FOREX Q&A PODCAST NOTITIES

EPISODE 9: Should I pay for indicators?

Most traders out there are tired of having that same information jammed in to
their head, over and over again and having that information not helping them
trade. Having it not work.

And when that happens you lose money, and when you lose money all that
self-doubt creeps in and you start to wonder: oh gosh, I thought I was
intelligent enough to go in this market and make some money. Am I not? Is it
me?

Turns out it’s probably not.

I mean it certainly could be.

You have probably made a lot of mistakes. But more than anything it was the
way you were set up.

And continue to have that mis-information thrown at you every single day.

Those to you who have listened and seen all the YouTube video’s you now have
opened your eyes to it and you have been able to see it.

It was not your lack of intelligence, it was your lack of curiosity

I searched for a better way to do things. And that search led me to the fabulous
world of Forex Trading Indicators. And once I did that, I sat there, looked and
said: Holy shit, there are a litterly a thousands of them out there to use. Why is
everybody sitting there talking about the same 10 or 12.

And after I found this brand-new horizon, I start to work. I outworked

everybody. I don’t know one forex trader that did the time and research that I
did.
And over the course of time I’ve put together an algorithm. It’s very simple.

It’s just a series of 6 sometimes 7 indicators.

That are used to get me in the best possible trade ENTRY’S.

And over time especially if you stick with the YouTube channel.
We are going to put in an algorithm for you.

Not exactly piece by piece, but I’m going to give you the structure for it. I will
tell you the pieces that you need and then it’s up to you to go fill out the
blanks.

Now there is some really good news. I will give you one of the indicators that I
use, and I will never do that again. Go watch the ATR Indicator video, that is the
only tip I’m going to give you.

Putting together this algorithm for yourself will not take you nearly as long as
it took me.

I hate the RSI indicator, because there are way more indicators out there that
do what the RSI tries to do.

I have tested a thousand different indicators on different currency pairs and

different timeframes and on all different settings of the indicators.

Let’s say I tested out 2000 indicators, 1900 of them where trash. Just because
these indicators are outside of the dirty dozen doesn’t mean they’re any good.

Most programmers are not traders.

Out of the 100 that where left, I would say at least 50 had some violaty in
them. You could have actually used them, but those weren’t great so I deleted
those as well.
That means that the 50 that where left were damn good. And I even limited
that to 7.

I still keep those 50 around. Because sometimes I discover some tweak here
and there that I didn’t think of before. And turn that indicator into something
better than I already use. I’m constantly trying to improve my system.

But I call those my top fifty.

Now out of those, out of my top fifty.. how many of those did I pay for?

Zero.

And make no mistake I have paid for indicators. I have spent from 3 dollars all
up to 50 dollars for an indicator that somebody else was advertising.

Knowing full well that it probably wasn’t gonna work, but if I did..
Even 50 dollars is a small price to pay if has potential that it could make you
millions of dollars

So I had no problem throwing money around for an indicator that worked,

problem was it just never did.

So here is the real difference between a paid indicator and a free indicator:

Both of them have similarities. I mentioned this idea in the RSI video, because
however showed you the RSI for the first time and whoever keeps on doing it
now. They all do the same, the showed you a cherry pic example on a perfect
time, on a perfect moment, on that perfect currency pair, on that perfect
timeframe where the RSI worked perfectly.

And the people who create the other indicators do the exact same thing.

The only difference between the guy that created the free one and the guy
who created the paid one is the guy who created the payed one had the sense
to charge for it. And make a little bit of money.

That’s the only difference. One is not better than the other.
Chances are they’re both going to be equally shitty. But the only way to find
out if they work is to download them yourself and than back test it and
forward test it.

See if it worked in the past and then plug it into you demo account and start
trading with it.

And you cannot do that with the paid indicators unless you buy them first.

And it just so happened, at least on my end. That none of those indicators paid
out. I don’t regret paying for them but I’m you right now, you really don’t have
to.

Now for that some extra good news, I did say that apart from the ATR there is
no chance I’m giving anybody any of my indicators right now. But those top
fifty, I’m gonna leak a few of you to you over time. And what you will be getting
is a gangster of an indicator that has been tested by somebody that has tasted
thousand.

But you have to promise that you have keep on grinding to build you own
perfect algorithm.

You also need to know that trade entries are not as important as money
management. That is really the thing you need to get RIGHT.

Even tho it’s the unsexy part of trading. The sexy part Is the algorithm and all
the things that are getting you the best trade entry.

And I’m giving you really soon some indicators you can plug in right away.

So I need you to go put in the hard work and go on that demo account, take
everything I’ve told you and start testing. You will see some great consistent
results.