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Perrys Trading Platform
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Perrys Trading Platform

  #401 (permalink)
Elite Member
Mississauga
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: ES
 
Posts: 15 since Jun 2010
Thanks: 1 given, 0 received

can you help me to setup the Strategy on the charts.
Dilson

 
  #402 (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


Ro12 View Post
Perry and all other contributors to this thread thank you.

I have read the entire thread and believe I understand all the rules... next week I will go live trading and post my results. Thanks again.

I suggest you SIM trade for a while before going live.

 
  #403 (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



dilson View Post
can you help me to setup the Strategy on the charts.
Dilson

Hi Dilson

To set up a strategy, I recommend your going through the NJ Help Guide, ie press F1 and type strategy in the Search field. For example, the following are extremely important else you will get unexpected surprises:

5. Setting Real-Time Strategy Options
6. Running a NinjaScript Strategy from a Chart
7. Running a NinjaScript Strategy from Strategies Tab
17. Close at Time
20. Strategies Tab
26. Strategy Position VS Account Position

+ more .. You have to go through the list and choose the areas of interest.

For any additional information and assistance, please email NJ at support@NinjaTrader.com.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
Attached Thumbnails
Perrys Trading Platform-strategy-running.jpg  
 
  #404 (permalink)
Elite Member
Kansas City, MO
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 36 since Jul 2010
Thanks: 494 given, 10 received

Hi Perry. I think I am going to try your system on either YM or NQ. Since the ticks on those are $5 each and there is alot more tick movement, would you change your range from a 4 tick range to an 8 tick range on those instruments? Also, what would your SL and PT be on those? Thanks for your help!

Gary

 
  #405 (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


mizzoutrader View Post
Hi Perry. I think I am going to try your system on either YM or NQ. Since the ticks on those are $5 each and there is alot more tick movement, would you change your range from a 4 tick range to an 8 tick range on those instruments? Also, what would your SL and PT be on those? Thanks for your help!

Gary

My method of trading has got nothing to do with the size of the Range bar as it will work on any size range bar as well as Time bars, Ticks etc. The size of the Range bar you choose is really in accordance of your money mangement. Larger range bars you will need bigger Stops, which is up to each individual and his trading account. If you feel that you can tolerate a bigger SL and a bigger Profit target, then it is solely your decision.

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  #406 (permalink)
Elite Member
Kansas City, MO
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 36 since Jul 2010
Thanks: 494 given, 10 received

Hi Perry. I really appreciate all of the great information you have shared in this thread. I have read through the thread twice now, and still have some confusion on one point in the basic trade setup (obviously I am a bit slow). In Method 1, it is my understanding that the EMA 5 line must be going up (for a long) 2 bars prior to the setup bar. Said another way, if you count the setup bar, the EMA 5 will be going up 3 bars (2 bars before and the setup bar itself) when you enter the trade. Sorry to belabor the point, but my understanding of this changed while rereading the thread last night. Please let me know if my current understanding is correct. Thanks.

Gary

 
  #407 (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


mizzoutrader View Post
Hi Perry. I really appreciate all of the great information you have shared in this thread. I have read through the thread twice now, and still have some confusion on one point in the basic trade setup (obviously I am a bit slow). In Method 1, it is my understanding that the EMA 5 line must be going up (for a long) 2 bars prior to the setup bar. Said another way, if you count the setup bar, the EMA 5 will be going up 3 bars (2 bars before and the setup bar itself) when you enter the trade. Sorry to belabor the point, but my understanding of this changed while rereading the thread last night. Please let me know if my current understanding is correct. Thanks.

Gary

The EMA has turned UP a minimum of 2 seccessive bars as of Setup bar, that is to say the setup bar is included in the count

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  #408 (permalink)
Elite Member
Kansas City, MO
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 36 since Jul 2010
Thanks: 494 given, 10 received

Thanks Perry. I guess I was right the first time. Thanks for the fast response.

Gary

 
  #409 (permalink)
Elite Member
USA
 
Futures Experience: Intermediate
Platform: Infinity
Broker/Data: Infinity
Favorite Futures: ES, Euro
 
tickvix's Avatar
 
Posts: 232 since Feb 2010
Thanks: 137 given, 153 received

Question for the Method 1


perryg View Post
ENTRY RULES:

ONLY TRADE IN THE DIRECTION OF THE EMA(20). Never try anything else. This will keep you in the money and sane, with no stress.

Trading Method 1:

Long Entries:

1. The EMA(20) - the coloured line - must be going UP. Colour = BLUE

2. The EMA(5) - the black line - must have gone UP at least 2 Bars or more.

3. The Setup bar LOW must be LESS than or touching the EMA(5) and the Setup bar HIGH must be greater than the EMA(20).

4. From the Setup bar, count 5 bars backwards including the setup bar.

5. ENTER the trade 1 tick/pip above the Highest High of the 5 bars.

6. Confirm that ForceIndex = BLUE


SHORT Entries:

1. The EMA(20) - the coloured line - must be going DOWN. Colour = RED

2. The EMA(5) - the black line - must have gone DOWN at least 2 Bars or more.

3. The Setup bar HIGH must be GREATER than or touching the EMA(5) and the Setup bar LOW must be less than the EMA(20).

4. From the Setup bar, count 5 bars backwards including the setup bar.

5. ENTER the trade 1 tick/pip below the Lowest Low of the 5 bars.

6. Confirm that ForceIndex = RED



To start out I would recommend using a 2 or 3 range chart because your stops can be very small. I would then recommend trading 2 contracts, with a proft target of 4 ticks for the first contract, and a 8 tick profit for the second contract. A total of 12. Your SL can then be 4 ticks. When the first target is reached, put SL to BE less 2 ticks. All this can be put into an ATM strategy. A trade like this can give you $150. A few of these a day can be good trading. Later on if your account grows you can put 4 or 6 contracts, and take less trades.


Perry

When able would you please let me know in the Method 1 for the long.
Do I have to have two bars to close above 5 EMA, or may I count first bar to cross and close above 5 EMA and 2nd to clear 5 EMA at that time 5 EMA should be pointing up. From that point I can start to calculate five bars to the left and look for the highest High to place my buy order. Am I right?
I think I'm not clear since looking on your chart on page 8 going long you have your order at the red line a bit lower then the Highest High of the last five bars.

Just to make sure I'm clear to what I'm asking. Short at 8:58AM EST @1.2999 did I take it correctly?


Thank you
TickVix/Gregory


Last edited by tickvix; August 11th, 2010 at 10:11 AM.
 
  #410 (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



tickvix View Post
Perry

When able would you please let me know in the Method 1 for the long.
Do I have to have two bars to close above 5 EMA, or may I count first bar to cross and close above 5 EMA and 2nd to clear 5 EMA at that time 5 EMA should be pointing up. From that point I can start to calculate five bars to the left and look for the highest High to place my buy order. Am I right?
I think I'm not clear since looking on your chart on page 8 going long you have your order at the red line a bit lower then the Highest High of the last five bars.

Just to make sure I'm clear to what I'm asking. Short at 8:58AM EST @1.2999 did I take it correctly?


Thank you
TickVix/Gregory

You do not have to have 2 bars above the 5 EMA. The EMA 5 must have gone UP at least 2 Bars or more, that is the condition. Then use condition 3, 4, and 5

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