doubletop11

are you thinking about doing it in the C++ format - for such platforms as Sierra chart or Esignal? Yes both of these platforms will be available in 2-3 months. We are porting the software to Tradestation due to the automated strategy of this system is very profitable and I'm hosting it on a computer that is 1 hop from the exchange. but they only accept Tradestation systems. ....are you planning on selling this, offering it as a subscription, making it freely available? Yes the indicator will be sold. Right now it's available on NinjaTrader, and midway through the port to tradestation. why does this require 3 contracts?....I look forward to seeing something in action...even historically as a guide to what it can do. The reason for the 3 contracts is because these zones let the market tell the system where to put it's stops, and targets. This trade on the TF had a 2 tick stop, we bought it long at 835.20. with 3 targets going up. 1st= 15min 20 MA @ 838.6 2nd = 15 min. zone @ 839.9 3rd = 2nd zone on 15min = 843.0 stop loss is moved to cover entry price +2 ticks after 10 mins. It is the confluence of zones of the 5 charts that I show you that triggers the "Trade Secret" chart. I'm looking for 3-5 of the charts to have the same zones. Which will happen only a couple times in a 24 hour period on any given market. The system needs to run 24/5 pretty much. We also have an automatic ABC pattern inside the program as well that does ABC with a time function in it to pretict exactly what time completion should take place. It also identifies doubletops, double bottoms. But I don't use it much since I found the "Secret Chart". You can check out more theory at my website APAzones.

It's a secret chart that I use to get in and out of the market with. It one of those "found out about it on mistake kind of things then I realize that I was sitting on a gold mine by using it with confluence of zones but lets just say it's amazing!!!! on of the major ideas behind this is Green outlined zones mean buy, red outlined means sell zones so it easy to follow. Here's a sample of what my charts looked like today. I watch the CL, 6E, and TF markets.

I've Done It! I have finished my automatic zone drawing indicator for ninjatrader and now working on transporting it to Tradestation, then I will make it available for a bunch of different platforms. Here's what it draws out. 1.) using 72 different equations we are drawing the zones. 2.) I have found that price tends to bounce of these zones so I have instituted bounce count colors. New zone = Aqua 1st bounce = blue 2nd bounce = yellow 3rd bounce = purple 4 or more = gray I can also show the "dead zones" idea behind this is support become resistance and visa versa. 3.) I have found that this system works the best if you use it on multiple charts of one instrument. I'm using it on 6 different time frames, 4hour, 1 hour, 30 min, 15min, 5 min, and Secret chart (for my entry) 4.) I have found that using the secret chart I can run around with very small stops and every trade can start out like scalp then turn into a big movement if price so allows. I would post some entries that I've taken in the past week, but I would rather do it in real time or predict them just to show how these zones are working. It also requires you to run around with 3 contracts at least. I call these zones and system APA Zones for "advanced price action". So here's a couple of 4 hour charts. this chart has the old zones "dead zones" turned on which are in grey. Right now price is in a zone, and the zone will only turn to the next bounce color after price completely leaves the level for at least 1 bar.

The ES is way to choppy for day trading at the beginning. There is not enough profit for me to daytrade it. I believe that for beginning traders should stay away from the ES. There's a HUGE racket for beginning traders to start there. They preach stability of index, volume, futures baahbahbah. I'm all about futures no doubt but alot of it is marketing about the ES. I started there and found out the hard way. It made me become a price action trader, dependant on no indicators but price and S/R level drawing after I lost $1,500 then started to say, what's really going on here. There are so many participants in the ES that you can't really hold a day position for an extended amount of time unless you really know the underlying ways and reasons the markets work and can swing trade it on a daily bases. I don't believe that the ES gives you the profit margins that other markets can. If you know how to swing trade and can do it profitability, then do it on the ES. However, if you looking to get 2-4pts a day and scalp your way to a living or riches. I believe your in for a rude awaking. If you do get training for a good company that really teaches your the correct way to look at the markets they don't teach the the ES first off from what I've heard. If you look at the Euro compared to the ES for daytrading, the range is so much more and I make so much more money on the Euro(6E), Russell(TF), Oil, and Bonds (ZN) day in and day out that a 10 points daily range on the ES seems like a totally newbie trap to me. It makes me laugh because I see lots of 1000 contracts going through and the market doesn't even move hardly. The new daytraders are being rug out by the big boys. So I would say forsure that big money is behind it all. Big marketing, big masses, big companies, and big Sharks. That's just my opinion.

We are drawing zones, there will be a signal generator that tells you your entry, 1st profit target (PT), 2nd PT, and stop loss at least 5-30 mins before the trade. We are making it for Ninjatrader and possible Tradestation. Zones on NT are completely customizable and movable. It will also be able to calc. multi-instruments at once, then give you an alert when one is touching or about to touch the zone. So I really think you are on the right idea Siuya! We won't be making it for sierra, however, if you want to talk about programming logic or anything; PM me Best of luck!

So just out of curiosity how much do you think an "indicator" that drew your zones for you would be worth? $300,$600,$1000?

I'm still with InfinityAT, however it really depends on the charting system you want to use. I personally really like Ninjatrader because you can program in it with C# . Plus most Ninjatrader feeds are about .5 seconds faster then Infinity. If you are just learning don't look at indicators, learn price action! Everyone will tell you that it's king even the guys at infinity. I would recommend googling Sam Seiden or Phil Newton and see what they have to say about price action.

Zones are drawn at 4 hour chart, (swing trades, big view) 1 hour chart, 15 min, and 5 min. Reasoning for this is so you don't buy into a swing traders resistance area or sell into support. The programing for this is 500 lines of code so far and still growing as we automate signals.

Right now I'm in development of this Zone system for Ninjatrader! We hope to have the "indicator" up and running by this coming friday. The zones that this program draw are supply zone (retail price areas) and demand zone (wholesale price areas). Here's how they are traded. red line is the price to get in at, purple dot is where I got out at.

I agree with Will! 1. Get this book, Trading in the Zone, will really help you get started! 2. Learn your charting system and DOM well. 3. Learn Price Action. - from traders like Sam Seiden, Phil Newton, Al brooks 3a. Don't use indicators like RSI, MACD, ADX. they are all laggy and will get you looking at them more then what price is really doing! 3. Don't overtrade even when you are practicing on sim. (around 2 trades per market, per NY session) 4. Don't trade spot Forex 5. checkout babypips website for a lot of good basics that apply in all markets. Best of Luck!

(referral URL removed) Basically when it comes down to it. If its spot fx it's not regulated by the US NFA and CFTC agencies therefore they have been know to take advantage of traders. Because they are not regulated, when you trade you are basically hedging a bid against your broker. For tax reasons as well spot FX would work against a US trader because then you can't apply for traders tax rates.