JTMAI ES Scalper V1.1 no indicators

[⭐ osijek1289]

Wow, nice catch @thaomoua. FWIW, I've found similar stuff on my system - my ISP actually alerted me to one of my PCs being a Botnet Drone. We all know a commercial software provider would never place anything into temp folder, Do you know what it's trying to upload? You might be able to to see what it's transferring or accessing via procmon.exe. Don't want to point any fingers, but it sounds like an 'add-on' as a result of the crack.

 

I don't use OFA as it's too complicated to run alongside NT7, and to me is nothing but glorified volume footprint charts, that tries to simplify the market, a la someone trying to trade with arrows from an indicator: and, the market is anything but simple.

[thaomoua]

I tried to capture the file it was trying to upload but my firewall app (bitdefender) truncated the full file path. All I got was the start and end of the file path but when I quickly went there the file was gone. Sneaking little devil to create the file, upload into memory to send, then quickly delete the file.

 

As much as I would like to see what it is trying to send, not worth the effort so I just delete the DLL.

[JDubbs]

I tried to capture the file it was trying to upload but my firewall app (bitdefender) truncated the full file path. All I got was the start and end of the file path but when I quickly went there the file was gone. Sneaking little devil to create the file, upload into memory to send, then quickly delete the file.

 

As much as I would like to see what it is trying to send, not worth the effort so I just delete the DLL.

 

Assuming it didn't create a file elsewhere in say your system32 folder that self replicates....

[user33]

Yes they do OFA do connect to external sites to try to verify A.You paid for it B.They try to download some numbers for S&R levels.

This was all discussed in the old OFA thread I believe, we went through the code yes they had unprotected source code lol

And OFA the software is not very good at all it does nothing special that other volume order flow tools do.

But they used the tool to sell the expensive training/mentoring.

 

In your experience, which is the best volume order flow indicator for NT?

Edited August 16, 2013 by user33

[user33]

Its not the indicator itself its either how you read it what you do with it or how you code it what logic you use to trade it.

You can show volume bid/ask/tick in 1000 different ways, which is best? This is up to you.

All the volume indicators simply show information, even OFA its just showing the same info as the others in a different plot way, and they sell you the methods to use it to read it.

Something changed years ago with futures volume from the CME it was being written all over the place on sites that it changed and it made it harder to actually use the information.

 

I did not mean use flow information as indicator, I meant the NT plugin, which is the same thing, but Ninjatrader company calls plugins "indicators".

 

My question was, which particular plugin (for footprint charts, aka order flow information), is the best in your experience, since you commented that OFA "is not very good". That's all, a simple question, no need to make it more complicated than that, and no need to explain how other people should use their indicators in their style of trading.

[tarar1818]

.................. Edited March 13, 2014 by tarar1818

[tarar1818]

.................. Edited March 13, 2014 by tarar1818

[Wanderer]

and on that note I AM DONE

Thanks everyone for the support and have a great trading day, that was my last post of the subject.

Jane

 

Gratitude, there is a profound lack of it these days. No one is grateful for what they're given. You give them a gift... then they demand to see the receipt.

 

I am grateful for your generosity.

[Guest FloridaTrader]

i think the problem here is there is 3 people in this forums

 

*Indicator Collectors Mad collector

*Holygryl finders

*traders

 

in the next months i will probe alof of material posted here in this forum can give alof money if you know how use it correctly

 

Lost me... you will probe this forum for? A lot of money for what? Thanks for your postings on this forum, they look good!

 

Have a great weekend :)

Edited August 16, 2013 by FloridaTrader

[Traderbeauty]

Hello all traders.

I got a huge amount of pms and emails and posts asking me to continue posting ( many offered to pay me and I am honored by that ) and decided to continue doing so, I dont want to let one rotten apple ruin the entire batch.

Trader34- if you dont have something positive to say then dont say it just go and post somewhere else.

I dont have time now for the whole picture , got to go somewhere but will do that later today.

Before I go I just want to explain why this method is so good and guaranteed to succeed no matter what, when and on any market.

 

As you all know markets are going up or down, this can be done in 2 ways- one is a straight move which happens but usually an up or down move is consisted of series of zigzags which if we can identify we can take advantage and go in with almost no risk.

I was thinking over and over how to portray this subject without complicating so it can be traded by anyone without thinking ; just plain hard rules.

That is not easy because I actually watch almost every leg small or big and try to discern why is the market turning from here, once I know why- then i know where it should go.

A simple example is- if we have a big leg ( lets say 15 points of an up move ) and i see on the big picture ( renko 7-1 ) that it reacted and STARTED to reverse exactly at 1.272 fib extension then I KNOW that it will go down most likely to 0.618 retracement at least which is almost 6 points. This is a valuable info that allows me to enter with hardly any risk and with the knowledge of an EXACT MAP.

You can use this method on any time frame BUT... when you go to 60 or 240 minutes the levels are getting blurred and its very hard to decide in real time where a leg ends and what is the direction.

Your stops will be much bigger but as i said it can be done, just know that you gonna pay dearly for a mistake.

WE can do that on a 1 tick renko but the market is not always clear and straight so I DO NOT recommend it although your stops will be smaller.

Remember- the smaller your time frame - the smaller your stops are going to be and you will also have more trades which translates to more action and more profits.

After a lot of research I decided to use the 2 tick renko.Its not that choppy but its the happy medium at least for me.

Basically I did not invent anything, any trading book will tell you buy on an up stair step and viceversa.

The problem as with ANY system or indicator or method is that you have a lot of good trades but then you also have a huge amount of losers that if you take them you end either breakeven or at a loss.

I created this method filtration in a LEADING way and not by using lagging indicators.

If you follow the simple rules that i will explain later today :

YOU SHOULD HAVE AT LEAST 90% SUCCESS ( ACTUALLY EVEN MORE).

Trading the ES is usually slow and relaxed unlike the CL, stops are normally 2 ticks or 3 the most. Sometimes its true what trader34 said about market that is going too fast to execute, but I even solved this problem and many times i trade through a report . If the market moves too fast and you cannot get a decent entry then just skip it and wait for it to slow down which always happens with the ES.

THE SECRET IS........( and you will not find it in any book or seminar or course )

USE A TICK CHART -preferred a fast one to look inside the renko. you can use a 70 or 144 or 244 and then go in ONLY after the market is CONSOLIDATING and creating a resistance or support on that tick chart.Once you see the direction, and you know WHERE you are going then look for these miniature entries and go in with 2 ticks stop or if you feel braver 3 but no more.

If you dont believe me just replay ANY day and see for yourself.

Trading is not easy its very hard, there are no magic indicators or systems that will make you money guaranteed and if you believe that you might as well get an appointment with Santa Claus also :).

Every trade is unique and needs thinking ,the market can turn direction on a dime without any reason, but as long as we can follow it then who cares why.

NEVER be 100% sure where the market is going- meaning- DO NOT try to force the market to do what YOU THINK - it will laugh in your face, just be humble and follow the market no matter what its whims are.You have no idea how many times I saw a PERFECT confluence for example long potential. EVEN yesterda big picture- the market was going down form a big 1.272 so I know that it SHOULD stop and go up at a 61.8 or 78.2 retracement.It broke the 61.8 like a knife so I said to myself- oh well- look at the 78 fib- it was a big 78, and also a symmetry AND a previous support, you cannot get better than that . Market got there- started to react and CONTINUED down laughing at my face.I only lost 2 ticks because i was very careful but this is a great example of WHAT I SAID BEFORE.

Will post later with final rules.

Take care and Thanks for all the support.

JANE.

[Gladiator858]

Welcome back Jane and look forward to your posts.

 

Hello all traders.

I got a huge amount of pms and emails and posts asking me to continue posting ( many offered to pay me and I am honored by that ) and decided to continue doing so, I dont want to let one rotten apple ruin the entire batch.

Trader34- if you dont have something positive to say then dont say it just go and post somewhere else.

I dont have time now for the whole picture , got to go somewhere but will do that later today.

Before I go I just want to explain why this method is so good and guaranteed to succeed no matter what, when and on any market.

 

As you all know markets are going up or down, this can be done in 2 ways- one is a straight move which happens but usually an up or down move is consisted of series of zigzags which if we can identify we can take advantage and go in with almost no risk.

I was thinking over and over how to portray this subject without complicating so it can be traded by anyone without thinking ; just plain hard rules.

That is not easy because I actually watch almost every leg small or big and try to discern why is the market turning from here, once I know why- then i know where it should go.

A simple example is- if we have a big leg ( lets say 15 points of an up move ) and i see on the big picture ( renko 7-1 ) that it reacted and STARTED to reverse exactly at 1.272 fib extension then I KNOW that it will go down most likely to 0.618 retracement at least which is almost 6 points. This is a valuable info that allows me to enter with hardly any risk and with the knowledge of an EXACT MAP.

You can use this method on any time frame BUT... when you go to 60 or 240 minutes the levels are getting blurred and its very hard to decide in real time where a leg ends and what is the direction.

Your stops will be much bigger but as i said it can be done, just know that you gonna pay dearly for a mistake.

WE can do that on a 1 tick renko but the market is not always clear and straight so I DO NOT recommend it although your stops will be smaller.

Remember- the smaller your time frame - the smaller your stops are going to be and you will also have more trades which translates to more action and more profits.

After a lot of research I decided to use the 2 tick renko.Its not that choppy but its the happy medium at least for me.

Basically I did not invent anything, any trading book will tell you buy on an up stair step and viceversa.

The problem as with ANY system or indicator or method is that you have a lot of good trades but then you also have a huge amount of losers that if you take them you end either breakeven or at a loss.

I created this method filtration in a LEADING way and not by using lagging indicators.

If you follow the simple rules that i will explain later today :

YOU SHOULD HAVE AT LEAST 90% SUCCESS ( ACTUALLY EVEN MORE).

Trading the ES is usually slow and relaxed unlike the CL, stops are normally 2 ticks or 3 the most. Sometimes its true what trader34 said about market that is going too fast to execute, but I even solved this problem and many times i trade through a report . If the market moves too fast and you cannot get a decent entry then just skip it and wait for it to slow down which always happens with the ES.

THE SECRET IS........( and you will not find it in any book or seminar or course )

USE A TICK CHART -preferred a fast one to look inside the renko. you can use a 70 or 144 or 244 and then go in ONLY after the market is CONSOLIDATING and creating a resistance or support on that tick chart.Once you see the direction, and you know WHERE you are going then look for these miniature entries and go in with 2 ticks stop or if you feel braver 3 but no more.

If you dont believe me just replay ANY day and see for yourself.

Trading is not easy its very hard, there are no magic indicators or systems that will make you money guaranteed and if you believe that you might as well get an appointment with Santa Claus also :).

Every trade is unique and needs thinking ,the market can turn direction on a dime without any reason, but as long as we can follow it then who cares why.

NEVER be 100% sure where the market is going- meaning- DO NOT try to force the market to do what YOU THINK - it will laugh in your face, just be humble and follow the market no matter what its whims are.You have no idea how many times I saw a PERFECT confluence for example long potential. EVEN yesterda big picture- the market was going down form a big 1.272 so I know that it SHOULD stop and go up at a 61.8 or 78.2 retracement.It broke the 61.8 like a knife so I said to myself- oh well- look at the 78 fib- it was a big 78, and also a symmetry AND a previous support, you cannot get better than that . Market got there- started to react and CONTINUED down laughing at my face.I only lost 2 ticks because i was very careful but this is a great example of WHAT I SAID BEFORE.

Will post later with final rules.

Take care and Thanks for all the support.

JANE.

[Traderbeauty]

As i said before every system or indicator has many signals, the trick and the way to make money safely is to filter the bad ones.

This is friday's trading:

http://imageshack.com/scaled/large/62/nnim.jpg

now lets talk about rules and then check to see if we filtered most of the bad entries.

1)- Always go with the direction of the legs.

2)- must have a delta between the 2 bottom/ tops of at least 1.272 fib ( use your F8 tool and please dont ask me how lol ). Again- this is crucial- if we dont have at least 1.272 distance DO NOT GO IN.

3)- unless the market is telling you and signaling that the direction has changed -KEEP GOING in the same direction, many times even with renko the market will not go straight but with smaller zigzags - that does not mean change of direction.

4)- The stronger the trend is - the smaller the retracements are going to be, so unless we are in an insane strong move with huge volume per minute ( 10k and more on the es ) DO NOT fall into a trap and wait for a nice retracement of at least few renko bars BEFORE you enter.I actually enter only when the market hits a fib level or a symmetry retracement but you really dont have to go there.

5)- if the legs are small - DO NOT TRADE- you will lose .

6)- This is advanced- go countertrend if you get a double bottom/ top and see what heppens with a tight stop- you never know it can take bring you many times many points.

 

So now lets check friday and go leg by leg.

1- actually i missed the entry before number 1 but it was before i woke up so i didnt include that- but you can clearly see that point zero and point 1 are basically the same- we broke all previous supports BY MORE THAN 2 ticks THIS IS VERY IMPORTANT. we had 3 and 4 bars retracement so we enter short when we get the renko signal.

 

2- same as 0 and 1

3- do nothing

3+ - i missed an arrow- the bottom between 3 and 4 around 9 40 am- as you can see - point 3 broke point 2 top by 2 ticks which is enough so once we get a buy signal at 9 40 we take it expecting a new high- actually we expect at least 1.272 fib extension- if we dont get it then something is wrong with the trend because this is our target nothing less :).

point 3++ its the top around 9 52- if you look carefully- we had one red bar which we do nothing and then a green ones- if you trade the system with no rules you would have taken that long and lose-but look at rules 4 and 5- WE NEED a nice retracement of at least few bars so we skip this trap DOING NOTHING till we hit point 4

4- going long- expecting a new high but getting only 1 point before it takes us out. then doing nothing.

5-we have a new low so we are expecting to go short which we did not get, instead we got a new high.

6- its a be or a small loser UNLESS you are more careful and wait for a bigger retracement which we got at point 8.

7- do nothing- these are very small legs- do nothing stay away.

8- going long- we did not break any previous low so its all clear to go up.

9- long again.

10- long again.

10+ and 10++ 2 very small legs- STAY OUT do not trade with legs that are 2 bars long. ( see above rules- i am not making it up as we go lol ).

11- we broke previous low by more than 1 tick so we take a short.

12 or 13 are losers- i would not take 12 because its too short but once we get 13 you should have taken that short -BUT- if you listen to rule 4 and 5 you would not take then they are too small, lets make it clear- if you took 12 and lost then stay out and do not take 13 because now we have very small legs.

14 we broke the previous high by more than a tick so we take the next long- ( not marked ) and we lose.

16 is clear as a whistle- go short.

17 is a very small loser- i actually shorted at 18 because it was an exactly 0.38 fib of the leg so i waited for that beore i shorted but i am trying to make it simple for you.

18- this is a tough one to explain- a little more advance- when we look back we see a strong move with a HUGE delta between the two bottoms, that means we have a strong trend. when we got to 18 we only broke 17 by ONE TICK only which is NOT A BREAK so we DO NOT have a new high meaning GO SHORT on 18 if you get the signal.

19- go short- no break of previous high.

20 - NO SHORT- and you will ask WHY NOT ? you should know by now- look at rule 2, then measure the distance between the 2 bottom and you will see that its 1 tick LESS than 1.272, i am not going to go deep why or how- but i just ask you to follow the rules meaning- no 1.272 - no short which kept us safe.

NOW- TRADER34- I DID NOT take all these trades but you can easily replay them on your ninja , will only take you few minutes and let me know if you EVER found a system so simple, so accurate, so easy to operate and with so little losers which are much smaller compared to the gain, if you did please let me know because i will drop everything i do and i will follow you.

To sum up- we had 10 winners and maybe 2 small losers in 6 hours.

Again if I see enough interest i will continue with more chapters and more variations.

DO NOT trade live unless you tested paper for few weeks.

Would love to hear about any improvements or ideas to make it better- ( please do not hesitate to correct or suggest ideas, its for my benefit also )

I forgot to mention- DO NOT go in the same direction more than 2-3 times UNLESS you have a large enough delta.

Would love to hear any suggestions for an early entry using any indicators that you can think about , please this is a mutual discussion for all of us.

Thanks for your support and PLEASE PLEASE- let me know what you think.

Jane

Edited August 18, 2013 by Traderbeauty

[traderforlife]

the last point that i can see on your chart is point 10. i know how to use the fib tool but i am not sure where to measure from--

[Traderbeauty]

here is the direct link

http://imageshack.com/i/1qnnimj

regarding fibs- if you are talking about a retracement its going to be 0.38 0.5 0.618 or 0.78 and you measure between the current top and the last bottom for an up move.

for a fib extension you measure between the previous top and the last bottom - extending the move 1.272 or 1.618 etc

hope it helps

jane

[minch]

********************** Edited November 30, 2013 by minch

[JDubbs]

new fib indi: http://structuraltrading.com/proprietary-indicators/

 

Looks like zig zag sam (bgmks)

[lbf4223]

While I enjoy anyone's enthusiasm for their trading method, I can tell that anyone something from my 10 yrs full-time futures trading experiences which is true, regardless of any entry / exit specifics.

 

This is the mathematical truth in trading:

 

There is ALWAYS a long term inverse relationship between your winning pct and the reward vs risk ratio (aka risk reward ratio, aka RR ratio) in a winning trading system (technical term is a trading system with a "positive expectancy"). The more often you win, the the lower your avg win / avg loss (RR ratio) will be. The less often you win, the higher the RR can expand.

 

Typical guidelines of long term expectations:

 

90% winning system will have the avg winner 1/3 the value of the avg loser.

80% winning system will have the avg winner 1/2 the value of the avg loser.

70% is about the top end winning pct for 1:1 RR ratios.

60% winning system will limit the upper end of the RR ratio to near 1.5:1

50% winning system will limit the upper end of the RR ratio to near 2:1.

30-50% winning system can give you 2:1 to 4:1 avg RR ratios.

 

This is over 1000's of trades. So, even a run of 100 to 200 trades can be misleading. You MUST include the scratched trades in your totals becuse you still took risk and all risk "counts".

 

Also, go all-in and all-out with your trades. If you don't then realize that you are trading multiple systems which just happen to have the same entry point, assuming that you're not adding contracts to the initial entry. So you've now introduced a new dynamic where one negative expectancy system can affect the overall profitability to turn the whole operation either negative or not worth the risk after brokerage fees.

 

Anyone can make a decent living trading just 1 CL contract. The volatility is your greatest ally. You can walk away from each day not being such an incredible "winner" (e.g., 60%+ winning pct) but your RR ratio can expand WAY BEYOND that which is offered on the ES, for example.

 

This is my only post on the subject. If the above doesn't sound right, I'm sorry, but it is. The number guidelines are good. And the people out there who are successful in trading know they are.

 

When you read forum posts about people's trading adventures, it's not a good sign when the person describing them speak as though what is going to happen next is "in the bag". When I'm in a trade, I have absolutely no clue what is going to happen next...and neither does anyone else. Such knowledge is not possible and I've already said what's going to eventually average out even if you're 90% sure of the next event significant to a positive outcome.

 

The above is actually positive news to aspiring traders. It's a recommendation to seek out higher volatility instruments, don't trouble yourself about winning so much and keep those losers small relative to the winners. That is positive advice from my trading experiences.

 

But also, heed this warning. Anyone who tells you they win anywhere close to 80-90% and has near equal avg win and loss amounts has either not traded a particular system long enough or is not telling the truth.

 

Trading is a freeing experience from the normal job routine. But if you're into this full-time with no luxury of false illusions because of a consistent paycheck coming from other sources, then I hope the above injection of reality finds the newer, serious trader's eye before it's too late.

[Traderbeauty]

Hi IBF

I am very impressed with your post.

I totally agree with you all along and i really appreciate your truthfulness and honesty.

But basically you say that my system is not good not because you tested and and tried it over many days , weeks and months but because I claim that its too good and too precise and its r/r is out of the "normal systems'" stats.

Of course- there could be a losing day or a streak of losing trades, it can always happen, you might even have a crazy day that many of the entries will run away from you.

Trading is not a game and its not gambling,I believe that every entry is starting with a clean slate and has its own risk and reward.

The reason why i posted my scalper ( which is actually much more than a plain scalper ) is to help many of the traders that are lost between all these wonderful magical indicators / systems etc.

My method is simple ,and let me be clear- YOU ONLY TRADE 1 CONTRACT- you do not add at all.

I have been trading for 14 years almost any ticker under the sky , tested almost any method and system there is ( within limits of course - talking about the common and available ones) and this method is the result of a lot of experience and thinking.

Reading your post it seems to me that you did not deal much with fib levels specifically applied to the ES ( its just an assumption so please- no pun intended :) ).

When you trade the ES and you see again and again and again every day and even through the night how it works with fibs you just get amazed .

Now- when i wrote in my post that we expect a new high and actually 1.272 extension on an upgoing market - I fully stand behind that-But i also keep my finger on the trigger expecting reversals that can happen all the time with no alerts ahead of time.Its like playing chess- The market is giving us info ( higher highs etc ) so we enter long,if the market FAILS to make a new high by at least 1.272 then it means that the chess player is fighting us and we have to change our move to a different one than the one we thought.

If you check each of the entries you will see that there were few losers- these happened BECAUSE i thought the market is going in one direction but it proved me wrong.

This method is a pure calculation and is based on the PURE NATURAL MOVES of the market on a very small time frame so its very clear and precise.

Again- all you have to do is just go back few days and replay and test it.

There are few more aspect of my trading that i did not have a chance to explain ( dont want to write a book here lol ). but i believe that what you already saw is the best system you ever saw in your life ( at least mine ).

The reason why its so good is actually split into two- first - its adapting itself to the market conditions, it will trade on a trend and fast moving market but it will keep you outside if the market is choppy or consolidating and it will do that with no delays like adx or other chop indicators like tradehtemarkets etc that by the time they alert you already lost a lot.

The other reason is that unlike lagging entries- this method will get you in very fast and early because it uses the actual PRICE to enter and not a 14 moving avg, allowing you to trade with small stops and achieving large gains.

Thanks again for your post.

Jane

Edited August 18, 2013 by Traderbeauty

[Traderbeauty]

IBF- on the same note- Please share your method of trading the CL, would love to follow it and use it on days when the es does not move.

Thanks

Jane

[yamantaka]

Looks like zig zag sam (bgmks)

 

@JDubbs, can you post this one. Having a tool that calc the swings saves mucho time when trying a method such as TB's.

[gonzo]

How i see the Market!!

 

This is ES Realtime only!!

 

http://imageshack.com/scaled/large/109/5l5.png

 

http://imageshack.com/scaled/large/39/gdg2.png

 

http://imageshack.com/scaled/large/823/dfoe.png

 

http://imageshack.com/scaled/large/855/kvfl.png

 

http://imageshack.com/scaled/large/94/5x16.png

 

and so one..!!!

[Traderbeauty]

Great post Gonzo

Thanks for sharing.

Jane

[longboat]

Jane,

 

Do you use the 70 tick chart more for entries or exits or both?

thanks!

Rob

[Traderbeauty]

Hi Rob

i use the 70 for entries, if i enter on a clear fib level and i know the direction i only exit at the fib extension, not before , unless it breaks one of the previous small support / resistance.

hope it helps

Jane

[Terry8875]

thanks for the info