Download Top Trader Tools – Hedge

PolloSud, can you share some experience with this indiator on NT8 ? Are you happy with it ?

Would you sell it to the community ?

 

Do you have sierra as well?

 

Is this available for Ninja Trader 8 and Thinkorswim? Thx

 

Hello,

Personally, I love this indicator and use it every day (like the others from Top rade Tools).

But to avoid false signals, you have to use it correctly.

Here's what it contains.

 

Thank you for responding.

>>But to avoid false signals, you have to use it correctly.
Can you please elaborate a bit when you say "use it correctly"?

 

Hello,

Yes, of course.

What I mean is that you need to filter your trades with additional confirmations
in order to reduce false signals to an absolute minimum.

This can be done with the confirmations you're used to using:
1) Supply & demand zones
2) EMA's
3) Harmonic pattern
4) etc.

Whether to define a trend continuation or a trend reversal. In this case, consider
only signals that point in this direction.

In the screenshot below, I illustrate a trend continuation with the 2 bullish EMA's
and 2 pullbacks on the EMA's. And also several trend reversals with rejection on
supply & demand zones.

I also noticed that the higher the timeframe, the fewer the false signals. So I created
a more reliable strategy by looking for my setup on the highest timeframes and
opening the trade on the lowest timeframes.

For example, my preferred strategy is to look for the setup at H4 and open my trade
at M1, M5 or M15. And unlike most traders, I don't manage the trailing stop in M1, M5
or M15, but in H4. Because I've found that by managing my trailing stop on the timeframe
when I open my trade, I often hit the trainling stop, and then the price continued in the
same trend and I could have made a lot more.

So, to sum up:
1) Setup and signal at H4
2) Open trade at M1, M5, or M15
3) Trailing stop management in H4 or my SL is hit or I close the trade at the first opposite signal.

I hope this gives you some ideas.

PS:The indicator has other lines to manage the trailing stop, but I've removed them
to make the points more visible.

 

I even forgot a red dot in the second orange rectangle.

 

Thanks very much Yarvua for taking time to explain!
I am in

 

@trader91,

If this GB takes too long to close, tag me again and I'll give
you the training for free.

Just don't be in too much of a hurry while I download it from
my meganz account and put it on Google Drive.

 

Sounds good. Thanks again for your willingness to help!

 

Hello @trader91,

You can find it here: https://drive.google.com/drive/folders/1pzr0bMFrccfNCkX3FazYj-SkEkOBL84E?usp=share_link

Enjoy and give me a feedback after using it

 

Thank you

 

THANK YOU MY FRIEND I APPRECIATE

 

@Yarvua is this only for NJ TS or we can use it on MT4 as well?

 

Hello sovialtn,

Yes, it's MT4 ok
And I love it

 

Thanks bro, will check it out