Suggestion Performing forex tool no DDl

I use this "script" to undock a window at mt4... so i have right Weekly and left what i check all the time the daily! .. when a pair in weekly and daily is correlated.. then i pay attention where i can enter

 

What is this script for? It does not stay on a chart.

 

https://forex-station.com/attach/file/3427439

It may help you to follow the instructions in the link.

 

Hi narutopips and all friends,

Its heartening to hear of your experiences, thank you.
In the New York session of last night market, the Performing forex tool displayed a chart which didnt conform to the concept of fundamental behaviour as explained in the accompanying notes of the use of the forex tool:



Observation: In 3rd quadrant, EURUSD had a blue line that was moving south indicating there would be much volatility in the same direction with the EUR based pairs in the 1st quadrant to move south as well. However the EUR based pairs of EURJPY, EURNZD, EURCHF,EURGBP did not display this behaviour as indicated in the strategy notes. One can argue that these are front pairs or leftmost extreme pairs and are therefore positive pairs but we have seen that when the EURUSD is weak and moving south, these EURUSD based pairs would move southwards as well on other occasions.

What really happened: Market data were announced last night which was against the concensus, and the USD dollar was strong which in fact made the other currencies such as Euro itself to be weaker. This was correctly depicted by NZDUSD, AUDUSD,GBPUSD to fall and USDJPY,USDCHF,USDCAD to move upwards.

So following this fundamental concept of the forex tool would have led to trading mistakes last night.

Narutopips, is this why you said ...."you would need a very good strength meter as well...."? Can you please explain more and also how you would use the currency meter with the forex tool, and avoid this seemingly flaw with the forex tool? Thanks for sharing your experience.

 

Exactly that is why I said that. I stayed several times that this indicator should not be used as a stand alone indicator. You do need a your technical analysis as well as a good CSM for confirmation.

 

I am still trying to learn the weekly, monthly and year part of the indicator to see how I can maximize and incorporate it into my trading style.

 

Though I won't consider that as a flaw, in trading it important you trade what you see. The indicator is not wrong, because from the chart it tells that though USD is stronger than EUR, EUR is actually stronger then CHF, NZD etc. this was After the NFP today

 

What you think about the current situation Monday 5Feb.2024
At current time 10.10AM (GMT) Not yet interesting situation to trade.

 

yeah, because as u can see, there is no volume in the market now

 

The secret about this tool Lies on the EURUSD, which is the 3 Quadrant. if its below, eur will sell and USD will be strong. monthly, weekly shows you the trend of EUR and USD, since all pairs are mostly crossed with this.

 

I think this tool is working like a strength meter . Nothing more nothing less.

 

i dont see real potential in this tool.. you get only crazy with the eyes... and get like a flipper if you look there more then 5 minutes

 

Lol. The tool is Great. An indicator is great only when the user knows how to use it. it becomes useless when you don't know how to use it. I tell you, this indicator is a very good indicator. its a must on my chart when i am trading.

 

From looking at the videos of the developer of this tool, I observe the following:

1. The italian developer uses only the Performing forex tool to trade without the need of any other software.
2. Most times he uses big lots. In some videos, he does uses small lots.
3. His trades almost always make money- and big profits. Only once did I notice he lost money on a trade in his videos.
4. He makes a point of telling his clients and potential customers that his forex tool is not a currency strength meter.

I believe we have yet to know the SOP ( standard operating procedures)on exactly how he uses his software to produce the sterling results or performance that he shows in his videos. His results are nothing short of excellent!

It doesnt help that no one seems to know the name of the telegram group that he posts to his members or that none of us have any further materials showing how he uses the software. Hence the purpose of group help amongst those who are trying out the software and share experiences on using it. As a trading tool, it is useful. Maybe useful tools takes that much harder to learn especially without the proper guidance

 

This is not a difficult tool to learn, it is easy. I understand it fully. this tool is not a standalone indicator, for you to be successful u have to also know your chart technical analysis as well. get a good system, then u would know why he made a profit in some and the reason why he made lots of profit in another forex pair. You would understand the sweet benefit of this indicator when it has an alert or a Notification when it crosses the zero line, 0.3%
and 0.1% which i noticed is the best take profit level.

 

Can we get a notification system for this indicator? or and alert, it would be great. for level 0.3%, zero line, and 0.1%

 

hm an alert based on an external indicator? isnt simple.. we must see if the indi use buffers and how it interprete.. eventually.. so YES... otherwise it will be difficult

in less words, how do you use it Naruto, give important hints, we are a forum where we try to help each other here... how you see.. many share all what they have or find for free

 

R

Read my previous posts i have shared all i know about this indicator. I just discovered one good thing about the indicator just now and it goes like this

 

Will use this diagram to explain to you in details.

 

Look