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Project Spio Trading system & Journal -Deadly accurate
Sorry to hear that, I've been rather busy lately so I haven't had a chance to make a meaningful contribution here. I don't do the facebook thing, no offense but, I view that like a thing for high school girls not to mention all the stuff about hacking and so forth. Anyway I hope you do well.
Kbit
As part of my journal(even though im not posting any trades,)
I'll just put my monthly statements every month so that in the future, I can look at it, either to see how bad I was or how good I was back then. Hopefully, in the future, I'll get better.
The ROI has been a great run for me.
I'm still trying to maximize it as much as possible, its already at 423% a month now.
In the last week, I used a technique called reverse pyramiding to increase my ROI, the results were a success, notice the huge jump in balance.
I find this thread interesting because I am well aware of the origin of the Multiwave indies and their development. In fact, I at one time was involved with testing them with their creator. I had abandoned them long ago, but now I've found renewed interest in using them as-is or modifying them to help identify true supply & demand levels on longer timeframe charts (4hr & up).
The original MW indie was a 30-min RSI-3 overlayed onto a 5-min RSI-3. Their convergence at the extremes (89 & 11) was generally an indication of overbought/oversold conditions. It was also meant to be traded using live candles on a 30-min chart. The bad thing about it was that you had to be sitting at the chart to see the convergence, which often happened very quickly (remember, we're looking at a live candle entry), and once the 5-min RSI-3 candle closed the convergence may not be visible as an extreme (89 or 11 level) convergence. Anyway, that's just a little background for you. Maybe someone can use that info to improve their trading if they are using it. Don't trade it by itself though or you will kill your acct. Always use it in confluence.
The Multiwave-W consists of four williams % R signals overlayed. Values 5, 8, 13, & 21 (all fibo #'s like rest of system). Since the code is open in the mq4 some of you probably figured that out already.
“Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.”--Albert Einstein
