JDizzle22

Let's take this logic a step further.....if you plot the LWMA bands it will plot the TMA non-repainted.....so, what could the develop have done to get rid of the repainting issue...it is a very very simple thing the developer could have done; create a private data series in the script that holds the data of the TMA and bands, which will only hold the value internally and not plot a misleading channel (none of your entries are based on how the band repainted in the past, only the "new" slope, so this is not an issue for trading) and then color the LWMA bands based on the slope of the private data series--repainting issue is now gone. The only reason someone sells something that repaints is to mislead.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

It's better to show an example of something you can do. I think the printing the numbers is the not a good way to go. The best way to go is coloring the plots--you could color the plots several different colors based on levels of slope (i.e. slope above X, color 1. slope above y, color 2), but here is an example of converting slope to angle and printing it on a chart: DrawTextFixed("SlopeToDegrees", "Degrees: "+Math.Atan(Slope(Plot0,slopeLookback,0)).ToString(), TextPosition.BottomRight);

Completely agree (the colors could be coded into the LWMA bands as non repainting, as described above--why would the vendor hide this....). The signals don't repaint, but there needs to be a way to filter them....ppl keep saying to use the band to filter the signals (whether its color and/or positioning), so if non repainting signals, why not non repainting filter. Maybe ppl need to ditch the band altogether and come up with a different filter for the signals.

Completely agree (the colors could be coded into the LWMA bands as non repainting, as described above--why would the vendor hide this....). The signals don't repaint, but there needs to be a way to filter them....ppl keep saying to use the band to filter the signals (whether its color and/or positioning), so if non repainting signals, why not non repainting filter. Maybe ppl need to ditch the band altogether and come up with a different filter for the signals.

Let's take this logic a step further.....if you plot the LWMA bands it will plot the TMA non-repainted.....so, what could the develop have done to get rid of the repainting issue...it is a very very simple thing the developer could have done; create a private data series in the script that holds the data of the TMA and bands, which will only hold the value internally and not plot a misleading channel (none of your entries are based on how the band repainted in the past, only the "new" slope, so this is not an issue for trading) and then color the LWMA bands based on the slope of the private data series--repainting issue is now gone. The only reason someone sells something that repaints is to mislead.

Let's take this logic a step further.....if you plot the LWMA bands it will plot the TMA non-repainted.....so, what could the develop have done to get rid of the repainting issue...it is a very very simple thing the developer could have done; create a private data series in the script that holds the data of the TMA and bands, which will only hold the value internally and not plot a misleading channel (none of your entries are based on how the band repainted in the past, only the "new" slope, so this is not an issue for trading) and then color the LWMA bands based on the slope of the private data series--repainting issue is now gone. The only reason someone sells something that repaints is to mislead.

Let's take this logic a step further.....if you plot the LWMA bands it will plot the TMA non-repainted.....so, what could the develop have done to get rid of the repainting issue...it is a very very simple thing the developer could have done; create a private data series in the script that holds the data of the TMA and bands, which will only hold the value internally and not plot a misleading channel (none of your entries are based on how the band repainted in the past, only the "new" slope, so this is not an issue for trading) and then color the LWMA bands based on the slope of the private data series--repainting issue is now gone. The only reason someone sells something that repaints is to mislead.

Beware is an understatement. 99% of his videos are recorded and edited while he's taking SIM trades. He's in the business of getting commissions from his affiliate deals--that's why he keeps telling you to use the links on his page.

Two trades today made 24 ticks, done for the day, but something I noticed is heavy repainting issue, first trade at 10:14 was barely touching lower band when I took it but after sometime it appears to be well below the lower band, second trade was perfect at 10:22, another repainting was short at 10:05. I swear i saw red band but was far below upper band but after sometime it appeared to be touching the upper band and in hindsight I should have taken it but in reality it was not a trade. Did somebody notice it
 
http://s22.postimg.org/5w339es8x/TF_12_14_9_i_Renko_12_3_2014.jpg
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I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

I could only make it through about 10 minutes on the first video.....he shows a big portion of the day and then says take trades when the close is near the top of the band or middle, but we are looking at a repainted band.....the next long setup he shows, there are three setups near each other, skips the first two and moves to the third which was a winner.......continue a few more minutes and he is talking you through trades on a repainted channel....a few more minutes in the video, we scroll past a lot of losers to more winners....now for the live trade, he starts recording once he is in profit and during the lunch hour which he just said not to trade and that's why he didn't talk about a bunch of losers....other videos I browsed and they were about the same. Point is, be weary of this review.

If it was that simple, all you would have to do is put an auto trader on and start printing money....there's a reason this is sold as a "discretionary" system....there's also a reason it repaints....most people are going to lose money trading this "system"....an inverse R:R will lead to most new traders losing their shirts--I think R:R/money management is one of the most talked about subjects in/by most trading books/gurus and still ppl trade with inverse R:R

Inverse R:R means you are taking more risk than your potential profit, so ones needs a very high win percentage to make a profit, especially when you take into account commission. The actual myth is a little more specific, you won't find a commercial system that has a positive R:R for the simple fact that the vast majority of commercial systems are losers, so by definition after they are traded their R:R is negative. Are you suggesting that you can't have bigger winners than losers? LOL, in real life people dont have a positive R:R because they are losing; you don't need to hit the jackpot to have a R:R above 1. I never suggested a R:R of 3, 4...etc. Pppl who win, generally, have a positive R:R of 1 or above--there is a select few among the select few who can make profit with less than a 1:1 R:R--so if the advice to people who aren't making money is to have a R:R that is less than one, then the 5% that is normally talked about who make it in trading has now been lowered and the bar is that much higher.
 
I like the point about margin--I became consistent, instead of just barely break even when I lowered my margin and stopped looking at $ and focused on ticks/points.

Inverse r/r means more risk and small profit you mean?. If yes than it is a myth to find a system where your risk is less than your profit. If there exist a system it would not be sold to public, we all have tried myriad of systems in these forums and we still look for one. In fact I will argue that even in real life its not possible to have positive r/r, yes sometime you can hit jackpot but how many times you can hit it, its like hitting home run in baseball but not many hit in a game.
 
I think taking small consistent profits with sound money management is the key to daytrading imo. I also realize most daytrder fail miserably because of lack of funds, taking more risk than you afford

Taka-san are you going to give it a shot? With your coding skills and resources,I am sure you'll be able to get it done before Christopher can.;)

I agree. There is no reason why this should repaint and I don't buy the explanation from Chris. If the important thing is to look to the current band for color, that's fine, but to effectively rewrite history is akin to lying. With the software in its current state, you'll never be able to get anything close to a decent backtest using historical (not realtime) data. I do beleive this can be converted to an auto trader with alot of hard rules to avoid the myriad of false signals.

If it was that simple, all you would have to do is put an auto trader on and start printing money....there's a reason this is sold as a "discretionary" system....there's also a reason it repaints....most people are going to lose money trading this "system"....an inverse R:R will lead to most new traders losing their shirts--I think R:R/money management is one of the most talked about subjects in/by most trading books/gurus and still ppl trade with inverse R:R

If it was that simple, all you would have to do is put an auto trader on and start printing money....there's a reason this is sold as a "discretionary" system....there's also a reason it repaints....most people are going to lose money trading this "system"....an inverse R:R will lead to most new traders losing their shirts--I think R:R/money management is one of the most talked about subjects in/by most trading books/gurus and still ppl trade with inverse R:R

Inverse R:R means you are taking more risk than your potential profit, so ones needs a very high win percentage to make a profit, especially when you take into account commission. The actual myth is a little more specific, you won't find a commercial system that has a positive R:R for the simple fact that the vast majority of commercial systems are losers, so by definition after they are traded their R:R is negative. Are you suggesting that you can't have bigger winners than losers? LOL, in real life people dont have a positive R:R because they are losing; you don't need to hit the jackpot to have a R:R above 1. I never suggested a R:R of 3, 4...etc. Pppl who win, generally, have a positive R:R of 1 or above--there is a select few among the select few who can make profit with less than a 1:1 R:R--so if the advice to people who aren't making money is to have a R:R that is less than one, then the 5% that is normally talked about who make it in trading has now been lowered and the bar is that much higher.
 
I like the point about margin--I became consistent, instead of just barely break even when I lowered my margin and stopped looking at $ and focused on ticks/points.