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


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.
Originally posted by Essiar

I found the linregcolors.cs file here but don't know how to import it since it's not a zip file.

One of the ways you would import this is as follows:

1. Open "linregcolors.cs" file in a text editor (like Notepad).

2. In NinjaTrader, navigate to the following menu:
Tools > New NinjaScript > Indicator...

3. In the "New Indicator" window that comes up, click on "Next" button once. Enter "LinRegColors" in the "Name" field.

4. Click on "Generate" button. This will open a window with a title "Indicator - LinRegColors*". This will contain a default code.

5. Replace contents of the window in step 4 above with the contents of linregcolors.cs that was opened in a text editor in step 1 above.

6. Click on "Compile" button on icon bar at the top. When the code is compiled successfully, it will give a message "Indicator successfully generated." Click on "OK" button.

7. Exit "Indicator - LinRegColors" window.

8. The "LinRegColors" indicator is ready for use.
Well, think of it as a research institute. You're time & money provide them with the opportunity to save the little children; oh wait, you're giving them money so that they can keep their project going in order to make more money and in doing so you are not advocating accountablity on their part. I can see their point of view.
Originally posted by Essiar

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.

The settings for the ViperTrendIndicator2 are 30, 10, 21.

Good luck and great snake eating!
Originally posted by Essiar

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.

Also, 10, 60, 21 gives the same result.

Viper for free. Yep, that's the right price.

Shame on Mr. Boyle to pull the wool over the trading community's eyes by saying these were proprietary indicators. These vendors are an oily bunch to be sure.
This forum is truely great. I have tried various HA's but have not been able to duplicate Viper. Their bars are formed by applying the Viper Trading Background and are a variation of HA's but I do not know which one.

I am using a LinReg that substantially repeat the Viper, but what is a big problem in my opinion is to cacht the good trend up / down, and leave the false starts, I know not easy at all, but will appreciate the suggestions you all could deliver to me.

I mean indicators to add, to boost the knowledge of the right signal and the specific settings and links to the, could I say, Viper emulator.

Thanks for help


Mordechai Jair

You can add the Lin_Reg_Color_Paint_v01.zip indicator on this page.
http://forum.bigmiketrading.com/programmers-paradise/704-color-changing-regression-line-paint-bar.html Set the period to 21, the angles to 30/30. This is almost identical to Vipers VT13 which is supposed to assist you in deciding whether or not to take the trade. Personally, I think you'd be wanting to base your decisions on more than just Viper. :-)

thanks for your suggestion.

I agree with you that there will be for sure other solutions and indicators, but I am new, mean it is not a long time I trade, so this the reason I ask to the participants to this clever forum to give help
suggesting which are the most reliable to take into consideration.

I thank you again and will wait if someone has good ideas to give me
especially to keep out when the volume is stronger, avoiding the false sprint.

I apologize

I forget to clarify that I use Ninja Trader.

So I need indicators ready able to run with Ninja, of course.

In example a very usefull indicator could be Volume Delta as

shown in X Trader, with the total volume bar and at the bottom of it

the outstanding red / blue if the majority of contracts are buy or


I know there is something running for Ninja, but dont know if

reliable and in any case, the problem is that Ninja doesn't recorder

historical, so the indicator software must run as a strategy and the

bars plotting hasn't shown for the time frame higlighted but built

bar after bar, and if you must refresh for any reason the chart all

the bars already plotted will be lost. Nice -:)

Hopefully the Ninja 7 will solve this problem but most important

will be to get this Volume Delta (Delta Force)tool.

Thanks a lot

Benn playing with this a bit and found that altering the LinRegColorPaint to Period=14, Changing the Donchian Channel to Period = 4 and setting the range on the price bars to =4, gives a better response. Gets you in the trends quicker without really affecting the rate of false signals. At least that's what I discovered on today's chart. Then again, keep in mind I'm fairly new to much of this and I'm investigating several methodologies to rely on.
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.