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I created a scalping indicator for people that were unsuccessful using the Sniper Scalping System. I just uploaded it into the NinjaTrader 7 uploads section, search for "Scalpel Signal". PM me if you need help with the settings or want ideas on possible setups.
Please send me a Private Message if you have any questions about BTTFT services
When I created the source file for the upload, I took out the V2 in the name - it's identical to what I have. That is to say, it's the same parameters and output and source code. It's the same tool/code/parameters.
Thanks for downloading it! PM me if you need help setting it up / installing it.
UPDATE: Ok, sorry - I see the problem now. The programmer left out the EMA trend filter from the version I had for the screenshot.
I'll upload a new second version with the trend filter in the next week or so with the trend filter, titled SCALPEL_TREND_FILTER. Sorry about the mixup - it wasn't intentional.
Please send me a Private Message if you have any questions about BTTFT services
sorry but what a joke "in the nxt week or 2" how bout editing your initial post to reflect what you were offering? Seems you edited after someone ME saw not the same indi?
Hmm does not quantify utilizing your promo for further use! But THANKS!
Again, thanks for catching the discrepancy. The new tool with the filter will be uploaded. I'd love to say I could fix it in a few hours, but I rely on my team's programmer to make those changes for me. I'm sorry I couldn't make the change faster, but start with what I've uploaded for now. Please also visit the OSCILLATOR INPUT upload as well.
Please send me a Private Message if you have any questions about BTTFT services
Hello sir, and thanks for the mention. I'd never advocate an up-down-up-down arrow-to-arrow method. There isn't a single member of this community who would ever advocate that, actually.
When using any tool - there are several steps that are nearly universally followed for success.
First - how will the tool be used? At S/R levels? In a mean reversion system? In a trend system?
What market will it be used on? Which market is the trader most comfortable following/in tune with?
What are the trader's risk tolerances? What size account is being used?
Does the trader feel comfortable holding trades longer? Or do they wish to scalp the market - get in and out fast?
Then the process of building a personalized trading plan - often times receiving the feedback from a personalized trading journal comes into play.
The trade plan revolves around the entry / exit / break even / profit strategy that the trader has identified, through backtesting a minimum of 200-300 signals (so as to achieve an acceptable margin of error) . It may sound like the following (just a hypothetical, not saying it applies specifically to the chart you uploaded).
Entry Rules:
All signals in the direction of the 120 period EMA.
Enter at market at close of signal candle
Stop = 1.5 ATR values below entry
Target = 2.5 values of initial risk or opposite colored signal
or
Entry Rules:
10 period Keltner Channel, 2 standard deviations setting
Whole Candle Close above or below the deviation line
Stop 1.5 ATR Values above or below entry
Target 1 = 4 ticks
Target 2 = 2.5 values of initial risk or midline of Keltner Channel
Target 3 = opposite side band Breakeven = 10 ticks move stop to plus 1
Your chart and comments seem to suggest I was promoting a "trade every arrow you see" approach. I don't believe I ever endorsed that strategy....I simply uploaded a tool to the community, but am thankful for your comments. If you want help setting this indicator on your charts, and going through the process of identifying how you might use it inside the constraints of a rules based personalized strategy, I'm happy to help.
Please try to word your replies/responses in a manner that is free from cynicism and disdain. This community exists for the edification of its members.
Thanks again for the reply.
Please send me a Private Message if you have any questions about BTTFT services