A LowTF EURUSD; Piper2, the human behavioral indicator [>LIVE>]
ROI: 1.5% - 2.5%
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Another example of my trading experience and how I trade based on my brand new indicator. Piper 2 imitates human behavior and calculates the reversal odds.
It is far from being described as the holy grail (!), but it owns the inherent EDGE because it has been built based on nature of human logic.
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>>>>QUOTE from previous post<<<<
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Guys, as you already know I have almost 10 years experience in trading. When I was an amateur trader I was trying to find out what could work for me and my beliefs.
I am comfortable being a contrarian trader and I use to try picking up the tops and bottoms; To be honest, the contrarian trader is nothing else than an early trend trader.
So, in order to put the odds in my favor, I developed the Piper 2 indicator.
Let me explain:
After a sharp move, the Piper 2 indicator is increasing over 50%; it means that it is a greater than 50% probability of a price relief. When the indicator is increasing over 65% then it is the time for a U-turn (either as a retracement or a new trend). BUT I trade only when the Piper 2 is coming back below 65%.
I set my SL based on the trends inflection point.
In brief, the number of the Piper 2 indicator (x%) represents the probabilities of a trend change.
Thank you in advance and please be forgiving if I did not explain all the issues. But do not hesitate and be free to ask me anything regarding my indicator.
Nikolas Maroulas
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>>>>End of QUOTE<<<<
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Update idea
*****
Another example of my trading experience and how I trade based on my brand new indicator. Piper 2 imitates human behavior and calculates the reversal odds.
It is far from being described as the holy grail (!), but it owns the inherent EDGE because it has been built based on nature of human logic.
>>>>
>>>>QUOTE from previous post<<<<
>>>>
Guys, as you already know I have almost 10 years experience in trading. When I was an amateur trader I was trying to find out what could work for me and my beliefs.
I am comfortable being a contrarian trader and I use to try picking up the tops and bottoms; To be honest, the contrarian trader is nothing else than an early trend trader.
So, in order to put the odds in my favor, I developed the Piper 2 indicator.
Let me explain:
After a sharp move, the Piper 2 indicator is increasing over 50%; it means that it is a greater than 50% probability of a price relief. When the indicator is increasing over 65% then it is the time for a U-turn (either as a retracement or a new trend). BUT I trade only when the Piper 2 is coming back below 65%.
I set my SL based on the trends inflection point.
In brief, the number of the Piper 2 indicator (x%) represents the probabilities of a trend change.
Thank you in advance and please be forgiving if I did not explain all the issues. But do not hesitate and be free to ask me anything regarding my indicator.
Nikolas Maroulas
>>>>
>>>>End of QUOTE<<<<
>>>>
Update idea