The forecaster indi is based on a probability calculation using divergence, so it is not just showing what happened, but also suggesting what might happen.
I tried using it a while back but didn't understand how it worked and am revisiting it with a little more understanding behind me of probability.
Traders complain that it repaints.
That is missing the point with this indi.
It is based on probability and not every signal will be good.
So it may give a signal and then the signal disappears.
The effect of this is that there are very small losses.
But the gains are very, very significant for the good signals.
But that is the case with any trading, some signals will be bad.
So the repainting is of no concern.
The predictive nature of the forecaster gives a real winning edge.
It is not just what happened but what is likely to happen.
It is unique in that respect.
So with that said.
The trades couldn't be easier:
Enter when a fresh bar on the histogram appears
Long up,
Short down
Exit when the histogram goes blank or reverses whichever comes first.
No need to wait for the candle to close to enter.
Enter every signal.
Remain disciplined in the strategy.
Active markets are always preferable, spreads are smaller and there is more movement.
Let's make some money...
Am attaching a program for simulated trading.
I tried using it a while back but didn't understand how it worked and am revisiting it with a little more understanding behind me of probability.
Traders complain that it repaints.
That is missing the point with this indi.
It is based on probability and not every signal will be good.
So it may give a signal and then the signal disappears.
The effect of this is that there are very small losses.
But the gains are very, very significant for the good signals.
But that is the case with any trading, some signals will be bad.
So the repainting is of no concern.
The predictive nature of the forecaster gives a real winning edge.
It is not just what happened but what is likely to happen.
It is unique in that respect.
So with that said.
The trades couldn't be easier:
Enter when a fresh bar on the histogram appears
Long up,
Short down
Exit when the histogram goes blank or reverses whichever comes first.
No need to wait for the candle to close to enter.
Enter every signal.
Remain disciplined in the strategy.
Active markets are always preferable, spreads are smaller and there is more movement.
Let's make some money...
Am attaching a program for simulated trading.
Attached File(s)
FXForecaster.mq4
22 KB
|
1,589 downloads
forecaster.tpl
54 KB
|
1,075 downloads
Training2.mq4
15 KB
|
1,181 downloads