Hi ContraTrader,
Could you please post 2 charts with your indicator on it on the
eur/usd between the 1st and the 18th of december 2008 and on the
gbp/jpy between the 7 aug 2008 and 4 sept 2008
like the periods you see on my chart ?...
The reason for asking me is that sites who sell trend following indicators have the tendency to show only images of beautifull trend but where nearly every trend following indicator would perform well. But they do not show any images how the indicator would perform in ranging markets. So one can not see how it would act in "BAD" periods. Once the indicator bought and you place on a chart one sees that this particular indicator has no real edge over any other indicator.
So before buying your indicator it would be nice to see how your indicator performs in so called "bad" periods for that indicator. Meaning nice trending markets. Because it is of no use to see the profit that one makes in ranging markets is given all back again in the trending markets where one could have again 10 consecutive losing trades. As up till now there is still no indicator found (and probably will never be found) that can tell you without any lag that one would be in a trending market or a ranging market. So when to use your indicator or a trend following indicator.
I hope you understand that a serious trader does not want to know where an indicator would perform very well but is more interested in where an indicator can cause a lot of problems.
Trading is not about making money in good market conditions but is about surviving in bad market conditions
TNX in advance for you help.
regards...iGoR
