Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Forgiven, my experience in the past with this has been fairly straightforward. And it applies equally to a program that was developed for free, and a program that was developed with encryption.
There are about 6 NT programmers that do that bulk of custom indicator development for the community of end users. With unlocked code, they can migrate the program for the customer to the new platform as a service (and do it all the time).
I'm in a similar situation now with an indicator from this site, the "Divergence Input Series" indicator. It's in the downloads section for 7, and not for 8. No one has any plans to develop it for 8, but I've recommended it to customers (who are using it) and have to pay to have it migrated (as open source) to NinjaTrader8. That was a free indicator. But the fact that those programmers can see the code - means they can migrate it over (even though it was a free tool).
The point is, make sure the tools you work with have that guarantee - that the vendors will unlock and distribute (doomsday) in the eventuality the company folds up their table. If they don't have an immediate well thought out response when asked, people should probably avoid that company IMO. Thanks for the thoughts on this though. It's a serious issue.
Please send me a Private Message if you have any questions about BTTFT services
Can you help answer these questions from other members on NexusFi?
you have to be kidding ( guarantees from a trading vendor ) lol lol he-ha . i will leave that question to folks reading this post, as to how much guarantees from trading vendors are worth.
I've uploaded a second indicator to the Futures IO community downloads section for people that wanted a better signal than the Sniper Scalping signal that was being sold for Ninjatrader7, in the Ninjatrader7 downloads section.
This is a tool that we were using internally for scalping, and gave to customers that were not doing well with the Sniper Scalping System as an alternative entry in their studies.
[ SIDE NOTE In the past, I've allowed what has become a pervasive and dark cynicism internal from time to time in BMT/Futures IO to drive my replies and responses to posts on Futures IO, and become distracted from what the community was supposed to be - a support network for people who were attempting to do what was possibly the most difficult thing they'd ever attempted in their lives. I won't engage in the darker conversations with anyone who does not share that vision in the future. As such, we are deploying multiple downloads using tools that we have built over the next few weeks to help accomplish the vision Mike has for this community ]
Setups using Scalpel in the Downloads Section
There are 3 possible entries worth exploring with the Scalpel Signal (please go to the downloads section and search the NinjaTrader7 downloads section for the "Scalpel Signal" zip file we created for you).
Entry one is a mean reversion entry - using any one of a number of mean reversion confirmation tools (VWAP, Donchian, Keltner, Bollinger) for possible entries. You may find a bar that whose body is fully outside the deviation value a higher probability entry and more likely to return to the mean faster than a non-close bar.
I find mean reversion trading harder to follow, and would suggest instead a trend entry signal. The signal is equipped with an EMA trend filter, that you can adjust higher or lower to follow the trend closely, or further away. The signal, when actuated, generally falls away from the arrow either directly at the close, with a maximum of 1 bar height above as a tolerable risk area. You can use the opposite signal as a potential exit, or deploy a 2:1 risk reward ratio at entry (risking 8 to make 16, etc).
Increasing the SIGNAL and the WARNING parameters in NinjaTrader will decrease the number of signals shown in the chart space. No more than 7 as a higher value. Decreasing the value (no lower than 3 or 4) will create a higher number of signals -
A higher number of signals can be more desireable in a trend trading environment as shown in the attachments to this post. Similarly, watch for a close above or below the counter trend signal as confirmation of a scalping trend continuation.
The prior method of the Sniper Scalping System was based on a multi-time-frame MA crossover which many traders had difficulty anticipating, something that is critical in a scalping system I think (the signal can happen so fast that there's no way you could get filled at the entry indicated) . The Scalpel signal therefore has a warning signal, painting the bars as you move into a signal and notifying you that a signal is coming, as opposed to the Sniper signals that would appear very quickly and without warning because of the inherent lag.
You can also download the OSCILLATOR ALERT indicator that we uploaded for the community last month. This scalping indicator can work very well as a scalping indicator for fast quick profits, especially when deployed against the FISHER TRANSFORM tool in the NinjaTrader indicator list.
Please PM me if you want assistance setting up a chart with this tool, or the OSCILLATOR ALERT tool we uploaded for scalping members. I'd be happy to help with any questions anyone has. You'll find this a more powerful alternative to anything that was sold under the Sniper banner and not have to spend $2,000 learning how to use it.
Please send me a Private Message if you have any questions about BTTFT services
Anyone who missed downloading this indicator before it was removed from the site (I assume because it was uploaded as a DLL) missed a damn good indicator.