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Perrys Trading Platform
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Perrys Trading Platform

  #451 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
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grego View Post
Beth thanks for the info. one of the things i seem to struggle with is the taking the " right " trades and staying out of the Choppy sideways movement.

I had just started to get my head around the DM Plus indicator that Perry uses and my trade entry is starting to improve.
Now I read this info and was looking at the 14 period DM as opposed to Perry's 5 period and was hoping you could have a look at the attached chart and comment?

It appears to me that when the ADX is trending below 25 (on my attached chart) that price movement is in more of a trend and when the ADX trends up and crossses above 25 that the price is a little more choppy.

I note in the article you referred to, that when the DM+ or DM- is above 25 (on their examples) that there is more volitility and opportunity to trade.
You will see on my chart that although i have set my period to 14, both the DM+ and DM- spend most of their time above the 25 mark, so my chart doesn't reflect what their shows.

However I am more interested in your thoughts about my observation about the ADX being below 25 (on my chart) and indicating more of an opportunity to trade?
I'm not sure if I'm seeing something thats easy to see in retrospect or something I should investigate further?

As I said earlier, I am struggling to choose the " right" trades and filter out the chop and i think this may help me. Also it may allow me to stay in the trade longer as i also seem to have my second contract stopped out on pullbacks because I am still experimenting with appropriate stop levels for my trades.

Hope this ramble makes sense
Cheers Greg

Attachment 19049

Hi Greg

I personally think there're no systems that can capture everything 100%. Whether one SOH when

- ADX < 25 (red ADX label)
- Chop warning on the Top Left
- ADX thick orange
- ADX thick green above DM lines (End of Trend)
- Red DMplus

is his/her choice.

I remember Perry's tip to check if ADX thick orange line starts hooking up when most indicators align. If yes (and ADX is very close to 25), one may trade. How to keep the second contract in a trade esp during pullback? It really depends on your SL cushion and risk/reward expectation. For my 2-contract sim trades (4 Range TF), most of the second contract got stopped out as I adjusted the initial 6-tick SL to BE after a 4-tick move (first PT @4). After modifying it to -2 ticks, did stay in a trade longer yet had more -2 ticks losing trades for the second contract. I've switched to 15-RangeAlt timeframe last Wed and am doing 1-contract trades now, ie PT/SL @10/13 and no BE/trail. You can tell I'm still experimenting to find the combo that will meet my needs.

Since Perry is the creator of the thread incl sharing his amazing set ups with us, I'll strongly suggest your knocking at his door for advice/tips.

Happy Learning & Successful Trading!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
 
  #452 (permalink)
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mea109 View Post
Moderator Note
Our forums require English - you can write in both English and French, just put English at the top of the message. -- Big Mike



English:

Hello everyone
Hello Perry
thank you for all this work

here is an idea
adx adding 4 to define support / resistance
Heiken ashi and for the trend

ema 20 blue = up
Heiken ashi = green = up
FP = blue up

Mini 5 ticks

voila thank you all
good continuation

Moderator Note
And if you are not good at all in English: Outils linguistiques -- sam028



French:

bonjour a tous
bonjour Perry
merci pour tout ce travail

voici une petite idée
ajout adx 4 pour definir support/resistance
et heiken ashi pour le trend

ema 20 bleu =up
heiken ashi= green =up
FO bleu = up

pour mini 5 ticks


voila merci a tous
bonne continuation

I have never used Heiken Ashi bars, but if you find that your setup is good for you, and you are still able to use the entry as per Method 1, then go for it. The idea is to make succesful trades.

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  #453 (permalink)
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Hi Beth

thank you for your words of encouragement
and good luck to you as well

I'd be interested to know how you go with the longer time frame with your range bars when you have finished trialling it.

Like you I have been having problems with the 2nd contract being stopped out on a pullback at B/E
I am experimenting with a bigger trailling stop to give a bit more room for pullbacks that seem to be an inevatble part of any trend
Greg

 
  #454 (permalink)
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spx_tdr View Post
Hey emini - I have been trading this method for sometime now... and love it... Here is my particular set up which is as close as possible to their settings... The indicator in panel 4 is just a simplified d9particle which gives me good divergence reading which I like to look for in my trading.

hi ,which indicator is plotting the up/down arrow,if available link please,other thing is their arrows plotting is as two averages crosses,they are using something else,anybody knows what logic are they using?
thanks

 
  #455 (permalink)
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porpor1234 View Post
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  #456 (permalink)
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I'd like to clarify again that I used the strategy to enhance my understanding on Method 1. For example, the lime (Long) and orange (Short) arrows helped my visualizing Long and Short Set Up bars. Then I counted 5 bars (incl the Set Up one) to double-check the entry point which should be either 1 tick above or below the HH/LL. I only sim-ran the strategy for a few hours in total not counting the short tests to resolve the compilation myth.

I have no intention to sim-run the strategy or trade it live. For me, it's an education tool and I'm done with it. I have been manually spotting the signals and am currently sim-trading TF (15-RangeAlt) with PT/SL @10/13.

I'm very grateful for Perry's sharing and guidance. My warmest apologies to Perry for taking up his thread's "space" in addressing some automation issues. I'm also very sorry for the unexpected compilation issues that may have caused grievances on some of you!

That's why I emphasized many times that it's BETA LOL! Please bear in mind that it's written by one (me) who does not know the language.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #457 (permalink)
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Quoting 
I'd like to clarify again that I used the strategy to enhance my understanding on Method 1. For example, the lime (Long) and orange (Short) arrows helped my visualizing Long and Short Set Up bars. Then I counted 5 bars (incl the Set Up one) to double-check the entry point which should be either 1 tick above or below the HH/LL.

For me, it's an education tool and I'm done with it.

hey beth,
i think its a great way what you showed here : how to use the strategy-coding to make things completly clear.

if you have a system in mind + you try to bring it on paper with every nuances, its worth to try it with coding it as an indicator / strategy
- even if you dont want to automate it.

you can make it more visual + see if you have defined it clear enaugh ...... + not having some bad "thoughts" in it.

i do it the same way + i think its worth a lot for learning / education / diving really deep into it
- cause its not only in your mind (wich can fake you sometimes) but it has to be defined 100% clearly!

congrats, good job !

max-td
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  #458 (permalink)
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for some tradng-ideas/threads we created an aditional thread for the whole "auto-strategy - topics" as it came up one day, cause its a very own stuff beside the main trading-system.

maybe at this point perry could decide if he wishes to separete the strat- + coding-talks from his main trading-thread or not.

what do you think Perry !? let me know ! Its your place here !
Thanks

-

max-td
 
  #459 (permalink)
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max-td View Post
for some tradng-ideas/threads we created an aditional thread for the whole "auto-strategy - topics" as it came up one day, cause its a very own stuff beside the main trading-system.

maybe at this point perry could decide if he wishes to separete the strat- + coding-talks from his main trading-thread or not.

what do you think Perry !? let me know ! Its your place here !
Thanks

-

Max-td,

Thank you for your comments. I absolutely agree that there should be a different thread for people who want to probe the idea of a strategy based on my method. Because of the simplicity of this method, this thread should be left for clarifications, and perhaps certain enhancement that I may bring to the table.

 
  #460 (permalink)
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OK - we decided that the strategy-talk on Perrys Trading goes on in an own thread now because its a very own topic + not at its end at all yet.

You find it here :

https://futures.io/ninjatrader-programming/5220-perrys-trading-strategy-development.html


i will copy the related posts step by step to over there + clean up a bit later in this original thread.

thanks for understanding & go on having fun !

max-td
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