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Anybody has used AbleTrend from AbleSys?


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Anybody has used AbleTrend from AbleSys?

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  #41 (permalink)
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
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Might be an old thread but still, would like to thank you guys for figuring things out. Someone in another forum was recently promoting this Ablesys, saying it is very a profitable system created by some Chinese guy living in California, and we can make back the fees with just 1 week of trading, which sounds too good to be true to me...

I am now experimenting with various settings on the shared indicators. Once again, thank you guys.


fido View Post
The QQE indicator can be downloaded from this thread :

https://futures.io/vendors-product-reviews/7098-has-anyone-ever-heard-eminisniper-com-33.html#post279834

I have had a few questions about the BigMo indicator so let me just clarify. The BigMo is just a HMA 89 ... only difference is that the BigMo changes color with the slope. I should probably have removed it from the chart to avoid any misunderstandings.



tradermark2009 View Post
Fido...you are correct about Able...the color bars are based on a 10 EMA moving average coloring...using +/_ slope of that EMA to color the bars. The rest of the system is based on stops of the ATR. They use a 2 and 4 ATR, and trigger on a 4 ATR for a reversal, then wait and take the next pullback to the 2 ATR then enter in the first green color bar for a long, and a red for a short. Stop follows the 2 atr by a tick of 2. Use the tick or range bars that meets your $$ mgt. of 1.0 to 1.5 lost per trading account. Hope that helps, instead of spending 280 for 6 months like I did 4-5 years ago. I like to use a higher time frame of 2.5 to 3 to trigger the entry vs. the 4 ATR...but it is really the same, just a little tighter.


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  #42 (permalink)
Naples FLA
 
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Great thread. I was looking at this and would never spend $3000-$4000. Glad you all debunked it. Looks like the Supertrend indicator is a useful indicator so Iíll try to find it in the downloads. Thank You.

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  #43 (permalink)
Philadelphia, Pa
 
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Silvester17 View Post
if I'm not mistaken, asc trend is about the same thing like able trend:



a similar version can be found here:


Silvester17 is correct. I found them an excellent match.

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  #44 (permalink)
Naples FLA
 
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longboat View Post
Silvester17 is correct. I found them an excellent match.

Whatís the interpretation of the red and blue dot structure?

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  #45 (permalink)
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Dot color has to line up with the bar color. They use the dots as stops 2 levels back and trail. They say best applied to a 5min or 3min chart. Dots come from a longer term time frame 3X the entry chart.

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  #46 (permalink)
San Jose, California
 
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Oriole View Post
Great thread. I was looking at this and would never spend $3000-$4000. Glad you all debunked it. Looks like the Supertrend indicator is a useful indicator so Iíll try to find it in the downloads. Thank You.

It's supposed to be used as a STOP LOSS method similar to the PAR SAR, but people end up using it as a trending indicator and get completely spanked when the market chops. If you do decide to use this indicator, make sure you are able to identify chop or you'll get crushed.




longboat View Post
Dots come from a longer term time frame 3X the entry chart.




I'm also calling BS on the 3x timeframe because this would be logically impossible if it was really using a higher MTF to chart the dots.

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  #47 (permalink)
Keller, TX USA
 
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A guy in another forum duplicated Able Sys in 30 minutes on thinkorswim - its not rocket surgery

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  #48 (permalink)
Surrey, UK
 
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I looked at this software a few years ago. If you get sample charts from AbleSys, you will find that each chart is optimized with DIFFERENT settings even on the same timeframe to make it look good. Keep well away and don't waste your money!!

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  #49 (permalink)
Naples FLA
 
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Agree, I eliminated this system too.

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