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Perrys Trading Platform

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  #1 (permalink)
 perryg 
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After putting the ForceIndex onto the forum, it has developed into so many variations and questions, with the introduction of the boomerang, all of which is very similar to the way I trade, I though it best to put a full scale model up for discussion.

I trade very simply. WhatI have done is put together a platform that KEEPS me out of trouble, as I will explain fully what this means. I prefer to miss out on a trade even though in hind sight it turned out to be good. I would like to have more probabilities on my side.

PERRYs TRADING PLATFORM:

1. MASlopeBoxMuti (SMA 40) - Purple dashed line
2. SMA (3) - Black line (price type = median)
3. SMA_colours (14) - Red,Blue,Grey
4. ForceIndex_v02 (EMA 13) - First row of coloured bars at bottom of chart
5. JeffADX (5,15) - Second row of coloured bars at bottom of chart
6. DM(5) - Last indicator at bottom of chart
7. jtRAngeMarker - Show me the exact begining and end of the current trading bar
8. PriceLineIndicator
9. MurreyMaths
10. TheAboxForRange(5,25) - This shows me a little box with the actual ADX number above or below my threshold of 25


RULES:

1. ONLY TRADE IN THE DIRECTION OF THE SMA(40). Never try anything else. This will keep you in the money and sane, with no stress.


Long Entries:

1. The SMA(40) must be going UP or FLAT. Look at the SLOPE - either 0 or +plus (Blue) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be ABOVE the SMA(14)=BLUE, and ABOVE the SMA (40).

3. ForceIndex = BLUE

4. ADX = GREEN


Short Entries:

1. The SMA(40) must be going DOWN or FLAT. Look at the SLOPE - either 0 or minus(red) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be BELOW the SMA(14)=RED, and BELOW the SMA (40).

3. ForceIndex = RED

4. ADX = GREEN


The above is a very VISUAL way to read a chart. Very simple and very very effective. Always look at the SMA (40) and its direction. Many instances we get a full setup that looks perfect, but the SMA(40) is going in the other direction. DO NOT TAKE THIS TRADE. In most cases you will get stung. Even if the odd trade works out, do not take these trades.

As we proceed I will show you 2 methods of entering the trades even more safely, but for the moment I would like all to just understand the simple visual setup and look at charts. You will suddenly see how simple it is to SEE a good trade. This method will also keep you out of CHOP which so many get caught up in. You will see that in a choppy situation, one or more of the above will not fall into place. Again watch you SMA(40).

Tip

BEST OF TRADING 2010 AWARD

This thread was nominated for the Best System Of The Year for 2010, and won 3rd place (Bronze).




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  #3 (permalink)
 perryg 
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Here is another example of the last 2 hours of trading today. Lovely trades.

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 stifland 
Belcher, LA
 
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Thanks Perry,
I am obviously not searching for these properly.
Indicators in #1,3,7 and 10. In futures.io (formerly BMT) or Ninja forums? Getting no results.
Billy

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 stifland 
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Here's a couple i did find

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 perryg 
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Here is the Rangebar indicator. It is on this board at ninja indicator

Search - Big Mike's Day Trading Forum

Attached is the TheAboxforRange

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 mgtrader 
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perryg View Post
4. ForceIndex_v02 (EMA 13) - First row of coloured bars at bottom of chart
5. JeffADX (5,15) - Second row of coloured bars at bottom of chart
).

Many thanks for this strategy, perryg.

I downloaded the 2 indicators but am unable to get the 2 rows of colored bars. Am I missing something?

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 perryg 
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Change the Dash style = DASH, Plot Style = HASH, Width = 90

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 mgtrader 
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perryg View Post
Change the Dash style = DASH, Plot Style = HASH, Width = 90

OK. Got it now. Thanks.

 
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 wgreenie 
Cambridge, Ontario
 
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Hi Perry

Thank You .. Thank You for creating a new thread and share your trading system/wisdom with us! FYI: I created a Parry's Platform folder too! Smile ..

Let's see if I am able to create a chart close to yours else you will hear from me. Can't wait to learn the "safer" methods from you when we move along.

Happy & Successful Trading Always!

Beth

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 Alan 
Sydney - Australia
 
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Hi Perry,

I like your setups. Please can you advise on the following:

1. MA Slope Box - Which slope type do you use? WYS or WDS or NTS?
2) DMI - Which DMI indicator are you using. Mine only has 1 line, while yours has several. Please can you advise these lines / setups.

Is it possible to post a template? I have created the setups, however I would like to confirm all settings.

Many thanks and good luck with you journey.

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 perryg 
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Hi Alan,

My appologies, it is not the DMI but the DM indicator. I have also edited the original post to show DM.

I use WYS.

I have attached a template.

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 taxman 
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I also try to download JeffADX but can't find it anywhere. Could you please post the zip file?

Thanks in advance.

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 Big Mike 
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taxman View Post
I also try to download JeffADX but can't find it anywhere. Could you please post the zip file?

Thanks in advance.

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 randyjb 
Southern California
 
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Hi Perry.. hmm.. I cannot seem to find indicator # 10 "TheAboxForRange" anywhere in sight... not even after a search of Google. Is that one you can upload for us here or one you are unable to share? I already got all the rest of it mocked up just fine. Of course then I read further and noted you had even given us a template heh, heh.

Also, is there a particular reason you chose range bars? I tend to always use SBSRenko bars unless it's just a tight consolidation day wherein I switch over to range bars and scalp the channel, simply because I know where the high low and close are going to be with range bars.. which makes a real difference when scalping a tight range but still wanting to enter with limit orders to avoid slippage, etc.

Additionally, do you only trade the 6e in this manner or do you also trade the TF and others with the same or similar method?

Happy Trading,
Randy

 
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 perryg 
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Please see post #6 for the "TheAboxForRange". I prefer Range bars over Renko, you also get a better picture of the moves, the indicators work much better in sync. As we proceed you will see that it does not matter if you are in a tight range day or not. Try for the meantime to just SEE the charts as per the rules, and you will begin to see good entries on all days.

A quick glance at a chart, what direction is the SMA (40), and you immediately know that you are ONLY looking for short if going down or longs if going up. See then where the other MA are in relation to this. In a second you know if you have an interesting chart or there is time for it to develop. You will then see your other indicators pop up at you telling you if they are in the direction of the SMA(40).

Start to read the chart.

I trade 6A, 6B, 6C, 6E, 6S, 6J, TF, NQ, ES, DX. You can trade any instrument using my method.

As we proceed I will show you more things that you will see on a chart, and also how to use everything to get good entries. For the meantime you will begin to see good entries by yourself.

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 randyjb 
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Many thanks for introducing your method here like this, Perry. Now that I have got it up and running it is interesting to see how easy it is to spot reasonably stress free trades and even see them shaping up ahead of time. I am looking forward to learning more about how to utilize this method. Your efforts here are much appreciated.

Happy Trading,
Randy

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 Alan 
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Perry, this is a great indicator and set up. What about adding arrows to automatically show (plot) when all the criteria are met. There would be a green up arrow for a long and a red down arrow for a short.

Just an idea to help make life easier.

 
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 wgreenie 
Cambridge, Ontario
 
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Thanks to Perry for sharing the template. Now I'm quite certain that my chart set-up matches his except I do not have the jtRAngeMarket indicator.

2 newbie questions please:

1. How do you interpret the ellipse (Panel 4) when ADX was above DM (change of direction to Up??). It's already on an uptrend since it's above the purple dash line SMA 40.

2. What's the indication when ADX was below DM? First I thought might be change of direction to Down. Seemed not right!!

Appreciate your enlightening me please. Thank you.

Beth

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 perryg 
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Hi Beth,

For the jtRangeMarket go to on this forum.

OK. You have jumped the guns, so I will start explaining how to look at the ADX panel at the bottom.

This panel uses together the ADX line and the +DI and the -DI lines. The 2 MAIN reasons that I put this panel up, is to read when to EXPECT a topping out of a trend - either UP or DOWN, and the second thing is to SEE CHOP areas of the chart.

1. TOPPING of a Trend: When the ADX is ABOVE BOTH +DI and -DI, we are getting close to a top or bottom of a trend, or a turning point in the direction we are going. This is an early warning sign to get ready to exit our trade. Wait for the ADX to start turning DOWN, this will usually be the Top or Bottom. Now I must warn you that this is not rocket science but in most cases is exceptionally acurate.

2. CHOP: When the ADX is BELOW BOTH the +DI AND the -DI, we are in CHOP LAND. DO NOT TRADE.

The above info is not widely known amongst traders who use this indicator. On panel 2 you have the ADX pure giving you a GREEN light to trade, which means that the MOMENTUM of the candles are STRONG and in your favour, while the RED light means that the MOMENTUM is fading (it does not mean to exit).

I hope this clears up matters, and we are advancing a little. Go back and LOOK at the charts and see now if you can see MORE into what the charts says after the above explanations.

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 wgreenie 
Cambridge, Ontario
 
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Thanks Perry for your prompt clarification. Great news that we can avoid most choppiness with the ADX/DM indicator on Panel 4. We may even become fortune-tellers when we can forecast Top/Bottom .. haha ..

I'm thrilled to have the last missing piece in good order (now my chart matches yours 100%) .. Thank You .. Thank You!

Beth

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 perryg 
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To ALL,

Please add the following indicator in place of the DM indicator. The attached indicator is called DMplus, and it adds a little box in the top left hand corner which says, "TRADE" or "NO TRADE", based on previous explanations of how to use the ADX.

Many thanks to eDanny who change the code for me.

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 wgreenie 
Cambridge, Ontario
 
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perryg View Post
The attached indicator is called DMplus, and it adds a little box in the top left hand corner which says, "TRADE" or "NO TRADE", based on previous explanations of how to use the ADX.

Many thanks to eDanny who change the code for me.

Big Big Big Big Big Big Thank You to both Perry and Danny for this Amazing gift!!

Beth

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 randyjb 
Southern California
 
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Thanks to both you and eDanny for this enhancement... though I did move the alert box to the top right on my chart, next to price and just widened the right margin a tad so it will never run into the price bars or the jtRangeMarker. Thanks for keeping the little enhancements and info about the method coming.

 
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 gfg1 
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Randy, could you explain how you moved the alert box to the top right? TIA


randyjb View Post
though I did move the alert box to the top right on my chart, next to price and just widened the right margin a tad


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  #26 (permalink)
 randyjb 
Southern California
 
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Sure.. go to Control Center>Tools>Edit Ninjascript>Indicator... scroll over to DMPlus.. double left-click it.. then, when it opens up.. scroll all the way down to lines 103 and 105 and where it says TextPosition.TopLeft .. change those to TextPosition.TopRight... then left click on the compile icon on top (just to the right of the binoculars icon) and after it says "Indicator Generated" you can X out of all that and then go back to your chart, right click on the chart, scroll down to Reload Ninjascript, left click that once and when the screen redraws you can then exit back to your chart and your alert box should be on the top right. I use a right margin of 90... in order to avoid any conflict with it running too close to current price and the jtRangeMarker...

Hope that helps,
Randy

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 perryg 
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ALL,

Here is an even more updated version where I have added the possiblity of "End Trend" when the ADX is ABOVE BOTH +DI and -DI as explained in my previous post.

WARNING: This does not mean it is final, it is only a warning sign. Watch the ADX to see when it starts turning DOWN, this should be the turning point. We could still contnue with the trend, but it is a good place to take profits.

Start looking at your charts now.

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 perryg 
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Here is a lovely example from today of the 6J (Japanese / $) with the new "END TREND". We can first a change in direction - take profit area, then a further entry to the final end of trend. See how the ADX goes ABOVE both the DI and then eventually turns down. A perfect example.

The BLUE indicator showing "END TREND" is now automatic whenever the occurence of ADX is ABOVE BOTH +DI and -DI

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 keepdchange 
California
 
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Hi Perry,

Thanks for your kind contribution. Could you please let me know where I can find the Force Index v.2.

Much appreciated.
-Keep


perryg View Post
After putting the ForceIndex onto the forum, it has developed into so many variations and questions, with the introduction of the boomerang, all of which is very similar to the way I trade, I though it best to put a full scale model up for discussion.

I trade very simply. WhatI have done is put together a platform that KEEPS me out of trouble, as I will explain fully what this means. I prefer to miss out on a trade even though in hind sight it turned out to be good. I would like to have more probabilities on my side.

PERRYs TRADING PLATFORM:

1. MASlopeBoxMuti (SMA 40) - Purple dashed line
2. SMA (3) - Black line (price type = median)
3. SMA_colours (14) - Red,Blue,Grey
4. ForceIndex_v02 (EMA 13) - First row of coloured bars at bottom of chart
5. JeffADX (5,15) - Second row of coloured bars at bottom of chart
6. DM(5) - Last indicator at bottom of chart
7. jtRAngeMarker - Show me the exact begining and end of the current trading bar
8. PriceLineIndicator
9. MurreyMaths
10. TheAboxForRange(5,25) - This shows me a little box with the actual ADX number above or below my threshold of 25


RULES:

1. ONLY TRADE IN THE DIRECTION OF THE SMA(40). Never try anything else. This will keep you in the money and sane, with no stress.


Long Entries:

1. The SMA(40) must be going UP or FLAT. Look at the SLOPE - either 0 or +plus (Blue) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be ABOVE the SMA(14)=BLUE, and ABOVE the SMA (40).

3. ForceIndex = BLUE

4. ADX = GREEN


Short Entries:

1. The SMA(40) must be going DOWN or FLAT. Look at the SLOPE - either 0 or minus(red) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be BELOW the SMA(14)=RED, and BELOW the SMA (40).

3. ForceIndex = RED

4. ADX = GREEN


The above is a very VISUAL way to read a chart. Very simple and very very effective. Always look at the SMA (40) and its direction. Many instances we get a full setup that looks perfect, but the SMA(40) is going in the other direction. DO NOT TAKE THIS TRADE. In most cases you will get stung. Even if the odd trade works out, do not take these trades.

As we proceed I will show you 2 methods of entering the trades even more safely, but for the moment I would like all to just understand the simple visual setup and look at charts. You will suddenly see how simple it is to SEE a good trade. This method will also keep you out of CHOP which so many get caught up in. You will see that in a choppy situation, one or more of the above will not fall into place. Again watch you SMA(40).


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 max-td 
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hey keep,
take this !

Force Index v.2

max-td
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 keepdchange 
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Ouch...thx...got it Maxxx

 
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 perryg 
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Here are some more examples from today using the updated DMplus indicator.

1. The 6C has just gone into a CHOP

2. The 6S has just ended a lovely trend. See how the ADX went above BOTH the DMs and then when it turned down, we see the turning point. A textbook example

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 perryg 
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Now there is another aspect that can confirm the END TREND. Watch the divergence of the DM with the price action. This has just now happened on the 6E.

I hope that you are all beginning to get a feel of what you see and the price action. Almost everything is just sitting there for you to SEE.

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 perryg 
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UPDATED version of the DMplus_v1.

Some kind people have pointed out that I should make a version number when changing the original as posted before. This latest version is the NEW and updated. Please use it.

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 wgreenie 
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Hi Perry

For the DMPlus indicator, I've changed the period to 5 (suggested setting on the template). Please correct me if I should stay with Default 14. Thank you very much.

Oh, I added a No Trade audio alert to it so that not only seeing the words in Red, it will keep saying no trade LOL!

Beth

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 perryg 
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Beth,

Yes the period is 5. Did you take the latest ver with the "CHOP" label, and the "Trend End". Nice that you added Audio Alert. I personally do not like it because I am watching about 6-8 charts at the same time, and the alerts makes be go crazy, because I do not know which chart is shouting.

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 wgreenie 
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Thanks Perry for your prompt confirmation. Oh, I followed the exact DM setting on the template incl the value to 40 (from default 75). Hmm, I will double-check if I have the most updated version. Thank you.

My audio alerts (except the ones from NJ sounds folder) will tell me exactly which indicator is making "noise". I created the wav files through the following website:

AT&T Labs Natural Voices Text-to-Speech Demo

You will have the exact wordings you want + choice of gender + accent etc. Really cool!

Beth

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 wgreenie 
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perryg View Post
Did you take the latest ver with the "CHOP" label, and the "Trend End".

Thanks Perry. I now have the most updated DM indicator. A quick question please. One may consider "End Trend!" as an exit alert and certainly NOT entering a trade in the opposite direction when all indicators are still aligned. Please fill any missing gaps for me. Thank you.

Beth

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 perryg 
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Beth,

Sure, it is an ALERT that we are reaching the end of a move. Certainly not to take an opposite move. It is more to take profits or close your trades.

Are you following the charts and beginning to SEE entries.

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 perryg 
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If you put it on a range chart you will see it much clearer. The ADX is only now showing the End trand while on your 5 min chart it is showing far too early in the trade. I suppose that for 5 mion charts we would have to ajust the indicator.

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 wgreenie 
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perryg View Post
Are you following the charts and beginning to SEE entries.

Thanks Perry. Hey, you can read my mind. After posting a 5-minute, I have changed it to a 4-range one. I'd like to use it for entry while using Market Profile (30-minute chart) to determine the trend and/or what strategies to use (based on the 80% Rule Strategy).

Beth

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 perryg 
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Hey Beth, that is pretty cool. Tried one voice, and its is good !!! Thanks

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 perryg 
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Beth,
Just looking at the 4 range ES chart you see how it ended the trend with the ADX above the DM and then turning down exactly on a dime. Textbook chart.

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 wgreenie 
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perryg View Post
Beth,
Just looking at the 4 range ES chart you see how it ended the trend with the ADX above the DM and then turning down exactly on a dime. Textbook chart.

Yes Perry. The ADX line started falling immediately with the End Trend warning!! Really cool to have an indicator/set-up talking to us .. haha .. Thanks again for sharing your set-up and wisdom with us!

Time for a newbie question please:

Per enclosed chart, not sure what C:4 stood for?! My guess for R: 1 = Resistance. Please enlighten me. Thanks.


Beth

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 eDanny 
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Looking at the chart I would guess C:4 = Candle Size = 4 ticks and R:1 = Remaining Range Ticks = 1

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 perryg 
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Beth,
I have not seen those R:1 or C:4 on any of my charts. As you are not using Pivots inidicator, all I can see is that when there is a RED box around the candle, it means that the size of the candle is LOCKED or in other words it has made its max size i.e. 4 - which is the size of the range chart. I think what we are seeing is the 1 and 4 to show the size of the candle. When you have a blue box around the candle, it means that the size of the candle is one tick away from its max, namely in our case 4.

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 wgreenie 
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Thank you .. Thank you to eDanny and Perry. Now I figure out the following:

C = Current Range Tick(s)
R = Remaining Range Tick(s)

Since mine is a 4-Range, enclosed C2 + R2 = 4!

Beth

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 stifland 
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Posting to see if I got this right and just to see if I can post. I realized can't put .png here. So trying with the jing. Thanks Perry.
Anyone know is there a way once you change all settings such as in the force to make it save that as "default" for the indicator?



Hmm. not sure that is working. Is there a way to attch .jpg or.png??

 
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 stifland 
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Got it, got it. Not such an idiot. paperclip far right.

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 eensor 
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Thanks Perry and Danny. This is really cool stuff.

Eddie

 
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 eensor 
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wgreenie View Post
Yes Perry. The ADX line started falling immediately with the End Trend warning!! Really cool to have an indicator/set-up talking to us .. haha .. Thanks again for sharing your set-up and wisdom with us!

Time for a newbie question please:

Per enclosed chart, not sure what C:4 stood for?! My guess for R: 1 = Resistance. Please enlighten me. Thanks.


Beth

Beth,
Any chance that when you have time, maybe you could explain to me how to include the voices in the indicators?

Thanks

 
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 eensor 
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perryg View Post
After putting the ForceIndex onto the forum, it has developed into so many variations and questions, with the introduction of the boomerang, all of which is very similar to the way I trade, I though it best to put a full scale model up for discussion.

I trade very simply. WhatI have done is put together a platform that KEEPS me out of trouble, as I will explain fully what this means. I prefer to miss out on a trade even though in hind sight it turned out to be good. I would like to have more probabilities on my side.

PERRYs TRADING PLATFORM:

1. MASlopeBoxMuti (SMA 40) - Purple dashed line
2. SMA (3) - Black line (price type = median)
3. SMA_colours (14) - Red,Blue,Grey
4. ForceIndex_v02 (EMA 13) - First row of coloured bars at bottom of chart
5. JeffADX (5,15) - Second row of coloured bars at bottom of chart
6. DM(5) - Last indicator at bottom of chart
7. jtRAngeMarker - Show me the exact begining and end of the current trading bar
8. PriceLineIndicator
9. MurreyMaths
10. TheAboxForRange(5,25) - This shows me a little box with the actual ADX number above or below my threshold of 25


RULES:

1. ONLY TRADE IN THE DIRECTION OF THE SMA(40). Never try anything else. This will keep you in the money and sane, with no stress.


Long Entries:

1. The SMA(40) must be going UP or FLAT. Look at the SLOPE - either 0 or +plus (Blue) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be ABOVE the SMA(14)=BLUE, and ABOVE the SMA (40).

3. ForceIndex = BLUE

4. ADX = GREEN


Short Entries:

1. The SMA(40) must be going DOWN or FLAT. Look at the SLOPE - either 0 or minus(red) . Most of the time you can see the direction by just looking at the line.

2. SMA(3) must be BELOW the SMA(14)=RED, and BELOW the SMA (40).

3. ForceIndex = RED

4. ADX = GREEN


The above is a very VISUAL way to read a chart. Very simple and very very effective. Always look at the SMA (40) and its direction. Many instances we get a full setup that looks perfect, but the SMA(40) is going in the other direction. DO NOT TAKE THIS TRADE. In most cases you will get stung. Even if the odd trade works out, do not take these trades.

As we proceed I will show you 2 methods of entering the trades even more safely, but for the moment I would like all to just understand the simple visual setup and look at charts. You will suddenly see how simple it is to SEE a good trade. This method will also keep you out of CHOP which so many get caught up in. You will see that in a choppy situation, one or more of the above will not fall into place. Again watch you SMA(40).

Perry, does the SMA(3) must be BELOW the SMA(14)=RED both have to be below the 40 at the same time or just the 3 SMA below the 10 and the 40?

Thanks,

Eddie

 
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 perryg 
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FOr a long trade, the SMA(3) must be above the SMA(14), but the SMA(40) has to be going UP or FLAT. They do not need to be above the SMA(40) if it is going UP. Most cases you will find that they are above the SMA(40), but there are instances that they may be below the SMA(40), as long as it is going UP in the direction of the trade. For a Short trade it is the opposite.

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 eensor 
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Thanks very much.

Eddie

 
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 randyjb 
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Beth... the R = ticks REMAINING
the C = ticks COMPLETED

Happy Trading to you...


wgreenie View Post

Time for a newbie question please:

Per enclosed chart, not sure what C:4 stood for?! My guess for R: 1 = Resistance. Please enlighten me. Thanks.


Beth


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 stifland 
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perryg View Post
FOr a long trade, the SMA(3) must be above the SMA(14), but the SMA(40) has to be going UP or FLAT. They do not need to be above the SMA(40) if it is going UP. Most cases you will find that they are above the SMA(40), but there are instances that they may be below the SMA(40), as long as it is going UP in the direction of the trade. For a Short trade it is the opposite.

What about in this instance. Force and adx positive. 40 slope up. 3sma above 14 and 40 BUT the 14 is red or down....does this matter?

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 perryg 
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You have a legitimate entry, but always look to your left to see what your first resistance will be. You have a swing high at 1.3508 which will not give you a lot of room for a move, unless you keep a very very tight stop. Another sign is if the candle crosses both lines at the same time.

I am looking at an indicator that will make this visually look much easier to see. Hop to be able to put it on the board in a day or two. I am testing it now.

Have you taken some SIM trades and how are you SEEING the trades.

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 wgreenie 
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For ES, I identified 2 Perry trades per enclosed ellipses. The first short aligned with the Market Profile's "Short only" strategy while the second long would be a counter-trend one.

If I understand Perry's set-up correctly, one will enter upon completion of the signal bar incl indicators. There's no short after the first short (+ a few seemed to be profitable trades) because Force Index (Panel 2) and ADX (Panel 3) must be aligned. Unfortunately today ADX has not been co-operative!!

Thank you.

Beth

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 alex5000 
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Perry thank you so much for sharing these great ideas

Cheers
Alex

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 wgreenie 
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Hi Perry

I'm demonstrating a novice way to add audio alerts. It has been working for me and not sure if it's the correct way to do so.

First, I will try to find an important point (line) where it asks the indicator to draw text or arrow.

Second, record a wav file and save it in the sounds folder.

Third, add the audio script immediately after the DrawText etc line per enclosed samples.

Fourth, right click on the indicator and choose "Save as" to create a new indicator (so that the original indicator will not be replaced).

Fifth, press F5 to compile the new indicator.


Note:

1. Sample 1 (DMplus_v1): Need to add an extra pair of {} as the script does not have it.

2. Sample 2: Simply add the audio script as it has {} already.

Beth

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 wgreenie 
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randyjb View Post
Beth... the R = ticks REMAINING
the C = ticks COMPLETED

Happy Trading to you...

Thanks Randy! Happy & Successful Trading to you too! Smile.

Enjoy a Relaxing weekend everyone!

Beth

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 wgreenie 
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Hi Perry

I have the following nice-to know issues:

1. Price Bar

i. Notice your staying with 2 main colors and no neutral bar which often means choppy. What's the logic behind this choice?

ii. If all indicators align for a Long while the price bar is red, should we still go ahead? Same as a short.

2. 4-Range Set-up

Most will use 2 timeframes, eg a 6- or 7-Range for trending and a 4-Range one for entry. What tool you have been using for trending in addition to the suggested 4-Range set-up?

3. Force Index (Panel 2) and ADX (Panel 3)

Must both be aligned before considering a trade? Based on Fri ES experience, ADX has not been aligned with most indicators. If one took the trades anyway (against ADX), they were still profitable ones. Having said that, it's no guarantee that it may work out favorably in the future rounds. Appreciate your thought on the ADX dilemma please.

No rush in addressing the above. Enjoying a Relaxing weekend.

Beth

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 stifland 
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perryg View Post
You have a legitimate entry, but always look to your left to see what your first resistance will be. You have a swing high at 1.3508 which will not give you a lot of room for a move, unless you keep a very very tight stop. Another sign is if the candle crosses both lines at the same time.

I am looking at an indicator that will make this visually look much easier to see. Hop to be able to put it on the board in a day or two. I am testing it now.

Have you taken some SIM trades and how are you SEEING the trades.

Yes, i have been studying. i see what you are saying. the potential entry candle actually crossed all 3 lines. An entry maybe around 98. So maybe a scalp trade , but I see where the swing high gives us caution.

 
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 stifland 
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Hi Perry

I have the following nice-to know issues:

1. Price Bar

i. Notice your staying with 2 main colors and no neutral bar which often means choppy. What's the logic behind this choice?

ii. If all indicators align for a Long while the price bar is red, should we still go ahead? Same as a short.

2. 4-Range Set-up

Most will use 2 timeframes, eg a 6- or 7-Range for trending and a 4-Range one for entry. What tool you have been using for trending in addition to the suggested 4-Range set-up?

3. Force Index (Panel 2) and ADX (Panel 3)

Must both be aligned before considering a trade? Based on Fri ES experience, ADX has not been aligned with most indicators. If one took the trades anyway (against ADX), they were still profitable ones. Having said that, it's no guarantee that it may work out favorably in the future rounds. Appreciate your thought on the ADX dilemma please.

No rush in addressing the above. Enjoying a Relaxing weekend.

Beth

Not sure , but you may be looking at adx wrong? A good signal on adx is when it is green regardless of short or long. Not looking for red/red in case of short so big drop around 11:10 it was lined up. force=red and adx=green is lined up. Is that what you meant?

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 forenxe 
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Hi all,

i was doing some replay with the Jeff ADX and i realized that this indicator, repaints. How do you manage this Perrys?

Thanks

 
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 forenxe 
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Dont care about my message, teh v.2 of Jeff ADX is on the Elite Forum with the reapainting problem solved.
Nice guys here .

 
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 whoisthere48 
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Special thanks to Perry for putting this terrific method on futures.io (formerly BMT) for us to profit from. And many thanks to the guy who makes all this possible..... Big Mike.

Also, many thanks to all of you who have assisted with the development of this method by asking great questions thus provoking insightful answers.

I REALLY like this system.

Richard

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 perryg 
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wgreenie View Post
Hi Perry

I have the following nice-to know issues:

1. Price Bar

i. Notice your staying with 2 main colors and no neutral bar which often means choppy. What's the logic behind this choice?

ii. If all indicators align for a Long while the price bar is red, should we still go ahead? Same as a short.

2. 4-Range Set-up

Most will use 2 timeframes, eg a 6- or 7-Range for trending and a 4-Range one for entry. What tool you have been using for trending in addition to the suggested 4-Range set-up?

3. Force Index (Panel 2) and ADX (Panel 3)

Must both be aligned before considering a trade? Based on Fri ES experience, ADX has not been aligned with most indicators. If one took the trades anyway (against ADX), they were still profitable ones. Having said that, it's no guarantee that it may work out favorably in the future rounds. Appreciate your thought on the ADX dilemma please.

No rush in addressing the above. Enjoying a Relaxing weekend.

Beth

Hello Beth,
Sorry took so long to answer, but I have had problem with my interent connection and was grounded for almost a day. Anyway its the weekend so no damage.

PriceBars: I do not colour the Price bars as I like to SEE the original candle and its PRICE ACTION.
I all indicators are aligned (I presume you mean for a Long), and you have a red bar, you take the trade above this red bar when it breaks the high, otherwise you will see that it goes in the wrong direction and you will not be put into a trade.

2 Time Frames: I am fully aware of the use of 2 and sometime 3 timeframes for confirming the trend. There is a lot of merit in those methods, but at the end of the day you are looking at so much information and charts that you MISS the real PRICE ACTION. (you will learn today exactly what I mean in another post - how to read the price action and enter a trade.)

ForceIndex and ADX
: The ForcIndex is the most important of the two. The ADX gives an indication of whether we have momentum in the move - GREEN, and when this momentum is fading - RED. It is better to enter the trade when it is green as you have more momentum on you side. The CHOP is only when the ADX is BELOW BOTH the +DM AND the -DM. (Again here I am going to make changes in my new post, so the charts will be much clearer)

The ES had more Entries then you can beleive. I noted 6 entries, each with a 12 tick profit .i.e. 72 tick for the day.

Now that I have said all that, watch for the next posts with updated info.

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 perryg 
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Hi ALL,

Owing to the feedback and lot of question, I realised that too much information on the chart is again a drawback and not a plus. As I will now show how to ENTER a trade using PRICE ACTION - which was my original intention, I have reorganized the charts and templates in such a way, that it should be suitable for all types of traders i.e. those that like more colour on the charts, and those that can add more info to the chart.

All my examples will be using the template: perry-02, the other 2 templates are for your own pleasure.

Please update the attached DMplus v2.

I have added a new indicator called "JeffsUniversalMovingAverage" from the Elite download. This is a new indicator from Jeff Castel for moving averages. If you are not an elite member you can use the usual EMA-colored indicator instead and put 20 EMA as the period.

The new setup will now use a 20 EMA for the TREND and a 5 EMA in place of SMA (3).

Attached Files
Register to download File Type: zip DMplus_v2.zip (2.8 KB, 638 views)
Register to download File Type: xml Perry-02v1.xml (29.9 KB, 505 views)
Register to download File Type: xml Perry-02v2.xml (33.5 KB, 493 views)
Register to download File Type: xml Perry-02.xml (29.9 KB, 534 views)
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 perryg 
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Here are examples of the 3 types of templates.

PERRYs TRADING PLATFORM (Reviewed):

1. JeffsUniversalMovingAverage (EMA 20) - Red and Blue line
2. EMA (5) - Black line
3. ForceIndex_v02 (EMA 13) - First row of coloured bars at bottom of chart
4. DMplus v2 (5) - Last indicator at bottom of chart
7. jtRAngeMarker - Show me the exact begining and end of the current trading bar
8. PriceLineIndicator
9. MurreyMaths
10. TheAboxForRange(5,25) - This shows me a little box with the actual ADX number above or below my threshold of 25

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 perryg 
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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.

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 perryg 
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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

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 wgreenie 
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stifland View Post
Not sure , but you may be looking at adx wrong? A good signal on adx is when it is green regardless of short or long. Not looking for red/red in case of short so big drop around 11:10 it was lined up. force=red and adx=green is lined up. Is that what you meant?

Thank you very much Stifland for your clarification without which I would always think the ADX "green" on Perry's set-up for Short was an inadvertent typo .. sorry!

Beth

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 wgreenie 
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perryg View Post
The ES had more Entries then you can beleive. I noted 6 entries, each with a 12 tick profit .i.e. 72 tick for the day.

Now that I have said all that, watch for the next posts with updated info.

Thanks to Perry and Stifland, I now understand that Green on ADX is good for entry (both long and short).

My heartfelt thanks to Perry for sharing more set-up. We all stay tuned to them .. smile ..

Beth

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 wgreenie 
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Hi Perry

I went through the Elite Download section and am unable to locate the following indicator:

JeffsUniversalMovingAverage

I tried 2 filter searches, ie Jeff and MA. Hmm, it's hiding from me. Will it be available from Jeff's new CCI thread? Appreciate more direction please. Thanks Perry!

Beth

++

Please DISREGARD the above request, I just located the indicator from the following thread Post #1:


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 eDanny 
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Here is an update to the DM indicator. Background colors are now available and are user selectable. Alerts are also available, both audio and in the Alert Window (shows which chart alert is from). Dan

Also - alerts are untested because I haven't run this through Market Replay.

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 perryg 
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Dan,

Once again thanks, you excel yourself. The enhancements look really good.

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 perryg 
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Here is an example trade of the 6E just after opeing trade today (Sunday), using the latest DMplus v3 with background colors. Lovely trade. Text book trade.

The background colors:

GREEN = Trade
GOLD= CHOP
BLUE = End of Trend

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 cbritton 
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perryg View Post
Here is an example trade of the 6E just after opeing trade today (Sunday), using the latest DMplus v3 with background colors. Lovely trade. Text book trade.

The background colors:

GREEN = Trade
GOLD= CHOP
BLUE = End of Trend

Is this using method 1 or method 2?

Thanks,
-C

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 Big Mike 
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Very nice thread, Perry. Keep it up



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 whoisthere48 
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Hi Perry,

I really appreciate all the time you put into this. I am really glad I found this thread.

I can't seem to get the JeffsUniversalMovingAverage.cs to work. I downloaded the cs file (JeffsUniversalMovingAverage.cs) and copied it into my indicators folder but I cannot get it to show up in the indicators dropdown. What am I doing wrong?

Thanks.

Richard

 
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 whoisthere48 
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Hey Perry,

Nevermind........... I just got the answer from Jeff.............. open the .cs file in NT editor and compile it and save it............ then it shows up just fine.

Richard

 
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 wgreenie 
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Hi Richard

For indicators in cs format, you will need to do the following before they will show up in the Indicators dropdown:

Control Center - Tools - Edit NinjaScript - Indicator

Choose an indicator and press F5 to compile

Good luck!

Beth

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 stifland 
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wgreenie View Post
Hi Richard

For indicators in cs format, you will need to do the following before they will show up in the Indicators dropdown:

Control Center - Tools - Edit NinjaScript - Indicator

Choose an indicator and press F5 to compile

Good luck!

Beth

Perry, this is awesome!! Only problem i think I might encounter which I'm sure is screen time will be on a quick chart such as 3 range. Counting 5 bar high/low and getting order in may be challenge

Beth, I don't have edit ninja script under tools. weird.

Nor can I seem too find jtrangemarker. Is it in Elite? didn't find in search.

 
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 eensor 
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stifland View Post
Perry, this is awesome!! Only problem i think I might encounter which I'm sure is screen time will be on a quick chart such as 3 range. Counting 5 bar high/low and getting order in may be challenge

Beth, I don't have edit ninja script under tools. weird.

Nor can I seem too find jtrangemarker. Is it in Elite? didn't find in search.

Here is the .zip file, thanks to Jeff:


Eddie


Editerd by max today :

i removed Jeffs MA here -- Jeff posted it in Elite-section to be Elite-stuff !
please respect this - if you dont, , people will not share their things anymore !
please keep this in mind eensor, + all !
thanks max

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 perryg 
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Method 1. The EMA (5) has turned DOWN 2 bars or more.

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 perryg 
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wgreenie View Post
Hi Perry

I have the following nice-to know issues:

1. Price Bar

i. Notice your staying with 2 main colors and no neutral bar which often means choppy. What's the logic behind this choice?

ii. If all indicators align for a Long while the price bar is red, should we still go ahead? Same as a short.

2. 4-Range Set-up

Most will use 2 timeframes, eg a 6- or 7-Range for trending and a 4-Range one for entry. What tool you have been using for trending in addition to the suggested 4-Range set-up?

3. Force Index (Panel 2) and ADX (Panel 3)

Must both be aligned before considering a trade? Based on Fri ES experience, ADX has not been aligned with most indicators. If one took the trades anyway (against ADX), they were still profitable ones. Having said that, it's no guarantee that it may work out favorably in the future rounds. Appreciate your thought on the ADX dilemma please.

No rush in addressing the above. Enjoying a Relaxing weekend.

Beth


stifland View Post
Perry, this is awesome!! Only problem i think I might encounter which I'm sure is screen time will be on a quick chart such as 3 range. Counting 5 bar high/low and getting order in may be challenge

Beth, I don't have edit ninja script under tools. weird.

Nor can I seem too find jtrangemarker. Is it in Elite? didn't find in search.

The use of 2 or 3 range bars is only in order to reduce the Stop Loss, or potential loss in case you are wrong. The larger the range bars, the bigger the SL and of course the bigger the profit target can be.

Said that, there is no problem to count 5 bars, you will quickly SEE the setup without virtually COUNTING. The setup does not occur in a second, it is a buildup. The direction of the TREND (EMA20), the direction of the EMA5. They are 2 very easy setups. Method 1 occurs all the time, while method 2 come around less often.

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 spx_tdr 
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Hey Perry wanted to personally thank you for all your work... Fantastic stuff!!!!!!

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 Alan 
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Perry,

Thanks for this awesome setup. It's simple and effective and hopefully very profitable.

What happened to the original indicators using the MA slope Box and SMA Colours? Are these now replaced with the new set ups? Please confirm.

 
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 perryg 
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Alan,

Yes the new setup are the ones we will work with from now.

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 perryg 
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Alan,

I may have been too quick to answer you regarding the SMA(40). At the moment I have taken it off, but it is quite possible that we can put it back on just to give a general BIG trend direction.

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 perryg 
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Another example this morning of the 6C. We have 2 setups in this move down. Basically the method 1 is confirming to us when to take a swing break when the condition are all in place. In the second example I have also shown, how an aggresive entry can be taken as well. The RED candle cuts the 5 EMA in half, giving all the condition of Method 1, so you could take this entry at close of the setup bar.

I have added the SMA(40) on the chart, just to show the LONG TERM TREND, and as we see this setup is just perfect.

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 stifland 
Belcher, LA
 
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perryg View Post
The use of 2 or 3 range bars is only in order to reduce the Stop Loss, or potential loss in case you are wrong. The larger the range bars, the bigger the SL and of course the bigger the profit target can be.

Said that, there is no problem to count 5 bars, you will quickly SEE the setup without virtually COUNTING. The setup does not occur in a second, it is a buildup. The direction of the TREND (EMA20), the direction of the EMA5. They are 2 very easy setups. Method 1 occurs all the time, while method 2 come around less often.


OK, understand. Is there a ratio as to SL you would use with 4 range, 5 range etc? 4 tix for 3 range chart is probably what I will start simming with which makes sense with my account size.

 
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 wgreenie 
Cambridge, Ontario
 
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stifland View Post
Beth, I don't have edit ninja script under tools. weird.

Hi stifland

I had that issue before. According to NJ Customer Service, it's related to the licence in the system. Unless one leases or buys one that comes with the sophisticated features, one cannot edit NinjaScript when using a live account (even it's switched to sim).

Solution: enter a sim licence number to Control Center - Help - License Key

then you will have all the sophisticated features back!

Beth

Visit my futures io Trade Journal
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 perryg 
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I do not think there is a ratio as to the Range Bar, it is more of a trial an error.

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 stifland 
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perryg View Post
I do not think there is a ratio as to the Range Bar, it is more of a trial an error.


This looked like a good entry as i understand it. Got within 1 tick of 1st PT, but then stopped out. I see there was a high way to left at same level. As far as signal, all seemed lined up, bar prioe to line was setup as it split fast line?

1 more question Do you guys put calculate hourly pivot on Murray to true or false? makes a big difference

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 perryg 
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You entered a trade that did not have enough SPACE to the next resistance. You should check if you have more than the 1 profit target.

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 eensor 
New Braunfels, TX
 
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eensor View Post
Here is the .zip file, thanks to Jeff:


Eddie


Editerd by max today :

i removed Jeffs MA here -- Jeff posted it in Elite-section to be Elite-stuff !
please respect this - if you dont, , people will not share their things anymore !
please keep this in mind eensor, + all !
thanks max

Please accept my apology. I just didn't think.

Thanks,
Eddie

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 cbritton 
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perryg View Post
ENTRY RULES:


Trading Method 2:

Long Entries:

...

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

...

Can you clarify this rules a bit? In the case of the long entry, if the lowest high in the last 5 is 3 bars back, must the high 3 bars back be greater than the EMA(20) three bars back or higher than the EMA(20) at the current bar? I think you mean the former, but I just want confirmation.

Thanks,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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 perryg 
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cbritton View Post
Can you clarify this rules a bit? In the case of the long entry, if the lowest high in the last 5 is 3 bars back, must the high 3 bars back be greater than the EMA(20) three bars back or higher than the EMA(20) at the current bar? I think you mean the former, but I just want confirmation.

Thanks,
-C

If the bar # 3 is the Lowest High of the 5 bars, then this bar #3 must be greater than the EMA(20). If this condition holds you can preceed. It goes without saying then that all the other 4 bars will be greater than the EMA(20)

I hope this is now clear.

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