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[ReQ] MTP 7.5 ninja addon


pikachu

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Request is vague. mtp 7.5 is standalone version while current ninja addon is 4.08, while post#2 is 3.56, there is no educated version of 4.08 available. Beware setup repaints after failure so at the end of the day it will only show successful trades. My 2c

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Hi,

Thanks for this super forum!!!

 

I have evaluated the NT7 MTP3.56 for a few month and it takes time to get used to it.

The best part for me is the money management implementation. I use the Pitchfork

to get a road map and select only MTP signals which fall into Pitchfork trading method.

I only day-trade the EURUSD and avoid news announcement periods.

It is still early days before I consider buying.

 

As for repainting:

I DO NOT get any repainting in day-trading minute or range charts.

I have attached Fridays real time chart there were five false signals ( red arrow ).

I reloaded the data (FXCM) after market closed and signals are exactly the same.

 

http://s29.postimg.org/fp9dc3eyf/EURUSD_45_Range_12_12_2014_22_04_15.jpg

 

http://postimg.org/image/cv67yncs3/

 

best wishes

Edited by propolis
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Propolis

 

I have tried 3.59 version and can say for sure cause I lost real money on it, it repainted two short signals for that day, what I mean repainting is signal appeared for short but when stop hit before profit target, signal disappeared and at the end of the day there was no short signal, so I stopped using it. Repainting is fairly common in most systems such as jaytrend, iscalper come to my mind.

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  • 2 months later...

Most misunderstand and misuse MTP and it does not re-paint. The software is average to below average when it comes to trading signals, but uses the two other important legs of the trading chair, Money Management and proper Risk/Reward. So use these in MTP then add another more accurate trading entry method.

You can always listen to Jane, she is a trader.

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