TopGun

Hi … I don’t see any posts here about TopGun software from LeverageFX (Google it to find it). Has anyone used this software? I hear they have 2 indicators, buy/sell pressure and a ‘multi-map’ that are not found on any other software and these two show more accurately when buyers or sellers are ‘drying up’ so you can better time exits or entries.

Any comments would be appreciated :slight_smile:

I answered my own question … I tried the sofware for about a month and did not see anything that special about it. The main thing was supposed to be the buy-sell pressure and multimap, but there are mm indicators written for MT4 and there is an indicator called ‘juice’ for MT4 that I think is more accurate than the b/s pressure on TG.
My impression was that the big emphasis is on scalping, they have a live chat with a couple of mods who mostly encourage scalping using a 2 min chart, for 2-6 pips at a time. Not my style.
I also found it was a resource-hog and to run it I had to disable both virus software and firewall protection. I prefer to have my computer protected :wink: It crashed usually once or twice a day and sometimes took a long time to load the charts.

They do have daily training classes which I heard are pretty good but since it costs $500 to attend them, I did not sign up for them.

Also to run the software you have to have an E-signal subscription which costs $100 per month unless you trade 100 mini lots or 10 full lots per month. This is supposed to be discretionary … I have heard from some people who while learning the system, only managed to trade 70-80 lots the first month, or even less, but were not charged the $100 by their broker. My (now former) broker FXCM did charge me the $100 even though in my first full month of trading, after barely 3 weeks I had traded 97 lots! Even though the month was not complete and I was only 3 lots short, they choose to deduct the $100 from my account.
So they got their $100 but lost a client. (This was not the only reason for my leaving them, but was the last straw)