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Boomerang indicator system at indicatorwarehouse.com


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Boomerang indicator system at indicatorwarehouse.com

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  #1 (permalink)
 Maestro 
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Has anyone looked at the Boomerang system at indicatorwarehouse.com? It looks like a couple of MAs in panel 1 (?). The forceindex in panel 2 looks interesting. Anyone have an idea of what it is? If this is not a good thread for this post please feel free to move it. Thanks.

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 perryg 
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I use the ForceIndex. An excellent indicator that not a lot know about. It was developed by Dr. Elder along time ago, and basically is as follows:

((CLOSE (Today) - CLOSE(Yesterday)) * Volume(Today). Even though the formula refers to "Today" and "Yesterday", it can be used on Daily, Weekly and Intraday charts as the program counts bars and not days.
If the indicator is above ZERO you are LONG and if below ZERO you are short. It is so simple but gives you the momentum and force of direction.

I use this indicator daily for intraday trading and it keeps me on the right side of the trend. If anybody is interested I can upload it here.

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 AR01 
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perryg View Post
I use the ForceIndex. An excellent indicator that not a lot know about. It was developed by Dr. Elder along time ago, and basically is as follows:

((CLOSE (Today) - CLOSE(Yesterday)) * Volume(Today). Even though the formula refers to "Today" and "Yesterday", it can be used on Daily, Weekly and Intraday charts as the program counts bars and not days.
If the indicator is above ZERO you are LONG and if below ZERO you are short. It is so simple but gives you the momentum and force of direction.

I use this indicator daily for intraday trading and it keeps me on the right side of the trend. If anybody is interested I can upload it here.

PerryG,
Please do upload to the downloads section. It would be appreciated.

Andrew

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 perryg 
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Here is the Index. The attached index was kindly enhanced for me by eDanny a member of this board. It now has colours for Above and Below zero.

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 Maestro 
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Thanks for this Perry.

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 zeller4 
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perryg View Post
Here is the Index. The attached index was kindly enhanced for me by eDanny a member of this board. It now has colours for Above and Below zero.


Thanks for this... I'm curious if someone who knows how to use this type of plot (shown below) would show me how to do this for Min and Max to plot above and below zero in lieu of what is in the current version.
 
Code

if(CurrentBar == 0)
{
Plots[1].Min = Lines[0].Value;
Plots[2].Max = Lines[0].Value;
Plots[4].Min = Lines[0].Value;
Plots[5].Max = Lines[0].Value;
}

Roonius was kind enough to do this to a stochastics file but i'm unsure how to use it with the switch-case-break style of coding.
Thanks for any help you can give to further my education.
Kirk

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 zeller4 
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Thanks to my friend TraderWerks, I was able to finish this.

Try this for a different plot style above / below zero.

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 perryg 
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Had a look at the new indicator. If I use the same numbers on the old one, cannot see the difference. Can you please explain.

Another suggestion is try using 13 EMA on only one indicator and set the other one to transparent. A further way to use this indicator - this is the way I use it, is to make the line a DASH with width 90. You then get a very nice clean indicator at the bottom of the chart changing colours when below and above zero. Although this indicator can almost pinpoint your entry, you must use it in conjunction with another indicator that can confirm your entry.

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 zeller4 
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Hi PerryG,

For whatever it's worth...

Unless you have something different, the ForceIndex that I had from your earlier post colors the plots slightly above / below the zero line.

I understand how your code looked at previous bar vs current bar to change the color.

See that attached screenshot.

2010-04-05_1508


HTH,

Kirk

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 Maestro 
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I had already changed the fast line to transparent, but I had not tried the dash setting. But the dash style has to be set to DASH and the plot style has to be set to HASH. I found that for me a period of 26--using an HMA--looks pretty good. Definitely has to be combined with something else particularly for exits.

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 zeller4 
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Maestro View Post
I had already changed the fast line to transparent, but I had not tried the dash setting. But the dash style has to be set to DASH and the plot style has to be set to HASH. I found that for me a period of 26--using an HMA--looks pretty good. Definitely has to be combined with something else particularly for exits.

Is that to try to match the Boomerang system?

kz

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 perryg 
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Kirk,

Here we go. EMA(7) is black line, and SMA(15) the Blue line (dots). Force index EMA 13. This exactly matches the ES on 1/22/2010 which is on their site. The ForceIndex is not exactly the same but good enough.

This is how I trade, with different numbers but the same idea. I also use an DMI-ADX

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 Maestro 
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zeller4 View Post
Is that to try to match the Boomerang system?

kz

The hash/dash was to try perryg's suggestion. I think that even though it looks clean the line chart may be of more value. With the line you can see when the indicator is flat and hugging the zero line. It also shows some divergences. I'm experimenting with EMA vs. HMA as well as different periods. Somewhere in the mid 20's to mid 30's is looking pretty good. Definitely not quite the same as boomerang's. The colors change above/below the zero line, but close.

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 Maestro 
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Kirk,

Here we go. EMA(7) is black line, and SMA(15) the Blue line (dots). Force index EMA 13. This exactly matches the ES on 1/22/2010 which is on their site. The ForceIndex is not exactly the same but good enough.

This is how I trade, with different numbers but the same idea. I also use an DMI-ADX

Kirk, You must have posted this as I was typing my last reply. Obviously what I did re. the dash thing was incorrect. I'll set up a chart with your settings. Also, I have DMI and ADX, but not DMI-ADX. Is that an indicator or are you using the individual indies? How are you using them?
Thanks for all the info.

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 perryg 
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THis is how I trade. Have attached the chart for 6E from todays trades. I use EMA(7) = Black line, LinReg(34) = dash line, ForceIndex (EMA 13), and ADX_multicolour (5,15) with DM(5). I also read the PRICE ACTION - very important

You can see the good trades for today.

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 emini_Holy_Grail 
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PerryG - what is your time zone in the chart?

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 perryg 
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TIme zone GMT+3 or EST +7

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 emini_Holy_Grail 
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zeller

I used Force Index v02 in the chart attached and it looks different and has 2 lines whereas yours has 1 lien and look clean. I sued same EMA6 and EMA13 for Force Index.

In panel, 1 , Blue is EMA(7) , and Blue dots are SMA(15) to match PerryG's and Boomerang specs

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 zeller4 
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if you only want the one line style, I believe Perry mentioned (in post #8) to make the other one Transparent.

Also, mine is HMA not EMA.

HTH,

Kirk

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 stifland 
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searching high and low for a 1 chart 6e trading vehicle. this looks great. Now all MM and disciplne. is the adx multicolor ninja or here on bmt?

Thanks much perry

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 perryg 
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Go to download and look for Jeff ADX ver 1. This is the exact same ADX-Mutlicolor, but it is for Elite members only.

https://futures.io/free_downloads/vip_elite_circle/399-download.html?action=jump

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 stifland 
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perryg View Post
Go to download and look for Jeff ADX ver 1. This is the exact same ADX-Mutlicolor, but it is for Elite members only.

https://futures.io/free_downloads/vip_elite_circle/399-download.html?action=jump

Thanks Perry, a couple of questions. The force has a fast and a slow ema. Do you both on 13? and how do you make style to be all bars of same height rather than above/below zero?
Also, the Lin Reg in ninja I don't see having up slop and down slope colors.
Thanks.

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 stifland 
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wait!! got the dash/hash thing.

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 taxman 
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Yes, I brought boomerang. I tested out the EMAs and the Force index settings posted on this site. It appears to be close enough to my charts with the Boomerang indicators. In other words, I could have save $299.

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 john2000 
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So Taxman,

If you don't mind sharing, what are the setup and rules for Entry/Exit?

Thanks in advance,
John

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 taxman 
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To be safe. I rather not say. The company puts confidential/copyright on every page of the instructions (pdf file) even though there is no non-disclosure agreement signed by purchaser. Read the discussions in this forum should help you to get an idea.

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 Affliction 
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john2000

The link below will show SOME of the information you where looking for earlier today - scroll down to the sixth entry in the blog. Its not much but something - stops. I did a quick search on boomerang and came up with this so far.

ninjatraderiw

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 john2000 
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Thank you Taxman and Affliction!!!

John

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 spx_tdr 
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Anyone know how they made the BFI (Boomerang Force indicator) look like that?

Thanks

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 randyjb 
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Yes, in settings instead of choosing "line" choose "square" instead.

Happy Trading,
Randy

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HyperionFX
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what happened to all the chart images from this thread? I would love to see them for comparison purposes, especially the ones from perryg's posts.

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 max-td 
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HyperionFX,
sorry thats my fault i think - i made a mistake by managing the spam-posts + that seems to have deleted the pics!
gonna have a look if it can be reversed.

max-td
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 max-td 
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i checked this but the pictures a blown up with my action - i have no way to restore them from my or mikes side here - thats been my fault.

all we+you can do is : uplaod them again in new postings.

i just can say : sorry for that, guys!
this will not happen again.

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 spx_tdr 
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Here is what I have so far and I have been SIM trading it - Not bad when you of course you follow the rules - The only thing I added was the MA slopeline - Another thing I dont have down as yet is the setting for the Force Indi - The top one is EMA and the bottom one is HMA - But still have not been able to figure out the actual setting... But non the less it still works alright. Will keep testing it!!!! 2010-04-12_0906

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 perryg 
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I think you will find that the EMA(5) and the SMA(14) is the exact fit for the MA lines. I then use the ForceIndex on a EMA(13)

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 timefreedom 
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spx_tdr View Post
Here is what I have so far and I have been SIM trading it - Not bad when you of course you follow the rules - The only thing I added was the MA slopeline - Another thing I dont have down as yet is the setting for the Force Indi - The top one is EMA and the bottom one is HMA - But still have not been able to figure out the actual setting... But non the less it still works alright. Will keep testing it!!!! 2010-04-12_0906


Hi spx,
Where did you find the TrendBars2 indicator? Thanks.

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 Big Mike 
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timefreedom View Post
Hi spx,
Where did you find the TrendBars2 indicator? Thanks.

If you search (top right) for TrendBars you will find them. Here is the direct link:


Elite only...

We now return you to the regular thread discussion

Mike

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 wgreenie 
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Thanks to Maestro and Perry for sharing the Force Index indicator in this thread. I checked the Downloads sections (incl Elite) and am unable to find it. Appreciate more direction please. Thank you.

Beth

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 spx_tdr 
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Thanks to Maestro and Perry for sharing the Force Index indicator in this thread. I checked the Downloads sections (incl Elite) and am unable to find it. Appreciate more direction please. Thank you.

Beth

I believe this might be of help...

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 wgreenie 
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spx_tdr View Post
I believe this might be of help...

My heartfelt thanks for answering my sos SWIFTLY! You've made my week! Thank You!

Beth

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 perryg 
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Beth,

Attached is the latest version (coloured) of the ForceIndex.

Attached Files
Register to download File Type: zip Force_Index_v02.zip (9.4 KB, 520 views)
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 wgreenie 
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perryg View Post
Attached is the latest version (coloured) of the ForceIndex.

Big Big Thank You to Perry for sharing the most updated indicator with us! Smile.

I will knock at your door again when I need your kind assistance on the chart set-up. Hope you won't mind. Thank you.

Beth

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 wgreenie 
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I went through the thread 2 more times tonight. Not sure about the most updated chart setting. Enclosed ES chart has the following:

1. 4-Range - Should it be a minute chart? If yes, what interval setting please?

2. EMA 5 (black line) and SMA 14 (blue dot line) on Panel 1 - EMA 7 and SMA 15 were recommended on an earlier post while EMA 5 and SMA 14 are more recent.

3. Force Index on Panel 2 - I used Version 2 and have turned HMA 7 to transparent. Notice I do not have the zero line?!! Not sure what I did wrong. Please help!

4. JeffsADX (5,15) was mentioned and I've included it on Panel 3. Not sure if it should be a histogram or line format. Please help!

My guess on entry:

1) Long if blue signal bar closes above both black and blue dot lines on Panel 1 + blue Force Index line is above 0

2) Short if red signal bar closes below both black and blue dot lines on Panel 1 + red Force Index line is below 0

To me, the signal will be a high probability one if the JeffsADX indicator aligns with the trade direction.

Thanks for the webinar information. I've found out their suggested PT/SL.

Appreciate any guidance on the above. Thank you.

Beth

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 Affliction 
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Okay, I am ready to make a complete idiot out of myself on the intranet - here it goes.

I, like others in this thread, am trying to come up with a comparative indicator(s) application for Boomerang, as seen in the attached screen shot.

The price panel contains the earlier suggested indicators along with one application of the SMI4. I have turned off most parameters, except "Show Arrows" - see attached screen shot.

Issue with SMI4: While the screen shot looks fairly descent, what you don't see is the following issues that arose during the live market today (main trading hours):

There are times when the Arrows will paint two or more red arrows and no blue arrow in between. and there are times when it will paint two blue arrows and no red arrow in between. Finally, there have been instances when it will paint a blue arrow, then a red arrow (during chop) as I think it should, but it will not paint a blue arrow (in this instance) when price takes off to the upside.

I would send a screenshot of these issues, but those issues "disappeared" when I updated an indicator (EX. change the setting in one indicator on the chart and pressed ok or apply) or reloaded historical data from the chart (in affect, refreshing the chart), the SMI4 will paint the arrows almost perfectly - as I think they should and seen in the screen shot.

Has anyone had this issue arise with the SMI4 or any other indicators? Could it be as simple as "Calculate on bar close" True/False? I am a little corn-fused.

I hope the screen shots upload.

Go easy people. I have been known to have a brain fart every now and then.

Big Mike: I hope this is the correct thread to post this issue. If not, please let me know.

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 cory 
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Affliction View Post
Okay, I am ready to make a complete idiot out of myself on the intranet - here it goes.

I, like others in this thread, am trying to come up with a comparative indicator(s) application for Boomerang, as seen in the attached screen shot.

...

Big Mike: I hope this is the correct thread to post this issue. If not, please let me know.

boomerange is more like supper trend just set line style to square instead of hash.

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 perryg 
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Beth,

As there are so many questions, I have decided to open a new thread which I hope will help you. It is called Perrys Trading Platform -

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 Affliction 
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Attached are screenshot from the NQ and YM markets today (morning) that show the issues I am having with SMI indicators and the painting of the arrows (see post #44). I do understand that it is essentially a momentum indicator, but my simple logic says that if a blue arrow appears then a red arrow should appear next. I can certaintly be wrong!!!!!!!! If someone could point me in the right direction it would be greatly appreciated.

Thanks for all the support from the forum!

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 emini_Holy_Grail 
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Perry -,attached chart. Force Index is set to EMA 15.
In top panel, they are just EMA7 for fast and SMA15 for slow

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 perryg 
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AR01 View Post
PerryG,
Please do upload to the downloads section. It would be appreciated.

Andrew


emini_Holy_Grail View Post
Perry -,attached chart. Force Index is set to EMA 15.
In top panel, they are just EMA7 for fast and SMA15 for slow

I read your mail, and look at the chart, but still do not understand what problem you are having. Can you be more specific, so that I can help you.

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 emini_Holy_Grail 
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Perry - I chose fast as transparent and see slow color in the chart, which is EMA 13 for slow MA.
are these correct? just choosing 1 MA

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 perryg 
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emini_Holy_Grail View Post
Perry - I chose fast as transparent and see slow color in the chart, which is EMA 13 for slow MA.
are these correct? just choosing 1 MA

You choose ONE, MA for you indicator. It does not matter if it is the slow or fast one, just see that if you choose the slow your have the corresponding colors for the slow and then the fast will be transparent, and if your choose the fast line then see that the slow colors are transparent.

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 Affliction 
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As I have no programming skills - to say the least - could someone add "limit lines" above and below the zero line of the Force Index v2? These extra lines and center line (0) should have adjustable value inputs to modify per market instrument and allow for adjusting color. See screen shot - hopefully you get the idea anyway.

I am visualizing a senario such as, if the force index crosses the center line but does not breach the "limit" line then no trade until force index breaches the limit line either short or long. This "MAY" keep the trade away from SOME chop. Yes, this may also get you in the trade later also, but I think this can be overcome, especially if you are looking for hard runners and tight stops.

Any help would be greatly appreciated.

Just my thoughts though.

Thanks for a great thread perryg and everyone!

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 john2000 
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Affliction,

You can download Constant Lines from this forum or Ninja's forum. it plots 4 lines with adjustable colors. you type in what value you want. and in which panel you want it in. Let me know if you can't find it. I can send it to you.

John

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 Affliction 
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john2000 View Post
Affliction,

You can download Constant Lines from this forum or Ninja's forum. it plots 4 lines with adjustable colors. you type in what value you want. and in which panel you want it in. Let me know if you can't find it. I can send it to you.

John


Thanks John. That will work.

Just out of curiosity, is what I asked (programming) a hard issue to complete? I don't want to ask for the moon.

Thanks again. Very useful.

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 john2000 
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Affliction,

I'm not a programmer, but I've added lines like this to other indicators. In this case adding the Constant Line indicator should help with what you need, almost instantly. It's also very flexible. you can change the line location fast without having to go back into the code.

John

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 cory 
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Affliction View Post
Thanks John. That will work.

Just out of curiosity, is what I asked (programming) a hard issue to complete? I don't want to ask for the moon.

Thanks again. Very useful.

not hard but very cumbersome , constant line is wtg

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 Affliction 
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cory View Post
not hard but very cumbersome , constant line is wtg


Excellent!!!! They work great. Just some tuning involved.

Thanks Cory and John. You made my life easier, at least for now. HA HA

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 emini_Holy_Grail 
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I couldn't find the constant line form download section. can someone post link here. Thks

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 perryg 
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emini_Holy_Grail View Post
I couldn't find the constant line form download section. can someone post link here. Thks

The indicator is called ConstantLines. I think it is a standard indicator that comes with NT. Take a look in your indicator box in NT

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 c0ol2 
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someone was asking about the entries and exit. The recommended stategy is 12 tick (3point) profit and 9 tick(2.25 pt) stop loss. With the newer version of boomrang it has the colored cross overs . That Indicator is used on 4 Range Chart. It seems pretty good, but in the current market thats pretty volitile need a 3 pt stop. Entries are also based on market internals also. There is another indicator add on they came out with for like an extra $180. anyone got the settings for that indicator?

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 emini_Holy_Grail 
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I got the ConstantLines from NT's built in and quite helpful. Thks Perry

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 marker 
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how do i download this? i do not see a link

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 c0ol2 
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Has anyone used this indicator on other instrument like CL or 6E?

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Jason11
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I've only looked at the ES and NQ; both seem to be pretty good with this setup.

Has anyone coded the 'Momentum' indicator in NinjaTrader to display like the V.02 Force index, where the line is green above the zero line and red below the zero line.

Also has anyone looked at the TradeBiasSelector for Boomerang?

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 gulabv 
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The force index indicator for NT6.5 is available in the thread "Perry's Trading Platform" or you can do a global search in futures.io (formerly BMT) there are several copies of this indicator.

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Jason11
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Actually the force index he has is not exactly the same as what is shown on the indicator whererhouse site. I think perry is using a type of force index introduced by Dr. Elder.

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 marker 
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Just curious, I'm reading a few threads regarding the boomerang and how we can "try" to mimic the set-up. But, just wondering, why not purchase it? doesn't really cost that much in my opinion, considering the time spent on tweaking & coding some indicators to match the original Boomerang.

Or am I missing something here.
I would rather spend and get the Boom set-up than spend hours/days/weeks in trying to get our charts to look like the Boomerang. The time saved when you buy the Boomerang can go towards actually learning it and back testing it....

Just a thought.....

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 sam028 
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marker View Post
Just curious, I'm reading a few threads regarding the boomerang and how we can "try" to mimic the set-up. But, just wondering, why not purchase it? doesn't really cost that much in my opinion, considering the time spent on tweaking & coding some indicators to match the original Boomerang.

Or am I missing something here.
I would rather spend and get the Boom set-up than spend hours/days/weeks in trying to get our charts to look like the Boomerang. The time saved when you buy the Boomerang can go towards actually learning it and back testing it....

Just a thought.....

Everybody knows you can't make money with a $325 strategy.
So I think the idea here is learn something in trying to mimic it, and not simply mimic it to use it and make money with it, because you're going to be rich with this.

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 futurestrader1 
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I've heard some good thing about the boomerang or whatever it's called: from some research and looking at the boomeangtrader website, which has their charts up I have been able to match their settings.

The Setting for the Moving Average 1 = SMA 14

The Setting for the Moving Average 2 = EMA 5

The Setting for the Force Index is some other indicator I can't seem to match but Perry's version setting seems close enough!

The Setting for the Trade Bias Selector (what a joke) Is the just MACD set to 8/25/7 with the Average line hidden.

Looks like the wanker is selling this package for like $500 with some other indicators....how can the piker sell the MACD, i mean the Trade bias selector for so much money?

Now, they do have special trend bars and arrows..but seems to me it is not needed as you take the trades if the bar is below the MA's anway...forget the arrows.

So again....it's all based on normal indicators and just a moving average strategy like buy above the MA's and sell below them.

Why don't these twats post real trading results?

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 Slipknot511 
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futurestrader1 View Post

Why don't these twats post real trading results?

Because in the USA, you're subject to a whole new level of government regulation once you do.

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 AR01 
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futurestrader1 View Post
I've heard some good thing about the boomerang or whatever it's called: from some research and looking at the boomeangtrader website, which has their charts up I have been able to match their settings.

The Setting for the Moving Average 1 = SMA 14

The Setting for the Moving Average 2 = EMA 5

The Setting for the Force Index is some other indicator I can't seem to match but Perry's version setting seems close enough!

The Setting for the Trade Bias Selector (what a joke) Is the just MACD set to 8/25/7 with the Average line hidden.

Looks like the wanker is selling this package for like $500 with some other indicators....how can the piker sell the MACD, i mean the Trade bias selector for so much money?

Now, they do have special trend bars and arrows..but seems to me it is not needed as you take the trades if the bar is below the MA's anway...forget the arrows.

So again....it's all based on normal indicators and just a moving average strategy like buy above the MA's and sell below them.

Why don't these twats post real trading results?

I just checked for fun and you are spot on.

Andrew

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 Big Mike 
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 futurestrader1 
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Great good one! But I never saw the post....it would have been interesting and funny to see what he had to say! It is probably the guy from indicatorwarehouse.com selling free $99 indicators.

Ahem, if the boomerang was so good then why did Mohan's broker at Dorman CEASE autotrading the boomerang system? Give up? Well because he said it was getting poor results.

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 Big Mike 
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futurestrader1 View Post
It is probably the guy from indicatorwarehouse

Yes, it was. Vendors are welcome here, but he was warned previously for advertising, so a ban was required.

Mike

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  #75 (permalink)
 marker 
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All auto strategies dont work for long run, we all know that. Doesnt matter who, what, when, where it came from, eventually it will fail....so lets not pin this on Mohan, its just auto strategies suck.

We need our human eyes and enter/exit when we feel its right, not when a program says so right before news announcement....


futurestrader1 View Post
Great good one! But I never saw the post....it would have been interesting and funny to see what he had to say! It is probably the guy from indicatorwarehouse.com selling free $99 indicators.

Ahem, if the boomerang was so good then why did Mohan's broker at Dorman CEASE autotrading the boomerang system? Give up? Well because he said it was getting poor results.


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Griffin
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perryg View Post
Here is the Index. The attached index was kindly enhanced for me by eDanny a member of this board. It now has colours for Above and Below zero.

I am feeling stupid, as others have obviously figured this out, but I can not see how to download this indicator. I don't see any link to do so, nor can I find a file in the download section that was uploaded by perryg. Yes, I am fairly new here, but have been using forums like this for a long time.

So, how do I download this indicator?

Thanks for helping out a noob..

Griffin

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Griffin
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Griffin View Post
I am feeling stupid, as others have obviously figured this out, but I can not see how to download this indicator.

Nevermind. I followed through the thread far enough to learn that the original link was stripped off during some spam maintenance (whew - thought I was losing too many brain cells!). I found a link to the updated file.

sorry for the post - should have read deeper into the thread first!

Griffin

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m0n0xide
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Anyone else besides Taxman bought this strategy? Anyone?

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 taxman 
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Hi everyone,

I reply to some of your questions, I do not use Boomerang with success in my tradings. However, I do not believe it is a scam. They just try to market their trading ideas to the general public. Boomerang product a lot of whipsaw signals in the chop zone. I do not follow every signal I only use as it as an set up alert.

I find Perry's method similar and it is free!!!

Good luck in your tradings!!!

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  #80 (permalink)
 longboat 
Philadelphia, Pa
 
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I own Boomerang and I will give you some of my thoughts. First let me say that I have nothing to do with Mohan or the indicator sales company that sells it.
I used it in sim for a week or two after I purchased it months ago and I quit using it. There were way too many trades and I got cut to pieces in the chop days. A month or two later Mohan brought out an add on for Boomerang called the Trade Bias Selector (for another fee). It looked like it might help with the signals and I decided to buy it a few weeks ago. It wasn't that much money. What a huge help. It really filtered out the signals until there really averaged about 3-4 in the morning session. Huge improvement. I am still testing it. I was in sim this week and I can say it was profitable every day and nicely so. I know not a very long test but back tests looked good too. I am going to trade real money next week probably.
Let me add some other thoughts here. I am not going to give away any of the copyright stuff or rules or anything like that. I have spent thousands and thousands of dollars on indicators, software and trading rooms and I can say that for the amount of money I spent on Boomerang it is the best software values I have found for the money. God knows I have wasted much more money on other totally bogus software scams.
It is not what a lot of you may think it is and it is not my main trading software that I use right now, but we'll see. It is not meant to be traded all day and it was made for the ES Some people have claimed it works on others but that is not what it is for). He says to quit trading it when you get 4 pts and I think this is good advice.
There is not very good money management directions in the manual and you are kind of left on your own with that. He just says he doesn't believe in constantly moving your stops, but do you go break even at 2.0? Do you close it if you get an opposite color arrow? A different color bar? These questions are not spelled out. It is very simplistic which is refreshing though.
I doubt this would ever work as an auto trading system and I was not aware that they tried to set one up. There is some discretion in choosing trades to exclude around news events and trades too late in the trend.
You guys can ask me generic questions about it and I will try to answer them. Is it the Holy grail? No. Is it a good indicator package? I really do think so, but I will keep you up to date with my tests. It kicks butt in trending markets, but doesn't everything?

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  #81 (permalink)
 marker 
Las Vegas, NV
 
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longboat View Post
I own Boomerang and I will give you some of my thoughts. First let me say that I have nothing to do with Mohan or the indicator sales company that sells it.
I used it in sim for a week or two after I purchased it months ago and I quit using it. There were way too many trades and I got cut to pieces in the chop days. A month or two later Mohan brought out an add on for Boomerang called the Trade Bias Selector (for another fee). It looked like it might help with the signals and I decided to buy it a few weeks ago. It wasn't that much money. What a huge help. It really filtered out the signals until there really averaged about 3-4 in the morning session. Huge improvement. I am still testing it. I was in sim this week and I can say it was profitable every day and nicely so. I know not a very long test but back tests looked good too. I am going to trade real money next week probably.
Let me add some other thoughts here. I am not going to give away any of the copyright stuff or rules or anything like that. I have spent thousands and thousands of dollars on indicators, software and trading rooms and I can say that for the amount of money I spent on Boomerang it is the best software values I have found for the money. God knows I have wasted much more money on other totally bogus software scams.
It is not what a lot of you may think it is and it is not my main trading software that I use right now, but we'll see. It is not meant to be traded all day and it was made for the ES Some people have claimed it works on others but that is not what it is for). He says to quit trading it when you get 4 pts and I think this is good advice.
There is not very good money management directions in the manual and you are kind of left on your own with that. He just says he doesn't believe in constantly moving your stops, but do you go break even at 2.0? Do you close it if you get an opposite color arrow? A different color bar? These questions are not spelled out. It is very simplistic which is refreshing though.
I doubt this would ever work as an auto trading system and I was not aware that they tried to set one up. There is some discretion in choosing trades to exclude around news events and trades too late in the trend.
You guys can ask me generic questions about it and I will try to answer them. Is it the Holy grail? No. Is it a good indicator package? I really do think so, but I will keep you up to date with my tests. It kicks butt in trending markets, but doesn't everything?

I have the boomerang as well. profitable for me almost everyday. i trade with trend and just 2-3 trades in morning and im done!

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 gulabv 
Dallas, TX
 
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marker View Post
i trade with trend and just 2-3 trades in morning and im done!

marker,

glad to hear your successful trading! how do you identify the trend?

thanks,
gulabv

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  #83 (permalink)
 marker 
Las Vegas, NV
 
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gulabv View Post
marker,

glad to hear your successful trading! how do you identify the trend?

thanks,
gulabv


i use secondary filter charts with other indicators that work better on longer term charts

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 sharmas 
Auckland
 
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Hi Marker

What do you mean by longer term chart... is there a positive trend in which profitable trades are greater than other timeframes.

sharmas

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  #85 (permalink)
 c0ol2 
Chicago
 
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I was getting good results on it on Sim with 3 contract scaling 3,7,10 tick targets few months ago. Lately I have been using it live but using a 6-8 tick stop been aiming for 6 ticks on 1 contract has been working okay few stop outs to the tick. On early morning breakouts lets you jump in and trail it pretty good. To me its work best on holding on to a breakout. A good way to refine the entry is to look at a small tick chart like 233 or 337 and look for areas of support and resistance and pay attention to other key levels like overnight highs previous day close unfilled gaps.

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  #86 (permalink)
 tmmaggi 
Toledo, Ohio
 
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I am so glad to hear people are actually making money out there. Really gives the rest of us hope. I'm very attracted to Perry's method and may even consider starting a journal with it.

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 PandaWarrior 
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tmmaggi View Post
I am so glad to hear people are actually making money out there. Really gives the rest of us hope. I'm very attracted to Perry's method and may even consider starting a journal with it.

I think if you don't have a method already, Perry's is the best out there. I think there are too many indicators in his method but if it works, it works. I use something similar but without all the other indies......I find the price action along with the SMA's are enough. The indies at the bottom of the chart only confuse me. But thats me. I can't follow to many things at once. If the chart were time based, I think the extra idies would help but its not so I dont see the point.

Anyway, do look seriously at Perry's stuff. Its really one of the simplest and probably most effective long term.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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eminitrader
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aztrader9 View Post
I think if you don't have a method already, Perry's is the best out there. I think there are too many indicators in his method but if it works, it works. I use something similar but without all the other indies......I find the price action along with the SMA's are enough. The indies at the bottom of the chart only confuse me. But thats me. I can't follow to many things at once. If the chart were time based, I think the extra idies would help but its not so I dont see the point.

Anyway, do look seriously at Perry's stuff. Its really one of the simplest and probably most effective long term.

What time frame do you trade with AZ? If you don't mind me asking.
I have been wanting to try ranges, and volume but not sure which ones would work the best together.

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 PandaWarrior 
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eminitrader View Post
What time frame do you trade with AZ? If you don't mind me asking.
I have been wanting to try ranges, and volume but not sure which ones would work the best together.

I use a 4 range and a 35 tick chart on TF, 6 range and 55 tick chart on CL along with a couple of MA's and my fib lines. I just found some value in a 5 minute chart for both instruments. I swore I'd never use a time based chart again but I have to eat my words. There is a great set up look right after a swing high or low in this time frame that leads me to my tick chart for an entry. Again, all based on fibs and my MA for confirmation.

I know nothing about volume but I have seen some chart and they look good. Ranges completely eliminate time and only show price. I am starting to think a combination of time and range is probably best.

But hey, I am still on my journey and am not perfect. You need to find your own way.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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eminitrader
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aztrader9 View Post
I use a 4 range and a 35 tick chart on TF, 6 range and 55 tick chart on CL along with a couple of MA's and my fib lines. I just found some value in a 5 minute chart for both instruments. I swore I'd never use a time based chart again but I have to eat my words. There is a great set up look right after a swing high or low in this time frame that leads me to my tick chart for an entry. Again, all based on fibs and my MA for confirmation.

I know nothing about volume but I have seen some chart and they look good. Ranges completely eliminate time and only show price. I am starting to think a combination of time and range is probably best.

But hey, I am still on my journey and am not perfect. You need to find your own way.

Thanks for the info, I will check them out. And no worries we all here ain't perfect either

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  #91 (permalink)
 swish008 
Orlando, Florida, USA
 
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m0n0xide View Post
Anyone else besides Taxman bought this strategy? Anyone?

Hello,

I am also new to this forum and find this a great way to share ideas. I too have bought the boomerang strategy and have traded it over the last six months. I have added the ATR trailing dots to the strategy and found it to be pretty decent. The problem that I have faced with the strategy is that it works great in trending markets or choppy markets that have large enough swings, but it doesn't do so well for me in short choppy markets. Adding the ATR trailing dots as a filter has helped as it reduces the number of trades taken in the short choppy periods. I am also looking into adding another momentum indicator as another filter, but still playing with it. It is interesting to see other people use this strategy and to see how they are doing using it. I also found that trading this strategy first thing in the morning and then possibly after 3pm EST, seems to work better. After lunch 1pm EST seems to be the worst. I would be curious as to others who use it with some success and if they use it alone (or with the TBS indicator) or if they add their own filters to it.

Jeff

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  #92 (permalink)
Jason11
Los Angeles, CA
 
 
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Swish,

Do you use the High5 market internals as a filter for your trades? I've been trying to incorporate that into my decision making to take signals but have found the internals are lagging. What has been your experience?
Also what ATR settings are you using?
Wouldn't the ATR trail only be useful when already in a trade?

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  #93 (permalink)
 eensor 
New Braunfels, TX
 
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swish008 View Post
Hello,

I am also new to this forum and find this a great way to share ideas. I too have bought the boomerang strategy and have traded it over the last six months. I have added the ATR trailing dots to the strategy and found it to be pretty decent. The problem that I have faced with the strategy is that it works great in trending markets or choppy markets that have large enough swings, but it doesn't do so well for me in short choppy markets. Adding the ATR trailing dots as a filter has helped as it reduces the number of trades taken in the short choppy periods. I am also looking into adding another momentum indicator as another filter, but still playing with it. It is interesting to see other people use this strategy and to see how they are doing using it. I also found that trading this strategy first thing in the morning and then possibly after 3pm EST, seems to work better. After lunch 1pm EST seems to be the worst. I would be curious as to others who use it with some success and if they use it alone (or with the TBS indicator) or if they add their own filters to it.

Jeff

I bought it and I don't use it. It is a loser overall. There is some guy who has a room that trades it and is charging 25 per month. I don't remember who he is though. A google search might find him.

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  #94 (permalink)
 swish008 
Orlando, Florida, USA
 
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I haven't looked at using the High5 as a filter. I use a 3.1 for my ATR Trailing Dots. Most people use the trailing dots to trail their order, I use the trailing dots as a breakout signal. When the price breaks the dots and closes outside the dots, it confirms for me the trend. All it does is filter some of the chop. I need to add in the TBS indicator as well to filter some of the trades as well as taking a look at the High5 filter.



Jason11 View Post
Swish,

Do you use the High5 market internals as a filter for your trades? I've been trying to incorporate that into my decision making to take signals but have found the internals are lagging. What has been your experience?
Also what ATR settings are you using?
Wouldn't the ATR trail only be useful when already in a trade?


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  #95 (permalink)
 swish008 
Orlando, Florida, USA
 
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eensor View Post
I bought it and I don't use it. It is a loser overall. There is some guy who has a room that trades it and is charging 25 per month. I don't remember who he is though. A google search might find him.

Yeah,

I found him and I am currently trying out his strategy. He uses the TBS indicator and the Volume Pressure indicator as his filters. It looks interesting and the backtesting of his methods do look appealing. I think that the boomerang strategy out of the box has not worked well for me and I realized that it needed some filters and also to not take every trade setup. I have been working on finding some filters like the ATR Trailing Dots, Momentum, TBS and Volume Pressure Indicator to filter some of those trades. I do notice an improvement in the results with using these filters. Has anyone found any other filters that they use on the boomerang strategy that works well?

-Swish

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  #96 (permalink)
Jason11
Los Angeles, CA
 
 
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who is the person using Vol Pressure to filter trades? I searched and couldn't find anything.

Swish008 -- I sent you a PM.

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  #97 (permalink)
 swish008 
Orlando, Florida, USA
 
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eminiticks.com

Sorry, I don't have access to e-mails yet. I guess I have to post several times before I can get access. Strange. I have the TBS indicator for 6.5, but haven't been successful at getting it to work on NT7. Has anyone had luck with it?






Jason11 View Post
who is the person using Vol Pressure to filter trades? I searched and couldn't find anything.

Swish008 -- I sent you a PM.


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  #98 (permalink)
Jason11
Los Angeles, CA
 
 
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Swish,

You need 5 posts to get PM's. You've got 4 right now.

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  #99 (permalink)
inimical
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Is there a way to get the MA's the same color like on boomerang when they cross?

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  #100 (permalink)
 swish008 
Orlando, Florida, USA
 
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inimical View Post
Is there a way to get the MA's the same color like on boomerang when they cross?

If your talking about the MA colors on the Boomerang Indicator, you can change those colors, linetypes and thicknesses in the settings. If you are talking about just loading two MA indicators and trying to get them to change color when they cross, I haven't found an indicator that does that, but I am sure they are out there. Indicator Warehouse may have one, there also may be others on the web.

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