emmanuel forozis
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I was wondering if anyone was using this autochartist feature? and if they have been having success...
anyone using autochartist feature?
- Thread starter emmanuel forozis
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Dentalfloss
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looked at it.
Be very careful if you use it..in the wrong hands it can be very dangerous
Be very careful if you use it..in the wrong hands it can be very dangerous
emmanuel forozis
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Thanks for the reply, what do you mean, can be very dangerous? False impresion etc..?
Which autochartist? IGIndex??
emmanuel forozis
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Yes, IG markets also provides autochartist,along with many others.
shadowninja
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Didn't like it. It was making calls I disagreed with and would have lost money on. That was with a hell of a lot of customisation to remove stupid things like TLs on 5 minute charts and fakeout signals. The other thing it would do is give signals for trades I'd have taken but 30-50 pips before the signal should have been given. I really wonder if the coders have ever made money from trading.
In short, it's ****.
In short, it's ****.
emmanuel forozis
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Very interesting, good to know to say the least !thanks for heads up guys.
like any software/indicator, you have to use it with discretion. People looking for certainty in their trades should not be in forex. If it can help sort out the massive amount of data out there by showing patterns and trends, plus the traders personal tools ( candlesticks, indicators, etc) then it can be of assistance to creating high probability trades. We have used it with solid results over the past 6 months.
