I do have a labelling option in ninjatrader that I'm still modifying, but the original works well in the majority of turns. It was written by a much more gifted programmer than myself. It'd be against my nature to give out someone else's work, so I'm afraid I can't share it in public. I believe it has been shared with some individuals, so my guess is that if you reach/ask the right guy, he'll give it to you. Remember to change the multiplier from 50 to 72 before plotting the Histogram (in the free NT whisky version), if you want your charts to more closely resemble Proflogic's. JW
Greetings Logic Traders, I'd like to discuss confirmation, a topic I've not yet seen covered in this thread. Its great to see many people using/beginning to use the method, but I'm afraid those that have only the knowlegde from this forum are missing a great deal. Yes, the ERG study, Vol Charts, Histogram and Labeling program are all great "tools" to help visualize the trend. I have been attempting to find a better solution to confirmation of Primes Top/Bottom. Currently, I've found that the ERG itself does indeed provide this confirmation, however, as all studies do, it lags far behind. Looking at the sequence of bars that provide PF's, I find that to be too subjective, and would much rather find a "study" or other variant that may be used "Objectivley". I have not been able to use the Histogram sucessfully for this endeavor; have any of you? If you've worked with this method long enough, you'll notice what I'm getting at. Respectfully, El Guapo
All TA is subjective, regardless of the claims. if TA was objective, it could be programed, quantified and basically used to corner a market, given enough capital. surf
It has been programmed . . . I'm using it now . . . if you could have dealt with the smoke a bit longer on Saturday I would have worked out a way you could have verified that for yourself. If you can suffer some fresh air this Spring you can watch the program in real time make real time calls and make real time money.
Interesting claim! Look, a 50DMA crossing a 200DMA is Objective and CAN be programmed (has been 100k of times). Does it work? Always! Because it is objective and no interpretation by a user is required. Does it make money? Yes, sometimes, but sometimes it loses money. You need to be able to "filter" the good Cross Overs from the bad. Its the filter that is subjective, and nearly impossible to program (many have tried I'm sure), but the Cross Over itself is Objective as as Black and White.
All systems and methods are restrained by market liquidity. No method or system can profitably become bigger than the market. You can't make a billion per minute in the SP simply because there isn't enough volume to generate that much money. You could however try to make a billion per year since there is enough volume. If you become big enough, for your timeframe, you become the target instead of the predator. Smaller traders have a much bigger advantage than they realize at first: The advantage of liquidity. JW
As I take a few deep breaths . . . This thread started in November and this is now February. These indicators, along with the labeling, were posted in December and January, where someone could begin to load the information and start the learning process. That means under IDEAL circumstances one would have had about 60 to 90 days to absorb what they were seeing on their screen, ask direct questions regarding the process and THEN put it together to allow the consistencies in the charting to build their confidences as to what they were seeing play out in real time. The Problem - most everyone in this thread has PM'd me, asked questions in the thread or emailed me with questions as to get a better understanding of the process. I can't remember a single question, other than this one, from you. This one is great but understand something, 60 to 90 days of blind learning isn't going to answer a single question for you. Confirmation of a Prime Trending Oscillations comes from the creation of Prime Trading Oscillations the same way High Tide and Low Tide POINTS (Prime Trending Osillations) are confirmed by the individual waves (Prime Trading Osillations)that create them. The ERG verifies oscillations HAVE BEEN created. The ERG verifies that Prime Trading and Prime Trending oscillations HAVE BEEN created. Yes, the ERG lags and that is fine because we use them to tell us the AREAS a trade is setting up and to tell us a POINT to execute a trade is BEGINNING to BE CREATED. The Histogram is about as clean of an indicator as you can get because it is simply the momentum portion of the ERG. The PF sequence is the absolute most objective way to execute a trade that can be created because it relies on bars to trigger trades and not a inconsistent human generated "study". This is why the program I use works PERFECTLY! For a program to work consistently it has to be objective and for it to be objective it has to be built logically so it can be programmed. 1. IF - A Prime Trading Oscillation on your Trading Decision Chart creates a PPF (LH or HL) where the last sequential target Prime Trading Oscillation is a Prime Trading Breach (HH or LL) 2. AND THEN - The Histogram on your trading chart Oscillates (changes color) in Prime toward the Prime Trading Breach Oscillation on the Trading Decision Chart (for the strongest trade) or at least positive to the zero line for a strong trade. 3. AND THEN - The ERG on your Entry chart Oscillates (changing color) toward the Prime Trading Breach Oscillation on the Trading Decision Chart . 4. AND THEN FINALLY - The PF sequence, triggering the trade toward the Prime Trading Breach Oscillation on the Trading Decision Chart. El Guapo, direct your question to Vienna if you want an answer other than mine. He has been working with my stuff for a few years.
You can't have logical inconsistencies in a program . . . that works. The term "BUGS" are logical inconsistencies or what I call illogical statements in programming. You either have logical statements or you have illogical statements. Statistics aren't based in logic.
El Guapo, First I wish to thank you for starting this thread. Second a qualifier. I have only been observing this method for 2 months now, not trading it, as Bill suggested. In the beginning I felt extremely frustrated and confused. This was me trying to force my "baggage" concepts to this method. I am now seeing things differently and have much more confidence in Bill's method. I will begin trading soon. I understand this post will reach many new as well as veteran traders so I don't wish to insult anyone with a simplicity that might be apparent. As I have said, this method is simple, but not easy. I would suggest to anyone first display the 4 or 5 fractal square charts on 1 or 2 monitors, whatever you have. Remove the histogram at first until you can see the the inter-relationship between all of the ERGs (cycles) and how they play out. This is the very important IMO. Then after a week or 2, no less, add the histogram. You will begin to see the Prime resistance and support tops in a new light. This will be the confirmation you are looking for. The labeling program is important. After this you may experience several epiphanies relating to entries, exits, setups on slower fractals and more. I hope this helps for again, I am sincerely grateful for you starting this thread.