NexusFi: Find Your Edge


Home Menu

 





Advanced Trading workshop ATW


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one forgiven with 9 posts (2 thanks)
    2. looks_two Ozefex with 9 posts (1 thanks)
    3. looks_3 BTTFT Michael with 8 posts (4 thanks)
    4. looks_4 Big Mike with 5 posts (4 thanks)
      Best Posters
    1. looks_one Rory with 14 thanks per post
    2. looks_two MarkG with 3 thanks per post
    3. looks_3 JonnyBoy with 2.5 thanks per post
    4. looks_4 Big Mike with 0.8 thanks per post
    1. trending_up 25,998 views
    2. thumb_up 58 thanks given
    3. group 14 followers
    1. forum 54 posts
    2. attach_file 14 attachments




 
Search this Thread

Advanced Trading workshop ATW

  #51 (permalink)
 BTTFT Michael 
East Bend
 
Experience: Advanced
Platform: NinjaTrader, Tradestation, MetaTrader
Broker: Mirus/Kinetick
Trading: Futures, Oil, Gold, NQ
Posts: 50 since Mar 2010
Thanks Given: 2
Thanks Received: 67

Forgiven, my experience in the past with this has been fairly straightforward. And it applies equally to a program that was developed for free, and a program that was developed with encryption.

There are about 6 NT programmers that do that bulk of custom indicator development for the community of end users. With unlocked code, they can migrate the program for the customer to the new platform as a service (and do it all the time).

I'm in a similar situation now with an indicator from this site, the "Divergence Input Series" indicator. It's in the downloads section for 7, and not for 8. No one has any plans to develop it for 8, but I've recommended it to customers (who are using it) and have to pay to have it migrated (as open source) to NinjaTrader8. That was a free indicator. But the fact that those programmers can see the code - means they can migrate it over (even though it was a free tool).

The point is, make sure the tools you work with have that guarantee - that the vendors will unlock and distribute (doomsday) in the eventuality the company folds up their table. If they don't have an immediate well thought out response when asked, people should probably avoid that company IMO. Thanks for the thoughts on this though. It's a serious issue.



forgiven View Post
when the platform it runs on like ninja 7 for example is not supported . how are the traders with third party b.s. software going to move it to ninja 8. the code is not the same. when you buy third party software you are hung out to dry sooner or later. the traders here up date the free indicators for a platform faster than the ones you pay for. ( if the indicator is not here for free...you do not need it )


Please send me a Private Message if you have any questions about BTTFT services
Follow me on Twitter Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Build trailing stop for micro index(s)
Psychology and Money Management
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #52 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 580


BTTFT Michael View Post
Forgiven, my experience in the past with this has been fairly straightforward. And it applies equally to a program that was developed for free, and a program that was developed with encryption.

There are about 6 NT programmers that do that bulk of custom indicator development for the community of end users. With unlocked code, they can migrate the program for the customer to the new platform as a service (and do it all the time).

I'm in a similar situation now with an indicator from this site, the "Divergence Input Series" indicator. It's in the downloads section for 7, and not for 8. No one has any plans to develop it for 8, but I've recommended it to customers (who are using it) and have to pay to have it migrated (as open source) to NinjaTrader8. That was a free indicator. But the fact that those programmers can see the code - means they can migrate it over (even though it was a free tool).

The point is, make sure the tools you work with have that guarantee - that the vendors will unlock and distribute (doomsday) in the eventuality the company folds up their table. If they don't have an immediate well thought out response when asked, people should probably avoid that company IMO. Thanks for the thoughts on this though. It's a serious issue.

you have to be kidding ( guarantees from a trading vendor ) lol lol he-ha . i will leave that question to folks reading this post, as to how much guarantees from trading vendors are worth.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #53 (permalink)
 BTTFT Michael 
East Bend
 
Experience: Advanced
Platform: NinjaTrader, Tradestation, MetaTrader
Broker: Mirus/Kinetick
Trading: Futures, Oil, Gold, NQ
Posts: 50 since Mar 2010
Thanks Given: 2
Thanks Received: 67


I've uploaded a second indicator to the Futures IO community downloads section for people that wanted a better signal than the Sniper Scalping signal that was being sold for Ninjatrader7, in the Ninjatrader7 downloads section.

This is a tool that we were using internally for scalping, and gave to customers that were not doing well with the Sniper Scalping System as an alternative entry in their studies.

[ SIDE NOTE In the past, I've allowed what has become a pervasive and dark cynicism internal from time to time in BMT/Futures IO to drive my replies and responses to posts on Futures IO, and become distracted from what the community was supposed to be - a support network for people who were attempting to do what was possibly the most difficult thing they'd ever attempted in their lives. I won't engage in the darker conversations with anyone who does not share that vision in the future. As such, we are deploying multiple downloads using tools that we have built over the next few weeks to help accomplish the vision Mike has for this community ]

Setups using Scalpel in the Downloads Section

There are 3 possible entries worth exploring with the Scalpel Signal (please go to the downloads section and search the NinjaTrader7 downloads section for the "Scalpel Signal" zip file we created for you).

Entry one is a mean reversion entry - using any one of a number of mean reversion confirmation tools (VWAP, Donchian, Keltner, Bollinger) for possible entries. You may find a bar that whose body is fully outside the deviation value a higher probability entry and more likely to return to the mean faster than a non-close bar.

I find mean reversion trading harder to follow, and would suggest instead a trend entry signal. The signal is equipped with an EMA trend filter, that you can adjust higher or lower to follow the trend closely, or further away. The signal, when actuated, generally falls away from the arrow either directly at the close, with a maximum of 1 bar height above as a tolerable risk area. You can use the opposite signal as a potential exit, or deploy a 2:1 risk reward ratio at entry (risking 8 to make 16, etc).

Increasing the SIGNAL and the WARNING parameters in NinjaTrader will decrease the number of signals shown in the chart space. No more than 7 as a higher value. Decreasing the value (no lower than 3 or 4) will create a higher number of signals -

A higher number of signals can be more desireable in a trend trading environment as shown in the attachments to this post. Similarly, watch for a close above or below the counter trend signal as confirmation of a scalping trend continuation.

The prior method of the Sniper Scalping System was based on a multi-time-frame MA crossover which many traders had difficulty anticipating, something that is critical in a scalping system I think (the signal can happen so fast that there's no way you could get filled at the entry indicated) . The Scalpel signal therefore has a warning signal, painting the bars as you move into a signal and notifying you that a signal is coming, as opposed to the Sniper signals that would appear very quickly and without warning because of the inherent lag.

You can also download the OSCILLATOR ALERT indicator that we uploaded for the community last month. This scalping indicator can work very well as a scalping indicator for fast quick profits, especially when deployed against the FISHER TRANSFORM tool in the NinjaTrader indicator list.

Please PM me if you want assistance setting up a chart with this tool, or the OSCILLATOR ALERT tool we uploaded for scalping members. I'd be happy to help with any questions anyone has. You'll find this a more powerful alternative to anything that was sold under the Sniper banner and not have to spend $2,000 learning how to use it.

Please send me a Private Message if you have any questions about BTTFT services
Attached Thumbnails
Click image for larger version

Name:	Scalpel_Signal.gif
Views:	310
Size:	38.4 KB
ID:	240184   Click image for larger version

Name:	Scalpel_Signal_2.gif
Views:	311
Size:	69.2 KB
ID:	240185   Click image for larger version

Name:	Scalpel_3.gif
Views:	294
Size:	64.7 KB
ID:	240186   Click image for larger version

Name:	Scalpel_4.gif
Views:	316
Size:	64.7 KB
ID:	240187  
Follow me on Twitter Reply With Quote
Thanked by:
  #54 (permalink)
 Ozefex 
Melbourne, Australia
 
Experience: Beginner
Platform: Ninja Trader, Metatrader
Trading: CL and others...
Posts: 13 since Jun 2014
Thanks Given: 13
Thanks Received: 2

Anyone who missed downloading this indicator before it was removed from the site (I assume because it was uploaded as a DLL) missed a damn good indicator.

Thanks Michael

Reply With Quote
  #55 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539


Ozefex View Post
Anyone who missed downloading this indicator before it was removed from the site (I assume because it was uploaded as a DLL) missed a damn good indicator.

Thanks Michael

Yes, it violated site rules (obfuscated DLL). He is welcome to post it again without DLL.

Sent using the NexusFi mobile app

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on August 23, 2017


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts