Forex Freeway Indicator?

Has anyone ever heard of The Forex Freeway Indicator? It looks like the same idea as a system called Money Map FX. It shows a clear path or congestion on 4 different time frames... I think kthe first is 1 min, second is 5min, 3rd lane is 15 min, and 4th lane is 60 min.
It is based on Fibonacci.

Here is a site you can check out to describe it a bit.

If anyone knows how to use this indicator please post instructions here.

Thanks!

Bagovino

Here's the website with explanations:

http://www.traderhousedemo.com/gridt...ebinarNews.htm

Bago

Hello Bago
Freeway system works on CCI indicator, not fibos. Supposedly: buy when cci>0 on all 4 time frames, sell when cci<0 on all 4 TFs. Found that alerts come even if three only TFs show cci conditions true. Like any system it does not work well in all market conditions.

No single system works on all market conditions. U gotta have a method to determine the market condition and direction. Then u gotta have a number of strategies and choose one strategy that works successfully in that market condition.

Market condition can be only be one of the three:
1. trending up
2. trending down
3. moving 'sideways' in a range

U can trade all these conditions as long as the price moves are equal to or more than 'spread+ x pip' (x needs to be more than 1 and can be as high around a few thousand pips in very long trades running for a few months)

How successfully can u anticipate a spread+3pip move? spread+5ips move?
spread+10...+20..+50..+100 etc. Use indicators or any method. Trade the pip move u are most successful with. Manage your risk with stoploss (usual 2% or less of you account) and u are in business

Regards
fausp

Hello thank for provision hope something good come out of it, actually looking for good indicator for binary hope some one help plz.


cheers

Doesn't compile, doesn't work.

Compiles OK using b509 compiler; otherwise check this out.

Thanks for the compiled version, it works perfect.