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Anyone use this Indicator from Trading123.Net?


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Anyone use this Indicator from Trading123.Net?

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  #11 (permalink)
Ireland
 
Experience: Intermediate
Platform: Ninjatrader
 
Posts: 9 since Jul 2009
Thanks: 0 given, 1 received


Jeff Castille View Post
Hey Franky,

I'd be interested to see a chart of what you're looking at when you trade.


Hi Jeff,

Not sure it would serve a huge amount of purpose, but, will do so.

Franky

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  #12 (permalink)
Ireland
 
Experience: Intermediate
Platform: Ninjatrader
 
Posts: 9 since Jul 2009
Thanks: 0 given, 1 received

Thanks cunparis and sharky, good advice. Tbh not at a crossroads yet. But might be interesting to post a chart.....I have a fair number of standard indicators on my charts...some even I dont refer to anymore yet am averse to removing then...(like an old friend I guess). Mainly, look for divergences with macd with confirmation from time and/or support/resistance.

Franky

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  #13 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
cunparis's Avatar
 
Posts: 2,565 since Jun 2009
Thanks: 1,162 given, 2,076 received



gregor32 View Post
Basically its targeted at noobs anyone been trading for a few years who hasn't completely lost there shirt would know its the same as free indicators.

Could you demonstrate this? Could you come up with an indicator combination and that enters and exits at similar bars to those shown in the examples on the website? I'm betting it's not easy and even if one could I bet it would take hours and hours. What I'm saying is even if this isn't the holy grail of indicators, it could still have value. If it would take me 20 hours to develop the same thing then might as well buy it.

I'm not recommending it because I think one can be successful with price and volume and just a couple indicators. My train trading system for ES has only 1 price indicator. I've compared it to using stochastics and I got similar results. I could probably trade it with stochastics, macd, rsi, or anything else.

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  #14 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
cunparis's Avatar
 
Posts: 2,565 since Jun 2009
Thanks: 1,162 given, 2,076 received


franky View Post
Thanks cunparis and sharky, good advice. Tbh not at a crossroads yet. But might be interesting to post a chart.....I have a fair number of standard indicators on my charts...some even I dont refer to anymore yet am averse to removing then...(like an old friend I guess). Mainly, look for divergences with macd with confirmation from time and/or support/resistance.
Franky

Whenever I post a chart of my trades, people are able to find reasons that I shouldn't have taken some of them. For me it's not the trades I missed that hurt me, it's the trades I took that I shouldn't have. I posted a chart in Jeff's thread and showed him a trade and he pointed out that it was a test of the low and not a good point to go short. So now I'm looking out for that.

In the beginning I didn't post charts cause I thought I had an edge in my indicator combinations and settings. Now I realize that I could explain what I do to everyone and give them my charts and they wouldn't be able to duplicate my results. The reason is there is a lot more to it than indicators. You have to know how to use them, when, and most importantly when not.

Your description sounds like a good approach to me. I love divergences.

Also one final thing, I took a break from my regular ES trading because I lost my mojo. After 2 months of being consistently profitable I was losing money. I'm still figuring out what went wrong but I think a lot of it has to do with the summer months being lower volume and more volatile. And the second reason is I stopped analyzing all my trades every night. So I plan to start again on sim after labor day. So if you've been doing bad lately don't beat yourself up, it could just be the summer or it could be something you changed. Like if you're doing well you stop doing something thinking it's no longer necessary and it turns out that was the reason for your success.

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  #15 (permalink)
San Diego, California
 
Experience: Intermediate
Platform: NinjaTrader, Felton
Trading: CL, GC
 
Hapster's Avatar
 
Posts: 141 since Aug 2009
Thanks: 40 given, 81 received

Yeah, if it's been working so well and "is now available for traders," then why isn't the author simply keeping it to himself and making his own bank on it? Shouldn't have to worry about getting $325 from trader(s) for it.

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  #16 (permalink)
Paris, France
 
Experience: Advanced
Platform: Market Delta & Ninjatrader
Trading: ES
 
cunparis's Avatar
 
Posts: 2,565 since Jun 2009
Thanks: 1,162 given, 2,076 received


Hapster View Post
Yeah, if it's been working so well and "is now available for traders," then why isn't the author simply keeping it to himself and making his own bank on it?
Shouldn't have to worry about getting $325 from trader(s) for it.

I know more than one successful trader who sells indicators. There are lots of reasons why they might want to sell it:

Another source of income
Want to help other traders
Like making a product
Could be a hobby
Could get feedback on it from clients
Etc.

In my experience, just an indicator alone isn't enough to be profitable. You have to learn how to trade. The indicator is just a tool.

Bottom line: You don't need to purchase any indicators to be successful. But if you want you can purchase a specific indicator if it fills your need and saves you time of having to develop it yourself. But it's not ok to buy it thinking it'll make you profitable without hard work.

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  #17 (permalink)
Hartford, CT. USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG, Kinetick
Trading: RTY
 
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Posts: 686 since Jun 2009
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cunparis View Post
I know more than one successful trader who sells indicators. There are lots of reasons why they might want to sell it:

Another source of income
Want to help other traders
Like making a product
Could be a hobby
Could get feedback on it from clients
Etc.

In my experience, just an indicator alone isn't enough to be profitable. You have to learn how to trade. The indicator is just a tool.

Bottom line: You don't need to purchase any indicators to be successful. But if you want you can purchase a specific indicator if it fills your need and saves you time of having to develop it yourself. But it's not ok to buy it thinking it'll make you profitable without hard work.

Well said, I am in complete agreement.

RJay

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  #18 (permalink)
Vancouver, British Columbia Canada
 
 
Posts: 13 since Nov 2009
Thanks: 3 given, 8 received

That indicator for Ninja is the MACDBBlines... just modified - I have been playing around with the settings and think I have almost got it - Maybe someone here can get it figured out...

First is their chart -

The chart below is just me fooling around but you can see the similarities, just haven't found the right combo as yet....


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  #19 (permalink)
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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Posts: 313 since May 2011
Thanks: 69 given, 508 received


barberman View Post
Complete SCAM! I purchased the system so I know. All his auto trader is the SuperTrend with settings of 2.618 on a Unirenko settings of 2 8 4. Run it and you will blow your account up in 1 day. Working with him he says I need to learn to time the market..lol he forgot to send the crystal ball he uses when I purchased the system.
He cherry picks his winning post.
STAY FAR AWAY

This is another scam that should be shut down. I see him on Twitter with his idealized charts and profitable signals. As you said, just setup a UniRenko chart with the Supertrend strategy or indicator and you'll see how fast you can lose your money.

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  #20 (permalink)
Washington, DC USA
 
 
Posts: 57 since Nov 2013
Thanks: 10 given, 4 received



barberman View Post
Complete SCAM! I purchased the system so I know. All his auto trader is the SuperTrend with settings of 2.618 on a Unirenko settings of 2 8 4. Run it and you will blow your account up in 1 day. Working with him he says I need to learn to time the market..lol he forgot to send the crystal ball he uses when I purchased the system.
He cherry picks his winning post.
STAY FAR AWAY

Did you go thru all the training videos and training documents first to learn about market timing and best days to trade before trying to trade the system?
Or did you just jump right into trading the system without learning how to use it first?

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