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Viper Trading Systems Indicator


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Viper Trading Systems Indicator

  #111 (permalink)
 
gfg1's Avatar
 gfg1 
USA
 
Experience: Intermediate
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Over the last month, I have been getting email updates from Maarten, and his system looks, on its face, decent enough. However, based on my Viper AT experience, for now sticking to manual entries and exits. Like the idea of blaming myself for losers and winners.

I sent Maarten an email with the link to this thread and asked him if he would join in and comment. Time will tell if he does.

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  #112 (permalink)
rubberduck
Capitol City,NC
 
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It seems like Maarten has learned from the viper team how to deal with emails. Unless you are a prospective subscriber you will be ignored.

When I was thinking of becoming a viper subscriber I emailed a question and it was answered promptly and thoroughly, then when I was a subscriber I sent 5 emails. They only replied to one, it had one compliment and 3 questions, Charles' reply was "thanks, glad you like it."

In one webinar a question was asked if they were going to hire someone for customer service, Gary said that he thought they were doing just fine, that gave me a chuckle. Most companies I'm paying on a monthly basis give me excellent customer service and want to keep me as a customer, except Charter Cable.

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  #113 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
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ronan2505 View Post
Zoethecus, I dont know what data feed your using but I'd get it checked out, I use Zen Fire.

I have just pulled up the russell (not trading it at the moment), and have attached the picture.

As you can see it took the trade short at 635.2 short, then retraced to 367.1 (1 tick from stop) and went into a good short, then took another short which was stopped out, now it's in a nice long on 2nd contract, so ticks today,

trade 1, 14 + 29 = 43
Trade 2, - 18 x 2 = -36
Trade 3. 14 and trailing stop is at 635.9 so thats minimum of another 24 ticks = 38 ticks

Total so far on Russell - 45 ticks, thats $450 if the 3rd trade stops out at its present trailing stop.

You obviously have issues with viper that have nothing to do with the AT, and why if you are so dead against their system are you a subscriber to the AT and spending $299 a month?

We dont' need no stinkin' Viper! Here's your snake!

After all, it's what you learn AFTER you know it all, that counts!
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  #114 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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TheWizard View Post
We dont' need no stinkin' Viper! Here's your snake!

Hey Wiz,

Excellent work. Could you take a moment and tell us what we are looking at?

Thanks, Jeff

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  #115 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
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Jeff Castille View Post
Hey Wiz,

Excellent work. Could you take a moment and tell us what we are looking at?

Thanks, Jeff

I posted that chart in response to a 4 range chart someone had posted showing Vipers entries / exits, with which I did not agree. You see, we really don't need no stinkin' Viper!
TF. 1/13/10. 6 MedianRenko ticks.
Panel # 1 = ADXVMA_Alerts_V05 (I think this is a modification (not mine) of ADXVMA_Alerts_Rjay (Rjay's original. Thank you, Rjay! !) - works the same - set to 5 period.
Panel # 2 = MACDZeroLagColors_V2 (my modification w/ background colors) set to 12,40,40
Panel #3 = SMIMultiColorWizMod (my modification of Cory's SMIMultiColor w/ background colors) set to 40,1,1,20,40
Panel # 4 = LeaderOfMACD_V2 (my modification of LeaderOfMACD w/ vertical line capability on price panel. Thin Blue = possible long, Thick Blue = Go long, Thin Red = possible short, Thick Red, go short, yellow - warning of potential price direction change, set to 12,26,9)

After all, it's what you learn AFTER you know it all, that counts!
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  #116 (permalink)
 Maarten 
NL
 
Posts: 3 since Jan 2010


gfg1 View Post
Over the last month, I have been getting email updates from Maarten, and his system looks, on its face, decent enough. However, based on my Viper AT experience, for now sticking to manual entries and exits. Like the idea of blaming myself for losers and winners.

I sent Maarten an email with the link to this thread and asked him if he would join in and comment. Time will tell if he does.

And I thought, why not...

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  #117 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
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Hi Wizard

How did you change the SIZE of the MurrayMath text to a larger font. Could you show me the code change, if any

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  #118 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
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perryg View Post
Hi Wizard

How did you change the SIZE of the MurrayMath text to a larger font. Could you show me the code change, if any

Right-Click on the chart panel & select PROPERTIES. You can change the font size, which makes every bit of text on the chart bigger.

After all, it's what you learn AFTER you know it all, that counts!
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  #119 (permalink)
 Sawtooth 
Prescott AZ USA
 
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tomgilb View Post
I knew that slippage was an issue, but I didn't realize it was to that extent. I guess the thin market and the rapid movements of the TF both work against you. My recharted backtest of the RussellsViper showed it to be the best of the bad. In reality, it probably had even greater drawdowns.

-Tom

I had another thought about why the slippage is so great with Viper's ATs. The strategies are huge and take a very long time to load on a chart, especially if you are using Market If Touched (MIT). The code probably looks like spaghetti and when an entry triggers, it takes forever to execute.

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  #120 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
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THanks. It did not occur to me as so simple, I was looking at the program and not at the most logical place.

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