Blahtech Supply and Demand Indicator - Anyone using it?

I came across the 300$ Supply and Demand indicator by Blahtech and it seems to be a very good indicator, drawing all sorts of levels very precisely. It seems that is saves a lot of time drawing once you have a working strategy. But at the same time it seems that trading blindly off these levels may also work which I am not sure about.

Does anyone posses this indicator and what is your experience with it? Most reviews and feedback on the MQL5 website are very positive but I prefer turning it into a thread here in order gain additional feedback.

I am by no means an owner of this indicator nor do I work for their company but as a SD trader myself, having a professional indicator seems to save some screentime and perhaps I could be turning it into an EA for myself but quiet frankly, 300$ seems A LOT for an indicator.

If anyone uses it with great success, please let me know.

Have come across this tool sometimes ago and bought today. After playing it for few hours, i wrote down the comment in MQL5 website:

Excellent product. It is a very good Supply and Demand indicator which can draw the zone extremely accurate, and all the functions can be toggle in the hotkey panel or by short cut keys. Though the trader need to choose the zone to trade by his own experience (there is no holy grail in the trading world!) but this does not discount its usefulness as a supply and demand trading tool. Extremely user friendly and very good in presentation. The backtest key is just awesome making visual backtest and learning how those zones to be taken out by price action very easy.

It is really good and definitely will make my trading decision faster and smarter (though not guarantee profitable )

J

Looks similar shved tool

Yes I use the shved indicator and it looks similar but I believe that there are some major and fine differences between a free tool and 300$ tool - trying to figure it out hehe

You only have download the demo and check differences with shved in backtester. Its only way for be sure before pay that. Anyway I see so many zones for be serious tool ( knowing is not free )

I see okay.

Does anyone else here use the indicator? I wonder if someone is actually scalping with it.

Hey everyone, we created the indicator based on my specs. I'd like to point out a few things:
1. It's not made for scalping!
2. It includes my proprietary method of Q points which help further exclude the zones that dontd belong to a swing extreme
3. Our trend strength engine is based off S/D trend reading rather than H/L
4. We created hot keys to show zones on multiple tfs at a touch of a button making the analysis quite wuicq

Years ago before Blahtech I was always spending hours and hours drawing the damn zones before I could trade off of them. So one year I sat down with a small team of developers, spent a ridiculous amount of cash to create this indy and Blahtech SD was born.

So bottom line - if you're a serious SD trader, you'll find our indicator replaces all the mundane tasks we have to go throguh, saving hours and hours in analysis.

@doggette what happened to your trading this year? I am concerned as I was a follower of your old posts which had fantastic gains

and regarding the indicator... I would buy it as apparently its the best supply and demand software available but unfortunately I can't..

I could only if you sold the .ex4 on your website... Macs can't access mql4 indicators from the market but can if its a normal .ex4 which we would have to move it to the indicators folder manually...

can you sell us the .ex4 on your website? I would really like to access it.

Did you not have an account with Darwinex or was that an imposter, too?

I recall feeling delighted at the opportunity to invest and copy your trades as in some of the group sessions we had you talked such a strong game and came across very knowledgeable, experienced and full of certificates. This was just before you started merchandising indicators and the online school.

Anyway, I didn't hesitate to fund my Darwinex account and follow you. I only went in with £1K hoping to add more as I went along but things quickly got shakey and I wasn't sure whether we were going 2 steps forward and one step back or 1 step forward and 2 steps back. I decided not to add funds, but I also remained patient and steadfast in my faith. However, 6 months later the trend was clear and no accidental one-off losing month here or there and my investment hit my SL and I withdrew £700 with a £300 loss.
I was genuinely surprised, given I thought you were a pro that over 6 months you weren't able to turn it around.
BUT, what really shocked me though was reading in one of the blog-posts "celebrating" how much more money had come onboard following and investing in you. This at a time when the equity curve was clearly down but it didn't seem to bother you at all. I found that disturbing and I lost respect in that moment that you could treat OPM as though it were free demo money to exorcise your whims.

Demonstrating a positive equity curve on Darwinex, apart from being mutually beneficial financially, to you and the investors, would have been the best advert and testimony to what you are teaching works.

You've hardly addressed what I said, except to deny the evidence provided by affirming that you've not traded on MT4 for years.
Did you even click on the link provided which directs to your Darwinex account?


At the time you promoted your 'DOG' Darwin. Of course, the blog posts are long gone - it was years ago, and I didn't take screenshots because it wasn't my intention to go after you. I did feel upset at the time to hear you boasting about yet more investors coming in while your trading had clearly taken a down-turn already; it displayed disrespect and callousness towards people coming in and trusting you with their money. I nearly wrote in at the time to you in response to say so but then let it go. This was years ago. I only saw this thread this week and it came up in me to share the facts of my experience.

I also recall at the time you blaming "market conditions" for the difficult period which struck me as odd and not as a skilled trader taking responsibility for their trades. The market is the market and if our edge is robust it should stand up to that over time and yours didn't. Indeed, it could be due to psychological factors, but apparently you ''teach'' that too, I see now.

D'Amato couldn't fight like Tyson, yet Tyson sought and valued his mentorship because of his knowledge and experience. If that's your rationale you wouldn't be the first trading teacher to use that rationale and it's certainly your prerogative, but to deny a trading statement as yours and claiming it is imposters is most odd, to say the least

Personally, I find the ego investment in speaking about "my students" abhorring. It's my belief that traders should walk the walk and earn from their own trading, as prospective students are asked to. As traders, we never stop learning and we can do so by sharing our experience with one another in a collegiate way. That changes when we shift into the hierarchical mindset of 'I am the expert and you are the student" In my view, the most honest way to leverage one's skills is to allow others to follow and benefit from one's trading by providing a copy-trade service. Signals and teaching, on the whole, is a scam, based on my several years of personal experience now. That is my personal view and quite beside the point to the discussion at hand.

As I said, I have no personal issue with you and enjoyed our early exchanges years ago via email and in group but to me, it is unacceptable to lie about the facts. I didn't think a second post would be necessary and don't want to get dragged (down) into a protracted war of attrition, but your denial despite providing the link with the evidence has obliged me to add to the conversation.

You said that is an imposter account but you posted that same account in 2016 boasting about your performance? you just changed brokers.
you can actually still see the post??? https://www.forexfactory.com/thread/...81#post8786681

@doggette

I was curious what your reply could possibly be given your incredible denial in the light of all the evidence but I did not expect that you would instead delete your post. Although, in retrospect it is also the obvious move. Regardless, it's ridiculous given that your quote is anyhow in my response - a record of your statement for posterity.

We will understand the deletion of your post as a tacit admission that neither statements are by imposters as you allege and are in fact yours. In fact, you told a blatant lie; quite indefensible in light of the evidence, so you quickly tried to retract your statement lie.

It beggars belief. It makes one wonder what else you lie about to others and yourself, perhaps, most of all.
It wasn't 'your students' who were affected psychologically with the "p&l and investable attributes" - it was you.

There isn't inherently any shame in that. In fact, to be fair you deserve kudos for putting a trade-statement out there. No fx-gooroo will. But, having done so, to deny it insults everybody's intelligence. It's as if you hold everyone with contempt. I felt that particulary in the manner your Darwinex account spiraled out of control and down all the while you were celerbrating how much more new money had come onboard. Thtat's just not ethical, and seeing your willingness go into a state of denial and to lie so easily even here when evidence is presented, is very disturbing.