Nevermind that they use the actual Dodge Viper logo, goes to show how shameless they really are.
The only pearl of wisdom I got from them, was the use of Range bars. I simply wasn't familiar with them. I really like how they function and the story they tell, along with using a "trend" chart 1.5x the time period for some guidance. Other than that, I am am glad I never paid for more than one month (Oct-09). And I am even happier that I found futures.io (formerly BMT)
The following user says Thank You to bandler6 for this post:
I would add though, the one thing I thought was kind of neat on their AT window, was the PnL Plot on panel 2. It's a nice visual to see where you stand at any point in your trade/session as a graph, rather than step away to the Control Panel or the DOM.
I am, for reason unknown, still on their distribution list. Their most recent email announced another $3,000 + day trading several markets and over $45,000 profit for the month. One would think with returns that large someone in the media would pick this up or users of their auto systems would be boasting all over the net!!!!!!!!!!!!!
Not a peep!!
I am a subscriber for 3 weeks now. I have learned a lot of these guys. I now see the charts in a different way. I like attending their daily live trade webinar. It's very interesting and you get real time information about entering a trade or not. So far, I am quite happy with the offer.
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TSSuperTrend also works rather well. Change default settings as follows:
SuperTrend Mode = "Adaptive" (default is ATR)
Multiplier = 4 (default is 2.618)
Moving Average Type = HMA (default)
Smoothing = 14 (default)
Actually, comparing the 2 on the same screen, the TSSuperTrend is a bit earlier in its recognition of the change in trend direction. Try 'em both out & compare. The thing I like about TSSuperTrend is, you can color the Up / Down stop dots, whereas in the ATRTrailingStop, they are always the same color. Just a minor difference, but one that may appeal to you.
After all, it's what you learn AFTER you know it all, that counts!
Last edited by TheWizard; August 11th, 2010 at 09:22 PM.
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Those indicators were written by others, and I'm not a programmer so someone else will have to update them.
I no longer use this system. If you can be consistently profitable with this then maybe you have the trading skills to not need it. Viper/Unviper is not enough by itself. Be careful with it. Trade sim for at least 1 month.
The following user says Thank You to tomgilb for this post:
Thank you Tom for your reply, and thank you for your compliment. I know I can trade without the system, but I just think it looks pretty cool and I like to dabble with other things just for the heck of it.