eminiviper.com

I started this topic because some questions I asked and answers I got from cba33558 were getting lost in this rather extensive topic here:

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=2300&whichpage=30

We started this discussion on page 30 of that thread, and I thought I'd move it here so we can continue it (since no one took me up on my offer to start this thread). I'll cut and paste the three posts made after cba33558 posted a chart about eminiviper.com

From 6/8/09:

jimkane: Hey, cba. I checked out that EminiViper.com page. Very impressive. Seems like they don't have any losing days, or even losing trades (or do they not post those?). Is that so? If not, how many stop outs or false signals are you seeing on an average day? It doesn't mean much to me to see winners, I am more interested in the losers I have to take to get those winners. Also, are you the owner of EminiViper.com, or do you work for them? If not, what is your association? If I don't ask, that will likely be the first question from everyone else. Thanks.


cba33558: Hey Jim -

Thanks for visiting the Web site and offering your constructive questions and feedback...

The videos are intended to show the NQ Emini trades that are triggered by the system each day. Currently the system is designed to issue trade signals only the Nasdaq Emini. In addition to the Viper indicator, the system uses a combination of guidance charts and a trading chart that very rarely has a losing trade. With all of these constraints, it should be noted however, that there are not many signals that trigger in any given trading day. Depending on the volatility - usually one or two trades may trigger - a busy day would be 3 trades.

The entire trading system is not shown in the videos; however, all of the details regarding these trade signals are shown in an eBook and training videos. The actual trade signals themselves are analyzed in real-time in the live Webinars. The entire goal of this system was accuracy - not catching every trade.

In answer to your other question, I have been a trader for a little over 12 years now, I am a partner in the firm; and was involved extensively in developing, actively trading and back-testing the Viper system over the past year and a half.

Once again, thank you for your input, and I look forward to opportunity of respectfully participating in your Forum...


jimkane: Thanks for the response, cba. Wow, those are some incredibly impressive stats. Given these are intraday trend trades, it's almost incomprehensible to me. My style is intraday trend trading, and with the 3 to 5 to 1 or sometimes higher reward/risk profiles I'm happy anywhere in the 30% to 50% winners range.

I have a few more questions. Is there a way to follow along and see live trade signals the moment they develop, on a trial basis? The web site mentions visiting a live webinar for a day. Would one see live signals in time to act, or only after they have started? What if no signals are generated that day, can someone try another day? It's very hard to evaluate a system with a one-day trial, especially one that generates only a few signals.

Next, what is the difference between live webinars and live trading room, as far as signals given in real-time? Also, if one signs on to your room and gets all that training, does that do any good without the software? What is the cost of the license, since the website doesn't specify this? I'd love to follow along real-time for a period and evaluate your system, but I'm not sure you have any provisions where I could do that without laying out money first. Again, if I don't ask all these questions, someone else will. Since I'm probably the longest-winded character at this forum, I figured I'd just get the ball rolling. It's not often I hear about a system that has almost no losers at all.

Lastly, if we go much further with this discussion it may be appropriate to move it from this thread to one you or someone else could create in Trading Advisory Services.

Does anyone know what the VT13 indicator on their chart is? I too have recreated the Viper with Heiken Ashi, Line Reg, Donchian Channel and my pivots but do not know what the VT13 is comprised of. It's not the Line Reg set to 7 range. Anyone know what it is?
Thanks!

To attempt to answer my own question, for the VT13, I'm using the MACD ZeroLag Colors with the acceleration set to 1.8. Not exactly the same but perhaps close enough. Suggestions?

I wouldn't be too concerned with that indicator--it's full of noise, and will do more harm than good.

Essiar,

Try the same LinRegColors indicator as the Viper, set it to 21 periods and set the angles to 30,30...mine mimics the Viper trend indicator exactly.

quote:

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Originally posted by thetaxman

Essiar,

Try the same LinRegColors indicator as the Viper, set it to 21 periods and set the angles to 30,30...mine mimics the Viper trend indicator exactly.

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Good work.

I love it when a plan comes together.

quote:

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Originally posted by thetaxman

Essiar,

Try the same LinRegColors indicator as the Viper, set it to 21 periods and set the angles to 30,30...mine mimics the Viper trend indicator exactly.

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Where do you find the "LinRegColors' indicator?

I found the linregcolors.cs file here but don't know how to import it since it's not a zip file.
http://www.ninjatrader-support2.com/vb/showthread.php?t=19304

This one works. The flat time periods (non-trending yellow sections) are not quite as long or prevalant with it but other than that, it's darn close to the VT13.
http://forum.bigmiketrading.com/programmers-paradise/704-color-changing-regression-line-paint-bar.html

I found an indicator that was based on EMA's or WMA's and changed all the references to LinReg. I'm trying to find the file.

Really, the one I just posted above from BigMikes works fine if you set it as you mentioned. Periods 21, Angles 30/30.

Sorry this reply is 2-years late but I just joined the forum.

I know from personal experience that GoToMeeting and GoToWebinar default to showing all users and all comments unless specifically disabled by the Host.

If they're saying what was reported that's a blatant lie.