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Perrys Trading Platform
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Perrys Trading Platform

  #791 (permalink)
Elite Member
Los Angeles, CA
 
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Platform: NinjaTrader
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Mickey Caine View Post
Perhaps when you have a Plethora of questions to ask.

But when the Plethora of answers roll in it's a beautiful thing, no?
In fact, without questions, this thread is dead.
And if someone doesn't like my questions, they can ask their own.
When you have a burning desire to know something you tried really hard to understand on your own, and then someone else asks a related question you had been thinking about, when the answers do arrive -- they blast open your brain in a way that's destined to impact small trading adjustments in a big way.

That said, I do value the desire for thread aesthetics from the European crowd and will try to respect those values! It had crossed my own mind that I was messing up this thread.

Thank you, Perry et al, for your extremely helpful answers to my questions.


Last edited by plethora; January 17th, 2011 at 01:10 PM.
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  #792 (permalink)
Elite Member
Bala, PA, USA
 
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plethora View Post
But when the Plethora of answers roll in it's a beautiful thing, no?
In fact, without questions, this thread is dead.
And if someone doesn't like my questions, they can ask their own.
When you have a burning desire to know something you tried really hard to understand on your own, and then someone else asks a related question you had been thinking about, when the answers do arrive -- they blast open your brain in a way that's destined to impact small trading adjustments in a big way.

That said, I do value the desire for thread aesthetics from the European crowd and will try to respect those values! It had crossed my own mind that I was messing up this thread.

Thank you, Perry et al, for your extremely helpful answers to my questions.

Ask away to your heart's desire, Plethora! If you are concerned about de-beautifying the thread, just compile multiple questions in one post. I learned 2 valuable 'additional entry considerations' from answers to your questions, namely preference for EMA(5) > EMA(20) on setup bar for longs (and vice-versa for shorts), preference for Green setup bar for longs, Red for shorts. Since these tidbits only come when people ask questions, then I think everyone should ask. I think someone should compile a list of such additional considerations (filters) which potentially would increase the accuracy of entries, maybe to 90-100% like the author

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  #793 (permalink)
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monpere View Post
Ask away to your heart's desire, Plethora! If you are concerned about de-beautifying the thread, just compile multiple questions in one post. I learned 2 valuable 'additional entry considerations' from answers to your questions, namely preference for EMA(5) > EMA(20) on setup bar for longs (and vice-versa for shorts), preference for Green setup bar for longs, Red for shorts. Since these tidbits only come when people ask questions, then I think everyone should ask. I think someone should compile a list of such additional considerations (filters) which potentially would increase the accuracy of entries, maybe to 90-100% like the author

You're reading my mind, monpere! I can't believe I would have missed that little detail about entering longs on green bars and shorts on red had I not asked the same question. I was scratching my head how I skated over that information in the thread, but now you confirm that it was presented in a question and answer and I can't really beat myself up too bad for missing it when the methodology and the charts and learning NT were consuming all of my brain power. Thanks for the gift of sanity.

About maintaining thread beautification, it's tricker than it appears. I had a burning desire to respond to your post but hesitated, wondering if I should wait to write back when I had more to say or just return to my last post and add it there but I worried you might have missed it. What to do?

In any event, I'm still on my third read of this thread and you've inspired me to read even slower for more gold nuggets. Thank you.


----------------------



monpere View Post
I think someone should compile a list of such additional considerations (filters) which potentially would increase the accuracy of entries, maybe to 90-100% like the author

I'm working on a "Cheat Sheet" for this thread from all the questions and answers, entitled, "In Perry's Words." But there won't be any riff-raff garbage questions in it like mine. Just straight answers (isn't that what we all want?) When finished I'll attach it to that second post in this thread where all the invaluables are stashed.

Otherwise, Perry is like a Rabbi. You can ask him any question and he'll answer you. He's just not going to rewrite the Bible he already gave us Once on Mount Sinai.


Last edited by plethora; January 17th, 2011 at 04:53 PM. Reason: Thread Aesthetics!
 
  #794 (permalink)
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plethora View Post
You're reading my mind, monpere! I can't believe I would have missed that little detail about entering longs on green bars and shorts on red had I not asked the same question. I was scratching my head how I skated over that information in the thread, but now you confirm that it was presented in a question and answer and I can't really beat myself up too bad for missing it when the methodology and the charts and learning NT were consuming all of my brain power. Thanks for the gift of sanity.

About maintaining thread beautification, it's tricker than it appears. I had a burning desire to respond to your post but hesitated, wondering if I should wait to write back when I had more to say or just return to my last post and add it there but I worried you might have missed it. What to do?

In any event, I'm still on my third read of this thread and you've inspired me to read even slower for more gold nuggets. Thank you.


----------------------




I'm working on a "Cheat Cheat" for this thread from all the questions and answers, entitled, "In Perry's Words." But there won't be any riff-raff garbage questions in it like mine. Just straight answers (isn't that what we all want?) When finished I'll attach it to that second post in this thread where all the invaluables are stashed.

Otherwise, Perry is like a Rabbi. You can ask him any question and he'll answer you. He's just not going to rewrite the Bible he already gave us Once on Mount Sinai.

You do that, and I'll write you an auto trading strategy with 95% win rate

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  #795 (permalink)
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There is an existing thread discussing automated strategies for Perry's method check it out...

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  #796 (permalink)
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gulabv View Post
There is an existing thread discussing automated strategies for Perry's method check it out...

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

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  #797 (permalink)
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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 2:

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 DOWN at least 2 Bars or more toward the EMA(20)

3. The Setup bar must be a Green candle.

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

5. The Lowest High of the last 5 bars including the setup bar must be greater than the EMA(20)

5. ENTER the trade 1 tick/pip above the Setup bar.

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 UP at least 2 Bars or more.

3. The setup bar must be a red candle

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

5. The Highest Low of the last 5 bars including the setup bar must be less than the EMA(20)

6. ENTER the trade 1 tick/pip below the setup bar

7. Confirm that ForceIndex = RED

Caught my oversight! Wow, I really blew it again!

------------------------


monpere View Post
You do that, and I'll write you an auto trading strategy with 95% win rate

Infectious smile you have, my friend. Now that I know your plans I'm going back to put in the SMA (50) instead of just footnoting it. Fewer trades with it but higher winning probability.

I'll tell you one thing, this document is going to be one good read. back to you.

-------------------------



perryg View Post
My SL is 12. Percentage win is 90-100% , 6 Trades a day maybe max 10

I'm not surprised on the percentage win nor the stop. I don't know much, but If anyone had the guts to hold that long, they'd be surprised that the one point profit trigger would hit. The big direction has never, ever been wrong in the little time I've been watching. I've just been ball parking the necessary stop for a one point gain but now I'm going to look closer at 12.

--------------------------

redratsal, you're killing me with your deep dish pizza avatar from Milan--it looks fabulous!


Last edited by plethora; January 17th, 2011 at 05:24 PM. Reason: Thread Aesthetics!
 
  #798 (permalink)
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Hey Perry: Hey, I was comparing the es and 6E recently and agree 6E has much more trending. Any dangers we should look out for? Sometimes volatility can be the enemy. Thought? Thanks for the awesome thread!

 
  #799 (permalink)
Elite Member
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perryg View Post
MURREY MATHS:

I have seen over the past few weeks a lot of questions regarding the Murrey Maths. The version that is downloadable from this board or from Ninja Support, is a version that does not take into account days that are VERY volutile, this is the reason sometimes the MM lines disappear or if your scroll up or down you will find them bunched up together. The reason is that they are not recalculating as the actual price moves.

MM lines can be exceptionally useful if used correctly, for Prfit taking, for tops and bottoms, for reversals etc.

There is an excellent version of MM that can be found at www.integrity-traders.com Go to this site and ask for the MM version. I beleive that you can test it for a certain amount of time. Good luck.

Does anyone know if the integrity-traders.com version of MM is still considered superior to NT?
Thank you.

--------------------------------------------------------

July 23, 2010

perryg View Post
I never backtest. If I have a system, I trade it on SIM until I am satisfied with the results. The use of the 40 SMA was used when I traded TIME charts eg. 5min, 10 min. On range charts I have found the 20EMA to be better for entry.

January 16, 2011

perryg View Post
Yes. I actually have the SMA(50) on my charts just as an indication as to the major trend of the market. Some people like to go only LONG when above this MA and only SHORT when below. It is a personal preference.

Perry, in view of these two posts, I's just like to understand the reason you returned to a 50 SMA after abandoning the 40 SMA with time charts?

As always, thank you very much.

-------------------------------------------------------

Dear Trading Comrades of Perry's Methodology-

I have a growing fascination with Method #2.
As the setup occurs much less frequently than
Method #1, if anyone trades it this week, could
I trouble you to post your chart for me to observe?

Many, many thanks in advance.

plethora


Last edited by plethora; January 18th, 2011 at 12:02 AM. Reason: Thread aesthetics required to add another question
 
  #800 (permalink)
Elite Member
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Posts: 639 since Dec 2010
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Powerful graphic attached.
Regardless of direction, both Setup Bar candles slice through and cut the 5 EMA in half. POW!

Attached Thumbnails
Perrys Trading Platform-screen-shot-2011-01-17-8.00.47-pm.png  

Last edited by plethora; January 18th, 2011 at 01:27 AM.

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