OmniTrader Upgrade Forums
Plug-ins for OmniTrader
RocketTrade Method
31 replies, 10895 viewings
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OmniTrader Upgrade Forums
Plug-ins for OmniTrader
RocketTrade Method
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Last Activity 9/18/2024 6:18 AM 31 replies, 10895 viewings |
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ZedandMaynard Veteran   Posts: 156 Joined: 12/13/2003 Location: Sacramento, Ca  User Profile |
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| John W Regular Posts: 87 Joined: 8/1/2011 Location: Sydney, NSW, Australia User Profile |
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| Barry Cohen Sage   Posts: 6338 Joined: 1/19/2004 User Profile |
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| JEM Member Posts: 35 Joined: 1/28/2007 Location: victoria bc User Profile |
Is there a posting for it? James | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
https://www.nirvanasystems.com/rockettrade/ | ||
| Jim Dean Sage  Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
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| Diamondjag Veteran Posts: 270 Joined: 11/25/2006 Location: Brighton, Co. User Profile |
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| wxmonn Member Posts: 8 Joined: 12/20/2003 Location: aptos, ca. User Profile |
Does the RocketTrade Method require a PR update to OT21 to be viable?? | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
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| algo01 Member Posts: 32 Joined: 11/15/2014 User Profile |
I purchased RocketTrader but was unable to attend the seminar. Can we download them or watch them afterwards? In the focus list Ed has a column that shows the best candidates for the rocket to the right of the symbol. Where can you find this column indicator?  Attached file : rockettrade focus list.png (138KB - 282 downloads) | ||
| Buffalo Bill Legend  Posts: 539 Joined: 10/3/2006 Location: Stafford, VA User Profile |
Originally written by 291234 on 1/25/2021 11:14 AM You should get RocketTrade free if you already purchased Harness the Power of Relative Strength. And the install for RocketTrade is Harness the Power of Relative Strength. Barry - you sure? I had to pay for RT and I had power of RS | ||
| Diamondjag Veteran Posts: 270 Joined: 11/25/2006 Location: Brighton, Co. User Profile |
https://store.nirvanasystems.com/pages/dashboard | ||
| jpb Veteran Posts: 168 Joined: 5/11/2005 Location: Brown Deer, WI User Profile |
Can we download them or watch them afterwards? Yup, just go to https://store.nirvanasystems.com, login, go to your dashboard, select RocketTrade and then click the Course Info/Videos "tab". All the presentation slides and video are there for your viewing pleasure. Where can you find this column indicator? Are your referring to the "Good Opportunity" column? As Ed was prospecting, he would click the checkbox in that column (header "G") in the Focus List. To then view all the symbols that you have flagged as "Good Opportunity", use the list drop down at the top of the Focus List and select "Flagged Symbols". | ||
| tradermike Veteran Posts: 116 Joined: 12/21/2004 Location: Folsom User Profile |
Beyond accessing assets and purchasing related questions... I am still curious about the "guts"? What is the relationship between HRS and RocketTrade? Are they the same or different? If different, in what ways??? Which assets should I use? etc, etc Thanks in advance, --tradermike | ||
| jpb Veteran Posts: 168 Joined: 5/11/2005 Location: Brown Deer, WI User Profile |
When you acquire RocketTrade, the download is HRS. This download is the same as what you'd download today if you just went to HRS and downloaded it, but it is different than when HRS was originally released. So, I believe they changed the asset you download as HRS. RocketTrade is really an educational set of content on how Ed's been trading HRS since October live against several accounts and producing huge results. So, in the course, you see how Ed prospects, how he manages the positions, and how he manages risk to produce the results he has. It is a great set of discussion and the 3rd session on Risk includes a discussion of using UVXY as a hedge. That discussion includes both Ed's and LB Newby's real world use of it. Now, as for differences between the original HRS package and what I'll call the new HRS package, there are a number: - Ed abandoned a few of the OmniScan lists while adding several new lists. A few of the new lists have the same name as the original set of lists. One major change Ed did was to add Cap Size to the lists and filter based on that. He uses different lists for different types of prospecting. - In the original HRS, there is an Adaptive stop (located in the Stops directory under VBA). Ed revised this stop. This stop was used in all 4 strategies of the original HRS package. So, if you update the HRS package to the new version, you will suddenly get a different Adaptive stop set of logic with HRS Breakout, HRS PullBack, and HRS Reversal. - The final change I've seen is that the 4th strategy HRS Trend has changed -- particularly in the TradePlan. It used to have the Adaptive stop in it. That has been replaced and no longer uses the Adaptive stop. For me personally, I found the RocketTrade material to be beneficial on how Ed used the tools to produce impressive results and the hedge discussion between Ed and LB. However, I prefer to create mechanical trading systems and use ATM and AT to run the systems -- removing all emotion. So, for my ATM method, I actually like the original Adaptive stop better than the new version (so, I created a copy before installing the new HRS package called Adaptive 1. I also made a copy of all the strategies and renamed all the OmniScans before installing the new HRS package so I had a complete system that I could compare lists, strategies, and stops against -- adopting improvements and not breaking what I've tested to date. | ||
| algo01 Member Posts: 32 Joined: 11/15/2014 User Profile |
But it is not the good opporunitie column but the column to the right of the symbol where there is 16.22 14.10 13.75 etc. Attached file : rockettrade 1.png (78KB - 258 downloads) | ||
| jpb Veteran Posts: 168 Joined: 5/11/2005 Location: Brown Deer, WI User Profile |
That's probably going to be a question for the Nirvana team if it is available to add (or what its name is in those fields available). | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
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| algo01 Member Posts: 32 Joined: 11/15/2014 User Profile |
Is this column important for choosing the best stocks? | ||
| jpb Veteran Posts: 168 Joined: 5/11/2005 Location: Brown Deer, WI User Profile |
When you watched Ed prospect, he actually sorted by the signal column and the bars. And then he looked at the charts for patterns and indicator values, levels, and direction. If you are looking for a mechanical system, there are other tools to incorporate like ATM and AutoTrade. ATM gives you the ability to slice and dice the market into different personalities and apply different ranking, filtering, and allocation methods given the market personality. That's personally how I trade with the HRS strategies. I'm not much of a prospector. | ||
| tradermike Veteran Posts: 116 Joined: 12/21/2004 Location: Folsom User Profile |
jpb ... thank you for your extensive reply - very much appreciated. And thank you everyone else for your ongoing dialog --tradermike | ||
| bjmtigers Member Posts: 25 Joined: 1/6/2004 Location: Tampa,FL User Profile |
I've been watching Ed's Rocket Trade tutorials and have the following observations: If the Period type is Heikinashi-Daily you will get different signals then "Daily". Generally they are close, but in a number of cases the HA-Daily will give a totally different signal then Daily. Some of the signals on my OT2021 did not match Ed's even though the profile and scans were the same as his. How is the Period Type (HA-Daily or Daily) connected to the strategy and signal generation? Thanks Barry M. | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
There are a number of things that could cause signal differences between one machine & another. Click here for more information. There is one additional thing to note when comparing RocketTrade / HRS signals. The strategies & other files in it have changed several times since it was first introduced. So it's possible one machine is using different files than the other. | ||
| bjmtigers Member Posts: 25 Joined: 1/6/2004 Location: Tampa,FL User Profile |
Thanks Barry | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
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