dukeaugustus

This one is not out until January 23. But it seems interesting:

 

http://forexprofitpredict0r.c0m/Ste@lth/

(change last two "0" to "o", and change "@" to "a")

 

It appears to use some variation of wave analysis to predict future price movements, and it seems to be working on the longer timeframe for Dow (longer as in holding trades for weeks to months).

 

My question is, how well does it work for forex? Anyone has any insight or info on this?

Learned not to dispute anything said on this site, but when looking at the good reviews on the peace army site I was tempted and decided to get more info from here, usualy the last place I look for unbiased and honest info,but how are there so many good reviews on the Peace Army site going back for a reasonable period.

 

It is not unheard of for some not-very-"honest" vendors to "fake" their reviews on the P Army site to boost their product's ratings there.

 

But having said that, I think the signal service fired the Raj guy a few months ago, and hired someone named Robbie to replace Raj.

 

You will notice most of the better reviews at the P Army site are from recent months.

 

So there are two possibilities, either:

(1) The good reviews are mostly fake ones and signals still bad, or

(2) The recent reviews are true and the signals have improved since they replaced Raj with Robbie.

 

But even if (2) is the case, having read hermes' experience, I suggest be very careful about giving them your credit card details. If you do decide to join them, please keep us posted on your experience, but also check your credit card statements regularly for any un-authorized charges.

In case anyone is still searching for System 17, as addition to the FiveTic shared above by alansim, you can find System 17 at an older thread here at II:

http://indo-investasi.com/showthread.php/12469-%28Req%29-fivetictr-ding.c0m-system17?highlight=system17

 

Although I did not follow it closely, but I remember the initial feedbacks were good.

duke

As always i like your idea... 153 pips is not bad at all... btw do you use go market broker weekly open or any broker specific?

 

Hi sillykiddo, glad you like it.

 

My live trade broker is Oanda. But I assume that any broker will work. If there is any broker differences, they will probably even themselves out in the long run.

 

In my case, I simply use New York time Sunday 9 pm as week's start, and Friday New York time 3 pm as week's end. These are NOT Oanda's week start or end time, just simply a time that is convenient for me. And in back test these times seem to work so far. Though I assume if we are off by 1 or 2 hours either way, as long as price has not moved strongly already, probably does not matter much in the long run. (And, in general, prices do tend to move slowly most of the weeks during those early hours anyway).

 

Edit: also, since we are placing pending orders, sometimes I come in a few hours to half a day late, and can still place my pending orders based on the price at week's open.

Forward Test Results 2012

 

*** Last 2012 week updated: week of 24 December 2012 ***

*** Total Weeks in 2012 Tracked: 52 weeks ***

 

 

Weekly pips for USDCAD, EURCHF, GBPJPY, EURJPY, and Total four pairs

 

week of 02/01/12: +90 +00 -17 +80 Total = +153

week of 09/01/12: +20 +00 -07 -90 Total = -077

week of 16/01/12: -10 +00 +90 +90 Total = +170

week of 23/01/12: +90 +00 +90 +90 Total = +270

week of 30/01/12: -07 +00 -90 +90 Total = -007

week of 06/02/12: +00 +00 +90 +90 Total = +180

week of 13/02/12: +00 +00 +90 -90 Total = +000

week of 20/02/12: +05 +00 +90 +90 Total = +185

week of 27/02/12: -37 +00 +90 +90 Total = +143

week of 05/03/12: +90 +00 -90 +90 Total = +090

week of 12/03/12: +00 +00 +90 +90 Total = +180

week of 19/03/12: +14 +00 -90 -90 Total = -166

week of 26/03/12: +00 +00 +90 -90 Total = +000

week of 02/04/12: +00 +00 +90 +90 Total = +180

week of 09/04/12: +00 +00 -90 -90 Total = -180

week of 16/04/12: +18 +00 +90 +90 Total = +198

week of 23/04/12: -50 +00 +00 -30 Total = -080

week of 30/04/12: -53 +00 -90 +80 Total = -063

week of 07/05/12: +00 +00 -90 +00 Total = -090

week of 14/05/12: -90 +00 +90 +90 Total = +090

week of 21/05/12: -22 +00 -90 +90 Total = -022

week of 28/05/12: -90 +00 +90 +90 Total = +090

week of 04/06/12: -90 +00 +90 +90 Total = +090

week of 11/06/12: +70 +00 -90 +90 Total = +070

week of 18/06/12: +70 +00 -90 -90 Total = -140

week of 25/06/12: +90 -90 +90 +90 Total = +180

week of 02/07/12: +90 +00 +50 +90 Total = +230

week of 09/07/12: +00 +00 -90 -30 Total = -120

week of 16/07/12: +00 +00 +00 +50 Total = +050

week of 23/07/12: -15 +00 -90 -90 Total = -195

week of 30/07/12: +00 +00 +90 -90 Total = +000

week of 06/08/12: +00 +00 -90 +35 Total = -055

week of 13/08/12: +00 +00 +90 +90 Total = +180

week of 20/08/12: +00 +00 +00 -90 Total = -090

week of 27/08/12: +00 +00 +00 +00 Total = +000

week of 03/09/12: -02 -02 +90 +90 Total = +176

week of 10/09/12: +10 +00 +90 +90 Total = +190

week of 17/09/12: +20 +00 +90 -90 Total = +020

week of 24/09/12: +00 +00 +02 +20 Total = +022

week of 01/10/12: +40 +00 +90 +90 Total = +220

week of 08/10/12: +00 +00 +90 +90 Total = +180

week of 15/10/12: -35 +00 +90 +90 Total = +145

week of 22/10/12: +00 +00 -90 -90 Total = -180

week of 29/10/12: +00 +00 -90 -70 Total = -160

week of 05/11/12: +00 +00 +90 -90 Total = +000

week of 12/11/12: +00 +00 +90 +90 Total = +180

week of 19/11/12: +00 +00 +90 +90 Total = +180

week of 26/11/12: +00 +00 -90 -90 Total = -180

week of 03/12/12: +00 +70 +00 -10 Total = +060

week of 10/12/12: +00 +00 +90 +90 Total = +180

week of 17/12/12: +07 +00 +90 +90 Total = +187

week of 24/12/12: +00 +00 +90 +90 Total = +180

 

 

Cumulative USDCAD = +193 pips

Cumulative EURCHF = -22 pips

Cumulative GBPJPY = +1198 pips

Cumulative EURJPY = +1030 pips

Cumulative all pairs: +1475 pips

 

 

Average weekly USDCAD = +4 pips

Average weekly EURCHF = +0 pips

Average weekly GBPJPY = +23 pips

Average weekly EURJPY = +28 pips

 

Average combined per week = +55 pips

Average single pair per week = +14 pips

Some currency specific notes

 

USDCAD specific notes:

(1) Although not the strongest performer, but it is the most consistent performer.

(2) So far the longest single losing streak has been 3 weeks, and longest winning streak (ignoring no-trade weeks) has been 4 weeks.

(3) Although I do not suggest using Martingale, But this is the only one in the four currency basket I may consider using such potential high risk loss recovery.

(4) At least from the past 13 months data, it can be traded throughout the year, even on summer or winter holiday months.

 

EURCHF specific notes:

(1) Up until early September 2011, this pair was in fact the most profitable "Run-away" trade currency of 2011.

(2) But after Swiss bank authority announced they were "fixing" CHF to EUR in early September , EURCHF is now changed to "Reversion" type trades.

(3) Will need to monitor this pair closer than the other pairs: if Swiss authority once again let CHF trades freely, then we may need to abandon this pair as a "Reversion" type trade.

(4) Because of this pair's short time period since Swiss bank authority's intervention, there is not enough data to say how profitable this will be in the long run.

 

GBPJPY and EURJPY specific notes:

(1) Both pairs are far stronger performers than USDCAD.

(2) But both pairs are also less consistent, with likely longer streak of winners and losers, with longest losing streak at 5 weeks, and longest winning streak at 8 weeks.

(3) Both pairs suffered worst losing streak during the summer months.

(4) I would recommend either not trade these two pairs during the summer, or to reduce lot size during those months.

Here are the results for the previous 13 months (60 weeks) in pips:

 

UC = USDCAD (for reversal to week's open price)

EC = EURCHF (for reversal to week's open price)

GJ = GBPJPY (for run-away from week's open price)

EJ = EURJPY (for run-away from week's open price)

 

Week of __UC _EC _GJ _EJ

08/11/10 +00 n/a -90 +90

15/11/10 -90 n/a -90 -90

22/11/10 +90 n/a +90 +90

29/11/10 -90 n/a -90 +90

06/12/10 +30 n/a +90 -90

13/12/10 +90 n/a +90 -90

20/12/10 +00 n/a +90 +90

27/12/10 -70 n/a +90 -90

03/01/11 +90 n/a +90 +90

10/01/11 +00 n/a +90 +90

17/01/11 +30 n/a -90 -90

24/01/11 +00 n/a +90 -90

31/01/11 -90 n/a +90 -90

07/02/11 +70 n/a +10 +30

14/02/11 +00 n/a +90 +30

21/02/11 +90 n/a +90 -90

28/02/11 +30 n/a +90 +90

07/03/11 +00 n/a +90 +90

14/03/11 -90 n/a +90 +90

21/03/11 +80 n/a -90 -90

28/03/11 -90 n/a +90 +90

04/04/11 +20 n/a +90 +90

11/04/11 +60 n/a +90 +90

18/04/11 +90 n/a +90 +90

25/04/11 +00 n/a -90 -90

02/05/11 -90 n/a +90 -90

09/05/11 +90 n/a +90 -90

16/05/11 +00 n/a +90 +90

23/05/11 +00 n/a -90 -90

30/05/11 +90 n/a +90 +90

06/06/11 +00 n/a -90 -90

13/06/11 +90 n/a -90 -90

20/06/11 +90 n/a -90 -90

27/06/11 -90 n/a -90 +90

04/07/11 +90 n/a -90 +90

11/07/11 +90 n/a +90 +90

18/07/11 +10 n/a -20 +90

25/07/11 +90 n/a +90 +90

01/08/11 -90 n/a +90 +90

08/08/11 -90 n/a +90 +90

15/08/11 +90 n/a -90 -90

22/08/11 +90 n/a -90 -90

29/08/11 +00 n/a -90 +90

05/09/11 +90 +90 -90 -90

12/09/11 -90 +00 +90 -90

19/09/11 -90 -90 +90 -90

26/09/11 +90 +30 +90 +90

03/10/11 +90 -90 +90 +90

10/10/11 -90 +90 +90 +90

17/10/11 +90 +90 +90 +90

24/10/11 +90 +90 -90 -90

31/10/11 +90 +00 -90 -90

07/11/11 +90 +90 +90 +90

14/11/11 -40 +00 +90 +90

21/11/11 -90 +14 +15 +15

28/11/11 -90 +90 +90 +90

05/12/11 +90 +00 +00 +03

12/12/11 -90 -67 -10 +90

19/12/11 -90 +00 +90 -53

26/12/11 +00 +14 +90 +90

02/01/12 +90 +00 -17 +80

 

60 wks Total 760 351 1705 915

Net all Total 3651 pips

 

60 wks average for USDCAD = 13 pips per week

13 wks average for EURCHF = 21 pips per week

60 wks average for GBPJPY = 28 pips per week

60 wks average for EURJPY = 14 pips per week

 

general average for combined 4 pairs = 76 pips per week

general average for any single pair = 19 pips per week

 

longest losing streak for USDCAD = 3 weeks

longest losing streak for EURCHF = 1 week (not enough data)

longest losing streak for GBPJPY = 5 weeks

longest losing streak for EURJPY = 3 weeks

 

longest winning streak for USDCAD = 4 weeks

longest winning streak for EURCHF = 5 weeks (not enough data)

longest winning streak for GBPJPY = 8 weeks

longest winning streak for EURJPY = 7 weeks

 

Please note that EURCHF only has 17 weeks of data here, I started counting EURCHF from the week that its trading behavior did a 180 degree turn after Swiss bank intervention in early September.

Background: I have noticed that specific currencies, within a single week, after price moved away from the week's open, will likely to either

(a) "revert back to the week's open price" at least once;

(b) or "run-away even further from the week's open price."

 

So here is my work-in-progress trading idea:

(a) 1st group applied to two currenncy pairs who like to "revert", and

(b) 2nd group are two currency pairs who like to "run-away":

 

"Reversion" Trade Pairs: USDCAD, EURCHF

"Run-away" Trade Pairs: GBPJPY, EURJPY

 

"Reversion" Trade Rules:

(1) At start of week, place pending sell order (sell limit order) 90 pips above week's open price

(2) at the same time as (1), place pending buy order (buy limit order) 90 pips below the week's open price

(3) Set take profit at 90 pips

(4) Set stop loss at 90 pips

(5) On each currency, if one pending order is triggered, then cancel the opposite one (or you can use OCO order if your broker offers it)

(6) Before end of week, close all active orders, and cancel all pending orders

 

"Run-away" Trade Rules:

(1) At start of week, place pending buy order (buy stop order) 90 pips above week's open price

(2) at the same time as (1), place pending sell order (sell stop order) 90 pips below the week's open price

(3) Set take profit at 90 pips

(4) Set stop loss at 90 pips

(5) On each currency, if one pending order is triggered, then cancel the opposite one (or you can use OCO order if your broker offers it)

(6) Before end of week, close all active orders, and cancel all pending orders

 

Weekly start time and end time:

Although we probably do not need precise weekly start time or end time. But for the purpose of consistency, I have been using:

(1) Sunday 9 pm New York time price as the week's open price, and

(2) Friday 3 pm New York time for end of week.

 

Advantages of this trading idea:

(1) Very low time requirement

(2) No indicator or chart reading required

(3) Purely mechanical

(4) Can be mostly set-and-forget

(5) Somewhat balanced risk exposure to individual currency: Of the currencies involved (USD, CAD, EUR, CHF, GBP, JPY), only EUR and JPY have double risk exposure

(6) Somewhat balanced risk exposure to overall market behavior at the time (for example, if overall market favors strong trend, then at least the "Run-away" trades will shine. Likewise if market is mostly ranging, then the "reversion" trades will shine.)

(7) In my back test, each individual currency pair is profitable trading on its own. The "synergy" of trading all four pairs together seem to smooth out the equity curve somewhat.

 

Disadvantages of this trading idea:

(1) Very slow equity line growth (NOT a grow-rich-quick method)

(2) Probably more suitable as a supplementary method, and less suitable as a main trading method.

(3) Can have long losing streak, especially during the summer months for the "Run-away" trading pairs.

 

Final notes:

The reason I call this an "idea" (as opposed to "method" or "system"), and the reason I call this "work-in-progress", is I believe this still has much room for improvements. There are so many variables that can be further fine-tuned, like currency pairs used, level of target profit, level of stop loss, method of taking profit (use trailing stop? partial profit at 50%?), etc. So any suggestions for improvements are welcomed from friends here at II.

 

Note on Money Management:

Although I am trading this live; if anyone here is going to put real money in this, I would ALWAYS recommend (a) do your own due diligence first to see if this is truly your style of trading, and (b) maintain good money management. For example, anyone using Martingale for the JPY pairs will likely see their account wipe out. I know I am probably preaching to the choir, but just in case any new trader is reading this. ALWAYS have caution where money management is concerned.

The charts do look interesting. But he did not explain how they differ from renko chart, or from constant range bar chart.

 

I notice the guy's name (DC B0nta) from a few years back. At the time, he ran a site called fxnationlive (which no longer exists), and I remember signing up with some free signal service of his. Unfortunately, his signals were not profitable; furthermore, he was very aggressive in marketing his non-free products (e.g. constant emails promoting his stuff). I can't remember the names of any of his old products now. Needless to say, given his poor performance on his signals, and his aggressive marketing, I did not make any purchase from him, and I quickly unsubscribed and have pretty much forgotten about him. Until now.

 

I hope his trading has improved. And I hope his product is now better. But given my somewhat less-than-impressed experience with him couple of years ago, I would approach his products and offerings with caution.

 

Of course, will still try it out if anyone shares.

His youTube daily reviews have shown his method doing better than 50% or 60% win ratio. (Even without counting every trade he considered a winner, I still tracked around 70% to 85% win ratio). Which is not bad.

 

The biggest problem I see for this method, is that experience and subjective judgement are needed for some entries. Although some entries are very obvious, like price bouncing from a solid pivot line or whole number lines. But many of his "winning" trades take bounce back from previous candle highs/lows, or from manually-drawn trend lines. These can be somewhat subjective.

 

But if you are willing to take fewer but obvious trades, I do believe the win rate is very favorable.

 

edit: until or unless he makes his review videos password protected, anyone can still watch them at the author's channel:

http://www.youtube.c0m/user/SuperSn@ger

(change "c0m" to "com"; "@" to "a")

Anyone is willing to buy it for $10 and share? :)

 

http://www.fxsoftwares.com/shop/ultimate-forex-formula/

 

I believe grisleback already shared the full package in post #4 .

Thanks for the share grisleback.

 

The Hit and Run seems better than the ScalperX.

 

Be careful if anyone wants to trade with the ScalperX. Many of the ScalperX ebook examples are actually "before" the stoch had changed into the correct slope, so his example trades are off by a few candles.

 

The good thing is Scalper trade signal indicator is correct to his rules. But at least for yesterday on the EU, there were many losses. There were about 4 losses to every 1 win: the losses from 15 to 25 pips, while the win I saw was about 5 to 6 pips. Nowhere near the claimed 90% win rate.

 

Actually, at least for yesterday, it could be very profitable if we "reverse" trade the signal?

 

The Hit and Run long term method seems solid. It is the time-tested method, of trading into the longer term trend after a minor pull-back or consolidation. Note there is still subjective analysis involved (like drawing the correct trendline, etc.) So it is not a purely mechanical method.

Payment by auction?! And most recent least amount winning bid was well over $1000. Although there were random draw winners at $1 too. It is off the market now according to this page:

 

http://expert-4x.c0m/auction-results-for-the-forex-market-pivot-plus-trading-technique

I think he only claims market makers can see the orders and play their games, but never said he himself has access to actual bank orders. He probably looks for some sort of price behavior around major support/resistance areas for likely stop-hunt then reversal type pattern. And do so around likely times in each day, such as around London open. (I am thinking about something like the S.M. Market Maders' approach to trading the London morning reversal). But I can be wrong.

http://www.g@[email protected]/

 

I know some people claims this guy J@mes DeWet is a marketer/scammer, but there are also people who claims his stuff works. A friend sent me the above link and asked my opinion about it. I answered I couldn't make any opinion without at least seeing the method first.

 

Does anyone have any news or idea about this one?

The author also has a youtube channel, where he intends to do daily review (the first review is already up), so you can compare your chart set-up, as well as your results, with his:

http://www.youtube.c0m/user/SuperSn@ger

(again, change "c0m" to "com"; "@" to "a")

 

edit: he has sold other systems in the past, so he has review videos for other systems too, but you can easily tell from the video's title which one is which.

How come my MT4 crash after install the indi and the template?

 

Try the method the author mentioned in his installation video. Especially for Windows 7 (or vista) users, creating a separate Metatrader Folder and a fresh MT4 installation, seems to fix many MT4 indicators problems. I have found fresh MT4 instal frequently solve my problems in the past. Perhaps it will solve yours too.

 

My version is working fine on my computer as downloaded, and it does NOT seem resource intensive (but I do have a fast computer). And also no, the indis do not need to be educated.

all of the link dead again

 

I think you'll be wasting your time on this. But if you still want to check this out, here are all four files in one zip file:

http://www.megaupload.com/?d=KXKV2DBG

 

Edit: I think you'll be better off with looking up the true classic Kagi method, than this repackaged non-Kagi so-called Kagi system. I am not familiar with the true Kagi method myself, but I think it has more potential than this one being sold.

Seems interesting. From its main site:

 

http://[email protected]/

(remember to change @ to a)

 

It seems the software will require monthly subscription of $249. Not sure if it can be educated though.

Thanks soundfx for the share.

 

Is anyone having success with this? I like the idea of only checking the charts only 3 times a day.

 

But from what I understand of the version 2 method, I manually looked back on every 8 hours bar on eurusd for the 2 months of August and September, and following his recommended stages of take-profit and stop loss. For at least eurusd which I back-checked, it was always in negative. Even after a few good trades, the losses far outweigh the profits.

 

I have not done the same to the other currency pairs yet. As it is very time-consuming.

 

Is anyone having a better experience? If so, may I ask which currency pairs you trade? Or did you add any twists or filters?

This seems rather interesting. I was tempted enough to want to buy it so I gave it a more detailed reading (kind of like my own due diligence).

 

But then I did find a few things that concern me after going through his sales page and the youTube video:

 

(1) His screen shots of profitable trades, count the pips from the absolute high/low of the signal candle to the absolute high/low of the exit candle. Somehow I doubt those were his real trading pip profits. For entry, if I assume I enter the trades either at the close of the signal candle, or sometimes during the candle, that will cut down a lot of his claimed pips profit, especially some of those candles were very long candles. Also, we all know we cannot exit at the exact pip of the top/bottom of each move, so I think his claimed exit points of those trades, and therefore his claimed pips profits in those screen shots, are (quite) exaggerated.

 

(2) (From the screen shot of the popup alert entry and stop levels), it seems all trades have stop loss over 100 pips, even on the M5 chart. In the video, the trader only went for 10 to 15 pips profit per trade. That suggests to me a (100+ pip) / (10+ pips) risk / reward ratio. Or a 10:1 risk:reward ratio. That seems very high. Because for every 1 full loss, I will need approx. 10 winning trades to just break-even. In his own words he says "It is absolutely possible to have 9 or even 10 winning trades out of 10", but we must have at least over 9 out of 10 winning trades in the long run to break above even.

 

(3) The sales page indicates the product is the exact same method he uses in his past coaching seminars. But I cannot find any substantial or positive reviews through google search about his past customers' experience anywhere.

 

(4) The youTube video channel seems to have stopped uploading after about 1 week of trading. And of those video uploads, only the very first one shows live trading. The other videos only show the profits for the day. So I cannot be sure if the profits are from this method. And I also worry why did the reviewer stop uploading? Was he/she too busy spending the profits from this method, or did he/she finally hit one of those 100+ pips stop loss, and called it quit?

 

Of course my cynicism and doubts can be totally wrong, and this could be absolutely the most profitable method. But for me at least, the above 4 doubts in my mind are enough to make me to hold on to my wallet for the moment.

That has to be the funniest "Guarantee" statement I have read. And also remember, you need to use it for a "lifetime" of use first before emailing him. So, after your "lifetime" is over, your widow, or next of kin, can email him and ask for your money back. And of course, by then, "You won't get it." Because you are beyond the living?? LOL

any one know HOW TO USE FLUX INDICATORS in MT4 FOR *FUTURE PREDICTION* ?

indicator displays data for previous candles BUT does NOT PREDICT FUTURE MOVEMENTS !

 

* checkout screenshot.. *

( there is NO FUTURE PREDICTION )

 

http://img14.imageshack.us/img14/1711/screenshot001or.png

 

( Server Timing is *GMT DST ON* )

 

 

Indicator i am using currently is * FluxCapacitor_v1 *

Checkout Screenshot below for more info about it..

 

http://img202.imageshack.us/img202/214/screenshot002mi.png

 

can somebody help please.....pls.....

 

I TRIED EVERYTHING that has been posted through forums to get future prediction but there was NO RESULT of FUTURE PREDICTION USING *FluxCapacitor_v1* MT4 indicator.

 

P.S. If you can connect me via any Remote Connection software like TeamViewer, ShowMyPC etc. and solve problem Remotely then it would be greatful. Thanks in advance !

 

Although I do not use this indicator, but from reading some of the previous posts, you need to scroll back 7 days (or 5 trading days) in the flux chart, and see where there is a vertical green line (you can see it on your screen shot at the bottom left of your chart). And use that vertical green line as if it is your current time; so the bright lime green and bright pink histograms to the right of the vertical green line, is your "prediction".

 

Also, unrelated to your question directly, I think the suggested timeframe for the flux indicator is on M1.

I hope this is the indicator you guys/gals are looking for:

 

http://mir.cr/LEOUTTRR