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.
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 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)