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Thanks for your help but I already have a few C# programmers interested so I will let them work on it and then post the code here for everyone to download for free (nope, you won't even have to join any club to get it ;-) ).
You will need to download a free version of MultiCharts to see it or some other platform that will load PowerLanguage .NT file in .pln format though.
As for using it on other markets, nope, no interested, I have done this research a long time ago and most specifically recently using Micro Futures.
I'm a black sheep so I don't think like everyone else. I'm so far the only one who thought about this way of thinking here and that just blows my mind (maybe I really am a moron who knows). I then confirmed with another conversation with my broker that I was right all along.
You see to make as much $ as possible in the stock market, you need to look at 2 things:
1- How much that trading instrument cost you to get in and trade with it
2- How many pts or more specifically "ticks" you need to do to double your investment.
For example, let's say that you buy 1 share of a stock that cost $25 and you pick the Long direction and you are right and the stock goes up 50 ticks in your favor. What you have done is this:
1- Initial investment cost: $25
2- Profit: 50 ticks at 1 cent per tick = $0.50
3- ROI: 0.02 or 2%
Now let's move on to Micro Futures more specifically the Micro Russell 2000 (M2K).
1- Initial investment cost: $25
2- Profit: 50 ticks at 50 cents per tick = $25
3- ROI: 100%
This is the basic chart...
This one is the more detailed version...
As you can see, the M2K is the best trading instrument to make the 100% ROI the fastest way possible.
With Stocks, it can take you months to make those 2,500 ticks at 1 penny per tick to make that 100% ROI and make that $25 profit to buy a 2nd share of that $25 Stock.
With Forex, as discussed on Part 1, even if you make 26.5 pips daily, you will still need 5 winning days in a row to make JUST ONE doubling. Talk about wasting time here.
But with Futures (more specifically the Micro Russell 2000) if you make 5 pts...TODAY... you will make a 100% ROI... TODAY!!!
So to answer your question, NO, nothing else than the M2K and the RTY matters to me right now.
Can you help answer these questions from other members on NexusFi?
Hi guys, been a member of Big Mike's forum since 2013 but didn't post anything back then. That's about to change today because I am leaving my present broker (TradeStation) and moving to a new Futures broker (AMP Futures) trading Micro eMini …
However, no need to get passed page 1, it's just the same old same old bitching from negative people saying "I'm a loser, this won't work, I will fail, I'm just a kid who don't know shit, etc", you know...the standard tape that people throw at people with new ideas.
Thanks for the reply. I trade the ES and have a daily goal of 4 ticks ($50). Once I achieve a certain $ amount, I increase the contract size to 2, then rinse repeat. I am always looking for something to further increase my odds of success, although I know that we can NEVER completely remove the risk, because we don't know the reasons why people are buying or selling at any particular time. I look forward to knowing the parameters of your indicators and see if I can incorporate that into my trading system. I wish you the best and I truly hope you are successful!!
Cudos for posting your new idea about trading. Do not get discouraged by any negative comments or posts. Stick to your original plan wherein you indicated after you had the programming for your indicators completed, you would post to this forum for all to use. It is refreshing to see a level of enthusiasm that you have for your idea.
In my opinion, it is a mark of an educated mind to be able to entertain a thought without accepting it. I say never be afraid to try something new. Remember, amateurs built the ark and professionals built the titanic.
If Elon Musk or Steve Jobs or any number of the numerous innovators gave up after someone told them their idea would not work, we would not have the tremendous advances in technology and products that we all use and enjoy today.
If I were a programmer, I would be more than willing to help.
For those who thought that I was going to crawl in the corner and roll into ball and cry...
HAHAHAHA SOOOOOOORRRRRRYYYYYYY NOT ME...
But I'm sure the shit storm is not over yet. The first backtest usually lead to disappointing results.
For example, take a look at this screenshot that I posted earlier...
Yes my indicator showed us the trend and yes it showed us this small area below the darkest cloud where a pullback occurred but if we enter on all those pivot points, we will get CLEANED so at first the results will come negative and now they will all jump in and tell me...
SEEEEEEE....WE TOLD YOU SO.
What only a few here figured out is how good this indicator is to remove us the majority of all the areas in a chart where we can take trading decision because the more decisions you will have to make, the more errors you will make.
So everyone helping out now by PM or email will have to team up and work together because the job is not done yet. We're not out of the woods yet.
Looks like a short term and longer term Flex Renko Heiken Ashi simple (or exponential, doesn't matter much) moving average overlaid on a non-Renko (i.e. Range, volume etc) chart with a signal after the overlaid MA changes direction with the price action on the opposite side of the MA from the direction one would want. Major problem is rewriting, since the MA probably won't draw an advantageous entry until well after the event but 15-minutes + later it shows as a "hurricane". I use something similar but don't toot my horn about it.
If the system were that powerful, one wouldn't need 10-weeks to clock a million if one started with . . .
Not really because those Heikin Ashi bars are always lagging, my indicator doesn't because it's based on PRICE movement. If the threshold needed to change the color of the clouds is met, the clouds change colors at the exact TICK the price reaches that level, not 5, 9, 20, 50, 100 or 200 bars later.
Hey, I never said I found THE HOLY GRAIL here. In part 1 I said that the MM Technique is just 1% of the climb to the Million and the Trading System is the other 99%.
This 2 clouds indicator is just that, an indicator, maybe one of the best I've seen in years and trust me I've seen my share of those on the TradeStation Forum but still, nobody I know of got rich with just an indicator.
This "Trading System" thread is mostly to find traders like me who like to work as a team and work OPENLY not just behind doors like little "Secret Societies". I never been a big fan of "Boy Clubs" anyway.
Those who see the potential of this indicator will jump in, most won't.