LOOK - ONE Indicator

[neil]

Found this indicator that might interest some of you "testing" types

See how many losing to winning trades you achieve.

http://www.forexfactory.com/showthread.php?t=202556

Hopefully this is the indicator
http://cdn.forexfactory.com/attachment.php?attachmentid=339915&d=1255987387

 

[trendie]

thanks neil. will have a look at it.

No indicators, 1 indicator...

Is this some sort of reverse strip-tease?

 

[neil]

In case your shy

thanks neil. will have a look at it.

No indicators, 1 indicator...

Is this some sort of reverse strip-tease?

It's for the shy or timid person in case they want to wrap themselves in a nice soft cosy indicator:cheesy:

 

[neil]

get yer kit off

But, having looked at the chart I think one would still be better off with a ruler to draw trendlines and support/resistance.
However, if indicators are your thing then go ahead and gorge yourself

 

[oiltanker]

a bar or candle is an indicator so what is a purist to do?

on some charts you can display price as dots....

 

[trendie]

I dont think I'll bother.
The download is an exe, so I cant read the code.
If I dont know why it works, I wont know when it stops working.

 

[oiltanker]

i have a theory you can draw a random line anywhere on the chart and if you buy above or sell below its bound to work in the end.

 

[trendie]

i have a theory you can draw a random line anywhere on the chart and if you buy above or sell below its bound to work in the end.

to all intents and purposes, thats what The Rumpled One esentially does.
I remember when he offered the breakout of the hourly bar as entry triggers.
Then, he had the break of the 00/25/50/75 as triggers.

perhaps you're right.

 

[oiltanker]

looking at the daily chart for me there is a more obvious line one could choose

 

[TheRumpledOne]

If price moves up to the line, go long.

If price moves down to the line, go short.

However, if you don't want to be beaten by the RAT, then only go long or go short. Do not switch - ever! Otherwise, you're Yale material.

 

[neil]

to all intents and purposes, thats what The Rumpled One esentially does.
I remember when he offered the breakout of the hourly bar as entry triggers.
Then, he had the break of the 00/25/50/75 as triggers.

perhaps you're right.

He's still doing it I think