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Decisionbar (decisionbar.com) trading system


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Decisionbar (decisionbar.com) trading system

  #1 (permalink)
North York, Ontario
 
Experience: None
Platform: metatrader
 
Posts: 3 since Nov 2009
Thanks: 1 given, 1 received

Decisionbar (decisionbar.com) trading system

Hi,

Anybody has any experience about Decision bar trading system especially e-mini trading.

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  #3 (permalink)
Udon Thani Thailand
 
Experience: Advanced
Platform: Ninja trader
Broker: Zen Fire
Trading: CL FDAX 6E 6B 6A 6N TF GC SI
 
Posts: 10 since Jun 2010
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Decision bar is one of the better idicators I have seen. It keeps drawing support & resistance lines on your chart throughout the trading day. Then when you get a breakout
or breakdown on your chart, decision bar labels the bar as a breakout or breakdown.
This way it catches all the big moves. I use it with an E20new & a coloured moving average indicator. In my trading I take most of the BO,s or BD,s that decision bar signals
in the first hour and a half after market open as long as they they don,t have any mayor
pivots , trendlines etc right below or above them.
I have,nt seen any free indicator that works this way , but there may be one.?

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  #4 (permalink)
Toledo, Ohio
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 26 since Aug 2010
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I subscribed to the service for nearly two years. But here I am, not making money. You can see plainly which signals were excellent, after the fact of course. It really sickened me to see all the money that was out there for the taking. Unfortunately, I never seemed to implement the strategy properly.

There's a fair amount of tweaking involved with this software. The settings are user-defined. The idea is that you change the settings until you get good signals, but you're only seeing this after it occurred. I ended up adding other indicators to it try to keep me out of choppy conditions. My habit is to only enter when conditions are dangerous and when the market finally makes a nice move, I don't trust the signal when it's the real thing.

The real problem with the software was my inability to trust and follow the signals. All my fault. Were there times I did things correctly? Of course. But overall, I found it hard to figure out when to stay out. I haven't ruled out re-subscribing to it, but there's so many ideas on here, like Perry's Trading Platform, I just can't see subscribing again.

I have loads of screenshots of the signals it gave on the ES 1000 tick chart. And other various intervals of the ES. PM me if you want to see any. This concludes my very first post on any forum, anywhere.

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  #5 (permalink)
Administrator: Retired Backtester
Rennes France
 
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tmmaggi View Post
I subscribed to the service for nearly two years. But here I am, not making money. You can see plainly which signals were excellent, after the fact of course. It really sickened me to see all the money that was out there for the taking. Unfortunately, I never seemed to implement the strategy properly.

There's a fair amount of tweaking involved with this software. The settings are user-defined. The idea is that you change the settings until you get good signals, but you're only seeing this after it occurred. I ended up adding other indicators to it try to keep me out of choppy conditions. My habit is to only enter when conditions are dangerous and when the market finally makes a nice move, I don't trust the signal when it's the real thing.

The real problem with the software was my inability to trust and follow the signals. All my fault. Were there times I did things correctly? Of course. But overall, I found it hard to figure out when to stay out. I haven't ruled out re-subscribing to it, but there's so many ideas on here, like Perry's Trading Platform, I just can't see subscribing again.

I have loads of screenshots of the signals it gave on the ES 1000 tick chart. And other various intervals of the ES. PM me if you want to see any. This concludes my very first post on any forum, anywhere.


A good start for your new poster carreer

And don't blame yourself, having the entry signal is not enough to succeed.
BTW, I can't judge, but this indicator and its website looks like a dozen of others, scam and snake oil.

Success requires no deodorant! (Sun Tzu)
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  #6 (permalink)
Unites States
 
 
Posts: 35 since Sep 2010
Thanks: 10 given, 13 received

I think this one is more of a legit program unlike many others.

Does anyone have a free indicator that is close to this? Or could make one?

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  #7 (permalink)
Udon Thani Thailand
 
Experience: Advanced
Platform: Ninja trader
Broker: Zen Fire
Trading: CL FDAX 6E 6B 6A 6N TF GC SI
 
Posts: 10 since Jun 2010
Thanks: 0 given, 49 received

Free indicator

Yes you can look right here on big mikes indicator downloads & or NT indicators on the ninja trader forums. There is an indicator there called : dynamic support & Resistance. This is very similar to the decision bar set up, with the same type of dynamic S&R lines automatically drawn on your chart, but when you get a break out or
break down bar closing above or below the support or resistance lines this indicator does not label the bar as a breakout or breakdown like Decision bar does but its easy to see without the labels.
There is even a breakout / breakdown indicator that paints arrows on one or both of these forums that you could add if you think it will help. Yes just taking all the breakouts or break downs blindly won,t work.
Just like any other trading if you can wait for all your ducks to line up before jumping in , ie best times of the day to trade, double tops & bottoms, reversal bars, mayor S&R areas , convergence, breakouts or breakdowns after tight range consolidation your trades will have a higher success rate. good luck.

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  #8 (permalink)
the coin hunter
virginia
 
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eminitrader View Post
I think this one is more of a legit program unlike many others.

Does anyone have a free indicator that is close to this? Or could make one?

what does the indicator suppose to look like?

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  #9 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 5,994 since Jun 2009
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tmmaggi View Post
..
The real problem with the software was my inability to trust and follow the signals. All my fault. ...

dont beat yourself up, its not for you find something else that you can believe in. A simple ma will do as long as you believe in it

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  #10 (permalink)
Unites States
 
 
Posts: 35 since Sep 2010
Thanks: 10 given, 13 received


Thanks for the reply and I will see if I can find what you were talking about if I can't I will post back on here.

And it looks like this

http://www.decisionbar.com/ScreenShots/wfmi-b.gif

Edit: I did find it at the ninja forum, thanks man. I just wish it was for 7 instead of well.


Last edited by eminitrader; September 11th, 2010 at 12:07 PM.
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