gents, I recall on another thread this system was mentioned. I was curious and I decided to investigate it and after speaking with the developer I went ahead and signed up for it.
Although the system only runs on the developers own trading program (atrader) and the program itself has a long way to go in terms of a charting and order execution platform, it is certainly in the same affordability level of amibroker, though I would stop the comparison there as amibroker is much more advanced.
atrader supports IB for OE, and ZenFire, Transact, IB, DTN for market data. I use DTN/IB/ZF, but DTN is really what I feed my charting program (given I am studing fulcrum traders method) and for OE I use tradevec. I have no intentions at present to use atrader as my main charting platform, but I see value on the shark system for learning and confirming one's understanding as signals are triggered and one observes volume, price, cumm delta, etc.
I am attaching some screen captures of tick charts with delta... the chrats are 500/1500/4500, as I follow some of the methods of Barry Taylor's (emini-watch.com) as well.. I will post other markets when I have a chance as well as a report of trade signals, etc.
I will say the following about the system so far, after watching it for 2 days, I prefer it to EOTPRO... both in terms of price.. $199 per month with a current intro offer of $299 for 3 months... and learning ability...
EOTPRO is extremely blackbox and I just cant learn anything from how the signals are generated, or can even attempt to extrapolate by reading the comments from their developers and past developers.. so when compared to $350 USD vs. $199 USD and I can plot the signals against the other indi's that I base my trades on and compare what my decision would have been and what the signal generated, I find shark to be better. just my personal opinion, as we are all entitled to it.
I think atrade is good overall if you want to use delta and market profile.. but as a charting/trading platform it has ways to go... those who love NT will argue for NT, those who love TS will argue for TS, those who love MarketDelta for MD, and those who love MC for multicharts.. I have tried them all, and I can say that I prefer MC for strategies, but I like MD for VB/MP.. but for discretionary trading I like tradevec/r-trader for Order Entry.. I know I might be offending a few.. I should mention that I am licensed for NT, it is just too unstable for me and it sucks on 64bit.. but b20 was a huge improvement overall. The point of my comments is to not focus on the trading platform, but rather the system, as one can have the system running on another Computer or a VM while charting/order entry is on separate system and platform overall.
and now, the charts...
Last edited by sysot1t; September 8th, 2010 at 06:17 PM.
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I believe that all methods have validity, some of them are complimentary vs. complete opposites augmenting each other, and someone can always take away and incorporate pieces from those methods studied and into their own method.
from emini-watch I have learned about SR, MTF, and divergence ... and that is why I use the sinewave_jma indi and better mom ... I would like to say that I understand better_proam, I still put it up as an indication of trade size which is what I believe it to be of value to me as I believe program trading algo's can indeed execute low contracts sizes in very rapid sequence and as such the trade size is not always an indication IMO of who is at work, hence why I like to understand CVD with the way fulcrum does it... that helps me understand volume flow better... and lastly, MP is what I am studying and trying to understand better which will also aid me on my understanding of the markets, auction process, value analytics, SR, etc.
money and risk management, I have learned from reading other's experiences and seeing where, how and what lead to their failures; from books, from this forum and others like traderslab and some obscure ones, and just from plain common sense at times as to things one should not do, period.
am I doing the same thing as placing tons of indicators on a chart? nope, I am attempting to understand the markets from all angles absorbing as much information as possible to better my trading... unlike looking at all methods, not learning anything from anyone and just moving on to the next method before I even spend lots of time studying one method... to me, at the end of the day, a good understanding of the markets and how they function along with risk/money management and discipline is what makes a good trader, and as such I study those methods that actually focus on an aspect of a market vs. on teaching me how to use an indicator.
I doubt very much those that are making a living off trading futures full time are not continously learning and studying other methods to see what they can incorporate within their own method/system to better or simplify it. I believe Adaptability is the key to survival. Perhaps I am wrong on my assumptions, but that is what I believe.
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the concept is what drives people to it I think... the thought that your trading probabilities are being determined by a neural net(AI) might give some comfort to those who dont want to learn about the markets and due their homework... regardless, it is a huge black box...
I would much rather build my own adaptive auto trading system with something like neuroshell or neurosolutions, or even biocomp's dakota... things we can afford at a retail level and at least I will know the rules that go into it and then adapt them when something does not work.. vs. EOTPRO that just spews signals.
Dont take me wrong, eminishark is a closed system, but thus far I have had far better communications with the developer when asking questions (and I ask a lot of them since I am a curious person) and he has responded quickly even with the time difference... which to me is a great thing...
When I have asked questions on the room at EOTPRO as to what an indi does or what is it operating on or heck, if they are any documents explaining what each settings does.. the answer has been a brief "no" and then I am usually ignored... just my experience, I dont know what others might have experienced with EOT, but I rather not focus on it and instead discuss this new system.
minute charts, 5,15, 60... I dont personally trade off minute charts.. so I had not volume delta history that I could show, hence why not showing... I will create all the charts and keep them running gathering the data.