Google

Tuesday, January 29, 2008

Forex Killer version 1 is better than version 2?

Input the 10 previous price on the hourly chart of GBP-USD, I get two different signals, depending on which version of Forex Killer. Below is version 2, which gives a Sell signal, with probability of 62%:

What is perplexing is why does it give a SELL signal when the graph clearly shows a long-term uptrending? It is only in the last price that is going down. How can this justify a SELL signal at 62%?

Next, I repeated the exercise using version 1. And this is what I got:



Notice that it is much easier to input price values in version 1. Firstly, I can just type 4 digits (and 3 digits in the case of JPY). I don't have to type in 1.9841, it is sufficient to just type in 9841. When I did this in version 2, I get a strange flatline. Secondly, in version 1, after entering a price, and pressing Enter, the input box clears by itself and I can enter the next price. But in version 2, I had to use to the mouse to use the mouse to click in the text box first, after each Enter key - this slows input down quite a lot. But the most starling thing is it gives a NO TRADE signal even though the Sell probability is 69%.

However, version 2 has the added Long Term Signal analysis which says NO TRADE. That alone could indicate a No Trade, if we only wish to enter a trade when both ST and LT agrees.

A possible trading strategy, which is highly conservative would be as follows:

SELL when both ST and LT indicates a Sell Signal AND,
the probability for the ST is 70% or above (as is the case with version 1).

BUY when both ST and LT indicates a Buy Signal AND,
the probability for the ST is 70% or above (as is the case with version 1).

Having said that, I still have a nagging feeling that Version 1 is a better signal indicator - for the reasons discussed above.

2 comments:

Anonymous said...

I still use version 1, give me 67% win trades so far.

forex killer

Blogger said...

Hello Ya'll,

Below is a list of the most recommended forex brokers:
1. Most Recommended Forex Broker
2. eToro - $50 min. deposit.

Here is a list of the best forex instruments:
1. ForexTrendy - Recommended Probability Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.

Hopefully these lists are benificial to you...