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Pyrapoint, IB count of symbols, Refresh, QnA |
Nov 3 , 2004
16:33 @Ensign_Kimball: There will not be a formal training today...however if you have a question...we can help you out.
16:39 Merv: is there a way to get the countdown timer on a chart to play a wave file several seconds before it times out?
16:39 @Ensign_Kimball: sorry no.
Pyrapoint
16:39 Shar: I have looked at all the Pyrapoint info in help and web site and I don't understand how to manipulate the degrees. For example, I'm sitting in TraderBambu's chat room, but can't get my pyra to look like his as far as degrees. Also, maybe I don't understand what it all means. ?? I think I do. :-)
16:40 @Ensign_Kimball: First, you must make sure that YOUR chart is an exact match to his chart. Next, you must attach your Pyrapoint to the exact same bar and price level. Then, you can adjust the Degrees in the Properties screen to match his. And you should get the same Pyrapoint lines
16:41 Shar: Yes, but his degree numbers are different. I know how to change them using the little changie thing at the rt bottom corner. I've done that. I emailed him and he said something about the 1000 and 100 boxes. Could you please explain what that does. I may have a 6 deg while he has a 16 deg and my changing that little box still doesn't change my degrees like his.
16:43 @Ensign_Kimball: You can manually type a number if necessary
16:43 @Buffy 2: shar he is talking about checking and unchecking those two options in the prop window. I tried that too and it didn't work. What do those two options do, Buffy?
16:44 Shar: I know what it says, but don't know really what it means. >1000 >100
16:45 @Ensign_Kimball: If the Price level of your chart crosses the $100 level then the Pyrapoint will scale differently. The Check boxes allow you to override the auto scaling. For example, if possible, open an IBM daily chart. Attach the Pyrapoint on the 06-15-04 bar High. The Pyrapoint will plot on the chart based on the Chart Price Range.
16:48 Shar: It automatically did a 90deg.
16:49 @Ensign_Kimball: If you then Drag DOWN on the right edge of the chart (the grid prices), then the Chart Scale will expand. Once it has expanded over the $100 level, the Pyrapoint will recal. It would recalc again if you continue drag until the $1000 is included on the chart.
16:51 Shar: Should I have 100 checked? Also there is no where on the right edge to drag - it won't drag.
16:51 @Ensign_Kimball: Click right on the PRICES and drag down with the Mouse. You can also drag Right or Left on the TIME value text at the bottom of the chart to expand and contract the chart Horizontally
16:53 @Ensign_Kimball: Hold down Left mouse button and drag down. Drag up or down on the PRICE grid levels on the right edge of the chart
16:54 Shar: OK, it moves, but doesn't expand. It moves the whole thing up or down.
16:55 @Ensign_Kimball: You are dragging in the Chart Area, not the PRICE TEXT on the RIGHT
16:57 Shar: No, didn't know I could drag the Price Text. lol Just tried it. Anyway, was dragging the Chart Area.
16:58 @Ensign_Kimball: If you want more info on Pyrapoint, send an e-mail to Don Hall. He is an Ensign user that originated the tool
17:00 Shar: I just wanted to know how to manipulate the degrees in Ensign. He will help with Ensign pyrapoint Support?
17:01 @Ensign_Kimball: He can explain the Pyrapoint method so you can understand what it is doing.
17:02 Shar: Ok. Thanks.
16:59 Wing: having an issue here keeping the support studies to the right of price.. they will float to the left after I have placed them.. if I click on chart they reset to right sometimes
17:01 @Ensign_Kimball: Wing.... Select 'Setup | Charts' place a check mark in the bottom left check box. 'Repaint Draw Tools'
17:03 Wing: ok .. that was not checked.. will try that.. thanks
IB count of symbols
17:04 Kent: Hi Kimball I had the message 40 Symbols exceeded. Do the upgrade downloads update the symbols by default? I have deleted symbols to eliminate the error message but it seem to come back after updgrades
17:12 @Ensign_Kimball: Select 'Setup | Manager' from the Ensign Menu. This will show you a list of the symbols that the Software is trying to maintain. Reduce the list. If you try to display an Options Quote page, it can trip over the list trying to show all available strike prices. Upgrading the software should do nothing to your symbol list.
17:15 Kent: ok Thanks. I think this started to happen when I defined #F symbols
17:20 @EnsignH: Kent, one more thing about the IB symbol count. On the SetUp | Manager form is a check box to Auto Add symbols to the List. What this box will do when checked is check the manager symbol list against the symbol of the new chart you open, and add the chart symbol to the manager list automatically. This is so the IB feed would then watch the symbol and send updates for every tick. Browsing through charts is how you probably keep adding symbols to the manager list without realizing it. You can uncheck the Auto Add option, and then the list will stay static unless you manually add a symbol on the list by using the SetUp \ Manager form.
17:23 Kent: Ok Thanks I know how to keep an eye on the list
17:23 @EnsignH: I typically run with Auto Add enabled, and then occasionally clean up the Manager List by removing symbols I do not really need to be following.
17:24 cmtrade: I have an IB Question. When I go to Setup/Connection and select IB I get a message to go accept conn in TWS. When I accept, I get a message: Market Data Error, need to Subscribe
17:27 @EnsignH: you can either click Yes on the Accept box or do nothing and a few seconds later Ensign will do the click for you.
17:27 @EnsignH: humm.... am not aware of that message. Sounds like it is from TWS
17:27 cmtrade: yes it is from TWS
17:27 @EnsignH: and might be related to a particular symbol you are trying to follow. Does the message also list the symbol or the exchange. For example, if I try to follow a DAX symbol, I get the prompt that I do not subscribe to that exchange and would I like to subscribe, which of course I do not want to do.
17:28 cmtrade: NYSE STK/AXP
17:28 @EnsignH: can you show me your setup | Manager symbol list. Go to the setup form and press CTRL-J so I can see your list in this chat room.
Std Dev on draw line and linear regression line
17:40 @EnsignH: now that 11-03 is available, I can spend another minute showing you one small change. For a regular draw line and a linear regression line, we have had property options to add a standard deviation channel and/or a percent channel.
17:41 @EnsignH: some requested ability to have 2 std dev channels simultaneously. This can be done now. ..... we added a 2nd check box by the Std Dev property that when checked will add a 2nd channel at twice the entered parameter. ame thing of a 2nd check box by the Percent channel to add a 2nd channel at twice the percent property.
Refresh
17:41 fl: I must use refresh on my min charts as I use studies that depend on accuracy, without a refresh the studies are not accurate . it would be very helpful to have this automated, please. I find that I loose ticks from time to time and I always do a refresh.( e signal)... can this be automated to happen every few min.
17:38 @EnsignH: refresh of ticks is very burden intensive for them and for Internet bandwidth, so it should be used sparingly
17:46 @EnsignH: fl, the data you collect should have updated the min charts. You would have to be dropping ticks for there to be any difference between collected and refreshed intra-day bars. And since most studies are based on a single price of a bar, such as the close price, and as such, it is only the close tick that you would have to drop to see any difference.
17:49 fl: then how do I avoid dropping ticks? I am using 2 Ensign programs 1 on dsl and one on cable with up to the minute comp, and I still miss ticks so do others.... I always have to do a refresh. you can use all the lines studies you want but with out all the data they are not to helpful to maintain consistency in taking signals that have been backtested.
17:50 @EnsignH: Ask esignal engineering why that might be and they may know more than I do about it. Where you have two different connections, you may well be connected to two different servers, and the difference might be which server you connect to and not that you dropped ticks. Personally, it is my opinion you are giving too much emphasis to the importance of ticks..... if you have ever been to the open outcry pits, it is chaos and what ends up on the data feed in my opinion is only a sample of what is called out by the person watching the pit. There are trades going on simultaneously at different parts of the pit, and occasionally different parts of the pit are diverging from each other and a whistle is blown to get them to resync at a common price. What ends up as a feed is what is manually called out and typed in and I am sure that does not represent all trades. A system should be statistically valid with or without any specific tick
17:55 fl: yes I spent many years as a floor broker but if I use the break of a parabolic or volatility line for an entry signal in order to maintain flawless execution and the missing ticks screw up these lines it is a real pain.
17:56 @EnsignH: ok, you would know best, but I still think that at times some missed ticks would be beneficial and other times a penalty, and in the long run it all washes out into trivial significance. One other idea comes to mind, on both systems check the chart property using CTRL-P keys and see if they both have the Spike Filter unchecked. This way Ensign would not potentially be throwing out a spike tick that looks questionable.
17:59 @EnsignH: one other test you might do is this to compare. On both open a quote page with the symbol showing you want to compare. double click on a quote page column header and select T-Counter. This will show a tick counter column that will increment with each tick while this quote row is showing. Try to open both at the same time and then watch whether one system counts up more quickly than another over a period of time.
17:59 fl: if you have a statistically valid backtested method that is based on certain action and that action is corrupted by a missed tick than your method can not be flawless I trade many mkt at the same time ....a simple automated refresh would be very helpful. I also help others and when our studies don't match it is a real pain and frustrating.
8:02 @EnsignH: often times the difference in study comparison is for studies that have exponential averages involved. Then the average calculation is highly dependant on the number of bars in the chart file because an exponential average has some residual value from every bar in the current answer.
18:02 fl: an automated refresh would be helpful . I know the difference with exponential stuff... if it was based on exponential a refresh would not change an individual screen
18:06 @EnsignH: Thanks everyone for attending our class today.... have a good week trading.
18:06 @EnsignH: bye
18:06 cmtrade: thank you Howard
18:06 fl: I would like to have the ability to have an automatic refresh, if you would like to add it to the program it would be nice. I would like to be able to choose the number of min between refreshing.
18:07 @EnsignH: fl you can do this. We have in the program a Scheduler and it has multiple rows for time entries. Some entries that are just the minutes will execute hourly at that same time. An entry of :05 would trigger every hour at 5 min past the hour. You could set up several entries, such as :10 and :20 and :30 on different lines in the scheduler
18:09 fl: would like it at least every 3 to 5 min can that be done
18:09 @EnsignH: no - ok scrap that idea
18:09 @EnsignH: use ESPL to put a study on a chart. Are you charts 3 min charts?
18:10 fl: yes
18:10 @EnsignH: ok, have the study be a close only study and all the study does is click the charts refresh button. Off the top of my head the code would probably be just this
begin
mnuChartsToday.Click;
end;
18:12 @EnsignH: so open the ESPL script editor, and type in those 3 lines and save as a file such as Refresh. click the Run button. now close the ESPL editor. On a chart you want to refresh, add the espl study by clicking button RUN and ESPL button 51. After adding the study go to the study property form for ESPL 51 and be sure the Close Only box is checked and check the Use as Default button so the Close Only is checked when you add this study to other charts. It should at the bar close request a 3 min refresh for today. If this starts to slow you down, as I think it will, you can remove the ESPL study from the chart to stop the auto refresh request.