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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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.
so are you using an physical or mechanical indicator or analysing figures are you offering your indicator to the public for sale? Linda
NikolasMaroulas
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@goldshore32, the indicator compares historical behavior of the applied instrument. So, let me say, it has the inherent edge. Of course, it does not make 100% right decisions but I would be suspicious for biases for something like that. The advantage of such an indicator is that makes money constantly. Because, you do not have to calibrate or change variables applying it here and there. You are asking me why not offering it to the public and make money....let's say $5000 per month its value. It makes money and I do not offer it for few bucks. PERIOD