Evaluation: THE BUY ZONE FOR DUMMIES

newdigital · #1 (**permalink**) 01-14-2008, 06:11 AM

It is evaluation thread for this indicator http://www.forex-tsd.com/commercial-...umpledone.html
As I understand it is commercial add-ons for public indicator (by same author - TheRumpledOne). He coded many indicators for some threads of our forum with mql4 codes posted and it is just his commercial thread http://www.forex-tsd.com/commercial-...umpledone.html about add-ons only.
Public versions with the discussion are on this thread THE BUY ZONE - TheRumpledOne

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

cmartin371 · #3 (**permalink**) 01-16-2008, 12:48 AM

Quote:

Originally Posted by iGoR

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

Do you read before you post? Seriously you are amazing sometimes. Stop wasting your time and focus on your own threads.

TheRumpledOne · #4 (**permalink**) 01-16-2008, 01:57 AM

Igor:

Let me see if I can help you.

First the rules:

THE BUY ZONE RULES:

The long zone is the Open Price + .0003 and +.0004.

The short zone is the Open Price - .0003 and -.0004.

For the USDJPY use .03/.04 instead.

Go long on green (bull) candle in the long zone and short on red (bear) candle in short zone.

I reset the Buy Zone at the start of the hour.

Or you can use the London, New York and Sydney open prices.

SL is 5 to 7 pips.

TP is whatever you can get before it goes against you.

---------------------------------------------------------------

1) Clearly defined ENTRY TRIGGER

2) Clearly defined STOP LOSS

3) Profit taking is discretionary.

---------------------------------------------------------------

I posted my other indicators in this thread because it seems like if I post them anyplace else on FOREX-TSD I am being attacked.

Traders may find those other indicators useful. Especially new traders who do not know how to program.

If you don't know the value of looking at the LONGER TERM or BIGGER PICTURE while scalp trading, then we are not on the same wavelength.

Other programmers may want to see how I do what I do with the code and use it, modify it and/or enhance it.

There are some good programmers on this site and I look forward to learning from them. Perhaps they'll learn a trick or 2 about me.

As far as proving the Buy Zone works, all you have to do is visit my FREE Chat | Chat Rooms | Paltalk chatroom the TWO PERCENT CLUB and you can hear us trading live everyday.

And, in case you missed it, the indicators are NOT FOR SALE. Most are posted and a few are not. But they are all FREE.

The way I have been welcomed and received by the MT4 makes me reluctant to post any more code. There are plenty of people who appreciate and support my efforts. Those are the people I will attempt to please. I am no longer going to waste my time on the naysayers.

Igor, if you have any questions, please do not hesitate to ask them in a civilized manner.

metastock · #5 (**permalink**) 01-16-2008, 10:42 AM

Quote:

Originally Posted by ahmedazizelias

what is that?is this the DUMMY VERSION?

Where I can find dummy version? I try to:

kreslik.com - Traders Community :: View topic - BUY ZONE FOR DUMMIES INDICATOR

but I didn't find it......

TheRumpledOne · #6 (**permalink**) 01-16-2008, 05:50 PM

Quote:

Originally Posted by metastock

Where I can find dummy version? I try to:

kreslik.com - Traders Community :: View topic - BUY ZONE FOR DUMMIES INDICATOR

but I didn't find it......

Look in the commercial section of Forex-TSD

Turhovach · #7 (**permalink**) 01-16-2008, 06:50 PM

"What part don't you understand?"

Your definition of the word "free" LOL!!!

You are so full of it. And a bunch of these newbies just eat it up.

Later dude. Won't be wasting any more of my time with you. Have a great life...

Turhovach · #8 (**permalink**) 01-16-2008, 06:52 PM

Quote:

Originally Posted by metastock

Where I can find dummy version? I try to:

kreslik.com - Traders Community :: View topic - BUY ZONE FOR DUMMIES INDICATOR

but I didn't find it......

You can't. Regardless of what he says. His definition of availablity and "free" is this -- "you give me $50.00 to $1000.00 and I will give you the indicator for free."

ROFLMAO

metastock · #9 (**permalink**) 01-16-2008, 07:10 PM

Quote:

Originally Posted by Turhovach

You can't. Regardless of what he says. His definition of availablity and "free" is this -- "you give me $50.00 to $1000.00 and I will give you the indicator for free."

ROFLMAO

Maybe FREE to pay.........

mp6140 · #10 (**permalink**) 01-16-2008, 07:16 PM

NOPE, the free version is free, the paid version is donations, and while Im certain Avery would love $1000 for his efforts, Im sure the price hasnt been bid up to there yet !! (lol)

as he has said, the free version is all you need, but if you want all the "optional extras" like the automatic headlite dimmer, air conditioning, heated leather seats, "trophy" girl friend seat covers and power windows, then you pay for the "optional extras", even though it dont make the car faster, handle better or get better gas mileage !

at least, thats what everyone else reads into what hes doing, except you !

enjoy and read better !

mp

Quote:

Originally Posted by Turhovach

You can't. Regardless of what he says. His definition of availablity and "free" is this -- "you give me $50.00 to $1000.00 and I will give you the indicator for free."

ROFLMAO

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