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Page 1: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade
Page 2: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

The Viper Automated Scalping System

The Viper is designed to scalp through the intraday price action and hunt down the high probability trade entries. This is made possible because The Viper has over 27 years of experience built into it. The unique combination of proprietary indicators provides you with a grey box system that will give you high probability and specific entry points that will compliment any trading plan. In addition to specific entry points, “The Viper” is designed with you in mind. One of the biggest problems traders are faced with is human error. Under high stress some traders are plagued with fear, greed, and poor money management. By utilizing a grey box system that will provide you with key entry points that will compliment your trading plan and help you separate your emotions from the trade thus increasing your potential for success.

Disclaimer:

Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk

capital should be used. Any form of trading, including forex, options, hedging and spreads contains risk. Past performance is not indicative of future results.

TradingMarketTechnicals.com is not a Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility. TMT does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All

information should be taken as educational purposes only.

U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading

has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.

The past performance of any trading system or methodology is not necessarily indicative of future results. No

representation is being made that any trading account will achieve the same results posted.

Page 3: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

INDEX

Part One

How to register your machine for use of TMT strategies by obtaining your unique Machine ID issued

by Ninja Trader

Downloading the indicator

Installing the indicator into Ninja Trader 7.0

Indicator chart settings

Part Two

How to setup the indicator setting for the different markets o Futures Indexes: ES, NQ, TF o Futures Commodities: CL, GC o Futures Currency: 6E, 6A, 6B, 6J,

Pre-Enabling Morning System Checklist

End of Day

How to Change Over to New Contracts

Page 4: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

Part One

How to Obtain Your Machine ID

1. At this point, you should have installed Ninja Trader and followed the steps needed to connect to the

server.

2. The next thing we need for you to do is obtain your Ninja Trader machine ID. This ID will be used to

register your use of the TMTViperAlert indicator. In order to obtain your Machine ID, follow the steps

below:

a. Click the “Help” tab located in the Control Center.

b. Click the “About” tab at the bottom of the list.

c. Locate your Machine ID.

d. Highlight and copy your entire Machine ID and email it to

[email protected] with Machine ID typed in the subject line.

e. Once we receive your Machine ID, we will activate your computer for the chosen strategy.

Downloading the Strategy

1. Download the indicator file that we provide, into a file for future recall. 2. Open the Ninja Trader software and go to the main “Control Center”

Page 5: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

3. Click on to “File” and then navigate down to the “Utilities” option and click onto the “Import Ninja Script…” tab.

4. After you click onto the “Import Ninja Script…” tab, a box will open. Navigate to the file where you saved the downloaded Strategy and double click onto it. After it loads into the file name box, click onto “Open” to load the strategy into Ninja Trader.

5. After you click onto “Open”, you should see the following message below to insure that the strategy was loaded properly.

Strategy chart settings

1. Each chart needs to be set to a 10 minute candle stick chart. 2. The specific settings will be coved in section two.

Page 6: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

Part Two

Automated System Settings

NOTE: This system is NOT a BLACK BOX system. It is a GREY BOX system designed to give you high probability trades that will compliment your trading plan. Let the system run from 9:45 am to 4:00 pm EST unless there is a major economic risk event coming out within the day.

Recommendations:

We recommend trading the 4 indexes only. Trading the CL, GC should be reserved for more experienced traders and people

with large accounts.

We recommend ignoring any signals that are produced within the first 15 -20 minute high and low range.

We recommend not going long or short on a signal if the vehicle is overbought or oversold on the daily chart due to the high

possibility of a bounce off of resistance/support.

The Beast is designed to complement your trading plan. Adhering to your personal rules, guidelines and money

management parameters is highly recommended.

Indicator Settings

Page 7: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

Chart Setup

Now, with the indicator installed into Ninja Trader, we now need to setup the charts with the specific settings outlined above.

1. First, create a new chart by going to the control center and click “File” then “New” then “Chart”.

2. After completing #1, the “Data Series” box will appear. In the upper left corner, enter the symbol into the blank box or click onto the symbol under the default box.

3. For this example, click onto NQ and change the “Value” under the “Period” box to 10. This will create a 2 min chart of the NQ after clicking “OK”.

Page 8: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

4. After clicking “OK”, the 2 minute chart of the NQ will be displayed.

5. Next, click onto the “Indicator” button to load the saved indicator onto the chart.

Page 9: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

6. After clicking on the “Indicator” button, the following box will be displayed. Scroll down and highlight the TMTViperAlerts indicator and click “New” so it is displayed in the lower left box.

7. After clicking “OK”, you may receive a notice from Ninja about orders being submitted without confirmation. Just click “OK” to display the chart now loaded with the indicator. To confirm that the indicator was loaded, look for the name in the upper left corner of the chart.

Page 10: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

8. Now that you confirmed the indicator was loaded properly, a blue moving average should appear on your chart.

Trade Signals

The Beast will provide high probability trade entries to compliment your trading plan. The alerts will be displayed by an up (green arrow) or a red (down arrow). The arrows will dictate the direction of the trade. The entry point will be displayed by a green or red line with a number value shown below the line. This value is the recommended entry point. Stop losses and take profit areas will be determined by you and your trading plan.

If price action does not trigger the trade within 6 candles from the alert candle (the candle with the green or red arrow) then we ignore the entry value shown below the green or red line.

Page 11: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

Pre-Enabling Morning System Checklist:

It is important to run through this checklist, every morning, to make sure The Beast produces accurate signals.

1. Double check your computer time. Your system clock should be set to “automatically synchronize with “time.nist.gov”.

2. Make sure your NinjaTrader chart is receiving Historical Data. This is done by right clicking on each chart to making sure “Reload All Historical Data” is NOT light grey in its lettering. If the lettering is light grey, you need to contact NinjaTrader support at http://www.ninjatrader.com/Support.php. In your email, give them your phone number and request a technician to call you regarding an issue with historical data.

3. Make sure you have the correct futures contract loaded in your chart. Futures contract expire so you need to roll into the current contract. NinjaTrader will notify you when you randomly on that day but, we will also email you when to change over to the new contract. Instruction on how to change over to the new contract can be found in your TMT The Beast revised manual.

End Off Day:

When you are ready to end your trading day and turn off the system, follow the steps below

1. Go to the “File” tab in the Control Center and click onto “Flatten Everything” a. This will prompt you to confirm that you want to flatten any open orders. b. Click “yes” to close any open orders.

2. Click on to “Exit” and same your workspace by clicking “Yes to All” 3. This will then close the Ninja Trader software.

Page 12: The Viper Automated Scalping · PDF fileThe Viper Automated Scalping System The Viper is designed to scalp through the intraday price action and hunt down the high probability trade

How to Change Over to New Contracts

1. Future contracts expire every quarter. Before expiration, we need to change our charts to the next contract.

2. We will send you an email on when to make the changes to the charts. 3. To make the changes, follow the instructions below

In the “Control Center” go to “Tools” then “Instrument Manager”

Left click each instrument to highlight it.

Once highlighted, remove it from the list by clicking on the arrow pointing to the right (out arrow). This will remove the instrument from the list.

Once removed, find the instrument that you just removed in the list of available instruments.

Once found, left click onto the instrument and double check that the new expiry date is showing. If all is correct, then click onto the arrow pointing left (add arrow).

You will see the new instrument in the list to the left.

Once you have done this for all of the instruments, click OK.

You now need to go to the charts and pick the new updated contract.