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Perrys Trading Platform

  #191 (permalink)
 
ZTR's Avatar
 ZTR 
 
Experience: Advanced
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Zondor had the same problem earlier with the New McClellan Ocs. He could not delete it even after shutting down NT. Seems it was still held somehow by the system. PM him, he got it fixed.

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  #192 (permalink)
 
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 perryg 
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pedroxp View Post
Hello Perry
Very interesting thread! This system finally give me some credit to post a reply. Looks really great. I'm posting a pic for 6E today, I think it needs better money management rules.
What you recommend for take profit and SL, any suggestions?

Pedroxp,

I am glad you have found use for this system. Regarding how to trade. I have found that if you start with a 2 contract trade, then place your Stop loss 2 pips below the setup bar. After advancing 7 pips into the direction of the trade, move the SL to Break Even. After 10 pips into the trade take profit off from 1 contract. Then let the second contract be a free runner. You can set this type of trade setup using an ATM strategy.

I hope this helps

Perry

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  #193 (permalink)
 xevian 
Toronto
 
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perryg View Post
Pedroxp,

I am glad you have found use for this system. Regarding how to trade. I have found that if you start with a 2 contract trade, then place your Stop loss 2 pips below the setup bar. After advancing 7 pips into the direction of the trade, move the SL to Break Even. After 10 pips into the trade take profit off from 1 contract. Then let the second contract be a free runner. You can set this type of trade setup using an ATM strategy.

I hope this helps

Perry

I've tried to get the ATM strategy working in the DOM and can't get the trailing SL working; would someone please be kind enough to post pics of how the ATM strategy can be configured as per Perry's suggestion? Thanks.

  #194 (permalink)
 
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 perryg 
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xevian View Post
I've tried to get the ATM strategy working in the DOM and can't get the trailing SL working; would someone please be kind enough to post pics of how the ATM strategy can be configured as per Perry's suggestion? Thanks.

Attached you will see an example of an ATM.

In the one picture you can see the Stop Loss for each of the 2 contracts, and see that the first profit target is 10 pips for the first contract and then I just put another profit target of 17 for the second contract. Here you can leave it open if your want and let it be a runner.

In picture two, you have the Profit trigger, which makes the trades Break Even as soon as we reach 7 pips into the trade.

Thats all there is to it.

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  #195 (permalink)
 
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 Mindset 
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Perry

I wonder if you have a template from NT7 available?
thanks

  #196 (permalink)
 
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 perryg 
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Mindset View Post
Perry

I wonder if you have a template from NT7 available?
thanks

Sorry I do not trade NT7 yet. YOu whould be able to import all the indicators into NT7 without any problem. The system is really Price action more than ever.

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  #197 (permalink)
 
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 Mindset 
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You're quite right - I just am unsure how you get force index and adx to plot like bars?
Mine go above and below a zero line.

  #198 (permalink)
 xevian 
Toronto
 
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perryg View Post
Attached you will see an example of an ATM.

In the one picture you can see the Stop Loss for each of the 2 contracts, and see that the first profit target is 10 pips for the first contract and then I just put another profit target of 17 for the second contract. Here you can leave it open if your want and let it be a runner.

In picture two, you have the Profit trigger, which makes the trades Break Even as soon as we reach 7 pips into the trade.

Thats all there is to it.

Thanks for the pics Perry, I now see where I was missising the Break Even settings.

  #199 (permalink)
 
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 perryg 
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Mindset View Post
You're quite right - I just am unsure how you get force index and adx to plot like bars?
Mine go above and below a zero line.

Mindset,

Make the Dash Style = DASH
Plot Style = HASH
Width = 90

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  #200 (permalink)
 wgreenie 
Cambridge, Ontario
 
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xevian View Post
I've tried to get the ATM strategy working in the DOM and can't get the trailing SL working; would someone please be kind enough to post pics of how the ATM strategy can be configured as per Perry's suggestion? Thanks.

Hi Xev

In addition to Perry's swift response, you may find the following useful:

NinjaTrader Video Library | Mirus Futures

Beth

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Last Updated on November 5, 2011


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