Many years ago I purchased a few of the Paint bar Factory indicators and used them on Tradestation. I no longer use Tradestation. Subsequent to my purchase I became more "experienced" and found that I could find almost any indicator I could possibly dream of for free.......or if I had an idea for an indicator I could hire a programmer to make the indicator for me.
For the template I posted I just looked at the PBF website and matched what I saw....that's all.
The following 3 users say Thank You to Jeff Castille for this post:
To trade off on the Squeeze indicator what are the entry and exits methods. I see on their site it mentions 377T 510T 987 T charts. Yesterday on 233 T 1 point scalp was able to get 5 winning trades in a row. Today hasnt been working well. Any suggestions on some rules to trade it better ?
In my opinion, the real Holy Grail is knowing the statistical edge of your setup and then using money management to keep your risk/losers small and your winners larger. If you don't know the probabilities of your trading setup, then there is no point in trading. Believe me, I've worked hard to find all sorts of beautiful and complicated looking indicators that have no quantifiable edge. In the end, these were nothing but time sucks, or at best, experiences in learning what not to do. Ultimately it is pure price action in conjunction with key support and resistance levels that will make you profitable if anything will. And the only way to get that knowledge is lots and lots of screen time and practice. Hope this helps...
The following 5 users say Thank You to drlicks for this post:
Here is my take on the Paintbar Factory stuff in Ninja 7. The squeeze is in countertrend mode.......the moving average cross is a 49/89 EMA the "Itunnel" is a 10 SMA set to high/low and the signals (yellow dots) are generated by JeffsDots set to HMA 14.
This is not a set up that I use..........I just built the template for fun.
The following 12 users say Thank You to Jeff Castille for this post:
Jeff - Thank you so much! Sincerely appreciated! I actually purchased 2 copies of the PBF system for 3 grand this past summer while still a novice trader not knowing a thing and running across PBF's page I thought I had found the Holy Grail. Man was I a sucker considering If I had only found this forum first I could've used all that money to actually trade.
Anyhow, since I dished out so much money on the system, I actually have been using it to build my own system around it and now trying to develop an automated trading strategy (but I need this free set without restrictions to do that) as all the PBF indicators are locked up.
*** Would you happen to know of anything like the Overbought Oversold indicator that PBF sells? Thanks again for your response!
The following user says Thank You to mercuryfx for this post: