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how is eotpro's ncep working


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how is eotpro's ncep working

  #11 (permalink)
daedalus
Omaha, NE
 
Posts: 47 since Nov 2009
Thanks Given: 15
Thanks Received: 25


jthom View Post
Yeah, have just obtained it today. Am using it in a strategy at the moment with Green signals. Seems quite impressive. (On a good moving day.)

Any chance you could post up a couple screen shots if you get a chance of a normal day? 6E/ES, anything like that?

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  #12 (permalink)
 jthom 
Sydney / Australia
 
Experience: Intermediate
Platform: NT
Broker: AMP
Trading: Oil
Posts: 118 since Jun 2009
Thanks Given: 128
Thanks Received: 105

I will start a EOT trading journal over the next few days. Ill post exactly how everything works. Keep an eye out for it

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  #13 (permalink)
 earlyriser 
Denver
 
Experience: Intermediate
Platform: Ninja
Broker: Zen Fire
Trading: GC, CL
Posts: 12 since Jan 2010
Thanks Given: 6
Thanks Received: 5


I like EOT all of them are nice and honest. That said what is the point of spend so much money building NCEP just to constantly override signals? Bill constantly uses discretion. Have you seen they show 70% on a long right into the HOD when its a ranging day? Doesn't make logical sense.

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  #14 (permalink)
 chartman 
ottawa ontario canada
 
Experience: Intermediate
Platform: ninja trader
Broker: ninja trader brokerage
Trading: es
Posts: 100 since Sep 2009
Thanks Given: 17
Thanks Received: 23

Jthom iam thinking of getting it to trade the ES with seems to work good.just have a question for you what type of stops do you use for the ES.do you use their price chanels or do you have a hard fixed stop you use on all trades.they suggested to use their price chanels indicator if so how big the stop isaproximatly
thank you for your help
fawaz

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  #15 (permalink)
 jthom 
Sydney / Australia
 
Experience: Intermediate
Platform: NT
Broker: AMP
Trading: Oil
Posts: 118 since Jun 2009
Thanks Given: 128
Thanks Received: 105

Chartman,

I only use low risk signals which are the green ones. I do not use any price channels etc. I only aim for 1 point, with a 1.5 point stop. I know this is small, but remember the NCEP indicator only plots on a 4 Range bar. ES is extremely volatile so I just aim small. I use a second contract to trail. So once 1 point is reached, my stop on my 2nd contract moves to break even. Are you using an ATM Template?
Bills ATM template is extremely risky to use if your account size is small, so be careful there.
Let me know how you go.

I am using an automated strategy, so all my trades are not entered in by myself.
I typically get 2 - 3 trades during US market hours. Still testing at the moment, but will post pics soon.

Good luck


James.

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  #16 (permalink)
 chartman 
ottawa ontario canada
 
Experience: Intermediate
Platform: ninja trader
Broker: ninja trader brokerage
Trading: es
Posts: 100 since Sep 2009
Thanks Given: 17
Thanks Received: 23

jthom thank you for your help and insight.i will be testing it soon.do you recommend going live with it .or simulate first.i trade the ES and 6e
thnks

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  #17 (permalink)
 jthom 
Sydney / Australia
 
Experience: Intermediate
Platform: NT
Broker: AMP
Trading: Oil
Posts: 118 since Jun 2009
Thanks Given: 128
Thanks Received: 105

Hey Chartman,

No worries. Glad to be of help. I would simulate it first. Not worth using real money if you are not confident with your system. Do you have it automated or are you trading discretionary?



James

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  #18 (permalink)
 chartman 
ottawa ontario canada
 
Experience: Intermediate
Platform: ninja trader
Broker: ninja trader brokerage
Trading: es
Posts: 100 since Sep 2009
Thanks Given: 17
Thanks Received: 23

jthom thaank you no discretionary.would you say 70% winning rate for the green aroow signals(at least a point per signal).
thnks

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  #19 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009


jthom View Post
Yeah you purchase it on monthly billing. It something like $320.

That's not exactly pocket change.

Here is Zoe's first rule of purchasing things of this nature. The product has to generate 10X the monthly fee each month to justify the cost. Now that's for something that cranks out order signals without discretion on your part.

If discretion is involved then stay away from anything that is more than $100 a month. Remember, pay for performance, not for a fun place to hang out with an entertaining moderator. Trading costs are high enough without additional bells and whistles that don't increase your bottom line.

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  #20 (permalink)
 
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 Dragon 
Bellingham, WA
 
Experience: Intermediate
Platform: Ninja
Broker: Zen-Fire
Trading: 6E, CL
Posts: 491 since Aug 2009
Thanks Given: 747
Thanks Received: 259


Yeah I agree. It sounds like alot to fork out. Are you paying for all the indicators for that? I still would like to see the journal jt wants to create on NCEP.

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