ProfLogic's Method

[pismo10]

Nice ES long at 9:49am around 813. I missed it tho....Even a second chance around 9:52 at 815.

 

[Tums]

see the third post on the first page of this thread.

 

[oraclewizard77]

Quote from 1a2b3cppp:

If there are no success stories I would at least like to see exact indicator settings posted as well as specific and consise (eg. no room for interpretation) entry and exit rules. Perhaps they have been posted already but I have not seen them.

Read the thread from the start and it will answer most of these questions. If you are too lazy to do this, then you should not even attempt to trade.

As others have stated, there is no holy grail. You need to come up with your own strategy to trade and try to incorporate some of the tools presented in the better ET threads.

Proflogic has been very nice to help others try to use his tool. But remember its a technical indicator only, you will need to spend years of study to possibly trade successfully.

 

[ProfLogic]

Quote from Jander:

Having trouble finding good entries after the histogram oscillation. The PF requirement either seems to get you in way too late, or doesnt appear at all at certain times and you miss the move. Also possible that I dont quite understand them fully, I have them marked in red arrows on the chart. All were profitable, so no complaints of course.

Also, on another note. My slower chart (16807) had a rising green histogram from around 10am to just before 2pm. Didnt seem prudent to be long, and not sure if this negates the short trades due to the rising hist. on slower chart?

Sorry I haven't been keeping up with the posts but I've been working on a new database and workspaces. 1000 workspaces takes a bit of time.

Jander, some opportunities will end up being profitable but you won;t take them because the set-up wasn't perfect. My feeling is, who cares. I'm only concerned that the ones I DO take are profitable.
Remember that all decisions are taken from a single chart. You can use a slower one to give you more confirmation of longer term strength and the histogram (at least) should be moving in the direction of your trade decision.

 

[ProfLogic]

Quote from 1a2b3cppp:

Prof am i correct in assuming that your method works on any fractcal of 7 constant volume bars?

So trades on a 2401 CVB chart would have the same rules as on a 16807, etc?

My method works inside any combination of fractional charts. I simple use "7"'s because they are consistent. Yes, rules are the same using any chart.

The CVS Bar charts improve almost any method as well.

 

[ProfLogic]

Quote from 1a2b3cppp:

Whoa I just read this whole thread and now i have a headache.

Alright.

What is the code for the green/black histogram? Is it just another ERG? What are the settings? I know the settings for the red/blue line.

Prof, are you using some sort of multiplier for the red/blue line? The reason I ask is because when I recreate your chart using a 343 constant volume chart, my ERG settings match yours exactly. However when I change this to another setting, like 16807 CVB, then the line barely ever exceeds +10/-10. Or is this correct? Can you please post a chart using 16807 CVB so I can compare?

Have specific entry/exit rules been posted? I did see Prof's long post of rules but it was hard to follow.

Someone could send you the code in this thread, I have the indicators that my programmers created for me but not the code itself. The Histogram is a combination of the "slope of the Ergodic" and the Ergodic itself from the next fastest fractional chart.

The multiplier for the faster charts is "7" to create the Prime Trading Oscillations. You can re-create it more accurately using two data streams in the same chart but some programs will not allow this. MultiCharts will.

The posted rules contained the specific entry and exit rules. Once you understand the environment they aren't hard to follow. If you get the charts created, call me ans I will walk you through the trades step-by step. Seeing them is a lot easier in real-time because that is how they have to be traded. The slower chart are more comfortable to read as well.

 

[ProfLogic]

Quote from pismo10:

Nice ES long at 9:49am around 813. I missed it tho....Even a second chance around 9:52 at 815.

Good Job!!

Nice longer term short on the 16807 @ 10:30 am EST.

 

[ProfLogic]

Quote from 1a2b3cppp:

If there are no success stories I would at least like to see exact indicator settings posted as well as specific and consise (eg. no room for interpretation) entry and exit rules. Perhaps they have been posted already but I have not seen them.

I have the exact indicator for MultiCharts and Tradestation. If you have either one of those, email me ans I will send you access. Once you have them loaded I will walk you through the objective signals so you can then watch them in real time.

 

[palinuro]

Quote from are71:

Can somebody please tell me what is wrong with this ergo chart and settings . I have been using Ensign program trying to duplicate same settings you have on ninja but my results are different . Ergo line seems correct but I dont have the same histogram and dont have the -10 +10 lines.

I posted about this earlier.

The Ninja formula needs to be multiplied by 3 to get the range.

This histogram should be set to the difference between the ergo line and the signal line (in the NT code these are called eco and average).

This might not be exactly Bill's Multicharts algo, but it's certainly close.

HTH

- palinuro

 

[ProfLogic]

Quote from Tums:

see the third post on the first page of this thread.

Thanks the the refresher . . .

People always want results yesterday.