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Trade Detector

  • #1
  • First Post: May 4, 2021 1:03pm May 4, 2021 1:03pm
Hi guys.
Has anyone used the "Trade Detector" system from Global Fx Trading Group ? Ive seen it used by Jeff Wecker on the TickerTocker Youtube page.
https://www.globalfxtradinggroup.com/trade-detector
  • #2
  • Jul 9, 2021 11:54am Jul 9, 2021 11:54am
Hello Kazim. Nobody responded (and I was hoping they would)

Today, I spoke to Mr. Wecker and asked him about it. If it does what the video shows, it would be awesome. I am thinking about it. It is very pricey, but if it works with Forex pairs, it would be worth it. He showed me his Telegram room and it does look busy with ideas and conversation about charts. (In other Telegram rooms, I am used to nothing but sales and marketing about other products even though i just bought their product.)

Is it wort 300 bucks to try? I will let you know if I try it.
  • #3
  • Jul 15, 2021 7:13am Jul 15, 2021 7:13am
oh sweet. if you do try it let us know it goes
  • #4
  • Oct 12, 2021 10:30am Oct 12, 2021 10:30am
Quoting kazimkazim
Hi guys. Has anyone used the "Trade Detector" system from Global Fx Trading Group ? Ive seen it used by Jeff Wecker on the TickerTocker Youtube page. https://www.globalfxtradinggroup.com/trade-detector

It is a "system" made up of repainting indicators which you can easily find online. It is very pricey for indicators that you can easily find online. would you pay that much money for an MT4 cycle indicator, vertex indicator, channel indicator and a zig zag, zero lag HMA, PZ divergence indicator cci?

Is it profitable? I don't know, am I willing to try it? no, Im not a fan of trying to pick tops and bottoms
  • #5
  • Oct 27, 2021 9:10pm Oct 27, 2021 9:10pm
Jeff Wecker is an awesome trader and I like watching his videos but those indicators look like they repaint. I am not too sure if they are but they look like they do. Now, is that a bad thing? Not necessarily. If you have a confirmation and you understand risk and trade management, this could be awesome. The person above is so spot on the indicators. I have similar algorithm but I have a confirmation indicator and I use price action. If you try it, let me know how it is and let us all know if it does repaint. If it doesn't, I would like to try it myself.
  • #6
  • Oct 28, 2021 2:14am Oct 28, 2021 2:14am
Quoting bento2019
Jeff Wecker is an awesome trader and I like watching his videos but those indicators look like they repaint. I am not too sure if they are but they look like they do. Now, is that a bad thing? Not necessarily. If you have a confirmation and you understand risk and trade management, this could be awesome. The person above is so spot on the indicators. I have similar algorithm but I have a confirmation indicator and I use price action. If you try it, let me know how it is and let us all know if it does repaint. If it doesn't, I would like to try it...

Whats your confirmation indicator if you dont mind sharing, desperately looking for one that is tried and tested.
  • #7
  • Oct 28, 2021 7:23am Oct 28, 2021 7:23am
I have been watching his trade ideas. I am just not sure his indicators are worth the price he is charging. I did take one of his trade ideas and it failed. (of course, no one is perfect when it comes to market patterns) however, what I asked a question inside the Telegram room and I was ignored. He had said the CAD/JPY formed a head and shoulders, (a month or so ago) but the trade failed. And, instead of getting my question answered, I was given a spiel by a another member about how great the indicator works.

On a side note; Has anyone heard of Trade Trend by Jeff Tompkins? He has a new platform in the works in which he uses Trade Trend along with Daniel Sinnig's Divergence cloud. It is in beta, but you can read up on it. Zillions. I have seen the Trade Trend identify turns with really good success, so I am watching this closely. It provides a warning and then a buy/sell signal. I dont think of Jeff Tompkins as a shyster. Thoughts?

I have lost interest in Jeff Wecker since I was ignored. Especially when he wants almost 2500 bucks with no guarantees.
  • #8
  • Nov 2, 2021 7:25pm Nov 2, 2021 7:25pm
Quoting trendtrader3
{quote} Whats your confirmation indicator if you dont mind sharing, desperately looking for one that is tried and tested.
First off this is not financial advice and you need to do your own research but I use the QQE as confirmation. The reason is indicators like the absolute histogram, vortex, or even a zero crossing indicator like a Chaikin Money Flow are too slow. Since I am using proper stop losses, if it does not work out for me, I am okay but If I am right, profit is there with proper scaling. QQE is also part of exit strategy a long with other tools to make sure I am collecting profits on a winning trade. So say for instance my algorithm is on a winning trade, when a cycle spike comes out, I set a new stop loss at 38.3% of the fibonacci retracement and use the QQE as a whichever occurs first scenario. I set those parameters because if my exit is wrong, I am still riding the trend. The worst thing that can happen is I break even or take a small profit. The only way I lose money is if I am wrong on the initial movement. Always backtest, forward test. Demo it and then take it live. I use a strategy similar to Jeff's with VP's with most importantly price action. I hope this comment is useful.
  • #9
  • Nov 4, 2021 6:28pm Nov 4, 2021 6:28pm
Quoting trendtrader3
{quote} Whats your confirmation indicator if you dont mind sharing, desperately looking for one that is tried and tested.
You can also look at a ozymandias indicator. it is a like a bollinger band but fast moving.
  • #10
  • Nov 5, 2021 12:33am Nov 5, 2021 12:33am
Quoting bento2019
Jeff Wecker is an awesome trader and I like watching his videos but those indicators look like they repaint. I am not too sure if they are but they look like they do. Now, is that a bad thing? Not necessarily. If you have a confirmation and you understand risk and trade management, this could be awesome. The person above is so spot on the indicators. I have similar algorithm but I have a confirmation indicator and I use price action. If you try it, let me know how it is and let us all know if it does repaint. If it doesn't, I would like to try it...

It repaints, but they wont tell you that when marketing their system.
  • #11
  • Last Post: Nov 5, 2021 7:14am Nov 5, 2021 7:14am
It seems he is more intent on selling his product than he is telling us about the repainting. I see he commonly shares his biography in the Telegram group. Usually a sign he is more concerned about sells above anything else.
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