Might be an old thread but still, would like to thank you guys for figuring things out. Someone in another forum was recently promoting this Ablesys, saying it is very a profitable system created by some Chinese guy living in California, and we can make back the fees with just 1 week of trading, which sounds too good to be true to me...

I am now experimenting with various settings on the shared indicators. Once again, thank you guys.

fido 

The QQE indicator can be downloaded from this thread : Has anyone ever heard of eminisniper.com? Trader12, if you look up the book from Constance Brown, Technical Analysis for the Trading Professional....she uses the indicator not as a crossover of zero line but when set to 14.5.3.9 she looks for divergence and a slope directional change. By itself … I have had a few questions about the BigMo indicator so let me just clarify. The BigMo is just a HMA 89 ... only difference is that the BigMo changes color with the slope. I should probably have removed it from the chart to avoid any misunderstandings.

tradermark2009 

Fido...you are correct about Able...the color bars are based on a 10 EMA moving average coloring...using +/_ slope of that EMA to color the bars. The rest of the system is based on stops of the ATR. They use a 2 and 4 ATR, and trigger on a 4 ATR for a reversal, then wait and take the next pullback to the 2 ATR then enter in the first green color bar for a long, and a red for a short. Stop follows the 2 atr by a tick of 2. Use the tick or range bars that meets your $$ mgt. of 1.0 to 1.5 lost per trading account. Hope that helps, instead of spending 280 for 6 months like I did 4-5 years ago. I like to use a higher time frame of 2.5 to 3 to trigger the entry vs. the 4 ATR...but it is really the same, just a little tighter.

Great thread. I was looking at this and would never spend $3000-$4000. Glad you all debunked it. Looks like the Supertrend indicator is a useful indicator so I’ll try to find it in the downloads. Thank You.

Silvester17 

if I'm not mistaken, asc trend is about the same thing like able trend: a similar version can be found here: Download: tsipeASCTrend's for Ninjatrader 7 Hey guys..this is my attempt to create the famous ASCTrend indicator. What i've done is get the asctrend1 and asctrend2 that i've found somewhere on the net, and applied the igor methodologies on them and maybe a tweak or two ;) ! i hope you like it, … personqualitiedx

Silvester17 is correct. I found them an excellent match.

longboat 

Silvester17 is correct. I found them an excellent match.

What’s the interpretation of the red and blue dot structure?

Dot color has to line up with the bar color. They use the dots as stops 2 levels back and trail. They say best applied to a 5min or 3min chart. Dots come from a longer term time frame 3X the entry chart.

Oriole 

Great thread. I was looking at this and would never spend $3000-$4000. Glad you all debunked it. Looks like the Supertrend indicator is a useful indicator so I’ll try to find it in the downloads. Thank You.

It's supposed to be used as a STOP LOSS method similar to the PAR SAR, but people end up using it as a trending indicator and get completely spanked when the market chops. If you do decide to use this indicator, make sure you are able to identify chop or you'll get crushed.

longboat 

Dots come from a longer term time frame 3X the entry chart.

I'm also calling BS on the 3x timeframe because this would be logically impossible if it was really using a higher MTF to chart the dots.

A guy in another forum duplicated Able Sys in 30 minutes on thinkorswim - its not rocket surgery

I looked at this software a few years ago. If you get sample charts from AbleSys, you will find that each chart is optimized with DIFFERENT settings even on the same timeframe to make it look good. Keep well away and don't waste your money!!

Agree, I eliminated this system too.

I just finished a 30 day trial of Ablesys. I was not impressed-even with their "15% discount" if you purchased during the trial which came to about $5,800.00. It looked to me like too much risk on a lot of trade setups and the goal post kept moving. When they did a nightly recap they would say one thing but the charts showed another. Another website Serenity Trading where the guy is friends with the salesperson from Able uses a totally different setup with longer term support and resistance shown. While he claims to trade the system there are a number of trade setups he will not take if they do not pass muster on the higher timeframe. Able specifies a 1, 2, and 3 min chart. Serenity uses 1,2,3, and 15 then has another chart with a 3 and 9 minute. Lastly, there is no written documentation with the Ablesys software. They want you to watch their videos which again sometimes deviate from what your charts would show during the same timeframe.