Re: Bill Poulos Next Forex Courses (Daytrading)
Hi stv1025,
Thanks for creating the indicators for the course. It seems that your new link is also dead. Could you please upload it again?
Cheers,
Q: How is the Forex Income Engine 2.0 different from the original Forex Income Engine (1.0)?
A: The idea behind the original Forex Income Engine (FIE) and FIE 2.0 is the same - to enable you to become an independent trader day trading the Forex markets by learning to spot only the higher-probability, lower-risk trades.
The original FIE is based around one single method that has multiple approaches to spotting trade setups using two major indicators. FIE 2.0 splits those multiple approaches into three brand new trading methods based on the original FIE method, while also adding more indicators for a total of four.
FIE 2.0 was designed to allow you to spot trade setups even more quickly and also reduce risk faster with the "Free Trade Strategy". Further, some traders may even find it easier to trade because its three separate trading methods allow you to focus on one concept at a time.
FIE 2.0 also places special attention on markets that are in what I call, “overdrive” mode - these are the markets that are on fire. It also splits out "counter trend" setups into their own method - the Spring Method - which makes it much easier to identify those kinds of trades.
The original FIE is still valid and over a thousand of my students from all around the world are studying it and using it with great feedback to this day. FIE 2.0 doesn't replace the original FIE, per se, but it does expand on and complement the original method, adding three more exciting methods to your trading toolkit.
I don't know about the 2.0 but the 1.0 version is a really mechanic system from what i have understood (it individuates pivots,high and low of the bodies of the candle and take into consideration some candle formations..all supported by 2 basic indicator: ADX for trendiness & ATR for volatility). >:)
Anyone so brave / kind to try to build an EA for that? ^:)^
Just a pop-up alerter when all conditions are met will be super-fine! :D
Here I wrote an indicator that puts an arrow when there is a setup condition present. It will also put up a pop up alert and give the stats for the trade in a comment on the screen.
I have to say, I am not all that impressed with the results. I double checked and I am following the rules exactly. I probably won't write a EA, because the manual backtesting shows me it is not really worth my effort. If you want to backtest the method or have any other ideas, here it is.
h**p://www.mediafire.com/file/5n1hnqy40ui/FIE
Edited 06/25/2009
I just noticed the link I put up died. Here is a new one
http://www.mediafire.com/?ymeohit0mjk