Forex Trading - View Single Post

iGoR · #2 (**permalink**) 01-15-2008, 10:20 PM

Some of you will say there he goes again but I feel the need to react on this topic because it is in the commercial section so money is asked and value should be given.

What is the value of what is presented ?...
I red in the public topic of TRO that his system is simple and straight forworth. No bells and flag and unnesescary crap.
If I look to the charts all over this topic then I see a chart on a 5min! base that contains an indicator that has information about 15min, 1H, 4H, Daily, weekly, montly 'trend'.

About value: what is the value of me asking the temparture of the sea water in thailand if I go on holiday to the bahamas?
What is the value of asking someone the price of a Big Mac when I'm having a nice dinner in a japanese restaurant?
What is the value of asking how much a VW golf is consuming when I am on the point of buying a porsche ?

There is no value at all in looking to an indicator that shows me the trend on 6 time frames that are bigger then the one I'm trading of!

About the system itself.
The way TRO is presenting this reminds me of the catfx50 system.
Every day Nina posted the so called maximum amount of pips that someone could make if he exited at the perfect moment.
1 year later people realize that it does not work like this. A system without a real exit strategy is a discretionary system.

If the author of this topic would post every time a chart when the system would have made profit based on clear rules it would be worth paying for this.

But the only conclusion I can make is that one can take a MA12 (that covers the information a 1H chart) and place an 7 pip channel around it and go long if you break out above the channel and go short on a breakout to the downside.
And if you look to every possible moment where the price is at its maximum amount of pips you have the very same happy feeling about it.

This is an indicator that you will watch for a couple of days maybe weeks and then it will go to your "forget-about-section".

Unless the author comes up with a serious entry and exit strategy and only talks and proof the profits that are made on a daily base and this over a longer period of time. And not show the charts of pairs that are making money at that moment.
Or he chooses some pairs and show the results always on these same pairs and every day.

I don't understnad that New Digital placed this topic emmidiatly in the commercial section before a real evaluation in the evaluation section took place..
Even If if the author has helped to contribute to this forum in the past.

Each person should be treated in the same way.
If you want to go to the commercial section FIRST the evaluation section. No way to enter the commercial section before a thoroughly investigation.
Some people can enter here emmidiatly and some people need to stay for days or weeks in the evaluation section.

If based on what is posted that this would be a very obvious discission then one would still say OK but this topic is only supporting TRO making a few quick 50$ based on 2 x times nothing.
Igorad has develloped many many indicators that are far more usefull then this indicator and this 100% for free.

I stand behind the fact that one should pay for qualtiy. But I reject earning money by selling wind or frigarators to eskimos.

Regards..iGoR

PS. For each one of you that are interested in buying this indicator, ask the author of this topic to show you a chart on the USDJPY 5min chart on the 11th of january and ask him what his profits were according a well deffined exit strategy.
PS2. Before you make a posting to deffend TRO against me, explain how you are going to use the information of the bull and bear power indicator and the RSI on a 1h 4h, daily weekly and monthly chart to enter a trade on a 5 min chart ! The chart looks like a nice X-mass tree nothing more nothing less. All that information has nothing to do with an entry signal. So you pay for something that you don't need. You pay for the package but not for the content