Excellent Indicator to Find Momentum- PTS Trend w/ Magic Entries!!
Service use: Live
Length of use: 3-6 Months
I have been trading Forex actively for the last 8yrs. and I have found this indicator to be of great resource. I have also used Mike's PTS Trend (without Magic Entries) in the past and have had good profits with that too.
This indicator is all you need on your 1/5/15 min. chart to help you Locate/Define Momentum and then also gives you High Probability Entry Signals IN the direction of the momentum. It makes the Momentum Analysis for 15-20 pairs much easier.
The sample setups provided on the website give clear instruction on how to use the indicator most effectively.
I am looking forward to testing more of Mike's Indicators such as V-Power, MACD RSI Divergence, Double-Top/Bottom on Higher Timeframes (1hr/4hr/D) and then use PTS Trend w/ Magic Entries for signal on Lower Timeframes to further increase my profitabilty.
I highly recommend that you download the Trial Version of the product. I am sure you will Like it, Buy it and find it useful!