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Updated November 5, 2011
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November 2nd, 2011, 05:11 PM
Rechovot
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288
kman
would someone tell me what is wrong with my settings?
I do not know what setting you are looking for, but this is the settings I used to use.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
November 4th, 2011, 06:40 AM
victor ny
Experience: Intermediate
Platform: Ninja Trader
Broker: RCG/Zen-Fire
Trading: eur; cl
Posts: 301 since Nov 2009
Thanks Given: 595
Thanks Received: 106
Perry I have a question. Hopefully I can be clear.
Ive been getting killed on stops and noticed that my entries are usually a little late. The 4 range moves very fast so by the time I get a signal and I get in, its late to the game.
Do you anticipate and put orders in ahead of time and if so what do you use to anticipate?
November 4th, 2011, 06:48 AM
Rechovot
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288
kman
Perry I have a question. Hopefully I can be clear.
Ive been getting killed on stops and noticed that my entries are usually a little late. The 4
range moves very fast so by the time I get a signal and I get in, its late to the game.
Do you anticipate and put orders in ahead of time and if so what do you use to anticipate?
I never put order ahead of time.
Why dont you go to the new thread Perry's Trading Method - Elite Members
Go over the webinar, a lot of things will be clearer to you
November 4th, 2011, 02:56 PM
mountain view, ca
Experience: Intermediate
Platform: multicharts, NT
Trading: 6E
Posts: 17 since Sep 2011
Thanks Given: 26
Thanks Received: 3
rpm123
This question has been asked and unanswered many times. I reluctantly put myself up as a straw man to draw out some direct commentary on trader's experience, and offer mine. But first kudo's to Perry, his system, and his unwavering patience in sharing, supporting, and following up each and every question and request for support.
Pro's
-Some folks have reported the ability to hit 80 to 90% entry efficiency. But don't confuse that with 80 to 90% profitability.
-Perry's system has enabled me and many others to 'see'
price action better using his combination of moving averages.
-The
basis paradigm is solid, the visuals great, and Perry's trading advice invaluable.
Con's
-There is more discretion involved that meets the eye. Several people have attempted automating the very straightforward mechanized ruleset, but have not been able to return a profitable strategy. More of the discretionary features are being identified daily. Maybe the BOT contest will draw out a few strategies.
-Without good
money management 90% entry efficiency does not equate to 90% profitability, even when going for small targets as advised.
-Alot of the tweaking of indicators has detracted from the basic paradigm and ability to see the price action on the chart.
I am not profitable overall with the system, but much of that are my own personal foibles regarding following rules and taking losses. But I remain encouraged and continue to work with one of the most promising discretionary systems I have seen.
Can fellow traders please chime in too, with whether they are profitable or not, using this system?
PS @
MrBean Go thru the webinar and thread. It will affect your trading positively overall.
I agree with RPM. I am not profitable yet either. Hoping to get there with more practice, experience and exercising the right discretion... Going for small profits requires entries (AND exits for that matter) to be spot on and mine are not... By the time I see the price action in my favor and enter a trade, a few ticks go by ...and more often than not, stop loss kicks in...
November 4th, 2011, 07:42 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,618 since Jun 2009
Thanks Given: 33,331
Thanks Received: 101,938
perryg
Why dont you go to the new thread
@perryg , if it is OK with you, I think this thread should be Closed and the final post just contain a link to the new thread.
Let me know.
Mike
November 5th, 2011, 12:56 AM
Rechovot
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288
Big Mike
@
perryg , if it is OK with you, I think this thread should be Closed and the final post just contain a link to the new thread.
Let me know.
Mike
Mike,
I fully agree with you.
November 5th, 2011, 01:07 AM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,618 since Jun 2009
Thanks Given: 33,331
Thanks Received: 101,938
Moderator Notice
This thread is now closed. There is a newer thread that is active and that goes into detail about Perry's method, use it instead.
Mike
Last Updated on November 5, 2011