I hope it is ok to post this here in this thread, but I am finally really going to quit trading, and I have an AbleTrend for Ninjatrader license, which I want to sell.
If you are interested, please pm me and tell me how much you would be willing to pay. Bank transfer and Paypal preferred.
Thanks a lot, many greetings,
Oliver
Can you help answer these questions from other members on futures io?
They do have ability on nt 8 to put a set of dots based on the 3 min, and another based on the 9 min on same chart without showing those bars.
would be nice to figure this out with available io indicators because it is a mice multitimframe virw
I looked into Abletrend when I was on Tradestation. Never bought it though. AbleTrend comes as an indicator and a strategy. I believe its similar to Supertrend and if you ask them to send you charts the ones they send you have different settings. Infact I believe the strategy version is optimized to look good for the data. If you are really interested ask them to send you some brokerage statements for a few months. You won't get even one.
I used it for a year. It is the same indicators as Acme Trend 1 & 2 actually and similar to TS Super trend which can be downloaded for free on here! Yes you can get some big winners as it will keep you in trades a long time, however the stops are huge! When you take a stop out it really hurts. The charts they post are usually hand picked for the best results. They don't show days that they get chopped up. One day it is a 3 min chart the next day's post is a 2 min chart or a 15 m chart.... Their method is usually based on 3 min. charts and those stops are large enough.
You can make money with it, but in my opinion you need a big account and the patience to hold the winners most of the day to offset all the 15-20+ tick losers. Like any other method the chop will kill you. They say it keeps you out of the chop...well maybe some days.
Good luck. It is way over priced you can create your own similar method from free indicators on IO.
would you not need to be able to back test and forward test these kind of systems on multi years of data over multi markets and time frames . then use special software to tweek the systems for max results. if you can not do that how would you know if there is an edge on any of this b.s. just beacuse they say it has one or it cost a lot of money...lola
With any nearly 100% rule-based methodology if you are primarily a non-discretionary intraday trader you are best to look at data sets that include
a) volatile, non-volatile, uptrending/downtrending markets
b) at least 500+ trades
c) 6+ months of valid testing w/daily & weekly results that include total trades (non b.e. trades) that give you total trades/win %/profit factor/reward to risk factor and total $$'s profit per trade
One must also decide trading hours, conservative margin per contract, if you will use a stop win/stop loss goal for day and/or week and many other factors.
99% of traders won't do this. They won't know there own interpretation of trade management so well it becomes robotic.
I've traded intraday since the late 80's and I still do all of the above w/the many intraday methods I have created for myself.
I never use live funds unless I have at least 6 months of data intraday under a variety of trading conditions. If trading conditions remain constant for many months of testing I then go out of sample and use my existing rules to see if the method is robust enough to put real money on the line.
Now, currently I am using abletrend because I am a w/trend breakout and w/trend pullback trader (my preference). However - w/any method no one uses it the same. I use it because it objectively shows me the short and long-term trend 100% visually and objectively without any input or work on my part so I can then concentrate what I am best on (creating trade management & entry techniques).
I used to do everything on my own but I just hit 50+ years old and that's too many steps involved for me now.
You must study it intraday for consistent themes that represent trading opportunities and you also must trade intraday markets at the correct times (high volume times) and trade markets that move alot of ticks (for w/trend breakout and trend pb methods).
There are no shortcuts - it's not a part-time hobby either or casual avocation. You want to risk and to make the real money - you work it like any other professional would.
I imagine myself as an engineer building a solid foundation from the ground up (whatever method I am testing/tweaking/creating) and then I 'stress' test it like a statistician going forward.
Most trader's simply don't have enough time in the market under a variety of trading conditions for their ideas to hold water consistently over time.
It is okay to make slight changes to something that is successful over time but it must be logical and something that through careful observation has a clear and logical edge and fits in with your existing setups.
Finally, you have to enjoy being uncomfortable w/risk & uncertainty. You must also be able to tolerate being wrong at least 35 to 50% if you are a non scalper. Day in, day out. Week in, week out.
Frankly, I really don't believe in being a 5 days a week intraday trader 48+ weeks per year. I'm good for about 25 weeks per year up to 35 weeks per year. I also use a stop-win goal for the week that is typically 2.75X's my modest weekly goal, so I have alot of weeks where after sometimes 2 - but more often 3 or 4 days each week I am done for the week and can turn off the charts.
I don't recommend smart guys to investigate intraday futures trading unless they are willing to risk at least 20K like it doesn't mean anything to them, and that is AFTER they have spent at least 2-3 years testing in sim with the guidelines I wrote about at the top of this post.
It's that difficult. However, if you find real edges over time - they stay that way forever in the right intraday markets.
I also do the same type of reasoning for trading daily diversified portfolios - you then really need to look at random 6 month periods of time that go back at least 10 years under a variety of conditions. It is grueling long-term work and takes much work to find the good consistent edges that stand the test of time as well.
For me, the only enjoyable aspect of trading is the unlimited profit potential without having to work with anyone else - a truly independent career.
peace...
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