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Behavioral Forex


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I test it already for 3 weeks on demo and it is pretty accurate! Good job. Just added a few indicators like BB and Jerca Points.

Behaves very good. Ha, ha, ha...

Hermes

 

Thanks Hermes, BB's are a great addition to give some idea of potential reversal points. Only I'm using SEFC 10 instead of Jerca.

Edited by newbie111
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I'm a lazy boy, so I didn't read the pfd carefully

But one thing comes into my mind regarding the Behavioral Bias

The way it's calculated is a result of the survey the author made

But doesn't that assume that the majority of the retail traders is mostly right with their entries?

Edited by iwjw
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I test it already for 3 weeks on demo and it is pretty accurate! Good job. Just added a few indicators like BB and Jerca Points.

Behaves very good. Ha, ha, ha...

Hermes

 

Hi Hermes,

 

thanks for the info but why a BB for reversals? Do you mean pullbacks? Have you tried with pivot breaks or something like that seeing it is in a way a strength indicator?

 

Thanks, MB

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I didn't say BB for reversals? Newbie did ask him. BB alone is not a good indication of reversals because the price can pierce the band for weeks and still not reversing! Best reversals are oscillators like STOCH, RSI, CCI, Support & Resistance, Fibs or Pivot indicators, especially divergences on it. I made a typo on the Jerca, it is a pivot not points indicator. A very good one.

Cheers Hermes

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Please tell me, which indis, and how do you incorporate the indis that you've added on your chart to get such good results for the last 3 weeks? I'm interested in learning as much as I can in order to make the best of this system. Maybe with a screenshot please, if you don't mind. Edited by newbie111
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