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I dont mean to criticize, but I dont see just the indicator in question on your chart. I see several other indicators as well as a time frame chart that is not common. If you are making money and not just on Sim, then I dont see how encouraging others to take the trial is going to work out without all of the other confluences you are using.
In other words, you are saying the "package" is working? Not the indicator alone? (I hope that makes sense.) In other, other words, you are offering a recipe that tastes good, but telling others they too can have the same outcome with the indicator alone. w/o all the other ingredients you are using?
I personally use the indicator by itself and have never had great results. Maybe you can share all of the bells and whistles you are using? After all, if you are successful than I should also be successful. or get a few good trades using the identical set up?
I must be doing something wrong in the light of one of his reviews? One of the reviews on his website says "Well after 26 eval's seven blown PAs I can say that I'm in love with this indicator first day 150 K PA and Im green on a Friday and I'm super excited." Wow! I must be doing something wrong.
- Do you have any product, service, or affiliate based items for sale?
- Do you earn any income whatsoever from this vendor?
- Explain your relationship to the vendor
So, I use the backdoor indicator mostly. I also have an ATR Trend indicator "The Indicator Store ATR Trend" that I use to confirm the trend direction, regardless of UAI or the backdoor. The ema's noted on the chart are the 20 ema and 100ema, which I use to help confirmation direction. The background screen that I use, I developed, and is based on the change of the slope of the 10 ema and price above/below the 20 ema. The two ribbon bars are also based on slope change of the 10ema and price above/below the 20 ema.
As shown on the screens attached I enter when price goes above or below the backdoor indicator which is the small line on the price bars. I will exit if price of the future bars either go higher or lower depending on the direction of the trend of the high/low of the previous bar. That is what is displayed in these two set of charts. I am showing the charts where I made my trades and also without them so you can better see the backdoor indicator. I have published these rules and given out the indicators to other traders within the SLACK chat group without cost.
I trade using APEX accounts of either 50k, 250k and 300k size. I have over a dozen APEX PA accounts that I trade
All I am suggesting is give it a try using the trial, get access to the SLACK chat group and learn from others. Each of us has to take our own course of action. This post started with someone asking if they use this product. I do, and I have trained all of my grown daughters and grandchildren to also use it. There are over 600 members within his SLACK user group.
Again, this can be used on any chart type, I just prefer the unirenko, alone with my supporting indicators I have developed.
I do not. I am a user only to the vendor. I created some indicators to use with this vendor indicators and I have provided them for free on their SLACK chat site.
Did you get anything out of this indicator ?
I read somewhere that it repaints a lot. Is it true and did you find any particular method where it performs better ?
No, I still have the same opinion. I tell everyone to make sure they try it before they buy it. The trial costs $$. I think it was $75.00 for 10 days, last I remember? (It is not like Costco, and they give you a sample to know if it is good or not. So whether you like it or not, he charges for the trial.) I don't see what is wrong with a free trial because anyone who makes money would pursue it.
I don't say much in the room anymore because if you mention anything negative about the indicator, the others shun you or don't respond to questions. I get the silent treatment. This has been my experience.
I know I have said it before, but I buy a great deal of indicators, and this is not one of my favs due to losing money. The Vendor says it does not repaint, but I cannot say it does or doesn't. I just know I get stopped out a great many times when I follow his instructions on a 5m chart. So I have been discouraged from using one of the more expensive indicators I purchased.
And I will say that while this indicator is sold as a standalone indicator, they keep adding other indicators to use it for trading. They continue to find other indicators to help it. And it doesn't seem to be the Vendor providing the other indicators to help, but it is the traders in the room. I am glad others try to find confluence, but this indicator was 1000 dollars, so why does it need other indicators to help identify trades? As you can read from the post above, It appears he doesn't confide in the indicator alone. Just my opinion.
The "signals" are TSSupertrend arrows converted to triangles (you need to go into the code to change the arrows to triangles).
The main signal is probably set to ATR, 3, 1, EMA, 7. The fast, or intrabar signal, is set to Addaptive, 1, 0.5, TEMA, 3. That's an approximation but you can play with it. The KEY is that the indicators are set to "ON PRICE CHANGE", not BAR ON CLOSE. This is why you see the signals snap on and off.
The entries are based on the previous candle as per the arrows I drew on the jps I uploaded here.
Add a trend filter like an EMA 100, and you're all set to do the same thing.
He uses tight profit targets and stops. This is NOT an automated system, no matter what he says. It's strictly discretionary because the entries and exits are up to YOU. If it was automated, it would be hand's free, and it's not.
Yes, it can work, if you know how to manage these trades, but it's not rocket science.
If you can't set this up yourself, then buy his indicators and follow his methodology.
The charts below are 1 minute and 5 minute, which is what he's been using lately.
I appreciate you jumping in. I have a question since you mentioned "TSSupertrend arrows". I dont mean to sound sarcastic in any way, but why not just find a good Supertrend indicator that can do what this thousand dollar indicator is attempting to do? Are you thinking the super trend can compete with it? Thanks