I never before heard of Venom by Cobra! Why hasn't Venom by Cobra never been mentioned or discussed in any of Andrew's books or in the education videos on BBT? I know the education videos seem to discuss at some length the commission structure between IB and CMEG, but why isn't Venom by Cobra never discussed? Matt -
Multiple accounts on DAS trader Pro IB
mlestina replied to paul ang's topic in Day Trading Hardware, Software and Tools
Paul, That is great. But it happened to me at Fidelity (this was unrelated to day trading). Please see attached. Matt -
Multiple accounts on DAS trader Pro IB
mlestina replied to paul ang's topic in Day Trading Hardware, Software and Tools
Paul, that may be my strategy. Start with CMEG, then move to IB US when and if I become a CPT. My concern is if you call their customer service with a legitimate problem, you first have to go thru a long phone menu maze, key in a whole bunch of stuff, wait a half hour on hold, and then when a person answers your call, they have a long list of rigid questions (often a repeat of what you previously typed in) you are forced to answer before they are willing to help you with your problem. And if you then get thru that, you may then find that either they have no motivation, power, skill or desire to solve your problem. Then if you as the customer show any dislike or frustration, because your customer service agreement may be an "at-will" contractual relationship, they could restrict or cancel your account at any time for any reason, usually because they want to retaliate against you and hurt you. I am concerned that if I went with IB US, being what seems to be the only US broker that pairs with DAS, I would be put in a bad position of that happened to me. IB US may actually be just fine, but they also have a lot of power over an individual customer, and thus there is the potential that they can at some point use that power to bully. I therefore feel less vulnerable with CMEG. Please mark me if my logic and concerns above are awry, but I thought that one good function of a group like BBT would be if some customer gets victimized like this, they dont have to suffer quietly but instead could let others know what is going on so others can be more alert. Please let me know whether any of this makes any sense or if I am an aberration. P.S. I wish airlines were required to publish the number of people they have banned. -
Multiple accounts on DAS trader Pro IB
mlestina replied to paul ang's topic in Day Trading Hardware, Software and Tools
I dont have 2 brokers. Actually I have zero. I am just starting Sim. But in 3 months I may need to choose one. Dont like the US $25k pdt rule. Further, I am concerned that if I rub someone in customer service the wrong way, Im afraid they could restrict or cancel my account, as often customer agreements are "at will" meaning they can cancel your account for any reason at any time. Hence I am concerned that IB US may be both inconvenient and leave me vulnerable. Please mark me if I am wrong. -
Multiple accounts on DAS trader Pro IB
mlestina replied to paul ang's topic in Day Trading Hardware, Software and Tools
Thanks Paul. I did call DAS just now (702.943.1881) and they said I would have to pay double if I linked DAS to both CMEG and IB US simultaneously. Although you can link DAS to more than one IB US account simultaneously for no extra charge, that does not apply for different brokers. Also this question that I asked is premature as both the 14 day free trial and the 3 month BBT promotional discount for DAS do not use or require a broker. -
Multiple accounts on DAS trader Pro IB
mlestina replied to paul ang's topic in Day Trading Hardware, Software and Tools
Can I pair and use my same DAS account for both CMEG and IB US simultaneously? In other words, can I have a single DAS account and pay for just a single DAS account and use that same DAS account for an account in my name in both CMEG and IB US? Will DAS allow me to do that? Matt -
I am new to trading, live in Kingstowne and am beginning to consider getting a trading buddy or a virtual group. Please reach out if you are interested or may be interested in the near future. I only joined BBT in July 2020, read about 6 books, and plan to start SIM trading shortly. Hence I do not yet have a journal or whatever, so it is a bit early, but would like to see if others would be interested when I get going. My email is [email protected]. Matt
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Carlos, I missed this as I was not a member on Jan 20, but was wondering if you could answer the following: 1. How important is it to do a journal when I Sim? Is journalling only for live? When I journal, should I use Chartlog free or paid or Tradervue free, silver or gold? 2. As I am new to trading, how do I know when it is a good time in my development to activate my DAS discounted subscription? Should I error on the side of too early or too late? Matt