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Anybody has used AbleTrend from AbleSys?


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Anybody has used AbleTrend from AbleSys?

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  #1 (permalink)
 dstrader 
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Is anybody using their service?

I watched a webinar ( AbleSys - NinjaTrader Partner Presentations - 11/14/2012 - YouTube ) few days ago, and they say they have thousands and thousands of successful subscribers. I don't know anybody among all the traders I know that has ever used this software or company. It seems just a simple volatility stop type indicator (anaSuperTrend for example).

They also claim that only AbleTrend has won Stocks & Commodities magazine readers' choice awards of triple trading systems for 16 years in a row. So, if they are in business for so long with such a success, I'm surprised I couldn't even find one entry about AbleTrend on futures.io (formerly BMT)F in my search.

Please, let me know if you have ever tried the software and your experience (please do not reply with comments like, you will be chopped on ranging markets with such type indicators... I already know that... I want to know how they are using such simple aproach to make someone successful or this is just another BOMB! ).

Thanks!

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 fido 
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They have been marketing their products aggressively the last few months and I got a little curious and decided to give the paid 1 month trial a try. It is basically a trend following system and can be applied to all chart types and time frames.
I'm not going to write a whole book about this but jump right to the conclusion:

Could you make money from using the AbleTrend software ?
Absolutely, if you are disciplined and able to follow the rules consistently - but that is the case with most systems, isn't it ?

Do you need AbleTrend to trade successfully ?
Absolutely not, I have attached two screenshots of crude oil. The first is with AbleTrend and the second is with indicators downloaded from futures.io (formerly BMT).



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 tradermark2009 
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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.


fido View Post
They have been marketing their products aggressively the last few months and I got a little curious and decided to give the paid 1 month trial a try. It is basically a trend following system and can be applied to all chart types and time frames.
I'm not going to write a whole book about this but jump right to the conclusion:

Could you make money from using the AbleTrend software ?
Absolutely, if you are disciplined and able to follow the rules consistently - but that is the case with most systems, isn't it ?

Do you need AbleTrend to trade successfully ?
Absolutely not, I have attached two screenshots of crude oil. The first is with AbleTrend and the second is with indicators downloaded from futures.io (formerly BMT).




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  #5 (permalink)
 Timot 
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I think it is a very simple trend following system based on MA crosses. The drawdown of such systems can get very large. Trend followers had a hard time last year because of volatility in their timeframe.

I replied because I liked fido's response and I agree with him. I have never used the product.

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  #6 (permalink)
 nicktummers 
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Thanks so much to everyone who posts and shares on futures.io (formerly BMT)F! Regardring the note which said that there are downloads available on the Forum for everything to replicate what the Able Sys program does, can you point me in the right direction as to where I can find them? I tried looking in the downloads section and only found a couple of the items shown in the indicator screen shot. Thanks for your help! I am new to all this so if I am doing this post incorrectly, please let me know. Thanks!

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 PlatinumTrader 
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Indicators such as the QQE shown on his screenshot would be nice.

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 Big Mike 
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PlatinumTrader View Post
Indicators such as the QQE shown on his screenshot would be nice.

That is a free indicator, just use search tools.

Mike

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 plethora 
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  #10 (permalink)
 fido 
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The QQE indicator can be downloaded from this thread :



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.


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 ChicagoGregg 
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fido View Post
They have been marketing their products aggressively the last few months and I got a little curious and decided to give the paid 1 month trial a try. It is basically a trend following system and can be applied to all chart types and time frames.
I'm not going to write a whole book about this but jump right to the conclusion:

Could you make money from using the AbleTrend software ?
Absolutely, if you are disciplined and able to follow the rules consistently - but that is the case with most systems, isn't it ?

Do you need AbleTrend to trade successfully ?
Absolutely not, I have attached two screenshots of crude oil. The first is with AbleTrend and the second is with indicators downloaded from futures.io (formerly BMT).



Hi Fido and fellow futures.io (formerly BMT)ers,

I previously was playing around with SuperTrend. I ran across AbleTrend while doing some additional research. Now, I'm evaluating AbleSys' AbleTrend. I did a quick search here and found this interesting as well. I'm in agreement that both are very similar. I'm trying to duplicate the settings in SuperTrend so it provides the same signals as AbleTrend.

I've downloaded the latest SuperTrend U11 (which, after searching around, appears to be the latest). The screenshot in the previous thread from 2010 is probably an older version...

Could someone help me identify which SuperTrend settings I should change so as to providing the same AbleTrend indications? I could only see the QQE indicator settings in the previous thread and not sure what the SuperTrend ones were representing (within the parentheses).

I've attached a screenshot with both SuperTrend (top two charts) and AbleTrend (bottom two charts).

I will be giving AbleTrend another month trial and test it out side-by-side with SuperTrend. Results will follow in another thread when I can duplicate and perhaps fine-tune the settings!

Thanks in advance!

-Gregg

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 stargazer55 
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I tried it out for a month. It doesn't work that great in a choppy market. At times I had received false buy/sell signals. It seemed to work well in a strong trending market. I think this indicator is ok but In my opinion I think its too expensive (at least for me). If anyone is interested, try it out for a month and see how it works for you.

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 rameshraja 
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fido View Post
They have been marketing their products aggressively the last few months and I got a little curious and decided to give the paid 1 month trial a try. It is basically a trend following system and can be applied to all chart types and time frames.
I'm not going to write a whole book about this but jump right to the conclusion:

Could you make money from using the AbleTrend software ?
Absolutely, if you are disciplined and able to follow the rules consistently - but that is the case with most systems, isn't it ?

Do you need AbleTrend to trade successfully ?
Absolutely not, I have attached two screenshots of crude oil. The first is with AbleTrend and the second is with indicators downloaded from futures.io (formerly BMT).




This is my First post in this Forum..

Can Fido or any member guide me the link from where I can download this Indicator.

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 cory 
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rameshraja View Post
This is my First post in this Forum..

Can Fido or any member guide me the link from where I can download this Indicator.

use search tool https://futures.io/search/attachments/

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 rameshraja 
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Hello Cory

Thanks for your reply.

I am not getting the download link for the Indicator.. I am only getting the screenshot which is uploaded by Fido.

Please help me to download this Indicator.

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 Silvester17 
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if I'm not mistaken, asc trend is about the same thing like able trend:



a similar version can be found here:


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 rameshraja 
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Hello Silvester17

Thanks a lot for your guidance.

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 dhiebert 
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Hey fellow traders!

I am a new member in the elite circle. One of the main reasons that I am here is due to this thread. I really like the indicators available that can give me a trading system similar to what Abletrend has. I viewed all of the thread so far, and really like what is here. To my dismay, however, most of these indicators are not available for Multicharts

From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

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 cory 
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dhiebert View Post
Hey fellow traders!

.....
From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

sure!
a) few people do multicharts coding
b) fewer still know both ninja and multicharts coding
c) therefore your option is limited to hiring someone to translate them and the expense will be far more than what multicharts cost. Not to mention more indicators you want to try down the road.
or download free ninja and start running those indicators and hundreds more.

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 dhiebert 
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cory View Post
sure!
a) few people do multicharts coding
b) fewer still know both ninja and multicharts coding
c) therefore your option is limited to hiring someone to translate them and the expense will be far more than what multicharts cost. Not to mention more indicators you want to try down the road.
or download free ninja and start running those indicators and hundreds more.

Thanks for the input! Free ninja? I didn't know there was free Ninja lol I will have to dig into that!

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 fido 
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dhiebert View Post
Hey fellow traders!

I am a new member in the elite circle. One of the main reasons that I am here is due to this thread. I really like the indicators available that can give me a trading system similar to what Abletrend has. I viewed all of the thread so far, and really like what is here. To my dismay, however, most of these indicators are not available for Multicharts

From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

Hi David,

Just to clarify a few things:
The indicators you see on my chart template was not part of the ablesys package. I applied the Supertrend and Ablesys to to the standard template I was using at that time for comparison. If I had know that I would post them on futures.io (formerly BMT) later on I would have used a clean chart to avoid any misunderstandings. So in order to make your own replica you really only need a Supertrend indicator. My ablesys trial expired a long time ago so I'm not really able to redo the experiment.

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 kevinkdog   is a Vendor
 
 
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dhiebert View Post
Hey fellow traders!

I am a new member in the elite circle. One of the main reasons that I am here is due to this thread. I really like the indicators available that can give me a trading system similar to what Abletrend has. I viewed all of the thread so far, and really like what is here. To my dismay, however, most of these indicators are not available for Multicharts

From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

futures.io (formerly BMT) is not the best place to go for Multicharts or Tradestation support - most people here seem to be Ninja, Sierra Charts, etc.

Have you looked at the Multicharts forum? I would think something as well known as Ablesys has been copycatted in MC.

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 olobay 
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dhiebert View Post
Hey fellow traders!

I am a new member in the elite circle. One of the main reasons that I am here is due to this thread. I really like the indicators available that can give me a trading system similar to what Abletrend has. I viewed all of the thread so far, and really like what is here. To my dismay, however, most of these indicators are not available for Multicharts

From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

There are 2 versions of Supertrend on futures.io (formerly BMT). Don't know what the differences are though. You can find them here:

https://futures.io/local_links_sort.php?catid=9&filter=&sort=d&page=1&pp=10&keyid=47

https://futures.io/local_links_sort.php?catid=3&filter=&sort=d&page=1&pp=10&keyid=47

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 olobay 
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dhiebert View Post
Hey fellow traders!

I am a new member in the elite circle. One of the main reasons that I am here is due to this thread. I really like the indicators available that can give me a trading system similar to what Abletrend has. I viewed all of the thread so far, and really like what is here. To my dismay, however, most of these indicators are not available for Multicharts

From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

Here's the RSqueeze.

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Register to download File Type: pla RSqueeze.pla (12.5 KB, 88 views)
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 dhiebert 
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fido View Post
Hi David,

Just to clarify a few things:
The indicators you see on my chart template was not part of the ablesys package. I applied the Supertrend and Ablesys to to the standard template I was using at that time for comparison. If I had know that I would post them on futures.io (formerly BMT) later on I would have used a clean chart to avoid any misunderstandings. So in order to make your own replica you really only need a Supertrend indicator. My ablesys trial expired a long time ago so I'm not really able to redo the experiment.

Yes, I did figure that... at the same time, however, the indicators that you had on the chart looked kinda interesting. I thought I would experiment with them. Do you still use them? I'm pretty new here... trying to find what is the best etc... if you have any suggestions for great indicators/systems, it would be greatly appreciated for any feedback! Thanks again. David

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 fido 
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I'm in the process of stripping my charts for indicators but I still like to use a 21 EMA and a 50 SMA on most of them .. I guess I realised that trading a purely mechanical system didn't work well for me.

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 Jack22 
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dhiebert View Post
Hey fellow traders!

I am a new member in the elite circle. One of the main reasons that I am here is due to this thread. I really like the indicators available that can give me a trading system similar to what Abletrend has. I viewed all of the thread so far, and really like what is here. To my dismay, however, most of these indicators are not available for Multicharts

From what I see, I am looking for the following:

QQE
T2U_BIGMO
RSQUEEZE
TSSupertrend
Ana Pivots Daily

I own a lifetime multicharts program, and do not really want to have to switch to Ninja trader (as it appears that all of these indicators are only available for ninja)

Hoping anyone can help!!

Thanks,
David

Don't get your hopes up too much about duplicating AbleTrend with indicators talked about in this thread. Here are some screen shots of AbleTrend vs the settings that people have presented in this thread. Do I make money with it? First let me say that I am NOT affiliated with AbleTrend. I have not been successful trading the ES with AbleTrend, what I have found to be the best is trading the EURUSD with a 3 minute and 8 range chart. I think you could probably get the same number of pips or if you traded crude or gold, you could get the same number of ticks if you traded any supertrend indicator on MTF and reading price action.

The other important thing is, at least in ninja, the indicator if running on cobc = false, repaints (maybe one or two bars back). Not badly, but I run a cobc = true (does not repaint) and cobc=false when I run AbleTrendTS. The AbleTrend package in NT is resource intensive--your ninja will start up slower and if I run too many instances of AbleTrend on my machine it bogs it down too much.

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 gdstuart 
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@Jack22

I found the two tsipeASCtrend cs files in the download area, but I had to zip them in order to import to NT7. The import of the zip file worked but they don't appear in the Indicator list to apply to my chart. So then I created tsipEasctrend1 manually in NT, saved it, but it still doesn't appear. I'm very new to NT. Can you steer me in the right direction so I can try out tsipEasctrend1?

Is there some special format to the zip file I need to use when I create it?

Thanks!

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  #29 (permalink)
 Jack22 
Washington DC
 
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gdstuart View Post
@Jack22

I found the two tsipeASCtrend cs files in the download area, but I had to zip them in order to import to NT7. The import of the zip file worked but they don't appear in the Indicator list to apply to my chart. So then I created tsipEasctrend1 manually in NT, saved it, but it still doesn't appear. I'm very new to NT. Can you steer me in the right direction so I can try out tsipEasctrend1?

Is there some special format to the zip file I need to use when I create it?

Thanks!

I am not sure which ones you are using, so I uploaded the ones that I know show up in Ninja's indicator list as the file name:
1. Put all three files in (change "USER"):"C:\Users\USER\Documents\NinjaTrader 7\bin\Custom\Indicator
2. On Ninja's Control Panel go to Tools, Edit Ninjascript, Indicator, choose any file and click ok
3. Right click on the new window that comes up and click compile
4. The indicators should show up as the file names in Ninja's indicator listing

Attached Files
Register to download File Type: cs tsipeASCtrend1.cs (8.7 KB, 185 views)
Register to download File Type: cs tsipeASCtrend2.cs (10.3 KB, 151 views)
Register to download File Type: cs tsipeASCtrend3.cs (10.5 KB, 167 views)
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  #30 (permalink)
 gdstuart 
Hammonton NJ
 
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@Jack22,

Many thanks for these. I was about to ask you about documentation when I thought better of it and Google'd ASCTrend to see what I'd find on the web. Interestingly enough, Wintick.com (the AbleTrend folks) sell the ASCTrend indicators in a set of four for TradeStation users. The examples look suspiciously just like AbleTrend charts, the subject of this thread starter, which I'm being pressed to order by a very (ahem) assertive salesman at Wintick.

I found it interesting that their pitch claims "You don't need to purchase any expensive software platform that can cost you from $2,500 to $5,000. The cost of ASCTrend is a bargain compared to what it can do for you." I hit the Purchase button to see how much they charge, expecting something like $399. SURPRISE! It costs $5995.00!

I think I'll keep learning Ninja and continue digging here in futures.io (formerly BMT).

Geoff

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  #31 (permalink)
 ostadler 
Munich, Germany
 
Experience: Intermediate
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Hi all,

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

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  #32 (permalink)
 forgiven 
Fletcher NC
 
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dstrader View Post
Is anybody using their service?

I watched a webinar ( AbleSys - NinjaTrader Partner Presentations - 11/14/2012 - YouTube ) few days ago, and they say they have thousands and thousands of successful subscribers. I don't know anybody among all the traders I know that has ever used this software or company. It seems just a simple volatility stop type indicator (anaSuperTrend for example).

They also claim that only AbleTrend has won Stocks & Commodities magazine readers' choice awards of triple trading systems for 16 years in a row. So, if they are in business for so long with such a success, I'm surprised I couldn't even find one entry about AbleTrend on futures.io (formerly BMT)F in my search.

Please, let me know if you have ever tried the software and your experience (please do not reply with comments like, you will be chopped on ranging markets with such type indicators... I already know that... I want to know how they are using such simple aproach to make someone successful or this is just another BOMB! ).

Thanks!

use the free super trend indicator in the down load area

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  #33 (permalink)
 stifland 
Belcher, LA
 
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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

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  #34 (permalink)
 iq200 
Surrey, UK
 
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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.

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  #35 (permalink)
 stifland 
Belcher, LA
 
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iq200 View Post
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.

and 6K lol. woah

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  #36 (permalink)
 JJ11 
The Netherlands, Europe
 
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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:


Is there also a N.Tr. 8 version from this indicator?

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  #37 (permalink)
 longboat 
Philadelphia, Pa
 
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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.

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  #38 (permalink)
 dk27 
Europe
 
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Just explore Fat Tails indicators in NT8 downloads section.


JJ11 View Post
Is there also a N.Tr. 8 version from this indicator?


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  #39 (permalink)
 forgiven 
Fletcher NC
 
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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

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  #40 (permalink)
 researcher247 
Chicago, IL
 
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Yep.

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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  #41 (permalink)
 dyst 
Singapore
 
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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 :



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.


Numbers work... Magic lies in the numbers
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  #42 (permalink)
 Oriole 
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)
 longboat 
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)
 Oriole 
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)
 longboat 
Philadelphia, Pa
 
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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)
 trepidation 
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)
 aircal 
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)
 iq200 
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)
 Oriole 
Naples FLA
 
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Agree, I eliminated this system too.

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