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Forex Candle Predictor - World's Best Prediction Indicator

  • #81
  • May 7, 2015 10:01am May 7, 2015 10:01am
Quoting forexmoments
{quote} No problem Killian. Go for it.
I will shoot twee a message and come back to you.
  • #82
  • May 7, 2015 6:28pm May 7, 2015 6:28pm
Looking forward to test data on this...

GL
Solutions ONLY!!!
  • #83
  • May 8, 2015 7:25am May 8, 2015 7:25am
Just got a reply from Twee
Quote
Thank you for contacting me about this matter and as long as you post this review in the Commercial Content forum, you won't be suspected as having any business affiliations with this member.

If you do have affiliations with this member and this is a campaign for more exposure, than we'd have to look and changing your status to commercial as well.

So we are good to go. I will send you a personal message and we can discuss our further steps there.
  • #84
  • May 8, 2015 9:02am May 8, 2015 9:02am
Quoting gmi
im willing to test it out for you on MT4 and report my findings here.
Thanks, but I prefer someone who isn't a commercial member. Cheers.
  • #85
  • May 8, 2015 9:11am May 8, 2015 9:11am
Quoting Kilian19
Just got a reply from Twee {quote} So we are good to go. I will send you a personal message and we can discuss our further steps there.
Sounds good.
  • #86
  • Edited 10:18am May 8, 2015 10:03am | Edited 10:18am
Ok Killian, so this is what I suggest, please try and post here the days the indicator provides signals, (it's not everyday that a signal is generated, as there are very specific conditions for validity). Please test the indicator for at least two months, if you can test for 3 months, I prefer that, since the more trades, the better people here can judge the indicator.

So here is my claim, (which your testing can scrutinize) - that the Forex Candle Predictor has at least a 2:1 (66%) winning ratio, in determing which direction the next candle shall close, whether bull or bear. The range of pips for a candlestick isn't in question, meaning, if a sell arrow is produced, then it is counted as a correct prediction if the candlestick closes as a bear candle by even 0.1 pips, or 1 pip, or 10 pips or more. The only thing the indicator tells us is whether the next candle shall be bull or a bear candle. Nothing else. Indicator works only on M5, M15, M30 timeframes.

I will be sending you the indicator via email, thanks.
  • #87
  • May 8, 2015 10:17am May 8, 2015 10:17am
Kudos for letting a third party test this
  • #88
  • May 8, 2015 8:36pm May 8, 2015 8:36pm
Quoting forexmoments
Ok Killian, so this is what I suggest, please try and post here the days the indicator provides signals, (it's not everyday that a signal is generated, as there are very specific conditions for validity). Please test the indicator for at least two months..
I will do as you say but depending on the frequency of the signals I would prefer just to write a summary and post it here at the end of the week. I am thinking about posting screenshots as well as some basic statistics. If it's just 2 or 3 signals a week I don't have any hesitation to post it here immediately but if it's more I would like to just summarize it.

I have sent an email to you support email address you mentioned on your page.
  • #89
  • May 9, 2015 4:28pm May 9, 2015 4:28pm
Sounds interesting. Looking forward to results.
Best, Josh
  • #90
  • May 10, 2015 6:02am May 10, 2015 6:02am
Okay Folks here we go.
I have received the indicator files via email with a template file and a pdf which explains how to set up the charts. The indicator is protected with an account number protection and once I send him my information we are ready to go.
I will conduct this test on oanda's mt4 demo feed as this terminal is running 24/7 on my machine anyways. The source code of the indicator is not provided this is sadly from a programmers point of view but understandable from the perspective of him to earn money from selling it to use.

Once my version of the indicator is activated I will take a look at the historic data to get a feeling about how often a signal occurs and already look at the hitrate. Due to the nature of some indicators to temper with the past (repainting) these values will not be significant but can give a first impression.
The next step will be to let the indicator run in the strategy visual mode to see how it behaves. Depending on the type of programming and signal logic this might not work but can also give an impression on how signals form and behave on the chart. (do signals appear at the close of a candle? Will they stay?).

This indicator monitors 28 currencies pairs with 3 different tfs each but it got a setting to allow you to get alerts for every signal given on every pair on every timeframe. This is a neat feature to help the terminal be clean. Ash wrote that signals are rare (which does not mean it's a bad indicator) and me not wanting to miss out on anything I decided to go ahead with the following setup.
I want to see how the indicator behaves in real time and to achieve that I am going to put 1 instance of the indicator with the global settings checked on on my charts as well as open as many 5 min charts as my monitor can handle to closer investigate the current signals. I wrote an EA which takes a screen short once a signal appears as well as another screen shot a candle later.

If the first 2 or 3 weeks are reasonable I will go ahead and perform a screen capture if I am not in front of the monitor myself.

Looking at historic charts -> strategy tester -> forward testing.

If anyone of you get any advice on how to do it more properly or what else I should take a note of feel free to write here.


Note: I am not affiliated with forexmoments nor do I gain money for testing his indicator or writing this review. I am just curious and want to use this unique opportunity to try out his indicator.
  • #91
  • May 10, 2015 1:01pm May 10, 2015 1:01pm
Quoting Kilian19
Okay Folks here we go. I have received the indicator files via email with a template file and a pdf which explains how to set up the charts. The indicator is protected with an account number protection and once I send him my information we are ready to go. I will conduct this test on oanda's mt4 demo feed as this terminal is running 24/7 on my machine anyways. The source code of the indicator is not provided this is sadly from a programmers point of view but understandable from the perspective of him to earn money from selling it to use. Once my...
Thanks for outlining your plan of action. Your MT4 account has now been approved on the server by the way.
  • #92
  • May 10, 2015 1:15pm May 10, 2015 1:15pm
Hi Forexmoments,

If I buy your indicator, can I backtested it on the historical data with the 28 pairs ? or like some other indicator, he is limited to 1 or 2 week of historical data ?

Regards,
GregV
  • #93
  • May 10, 2015 2:01pm May 10, 2015 2:01pm
Quoting Gregv
Hi Forexmoments, If I buy your indicator, can I backtested it on the historical data with the 28 pairs ? or like some other indicator, he is limited to 1 or 2 week of historical data ? Regards, GregV
I can't give any guarantees about using MT4's Strategy Tester. However, if you mean manually backtest by scrolling through charts, yeah you can, should be good for around six months minimum.
  • #94
  • May 10, 2015 7:07pm May 10, 2015 7:07pm
Quoting forexmoments
{quote} I can't give any guarantees about using MT4's Strategy Tester. However, if you mean manually backtest by scrolling through charts, yeah you can, should be good for around six months minimum.
I got the indicator set up and the global setting which shows me all signals is pretty nice and would come in handy if you really want to trade this indicator.
To be honest I am having a hard time to find more than 3 signals / currency / tf even with the help of a script I have written to help me. My EURUSD hist goes back for 7 years so it can't be missing data. As looking at historic data was only for eyeballing anyways I will just stick to forward testing. I will come back once I see the first signal. I already created an excel sheet to keep track of everything and if we are patient enough we will get some nice stats.
As I said I am taking screenshots once a signal appears so we soon will know if repainting is an issue.
  • #95
  • Edited 7:20am May 12, 2015 2:06am | Edited 7:20am
I got no live signals so far. the last one was at the 8th and 4 signals at the 4th.

--------------------
First Edit:

Lets see how those 2 work out

Attached Image (click to enlarge)
Click to Enlarge Name: firstSignal.jpg Size: 255 KB


Edit:
----------------------------------------
Result:
NZD/USD 5 min loose Sell 5 min
NZD/JPY 5 min loose Sell 5 min

Attached Image


We are 0:2 so far. I usually would have counted only one of those signals for trading as both charts seem to be highly correlated but for the sake of this testing we will count it individually.

At least it did not repaint.

Win 0
Loose 2
-------------------------------------
Edit: Historically

GBP / CAD 5min loose 08.5 00:25
EUR / JPY 5 min win 05.5 23:15
CHF / JPY 5 min win 05.5 5:00
USD / CHF 15 min loose 04.5 8:45
USD / CHF 30 min win 04.5 8:30
EUR / CAD 5 min win 30.4 14:55
AUD / CHF 5 min win 30.4 3:25
GPB / CAD 5 min win 27.4 8:55


I had no chance to see those signals in live though so I will not count them towards the stats. As it looks like the signals are always appearing after huge bars and pointing in the direction of a retracement. It reminds me of some atr checks combined with maybe bbands but I am not here to reverse engineer the logic of the indicator. I would be cautious to directly trade those signals as they might happen during high volatility time which leads to a huge spread or slippage but id the 66& hitrate proves to be correct binary options could be a possibility.

Currently for me it feels like I am "running" this thread and this is not the way it is supposed to be. I want to help test this inidcator and give an unbiased opinion about it but I should not do all the work for forexmoments. I am going to limit my updates to once a week for now.
  • #96
  • May 15, 2015 4:34am May 15, 2015 4:34am
hi @forexmoments
reading through majority of the post and screen shots, will like to use your indicator to trade binary options. but i will like to know if it is possible to know what periods or time the signals are likely to come out. so i just dont end up sitting the whole day on my computer waiting for it. can you give a rough idea of when to watch out for the signals.
  • #97
  • May 19, 2015 5:01am May 19, 2015 5:01am
Quoting bimboforex
hi @forexmoments reading through majority of the post and screen shots, will like to use your indicator to trade binary options. but i will like to know if it is possible to know what periods or time the signals are likely to come out. so i just dont end up sitting the whole day on my computer waiting for it. can you give a rough idea of when to watch out for the signals.
Looks like the signals are pretty random and I do not think that it's worth to sit in front of the computer to wait for it. You kind of have to automate it to make it "worth". I said I will only post once a week but since the signals are so rare I will make another post. Today 2 signals appeared at the same time again. Those were the first signals after my last post at the 12th.
GBP USD and GBP JPY. GBP USD was a loss and GBP JPY a doji. Screenshots will follow at the end of the week.

So far we are
Wins: 0
Losses: 3
Doji: 1

If we want the 66% there better is a wining streak soon .
  • #98
  • May 21, 2015 3:08am May 21, 2015 3:08am
Quoting Kilian19
{quote} Looks like the signals are pretty random and I do not think that it's worth to sit in front of the computer to wait for it. You kind of have to automate it to make it "worth". I said I will only post once a week but since the signals are so rare I will make another post. Today 2 signals appeared at the same time again. Those were the first signals after my last post at the 12th. GBP USD and GBP JPY. GBP USD was a loss and GBP JPY a doji. Screenshots will follow at the end of the week. So far we are Wins: 0 Losses: 3 Doji: 1 If we want the...

Thanks for your Reply.
really appreciate it
  • #99
  • May 23, 2015 5:02pm May 23, 2015 5:02pm
Quoting Kilian19
{quote}So far we are Wins: 0 Losses: 3 Doji: 1 If we want the 66% there better is a wining streak soon .
Thanks for your updates, Kilian, and indeed for doing this in the first place. Watching with interest.
  • #100
  • May 24, 2015 12:56am May 24, 2015 12:56am
this market cant be predicted because it is based on Human behavior and now a days on robot behavior, so please stop wasting time on this.
its all about the interest rates duh!!!
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