Most Forex traders lose all their money.
Using the indicator posted here in trading Forex does not guarantee success.
Trading this indicator could lead to serious financial loss.
Trading this indicator without understanding its underlying trading strategies guarantees traders will lose their money.
This is not a set-and-forget indicator; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This indicator requires frequent manual intervention.
Hi friends,
please do not take what I am talking about here very seriously, but who knows ?
From some time ago, when I was learning to code, I wanted to develop an indicator which was capable of telling me when to buy or sell. I did not want any arrows
, only two plain words: Buy or Sell in the chart. Also, the indicator had to be independent from the timeframe of the chart. At any timeframe, the indicator had to be coherent and only tell you one word: Buy or Sell :youknow: .Well, things are not so easy (not only black or white) and I had to reprogram the indicator and let enter two words more: Trend Up and Trend Down, that were not so assuring as Buy or Sell.
Resuming, I have got an indicator codenamed SIBOS (Simple Indicator Buy Or Sell) that is independent of the timeframe, that can give you some signals about the trend, or some recommendations about buying or selling at the moment you attach the indicator to the chart.
I do not use this indicator live,because I am more fond of EAs.
I have said many times that the HGI indicator is magnific and I have used in many EAs, but I think that I need an indicator that detects accurately the cycles.
Based in these ideas comes the SIBOS Cycles indicator, that I am using in the EAs based in Ehler's cycles.
This indicator has not expiration and it is free. I like it. You can use it in any timeframe, but the result will be the same.
Regards
José Luis
