Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

I've never found a good indicator that helps with Elliot Wave analysis. That said, are you talking about the EW indicator that is just the difference between two EMA's? I've seen that one around, but don't really know how it would help with EW, specifically.

Share this post


Link to post
Share on other sites

If your looking for Elliot Wave software I use MTPredictor. If you have looked at Advanced GET RT and EOD the wave counts change like the wind. This software isolates patterns specifically ABC patterns and what it calls Decision Points similar to Advanced GET's MOB coupled with divergence. It isn't the grail or a "Black Box" system but also focuses on the importance of good Risk/Reward ratios and Position Sizing. In essence it woke me up!

The forum is very interesting and they offer good education for free.

 

I am a user. I am not associated with the company at all, and I am a reformed "grail" hunter who has wasted money in the past on curve fitting software!

Share this post


Link to post
Share on other sites
If your looking for Elliot Wave software I use MTPredictor.

It seems to me that MTPredictor has taken a good amount of emphasis off Elliott Wave, and more on risk management and other kinds of entries. Am I correct in this observation? Do you find that the entries/exits are fairly accurate, in general?

Share this post


Link to post
Share on other sites

MTpredictor is good for a beginner. They also provide you with a lot of hand-holding and support But there is no way to customize the software to your liking. For professional trader, Robert Miner's Dynamic Trader is way better.

As a matter of fact Steve Griffiths of MTpreditor used to work for Robert Miner.

Share this post


Link to post
Share on other sites

Hi,

 

From my experience the entries are specific and once a setup is a valid pattern "On Bar Close" it stays in place and is either a winner or a loser. With the correct position size given my the Risk Reward module. I find the Risk Reward tool invaluble for my own setups. The site has a very strong emphasis on not overtrading and places Money management as being one of the key's to success, along with trade management.

Their software runs on Ninja Trader, Tradestation and eSignal.

Then again you can scan for these ABC setups (Bull/Bear Traps call it what you will) yourself manually and apply your own management methods save buying the software which just does the scanning for you!

 

Hope this helps.

Share this post


Link to post
Share on other sites

advanced get should be use to take the elliott waves count into consideration, is actually a tool or validation of counts, if you use it to validate counts, is the greatest, using MOB ellipses, break or reversal targets and the elliot oscilator. I use the Dynamic trader for time analysis, and ad get for price analysis. I look over the mtpredictor that a friend is using, either i dont know how to use it, or It doesnt serve my needs

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.