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VanKar (previously FT71 but no longer)
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VanKar (previously FT71 but no longer)

  #31 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: Dont know yet
Favorite Futures: ES
 
Posts: 61 since May 2012
Thanks: 21 given, 26 received

How to replicate FT71's works in Ninjatrader

I joined forum after searching infos on FT71. I am learning to day trade futures to fire my boss some day. I wanna follow FT71 method but still unsure whether I should just subscribe to IRT straight away while i m still learning and demo trade his method (my concern is the high cost of IRT n data while i m still learning and havent made any profit yet). Can anyone tell me whether I can use Ninjatrader with Gomi MP indicator or the pack from Ranko Dinero to replicate FT71 works in Ninjatrader to learn the method and save the cost first?
Hope to have your opinions. Thanks alot

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  #32 (permalink)
Trading Apprentice
Streamwood, IL USA
 
Futures Experience: Beginner
Platform: Investor RT, TDA, VanKar
Broker/Data: VanKar/IQ Feed
Favorite Futures: Futures
 
RiverRat's Avatar
 
Posts: 11 since Jul 2012
Thanks: 9 given, 12 received

Where to focus time and money.

I am learning to day trade futures to fire my boss some day. I wanna follow FT71 method but still unsure whether I should just subscribe to IRT straight away while i m still learning and demo trade his method (my concern is the high cost of IRT n data while i m still learning and havent made any profit yet).


I know what you mean. I am new too. I've spent the better part of the last 2 weeks working through the setup of Investor/RT, IQFeed and E-Cry thorough VanKar. I don't know anything yet, so take my advice for what it's worth. From what I can tell so far, you can't match up FT71s methodology about decision making without having his tools to do it. Plus they say you can use DTN for your historical data for $15 and MarketDelta for live information for free but the data from MarketDelta is not complete enough according to everyone I've talked to. That means $85 to $100 a month more. Even Investor/RT can't do it all unless you up to Pro for $80 a month. So you are spending a minimum of $165.00+ a month just to learn. If you stop buying pop and take your lunch to work that should cover the cost. That's how I'm looking at it. Right now I'm still learning from FT71s videos. I need to learn how to do the homework the way he teaches. I would first invest in learning his research methodology. I spent $130.00 yesterday to watch his videos. I feel like I'm on overload with information right now. That's on my agenda for today. Hope that helps.

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  #33 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: Dont know yet
Favorite Futures: ES
 
Posts: 61 since May 2012
Thanks: 21 given, 26 received



RiverRat View Post
I am learning to day trade futures to fire my boss some day. I wanna follow FT71 method but still unsure whether I should just subscribe to IRT straight away while i m still learning and demo trade his method (my concern is the high cost of IRT n data while i m still learning and havent made any profit yet).


I know what you mean. I am new too. I've spent the better part of the last 2 weeks working through the setup of Investor/RT, IQFeed and E-Cry thorough VanKar. I don't know anything yet, so take my advice for what it's worth. From what I can tell so far, you can't match up FT71s methodology about decision making without having his tools to do it. Plus they say you can use DTN for your historical data for $15 and MarketDelta for live information for free but the data from MarketDelta is not complete enough according to everyone I've talked to. That means $85 to $100 a month more. Even Investor/RT can't do it all unless you up to Pro for $80 a month. So you are spending a minimum of $165.00+ a month just to learn. If you stop buying pop and take your lunch to work that should cover the cost. That's how I'm looking at it. Right now I'm still learning from FT71s videos. I need to learn how to do the homework the way he teaches. I would first invest in learning his research methodology. I spent $130.00 yesterday to watch his videos. I feel like I'm on overload with information right now. That's on my agenda for today. Hope that helps.

Thanks for replying my message and your advice. I am in the process of opening an account with Vankar. Because I am living overseas, I need to open an account with Vision and use Rithmic data first (they said they can transfer my account to OEC in around 60-90 days after the compliance stuff is done). They said I can use IRT with DTNMA for historical data and Rithmic for real time data for free for starting. I only the IRT Profile version ($60) at first , so the cost is around $75/month including the DTNMA to get started. I know that IRT is quite essential for FT71 stuff but just wanna know if there is any alternative for Ninjatrader so that I can save that cost while still learning. The Ranko Dinero volume profile pack for Ninjatrader look quite good and can draw volume profile and replicate quite a lot of volume profile functionality in IRT. Right now, I am looking at it to see whether I can get started with it. If not, then I have to go with IRT
Thanks again for your kind reply

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  #34 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Sierra Chart has full profile features built-in for $25 a month.

NinjaTrader does not have profile built-in, but you can get several add-ons to do it, including Gomi's GomRecorder and GomMP, or AltoGomMP, and several others - which are free to Elite Members. There are also third party vendors selling tools.

A platform is a very personal thing. If you are new, you are probably trying to copy someone else's methodology as closely as you can (a common rookie mistake, which you would be wise to avoid). So if you want your charts to be exactly like FT's, you will want IRT.

Check out the Volume Profile thread for examples of multiple platforms:
https://futures.io/elite-circle/20727-volume-profile-vp-discussion.html

You will find why some people like Sierra, some like Ninja, some like MarketDelta, some like IRT, etc. It is a very personal thing that is directly related to how you trade. There is no single platform that works for everyone, you will need to find the one that meets your own requirements.

Do a search for GomMP and AltoGomMP to find the other tools I mentioned to answer your questions about NinjaTrader.

Either way, we should try to keep this thread focused solely on user experiences who have accounts at VanKar, so lets not let this stray too far into a platform or profile discussion (better threads for that).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #35 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


RiverRat View Post
Right now I'm still learning from FT71s videos. I need to learn how to do the homework the way he teaches. I would first invest in learning his research methodology. I spent $130.00 yesterday to watch his videos. I feel like I'm on overload with information right now. That's on my agenda for today. Hope that helps.

Be sure to watch the FT webinars on futures.io (formerly BMT). There are three, maybe four, I can't recall.

Trading Webinars, Trading Videos - Big Mike Trading Forum

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #36 (permalink)
Elite Member
Singapore
 
Futures Experience: Beginner
Platform: Dont know yet
Favorite Futures: ES
 
Posts: 61 since May 2012
Thanks: 21 given, 26 received


RiverRat View Post
I am learning to day trade futures to fire my boss some day. I wanna follow FT71 method but still unsure whether I should just subscribe to IRT straight away while i m still learning and demo trade his method (my concern is the high cost of IRT n data while i m still learning and havent made any profit yet).


I know what you mean. I am new too. I've spent the better part of the last 2 weeks working through the setup of Investor/RT, IQFeed and E-Cry thorough VanKar. I don't know anything yet, so take my advice for what it's worth. From what I can tell so far, you can't match up FT71s methodology about decision making without having his tools to do it. Plus they say you can use DTN for your historical data for $15 and MarketDelta for live information for free but the data from MarketDelta is not complete enough according to everyone I've talked to. That means $85 to $100 a month more. Even Investor/RT can't do it all unless you up to Pro for $80 a month. So you are spending a minimum of $165.00+ a month just to learn. If you stop buying pop and take your lunch to work that should cover the cost. That's how I'm looking at it. Right now I'm still learning from FT71s videos. I need to learn how to do the homework the way he teaches. I would first invest in learning his research methodology. I spent $130.00 yesterday to watch his videos. I feel like I'm on overload with information right now. That's on my agenda for today. Hope that helps.


Big Mike View Post
Sierra Chart has full profile features built-in for $25 a month.

NinjaTrader does not have profile built-in, but you can get several add-ons to do it, including Gomi's GomRecorder and GomMP, or AltoGomMP, and several others - which are free to Elite Members. There are also third party vendors selling tools.

A platform is a very personal thing. If you are new, you are probably trying to copy someone else's methodology as closely as you can (a common rookie mistake, which you would be wise to avoid). So if you want your charts to be exactly like FT's, you will want IRT.

Check out the Volume Profile thread for examples of multiple platforms:
https://futures.io/elite-circle/20727-volume-profile-vp-discussion.html

You will find why some people like Sierra, some like Ninja, some like MarketDelta, some like IRT, etc. It is a very personal thing that is directly related to how you trade. There is no single platform that works for everyone, you will need to find the one that meets your own requirements.

Do a search for GomMP and AltoGomMP to find the other tools I mentioned to answer your questions about NinjaTrader.

Either way, we should try to keep this thread focused solely on user experiences who have accounts at VanKar, so lets not let this stray too far into a platform or profile discussion (better threads for that).

Mike

Thanks, Mike for you advice and information. I will look into your suggested threads for the volume profile stuff. Thanks

Reply With Quote
 
  #37 (permalink)
Trading Apprentice
Streamwood, IL USA
 
Futures Experience: Beginner
Platform: Investor RT, TDA, VanKar
Broker/Data: VanKar/IQ Feed
Favorite Futures: Futures
 
RiverRat's Avatar
 
Posts: 11 since Jul 2012
Thanks: 9 given, 12 received


Big Mike View Post
Be sure to watch the FT webinars on futures.io (formerly BMT). There are three, maybe four, I can't recall.

Trading Webinars, Trading Videos - Big Mike Trading Forum

Mike

Thanks Mike. The videos were very good on your site with FT71. The videos on FT71's site are good too. Not only the training videos but the blog videos too. I think what I like about FT71's methodology is it's similar to what I was doing with stocks. With stocks I couldn't earn enough money. That's why I switched to Futures. The other daunting task is learning Investor/RT Software. It's been a little over a week now and I'm just starting to figure it out a little. I am seeing the same patterns I looked for before in a whole new light using volume profiling. In my opinion FT71's layouts really simplify a lot of information to make me feel more confident about my entry and exit. It's still going to take more time before I ready to say I'm confident with the change but it is coming very quickly. Thanks again!

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The following user says Thank You to RiverRat for this post:
 
  #38 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Recent trader intervention from FT71

VanKar Trading | 2012-12-20 Trader Spotlight - Jodie

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #39 (permalink)
Student Of The Markets
New York
 
Futures Experience: Intermediate
Platform: Sierra Charts, TOS
Favorite Futures: E-mini S&P 500
 
Posts: 753 since Aug 2010
Thanks: 448 given, 433 received


Big Mike View Post
Recent trader intervention from FT71

VanKar Trading | 2012-12-20 Trader Spotlight - Jodie

Mike

Thanks for sharing this video Mike. I learned a few things about myself and psychology from watching this video. It appears to be a common trait in most of us.

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The following user says Thank You to itrade2win for this post:
 
  #40 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


Does anyone have a link to the intervention he mentioned in a few times in this video? I can't remember the traders name, sorry, but it was a guy he mentioned a couple of times during this video.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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