If you have been trading long enough, I believe you will be very familiar with the technical indicators, ie Bollingerband, MACD, Williams, Commodity Channel, Relative Strength Index, Parabolic etc.
But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?
I had heard of extreme comments from other traders, ie “indicators do not work”, “don’t waste your time using indicators”, etc. Possibly those traders have been losing a lot of money using indicators in their trading and possibly they have learned to trade forex the wrong way.
In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.
Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products. From this research we have discovered BL TS System. All of our student learn to trade forex using BL TS System.
In our website under “Our Trading Secret“, we mentioned that we have evidences to show that using fixed indicator will not be profitable strategy in the medium term. You have to choose the correct indicator for the correct currency pair.
Let us use AUDUSD as an example. The graph below will show you what is your equity value if you have been using those indicators to trade AUDUSD for the past 6 months.
The graphs show that if you have been using MACD and Bollingerband to trade, you will do well. But in order to know which indicators to use for respective currency pair, you need a software to perform the back testing function.
Most vendors will provide the back testing function on a subscription basis (US$150 per month), so if you need to perform back testing for 1 whole year, that will be very expensive for the trader. But we provide the software for a one-time fee of only US$300.
If you are interested to purchase, please send email to us at metal.commodity@tradingeducationprogram.org. Coaching on installation and testing will be provided.
————————————————————————————————————————————————————————-
Besides using the software for back tesing, you can also use the software to generate trade signals. Below shows the software that I have used for my own trading as well as for my students.
The chart shows that if you have been using this software to trade USDCHF from 1st January 2009 to 20 November 2009, your capital will grow from US$10,000 to US$12,960.
Below shows the analysis of the returns:
Gross profit is US$4,291.71
Gross loss is US$1,331.64
Total trade executed: 53
Profitable trades: 37 (69.91%)
Losing trades: 16 (30.19%)
Largest profit: US$256.96
Average profit: US$115.99
Maximum consecutive wins: 8 trades
If you are interested to purchase, please send email to us at metal.commodity@tradingeducationprogram.org. Coaching on installation and testing will be provided.
