I am new to the forum, so pardon my ignorance. I just watched your webinar and have gone through some of the posting, and appreciate the time that you have put into sharing this information.
I do not use Ninjatrader, however, and wonder if you are aware of your indicators being available for the Tradestation or Think or Swim platforms? If not, would it be difficult in your opinion to recreate the system from scratch in another platform?
In your TWS type "eur "on the underlying column. ( without the " ")
A choice menu is now opening.
In the menu, under "European Monetary Union euro- IDEALPRO" chose "futures" -> "december" -> "2011"
This open a new menu. Chose 6EZ1 GLOBEX.
You have now the current 6E december contract loaded in your tws.
I hope it helps.
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I just don't have the time right now to go through the whole thread, but will do so as soon as I can. So it would be interesting and motivational to hear the real results of real traders before I fully immerse myself into the world of Perry 's Platform.
In the webinar Perry mentioned a 90 to 100 % win strike rate which really perked up my interest! Has that been your experience? Thank you Perry and fellow traders!
This question has been asked and unanswered many times. I reluctantly put myself up as a straw man to draw out some direct commentary on trader's experience, and offer mine. But first kudo's to Perry, his system, and his unwavering patience in sharing, supporting, and following up each and every question and request for support.
-Some folks have reported the ability to hit 80 to 90% entry efficiency. But don't confuse that with 80 to 90% profitability.
-Perry's system has enabled me and many others to 'see' price action better using his combination of moving averages.
-The basis paradigm is solid, the visuals great, and Perry's trading advice invaluable.
-There is more discretion involved that meets the eye. Several people have attempted automating the very straightforward mechanized ruleset, but have not been able to return a profitable strategy. More of the discretionary features are being identified daily. Maybe the BOT contest will draw out a few strategies.
-Without good money management 90% entry efficiency does not equate to 90% profitability, even when going for small targets as advised.
-Alot of the tweaking of indicators has detracted from the basic paradigm and ability to see the price action on the chart.
I am not profitable overall with the system, but much of that are my own personal foibles regarding following rules and taking losses. But I remain encouraged and continue to work with one of the most promising discretionary systems I have seen.
Can fellow traders please chime in too, with whether they are profitable or not, using this system?
PS @MrBean Go thru the webinar and thread. It will affect your trading positively overall.
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It is a great method for my purposes and as rpm123 alluded to along with myself on the main webinar thread, the determining factor of whether any method is successful is the person executing and what path they’ve followed to finally get there.
I believe Perry’s win rate is due to a great method as well as the discretion, experience, and discipline that he brings. The system works well for me, but I came about it having gone down my own dark paths of trial and error of sloppy, self-taught systems, but what I've learned (and continue to learn) through that process has been invaluable.
Had I started using this method (or any promising method) at the outset, I doubt that I would have had the ‘internals’ to be successful since I trade very differently now.
At any rate, when the person is ready, Perry’s method will be waiting halfway and should allow the individual to be successful.
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