but who are you ?
are you talking with me ? why?
are you gody6000 ? with many different nick
uao very surprised
ciao caro

for you winphil ex4 file

Attached Files

[V03]ABHAFXS.ex4 (9.4 KB, 274 views)

So you show a losing trade ?

Noone here said this indi was perfect (otherwise everyone shoulld allready be millionaire)

I notice this kind a fatal breakout but this is no surprise.

The backtest i did show that there is a potential so you have two ways : test it for real or ignore it but do not say by default that it sucks.

As i said in my first post, i was suspicious but even if it fails horribly from time to time, it is most of the time accurate.

back at home ....ok..the way i use this indicator is by looking at S&R..i'm not looking at the buy limit/sell limit instruction..and i dont care...but the author of this indicator is drawing line for S&R perfectly..

example..gj..H1 and H4...it look's like gj price is moving beyond the 2nd magenta line..but it's ok...because what i'm looking for is 2nd magenta line at H4...H1 will be the 1st resistance...if the price manage to break it ..h4 will be waiting..but if h1 fail to pass through the 2nd margenta line..divergence will be formed ..let see what happen.

Attached Images

abha2.JPG (213.5 KB, 1688 views)

Today I got 200 pips with this system.
These people have very good reputation, and not mislead anyone.
People who do not want to know everything traded echo, you must undergo before receiving.

Thank you!

the indicator is made from COG indicator.
put COG on your chart, with settings: bars back= 85 and m= 1 and you will get TP line (intesects in the middle).
Except with angle according to the trend.(COG is ploted in angle, same way as linear regression lines are). Play with kstd (standard deviation) and you will get the support and resistance lines.

Or you do it the simple way ale plot on the chart linear regretion channel with length of 85 bars.

COG with m=1 is simple regression channel, "m" means number of curves of this indicator - polygonal channels.

Trading with COG is very succesfull in ranging market, but in trending market it will beat you, if you are not going with the trend direction.
Traders with COG have usualy very high profit trades ratio, but they are usually trading with very high stoploss (sometimes even without any)!

This indicator is great except it repaints again. So it will not be good for trading.

winphil,

Go to Welcome to Winrar or google for it. Download the software then you will be able to extract from the .rar file. Its zipped up incase you didn't know

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This indicator works on the premise that there is usually a 50% retracement to a move...since it measures last 85 bars or whatever # of bars you choose 1.It will repaint 2.It might not catch the latest move 3. It might catch part of the move....using trendline with stochastic or MACD measuring the end of the move and then playing the 50% retracement will be more comfortable and probably more precise...(50% retracements doesn't happen all the time)...

Would you mind posting the details of your trade ?

I'm still confuse with the system's explanation, maybe the author can explain clearly. Thanks.