Looked at another NT 3rd party provider--ninjaindicators4u.com.
They seem to have a system that does a good job of making good trading opportunities look obvious. They also provide several videos describing the indicators and the methods. Some of these indicators appear unique. At least they don't appear to have been lifted directly from futures.io (formerly BMT) as some other vendors have done. If anyone wants to look at the site and provide some feedback that would be great.
I found this guys webinars very straight forward and the "old school" mentalities he presents very refreshing. It was so nice to hear an intelligent person present some good reasoning for price action based "alignment" of signals approach. I also see he likes RENKO charts and I could not agree with him more in his analysis.
For a newer or developing trader who wants a pre-packaged mechanical approach, I like this system overall. I would rather see a newb trading these defined mechanical set ups versus following a guy in a chatroom blowing out $312K from a slick website.
Thanks for bringing up this vendor site. I watched the webinar. And I was impressed how he made a good intelligent case for his indicators and using Renko charts which I'd never considered before, then he showed some of his supposed profitable trades. I like how he emphasized determining a trend's strength and whether it would continue and trying to eliminate ambiguity as much as possible. It was a very well thought out "left side of the chart" presentation and nice and easy to understand. It would be nice if he showed some time jumping live trades with it like Barry Taylor does on his emini-watch.com site. i.e. showing when he entered live, then time skipping to the resolution of the trade live, preferably with DOM or charttrader on.
Yes, it seems more M.D.'s or former M.D.'s are making more of a presence on the trading vendor industry.
Last edited by Cloudy; February 7th, 2012 at 11:48 PM.
I emailed Don about the indicators through his contact email form on the website. He was helpful and informative and offered a trial of the indicators for 5 trading days for $50 (non-refundable). I decided to try them out. I'll see how it goes.
I noticed something I was stupid not to have noticed before. I noticed in the videos of triangle trend , there was not one loser reviewed. Just winners, or staying out of bad trading. Not showing losing trades, and I've had big losers on the ES recently is disturbing. And the indicators are still touted as "discretionary". Also on the website, it's said no need to modify the indicators. But the creator has modified settings more than a few times in the last few weeks and come up with another new indicator to further "filter" the previous indicators. I'm kicking myself for not noticing no losing trades earlier.