Anybody know anything about the "MEJT" system? - futures io
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Anybody know anything about the "MEJT" system?


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Anybody know anything about the "MEJT" system?

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  #1 (permalink)
 podowitz 
Atlanta, GA
 
Experience: Beginner
Platform: Ninja Trader
Trading: es
 
Posts: 54 since Feb 2012
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Jeffrey Tennant, MD has penned a book titled "The MEJT System," which purports to set rules for validating morning and afternoon trends based on the price action of specific 5-minute bars at specific times of day, specifically and only for the ES. Has anybody come across this book (or system) and read it? If so, any thoughts on what he proposes? General protestations of skepticism (like my own) aside, please, any specific response?

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 jrjoe 
Portland, Oregon
 
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I would like to have this programmed for NinjaTrader 7. The code for Trade Station is readily available. If you can transcribe the T S code to NT 7..please respond.

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 WOW CO 
Toronto, Canada
 
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jrjoe View Post
I would like to have this programmed for NinjaTrader 7. The code for Trade Station is readily available. If you can transcribe the T S code to NT 7..please respond.

Maybe try posting here in the 'Want your ninjatrader indicator created free"? thread.


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 hankok 
Santa Clara CA
 
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I've read the book and found the system hard to be any of practical use without combine with another trend reversal strategy.

The MEJT system has a clear set of rules that when the specific MEJT 3-bar action predicting the rally/decline will happen but there's no target for that move. Also it provides rules that predict the rally / decline will fade under certain conditions.

The author claims that most traders have to profit from fading the failed rally /declines - however, any there's no rules for you to identify the rally / decline will reverse, so you don't know when to enter unless you combine with your own trend reversal analysis. The targets for this kind of fading trades are the MEJT bars. This is the only thing I find might be some useful. also it seems that MEJT bars as the S/R level works.

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