The Smart Charts (thesmartcharts.com) - futures io
futures io futures trading



The Smart Charts (thesmartcharts.com)


Discussion in Trading Reviews and Vendors

Updated by Maestro
      Top Posters
    1. looks_one Maestro with 4 posts (0 thanks)
    2. looks_two cory with 1 posts (1 thanks)
    3. looks_3 spx_tdr with 1 posts (0 thanks)
    4. looks_4 khan786 with 1 posts (1 thanks)
    1. trending_up 5,071 views
    2. thumb_up 3 thanks given
    3. group 6 followers
    1. forum 8 replies
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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
 

The Smart Charts (thesmartcharts.com)

(login for full post details)
  #1 (permalink)
Marietta, GA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 9 received

It's amazing how many vendors are out there. I just found thesmartcharts.com . They are using a 5EMA with another indicator. Looks like a good method. The second indicator looks like super trend, but it seems to follow price more closely and does not have the abrupt transitions when trend changes. Also kind of looks like a stepMA. Has anyone else looked at their indicators?

Reply With Quote

Can you help answer these questions
from other members on futures io?
NT8 trade the plan: access to the divergence indicator signals (sharkindicators)
NinjaTrader
Buying at the bid, and/or selling at the ask, chasing market
NinjaTrader
Do you trade on Sundays?
Emini and Emicro Index
Scan by comparing SMAs within 5 mins
ThinkOrSwim
Setting up an alert on a Gartley study
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
184 thanks
Micro account vs Funded account (combine)
52 thanks
Are sharks watching on the other side?
32 thanks
Market profile entries/exits
25 thanks
Spoo-nalysis ES e-mini futures S&P 500
21 thanks
 
(login for full post details)
  #3 (permalink)
missisauga
 
 
Posts: 7 since Mar 2010
Thanks: 0 given, 1 received


thry r using fantil m indicator and change the settings.

Reply With Quote
The following user says Thank You to khan786 for this post:
 
(login for full post details)
  #4 (permalink)
Marietta, GA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 9 received

Thanks. Found the indicator in NT forums downloads.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 5,998 since Jun 2009
Thanks: 831 given, 7,832 received

is this the one?

Attached Files
Register to download File Type: zip FantailVMA.zip (7.4 KB, 102 views)
Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #6 (permalink)
Marietta, GA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 9 received

That's it.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Detroit
 
Experience: Intermediate
Platform: market delta, multicharts, no matter how hard i try not too, i still use ninjatrader
Broker: amp/zen
Trading: cl,6e,nq,tf
 
spx_tdr's Avatar
 
Posts: 128 since Oct 2009
Thanks: 268 given, 27 received

Hey Cory or anyone - I havent figured out how to do the settings for this one... on the ES 4 range chart... And do you know if there is colored version to indentify trend change etc. Thanks for the help!!!!

Attached Thumbnails
Click image for larger version

Name:	es061032420104range.jpg
Views:	206
Size:	53.1 KB
ID:	11070  
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #8 (permalink)
NYC
 
 
Posts: 1 since Apr 2010
Thanks: 0 given, 1 received

I helped papertrade their indicator for several months in the development phase and it does not work as purported. They sometimes suggest to take all arrows, and other times, just the "valid" ones, but there was no way to ever get a consistent def of what valid is (this observation is pulled from the examples on their site and my actual experience, it is not my opinion).

When you use a math formula to determine entry, such as an arrow, then every signal is as valid as the last. They're either all valid or not. Valid doesnt equal winners, but to say that a particular arrow is "wrong" means the whole logic behind the programming is wrong. This was a great source of consternation for me. The programmer agreed that an arrow is an arrow, but the CEO, who has very little practical experience trading, did not, and insisted we trade some arrows, but not others. This defeats the purpose and the supposed strong suits of the indicator.

At the end of the day, if you already have a strong trade understanding with risk mgt skills, than you are already doing what this indicator is intended to provide, which is alert you to possible trend changes, and then keep you in that trend until it ends. It will not dramatically improve your skills and there is no reason to buy it. If you don't know what you're doing, then this indicator will likely chop you to death, rather than teach you what you need to make it as a trader, which is setup selection and risk management.

Take nearly all the examples on their site, and apply the same rational they use to enter the trade, be it the step up in the indicator, the 5ema, whatever it is that gets them to enter. Usually you can see several other points where the same logic applies, and yet, no trade.

This indicator incorporates a huge amt of end-use decision making, so the claims on their FRONT PAGE

Quoting 
No noise, no subjective analysis. Smart Charts allow you to trade with confidence and accuracy, not with emotion, as the real-time or end of day signals alert you to:
- Enter A Position With Maximum Accuracy
- Cut Losers Early
- Let Winners Run
- Take Profits

are false.

This indicator will work, if you pick the right stock and right entry. But then again, so will a simple MACD, so it doesnt add a lot in that regard.

Their chat room and back end mgt is disorganized (at least when I was there) and more startling, the CEO didn't have a business plan for the better part of a year and spent several months toying with various ways to sell the promote or sell the program before just deciding to "go with it." In a sense, they are flying blind.

This is sad, because when you DO trade EVERY arrow on a high beta stock, you may end up with 50 trades a day, but the system is net profitable in my papertrade experience. However, you must trade multiple stocks, all day, and through a prop desk to achieve commissions low enough to make it viable. Due to this limitation and fees, it would be difficult for anyone not trading through a prop desk with 200k + to make reasonable money.

Reply With Quote
The following user says Thank You to doctor for this post:
 
(login for full post details)
  #9 (permalink)
Marietta, GA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 9 received

After looking at the fantail I realize that like so many indicators that are marketed as magic bullets that it's really nothing special. I put it on a chart with a 21SMA with plot style set to square. They are so close you might as well just use the MA.

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > The Smart Charts (thesmartcharts.com)


April 24, 2010


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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