According to my experience, by referring to the screenshot Ferru posted, I've added a MACD and Stochastics standard indicator on the chart on the 7th March, 2008, on the same GBPUSD M15 time frame. I can see what does this indicator does. Honestly, the display console, or somebody use the term as HUD, Ferru did a nice job. Its easy to observe on the hud instead of reading the indicator. When you're seeing the MACD crossing upward all the way, at the same time, if there is a retracement happened, you'lll find that Stochastic has a opposite signal. Right after the retracement, your stochastics will bounce back from the bottom again. This should be the time you refer to the hud, whether both indicator are in green and the little arrow pointing upward in order to take the buy position. According to the chart Ferru posted, you should have made 40pips right after the next hour.

I dont like people selling so called profitable indicator/EA, but Ferru did gave the true statement about his indicator. So, I may say he's only selling the "HUD"/"DISPLAY CONSOLE" for your convenient of reading indicator, instead of selling you a money making indicator(atleast he's not claiming that in TSD). If you have a system that work and needed it to code into simple visual aided mode, I personally think this is a good choice. Keep it up Ferru.

Regards

David

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Good observation, in general not particular to FerruFx inidcator :

if you stack more than one indicator to get a signal or you used muti time frame indicators you will end up with a late signal.

that is in general

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We can only hope that ES's original question regarding the value of this "indicator" will generate more responses from folks who have tried it and have found a consistently profitable way to apply it and are willing to share their experiences. Otherwise it represents a beautiful display that may be a bit unwieldy to really use.

It is clear that a lot of thought and work went into this and the author is certainly not charging an unreasonable price. The legitimate question really is: can this be used in my arsenal of trading tools to increase my profits. The answer is likely to be different for everyone based upon their trading circumstances, experience and needs.

SaintMo,

Sorry for the late reply. I think Davidke20 has answered exactly what I answered myself. Thanks Davidke20!

Originaly this indicator was coded to give confirmation in your OWN trading style. It's originaly not a standalone indicator.

To answer to your "the author provides little specific advice on how to use": I always answered request info by mail. We had a conversation about 20 mails, and the last one with a Thank you for the help. It seems that it was helpfull.

A lot of info was also posted here and in the other thread with screenshot and how to use.

Anyway, thanks for your interest and feedback.

FerruFx

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Thanks David for your post. Very much appreciated your kind words.

I was enable to post on the forum for about 2 hours. I was banned by error!

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were is it?
can we have it

FerruFx,

No need to apologize for a late reply. If you follow the thread further you will see that I was merely responding as honestly as I could to a request for whether anyone was using this indicator. I stand by my response because it represents my experience with it. I hope others that have used it will respond with how they use it --and I mean the reality of using it not the theory of using it.

And I agree that you responded promptly to all emails. (You will notice that I said you did not provide "specific advice".) You provided a generic approach on how to use. And even though we exchanged several emails only once did I request/complain about needing more specific usage info. To that you provided some additional info. I am not suggesting you are holding back info. No doubt you provided what you had. I had just hoped that as the developer of the indicator you may have had additional and specific approaches, targets, pairs, TF's, etc. I was wrong and may have originally misunderstood the limitations of the indicator.

I am not trying to slam this indicator. If you review my posts I hope you will see that. It is always tricky providing an honest assessment of any system within an open forum and I have tried to provide balance. I think what you have done is incredible. Few would be able to do it. But I have found that, as of yet, I can't find what I believe to be a consistently profitable approach for using for it. I wish it were different and again I hope other users will post with their experience.

saintmo

Yes you can ... just click on my signature.

Thanks for your interest.

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There's no specific pairs/TFs because it is designed to confirm your OWN trading style. It can be use on any TF and any pairs (the 19 pairs of the list provided). Targets are the one of your manual trading system.

I am not selling a system that make money but a tool which help you to get more confidence in YOUR entry point.

Hope that helps.

FerruFx

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how can i buy this