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Perrys Trading Platform
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Perrys Trading Platform

  #771 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Big Mike View Post
https://futures.io/elite-circle/2259-economic-news-addin-approach-ninjatrader.html#post27828

Found using search attachments:
1. Click in the search bar top right.
2. Click search attachments.
3. Type in jtRangeMarker.

Please read how-to search:
https://futures.io/help-tutorials-how-tos/6664-how-search-big-mike-trading.html

Mike

Oh, you anchor your cursor in the search box and an option to search attachments pops up. I never knew that Big Mike and couldn't figure out where all the attachments were hidden. And the jtRangeMarker attachment you found for me is for Version 7, which I needed and is the reason I couldn't import the apparently older version from my downloads into NT. It was very frustrating and then I just stopped trying. Thank you so much for your help. Every little bit of help makes everything so much easier, you just can't imagine. Again a big thanks.

 
  #772 (permalink)
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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.

Perry,
Would you still recommend this ATM strategy today?
A screenshot of it is in Post #194.
Thank you.

 
  #773 (permalink)
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perryg View Post

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.

Or would you recommend this ATM strategy?

 
  #774 (permalink)
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Alan View Post

I have changed the settings on the DM Plus V3a from a 5 range to a 3 range. I find the trade signals better and confirm my other signals on the ADXVMA indi.

The DM+ and DM- is a really good indi to use as it shows direction of the trend and possible trade. Hope this helps.

Is this still working out for you, Alan?

Perry, have you changed your DMPlusV3 to a 3 range chart?

Thank you.

 
  #775 (permalink)
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Turtrend View Post
I've made some slight variations to Perry's basic template.

I thought I'd share it with followers of this excellent thread. Nothing earth shattering, but I find it helpful and it may inspire others.

Additions:

  • An additional JeffsUniversalMovingAverage with ma set to sma 40. I make the ma invisible but set the background up color to light green to reinforce/remind myself of primary trend
  • Big Mike's OBVDiver. Although Perry's method is very price focused, this indicator may provide additional perspective and edge to trading.

Very nice, Turtrend, how you reflect the SMA 40. The second one I didn't understand.

 
  #776 (permalink)
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Could you please in the future if you like add things in your posts into 1 ? Reading like 12 posts after each other is like messing up the thread, thanks.

 
  #777 (permalink)
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perryg View Post
Sorry for the late reply.

Yes this is my main trading method. Stops are related to the size of the range bar. If you use 4 range bars then SL = 6-8, if you use 15 range bars then SL=17. It is normally about 2 ticks below the previous bar on entry. Targets are again according to the way you trade, if it is 1 or 2 contracts. If 2 contracts, then exit after 4-5 ticks if 4 range bars, and 9-10 ticks if 15 range bars. on close of entry bar move SL to BE+1.

Wow, do you use 15 range bars, Perry?
If not, what range bars do you use.
I just read those two articles you posted
on range bars. Missed them the first time.
Interesting that they're only been around
since 1995. Knowing they eliminate volatility
gives me more confidence.


MetalTrade View Post
Could you please in the future if you like add things in your posts into 1 ? Reading like 12 posts after each other is like messing up the thread, thanks.

Sure, I can do that. Sorry to mess up the thread for you. How many different subjects would you like me to include in one post?

 
  #778 (permalink)
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Perhaps when you have a Plethora of questions to ask.

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  #779 (permalink)
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plethora View Post
Perry, on the chart attached, I seem to be taking trades like the first one instead of the second.
Is there something I'm missing that should prevent me from taking the first trade?
Would you have taken the first trade and if not, why?
Many thanks.

You could have taken the FIRST trade, and in my opinion the bar BEFORE the one you have marked. This bar had everything aligned up for it as a setup bar and entry. (chart is a bit small so I cannot really see things). You had all the rules in place, the FI was correct, and the +DM had crossed and also the ADX was crossing up and over the -DM

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  #780 (permalink)
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plethora View Post
Perry, I'm looking at the 3rd setup again in Post #110 to understand the reason you did not identify the setup bar as the candle immediately before or even after the one you selected. The 5 had already crossed the 20 in the preceding candle or you could have wait another couple of candles for a confirmed setup. I'm trying to understand the nuance of your experience I don't have. Is the reason also possibly because your setup bar touched the SMA20?

First of all if going long you want a GREEN candle as a setup bar or a RED candle if going short. You could have taken the green candle 2 candles before was also a setup bar. Here you would have had a bit of heat before taking off.

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