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Thread: Most Profitable Forex Indicator Known to Mankind

      
  1. #101
    Hindsight Hero! DickP's Avatar
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    Quote Originally Posted by Defariak View Post
    Anyone trading soley on price action without any indicators or fundamental analasyst at least is going to eventually get into a run of bad trades that will wipe them out.
    If you dont have the motivation to learn what the indicators do and how they work then you have no business trading, youre going to eventually wipe out.
    So back to the most important aspect of trading, edjucate yourself on how everything works what to watch for and what to keep away from, indicators will save you alot of heartbreak if used right, trading on price action alone will get you into tons of trouble.
    If I handed my money over to someone (which I would never do) to have them trade for me and they lost it but they were doing everything they could, by using indicators, charting methods, fundamental analasyst,chart patterns, etc etc then I cant really blame them and I couldnt be mad, but if that same person wasnt using all the tools at his disposal and was just looking at prices and placing bids, I would shoot that dude in the face! heh
    That's exactly how I feel, I mean, following price is one thing, but ignoring Fibonacci Levels can get you into some crap trades.



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  2. #102
    Pips Are My Game bear's Avatar
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    im totally confused... to use indicators or not to use indicators
    "The box said 'Requires Windows XP or better'. So I installed LINUX..."


  3. #103
    Primordial FX Goo mike514's Avatar
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    Thumbs up

    I don't know if you guys are familiar with this indicator, it's called the LMT Forumla (LMT Stands for Low Maintenance Trading)

    I have been using this indicator for almost 2 month now and NEVER had a loosing trade with it. It is very well conceived, let me show you a screenshot.

    This indicator works on the H4 And Daily Charts only, basically it does all the dirty work for you; all you have to do is take a look at your charts every 4 hours to see if there's a new signal and it works on EVERY CURRENCY PAIR... Even Futures and Commodities.

    It's not an EA so it doesn't pull the trigger on its own, you have to be the judge and decide whether the signal is valid or not. And this is what the "trigger" indicator is for. At the bottom, you will see some kind of an oscillator, when it forms like a spike or a rounded shape, it indicates a strong reversal, that's what you want to see before pulling the trigger. Plain and simple; RED -> SELL ... GREEN -> BUY

    And you'll see on the Top Left corner, that it even tells you what SL and TP to use ... what else could you possibly ask for ?

    Mike; I really like the TopGun Charting System, this will definitely be my next investment as soon as I can build enough equity to make it worth it. But meanwhile, my heart is with the LMT Trading system.

  4. #104
    Primordial FX Goo mike514's Avatar
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    Wink 4x Pip Snager System; works 4 me :)

    Here's another system that I use for Scalping, it works pretty much on every pair; but it's recommended to use it on the EURUSD; personally I like to use it on the EURUSD, EURJPY and GBPUSD. As you can see on the picture, it has helped me capture a nice 57 pip move on the EURJPY during the Asian&Australian sessions today.

    The way this indicator works is that the Trend line will turn from red to blue depending whether it's a good time to buy or sell. Then what you need to look for is a good separation gap between the trigger line (green dotted line) and also the Diamonds on the bottom need to be in the appropriate color to confirm it's a good trend. They call it the "Filter" indicator.

    I also added 2 more indicators on the bottom that are not part of the system. One is Market hours (blue: Sydney, Yellow: Tokyo) And the next one is a 5,3,3 Stochastic which helps me decide when to pull the trigger. If the market is bearish - like in this scenario - I'll wait for the stochastic to cross above 50 to indicate the end of a pullback before opening my position.

  5. #105
    Administrator Mike's Avatar
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    Quote Originally Posted by DickP View Post
    But why? Show me examples of how price without any indicators is going to get you into good trades and keep you out of crap trades? For instance, god forbid you didn't draw a fib on a chart and you buy into resistance, despite what the candle might look like, your going to most likely lose many pips because you are buying into resistance.

  6. #106
    My Pip Hand Is Weak
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    Quote Originally Posted by mike514 View Post
    Here's another system that I use for Scalping, it works pretty much on every pair; but it's recommended to use it on the EURUSD; personally I like to use it on the EURUSD, EURJPY and GBPUSD. As you can see on the picture, it has helped me capture a nice 57 pip move on the EURJPY during the Asian&Australian sessions today.

    The way this indicator works is that the Trend line will turn from red to blue depending whether it's a good time to buy or sell. Then what you need to look for is a good separation gap between the trigger line (green dotted line) and also the Diamonds on the bottom need to be in the appropriate color to confirm it's a good trend. They call it the "Filter" indicator.

    I also added 2 more indicators on the bottom that are not part of the system. One is Market hours (blue: Sydney, Yellow: Tokyo) And the next one is a 5,3,3 Stochastic which helps me decide when to pull the trigger. If the market is bearish - like in this scenario - I'll wait for the stochastic to cross above 50 to indicate the end of a pullback before opening my position.
    That looks really useful, do you have more examples?

  7. #107
    My Pips Are Growing
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    Quote Originally Posted by mike514 View Post
    Here's another system that I use for Scalping, it works pretty much on every pair; but it's recommended to use it on the EURUSD; personally I like to use it on the EURUSD, EURJPY and GBPUSD. As you can see on the picture, it has helped me capture a nice 57 pip move on the EURJPY during the Asian&Australian sessions today.

    The way this indicator works is that the Trend line will turn from red to blue depending whether it's a good time to buy or sell. Then what you need to look for is a good separation gap between the trigger line (green dotted line) and also the Diamonds on the bottom need to be in the appropriate color to confirm it's a good trend. They call it the "Filter" indicator.

    I also added 2 more indicators on the bottom that are not part of the system. One is Market hours (blue: Sydney, Yellow: Tokyo) And the next one is a 5,3,3 Stochastic which helps me decide when to pull the trigger. If the market is bearish - like in this scenario - I'll wait for the stochastic to cross above 50 to indicate the end of a pullback before opening my position.
    Mike can you show a video of this method?

  8. #108
    AK47 PIPS DarkManFX's Avatar
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    Quote Originally Posted by mike514 View Post
    Here's another system that I use for Scalping, it works pretty much on every pair; but it's recommended to use it on the EURUSD; personally I like to use it on the EURUSD, EURJPY and GBPUSD. As you can see on the picture, it has helped me capture a nice 57 pip move on the EURJPY during the Asian&Australian sessions today.

    The way this indicator works is that the Trend line will turn from red to blue depending whether it's a good time to buy or sell. Then what you need to look for is a good separation gap between the trigger line (green dotted line) and also the Diamonds on the bottom need to be in the appropriate color to confirm it's a good trend. They call it the "Filter" indicator.

    I also added 2 more indicators on the bottom that are not part of the system. One is Market hours (blue: Sydney, Yellow: Tokyo) And the next one is a 5,3,3 Stochastic which helps me decide when to pull the trigger. If the market is bearish - like in this scenario - I'll wait for the stochastic to cross above 50 to indicate the end of a pullback before opening my position.
    dood, where the hizzell can I find that?

  9. #109
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    I like the Heikein Ashi, mixed with Fisher. 2 different indis looking at different variables, but when they two collide you get some nice profits.

  10. #110
    I am Part Pips tab's Avatar
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    Quote Originally Posted by Mike View Post
    This video makes no sense to me...

  11. #111
    Administrator Mike's Avatar
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    Quote Originally Posted by tab View Post
    This video makes no sense to me...
    Sorry, nothing is perfect

  12. #112
    Pippier Than Thou! McPott's Avatar
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    Quote Originally Posted by mike514 View Post
    Here's another system that I use for Scalping, it works pretty much on every pair; but it's recommended to use it on the EURUSD; personally I like to use it on the EURUSD, EURJPY and GBPUSD. As you can see on the picture, it has helped me capture a nice 57 pip move on the EURJPY during the Asian&Australian sessions today.

    The way this indicator works is that the Trend line will turn from red to blue depending whether it's a good time to buy or sell. Then what you need to look for is a good separation gap between the trigger line (green dotted line) and also the Diamonds on the bottom need to be in the appropriate color to confirm it's a good trend. They call it the "Filter" indicator.

    I also added 2 more indicators on the bottom that are not part of the system. One is Market hours (blue: Sydney, Yellow: Tokyo) And the next one is a 5,3,3 Stochastic which helps me decide when to pull the trigger. If the market is bearish - like in this scenario - I'll wait for the stochastic to cross above 50 to indicate the end of a pullback before opening my position.
    That is magnificent, please share with me the indicators, you can upload them right into this discussion

  13. #113
    My Pip Hand Is Weak
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    please tell me what best indicator is

  14. #114
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    Have any of you looked at the HVMM system? It looks pretty neat. Comes with the range bars and has a tight stop to it. You can also add your own indis if you want.
    I like systems that don't hawg the computer resources, easy to look at on the chart and most of all ... profitable.

  15. #115
    Hindsight Hero! DickP's Avatar
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    Quote Originally Posted by c0deZ View Post
    Have any of you looked at the HVMM system? It looks pretty neat. Comes with the range bars and has a tight stop to it. You can also add your own indis if you want.
    I like systems that don't hawg the computer resources, easy to look at on the chart and most of all ... profitable.
    You got a link for this HVMM system???



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  16. #116
    Pips Are My Game Matt's Avatar
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    Quote Originally Posted by mike514 View Post
    Here's another system that I use for Scalping, it works pretty much on every pair; but it's recommended to use it on the EURUSD; personally I like to use it on the EURUSD, EURJPY and GBPUSD. As you can see on the picture, it has helped me capture a nice 57 pip move on the EURJPY during the Asian&Australian sessions today.

    The way this indicator works is that the Trend line will turn from red to blue depending whether it's a good time to buy or sell. Then what you need to look for is a good separation gap between the trigger line (green dotted line) and also the Diamonds on the bottom need to be in the appropriate color to confirm it's a good trend. They call it the "Filter" indicator.

    I also added 2 more indicators on the bottom that are not part of the system. One is Market hours (blue: Sydney, Yellow: Tokyo) And the next one is a 5,3,3 Stochastic which helps me decide when to pull the trigger. If the market is bearish - like in this scenario - I'll wait for the stochastic to cross above 50 to indicate the end of a pullback before opening my position.
    yea please tell us some more about this
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  17. #117
    AK47 PIPS DarkManFX's Avatar
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    Heloo???? Where cacn we find this?

  18. #118
    My Pips Are Growing BBFX's Avatar
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    I'd like to know the answer as well!!!

  19. #119
    I Breathe Pips Jones's Avatar
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    I guess he is not going to answer you mates.

  20. #120
    My Pip Hand Is Weak FXTechTrader's Avatar
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    To each his own, as goes in Forex trade.