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yes it is a trend indicator. the main entry signal are the oscillators. They are useless because you enter too late in the trend. With the right combination of filters it can be quite profitable on higher time frames, certainly H1 and above, not lower
Hello Murodi, I completely agree. Many have found it to be profitable but the true entry signal waiting for the three oscillators to line up - by that time you have missed most of the move!
I like the percentage indicator for trend following, but you need more than that it’s true
I'm surprised there isn't far more interest! I'm finding exactly the same as ginger. The trendlines
are awesome - when price hits TL and a reversal arrow appears, price actually does reverse!!
If that isn't enough then you really are difficult to please!!!:)
and it absolutely doesn't repaint...
rules for system are wait for arrow, and enter when all three oscillators turn same colour.
I didn't find that very profitable but rather, wait for arrow and trade the next pullback
as with oil above
the ADX is a very good confirmation and will filter out a lot of losing trades
PS I don't...
Hello Vishrajv, the Trade Predator gives trend strength percentage, this is not winning percentage. The point of this thread is that these two tools compliment each other well. Unlike most 'systems' this doesn't fall apart in real trading, it is genuinely profitable depending on the skill of...
I don't like to enthuse too much as a newbie on this site but I have truly
never seen anything like this system!
Backtesting, Forward testing it just keeps winning
A lot of arrows and symbols disappear once they've served their purpose
but its not a problem
I can't find any instructions or...
My first trade!-
https://www.mql5.com/en/charts/14972496/cadchf-h1-trading-point-of
Its looking good, and my second trade might well follow suit.
Looking forward to monitoring properly next week
Ok Ive opened an MT5 account and installed Belly system. it is extremely sophisticated
and the arrows appear to indicate high profitability.
It definitely repaints when price goes wrong way arrows always disappear
but it draws good trendlines and might be of some use
Yes I have the Belly system and it seems very well thought out. Unfortunately I haven't been able to test it
because I don't have MT5 at the moment, but I will open a MT5 account tonight and let you know how I get on
In the meantime you are welcome to download it here free. Its actually being...
I more recently went short on Oil and maybe you can see why.
The first thing that really stands out is that I didn't enter at the arrow
or indeed anywhere near it
but the percentage was over 80% so I just waited for a pullback
that was supported by an ADX cross confirmation
The beauty of this setup is that not only do you have a good Megaphone setup and signal
but a Triangle pattern has formed in the process.
There should be a good move in one direction or the other when price breaks out
yes there are two sides to repainting. there is undoubtedly a scam aspect where
screenshots are used to prove a near 100% win rate but the arrows have moved
from one end of the chart to the other!
but some coders are very honest that some of their indicators might expand, yet
they can still...
Thanks for that information Pippin, they might be very useful! I'm aware of Hotforex from the past but never heard they offer Zero spreads! For scalping, Oanda's own platform offer very tight spreads but not their MT4. So by the time you get the signal on MT4 and move over to their...
I just noticed a possible setup on EURNZD H4 timeframe. It looks like
price is not that keen to follow the arrow direction. it was a veritable 134 pip
winning short trade but is now reverting to the original northerly direction.
If it crosses the red line convincingly it will very likely...
Here is sc of the CADCHF trade in progress. This is mainly for demonstration purposes
I probably wouldn't trade the M15. You can see I'm trading the pullback with a high percentage
and we have green above ADX red
This is actually an extremely useful indicator. The original system
comes complete with a three layered Oscillator which frankly I
didn't get on with.
but the Trade Predator indicator itself incorporates quite an
insightful algorithm and is very adept at spotting trend trading
opportunities
I...
I'm not going to start a system thread on this
It obviously makes sense to only trade the instruments that
are moving
If you look at the sc this would be a good setup by anyone's
standards
but if you first check to see whats really hot, whats
really moving, then trade the pullback
it...
I'm not sure anyone is going to understand a word of this
Trading is so subjective. What is glaringly obvious to one trader
is hidden in plain sight to everyone else
So often I've known traders making up to a genuine 60% pm by
trading what always seemed to me to be signals that are so
subtle...
and to complete the hat trick we also had a winner on the GBPJPY M15
You may notice the percentage is much lower but it doesnt matter, its above
60% and of course the other two Yen winners were 90%+ so that counts
for a lot
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