Has anyone bought this indicator (www.autotraderninja.com) -- banned on BMT | Trading Reviews and Vendors


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Has anyone bought this indicator (www.autotraderninja.com) -- banned on BMT

  #40 (permalink)

Elite Member
Ashburn, VA
 
Futures Experience: Beginner
Platform: Tradestation, Ninjatrader
Favorite Futures: NQ and YM
 
tracer888's Avatar
 
Posts: 56 since Feb 2014
Thanks: 24 given, 50 received

I have this system, it's pretty decent, does come with automation for a monthly fee.

The lines look to be similar to the 4 and 9 tenkensan and kijun so I guess you could almost call it as successful as an ichimoku based system can be.

If you overlay ichimoku on it and filter out some of the crossings (they're doing TK crosses and jumps off the 50 and 200) then you can do good with it. Just like ichimoku it has an eerie way of calling targets, it's really actually stunning. I personally use the proplus version that allows you to use ATR stops and targets vs the standard ones.

Definitely not a holy grail system but really not bad.

-Chris


trendisyourfriend View Post
I don't believe in these simple systems for the reason that you need to take into consideration the context and by the time the context has been figured out you don't need these systems. However, you can learn something in testing these systems.

A very similar system (free) from Netpicks:


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