good free indicator
Of course I don't know all the details of there system. However I do notice on the TradeOracle.ch website, in the screenshots, that the indicator drawing the lines to the high and low is freely available on the net, it is an adaptation of the ZigZag indicator that is available in MT4 as default. It looks like these guys snarfed the code and joined it with some other freely available scripts to create there system. Of course there is still value in assembling various indicators into a cohesive whole to produce a unique system, naturally modern info economies are built on the reassemblage of modular component tools into more complex systems.
That many euros is alot for a patchwork of freebies, however I have used systems which repaint indicator bars and it is unnerving. The typical monday morning quarterback, everything looks perfect on the chart, until you are in real time. Realtime is the key, alot of indicators suffer this flaw, does the MA cross one tick and then back again the next, or do you wait for a candle close instead...what if you are using 5 min candles or 15, what about tick chart candles, what if your MT4 server time is a sec different from another.
I also paid for some systems when I started trading, luckily not ones costing 4k, and they were no better than systems you can read about on the internet. Of course the expensive ones made them appear that they were even better, but after attending a sales conference on Advance GET for ESignal ($3000) and being told by the sales rep in his proudest voice that the system had a 55-60% win-to-loss ratio did I come to the conclusion that the system I found on forexfactory for free with 80% win ratio was better. After that is was all down to money management. Of course this wasn't as quick as laying down 4k for a system, I had to surf thru tsunamis of websites to find things and spend days testing and learning. Value is relative, ever get a free upgrade to business class.
On the other side, I know that alot of work on systems is bought and then shared on the internet using file sharing apps like BitTorrent, complex neural network trading software available at places like demonoid.com and some authors would like to protect their creations.
Lastly if there is no guarentee there is no guarentee. If someone spent 4.5k euros without checking that, I think they probably were throwing around there money a bit impudiently and probably deserve a lesson. Lesson learnt with dealing with Forex scams is just as important as lesson learnt trading. Frankly there is so much Trading Marketing that I automatically delete it to the rubbish trash, it makes life so much more pleasant not to have to read those huge webpages which manipulate and take advantage of your desires to sell you some trading system or education, but the crap just keeps on coming....truely FX and affliate marketing is a marriage made in hell.
Of course I don't know all the details of there system. However I do notice on the TradeOracle.ch website, in the screenshots, that the indicator drawing the lines to the high and low is freely available on the net, it is an adaptation of the ZigZag indicator that is available in MT4 as default. It looks like these guys snarfed the code and joined it with some other freely available scripts to create there system. Of course there is still value in assembling various indicators into a cohesive whole to produce a unique system, naturally modern info economies are built on the reassemblage of modular component tools into more complex systems.
That many euros is alot for a patchwork of freebies, however I have used systems which repaint indicator bars and it is unnerving. The typical monday morning quarterback, everything looks perfect on the chart, until you are in real time. Realtime is the key, alot of indicators suffer this flaw, does the MA cross one tick and then back again the next, or do you wait for a candle close instead...what if you are using 5 min candles or 15, what about tick chart candles, what if your MT4 server time is a sec different from another.
I also paid for some systems when I started trading, luckily not ones costing 4k, and they were no better than systems you can read about on the internet. Of course the expensive ones made them appear that they were even better, but after attending a sales conference on Advance GET for ESignal ($3000) and being told by the sales rep in his proudest voice that the system had a 55-60% win-to-loss ratio did I come to the conclusion that the system I found on forexfactory for free with 80% win ratio was better. After that is was all down to money management. Of course this wasn't as quick as laying down 4k for a system, I had to surf thru tsunamis of websites to find things and spend days testing and learning. Value is relative, ever get a free upgrade to business class.
On the other side, I know that alot of work on systems is bought and then shared on the internet using file sharing apps like BitTorrent, complex neural network trading software available at places like demonoid.com and some authors would like to protect their creations.
Lastly if there is no guarentee there is no guarentee. If someone spent 4.5k euros without checking that, I think they probably were throwing around there money a bit impudiently and probably deserve a lesson. Lesson learnt with dealing with Forex scams is just as important as lesson learnt trading. Frankly there is so much Trading Marketing that I automatically delete it to the rubbish trash, it makes life so much more pleasant not to have to read those huge webpages which manipulate and take advantage of your desires to sell you some trading system or education, but the crap just keeps on coming....truely FX and affliate marketing is a marriage made in hell.
