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Perrys Trading Platform
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Perrys Trading Platform

  #101 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received

Thanks for all the information. I converted the DMplus to color dots on the 100 line and -100 line on my charts; Green -Trending, Yellow -Trend Ending and Gray - Chop. I'm still testing , but thanks again for your efforts.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Attached Thumbnails
Perrys Trading Platform-dmplusbar.png  
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  #102 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received

Looks interesting. After your tests let us know

 
  #103 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


Hi Perry

My trillion thanks again for sharing your system with us. This week I have been using Market Profile to identify both trend and strategy before using your set-up for entry. Since you removed SMA 40 from the revised set-ups (I still have it on my chart to safeguard taking any counter-trend trades), I've modified the entry requirement a little bit. For example, go long when it's not below the black line though it has to be either flat or pointing up.

Regarding the ADX indicator on Panel 3, I notice it's conflicting with the top left TEXT "Trade" when it's red (weak momentum) occasionally. Will you suggest waiting for 100% alignment (ADX must be green) or go ahead with a trade when other indicators align?! For my sim-trading practice, I waited for an ADX green most of the time though I do have doubt about it. Appreciate your idea. Thanks.

Have a Relaxing weekend.

Beth

 
  #104 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


wgreenie View Post
Hi Perry

My trillion thanks again for sharing your system with us. This week I have been using Market Profile to identify both trend and strategy before using your set-up for entry. Since you removed SMA 40 from the revised set-ups (I still have it on my chart to safeguard taking any counter-trend trades), I've modified the entry requirement a little bit. For example, go long when it's not below the black line though it has to be either flat or pointing up.

Regarding the ADX indicator on Panel 3, I notice it's conflicting with the top left TEXT "Trade" when it's red (weak momentum) occasionally. Will you suggest waiting for 100% alignment (ADX must be green) or go ahead with a trade when other indicators align?! For my sim-trading practice, I waited for an ADX green most of the time though I do have doubt about it. Appreciate your idea. Thanks.

Have a Relaxing weekend.

Beth

Just my 2 cents worth...

Everyone tries to get confirmation from as many indicators as possible but there are limits, at some point it becomes detrimental.

If you are trading on a 3 minute chart and it takes you 5 minutes to make a decision, even if you are right 100% of the time, it is conterproductive .

If you filter out more good trades than bad trades it is counterproductive.

If you get conflicting signals and you hesitate or second guess yourself, it may be time to streamline your indicator list.

Over the years the one thing that has worked consistently for me is keeping statistics on every trade . After accumulating YOUR data, you can then see what works FOR YOU and the way YOU trade.


I hope this was helpful. Like I said , just my 2 cents worth. (Did I mention I am old decrepit and babble a lot about trading?)

This is from May 2006.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Attached Files
Register to download File Type: xls May 2006.xls (22.5 KB, 494 views)
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  #105 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received


wgreenie View Post
Hi Perry

My trillion thanks again for sharing your system with us. This week I have been using Market Profile to identify both trend and strategy before using your set-up for entry. Since you removed SMA 40 from the revised set-ups (I still have it on my chart to safeguard taking any counter-trend trades), I've modified the entry requirement a little bit. For example, go long when it's not below the black line though it has to be either flat or pointing up.

Regarding the ADX indicator on Panel 3, I notice it's conflicting with the top left TEXT "Trade" when it's red (weak momentum) occasionally. Will you suggest waiting for 100% alignment (ADX must be green) or go ahead with a trade when other indicators align?! For my sim-trading practice, I waited for an ADX green most of the time though I do have doubt about it. Appreciate your idea. Thanks.

Have a Relaxing weekend.

Beth

Beth,

You are absolutely correct in noticing that the ADX Green sometimes kicks in a bar or two later than the others. Your leads must first come from the PRICE ACTION, then the Force Index (panel 1) is pretty accurate, and then the ADX. I sometime enter without the ADX being green. As I also explained, the Green is showing that mometum is in the direction of the candle, Red is showing a dwindling of momentum. Red does not mean SHort.

Let me know how you trades are doing on Sim

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  #106 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


ThatManFromTexas View Post
Over the years the one thing that has worked consistently for me is keeping statistics on every trade . After accumulating YOUR data, you can then see what works FOR YOU and the way YOU trade.

I hope this was helpful. Like I said , just my 2 cents worth.

Hi ThatManFromTexas

You're sharing MORE than just 2 cents worth!! Tons of great ideas (+ wisdom) in your swift response to my sos .. smile ..

I used to have a daily journal capturing my trading lessons (do and don't). Now have them on a thread incl mapping out my next move etc. It's extremely useful like you said and suggested. Thank you.

I also love your 3 IFs!! Time to review my indicators list (still working on the finalized one)!

Beth

 
  #107 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


perryg View Post
... Green is showing that mometum is in the direction of the candle, Red is showing a dwindling of momentum. Red does not mean SHort.

Let me know how you trades are doing on Sim

Thanks Perry for the clarification. I think I now get it .. haha .. It's not what's going to to happen LOL!

For the past week (Mon to Thu mornings), it's a Green sim week .. smile .. I did not trade Fri and did review/research instead. Your sharing helps Perry! Thank you.

Beth

 
  #108 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


wgreenie View Post
Hi ThatManFromTexas

You're sharing MORE than just 2 cents worth!! Tons of great ideas (+ wisdom) in your swift response to my sos .. smile ..

I used to have a daily journal capturing my trading lessons (do and don't). Now have them on a thread incl mapping out my next move etc. It's extremely useful like you said and suggested. Thank you.

I also love your 3 IFs!! Time to review my indicators list (still working on the finalized one)!

Beth

I never kept a journal, just Excel spread sheets of every trade. If you record what the results were if (1) You waited until ADX Turned Green(2) You didn't wait, on each trade, after a period of time you could crunch the numbers and see which had the highest win percentage, which method made the most money, etc. Then you could decide which method worked best for you.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
The following 2 users say Thank You to ThatManFromTexas for this post:
 
  #109 (permalink)
Elite Member
Jeddah
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: GFETC/ESignal
Favorite Futures: ES
 
Posts: 14 since Nov 2009
Thanks: 54 given, 18 received

A million thanks for sharing this awesome setup, PerryG!
I've attached my chart and wanted to know if I identified the setup bars correctly, I've marked them with green arrows for long and red arrows for shorts. Really appreciate your guidance.

Attached Thumbnails
Perrys Trading Platform-4r.jpg  
 
  #110 (permalink)
Elite Member
Rechovot
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CQG
Favorite Futures: Index,Currency and Energy futures
 
perryg's Avatar
 
Posts: 1,703 since Jan 2010
Thanks: 504 given, 6,262 received



famed View Post
A million thanks for sharing this awesome setup, PerryG!
I've attached my chart and wanted to know if I identified the setup bars correctly, I've marked them with green arrows for long and red arrows for shorts. Really appreciate your guidance.

I have attached your chart, with a number of comments. Some of your setup bars are correct in hindsight, but when you are trading in realtime, you will not see the upturn of the Red/Blue line, so it is better to take the trades where I have marked them. Hope this helps

Attached Thumbnails
Perrys Trading Platform-famed.png  
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