Anybody has used AbleTrend from AbleSys? - futures io
futures io



Anybody has used AbleTrend from AbleSys?


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one fido with 4 posts (24 thanks)
    2. looks_two Oriole with 3 posts (0 thanks)
    3. looks_3 longboat with 3 posts (2 thanks)
    4. looks_4 rameshraja with 3 posts (2 thanks)
      Best Posters
    1. looks_one tradermark2009 with 10 thanks per post
    2. looks_two fido with 6 thanks per post
    3. looks_3 researcher247 with 6 thanks per post
    4. looks_4 Jack22 with 2.5 thanks per post
    1. trending_up 57,874 views
    2. thumb_up 71 thanks given
    3. group 31 followers
    1. forum 48 posts
    2. attach_file 17 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Anybody has used AbleTrend from AbleSys?

(login for full post details)
  #1 (permalink)
 dstrader 
Chicago, USA
 
Experience: Advanced
Platform: TS, NT, TOS, SSE, IRT
Trading: ES, currency futures, options, stocks
 
Posts: 195 since Dec 2010
Thanks: 329 given, 274 received

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!

Started this thread Reply With Quote
The following user says Thank You to dstrader for this post:

Can you help answer these questions
from other members on futures io?
Equity Option commissions
The Elite Circle
How to avoid wiping out the accounts?
Currencies
Does anyone have the code for Anchored Vwap to use in Qu …
Traders Hideout
Cessation of Micro JPY / The first Micro Bites the Dust
Currencies
What are the main Eurobond futures and their respective …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Vinny E-Mini & Algobox Review TRADE ROOM
54 thanks
Why dont people trade 150 ES contracts?
22 thanks
Daytrading.Coach Review
18 thanks
Design a DayTrader Scalping Order Flow Indicator
12 thanks
Am I finally on the right path?
10 thanks
 
(login for full post details)
  #3 (permalink)
 fido 
Bangkok, Thailand
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja Trader Brokerage/Continuum
Trading: ES
 
fido's Avatar
 
Posts: 46 since Nov 2010
Thanks: 174 given, 50 received


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).



Reply With Quote
 
(login for full post details)
  #4 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 975 given, 274 received

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).




Reply With Quote
The following 10 users say Thank You to tradermark2009 for this post:
 
(login for full post details)
  #5 (permalink)
 Timot 
London
 
 
Posts: 26 since May 2011

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.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 nicktummers 
San Antonio, Texas
 
Experience: Beginner
Platform: Trade Station
Trading: NQ
 
Posts: 3 since May 2011
Thanks: 1 given, 1 received

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!

Reply With Quote
 
(login for full post details)
  #7 (permalink)
 PlatinumTrader 
Arizona
 
Experience: Intermediate
Platform: Ninjatrader
Broker: zen fire
Trading: ES, oil, forex,
 
Posts: 3 since Apr 2010
Thanks: 1 given, 1 received

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

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,151 since Jun 2009
Thanks: 32,659 given, 99,119 received


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

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #9 (permalink)
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
 
plethora's Avatar
 
Posts: 629 since Dec 2010
Thanks: 1,174 given, 425 received




Reply With Quote
 
(login for full post details)
  #10 (permalink)
 fido 
Bangkok, Thailand
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja Trader Brokerage/Continuum
Trading: ES
 
fido's Avatar
 
Posts: 46 since Nov 2010
Thanks: 174 given, 50 received


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.


Reply With Quote
The following user says Thank You to fido for this post:


futures io Trading Community Trading Reviews and Vendors > Anybody has used AbleTrend from AbleSys?


Last Updated on March 3, 2020


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts