Thanks so much Porsche.

Actually this thread can turn into something useful for all of us.

I usually do not use oscillators in my trading but I was just reading "Stock and Commodities", when I saw an ad for a trading system that is supposed to be very profitable. It is also in the readers top ten.

The site is http://www.winningedgesystem.com/

This guy however sells his system for thousands of dollars!

I thought that there must be a similar indicator here in MT4. I thought also that it would be nice to discuss the idea behind the system to come up with new trading ideas.

Personally I do not use any particular indicator, just simple old trendlines and sup, res. What I do is to try to trade the "risk", not try to forecast the price. So far I try to average 1.5% per day, with risk/reward = 1:1 and success above 60%. To put it more simply I am trying to make 13 pips per day that's it. Just put 1.5% growth in your excell and you will see why.

So this oscillator might be good if you think in terms of probabilities.

Thanks