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DTS Indicatorwarehouse

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  #1 (permalink)
 BarOne 
San Francisco, CA
 
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First this is only my opinion and a not a reflection of all the products offered by Indicatorwarehouse.

Indicatorwarehouse recently released their DTS system. While it does look like a great system taking a snapshot of a chart suited for each of the systems, it is really not worth even half the promo price.

Yes, I am a sucker for wasting money on systems. I have purchased Boomerang Currency Trader via Indicatorwarehouse. While initially I was not to impressed with it, in comparison to the DTS it blows its socks off for a fraction of the price. Sure, BCT doesn't give as many signals, but guess what it keeps helps with minimizing over trading and trading in chop.

I do like the mean renko bars, the only challenge with them is you have to have a large stop especially when using the DTS system with a 6, 8 and 12 ticks. If your stop is hit, you are hit hard, especially when signal entiries kick off in chop.

For the price, I would have expected a system that would help mitigate the number of potential trade signals in chop for each of the different systems.

Needless to say I am kicking myself for buying the system instead of continuing to leverage BCT.

No refunds, no trial period, no money back unless its due to failure of the system.

Again, this is purely my opinion.

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 Lornz 
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There's no way in hell I'm giving these people my email address, but I'd like to know how much it costs?

$7500?

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 SpyderTrader 
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blackrhino View Post
Yes, I am a sucker for wasting money on systems. I have purchased Boomerang Currency Trader via Indicatorwarehouse. While initially I was not to impressed with it, in comparison to the DTS it blows its socks off for a fraction of the price. Sure, BCT doesn't give as many signals, but guess what it keeps helps with minimizing over trading and trading in chop.

I do like the mean renko bars, the only challenge with them is you have to have a large stop especially when using the DTS system with a 6, 8 and 12 ticks. If your stop is hit, you are hit hard, especially when signal entiries kick off in chop.



Can't comment on the vendor or vendors system, but try the Median Renko, Better Renko.

Not sure what you mean about large stops.....stops are dependent on everyones personal financial risk tolerance.

When I use the Renko Bars (which are really friggin good) my stop is never more than 6-8 cents on CL......which is 60-80 bucks per contract.

And what on earth is the Boomerang Trader??

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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 BarOne 
San Francisco, CA
 
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what size renko bars do you use?

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  #6 (permalink)
 jeronamo 
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I was looking at them too and went to the webinar for the Hawk Scalper.

At the moment I am Impressed.

And Ive heard good things about their Trend channel break indicator from guys in the pro traders unite skype room.

However Ive seen unhappy things said about Indicator Warehouse from BigMike himself on another thread in here.

So I'm unsure what to do.

If you see this post Mike could you share some advice and any reasons to why... banning Adam etc....

I dont know anything about it btw .. just asking to help make decision on these indicators.

Thats why i joined as a member here to check out these indicators first and see what I can put together myself.

Thanks.

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 Big Mike 
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jeronamo View Post
If you see this post Mike could you share some advice and any reasons to why... banning Adam etc....



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 jeronamo 
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Thanks Mike, yeah that's the one I read... It's not completely clear to me what the reasons where but some do seem to think he's stealing indicators from here to sell them there.

Is this still going on? I guess I shouldn't trust this Adam guy or IW if he has been out of line before....it's kinds asking for trouble....

Thing is sounds like this was a long time ago... Are things different now, s anyone using their new indicators?

Confused....

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  #9 (permalink)
 otazaide 
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I have bought and been using their DTS systems since June 2012. It was a big chunk of change. Although I am struggling w trading--this is still one heck of a powerful system. Its heart is in the mean renko bars. I did read the negative posts here re: Adam Halpern before I dove in. You can say I had my eyes wide open when I made the jump. The thing that appealed to me the most was the uncluttered look of the charts and the signals they generate. You can set the audio so they can tell you if there's a trend, swing or scalp setup you MAY WANT to take. Of course you do not blindly take the software's signals. With trading you still need to think for yourself. The renko bars help greatly in visualizing pivot points together with support & resistance.

The most significant take-away I got were the lessons from the 2 instructors: Erich Senft and Ray Burke. These lessons were invaluable. Although Erich was the instructor for the most part. He said that the signals in the system are only suggestions. I agree wholeheartedly. I have experience in purchasing a couple of other systems but this is the one that I feel is more compatible with my personality. Their stops are big but they have a risk manager component to it that lets you make the trade if the risk is within your set parameters. This is one other thing that attracted me to the system--the risk management side. The other systems I bought did address this. And from watching futures.io (formerly BMT) webinars, I figured I need to address the risk side of trading.

One thing I have found out is no matter the system the things that matter most are your mind (how you approach & handle a trade) and your heart (how you are feeling during a trade).

I am still learning my way around this trading business and feel that I have a ways to go.
Hope this helps.

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  #10 (permalink)
 jsthor 
St. George UT
 
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Are you still using DTS? What do you think as of this date?

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  #11 (permalink)
 jeronamo 
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Well. its been a while I actually ended up getting all three DTS systems and I was very happy with them at first.
But I have managed to blow another 5k account. Perhaps its mistakes I made or my risk management. Really not every signal is going to be correct, at first that was only in consolidating markets but a few false break outs or quick reversals in a trending market can wipe you as-well. Its not to say I didn't get consistent with it, one week I would and then one day Bam! Lost everything I worked for. They do have a profit manager thing now but I don't like it at all, it changes my style too much and I actually trade worse with it.

In saying all that you do get access to Erich's room where he trades the Dow and Nasdaq futures mostly which I presume is live, and he does also get some consistency but I've seen him get spanked hard too. However he does seem to be very transparent about it, I don't get the same dodgy feeling I have from other places, so there is some integrity in it.

How much of the system you can put together from odds and ends in here, I have no idea. I know if I tried I would make a mess of it which is why I bought them.

Conclusion? - I don't know yet, what I'm going to do now. It isn't long term consistent enough (for my style?)

I am seriously leaning towards some sort of automated trading that I keep a very close eye on, perhaps building it myself or at least getting my hands on a good system and tweaking it. Blue Wave has caught my eye but I am in no way going to be forking out cash again so its back to the drawing board for me.


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 Daytrader999 
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Hi all,

Since I purchased the DTS System a long time ago but won't use it anymore, I'd like to offer my licenses of my complete DTS System to anybody who might be interested.

This offer includes the Hawk Micro Scalper, the Falcon Swing Trader, the Eagle Trend Trader and the Trade Manager as well as the Mean Renko bars, the Omni Timer and the Logi Counter.

There are also DTS licenses available for a second machine id which includes the Hawk Micro Scalper, the Falcon Swing Trader, the Eagle Trend Trader and the Trade Manager .

The transfer of any of these licenses to another person has been officially approved by IW, so everything will be strictly official and legal.

Please PM me if you are interested in this offer, or taking anything into consideration.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 Daytrader999 
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As of today, this offer has expired and is no longer valid.

Thank you for your interest.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 tracer888 
Ashburn, VA
 
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I've been looking at this system forever, really on the fence about it. The price tag is gigantic, would love to know if anyone who actually bought it (around 4k) actually made that back.

Ray seems nice, and Erich in the rooms but I'll widen it further, anyone even make half that investment (2k) from the DTS 4 or DTS 5?

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 tflanner 
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@tracer888

I own the Hawk and the Falcon. I was treasury futures spread trader for close to 15 years and never used charts. Been trading the YM for almost 2 years now. I bought the Hawk and Falcon before i heard of futures.io (formerly BMT). I bought it because I had never developed a system or purchased a system. I had a friend that hired an expensive programmer and spent a ton of money devloping systems that never worked. I thought I would avoid this and buy this system as essentially an aid to what I am doing already. FYI, i have a good chunk of capital....so the purchase price of DTS was not really an issue.

I have a mixed opinion on whether you should purchase this software or not. Overall, I am relatively pleased with the product, however, if you do the work you can figure things on your own via futures.io (formerly BMT) (for free). I like Erich profit run room, although i am really dialed in to what I am doing so i don't pay much attention to it. It is free though with the software. If you purchase DTS, it will not make your profitable. Only you can make yourself profitable.


In short, if your not real well capitilized I would not purchase DTS. I would focus your time and money on BTM. Read MFB thread, all of Jeff Castile journals, the ATM method by JD Neeman, the webinars, Price action threads etc....

Finally, if you are really looking for a system I think there are cheaper ones out there......

good luck

The Market is Smarter than You Are
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 tracer888 
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I have to admit I'm very partial to Perry's and the Wizard actually.

Not that falcon/hawk/any indicator is a magic bullet but 4k is a serious outlay for indicators when you have futures.io (formerly BMT) around that is for sure, that and one of their indies (well several like coral filter) look exactly the same.

One thing from watching their vids is trying to gauge trend, I know they simplified(over?) things but anything like a basic CCI would be good just so you don't take that last leg where you know you're going to get nailed.

I'm semi successful now using Wizard frankly, that set of indis is well worth the price of admission to futures.io (formerly BMT) frankly.

I don't know what it is, the allure of DTS signal lines?

From using the system for awhile you do find value to having it around as long as you've done other analysis with it?

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 tflanner 
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i do find some value in the Hawk and Falcon....but again you can replicate it for the most part via futures.io (formerly BMT)

I was a mean reversion trader and i needed help going with the trend. It has helped in that regard.

I am basically a DUMB Floor guy, i needed a little hand holding.

I am not familar with the Wizard. I will check it out and perhaps PM you.

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 tracer888 
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tflanner View Post
i do find some value in the Hawk and Falcon....but again you can replicate it for the most part via futures.io (formerly BMT)

I was a mean reversion trader and i needed help going with the trend. It has helped in that regard.

I am basically a DUMB Floor guy, i needed a little hand holding.

I am not familar with the Wizard. I will check it out and perhaps PM you.



I trade it slightly differently, I actually put the CCI Countdown on there and like that a LOT
the CCI countdown is here ...

You get some fantastic entry ideas off that CCI countdown IMHO That and the MacBBLines for confirmation.

Been working on a bot for the auto bot wars on here based on that CCI countdown + macBB lines actually, should have it ready for next month.

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 tlopez51 
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tracer888 View Post
I've been looking at this system forever, really on the fence about it. The price tag is gigantic, would love to know if anyone who actually bought it (around 4k) actually made that back.

Ray seems nice, and Erich in the rooms but I'll widen it further, anyone even make half that investment (2k) from the DTS 4 or DTS 5?

I purchased DTS one bird at a time. You can find my review at the below link (7th down from the top on down). Self explanatory but can help to answer questions.

Indicator Warehouse Reviews and Testimonials for Day Trading Systems and Indicators | NinjaTrader Indicator Warehouse | Day Trading Software, Systems & Indicators for Ninja Trader | 877-646-5249

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 Al99 
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tracer888 View Post
I've been looking at this system forever, really on the fence about it. The price tag is gigantic, would love to know if anyone who actually bought it (around 4k) actually made that back.

Ray seems nice, and Erich in the rooms but I'll widen it further, anyone even make half that investment (2k) from the DTS 4 or DTS 5?

I purchased the DTS package about 3 months ago. The system paid for itself within the first 6 weeks. To be fair, I must tell you that I trade 2 Dax contracts at a time and when trading the NQ I trade 6 contracts, so, I suppose one could say this helped. I have also been trading for about 15 years. I do watch other stuff like the 3 minute cci, support and resistance levels, but my decisions are made with the DTI system.

My stops are also a lot tighter than what IW suggests and when my first target is hit (4 points on the Dax) I bring the stop to break even. In this last week the Dax was not giving any nice trends, so my target is 4 points for both contracts. Doing this a few times a day gives me a very nice daily return.

I watch the longer term "bird", but I do not trade the signals it gives. I feel the risk of my stops to my entry would be to big. I do not like being in the market for too long. That's just me. Others love the longer term signals.

I wish a system like this was available when I started trading. I think it would be a great system for new traders if they stick to the rules of it. Lets face it, there is loads to learn about trading and when we start, we all just want to get down to it. DTS would be the way to go. The backup from these guys is also very good.

Is there better systems out there ? Probably, but this one seems to do the job.

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 Daytrader999 
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tracer888 View Post
I've been looking at this system forever, really on the fence about it. The price tag is gigantic, would love to know if anyone who actually bought it (around 4k) actually made that back.

Ray seems nice, and Erich in the rooms but I'll widen it further, anyone even make half that investment (2k) from the DTS 4 or DTS 5?

Well, I'd like to approach your question this way...I already own all three DTS birds quite a long time, and since I've tried many systems during my 'career' as a part-time trader (like many others before), I have to state that DTS has been the first system / method which managed to prevent me from LOOSING money over the long haul.

Having that said, I have to admit that I didn't make $4k as of now but definitely banked more than $2k so far, which made up for some of the losses I had to suffer from when I was using other systems or vendor's stuff.

But IMHO there are a few other important things in DTS which makes it very valuable for ME and MY personal trading (style):

If you consider DTS solely as a pure 'signal generator' and follow every single signal on the charts, you will certainly fail without any doubt and blow your account on a single trading day...and although the charts are clean and look like 'esay to follow', you need to spend a lot of time to LEARN not only to select the 'right' signals but look at the CONTEXT like PA, support and resistance, swing levels, other time frames and maybe even VWAP (like I do). And Erich does a really great job in the room by patiently explaining and repeating these essentials over and over again.

So, bottom line I would summarize the value of DTS for MY PERSONAL USE that DTS helps me to visualize market state / conditions best and gives me some very high potential signals for trade entries, but much more important for ME is that it very often shows me when NOT to take a trade...but that's only me, and for me DTS fits best to my trading style and comfort zone.


BTW, and just for the records, I'm NOT in any way affiliated to Indicator Warehouse, and I don't get paid for stating my personal opinion of DTS here either.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 trendisyourfriend 
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Daytrader999 View Post
...
If you consider DTS solely as a pure 'signal generator' and follow every single signal on the charts, you will certainly fail without any doubt and blow your account on a single trading day...

So if i read you correctly, the signals do not provide an edge. All signals are equal in this regard, right?


Daytrader999 View Post
... you need to spend a lot of time to LEARN not only to select the 'right' signals but look at the CONTEXT like PA, support and resistance, swing levels, other time frames and maybe even VWAP (like I do).

Is the VWAP part of their package?

How is the software helping you in interpreting market CONTEXT?
Is this the place where their visual system shines the most? Can you elaborate on this aspect?


Daytrader999 View Post
...
So, bottom line I would summarize the value of DTS for MY PERSONAL USE that DTS helps me to visualize market state / conditions best and gives me some very high potential signals for trade entries, but much more important for ME is that it very often shows me when NOT to take a trade...but that's only me, and for me DTS fits best to my trading style and comfort zone.

I am confused here as you wrote we should not consider DTS solely as a pure 'signal generator' but then you imply the system gives you some very high potential signals for trade entries. How does the system identify these high potential signals for you?

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 Daytrader999 
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trendisyourfriend View Post
So if i read you correctly, the signals do not provide an edge. All signals are equal in this regard, right?

Well, of course not every signal provides an edge, there's still a good portion of discretion left in your trading decision. Each bird has some higher probability signals as well as signals that you should not take. This depends on how you interpret current market state compared with the higher time frames.

For example, if you see the market retrace only a few ticks after a huge move and after apparently picking up the trend again you should be very cautious because this particular pullback might be not enough, and the market will possibly test the 'extreme' once again before the trend continues.
Another example could be a trend change on the Hawk (lower time frame). which suddenly stops at the 'hard edge' of the Eagle (higher time frame), so I would not take the signal of the Hawk because most often this move will come to an end and test the other side before it possibly breaks this particular support.


Quoting 
Is the VWAP part of their package?

How is the software helping you in interpreting market CONTEXT?
Is this the place where their visual system shines the most? Can you elaborate on this aspect?

VWAP is not part of DTS, I'm using Fat Tails' Session VWAP on the Eagle.

As I mentioned before, if a trade setup presents itself on one of the birds, I look at the other two birds in order to find confirmation for entering the trade. If all three birds are in confluence I'll take the trade.


Quoting 
I am confused here as you wrote we should not consider DTS solely as a pure 'signal generator' but then you imply the system gives you some very high potential signals for trade entries. How does the system identify these high potential signals for you?

If you watch the system in real time you will find out that every market has its own characteristics regarding how to interpret the signals. While CL usually responds very well to the hard edge of the Eagle and continues with the trend, NQ usually tends to turn and reverse, which results in a 'red bar buy' or 'green bar sell' signal.

If you are not familiar with DTS, I'd highly recommend to watch one of Erich Senft's recordings of his trading sessions in order to get an idea of how he identifies these high probability trades. This helped me a lot to get a better understanding of how the three birds work together and how to avoid lower probability signals.

Of course, like ANY other system or method this doesn't work all the time, but if you strictly stick to the rules of DTS and have the ability to patiently wait for the 'right setups', you'll definitely make some money.
But let me state this again, it certainly takes more time than you might expect, it's NOT THE HOLY GRAIL and NO 'out of the box' system that you can use without taking your time to LEARN everything about it.

Hope this helps...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #24 (permalink)
 BeachTrader 
San Diego
 
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Daytrader999 View Post
Well, of course not every signal provides an edge, there's still a good portion of discretion left in your trading decision. Each bird has some higher probability signals as well as signals that you should not take. This depends on how you interpret current market state compared with the higher time frames.

For example, if you see the market retrace only a few ticks after a huge move and after apparently picking up the trend again you should be very cautious because this particular pullback might be not enough, and the market will possibly test the 'extreme' once again before the trend continues.
Another example could be a trend change on the Hawk (lower time frame). which suddenly stops at the 'hard edge' of the Eagle (higher time frame), so I would not take the signal of the Hawk because most often this move will come to an end and test the other side before it possibly breaks this particular support.



VWAP is not part of DTS, I'm using Fat Tails' Session VWAP on the Eagle.

As I mentioned before, if a trade setup presents itself on one of the birds, I look at the other two birds in order to find confirmation for entering the trade. If all three birds are in confluence I'll take the trade.



If you watch the system in real time you will find out that every market has its own characteristics regarding how to interpret the signals. While CL usually responds very well to the hard edge of the Eagle and continues with the trend, NQ usually tends to turn and reverse, which results in a 'red bar buy' or 'green bar sell' signal.

If you are not familiar with DTS, I'd highly recommend to watch one of Erich Senft's recordings of his trading sessions in order to get an idea of how he identifies these high probability trades. This helped me a lot to get a better understanding of how the three birds work together and how to avoid lower probability signals.

Of course, like ANY other system or method this doesn't work all the time, but if you strictly stick to the rules of DTS and have the ability to patiently wait for the 'right setups', you'll definitely make some money.
But let me state this again, it certainly takes more time than you might expect, it's NOT THE HOLY GRAIL and NO 'out of the box' system that you can use without taking your time to LEARN everything about it.

Hope this helps...

Now I am really confused. Didn't you try to sell your DTS system because you no longer use it (according to the following post earlier in this thread).


Daytrader999 View Post
Hi all,

Since I purchased the DTS System a long time ago but won't use it anymore, I'd like to offer my licenses of my complete DTS System to anybody who might be interested.

This offer includes the Hawk Micro Scalper, the Falcon Swing Trader, the Eagle Trend Trader and the Trade Manager as well as the Mean Renko bars, the Omni Timer and the Logi Counter.

There are also DTS licenses available for a second machine id which includes the Hawk Micro Scalper, the Falcon Swing Trader, the Eagle Trend Trader and the Trade Manager .

The transfer of any of these licenses to another person has been officially approved by IW, so everything will be strictly official and legal.

Please PM me if you are interested in this offer, or taking anything into consideration.


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  #25 (permalink)
 Daytrader999 
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BeachTrader View Post
Now I am really confused. Didn't you try to sell your DTS system because you no longer use it (according to the following post earlier in this thread).

No need to be confused, I tried to sell DTS because at this time I seriously thought about giving up completely on trading since I was just too busy with my regular day job with literally NO time left for ANYTHING.

But thank God sometimes things can change to the good, so as I've got more time now I'm glad I didn't sell it.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 tlopez51 
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Daytrader999 View Post
If you consider DTS solely as a pure 'signal generator' and follow every single signal on the charts, you will certainly fail without any doubt and blow your account on a single trading day

Were you to take only the best probability or chance of success signals where all three birds are in total agreement/sync/alignment with each other then how is it possible to blow up an account especially when using in combination the Trade Manager to curve against taking on too much risk to begin with? Unless of course every trade is a loosing one? Really?

To say a system is 100% successful is misleading but any system that can generate more than a 50% chance of success per trade is a winner in my book. Even the algos aren't always that accurate. So please don't mind me for being a bit confused with the above statement.

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 Daytrader999 
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tlopez51 View Post
Were you to take only the best probability or chance of success signals where all three birds are in total agreement/sync/alignment with each other then how is it possible to blow up an account especially when using in combination the Trade Manager to curve against taking on too much risk to begin with? Unless of course every trade is a loosing one? Really?

To say a system is 100% successful is misleading but any system that can generate more than a 50% chance of success per trade is a winner in my book. Even the algos aren't always that accurate. So please don't mind me for being a bit confused with the above statement.

Well, as I mentioned before DTS IS NOT THE HOLY GRAIL and of course you can have loosing trades even if all three birds are in sync as e.g. you can always be a victim of a deeper retracement which will eventually stop you out...that's trading.
And if I remember correctly, I didn't mention the use of Trade Manager, which of course will prevent you from blowing your acount if your risk parameters are set correctly, especially since TM was not part of the originally DTS system.
But if you lack the necessary discipline you might also be tempted to increase your risk percentage and wipe out your account...so it's all up to you.

My statistics on DTS don't go back long enough to make a solid statement, but if you focus on only a few high probability signals your win percentage will be >50% for sure.

And as for any other system or methodology, if anyone is interested to learn more about DTS you should check it out for yourself if this is for you...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #28 (permalink)
 tlopez51 
Clifton, NJ/USA
 
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Daytrader999 View Post
Well, as I mentioned before DTS IS NOT THE HOLY GRAIL and of course you can have loosing trades even if all three birds are in sync as e.g. you can always be a victim of a deeper retracement which will eventually stop you out...that's trading.
And if I remember correctly, I didn't mention the use of Trade Manager, which of course will prevent you from blowing your acount if your risk parameters are set correctly, especially since TM was not part of the originally DTS system.
But if you lack the necessary discipline you might also be tempted to increase your risk percentage and wipe out your account...so it's all up to you.

My statistics on DTS don't go back long enough to make a solid statement, but if you focus on only a few high probability signals your win percentage will be >50% for sure.

And as for any other system or methodology, if anyone is interested to learn more about DTS you should check it out for yourself if this is for you...

So if I am reading the tea leaves correctly the suggestion is to just simply opt out of any trading system because . . . and stick to plain ole charts analysis, TPO, Fibo, MACD, etc., or perhaps join a trade room which is about the only thing I can think of is left. Forget about any of the free tools available here too because if used/not used as intended it's a 50/50 crap shoot anyhow. TastyTrade? Rob Hoffman? Todd Mitchell? Many others. Which?

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 fourtiwinks 
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tlopez51 View Post
So if I am reading the tea leaves correctly the suggestion is to just simply opt out of any trading system because . . . and stick to plain ole charts analysis, TPO, Fibo, MACD, etc., or perhaps join a trade room which is about the only thing I can think of is left. Forget about any of the free tools available here too because if used/not used as intended it's a 50/50 crap shoot anyhow. TastyTrade? Rob Hoffman? Todd Mitchell? Many others. Which?

Your comment seems needlessly sarcastic.

I think Daytrader999 has made it very clear (with a number of posts). It is his just personal opinion and experience that DTS is useful to his trading, but each of us have to do our own due diligence for each trading system if we want to explore further.

Every trading systems can work for someone but no trading system will work for everyone.

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 tlopez51 
Clifton, NJ/USA
 
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fourtiwinks View Post
Your comment seems needlessly sarcastic.

No. Not at all. I am not here to bash/flame on anyone or any one thing. Don't have the time or desire for that sort of nonsense. Just pointing to the fact that tools are what you make of them. If something works, then stick with it. If it doesn't, then it's time to either look for something different but realize too that poor results could be in the way you are using those tools.

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 Cachevary 
Russia,Khabarovsk
 
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Daytrader999 View Post
Well, of course not every signal provides an edge, there's still a good portion of discretion left in your trading decision. Each bird has some higher probability signals as well as signals that you should not take. This depends on how you interpret current market state compared with the higher time frames.

Why don`t you use the higher time frame then?

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 Daytrader999 
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Cachevary View Post
Why don`t you use the higher time frame then?

I'm sorry if I wasn't clear on that before, but I'm using a 12 iwMeanRenko chart as a higher time frame for every instrument I'm trading.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 tlopez51 
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Daytrader999 View Post
I'm sorry if I wasn't clear on that before, but I'm using a 12 iwMeanRenko chart as a higher time frame for every instrument I'm trading.

Here's how I trade the YM and others with the Eagle (10 Tick IW-MeanRenko) side-by-side with Ichimoku 30 min chart.

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 Cachevary 
Russia,Khabarovsk
 
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tlopez51 View Post
Here's how I trade the YM and others with the Eagle (10 Tick IW-MeanRenko) side-by-side with Ichimoku 30 min chart.


Why do you need Ichymoku if you bought the complete system.Is DTS that mediocre then,if you need additional tools?

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  #35 (permalink)
 tlopez51 
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Cachevary View Post
Why do you need Ichymoku if you bought the complete system.Is DTS that mediocre then,if you need additional tools?

Personally I never take trades by just looking at one indicator type alone. Ichimoku just happens to be one of the many tools I like to look at and is one of my favorites amongst others like fibonacci levels, market profile, order flow and so on but DTS is what I gauge a go or no go decision in the final end.

Also, a closer look at the DTS Eagle chart shows that I use a 10 Tick time frame as opposed to the recommended 12. Then to identify 1-2-3 wave patterns I also add a ZigZag indicator to DTS and plain vanilla charts.

That's just my prefered trading style and not meaning to imply DTS is a mediocre system. On the contrary.

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 Itchymoku 
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Cachevary View Post
Why do you need Ichymoku if you bought the complete system.Is DTS that mediocre then,if you need additional tools?

hey! I'm no tool!

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #37 (permalink)
 drago1 
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Draw your own lines. know previous days levels. retracements. Extension of Initial Balance. Order Flow. Do EVERYTHING manually. Then you will know all the actionable zones. And you will stay out of the middle go nowhere. Continually draw and measure. Keep a tactile connection to levels.

Then the market patterns as the action of thousands of speculators like you ( eg. the market ) makes more sense.
Keep it simple. Expect casualties, exit go nowhere trades and take hostages in bite size chunks. Good trading.

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neoflix
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Hello All,

I have complete DTS system and I'm going to let go. If anyone is looking to purchase, please pm me.

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 Cloudy 
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tradingschools review

Indicator Warehouse - Trading Schools.Org

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 AnyM 
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Cloudy View Post

Also beware buying any of their indicators. If your machine ID changes, which mine does regularly because I use a laptop and I get system updates frequently, this changes the NT machine ID. They charge $10 for each indicator that needs to be registered to the new machine ID. In my mind this is a complete rip off.

Every other vendor does it for nothing.

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 Big Mike 
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AnyM View Post
Also beware buying any of their indicators. If your machine ID changes, which mine does regularly because I use a laptop and I get system updates frequently, this changes the NT machine ID. They charge $10 for each indicator that needs to be registered to the new machine ID. In my mind this is a complete rip off.

Every other vendor does it for nothing.

You should check with @NinjaTrader support, there is no reason your machine ID should be changing after software updates -- that I know of anyway. Now, if you are using a VM or if you are changing hardware, then yes...

Mike

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 AnyM 
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Big Mike View Post
You should check with @NinjaTrader support, there is no reason your machine ID should be changing after software updates -- that I know of anyway. Now, if you are using a VM or if you are changing hardware, then yes...

Mike

Thanks for the reply. I use a laptop, I travel extensively. 1st one was the Microsoft surface book. 2nd one is the Dell XPS 9550. Both had numerous system updates via the BIOS, apparently that is what causes the machine ID`s to change

Nevertheless other companies selling 3rd party indicators don't charge US$10 to have the indicators I bought off of them to the new machine ID.

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 forgiven 
Fletcher NC
 
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BarOne View Post
First this is only my opinion and a not a reflection of all the products offered by Indicatorwarehouse.

Indicatorwarehouse recently released their DTS system. While it does look like a great system taking a snapshot of a chart suited for each of the systems, it is really not worth even half the promo price.

Yes, I am a sucker for wasting money on systems. I have purchased Boomerang Currency Trader via Indicatorwarehouse. While initially I was not to impressed with it, in comparison to the DTS it blows its socks off for a fraction of the price. Sure, BCT doesn't give as many signals, but guess what it keeps helps with minimizing over trading and trading in chop.

I do like the mean renko bars, the only challenge with them is you have to have a large stop especially when using the DTS system with a 6, 8 and 12 ticks. If your stop is hit, you are hit hard, especially when signal entiries kick off in chop.

For the price, I would have expected a system that would help mitigate the number of potential trade signals in chop for each of the different systems.

Needless to say I am kicking myself for buying the system instead of continuing to leverage BCT.

No refunds, no trial period, no money back unless its due to failure of the system.

Again, this is purely my opinion.

any system from IW you can be sure of two things 1. massive overpriced 2. complete 100% pure b.s.

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