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Supply and Demand Trading Using Automated Indicator

  • #341
  • Feb 13, 2020 5:49am Feb 13, 2020 5:49am
Quoting JereAlfonso
Hello, sir. If you dont mind, can you show the 1H GBPUSD chart from the beginning of February with this tool? I just want to compare it with other views. Thank u for your kindness.
I sent you 9 screenshots that i took from strategy tester...I hope it will be useful to make your comparisons

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  • #342
  • Feb 13, 2020 8:06am Feb 13, 2020 8:06am
Wow. Awesome. Thanks, man. All i need is to see this area. And ur tools identify it nicely. Appreciate. I think i really need this tools.
Anyway, have u ever try the AutoUFOs indicator in tradingview? It detects the unfilled order area, just like yours. What do you think about that indicator?
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  • #343
  • Edited 9:01am Feb 13, 2020 8:34am | Edited 9:01am
So here is my opinion. I looked at your supply and demand indicator on mql5. I like how simple it is compared to other supply and demand indicators that are bloated with unnecessary features.

My complaint is your price tag. It seems unreasonable. There are free supply and demand indicators similar to yours. How do you justify charging so much for your indicator? What makes it so special compared to other indicators of this kind?
Learn from your mistakes and march on.
  • #344
  • Feb 13, 2020 11:23am Feb 13, 2020 11:23am
Quoting here2there
So here is my opinion. I looked at your supply and demand indicator on mql5. I like how simple it is compared to other supply and demand indicators that are bloated with unnecessary features. My complaint is your price tag. It seems unreasonable. There are free supply and demand indicators similar to yours. How do you justify charging so much for your indicator? What makes it so special compared to other indicators of this kind?
Do the same on GPBUSD 1hr using the free indicator and please tell me if you see the same zones....
  • #345
  • Feb 13, 2020 11:25am Feb 13, 2020 11:25am
Quoting JereAlfonso
Wow. Awesome. Thanks, man. All i need is to see this area. And ur tools identify it nicely. Appreciate. I think i really need this tools. Anyway, have u ever try the AutoUFOs indicator in tradingview? It detects the unfilled order area, just like yours. What do you think about that indicator? {image}
I do not know the indicator you mention...i do not use tradingview...
HPZ indicator creates the zones in a different way than the other similar indicators that makes entries and market analysis more accurate!
  • #346
  • Feb 13, 2020 11:36am Feb 13, 2020 11:36am
Quoting hpztrading
{quote} Do the same on GPBUSD 1hr using the free indicator and please tell me if you see the same zones....
Admittedly, most of these types of indicators are going to produce different results.
Learn from your mistakes and march on.
  • #347
  • Feb 13, 2020 11:42am Feb 13, 2020 11:42am
Quoting here2there
{quote} Admittedly, most of these types of indicators are going to produce different results.
HPZ indicator produce the more accurate zones...
Plus the indicator works multitimeframe...
And it is not the zones but the performance too...
Free indicator if you load it more than 4-5 charts MT4 platforms crashes ...
I have loaded HPZ indicator to more than 20 charts without any issue...

Best Regards
  • #348
  • Feb 13, 2020 2:23pm Feb 13, 2020 2:23pm
ok. As far as I know, in supply and demand theory, the more often the area is touched, the weaker the area is. Does this indicator tell us which areas are still fresh or not?
  • #349
  • Feb 13, 2020 7:09pm Feb 13, 2020 7:09pm
Quoting JereAlfonso
ok. As far as I know, in supply and demand theory, the more often the area is touched, the weaker the area is. Does this indicator tell us which areas are still fresh or not?
A zone that was touched once does not mean the next time price will go through the zone...i do not utilize this concept into my trading cause it can lead to wrong trading decisions...
  • #350
  • Feb 13, 2020 7:17pm Feb 13, 2020 7:17pm
Same setup works again and again...Demand zone in compliance with Bullish Trendline...Easy and powerful setup using just two MT4 indicators...

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  • #351
  • Feb 13, 2020 11:37pm Feb 13, 2020 11:37pm
Hi! Just got your indicator and so far backtesting has been great! Win rare for 2 years is between 58-62%. Would definitely be higher if I didn’t take some dumb trades.

I do have one question though. I noticed that the dotted and yellow timeframe lines are not showing up? Is there a setting I should have changed?
  • #352
  • Feb 14, 2020 5:45am Feb 14, 2020 5:45am
Quoting rambamodam
Hi! Just got your indicator and so far backtesting has been great! Win rare for 2 years is between 58-62%. Would definitely be higher if I didn’t take some dumb trades. I do have one question though. I noticed that the dotted and yellow timeframe lines are not showing up? Is there a setting I should have changed?
Thank you for your purchase...If you need any further help do not hesitate to ask me...
I would be glad to see your setups and your own way of trading with those indicators....

In order to see higher timeframe zones you need to set the MTF variable into TRUE...

Best Regards,
George
  • #353
  • Feb 14, 2020 7:51am Feb 14, 2020 7:51am
I am a firm believer that if you are selling a product, then you need to be competitive with your pricing. I can think of another popular supply and demand indicator on MQL5 (out of respect for you, I am not going to share a link to it) being sold for the same price as yours but it has far more features. In fact, I have the indicator. It works quite well. What irritates me about it, however, is it has TOO MANY features, and the developer of it doesn't clearly explain what all of the features are for and how to use them.

I like to keep things simple. So the indicator is pretty much useless to me because it is bloated with a lot of stuff I don't want nor need. Unfortunately, MQL5 doesn't have a customer friendly refund option. If it did, I would have requested for a refund.

Having said that, I think you should either lower your price or at the very least, improve on your features. For example, the other indicator allows you to hide some or all of the supply and demand areas at the click of a button. That is a very useful feature, especially for people who want a cleaner chart. You can simply hide the supply and demand areas and switch them on when you need to. I think you should add this feature to your indicator.

For example, if I only want to see supply and demand areas from a certain time frame, it would be nice to have a switch to only show those areas of supply and demand.

A developer of a product should always think in terms of 'user friendly.'
Learn from your mistakes and march on.
  • #354
  • Feb 14, 2020 8:03am Feb 14, 2020 8:03am
Quoting here2there
I am a firm believer that if you are selling a product, then you need to be competitive with your pricing. I can think of another popular supply and demand indicator on MQL5 (out of respect for you, I am not going to share a link to it) being sold for the same price as yours but it has far more features. In fact, I have the indicator. It works quite well. What irritates me about it, however, is it has TOO MANY features, and the developer of it doesn't clearly explain what all of the features are for and how to use them. I like to keep things simple....
First of all i like simplicity too....My intetion was to create an indicator from scratch that will create Supply AND Demand zone with the best possible way...
And not just add useless features for marketing reasons!!!
The other indicator you mention it is just the free version that has been added some features...
But the core is the same...

I told you before please send some screenshots using your indicator and i will send the same screenshots from same charts....and compare them in detail!!


Nevertheless more features will be added....and those features will be really useful for traders...
Cause this indicator is made by a pro trader and my main purpose is to make my best efforts to make it even more powerful...

Stay tuned!!!!
  • #355
  • Feb 14, 2020 8:22am Feb 14, 2020 8:22am
Quoting hpztrading
{quote} First of all i like simplicity too....My intetion was to create an indicator from scratch that will create Supply AND Demand zone with the best possible way... And not just add useless features for marketing reasons!!! The other indicator you mention it is just the free version that has been added some features... But the core is the same... I told you before please send some screenshots using your indicator and i will send the same screenshots from same charts....and compare them in detail!! Nevertheless more features will be added....and...
Actually, the other indicator I am talking about was developed by professional traders. It's not some knock-off of a free version with added features. It's a high quality indicator.

As for your argument that your supply and demand areas are better, that is subjective at best. It's what a trader decides to do at such areas that matters most. I am certain your areas of supply and demand don't always work out. If they did, then you would have the Holy Grail of indicators and be uber wealthy.

Frankly, it is irresponsible to give people the impression that your indicator is perfect and all others suck. If that's not your intention, then I apologize. But you are coming across like that. I have been around the block enough to know better.
Learn from your mistakes and march on.
  • #356
  • Feb 14, 2020 8:45am Feb 14, 2020 8:45am
Quoting here2there
{quote} Actually, the other indicator I am talking about was developed by professional traders. It's not some knock-off of a free version with added features. It's a high quality indicator. As for your argument that your supply and demand areas are better, that is subjective at best. It's what a trader decides to do at such areas that matters most. I am certain your areas of supply and demand don't always work out. If they did, then you would have the Holy Grail of indicators and be uber wealthy. Frankly, it is irresponsible to give people the impression...
Sorry to butt in but you can’t just tell someone “it is irresponsible to give people the impression that your indicator is perfect and all others suck.” When you are clearly asking him to explain why he has a higher price tag on his own indicator. He developed the indicator and priced it as he sees fit he himself doesn’t event have to answer you since you have never purchased it or tried it. If you don’t like the price due to your VAST knowledge of being in the forex space for so long then don’t buy it. Simply move on. Stop pestering him with your arguments to lower the price and stop instigating a reaction from him. What you’re doing is completely wrong.
  • #357
  • Feb 14, 2020 9:07am Feb 14, 2020 9:07am
Quoting rambamodam
{quote} Sorry to butt in but you can’t just tell someone “it is irresponsible to give people the impression that your indicator is perfect and all others suck.” When you are clearly asking him to explain why he has a higher price tag on his own indicator. He developed the indicator and priced it as he sees fit he himself doesn’t event have to answer you since you have never purchased it or tried it. If you don’t like the price due to your VAST knowledge of being in the forex space for so long then don’t buy it. Simply move on. Stop pestering him...
It's my right to share my opinion. You have no right to order me around. If you don't like what I have to say, then ignore me.

I am offering constructive criticism based on experience trading and knowledge of other indicators. My words should not be frowned on but welcomed. How do you think products get improvements over time and business thrives? It's because customers and potential customers alike share their opinions. Responsible business owners who want to succeed take such opinions seriously.
Learn from your mistakes and march on.
  • #358
  • Feb 14, 2020 9:38am Feb 14, 2020 9:38am
Quoting here2there
{quote} It's my right to share my opinion. You have no right to order me around. If you don't like what I have to say, then ignore me. I am offering constructive criticism based on experience trading and knowledge of other indicators. My words should not be frowned on but welcomed. How do you think products get improvements over time and business thrives? It's because customers and potential customers alike share their opinions. Responsible business owners who want to succeed take such opinions seriously.
Its also my right to say what I want as well. You sir, are an instigator. There is a clear difference between constructive criticisim and instigating a reaction to get what you want. I’m not stupid, it’s clear what you are trying to do.

Constructive criticism would be “Hi, your indicator is quite expensive would you ever consider reducing the price?”.

NOT “Hi, other indicators that does the same thing as yours or even better is much cheaper. Can you explain why your price tag is so high? But when you explain I’ll retort with calling you irresponsible.”

Your view of “constructive criticism” is quite skewed. It’s clear your end goal is to get a cheaper price on the indicator. Any developer has put in hours/days/months into their work and for you to demand a cheaper price for their own work just because other indicators are cheaper is just in bad taste. That’s just sad.
  • #359
  • Feb 14, 2020 9:38am Feb 14, 2020 9:38am
I just want to make something clear here. I am not attacking the publisher of this thread but only offering constructive criticism on his product and how he is selling it. If my comments have come across as offensive, then I apologize for that. It is not my intention to tear down but rather to build up by sharing honest feedback.
Learn from your mistakes and march on.
  • #360
  • Feb 14, 2020 9:47am Feb 14, 2020 9:47am
Quoting rambamodam
{quote} It’s clear your end goal is to get a cheaper price on the indicator. Any developer has put in hours/days/months into their work and for you to demand a cheaper price for their own work just because other indicators are cheaper is just in bad taste. That’s just sad.
My goal is to motivate the seller to give people more value for their money. It's not about getting his indicator for a cheaper price. It's about advising him to be more competitive. It seems you don't understand how important this principle is in business.

I have purchased many indicators on MQL5. The refund policy is not customer friendly in my opinion. You basically get stuck with what you purchase. If it doesn't meet your expectations, too bad. That's how it works.

If people purchase an expensive indicator only to find out later that a similar indicator was and is being sold for the same price but with more features, that's not going to go over well with reviews. Product reviews are important on MQL5.
Learn from your mistakes and march on.
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