Topic: FREE Double Top/Bottom Indicator - Good Edge
my name is Mike Semlitsch. I'm a professional software developer and I trade since more than 10 years.
My website is www.PerfectTrendSystem.com and I'm happy to provide you a FREE Double Top/Bottom indicator for the MT4 platform which gives you a solid edge over the market:
The following video shows the great potential of this indicator. The 35 trades in the video had a theoretical performance of 128% profit with 2% risk per trade.
With theoretical performance, I mean that this could have been the profit if you would have exited every trade at the optimal price level. Of course, this can’t be achieved during real trading conditions where you don’t know future price moves.
But the video shows that the raw signals of the indicator (without visual filtering) produced 24 winning trades and only 11 losing trades. In the video, I count a trade as a winning trade if it reaches at least 1R profit (1R = initial risk of the trade). So, these raw signals would be already very profitable if you place the target for all trades at 1R and then leave the trade alone, without trying to find the optimal exit.
Attached is a PDF-file in which I describe the underlying concepts why this indicator is so profitable and how you can even have a better performance through visual filtering.