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Might be an old thread but still, would like to thank you guys for figuring things out. Someone in another forum was recently promoting this Ablesys, saying it is very a profitable system created by some Chinese guy living in California, and we can make back the fees with just 1 week of trading, which sounds too good to be true to me...
I am now experimenting with various settings on the shared indicators. Once again, thank you guys.
Numbers work... Magic lies in the numbers
The following user says Thank You to dyst for this post:
Great thread. I was looking at this and would never spend $3000-$4000. Glad you all debunked it. Looks like the Supertrend indicator is a useful indicator so I’ll try to find it in the downloads. Thank You.
Dot color has to line up with the bar color. They use the dots as stops 2 levels back and trail. They say best applied to a 5min or 3min chart. Dots come from a longer term time frame 3X the entry chart.
The following user says Thank You to longboat for this post:
It's supposed to be used as a STOP LOSS method similar to the PAR SAR, but people end up using it as a trending indicator and get completely spanked when the market chops. If you do decide to use this indicator, make sure you are able to identify chop or you'll get crushed.
I'm also calling BS on the 3x timeframe because this would be logically impossible if it was really using a higher MTF to chart the dots.
I looked at this software a few years ago. If you get sample charts from AbleSys, you will find that each chart is optimized with DIFFERENT settings even on the same timeframe to make it look good. Keep well away and don't waste your money!!
The following 3 users say Thank You to iq200 for this post:
I just finished a 30 day trial of Ablesys. I was not impressed-even with their "15% discount" if you purchased during the trial which came to about $5,800.00. It looked to me like too much risk on a lot of trade setups and the goal post kept moving. When they did a nightly recap they would say one thing but the charts showed another. Another website Serenity Trading where the guy is friends with the salesperson from Able uses a totally different setup with longer term support and resistance shown. While he claims to trade the system there are a number of trade setups he will not take if they do not pass muster on the higher timeframe. Able specifies a 1, 2, and 3 min chart. Serenity uses 1,2,3, and 15 then has another chart with a 3 and 9 minute. Lastly, there is no written documentation with the Ablesys software. They want you to watch their videos which again sometimes deviate from what your charts would show during the same timeframe.
The following user says Thank You to steve47 for this post:
