Something has been bugging me about all of these systems that use Parabolic SAR and MACD i.e. everyone seems to be making Pips using them but the amount that I have made out of them while testing them out has been minute and I have always entered the trades late and then either got whipsawed out, broken even, or landed in a loss situation (most of the time).
Then I got to thinking (always dangerous but nevertheless read on.
I opened a few more demo accounts (in my never ending search for REAL non-dealing desk brokers) and in testing opened up the charts on each of the demo systems for the actual trades that I have open on my live system at the moment (since yesterday) and put up the same indicators on these demo accounts i.e. Parabolic SAR and MACD.
This is where it gets interesting:
Using the identical settings for the charts and indicators on the demo systems - ALL the demo system charts and indicators were identical to each other and ALL of the demo system charts and indicators were TOTALLY DIFFERENT from the charts and indicators that I have been using on my live system to trade using the built in charts and indicators on my live trading platform.
In other words - let’s say you are using “James’ EUR/USD 45 Pips A Day System” - which is based solely on Parabolic SAR and MACD (both with default settings). Basing my entry and exit points on the charts and indicators on my live trading platform I have opened positions far too late and there have been several indications of entry and exit points over the past couple of hours but they have either resulted in break even or a loss (or a TINY profit) BUT looking at the charts and indicators of all of the demo systems I should not have even considered opening these positions.
Now - like I said before - I am not one for conspicary theories - but - what are the chances of a broker DELIBERATELY altering the operation of the indicators on their trading platform (charts they could not mess with because you would quickly pick this up) so as to ensure that you either entered trades too late, exited too early, or entered trades when there really was no valid signal and it was a losing trade before it even began?
You valuable input would be appreciated.
Regards,
Dale.