Hi All,
My friend has recently bought version 4.0 of stock maniacs.
It is all bullshit!
He went all out with enthusiasm with the system and endedup in losses.
If you back test the system, u will end up in losses all the time. When this question was posed to them, they said, it will not work for rangebound market.
But unfortunately always we get mixed rangebound and trending days
never it is simple range bound nor trending.
instead as already suggested in this forum, i tried to trade in 315 cross over as mentioned in other links. and combined with stochastics, and RSI and MACD and devised i started going long or short based on 315 crossover and exit at stochastics cross over and I see RSI also if exitingon selling( considering <50% as appropriate.)
With this i am able to make better trade.
Tstochmaniacs have introduced anotther trend filter for hourly time frame it appears it is also eyewash.
My advise for all is not not to pay for any system and develop ur own with available free systems and enjoy after back testing the system designed by you.
even simple 315 combined with stochastics cross over will give very good benefits if followed strictly
whipsaws are inevitable and try to reduce them by using filters
My friend has recently bought version 4.0 of stock maniacs.
It is all bullshit!
He went all out with enthusiasm with the system and endedup in losses.
If you back test the system, u will end up in losses all the time. When this question was posed to them, they said, it will not work for rangebound market.
But unfortunately always we get mixed rangebound and trending days
never it is simple range bound nor trending.
instead as already suggested in this forum, i tried to trade in 315 cross over as mentioned in other links. and combined with stochastics, and RSI and MACD and devised i started going long or short based on 315 crossover and exit at stochastics cross over and I see RSI also if exitingon selling( considering <50% as appropriate.)
With this i am able to make better trade.
Tstochmaniacs have introduced anotther trend filter for hourly time frame it appears it is also eyewash.
My advise for all is not not to pay for any system and develop ur own with available free systems and enjoy after back testing the system designed by you.
even simple 315 combined with stochastics cross over will give very good benefits if followed strictly
whipsaws are inevitable and try to reduce them by using filters