3min ES, Part 2

Here is the same setup, but this time using the tools that are in the MTP RT add-ons for NinjaTrader 7.

As you can see, the ABC low was automatically found using the new Elliott Wave module in Ninja 7. Then we use the DP (from the last high) for the “initial target”, and place the Risk/Reward analysis on the chart. And there you go, the same setup as we had in MTP v6.5......

As a PS, if you go down to the 2min chart, then it was found as a TS3 buy automatically on both MTP v6,5 and in Ninja 7.

Thanks Steve

PS, turn to the Advanced Blog for more Advanced Analysis

3min ES

Hi Everybody,

The example today shows how in MTPredictor v6.5, we show signals where the “entry bar” can unfold up to 5 bars “after” the turn (high or low). We do not do this in the MTP RT add-ons for NinjaTrader. So, yes, this is one of the few (less than 5%) of the times when you can get a different signal in MTP v6.5 when compared to the RT add-ons. It could have been found in the RT add-ons, and I will show you how in the next post.

But for now, this was a small Profit or +2.3R (ignoring slippage and commission) as the ES rallied into the first projected Profit target.

Thanks

Steve