*** Sentiment Traders MT4 Indi ***
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Free trial on Sentiment Trader Indi is over
Video : Sentiment Trader Strategy
The Dashboard doesn't send any signals, it only displays current Sentiment Traders % and suggests trend by TAC strategy
TAC stands for "Trading Againt the Crowd"
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Free Campaign is over :
- Started on August 2016
- Ended on December 2016
Introduction about Sentiment Traders
This is an opportunity for you to trade and discover a trading style that can suit your own personality. Each traders trade his own way, until he found something new he could add to his arsenal. Sentiment Traders as it is used, is viewed as contrarian style. I use to call it "TAC" Trading Against the Crowd. When retail traders are massively on one side of the market, then we trade the opposite way. This tactic isn't new in fx world and many have tried it before. They conclude it fails... for one simple reason. That's because the crowd isn't always wrong. They are right when market is ranging. Market goes up near the top of the range, so traders getting Short. Market drops and they took advantage of the market. Obviously, if you decide to go against the crowd at this step, and you go Long. Well the crowd was right and you are wrong.
Sometimes, market is designing a new trend... and retail don't identify the move. (No one knows in fact, if market will break or range again). When market breaks and crowd goes againt market direction... Here we go, we want to be contrarian.
There is no holy grail, only good trading decisions... If you think this strategy works all the time, you are going to be disappointed. I'm going to show you it doesn't work. But if we analyse correctly the market, we can avoid bad signals. (See below)
Crowd is right when market ranges...
What is the value of the Indicator related to the Sentiment Traders Analysis?
You can find many sources that provides Sentiment Traders... one the best source is surely from MyFxbook for a simple reason: Data collected from live accounts are all over the world and it doesn't belong to a single broker. Therefore, the representation of the crowd is more reliable.
Let's have a look at live data:
In order to make a good trading decision, looking at live data is clearly not enough, as we don't know what happened just before. It can only indicates trend.
On EurUsd, now 70% traders are short and so without looking at chart, if i had to guess the trend... I would say market is bullish:
Indeed, we notice the market is going up while retail traders are short... but to make good analysis, we need to check what happened on the past... and how fast the crowd is reacting to price movement.
The main advantage of the Indi is that it displays past crowd action. While studying historical data, we are looking for a sudden switch into sentiment while market changes direction in a violent way. We have to measure this switch... and this is exactly when we have to enter againt the majority. We also want to be on the market maker side.
Analysis / Live Signals :
I will post myself (or you can post here too) live trade opportunities and I will explain why and when I enter a position. So, next post will be realtime signal. If you see it live, you can replicate the trade on your side if you rely on my analysis. I should be right most of the time as the crowd is usually wrong in some specific cases that we are going to study. 
Examples :
Results :
=> Global performance of 3 months course <=
First educational case
Well, I'm sure it is important first to show how to use the Indi before I release it, otherwise some of you will trade with it directly on their own style and they will say it doesn't work. I repeat. There is nothing magic into this strategy. Crowd isn't always wrong. If we don't filter trades in a smart way, we will get too many loser trades!
Let's see what happened on GbpJpy since last week: (first week of June)
By the way this signal was issued live based on another strategy [ Here ] (Free campaign in progress... Download M-W Pattern Indi)
We clearly see that Crowd is constantly on the wrong side of the market. Market rises, traders short... finally market start to decline, traders are Long. From Sentiment switching point, buyers started to be greater than sellers, market dropped another 800 pips !
Avoid mistakes:
Do not guess that the sentiment is going to switch side... Don't take trade ahead such analysis.
- An example [ Here ]
Advanced course
Hopefuly, during the 3 months (June to August), some opportunities will show up again. I would like to tell you why and when, I start to trade on the crowd side !!!
- First case [ Here ]
What about Automated Strategy?
I created a lot of EA and they all blow out the demo account in couple of weeks until I created TAC EA. The demo account is alive almost since 2 years now. This is already an achievement, that's why I'm sure this strategy could be profitable by optimizing, filtring trades. I'm still investigating this way. I have released the version 3 recently (June 2016). Now the EA will enter twice the standard lotsize for the most unbalanced pair. Hoping the crowd is wrong 
Ressources on Sentiment Traders :
- You can read interesting thread from Apiga [ Here ] At least Introduction Post
- More examples can be studied on my blog [ Here ]
- I will try to add more for you.
Cheers
CrazyTrader (PipsFestival)
