ProfLogic's Method
- Thread starter El Guapo
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I have some questions on the PF series.
Referencing the chart from Insearch's post, I understand the illustrated white space requirement to identify the PF Bar(s).
What about the other end? For example, Support looking for a long entry:
Must
? PPF+1(High) > PPF(High)? e.g. ignore Inside Bars?
? PF(High) < PF-1(High) ? As we needed to see a rise in lows followed by a drop to the PF - do we need a matching rise in Highs? followed by a drop in highs?
? CB(High) > PF(High)?
Whatif?
Referencing the chart from Insearch's post, I understand the illustrated white space requirement to identify the PF Bar(s).
What about the other end? For example, Support looking for a long entry:
Must
? PPF+1(High) > PPF(High)? e.g. ignore Inside Bars?
? PF(High) < PF-1(High) ? As we needed to see a rise in lows followed by a drop to the PF - do we need a matching rise in Highs? followed by a drop in highs?
? CB(High) > PF(High)?
Whatif?
Quote from LostTrader:
I have some questions on the PF series.
Referencing the chart from Insearch's post, I understand the illustrated white space requirement to identify the PF Bar(s).
What about the other end? For example, Support looking for a long entry:
Must
? PPF+1(High) > PPF(High)? e.g. ignore Inside Bars?
? PF(High) < PF-1(High) ? As we needed to see a rise in lows followed by a drop to the PF - do we need a matching rise in Highs? followed by a drop in highs?
? CB(High) > PF(High)?
Whatif?
Maxey,
We will go over these in the morning on SKYPE.
How could someone fake trading live in front of you?
At any rate, I would be down for a screenshare event. Someone who trades this method share their screen so we can all watch, and talk (or at least type). It would all be in REAL TIME so it would be pretty cool.
I'd even be forgiving if the person sharing had a bad day or two. Not every trading system has 100% winning days, and Murphy's law says that the first time you let other people watch you you will lose money (just like the first day you start trading live will be a day whose price action doesn't jive with your system and you wil lose money, lol)
I'm pretty sure there's software online that will let you do that for free.
What do you guys say?
Just in case, anyone else was interested, the April 9th Whatif ? in my scribbled graphics A, B, and C are all yes. Which means Highs are not part of the PF Bar series confirmation requirement.Quote from LostTrader:
Whatif?
Thank you, ProfLogic. Your generosity & time are much appreciated!
I updated the ERG_PL indicator for Ninjatrader to correct a tracking error and add the Primary Trend logic.
This should do it for a while. Now it is time for a lot of screen time.
Happy Trading!
This should do it for a while. Now it is time for a lot of screen time.
Happy Trading!
Ok, I imported the new indicator. I see a label that says ERG_PL(trending),
does this mean the indicator thinks the market is trending?
Also, anything I can change in the settings not the code to play around?
Finally, someone mentioned a book of rules. Can I get a copy of that?
Finally, how many days back for the 16807 to get correct data?
does this mean the indicator thinks the market is trending?
Also, anything I can change in the settings not the code to play around?
Finally, someone mentioned a book of rules. Can I get a copy of that?
Finally, how many days back for the 16807 to get correct data?
Sounds like you need some experience with Ninjatrader. Open the indicator window, and select ERG_PL. There is one required input parameter -- you select Trending or Trading for the type of ERG to plot. (If you do not understand this, please search the forum and study the ProfLogic material already provided.)
There are several other parameters listed there which you can adjust to your heart's content.
The indicator is provided as-is. Feel free to modify it, just kindly share back with this community if you do so.
Good trading!
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