NexGen indicators and review (www.nexgent3.com) - futures io
futures io



NexGen indicators and review (www.nexgent3.com)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Fat Tails with 34 posts (106 thanks)
    2. looks_two trendisyourfriend with 17 posts (18 thanks)
    3. looks_3 Wuudi with 14 posts (0 thanks)
    4. looks_4 dawntrader with 13 posts (4 thanks)
      Best Posters
    1. looks_one Fat Tails with 3.1 thanks per post
    2. looks_two Trader Duck with 2 thanks per post
    3. looks_3 plethora with 1.5 thanks per post
    4. looks_4 trendisyourfriend with 1.1 thanks per post
    1. trending_up 125,401 views
    2. thumb_up 238 thanks given
    3. group 69 followers
    1. forum 230 posts
    2. attach_file 24 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

NexGen indicators and review (www.nexgent3.com)

(login for full post details)
  #1 (permalink)
 mrloanapproval 
Tomball, TX
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
 
Posts: 6 since Sep 2010
Thanks: 1 given, 3 received

After 2 weeks of training and recording sections of NexGen T3, I was in complete sticker shock. I am going to purchase Ninja Trader and open an account at Mirus Futures. I think the only thing I am lacking is indicators. Does anyone have similar indicators as NexGen? I want to SIM for another months, then go live. I am looking for Large Triggers, Small Triggers, Bollinger Bands, Mid Band, MACD's, Support and Resistance lines. After reviewing so many different post, it seems that there are many ways an indicator can read. I have a good amount of knowledge from NexGen, but just don't want to pay the price for the software considering it's all free or close to free. Any pointers?

Thank you for any input. (the new guy)

Started this thread Reply With Quote
The following 2 users say Thank You to mrloanapproval for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(107 thanks from 17 posts)
looks_twoSalao's Journalby Salao
(33 thanks from 8 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(28 thanks from 12 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(14 thanks from 9 posts)
looks_5Maybe a little bit different journalby Malykubo
(9 thanks from 8 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
73 thanks
Big Mike in Ecuador
44 thanks
The Crude Dude Oil Trading System
44 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
24 thanks
 
(login for full post details)
  #3 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received


if I remember most of them are just tweak versions of regular indicator , I havnt been back since when they fired their honest salesman there are many indicators here that can match or do better imho.

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #4 (permalink)
 mrloanapproval 
Tomball, TX
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
 
Posts: 6 since Sep 2010
Thanks: 1 given, 3 received


cory View Post
if I remember most of them are just tweak versions of regular indicator , I havnt been back since when they fired their honest salesman there are many indicators here that can match or do better imho.

I appreciate it. So do I just download a set and try them out? Any recommendations?

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received

there is no 'set' you can go one indi at a time and I will see if I can match it.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 735 received


cory View Post
there is no 'set' you can go one indi at a time and I will see if I can match it.

Hi Cory

have you tried to build something simialr to EOTPRO indicators


EOTPRO Bonnie's Bars
Indicators

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received


sharmas View Post
Hi Cory

have you tried to build something simialr to EOTPRO indicators


EOTPRO Bonnie's Bars
Indicators

no but we have sharky stuff, good enough
Downloads - NinjaTrader 6.5 Indicators - zeller/sharky sharkfin with paintbars - Big Mike's Day Trading Forum

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #8 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 735 received

thank you Cory, much appreciated

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #9 (permalink)
kekkis
Norway
 
 
Posts: 6 since Jun 2009
Thanks: 1 given, 1 received


mrloanapproval View Post
After 2 weeks of training and recording sections of NexGen T3, I was in complete sticker shock. I am going to purchase Ninja Trader and open an account at Mirus Futures. I think the only thing I am lacking is indicators. Does anyone have similar indicators as NexGen? I want to SIM for another months, then go live. I am looking for Large Triggers, Small Triggers, Bollinger Bands, Mid Band, MACD's, Support and Resistance lines. After reviewing so many different post, it seems that there are many ways an indicator can read. I have a good amount of knowledge from NexGen, but just don't want to pay the price for the software considering it's all free or close to free. Any pointers?

Thank you for any input. (the new guy)

Trigger lines are just two ema, and macdbb lines are free.

Sorry, i watch the trigger line code and its not just ema's

code is here




#region Using declarations
using System;
using System.Diagnostics;
using System.Drawing;
using System.Drawing.Drawing2D;
using System.ComponentModel;
using System.Xml.Serialization;
using NinjaTrader.Data;
using NinjaTrader.Gui.Chart;
#endregion

// This namespace holds all indicators and is required. Do not change it.
namespace NinjaTrader.Indicator
{
/// <summary>
/// Trigger Lines
/// </summary>
[Description("Trigger Lines.")]
[Gui.Design.DisplayName("Trigger Lines")]
public class TriggerLines : Indicator
{
#region Variables
private int length = 20; //80; //20;
private int trigAvg = 8; //5; //8;
private DataSeries value1;
private DataSeries value2;
private bool bTrigWasRising = false;


#endregion

/// <summary>
/// This method is used to configure the indicator and is called once before any bar data is loaded.
/// </summary>
protected override void Initialize()
{
Add(new Plot(Color.Cyan, "Plot1_Up"));
Add(new Plot(Color.Magenta, "Plot1_Dn"));
Add(new Plot(Color.Cyan, "Plot2_Up"));
Add(new Plot(Color.Magenta, "Plot2_Dn"));


value1 = new DataSeries(this);
value2 = new DataSeries(this);

Overlay = true;
PriceTypeSupported = true;

BarsRequired = length+trigAvg;
}

/// <summary>
/// Calculates the indicator value(s) at the current index.
/// </summary>
protected override void OnBarUpdate()
{
value1.Set(LinReg(base.Input,length)[0]);
value2.Set(EMA(value1,trigAvg)[0]);


if (value2[0]>=value1[0])
{
if (bTrigWasRising)
{
Plot1_Up.Set(value1[0]);
Plot2_Up.Set(value2[0]);
}
Plot1_Dn.Set(value1[0]);
Plot2_Dn.Set(value2[0]);
bTrigWasRising = false;
}
else
{
if (!bTrigWasRising)
{
Plot1_Dn.Set(value1[0]);
Plot2_Dn.Set(value2[0]);
}
Plot1_Up.Set(value1[0]);
Plot2_Up.Set(value2[0]);
bTrigWasRising = true;
}
}

#region Properties
/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot1_Up
{
get { return Values[0]; }
}

/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot1_Dn
{
get { return Values[1]; }
}

/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot2_Up
{
get { return Values[2]; }
}

/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot2_Dn
{
get { return Values[3]; }
}

/// <summary>
/// </summary>
[Description("Period")]
[Category("Parameters")]
public int Period
{
get { return length; }
set { length = Math.Max(1, value); }
}
/// <summary>
/// </summary>
[Description("Trigger Average")]
[Category("Parameters")]
public int TrigAvg
{
get { return trigAvg; }
set { trigAvg = Math.Max(1, value); }
}

#endregion
}
}

#region NinjaScript generated code. Neither change nor remove.
// This namespace holds all indicators and is required. Do not change it.
namespace NinjaTrader.Indicator
{
public partial class Indicator : IndicatorBase
{
private TriggerLines[] cacheTriggerLines = null;

private static TriggerLines checkTriggerLines = new TriggerLines();

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public TriggerLines TriggerLines(int period, int trigAvg)
{
return TriggerLines(Input, period, trigAvg);
}

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public TriggerLines TriggerLines(Data.IDataSeries input, int period, int trigAvg)
{
checkTriggerLines.Period = period;
period = checkTriggerLines.Period;
checkTriggerLines.TrigAvg = trigAvg;
trigAvg = checkTriggerLines.TrigAvg;

if (cacheTriggerLines != null)
for (int idx = 0; idx < cacheTriggerLines.Length; idx++)
if (cacheTriggerLines[idx].Period == period && cacheTriggerLines[idx].TrigAvg == trigAvg && cacheTriggerLines[idx].EqualsInput(input))
return cacheTriggerLines[idx];

TriggerLines indicator = new TriggerLines();
indicator.SetUp();
indicator.CalculateOnBarClose = CalculateOnBarClose;
indicator.Input = input;
indicator.Period = period;
indicator.TrigAvg = trigAvg;

TriggerLines[] tmp = new TriggerLines[cacheTriggerLines == null ? 1 : cacheTriggerLines.Length + 1];
if (cacheTriggerLines != null)
cacheTriggerLines.CopyTo(tmp, 0);
tmp[tmp.Length - 1] = indicator;
cacheTriggerLines = tmp;
Indicators.Add(indicator);

return indicator;
}

}
}

// This namespace holds all market analyzer column definitions and is required. Do not change it.
namespace NinjaTrader.MarketAnalyzer
{
public partial class Column : ColumnBase
{
/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
[Gui.Design.WizardCondition("Indicator")]
public Indicator.TriggerLines TriggerLines(int period, int trigAvg)
{
return _indicator.TriggerLines(Input, period, trigAvg);
}

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public Indicator.TriggerLines TriggerLines(Data.IDataSeries input, int period, int trigAvg)
{
return _indicator.TriggerLines(input, period, trigAvg);
}

}
}

// This namespace holds all strategies and is required. Do not change it.
namespace NinjaTrader.Strategy
{
public partial class Strategy : StrategyBase
{
/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
[Gui.Design.WizardCondition("Indicator")]
public Indicator.TriggerLines TriggerLines(int period, int trigAvg)
{
return _indicator.TriggerLines(Input, period, trigAvg);
}

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public Indicator.TriggerLines TriggerLines(Data.IDataSeries input, int period, int trigAvg)
{
if (InInitialize && input == null)
throw new ArgumentException("You only can access an indicator with the default input/bar series from within the 'Initialize()' method");

return _indicator.TriggerLines(input, period, trigAvg);
}

}
}
#endregion

Reply With Quote
 
(login for full post details)
  #10 (permalink)
 max-td 
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 924 received


hey Mr mrloanapproval !

welcome to futures.io (formerly BMT) btw

we do not offer sets off vendors-indicators here - lol

but one fun / hobby for traders + coders is to have a look at verndor-stuff + try to reproduce it with free stuff or maybe to come near to their stuff.

this is good for learning how things work and also good for building up experience + a "feeling" for indicators + setups.

but it is not cracking codes or so, its just like trying to paint pics like keith haring maybe -- just for having fun - not for selling at the end.
and this is NO illegal action, there is no problem with this.

of course its nice if you discover things while doing this and use them your further trading-setups.

first what you need to do all this is : screenshots, screenshots , screnshots of the stuff you want to rebuild.
you must compare the original things to your own replicas again and again in charts to get as close to it as possible.

so that would be the beginning : if you watch the original stuff, make screenshots of it ! take care that you have time + price-axes on it.
then you go ahead and build own charts that looks like those ... thats the start point of the game.

i can not say : try this or try that without having pictures + examples to show what the point is, that should be created.

i dont know if EOT Pro or sharkys stuff is close to nexgen because i dont know how nexgen looks
or even better said : i dont know what you have seen while you looked to Nexgen-stuff

also if you say small triggers or Mid Bands - this can be lots of things, the names often says nothing.

so if you post pictures of what you talk about, its the best way to get in the direction of what you want i think.

max-td
Reply With Quote
The following user says Thank You to max-td for this post:
 
(login for full post details)
  #11 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


mrloanapproval View Post
After 2 weeks of training and recording sections of NexGen T3, I was in complete sticker shock. I am going to purchase Ninja Trader and open an account at Mirus Futures. I think the only thing I am lacking is indicators. Does anyone have similar indicators as NexGen? I want to SIM for another months, then go live. I am looking for Large Triggers, Small Triggers, Bollinger Bands, Mid Band, MACD's, Support and Resistance lines. After reviewing so many different post, it seems that there are many ways an indicator can read. I have a good amount of knowledge from NexGen, but just don't want to pay the price for the software considering it's all free or close to free. Any pointers?

Thank you for any input. (the new guy)

You just need to look a bit around. You will find on this forum

- MACDBBLines (download section)
- Large and Small Trigger Lines
- Keltner Channels

The only difficult thing to replicate from the T3 system are the support and resistance indicators. They are based on fibonacci lines (swing highs and lows, retracements, expansions, projections and alternates) from different time frames. It is not the most important element of their setup, but is needed for determining return-to-risk ratios. It is basically a marketing tool for Nexgen. The price they charge for their indicators is outrageous.

I have coded a similar indicator. If you want to try it, send me a private message.

Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #12 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Fat Tails View Post
You just need to look a bit around. You will find on this forum

- MACDBBLines (download section)
- Large and Small Trigger Lines
- Keltner Channels

The only difficult thing to replicate from the T3 system are the support and resistance indicators. They are based on fibonacci lines (swing highs and lows, retracements, expansions, projections and alternates) from different time frames. It is not the most important element of their setup, but is needed for determining return-to-risk ratios. It is basically a marketing tool for Nexgen. The price they charge for their indicators is outrageous.

I have coded a similar indicator. If you want to try it, send me a private message.

Fat indicator is pretty much the same although i have not compared both side by side.

I use the exact framework as NexGen (Keltner, Trigger lines (Large' Small), MACDBBLines), a copy conform (CC) if you want of their indicators. Send me an PM i'll try to help you. What version of Ninja do you use ? I have been using the same base since 2 years ago except that i have added Market Profile for identifying emerging key areas during a session. How long have you been using their framework ?


Reply With Quote
The following 3 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #13 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received

With NinjaTrader 7 you do not need to code Trigger Lines. Trigger Lines are just composed of the linear regression indicator and an exponential moving average of the linear regression indicator. The EMA is comparable to the signal line of the MACD.

Both indicators are default indicators of NinjaTrader. So just use

Large Trigger Lines

LineReg(80) and EMA (LinReg(80), 20). EMA is comparable to signalline of MACD.

Small Trigger Lines

LinReg(20) and EMA(LinReg(20), 5).

MACDBBLines



Keltner Channel

Modified Keltner using an EMA as a CenterLine with Period 55 and ATR 3.


Reply With Quote
The following 9 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #14 (permalink)
 tdaman 
Colorado Springs
 
Experience: Intermediate
Platform: Sierra Chart, Ninja Trader
Broker: IQFeed, AMP/CQG
Trading: EC, ES, TF
 
tdaman's Avatar
 
Posts: 130 since Oct 2010
Thanks: 37 given, 23 received

I've been using the original native NEXGEN T-3 Fibs software now for almost a year and until now have not been able to develop any strategies in NT7 because the NEXGEN software code is closed. After finally replicating the indicators (noted w orange halo and price markers) I noticed a one bar lag. The replicated MACD is also one dot behind (the tiny dot is Nexgen). As most traders know 1 bar can be worth thousands especially when used in a strategy! Is there any way to fix this? Thanks to anybody for their input!

Attached Thumbnails
Click image for larger version

Name:	Lag.jpg
Views:	1253
Size:	54.4 KB
ID:	21462  
Reply With Quote
 
(login for full post details)
  #15 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


tdaman View Post
I've been using the original native NEXGEN T-3 Fibs software now for almost a year and until now have not been able to develop any strategies in NT7 because the NEXGEN software code is closed. After finally replicating the indicators (noted w orange halo and price markers) I noticed a one bar lag. The replicated MACD is also one dot behind (the tiny dot is Nexgen). As most traders know 1 bar can be worth thousands especially when used in a strategy! Is there any way to fix this? Thanks to anybody for their input!

If you want the value for the current bar to be plotted, you need to set the indicators to CalculateOnBarClose = False.

This way the result for the unstable period will be shown. This requires that the indicator recalculates the result with each incoming tick, so it will increase CPU load. So if you use this setting with complex indicators, NinjaTrader might freeze. But for trigger lines, Keltner Channels and MACD there should be no problem.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #16 (permalink)
 tdaman 
Colorado Springs
 
Experience: Intermediate
Platform: Sierra Chart, Ninja Trader
Broker: IQFeed, AMP/CQG
Trading: EC, ES, TF
 
tdaman's Avatar
 
Posts: 130 since Oct 2010
Thanks: 37 given, 23 received

Excellent... That works. THx much!

Reply With Quote
 
(login for full post details)
  #17 (permalink)
 mrloanapproval 
Tomball, TX
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
 
Posts: 6 since Sep 2010
Thanks: 1 given, 3 received


kekkis View Post
Trigger lines are just two ema, and macdbb lines are free.

Sorry, i watch the trigger line code and its not just ema's

code is here




#region Using declarations
using System;
using System.Diagnostics;
using System.Drawing;
using System.Drawing.Drawing2D;
using System.ComponentModel;
using System.Xml.Serialization;
using NinjaTrader.Data;
using NinjaTrader.Gui.Chart;
#endregion

// This namespace holds all indicators and is required. Do not change it.
namespace NinjaTrader.Indicator
{
/// <summary>
/// Trigger Lines
/// </summary>
[Description("Trigger Lines.")]
[Gui.Design.DisplayName("Trigger Lines")]
public class TriggerLines : Indicator
{
#region Variables
private int length = 20; //80; //20;
private int trigAvg = 8; //5; //8;
private DataSeries value1;
private DataSeries value2;
private bool bTrigWasRising = false;


#endregion

/// <summary>
/// This method is used to configure the indicator and is called once before any bar data is loaded.
/// </summary>
protected override void Initialize()
{
Add(new Plot(Color.Cyan, "Plot1_Up"));
Add(new Plot(Color.Magenta, "Plot1_Dn"));
Add(new Plot(Color.Cyan, "Plot2_Up"));
Add(new Plot(Color.Magenta, "Plot2_Dn"));


value1 = new DataSeries(this);
value2 = new DataSeries(this);

Overlay = true;
PriceTypeSupported = true;

BarsRequired = length+trigAvg;
}

/// <summary>
/// Calculates the indicator value(s) at the current index.
/// </summary>
protected override void OnBarUpdate()
{
value1.Set(LinReg(base.Input,length)[0]);
value2.Set(EMA(value1,trigAvg)[0]);


if (value2[0]>=value1[0])
{
if (bTrigWasRising)
{
Plot1_Up.Set(value1[0]);
Plot2_Up.Set(value2[0]);
}
Plot1_Dn.Set(value1[0]);
Plot2_Dn.Set(value2[0]);
bTrigWasRising = false;
}
else
{
if (!bTrigWasRising)
{
Plot1_Dn.Set(value1[0]);
Plot2_Dn.Set(value2[0]);
}
Plot1_Up.Set(value1[0]);
Plot2_Up.Set(value2[0]);
bTrigWasRising = true;
}
}

#region Properties
/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot1_Up
{
get { return Values[0]; }
}

/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot1_Dn
{
get { return Values[1]; }
}

/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot2_Up
{
get { return Values[2]; }
}

/// <summary>
/// </summary>
[Browsable(false)]
[XmlIgnore()]
public DataSeries Plot2_Dn
{
get { return Values[3]; }
}

/// <summary>
/// </summary>
[Description("Period")]
[Category("Parameters")]
public int Period
{
get { return length; }
set { length = Math.Max(1, value); }
}
/// <summary>
/// </summary>
[Description("Trigger Average")]
[Category("Parameters")]
public int TrigAvg
{
get { return trigAvg; }
set { trigAvg = Math.Max(1, value); }
}

#endregion
}
}

#region NinjaScript generated code. Neither change nor remove.
// This namespace holds all indicators and is required. Do not change it.
namespace NinjaTrader.Indicator
{
public partial class Indicator : IndicatorBase
{
private TriggerLines[] cacheTriggerLines = null;

private static TriggerLines checkTriggerLines = new TriggerLines();

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public TriggerLines TriggerLines(int period, int trigAvg)
{
return TriggerLines(Input, period, trigAvg);
}

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public TriggerLines TriggerLines(Data.IDataSeries input, int period, int trigAvg)
{
checkTriggerLines.Period = period;
period = checkTriggerLines.Period;
checkTriggerLines.TrigAvg = trigAvg;
trigAvg = checkTriggerLines.TrigAvg;

if (cacheTriggerLines != null)
for (int idx = 0; idx < cacheTriggerLines.Length; idx++)
if (cacheTriggerLines[idx].Period == period && cacheTriggerLines[idx].TrigAvg == trigAvg && cacheTriggerLines[idx].EqualsInput(input))
return cacheTriggerLines[idx];

TriggerLines indicator = new TriggerLines();
indicator.SetUp();
indicator.CalculateOnBarClose = CalculateOnBarClose;
indicator.Input = input;
indicator.Period = period;
indicator.TrigAvg = trigAvg;

TriggerLines[] tmp = new TriggerLines[cacheTriggerLines == null ? 1 : cacheTriggerLines.Length + 1];
if (cacheTriggerLines != null)
cacheTriggerLines.CopyTo(tmp, 0);
tmp[tmp.Length - 1] = indicator;
cacheTriggerLines = tmp;
Indicators.Add(indicator);

return indicator;
}

}
}

// This namespace holds all market analyzer column definitions and is required. Do not change it.
namespace NinjaTrader.MarketAnalyzer
{
public partial class Column : ColumnBase
{
/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
[Gui.Design.WizardCondition("Indicator")]
public Indicator.TriggerLines TriggerLines(int period, int trigAvg)
{
return _indicator.TriggerLines(Input, period, trigAvg);
}

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public Indicator.TriggerLines TriggerLines(Data.IDataSeries input, int period, int trigAvg)
{
return _indicator.TriggerLines(input, period, trigAvg);
}

}
}

// This namespace holds all strategies and is required. Do not change it.
namespace NinjaTrader.Strategy
{
public partial class Strategy : StrategyBase
{
/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
[Gui.Design.WizardCondition("Indicator")]
public Indicator.TriggerLines TriggerLines(int period, int trigAvg)
{
return _indicator.TriggerLines(Input, period, trigAvg);
}

/// <summary>
/// Trigger Lines.
/// </summary>
/// <returns></returns>
public Indicator.TriggerLines TriggerLines(Data.IDataSeries input, int period, int trigAvg)
{
if (InInitialize && input == null)
throw new ArgumentException("You only can access an indicator with the default input/bar series from within the 'Initialize()' method");

return _indicator.TriggerLines(input, period, trigAvg);
}

}
}
#endregion

May I ask, where does all this go. Nexgen puts everything in the computer, so I have no idea where to enter these formulas.

Thanks,

Started this thread Reply With Quote
The following user says Thank You to mrloanapproval for this post:
 
(login for full post details)
  #18 (permalink)
 mrloanapproval 
Tomball, TX
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
 
Posts: 6 since Sep 2010
Thanks: 1 given, 3 received


max-td View Post
hey Mr mrloanapproval !

welcome to futures.io (formerly BMT) btw

we do not offer sets off vendors-indicators here - lol

but one fun / hobby for traders + coders is to have a look at verndor-stuff + try to reproduce it with free stuff or maybe to come near to their stuff.

this is good for learning how things work and also good for building up experience + a "feeling" for indicators + setups.

but it is not cracking codes or so, its just like trying to paint pics like keith haring maybe -- just for having fun - not for selling at the end.
and this is NO illegal action, there is no problem with this.

of course its nice if you discover things while doing this and use them your further trading-setups.

first what you need to do all this is : screenshots, screenshots , screnshots of the stuff you want to rebuild.
you must compare the original things to your own replicas again and again in charts to get as close to it as possible.

so that would be the beginning : if you watch the original stuff, make screenshots of it ! take care that you have time + price-axes on it.
then you go ahead and build own charts that looks like those ... thats the start point of the game.

i can not say : try this or try that without having pictures + examples to show what the point is, that should be created.

i dont know if EOT Pro or sharkys stuff is close to nexgen because i dont know how nexgen looks
or even better said : i dont know what you have seen while you looked to Nexgen-stuff

also if you say small triggers or Mid Bands - this can be lots of things, the names often says nothing.

so if you post pictures of what you talk about, its the best way to get in the direction of what you want i think.

Thank you, I have some screen shots, I will post them shortly. They are in another computer.

Started this thread Reply With Quote
 
(login for full post details)
  #19 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


mrloanapproval View Post
May I ask, where does all this go. Nexgen puts everything in the computer, so I have no idea where to enter these formulas.

Thanks,

You first need to import the indicators into NinjaTrader and then apply the indicators to a chart.

(1) MACDBBLines

-> Download MACDBBlines to your PC (any folder you like) -> link for NT7 indicator below



-> Then import indicator to NT7 via File -> Utilities -> Import NinjaScript

-> You can now apply the indicator to a chart (right click -> indicators)

(2) TriggerLines

With NT7 you do not need to import anything. You can build the trigger lines by using an indicator on indicator approach. Open a chart. Apply EMA to chart. Select period 20 via indicator dialogue. Then select Indicators under Input Series and choose LinReg, 80, Default Instrument. Next apply Linreg 80 to chart. These are the large trigger lines.

You can also import the coded trigger lines. They will show different up and down colors. That is all.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #20 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Fat Tails View Post
You first need to import the indicators into NinjaTrader and then apply the indicators to a chart.

(1) MACDBBLines

-> Download MACDBBlines to your PC (any folder you like) -> link for NT7 indicator below



-> Then import indicator to NT7 via File -> Utilities -> Import NinjaScript

-> You can now apply the indicator to a chart (right click -> indicators)

(2) TriggerLines

With NT7 you do not need to import anything. You can build the trigger lines by using an indicator on indicator approach. Open a chart. Apply EMA to chart. Select period 20 via indicator dialogue. Then select Indicators under Input Series and choose LinReg, 80, Default Instrument. Next apply Linreg 80 to chart. These are the large trigger lines.

You can also import the coded trigger lines. They will show different up and down colors. That is all.

I use NexGen for trading, but I learned the system from someone else. Curious how you read them the same considering that NT doesn't scale vertically?

I would love to dump TS, but NT doesn't do what I need... You can't see proper separation with dot on rails (bollinger bands).

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #21 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


bluemele View Post
I use NexGen for trading, but I learned the system from someone else. Curious how you read them the same considering that NT doesn't scale vertically?

I would love to dump TS, but NT doesn't do what I need... You can't see proper separation with dot on rails (bollinger bands).

I do not understand your first sentence. NinjaTrader scales vertically (several options). Read "them", what is "them"?

I do not understand your second sentence either. What is "dot on rails", could you be more explicit?

Reply With Quote
 
(login for full post details)
  #22 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Fat Tails View Post
I do not understand your first sentence. NinjaTrader scales vertically (several options). Read "them", what is "them"?

I do not understand your second sentence either. What is "dot on rails", could you be more explicit?


Fat i think he refers to the space between the dots of the MACDBBLines that is not exactly the same as the one found on the MACDBBLines provided by NexGen. I suppose the rails mean the line (MACD line) that links the dots together.

BTW, is it possible to make this line visible in the version you have modified here ?



Presently, to make this line visible i use the regular MACD as a workaround that i place in the same window as the MACDBBLines. This is the actual MACD line that needs to be visible.

Reply With Quote
 
(login for full post details)
  #23 (permalink)
 sam028 
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,673 since Jun 2009
Thanks: 3,789 given, 4,506 received


bluemele View Post
I use NexGen for trading, but I learned the system from someone else. Curious how you read them the same considering that NT doesn't scale vertically?

I would love to dump TS, but NT doesn't do what I need... You can't see proper separation with dot on rails (bollinger bands).

What do you mean ?
Are you sure of this, with NT7 ?

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #24 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


trendisyourfriend View Post
Fat i think he refers to the space between the dots of the MACDBBLines that is not exactly the same as the one found on the MACDBBLines provided by NexGen. I suppose the rails mean the line (MACD line) that links the dots together.

BTW, is it possible to make this line visible in the version you have modified here ?



Presently, to make this line visible i use the regular MACD as a workaround that i place in the same window as the MACDBBLines. This is the actual MACD line that needs to be visible.

Space between the dots

I would need a screenshot to see the difference.

Rails

If those rails are just lines connecting the dots, I can add an option to the indícator in a few minutes. Just confirm or show a screenshot.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #25 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received

Something like this?


Attached Files
Register to download File Type: zip MACDBBLinesV11_Rails.zip (9.1 KB, 268 views)
Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #26 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


sam028 View Post
What do you mean ?
Are you sure of this, with NT7 ?

Well, I don't use NT7 any longer until it becomes a lot more stable. I don't have time to play with the program to actually get the features they quote to work. I have given up after 6 months with all the 'bugs'.

I was told by their head guys that the indi's supposedly do this on NT7, however, at the time, no MACDBB existed for NT7. I see now that one has been made. NT forums are not very good and great for chasing people away from the product in my opinion, with the response, "Good luck, I am sure programming this will not be a challenge".

I can program (not in C#), but rather spend my time trading or learning to trade better.

I will take a look at what has been posted and see. So far, the vertical scaling has not worked to be similar to TradeStation. I definitely do not like TS, due to high fee's, pay for every data feed and just the poor customer service if something does happen. For some reason, I just get bad energy from them. Plus, I like instant replay in Ninja.


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #27 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Fat Tails View Post
Space between the dots

I would need a screenshot to see the difference.

Rails

If those rails are just lines connecting the dots, I can add an option to the indícator in a few minutes. Just confirm or show a screenshot.

Ok, terminology is always confusing. The dot with the line connecting them is what I call the 'bb' like a bb you shoot from your bb gun. haha...

However, I called it the dot to not confuse. However, this is nothing more than the 12 (or fastMA) in relation to the 26 (midpoint line--horizontal line). The bands on the side which I called the rails work like a Bollinger Band in the sense of a standard deviation right. So, the separation of the 'bb' from the 'rail' is important as usually it will show a slingshot move which helps you identify a pivot.

By identifying pivots on MTF, you end up with a likely 2-3 point + move. However, in certain conditions, you can pull your hair out, so that is why I trade fibs, and other price action to find likely areas. When I have confluence, then it will likely be a good trade on TF. Every instrument looks different on this approach.

Your latest pic looks good. Let me take some time to review.


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #28 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Fat Tails View Post
Something like this?


Here is a screen shot of what I mean also.


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #29 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received

Ok, so I think the issue I have is the fact that I can't move the zeroline.

Can I move the zero line up down, around the window like Tradestation in NT7? I can't figure out how. The window is 'hooked' onto the midline/zero-line. It doesn't float. Same issue with charts.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #30 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Fat Tails View Post
Something like this?



That's exactly that but don't forget the middle line between both Bollinger bands. If you add that it will be great.
Thanks again. +1

Reply With Quote
 
(login for full post details)
  #31 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


bluemele View Post
Ok, so I think the issue I have is the fact that I can't move the zeroline.

Can I move the zero line up down, around the window like Tradestation in NT7? I can't figure out how. The window is 'hooked' onto the midline/zero-line. It doesn't float. Same issue with charts.

No you can't do this with Ninjatrader. I got this answer from Ninja team. There is nothing wrong with your Ninjatrader platform. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next session, sit quietly and we will control all that you see and hear in the markets. We repeat: there is nothing wrong with your Ninjatrader indicators do not look for other platforms. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to... The Outer Limits.

Reply With Quote
The following 6 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #32 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,980 since Jun 2009
Thanks: 32,454 given, 98,214 received


trendisyourfriend View Post
No you can't do this with Ninjatrader. I got this answer from Ninja team. There is nothing wrong with your Ninjatrader platform. Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next session, sit quietly and we will control all that you see and hear in the markets. We repeat: there is nothing wrong with your Ninjatrader indicators do not look for other platforms. You are about to participate in a great adventure. You are about to experience the awe and mystery which reaches from the inner mind to... The Outer Limits.

hehe...



Wasn't that show cancelled?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #33 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Big Mike View Post
hehe...



Wasn't that show cancelled?

Mike

WOW! i have +46 thanks and one guy who puts me on his ignore list . My next target is 55 thanks. This is a Fib number.

Reply With Quote
 
(login for full post details)
  #34 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


trendisyourfriend View Post
That's exactly that but don't forget the middle line between both Bollinger bands. If you add that it will be great.
Thanks again. +1

The midline of the Bollinger Bands is there. I guess I had set the color to transparent, because there were too many lines. You just need to open the indicator dialogue and select a different color for the midline.

Reply With Quote
The following 3 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #35 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


bluemele View Post
Ok, so I think the issue I have is the fact that I can't move the zeroline.

Can I move the zero line up down, around the window like Tradestation in NT7? I can't figure out how. The window is 'hooked' onto the midline/zero-line. It doesn't float. Same issue with charts.


Click the chart just a few pixels to the right of the y-axis and move the mouse up and down, while pressing the left mouse button.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #36 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


Fat Tails View Post
Click the chart just a few pixels to the right of the y-axis and move the mouse up and down, while pressing the left mouse button.

Thank you, but no this doesn't move the baseline per my needs.

Imagine like this. Grab your pictures and you want the baseline (midpoint/26MA) to be at the top of your screen and only everything else is below it. So... You can't see anything above your baseline/midpoint.

When you adjust the x/vertical dimension you are only 'stretching' its current position.

I guess you don't have Tradestation or have had it, which is a very smart move haha... I don't know how to explain it except to be able to move the vertical baseline anywhere in the window and not have NT tell me where it needs to be.

For it to work in sizing, then I would need to have an entire window open to just this indicator and considering that I use 7 of them MTF, then that would be interesting. haha...

I don't understand the challenges with NT and their scaling issues, but as I read on their forums, it just doesn't do it, but I was told that NT7 indi's do, but I guess I am too dumb to click a mouse, drag a screen and voila.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bluemele for this post:
 
(login for full post details)
  #37 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


bluemele View Post
Thank you, but no this doesn't move the baseline per my needs.

Imagine like this. Grab your pictures and you want the baseline (midpoint/26MA) to be at the top of your screen and only everything else is below it. So... You can't see anything above your baseline/midpoint.

When you adjust the x/vertical dimension you are only 'stretching' its current position.

I guess you don't have Tradestation or have had it, which is a very smart move haha... I don't know how to explain it except to be able to move the vertical baseline anywhere in the window and not have NT tell me where it needs to be.

For it to work in sizing, then I would need to have an entire window open to just this indicator and considering that I use 7 of them MTF, then that would be interesting. haha...

I don't understand the challenges with NT and their scaling issues, but as I read on their forums, it just doesn't do it, but I was told that NT7 indi's do, but I guess I am too dumb to click a mouse, drag a screen and voila.

LOL i don't have NT7 installed yet but in NT6.5 you can't drag around the content of a window as you intend to do. Sorry, you'll need to stick to TradeStation.

Reply With Quote
 
(login for full post details)
  #38 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received


Fat Tails View Post

Modified Keltner using an EMA as a CenterLine with Period 55 and ATR 3.


Hi, I am a T3 owner and just for the interest wanted to recreate the Keltner because sometimes on my renko chart i wish i could increase the ATR. But i was not able to totalle reproduce the T3 outer bands. What exactly are your settings ?

Center MA is 55 but what settings for the volatility bands ?

Reply With Quote
 
(login for full post details)
  #39 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Wuudi View Post
Hi, I am a T3 owner and just for the interest wanted to recreate the Keltner because sometimes on my renko chart i wish i could increase the ATR. But i was not able to totalle reproduce the T3 outer bands. What exactly are your settings ?

Center MA is 55 but what settings for the volatility bands ?

If you want to replicate it exactly to the tick use ChannelThis (see picture)



You might also check what Ron had to say about it too here:

Reply With Quote
The following 3 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #40 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


Wuudi View Post
Hi, I am a T3 owner and just for the interest wanted to recreate the Keltner because sometimes on my renko chart i wish i could increase the ATR. But i was not able to totalle reproduce the T3 outer bands. What exactly are your settings ?

Center MA is 55 but what settings for the volatility bands ?

I think the ChannelThis indicator only works with NT 6.5. For NT7 you can also use the Universal Keltner Channel. Just set the moving average type for the center line to EMA, period 55, MA Type for volatility smoothing SMA (you can also try EMA), period for volatility bands 30, range type to True Range and Smoothing to False.

That should give about the same results. See below.

Attached Thumbnails
Click image for larger version

Name:	Indicator Settings Keltner Channel.JPG
Views:	375
Size:	72.8 KB
ID:	23889   Click image for larger version

Name:	TF 12-10 (5 Min)  21_10_2010.jpg
Views:	452
Size:	85.9 KB
ID:	23891  
Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #41 (permalink)
 DarrenH 
Cotswolds UK
 
Experience: Intermediate
Platform: NT7, Multicharts
Broker: Mirus,Amp,ZenFire
Trading: Fdax
 
DarrenH's Avatar
 
Posts: 64 since Mar 2010
Thanks: 95 given, 23 received

Hey Guys

I would like to see if anyone has seen Nexgens new software release the "Revolution" and what your thoughts towards there new software was.
http://www.nexgent3.com/blog/

Reply With Quote
 
(login for full post details)
  #42 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received

my prediction, their next version will be called 'Evolution'.

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #43 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received

You'll need to be patient until 2101. Chances are we'll be dead when it is released. They probably want to be up and running when Ninja 7 will release their final version

Nexgen Revolution Introduction Video Oct 22 2101

Reply With Quote
 
(login for full post details)
  #44 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


DarrenH View Post
Hey Guys

I would like to see if anyone has seen Nexgens new software release the "Revolution" and what your thoughts towards there new software was.
NEXGEN

DarrenH, i took some time to see the video and i find the idea interesting in order to help the trader take a quick decision instead of being paralysed with too much analysis. Nonetheless, i consider it's a rehash of the same old indicators they have been using since the beginning. I would not give $15000 for a suite of indicators you can find here for $0.

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #45 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

It's not 15k anymore. They just want to lease it.

It's now 5k initially and then 1k a month for T3 + the Revolution.

For old customers it' 500$ per month for the first year...

Reply With Quote
 
(login for full post details)
  #46 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Wuudi View Post
It's not 15k anymore. They just want to lease it.

It's now 5k initially and then 1k a month for T3 + the Revolution.

For old customers it' 500$ per month for the first year...


Do you seriously think it's worth $500/month for old customers ? The owner of this company just wants your money.

Reply With Quote
 
(login for full post details)
  #47 (permalink)
 DarrenH 
Cotswolds UK
 
Experience: Intermediate
Platform: NT7, Multicharts
Broker: Mirus,Amp,ZenFire
Trading: Fdax
 
DarrenH's Avatar
 
Posts: 64 since Mar 2010
Thanks: 95 given, 23 received


Wuudi View Post
It's not 15k anymore. They just want to lease it.

It's now 5k initially and then 1k a month for T3 + the Revolution.

For old customers it' 500$ per month for the first year...

Y i found it interesting, Especially the quiet charts, nice idea.

Like Mike always says too much info not always good just keep it simple.

It will be great for newbies and definitely get you taking trades quicker.

But then i think in the long term learning the indicators will serve you better.

And if you have been down that long hard road to make money at trading why change!

Reply With Quote
 
(login for full post details)
  #48 (permalink)
 DarrenH 
Cotswolds UK
 
Experience: Intermediate
Platform: NT7, Multicharts
Broker: Mirus,Amp,ZenFire
Trading: Fdax
 
DarrenH's Avatar
 
Posts: 64 since Mar 2010
Thanks: 95 given, 23 received


trendisyourfriend View Post
Do you seriously think it's worth $500/month for old customers ? The owner of this company just wants your money.

Your right that have had enough of my money

Reply With Quote
 
(login for full post details)
  #49 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


trendisyourfriend View Post
Do you seriously think it's worth $500/month for old customers ? The owner of this company just wants your money.

It is legitimate that somebody who sells something, wants your money. If you like the something more than your money, then you can purchase it.


The revolution seems to be some colors and a sort of dashboard to identify setups. Should not be difficult to implement that yourself.


Past customers who have made $$$ millions with this software, will certainly purchase the new release. But how many millionaires has Nexgen already produced?

Reply With Quote
 
(login for full post details)
  #50 (permalink)
 drmartell 
Portland, OR
 
Experience: Intermediate
Platform: NinjaTrader mostly
Broker: I've tried 'em all
Trading: ZN, ES, 6E, TF, CL
 
drmartell's Avatar
 
Posts: 94 since Mar 2010
Thanks: 176 given, 78 received

For what it's worth:

A couple of years ago I started an unofficial Nexgen users group. It had roughly 50 enthusiastic members. After 2 years I know of only 3 people who both continue to use the software and are profitable with real money. In other words, about the same % of success one would expect from any approach.

Further, the 3 profitable traders are all critical of how Nexgen teaches their own method, i.e. they are not using the (ever changing) trade setups as taught.

And I agree with the comment above that virtually all indicators they use are either available free or easily coded.

From what I saw on the video, I would not expect that the success rate will change at all with the new software.

Visit my futures io Trade Journal Reply With Quote
The following 8 users say Thank You to drmartell for this post:
 
(login for full post details)
  #51 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Thats interesting. Is the group still active ?
Or do you just know the profitable traders personally ?

And no, I don't intend to lease it, especially from what I've seen in the last 2 days in the hotcomm teaching room. They broadcast it live currently with hotcomm and it's not really doing great.

The only thing i like is that it gives you an alert when a possible trade comes up. As I'm still working next to trading i'd like the idea to get an alert when a possible trades is coming...

Reply With Quote
 
(login for full post details)
  #52 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Thanks, works great, now I wonder why i spent so much money .

No, last question, is there any indicator you know that would work like the 1:1 indicator in Nexgen ?
And something like the fib-indicator (in some way the base-foundataion of Nexgen)

Reply With Quote
 
(login for full post details)
  #53 (permalink)
 fxpro888 
Taiwan
 
 
Posts: 6 since Oct 2010


drmartell View Post
For what it's worth:

A couple of years ago I started an unofficial Nexgen users group. It had roughly 50 enthusiastic members. After 2 years I know of only 3 people who both continue to use the software and are profitable with real money. In other words, about the same % of success one would expect from any approach.

Further, the 3 profitable traders are all critical of how Nexgen teaches their own method, i.e. they are not using the (ever changing) trade setups as taught.

And I agree with the comment above that virtually all indicators they use are either available free or easily coded.

From what I saw on the video, I would not expect that the success rate will change at all with the new software.


so youre saying the users group is no longer functioning? lets start a new one. cuz im full time and I will never quit. we can help each other. lets get together and trade. i have 10 friends with nexgen. I have a conference room we use to discuss trades and so on. perhaps we can get together and assist each other. develop some mutually beneficial value. what do you say?

Reply With Quote
 
(login for full post details)
  #54 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


Wuudi View Post
Thanks, works great, now I wonder why i spent so much money .

No, last question, is there any indicator you know that would work like the 1:1 indicator in Nexgen ?
And something like the fib-indicator (in some way the base-foundataion of Nexgen)

I have coded a fib confluence indicator, which is not a Nexgen clone, but produces similar results. If you want to test it, send me a private message. It would be pretty easy to code a 1:1 indicator for the current alternate.

Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #55 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

You don't need to code a 1:1, I was just wondering if somebody knows an indicator that does that already..

I'm interested to test your indicator, so I can compare it to the actual Nexgen fibs.

Reply With Quote
 
(login for full post details)
  #56 (permalink)
 drmartell 
Portland, OR
 
Experience: Intermediate
Platform: NinjaTrader mostly
Broker: I've tried 'em all
Trading: ZN, ES, 6E, TF, CL
 
drmartell's Avatar
 
Posts: 94 since Mar 2010
Thanks: 176 given, 78 received

Yes the group that I referred to is defunct.

There are some traders with whom I stay in touch. Personally I have 'evolved'? to the point that I think it is crazy to day trade without volume and order flow information. How some people can make money with the Nexgen software is beyond me and I am ok if it stays that way.

I don't mean this critically, it just isn't the answer for me personally.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to drmartell for this post:
 
(login for full post details)
  #57 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Oh ok, thats a pitty.

Anyway I'm confident that it is possible to trade without volume, what else can you do as Forex trader... there is no volume..

Reply With Quote
 
(login for full post details)
  #58 (permalink)
 fxpro888 
Taiwan
 
 
Posts: 6 since Oct 2010

so let us re-start this group of nexgen/forex traders and work together to help each other. how about it? we can call trades, share resources, and so on. ive got an ivocalize room with 15 seats which we can expand. I also have forex squawk audio which is nice too. We often get on skype and talk about trades as well. Any one up for joining?

about volume and order flow, why don 't you share some of that expertise with us? even for a fee, I would be delighted to learn more and how you can integrate the entries of nexgen with volume and order flow info. what do you say?

lets cooperate, more pairs of eyes are helpful and we are all looking at a very similar system which helps.

cheers!

Reply With Quote
 
(login for full post details)
  #59 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


drmartell View Post
Yes the group that I referred to is defunct.

There are some traders with whom I stay in touch. Personally I have 'evolved'? to the point that I think it is crazy to day trade without volume and order flow information. How some people can make money with the Nexgen software is beyond me and I am ok if it stays that way.

I don't mean this critically, it just isn't the answer for me personally.

I think the owner of Big Mikes's day trading forum trades from simple visual cues he gets by tracking series of HH HL LL LH. How about that ? Would be curious to hear what he has to say about order flow and volume in itself. Is it the golden path ?

Reply With Quote
 
(login for full post details)
  #60 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,042 since Jun 2009
Thanks: 854 given, 7,910 received


trendisyourfriend View Post
I think the owner of Big Mikes's day trading forum trades from simple visual cues he gets by tracking series of HH HL LL LH. How about that ? Would be curious to hear what he has to say about order flow and volume in itself. Is it the golden path ?

there are many ways to Rome, some likes horse some likes bike.

Reply With Quote
 
(login for full post details)
  #61 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


cory View Post
there are many ways to Rome, some likes horse some likes bike.


Wasn't aware that the Romans used bikes.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #62 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


drmartell View Post
Yes the group that I referred to is defunct.

There are some traders with whom I stay in touch. Personally I have 'evolved'? to the point that I think it is crazy to day trade without volume and order flow information. How some people can make money with the Nexgen software is beyond me and I am ok if it stays that way.

I don't mean this critically, it just isn't the answer for me personally.


You hit that nail right on its head. I use some elements for my trading, which are comparable to the NEXGEN approach

- A MACD type oscillator (cmp. MACDBBLines)
- Keltner Channels (idem)
- trendfilters (cmp. large and small trigger lines)
- fibonacci confluence zones

So the method is somehow similar, but I do use two elements that I have rarely found on their charts

- volume analysis (climax bars, churn bars, low volume bars)
- spread analysis ( narrow range and inside bars)
- floor pivots and support and resistance created by expansion bars

It is just a question, which elements you select and how you put them together.

Reply With Quote
 
(login for full post details)
  #63 (permalink)
 drmartell 
Portland, OR
 
Experience: Intermediate
Platform: NinjaTrader mostly
Broker: I've tried 'em all
Trading: ZN, ES, 6E, TF, CL
 
drmartell's Avatar
 
Posts: 94 since Mar 2010
Thanks: 176 given, 78 received


Wuudi View Post
Anyway I'm confident that it is possible to trade without volume, what else can you do as Forex trader... there is no volume..

Good point, you are on a more even playing field in that case, although you could also factor in the volume on the related futures contracts that are available. . .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #64 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


drmartell View Post
Good point, you are on a more even playing field in that case, although you could also factor in the volume on the related futures contracts that are available. . .

Note that FOREX volume can be approximated with tick volume. Many FOREX retails firms actually transmit volume information based on ticks.

And yes, tick volume can be exploited in a similar fashion as real volume.

Reply With Quote
 
(login for full post details)
  #65 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Well, there is even better volume available. For instance from esignal or from Dukascopy. On Dukascopy you can also get the bid/ask volume, but I haven't figured out a way to make a useful addition to my trading set ...

Maybe you have some articles you suggest ?

Reply With Quote
 
(login for full post details)
  #66 (permalink)
 Ralph07 
London UK
 
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
 
Posts: 121 since Oct 2010
Thanks: 23 given, 46 received

Hello guys,

I am also a Nexgen user and I begin to become profitable after using it one year. I do not respect too all the setups from the Nexgen pro room, and I would be very interested in joining a trading group sharing some informations and trading tips with Nexgen.

Can you please tell me more about the existing group?

Thanks.

Reply With Quote
 
(login for full post details)
  #67 (permalink)
 Ralph07 
London UK
 
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
 
Posts: 121 since Oct 2010
Thanks: 23 given, 46 received

Hi Wuudi,

Thanks for the informations, I will connect this afternoon. Unfortunately, I can not send private messages on this site, that's why I am answering you here.
My training period at Nexgen is indeed finished. I trade several markets, but I am mainly focusing on 6E contract for the moment.

See you in the room...

Reply With Quote
 
(login for full post details)
  #68 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Yes that is because you need some more posts, till you can send PM.

Looking forward to meet you. I trade the 6E (as spot EURUSD) mostly too, tough i have other currency pairs on my screens too..

Reply With Quote
 
(login for full post details)
  #69 (permalink)
 dnwong 
Washington, DC
 
Experience: None
Platform: ninja/TS
 
Posts: 4 since Jul 2010
Thanks: 0 given, 0 received


Fat Tails View Post
You hit that nail right on its head. I use some elements for my trading, which are comparable to the NEXGEN approach

- A MACD type oscillator (cmp. MACDBBLines)
- Keltner Channels (idem)
- trendfilters (cmp. large and small trigger lines)
- fibonacci confluence zones

So the method is somehow similar, but I do use two elements that I have rarely found on their charts

- volume analysis (climax bars, churn bars, low volume bars)
- spread analysis ( narrow range and inside bars)
- floor pivots and support and resistance created by expansion bars

It is just a question, which elements you select and how you put them together.

Can you expand on how you might do the volume analysis?

Reply With Quote
 
(login for full post details)
  #70 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


dnwong View Post
Can you expand on how you might do the volume analysis?

I use a better volume indicator. I look for climax bars (wide range, high volume) that are followed by churn bars (narrow range, high volume), then a failed breakout from the range generated by the climax bar to signal a potential trend reversal.

Reply With Quote
 
(login for full post details)
  #71 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received


Fat Tails View Post
I use a better volume indicator. I look for climax bars (wide range, high volume) that are followed by churn bars (narrow range, high volume), then a failed breakout from the range generated by the climax bar to signal a potential trend reversal.

Have you made some tests in order to assess which interval gives the most significant signals for the climax bars ? Also, how many signals like these do you find significant enough on average for an instrument like the ES or TF in a typical day ?

Reply With Quote
 
(login for full post details)
  #72 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


trendisyourfriend View Post
Have you made some tests in order to assess which interval gives the most significant signals for the climax bars ? Also, how many signals like these do you find significant enough on average for an instrument like the ES or TF in a typical day ?

When using better volume intraday there are two limiations

-> it does not give significant results for timeframes < 5 min
-> it cannot be fully used for the first ten bars after the open

This means that you can start using it on a 5 min chart after the initial balance is completed. On a 15 min chart it is difficult to use it during the morning session.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
(login for full post details)
  #73 (permalink)
 ibiscmllc 
Parkland, FL, USA
 
Experience: Advanced
Platform: NinjaTrader
Broker: Kinetick, Amp Futures
Trading: ES, 6E
 
ibiscmllc's Avatar
 
Posts: 17 since Aug 2010
Thanks: 0 given, 6 received


Fat Tails View Post
You hit that nail right on its head. I use some elements for my trading, which are comparable to the NEXGEN approach

- A MACD type oscillator (cmp. MACDBBLines)
- Keltner Channels (idem)
- trendfilters (cmp. large and small trigger lines)
- fibonacci confluence zones

So the method is somehow similar, but I do use two elements that I have rarely found on their charts

- volume analysis (climax bars, churn bars, low volume bars)
- spread analysis ( narrow range and inside bars)
- floor pivots and support and resistance created by expansion bars

It is just a question, which elements you select and how you put them together.

Here is a question to ponder: between the 'system' and the 'trader', how do you think that each contributes to profitability (e.g. percentage)? 80% system/20% trader? 20% system/80% trader? 50/50?....Do you think that a more sophisticated system (i.e. more indicators, better indicators) is the key to profitability? Or do you think that a better trader is the key? The answer should guide the priorities.

Reply With Quote
The following user says Thank You to ibiscmllc for this post:
 
(login for full post details)
  #74 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


ibiscmllc View Post
Here is a question to ponder: between the 'system' and the 'trader', how do you think that each contributes to profitability (e.g. percentage)? 80% system/20% trader? 20% system/80% trader? 50/50?....Do you think that a more sophisticated system (i.e. more indicators, better indicators) is the key to profitability? Or do you think that a better trader is the key? The answer should guide the priorities.

Do you think that it takes a excellent driver or an excellent car to win a Formula 1 race? I think the result will depend on both driver and car. It is not the sum of car and driver but the product of both that makes up for success.

Trading systems are like organisms that feed on the behaviour of other traders, so they need to be sophisticated, as they need to be both adaptive to ever changing market conditions and robust. Too many indicators can actually produce the opposite.

But a good trading system can be bought or put together quickly. You cannot easily buy the knowledge and experience to operate it, so the training of trading skills should be the focus.

Reply With Quote
The following 8 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #75 (permalink)
 Ralph07 
London UK
 
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
 
Posts: 121 since Oct 2010
Thanks: 23 given, 46 received

Hello,

I am searching a volume analysis/indicator to add to Nexgen methodology... Anyone has an idea by any chance?

Thanks a lot.

Reply With Quote
 
(login for full post details)
  #76 (permalink)
Mrmichaelzz
Taipei
 
 
Posts: 5 since Dec 2010
Thanks: 0 given, 0 received

I've had T3 for about 4 months now. Just wondering who else is using T3 and what have they done with it, maybe swap ideas.
Perhaps what others think of it as well. (all things considered)

-Thanks!

Reply With Quote
 
(login for full post details)
  #77 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,980 since Jun 2009
Thanks: 32,454 given, 98,214 received

What is different from a nexgen T3 and a normal Tilson T3?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #78 (permalink)
Mrmichaelzz
Taipei
 
 
Posts: 5 since Dec 2010
Thanks: 0 given, 0 received


Big Mike View Post
What is different from a nexgen T3 and a normal Tilson T3?

Mike

Nexgen is the name of the company, T-3 is some is an education and an indicator package. It auto generates
Fibonocci lines as well as a few other indicators.

I've never heard of Tilson (you could explain some more

Reply With Quote
 
(login for full post details)
  #79 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 49,980 since Jun 2009
Thanks: 32,454 given, 98,214 received


Mrmichaelzz View Post
Nexgen is the name of the company, T-3 is some is an education and an indicator package. It auto generates
Fibonocci lines as well as a few other indicators.

I've never heard of Tilson (you could explain some more

Oh sorry, I've never looked at their products so just assumed (incorrectly it seems) their T3 was related to what is commonly called the T3 moving average.

Attached is T3 for NT.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Attached Files
Register to download File Type: cs T3Average.cs (10.2 KB, 85 views)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #80 (permalink)
 thegrail 
United States
 
Experience: Intermediate
Platform: Trade Navigator, esignal
 
Posts: 10 since Oct 2010
Thanks: 0 given, 1 received

I see there are several users of NexGen T3. Can someone please tell me what the MACD and Bollinger settings are for the NexGen MACDBB?

Thank you, much appreciated,
Chuck

Reply With Quote
 
(login for full post details)
  #81 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Hi,

I am a user of Nexgen but I can't tell you how to emulate the macd BB, because the Nexgen indicator macdBB does not have any setting at all. It just runs on their default setting

Reply With Quote
 
(login for full post details)
  #82 (permalink)
 thegrail 
United States
 
Experience: Intermediate
Platform: Trade Navigator, esignal
 
Posts: 10 since Oct 2010
Thanks: 0 given, 1 received

Thanks for the reply. I did not realize that. There's a company called New Futures Trading International - New Futures Trading - A way of life... - that uses the MACDBB on Tradestation, and he has the settings, but he's not saying.

I guess there's always trial and error. But I don't have a clear screenshot of the original. If you have time, perhaps you could post one.

Best,
Chuck

Reply With Quote
 
(login for full post details)
  #83 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Here's a screenshot of 6E 220 tick from just now:

Attached Thumbnails
Click image for larger version

Name:	2011-02-18 07h59_39.png
Views:	617
Size:	183.6 KB
ID:	31226  
Reply With Quote
 
(login for full post details)
  #84 (permalink)
 thegrail 
United States
 
Experience: Intermediate
Platform: Trade Navigator, esignal
 
Posts: 10 since Oct 2010
Thanks: 0 given, 1 received

Thanks for the screenshot Wuudi, I appreciate it, but I meant I was looking for a screenshot of the MACDBB from the NexGen software, so I could try to match up the shape with various settings in NinjaTrader. In NinjaTrader, you have to select the MACD and Bollinger settings. Have you found some settings which coincide with NexGen?

It looks like you've got pretty much the whole thing replicated.

Thanks again,
Chuck

Reply With Quote
 
(login for full post details)
  #85 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

The indicator at the gottom IS the macdbb

Reply With Quote
 
(login for full post details)
  #86 (permalink)
 thegrail 
United States
 
Experience: Intermediate
Platform: Trade Navigator, esignal
 
Posts: 10 since Oct 2010
Thanks: 0 given, 1 received

I realize that Wuudi, but the question is, what are the settings (both NT and NexGen). In NinjaTrader, if you rt-click the chart, select Indicators, and from the Indicators panel, select the indicator, on the right top you will see Parameters. What do you have for:
# of Std Dev
BarPeriod
Fast
Slow
Smooth

Also, the NexGen may be different, which is what I'm trying to discern. So, I was looking for a chart of the NexGen software (which you say has the settings built in) to compare to the NinjaTrader (for which settings can be customized).

Hope that clarifies.

Thanks for your help,
Chuck

Reply With Quote
 
(login for full post details)
  #87 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Well that's exactly what I posted.
What you see is a 220tick chart of the 6E with all the nexgen indicators. The bottom window IS the MacdBB from Nexgen and there are no settings available for that.

This is the Indicator screenshot:

Attached Thumbnails
Click image for larger version

Name:	2011-02-19 22h59_21.png
Views:	410
Size:	43.1 KB
ID:	31305  
Reply With Quote
 
(login for full post details)
  #88 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


Wuudi View Post
Well that's exactly what I posted.
What you see is a 220tick chart of the 6E with all the nexgen indicators. The bottom window IS the MacdBB from Nexgen and there are no settings available for that.

This is the Indicator screenshot:

Could you post a 5-min chart? Would make it easier to compare with the NinjaTrader indicators.

Reply With Quote
 
(login for full post details)
  #89 (permalink)
 thegrail 
United States
 
Experience: Intermediate
Platform: Trade Navigator, esignal
 
Posts: 10 since Oct 2010
Thanks: 0 given, 1 received

Thanks Wuudi, now I (finally) get what you're saying. I have a NT MACDbb indicator which has the settings. I didn't realize their indicators were for NT (which explains how you replicated their whole system on NT). Thanks again.

Reply With Quote
 
(login for full post details)
  #90 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received

Nexgen T3 is available for NinjaTrader and for TradeStation...

Here is a screenshot of the 6E 5min complete with indicators

Attached Thumbnails
Click image for larger version

Name:	2011-02-20 10h21_25.png
Views:	501
Size:	195.4 KB
ID:	31323  
Reply With Quote
 
(login for full post details)
  #91 (permalink)
 Fat Tails 
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,743 received


Wuudi View Post
Nexgen T3 is available for NinjaTrader and for TradeStation...

Here is a screenshot of the 6E 5min complete with indicators

I do not want to copy the Nexgen setup, but there is no mystery for most of the parameters:

MACDBBLines -> uses standard MACD settings, the dots are colored in a different way if you compare the colors to the MACDBBLines from the forum
TriggerLines -> settings (80/20) and (20/5)
Keltner Channel -> CenterLine is EMA(55), ATR(55) uses exponential smoothing, bands use multiplier of 3.5
Fib Confluence Zones -> cannot be exactly replicated

That said, even if you have the indicators, it does not mean that you can trade them profitably without undergoing some training.

Attached Thumbnails
Click image for larger version

Name:	6E 03-11 (5 Min) 18_02_2011.jpg
Views:	504
Size:	137.1 KB
ID:	31324  
Reply With Quote
 
(login for full post details)
  #92 (permalink)
Wuudi
Italy
 
 
Posts: 14 since Aug 2010
Thanks: 2 given, 0 received


Fat Tails View Post

That said, even if you have the indicators, it does not mean that you can trade them profitably without undergoing some training.

Totally agree, even buying the original indicators for that exagerated amount of money doesn't guarantee that you will be trading profitable...

Reply With Quote
 
(login for full post details)
  #93 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
Platform: Ninja
Trading: Futures
 
Posts: 19 since Feb 2011
Thanks: 5 given, 14 received

there's really no magic to the indicators themselves, however as an owner of T3 indicators and from sitting in the trading room for quite sometimes would honestly stress the fact that you need to learn exactly how to read them...

I have lots of taped sessions from the live trading room and would be willing to post them for you guys to download them if you're really interested to learn the indicators....

let me know

Reply With Quote
The following user says Thank You to dh004110 for this post:
 
(login for full post details)
  #94 (permalink)
 thegrail 
United States
 
Experience: Intermediate
Platform: Trade Navigator, esignal
 
Posts: 10 since Oct 2010
Thanks: 0 given, 1 received

dh004110: That would be great, I'd love to take a look at some of the sessions. Much appreciated.

Wuudi and Fat Tails: Thank you for taking the time to post the charts.

Best,
Chuck

Reply With Quote
 
(login for full post details)
  #95 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
Platform: Ninja
Trading: Futures
 
Posts: 19 since Feb 2011
Thanks: 5 given, 14 received

I will post a rapidshare link to 2 files shortly, please review them and let me know....

Reply With Quote
The following user says Thank You to dh004110 for this post:
 
(login for full post details)
  #96 (permalink)
pippinaintez
USA
 
 
Posts: 8 since Jul 2009
Thanks: 6 given, 2 received

could you please share videos with me too and any market recaps you may have? how is the nexgen system working out for you? is it profitable? thanks.

Reply With Quote
 
(login for full post details)
  #97 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
Platform: Ninja
Trading: Futures
 
Posts: 19 since Feb 2011
Thanks: 5 given, 14 received

as promised, 2 live sessions for the room....

https://rapidshare.com/files/449195004/100110-Jeremy-morning-1.wmv
https://rapidshare.com/files/449194792/100110-Jeremy-morning-2.wmv

Reply With Quote
The following 4 users say Thank You to dh004110 for this post:
 
(login for full post details)
  #98 (permalink)
pippinaintez
USA
 
 
Posts: 8 since Jul 2009
Thanks: 6 given, 2 received

thank you very much for the videos.

Reply With Quote
 
(login for full post details)
  #99 (permalink)
 trendisyourfriend 
Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,996 since Oct 2009
Thanks: 3,671 given, 5,160 received

I see that Jeremy is still active as a teacher. When i was in their room many moons ago i really liked his style and his conservative approach. Although today i have added some new twists to the original method, i still rely on that framework to daytrade but i don't use their software as most of it is free. Instead of the Fibonacci levels, i use the Market Profile to determine key locations as it's based on Volume and keep an eye on the daily pivots using the free tools developed by Fat Tails.

Reply With Quote
 
(login for full post details)
  #100 (permalink)
pippinaintez
USA
 
 
Posts: 8 since Jul 2009
Thanks: 6 given, 2 received

Fat Tails,

On your nexgen (clone) chart that you posted, do you use that to trade or were you just showing an example of it?

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > NexGen indicators and review (www.nexgent3.com)


Last Updated on May 2, 2019


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 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