You don't have to pay for data unless you want to...........some brokers supply data free.......like Amp Futures gives you Zen-Fire free..........it's nice unfiltered data..........just so you know........other brokers might do the same thing.
The following user says Thank You to Jeff Castille for this post:
Thanks Jeff - for better or worse, I'm currently with IB, and as we all know, their R/T data leaves a bit to be desired. Jury is still out whether I bother switching since they have deep coverage security-wise (equities, futures, options, FX, etc.) rather than go with someone a bit more futures-centric. I also like the fact that I can trade using multiple "friends and family" accounts, but I'm sure others offer similar multi-account capabilities (I just haven't bothered checking yet).
At some point though, it all boils down to what I'll end up doing to "make money" vs. play with this or that strategy on this or that platform. My focus over the last year has changed considerably at least, due mostly in part to what I've learned here from BM, you (thanks again!), Perry and others. I don't have unlimited funds, and so after much internal debate, decided to purchase MC7 vs. NT7 to at least focus on a single platform. As a programmer of 25+ years, I was initially drawn to Ninja for it's C# flexibility/extensibility but as Mike as mentioned himself, I'd really rather focus on the trading aspect rather than trying to make Ninja do something "cool and exciting". I may still purchase a license for NT at some point, but for now, I've decided to stay focused on converting/analyzing the 3-5 strategies I have on hand and back/forward test those a few months before ever attempting to go live.
As this isn't my "day job" just yet, and I still have two kids to get through college, this (3-6 hour/day) "hobby" is in constant competition with "life" - my son just graduated from high school last week, so with visiting family and parties now past, I should have more time again to wrap my MC Perry code up. If it's OK with you, "Jeff's CCI" is #2 on my TODO (followed by "Three Set Ups").
The following 2 users say Thank You to Fu510n for this post:
Just remember that trading is a business and it is important to keep the COST of doing business as low as possible.....especially when you are first starting out. I think you did the right thing by picking a platform and buying the license outright rather than any recurring monthly expenses. ( one and done)
I suspect that this issue has been overly discussed, but is anyone else having an issue with the JeffsUniversalMovingAverage v1 "repainting" or drawing both a green and red line at a turning point (see screen shots below)? This seems to be an issue only when you set the calculate on bar close = false. Yes, I am using NT 7.......5.
I know that the JUMA can be replaced with something like the EMA Slope color (see screen shot below), but this can, at times, cause different signals if you follow Perry's rules closely.
Has anyone come up with a work around or have any idea how to change the code? I have done a search on futures.io (formerly BMT) and found a few threads where people have asked that the indicator be updated for NT7 and have had similar issues, but as far as I can tell, there has been no reply or fix. I certaintly could be wrong though, so I thought I would ask.
I will not post any indicators on this post as I am not sure if the JUMA is Elite or not, or even offered to futures.io (formerly BMT) members anymore.
Thanks for any input!
@perryg: Would you be willing to present a Webinar here on futures.io (formerly BMT)? I, for one would be very interested. Thanks for everything!
The following 3 users say Thank You to Affliction for this post:
Many would - I've asked him once or twice already, hopefully we'll have something to look forward to soon Feel free to encourage him!
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.
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The following 3 users say Thank You to Big Mike for this post:
Perry, do you agree people changed or added indicators to you method? or Do you stick with your original setting from beginning? since I found some adding indicators to your method from recent posts, I am confused which one I should pick, the original one or updated one(with adding new indicators)? thanks.
I applied the template in summary, the setting is different from your first post, and there is so many different versions of template, which one is the one you are using? I appreciate if you can post the template.
Last edited by supermht; June 18th, 2011 at 10:09 AM.