Buying the system is completly useless, as is available for free
Only if you can load it, which unfortunatley I couldn’t from your file.
Something that the bought program has, which your screen shot didn’t show, is a timing indicator which has been signalling trend changes well ahead of the charts.
So far this timing indicator is very accurate, but I’m still watching and waiting.
ya. also bad durable goods orders number came out 40 minutes ago and almost threw usdjpy into SL. but the resistance between 81 betwee 81.10 once more held like a boss
Hi CryAgony
iam sorry I didn’t mean the MBFX system, I understand it thank you, what I was referring to is another indicator the one on the down left corner of the price window, that gives signal arrows for multiple time frame,that is the one I wanted
thank you
i missed a resistance at 0.8130 on nzdusd… after all, i would not have entered the trade because reward to risk ration is too bad with 8130 as PT. will close the position now for 10 pips profit. still holding on to the usdjpy for about 5 to 10 pips more.
summary so far: very pleased, fits my trading style and seems to work in combination with my PA knowledge.
I made 17 pips as well on NZDUSD and many more on other pairs. As soon as all trades will be closed i’ll make a resume for the first 3 days fo the week =)
By the way the ones that took in the eurgbp short signal had a very good profit !
ding ding ding usdjpy is the winner. i closed 2 of my 3 initial position for a total gain of ~50 pips. letting my 3rd position run (deviating from the system), because in my eyes there is no resistance in the way up to at least 81.50. this will be my PT for the last position, SL set to break even.
By the way I paper tested some scalps on EURUSD and USDCHF right now, using this system on M5.
Result? Works great
Only difference I encountered is that prices are more “aggressive” in moving towards the extreme lines, so is better entering ONLY at the farthest lines
CryAgony, just two quick questions if you don’t mind:
Does your dynamic COG indicator somewhere have a “number of bars” type of setting and to what number is it set?
Your take profit level is always the blue line? Because sometimes the signal only triggers when you are SO close to the line already, R:R is totally screwed up.