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Viper Trading Systems Indicator


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Viper Trading Systems Indicator

  #181 (permalink)
 bandler6 
essex, nj
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 7 since Jul 2010
Thanks Given: 0
Thanks Received: 2

Nevermind that they use the actual Dodge Viper logo, goes to show how shameless they really are.

The only pearl of wisdom I got from them, was the use of Range bars. I simply wasn't familiar with them. I really like how they function and the story they tell, along with using a "trend" chart 1.5x the time period for some guidance. Other than that, I am am glad I never paid for more than one month (Oct-09). And I am even happier that I found futures.io (formerly BMT)

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  #182 (permalink)
 bandler6 
essex, nj
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
Posts: 7 since Jul 2010
Thanks Given: 0
Thanks Received: 2

I would add though, the one thing I thought was kind of neat on their AT window, was the PnL Plot on panel 2. It's a nice visual to see where you stand at any point in your trade/session as a graph, rather than step away to the Control Panel or the DOM.

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  #183 (permalink)
 jgreene 
Palm City, Fl
 
Experience: Beginner
Platform: Ninja
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 23 since Mar 2010
Thanks Given: 5
Thanks Received: 5


I am, for reason unknown, still on their distribution list. Their most recent email announced another $3,000 + day trading several markets and over $45,000 profit for the month. One would think with returns that large someone in the media would pick this up or users of their auto systems would be boasting all over the net!!!!!!!!!!!!!
Not a peep!!

Jack

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  #184 (permalink)
 sunfun72 
Zurich
 
Experience: Intermediate
Platform: Ninja Trader
Posts: 9 since Mar 2010
Thanks Given: 4
Thanks Received: 5

Hello

I am a subscriber for 3 weeks now. I have learned a lot of these guys. I now see the charts in a different way. I like attending their daily live trade webinar. It's very interesting and you get real time information about entering a trade or not. So far, I am quite happy with the offer.

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  #185 (permalink)
 SawDr 
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
Posts: 100 since Dec 2009
Thanks Given: 114
Thanks Received: 62

Trying to duplicate the Viper trailing stop - I used something similar before but can't find it. Anyone duplicate this?

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  #186 (permalink)
 SawDr 
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
Posts: 100 since Dec 2009
Thanks Given: 114
Thanks Received: 62


SawDr View Post
Trying to duplicate the Viper trailing stop - I used something similar before but can't find it. Anyone duplicate this?

Just found it = use Ninja's ATRTrailing stop with "Multi" set to 4.2 and "Period" set to 4. This matches exactly.

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  #187 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Futures, AMP, CQG
Trading: 6E
Posts: 1,731 since Jun 2009
Thanks Given: 517
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SawDr View Post
Just found it = use Ninja's ATRTrailing stop with "Multi" set to 4.2 and "Period" set to 4. This matches exactly.

SawDR,

TSSuperTrend also works rather well. Change default settings as follows:

SuperTrend Mode = "Adaptive" (default is ATR)
Multiplier = 4 (default is 2.618)
Moving Average Type = HMA (default)
Smoothing = 14 (default)


Actually, comparing the 2 on the same screen, the TSSuperTrend is a bit earlier in its recognition of the change in trend direction. Try 'em both out & compare. The thing I like about TSSuperTrend is, you can color the Up / Down stop dots, whereas in the ATRTrailingStop, they are always the same color. Just a minor difference, but one that may appeal to you.

After all, it's what you learn AFTER you know it all, that counts!
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  #188 (permalink)
eminitrader
Unites States
 
Posts: 35 since Sep 2010
Thanks Given: 10
Thanks Received: 13


tomgilb View Post
JJ,

Try this for NinjaTrader:

-Import the attached NinjaScript zip files using File, Utilities, Import NinjaScript... (do not unzip)
-Put the two .xml template files in your \NinjaTrader 6.5\templates\Chart folder
-Click on File, New, Chart... , select your instrument, days back, and preferred range bar size for the Trade chart, and choose the UnViper Trade template.
Repeat for the Trend chart, choosing the UnViper Trend template.

The default Trade chart range bar for ES is 5.
The default Trend chart range bar for ES is 7.
Range bar size will vary for other instruments, but the general rule is the Trend chart uses a range about 1.5 times the Trade chart.

Cautions: Both the Viper and UnViper will repaint the LinReg colors two segments back so it makes reviewing could-have trades inaccurate. And you'll find you need trading skills apart from their indicators (or the attached) to be profitable.

-Tom

Thanks Tom it looks just like it, pretty much the same thing for free
Anyway you can make it compatible with Ninja 7?
Thank You.

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  #189 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 215
Thanks Received: 603


eminitrader View Post
Thanks Tom it looks just like it, pretty much the same thing for free
Anyway you can make it compatible with Ninja 7?
Thank You.

Those indicators were written by others, and I'm not a programmer so someone else will have to update them.

I no longer use this system. If you can be consistently profitable with this then maybe you have the trading skills to not need it. Viper/Unviper is not enough by itself. Be careful with it. Trade sim for at least 1 month.

-Tom

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  #190 (permalink)
eminitrader
Unites States
 
Posts: 35 since Sep 2010
Thanks Given: 10
Thanks Received: 13



tomgilb View Post
Those indicators were written by others, and I'm not a programmer so someone else will have to update them.

I no longer use this system. If you can be consistently profitable with this then maybe you have the trading skills to not need it. Viper/Unviper is not enough by itself. Be careful with it. Trade sim for at least 1 month.

-Tom

Thank you Tom for your reply, and thank you for your compliment. I know I can trade without the system, but I just think it looks pretty cool and I like to dabble with other things just for the heck of it.

Hopefully someone else will update them.

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Last Updated on April 14, 2022


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