NinjaTrader RT data into MTPredictor v6.5

And YES, we are doing the same with NinjaTrader, where NinjaTrader users can use their Ninja RT data as a RT data source in the full MTPredictor v6.5.

Again we hope to start Beta testing of this later this week....

This is brilliant news for all you NinjaTrader users out there :-)

Thanks, Steve

TS8 RT data into MTPredictor v6.5

As you have seen in my posts today, it is a real advantage to be able to use the Full MTPredictor v6.5 over just the RT add-ons (that is why the RT add-ons are much cheaper than the full v6.5 version), so wouldn’t it be nice to be able to use your TS8 data in the full MTPredictor v6.5.....

Well, we have been working very hard on this over the last month or so, and we are now at the stage where we are starting some “in house” testing. If this goes well, then we should start full Beta testing later this week.

This is brilliant news for all you TradeStation users out there :-)

Thanks, Steve

Now for the Advanced Traders

What amazed me on Friday was how the rally off the DP low unfolded in such a perfect Elliott Wave pattern. Notice how we had an ABC correction, which was then followed by a 5-wave rally into the high. The Elliott Wave module in MTPredictor v6.5 automatically identified both of these patterns for you.

This allowed the Advanced Trader to come out nearer the high for a nice +3.3R Profit (ignoring slippage and commission)

Thanks, Steve

DP buy nails the low of the day !

As you can see from the chart, we got a DP buy, that nailed the low of the day for us ! so this was a good one to consider as it was also at 15min DP support (last post).

Notice how this long was not stopped out, so there was only one trade here, even though we had a history triangle (remember, these are “filled” and not “failed” trades) and a full DP Label.

The ES rallied for the rest of the day to reach the DP target, where the STF exceeded its strength band, so the Standard Traders swap to the ATRStop. The end result was a very nice +2.5R Profit (ignoring slippage and commission).

Thanks, Steve

Start with the larger degree trend

Hi Everybody,

As usual we start with the larger degree tend, and on the 15min ES on Friday the DP started to give su[port at the low of the day. This set the larger degree trend to be UP, so on the shorter term (3 and 5min) charts we should have been looking for buy setups

So let’s move to the 3min ES and see what unfolded.......

Thanks, Steve

Massive +22R Profit on the 3min DAX

Hi Everybody,

What a day for the European Traders among you............

As you can see, the 3min DAX gave us a DP sell that nailed the high of the day for you ! But that is not the amazing bit, the Dax then collapsed from there. The STF was string so Standard Traders swapped to the ATRStop. This held you short as the fall continued........

The only thing I would say, is once you get wide range bars down (on high volume) “and” you are sitting on such a massive Profit (+22R) then the sensible course of action is to look to lock this in. As you can see, this was then stopped our for a massive +22R Profit (ignoring slippage and commission) !!

Yes such massive trades like this do occur, and yes MTPredictor does catch them........... the question is, did you :-)

Steve

Set the larger degree trend

Hi Everybody,

OK, let’s start with the larger degree trend on the 15min ES yesterday. As you can see, the 15min ES made a low right at WPT support. This was a similar situation to a few days ago, where we had reached a Wave 3 target, so while I do not suggest trading “against” a Wave 3 on that time frame, on the “shorter time frame” a counter trend swing usually unfolds, and that is what we look to catch on the shorter, 3 and 5min Charts.

OK, so now we have established that the 15min trade was up off this WPT support zone, let move down to the 3min ES Chart

Thanks

Steve