[quote=aicccia;3198990]Just released v2.00. Check out the intro post here.
I had a pretty good idea for an indicator about a month ago but it had some drawbacks, and me being the perfectionist that I am, I went back and completely changed it.
I have read this thread with both interest and bewilderment. It appears to me to be an example of "The Emperors New Clothes". Everybody is praising and admiring them but nobody can see them. The other explanation is that I am just stupid since I cannot see how you can make any money on a regular basis by following the indicator. If you follow the instructions you buy or sell at one end and wait until it fluctuates all over the place and reverse it at the other end with no profit points in the middle.
What am I not getting here????
Granted it gives you a direction for entry but so will any number of other indicators but I fail to see a consistent "take profit" instruction that will generate profitable pips other than that caused by unpredictable volitility. I never thought myself as particularly dense but I just can't see the benefit here.
Can anyone help?
I had a pretty good idea for an indicator about a month ago but it had some drawbacks, and me being the perfectionist that I am, I went back and completely changed it.
I have read this thread with both interest and bewilderment. It appears to me to be an example of "The Emperors New Clothes". Everybody is praising and admiring them but nobody can see them. The other explanation is that I am just stupid since I cannot see how you can make any money on a regular basis by following the indicator. If you follow the instructions you buy or sell at one end and wait until it fluctuates all over the place and reverse it at the other end with no profit points in the middle.
What am I not getting here????
Granted it gives you a direction for entry but so will any number of other indicators but I fail to see a consistent "take profit" instruction that will generate profitable pips other than that caused by unpredictable volitility. I never thought myself as particularly dense but I just can't see the benefit here.
Can anyone help?