Master your skill of seeing second entries

Wizdough Second Entry indicator for NinjaTrader 8

Alerts on two-legged pullback status. 14 price action signals: second entries, higher low, lower high, failed 2E, etc. 5 filters and preferences: reset on double top, engulfing bars, risk limit, etc. Precise counting of second entry, Mack’s technique. Flexible setup. Start a free trial now.


chart-example

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What’s new in version 1.01

  • Failed SE and Survived SE
  • Internal bars
  • Risk check filter
  • Bar quality check filter
  • Double top/ double bottom reset.
  • Symbol customization
  • Six plots for Alerts and automated strategies. (FEL, FES, SEL, SES, HL, LH)
  • Improved prediction of next symbols.

Installation Guide


Pro features

There are two versions of the indicator - basic and pro. Basic version devoted to teaching beginners and notify traders about a coming opportunity. Pro was designed for implementation in automated strategies or algo-trading. Pro version generates special signals that can be used in your automated strategies.

Indicator Overview

long-chart

For price action traders it’s very important to know when it’s time to enter. One of the crucial conditions for the right trade setting is the second entry or the end of a two-legged pullback. The second entry is a second attempt of the price to reverse during a pullback. This indicator helps you find the second entries on your chart. This indicator reflects rules concerning second entries broadcasted by Mack.

second-entry

Made with an idea in mind that beginners and professionals can use the indicator for their individual purposes. The indicator can be configured to show all relevant signals or it can be barely visible giving you just a hint about the second entry.

As you see in the picture we make a new high and then a higher high which counts as zero (0). One (1) is the first entry signal bar and two (2) is the second entry signal bar. Unlike the other indicators, we show 1s and 2s at signal bars because it’s important to know where to place stops. You can also see H and L between 0 and 2. Those are lower high and higher low accordingly. They also often being used as signal bars in the right context.

Grey symbols indicate incomplete signals. For example, grey (2) means the second entry is coming as soon as a bar will overlap the previous bar. When it will happen the two will become green or red.

Change Log

1.01.0 2020-03-04

  • Failed SE and Survived SE;
  • Internal bars;
  • Risk check filter;
  • Bar quality check filter;
  • Double top/ double bottom reset;
  • Symbol customization;
  • Six plots for Alerts and automated strategies. (FEL, FES, SEL, SES, HL, LH);
  • Improved prediction of next symbols.

1.00.5 2020-02-02

  • Pro version available. Pro features: sell/buy signals for use in strategies.
  • Properties optimized. Removed doubling configurations.
  • Added symbols for long and for short signals. Instead of just “2” you can use ↑ and ↓ or any other symbol (press WIN+. to open emojis).

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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets Last updated June 13, 2019 in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonials:
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Live Trade Room:
This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.