The Smart Charts (thesmartcharts.com) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


The Smart Charts (thesmartcharts.com)
Updated: Views / Replies:2,483 / 8
Created: by Maestro Attachments:2

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

The Smart Charts (thesmartcharts.com)

  #1 (permalink)
Elite Member
Marietta, GA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 8 received

The Smart Charts (thesmartcharts.com)

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?


Last edited by Big Mike; April 5th, 2010 at 05:42 PM. Reason: clarified title
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Just starting out...
missisauga
 
Futures Experience: None
Platform: ninja trader
Broker/Data: zen fire
Favorite Futures: e s
 
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:
 
  #4 (permalink)
Elite Member
Marietta, GA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 8 received

Thanks. Found the indicator in NT forums downloads.

Reply With Quote
 
  #5 (permalink)
Elite Member
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,198 since Jun 2009
Thanks: 627 given, 6,285 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:
 
  #6 (permalink)
Elite Member
Marietta, GA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 8 received

That's it.

Reply With Quote
 
  #7 (permalink)
Elite Member
Detroit
 
Futures Experience: Intermediate
Platform: market delta, multicharts, no matter how hard i try not too, i still use ninjatrader
Broker/Data: amp/zen
Favorite Futures: cl,6e,nq,tf
 
spx_tdr's Avatar
 
Posts: 128 since Oct 2009
Thanks: 268 given, 26 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
The Smart Charts (thesmartcharts.com)-es061032420104range.jpg  
Reply With Quote
 
  #8 (permalink)
Just starting out...
NYC
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1 since Apr 2010
Thanks: 0 given, 1 received

no good

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:
 
  #9 (permalink)
Elite Member
Marietta, GA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: futures
 
Posts: 35 since Sep 2009
Thanks: 48 given, 8 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.


Last edited by Maestro; April 24th, 2010 at 08:41 PM.
Reply With Quote

Reply



futures io > > > The Smart Charts (thesmartcharts.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Smart money volume - a great example David Traders Hideout 36 March 7th, 2014 09:43 AM
What is the difference in the regular Renko charts and the Median Renko charts PamH NinjaTrader 17 February 21st, 2012 08:16 PM
Why Corporate Bonds May Not Be Such a Smart Bet Anymore Quick Summary News and Current Events 0 May 29th, 2011 06:20 PM
Tax Breaks for Big Oil: Ripoff Or Smart US Energy Policy? Quick Summary News and Current Events 0 May 12th, 2011 02:10 PM
Using different type charts together essiar Trading Journals 6 December 14th, 2009 07:53 PM


All times are GMT -4. The time now is 03:35 AM.

Copyright © 2017 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
Page generated 2017-11-24 in 0.11 seconds with 20 queries on phoenix via your IP 54.198.221.13