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Con Man Philosophy
Hi everybody,
What is the philosophy behind my Con Man indicator?
Well ,basically the same philosophy that a professional black jack player uses when counting the remaining High/Low cards before deciding about betting and size of bet...WE WANT TO STACK THE PROBABILITIES IN OUR FAVOUR.
How?
A pro bjack player knows,by counting,the approx probability of a high card coming..
We will know,by using my indicator ,the approx probability of an uptrend/downtrend coming.
I do not believe in prediction,I basically just trade the slope of the 4H SATL(WITH SEVERAL VARIATIONS),which is how I define a trend..but I have found that having a predictive indicator,that gives me the "stacking of the deck"/probability of up/downtrend..with approx 85% accuracy,helps me in refining my position size and take profit strategies for a particular period.
So,if my predictive Con Man indicator tells me that we are in a potential downtrend..and the slope of the SATL is up..I will be long,but my position size will be aprox half the normal one,and I will go for 30/50 pips fast profits,avoiding keeping an open position overnight.
Conversely if Con Man tells me downtrend,and SATL slope is down,I will double my usual position,Take profit 50 pips on only half a position,adding new positions as soon as feasible,with the aim of riding a downtrend in size.
The Simba Con Man indicator is an "INVERTED COMPOSITE CYCLE" indicator on the daily timeframe that tells me with approx 85%probability if we can expect to be in a down/uptrend during the next month or 2.
INVERTED CYCLE means that when the indicator slope goes up,prices-probably-go down and viceversa.
COMPOSITE means that the indicator is composed of several cycles
I used several programs to discover,add and refine the Cycles:Cycletrends,Mesa,Digital filter generator.
I based my job on the teachings of JM HURST and JOHN EHLERS
This is the only indicator that I created entirely on my own,without "legoing" the work of others...to create it in MT4 version I used the digital filter generator,posted(thanks again) by Newdigital.
All the cycles included in the composite have extremely high Bartels(90+),so,the probabilty of them being "fake" cycles is minimal.
Take a look at the pics,they cover the past 3.5 years..if you like them,I will post the .ex4 for you to use
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