Boomerang indicator system at indicatorwarehouse.com - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Boomerang indicator system at indicatorwarehouse.com
Updated: Views / Replies:79,604 / 176
Created: by Maestro Attachments:16

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 16  
 
Thread Tools Search this Thread
 

Boomerang indicator system at indicatorwarehouse.com

  #71 (permalink)
Elite Member
CA
 
Futures Experience: Beginner
Platform: MT4, Ninja Trader
Favorite Futures: EUR/USD
 
Posts: 495 since Oct 2009
Thanks: 400 given, 625 received


futurestrader1 View Post
I've heard some good thing about the boomerang or whatever it's called: from some research and looking at the boomeangtrader website, which has their charts up I have been able to match their settings.

The Setting for the Moving Average 1 = SMA 14

The Setting for the Moving Average 2 = EMA 5

The Setting for the Force Index is some other indicator I can't seem to match but Perry's version setting seems close enough!

The Setting for the Trade Bias Selector (what a joke) Is the just MACD set to 8/25/7 with the Average line hidden.

Looks like the wanker is selling this package for like $500 with some other indicators....how can the piker sell the MACD, i mean the Trade bias selector for so much money?

Now, they do have special trend bars and arrows..but seems to me it is not needed as you take the trades if the bar is below the MA's anway...forget the arrows.

So again....it's all based on normal indicators and just a moving average strategy like buy above the MA's and sell below them.

Why don't these twats post real trading results?

I just checked for fun and you are spot on.

Andrew

Reply With Quote
 
  #72 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,153 received

Moderator Note
Just a reminder advertising is not allowed. I just deleted a post and banned a user for advertising, the user was "adamnjen" and he was promoting a product for sale on his website. -- Big Mike


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #73 (permalink)
Market Wizard Apprectice
New York City, USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, CL, 6E
 
futurestrader1's Avatar
 
Posts: 147 since Jul 2010
Thanks: 81 given, 40 received


Great good one! But I never saw the post....it would have been interesting and funny to see what he had to say! It is probably the guy from indicatorwarehouse.com selling free $99 indicators.

Ahem, if the boomerang was so good then why did Mohan's broker at Dorman CEASE autotrading the boomerang system? Give up? Well because he said it was getting poor results.

Reply With Quote
 
  #74 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,153 received


futurestrader1 View Post
It is probably the guy from indicatorwarehouse

Yes, it was. Vendors are welcome here, but he was warned previously for advertising, so a ban was required.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #75 (permalink)
Elite Member
Las Vegas, NV
 
Futures Experience: None
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL
 
Posts: 102 since Jun 2010
Thanks: 115 given, 103 received

All auto strategies dont work for long run, we all know that. Doesnt matter who, what, when, where it came from, eventually it will fail....so lets not pin this on Mohan, its just auto strategies suck.

We need our human eyes and enter/exit when we feel its right, not when a program says so right before news announcement....


futurestrader1 View Post
Great good one! But I never saw the post....it would have been interesting and funny to see what he had to say! It is probably the guy from indicatorwarehouse.com selling free $99 indicators.

Ahem, if the boomerang was so good then why did Mohan's broker at Dorman CEASE autotrading the boomerang system? Give up? Well because he said it was getting poor results.


Reply With Quote
The following 2 users say Thank You to marker for this post:
 
  #76 (permalink)
Just starting out...
Petaluma, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, Zen-Fire
Favorite Futures: ES,TF, Guitar
 
Griffin's Avatar
 
Posts: 2 since Apr 2010
Thanks: 0 given, 1 received


perryg View Post
Here is the Index. The attached index was kindly enhanced for me by eDanny a member of this board. It now has colours for Above and Below zero.

I am feeling stupid, as others have obviously figured this out, but I can not see how to download this indicator. I don't see any link to do so, nor can I find a file in the download section that was uploaded by perryg. Yes, I am fairly new here, but have been using forums like this for a long time.

So, how do I download this indicator?

Thanks for helping out a noob..

Griffin


Last edited by Griffin; August 3rd, 2010 at 04:24 PM. Reason: add on quote
Reply With Quote
 
  #77 (permalink)
Just starting out...
Petaluma, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, Zen-Fire
Favorite Futures: ES,TF, Guitar
 
Griffin's Avatar
 
Posts: 2 since Apr 2010
Thanks: 0 given, 1 received


Griffin View Post
I am feeling stupid, as others have obviously figured this out, but I can not see how to download this indicator.

Nevermind. I followed through the thread far enough to learn that the original link was stripped off during some spam maintenance (whew - thought I was losing too many brain cells!). I found a link to the updated file.

sorry for the post - should have read deeper into the thread first!

Griffin

Reply With Quote
The following user says Thank You to Griffin for this post:
 
  #78 (permalink)
Just starting out...
Romania
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 6 since Sep 2010
Thanks: 1 given, 0 received

Anyone else besides Taxman bought this strategy? Anyone?

Reply With Quote
 
  #79 (permalink)
Elite Member
LV,NV
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: interactive
Favorite Futures: ym, es
 
Posts: 4 since Dec 2009
Thanks: 0 given, 1 received

Boomerang

Hi everyone,

I reply to some of your questions, I do not use Boomerang with success in my tradings. However, I do not believe it is a scam. They just try to market their trading ideas to the general public. Boomerang product a lot of whipsaw signals in the chop zone. I do not follow every signal I only use as it as an set up alert.

I find Perry's method similar and it is free!!!

Good luck in your tradings!!!

Reply With Quote
The following 3 users say Thank You to taxman for this post:
 
  #80 (permalink)
Elite Member
Philadelphia, Pa
 
Futures Experience: Advanced
Platform: Ninja 7
Broker/Data: Amp/CQG
Favorite Futures: CL, ES
 
longboat's Avatar
 
Posts: 137 since Jun 2009
Thanks: 887 given, 188 received

Boom Boom


I own Boomerang and I will give you some of my thoughts. First let me say that I have nothing to do with Mohan or the indicator sales company that sells it.
I used it in sim for a week or two after I purchased it months ago and I quit using it. There were way too many trades and I got cut to pieces in the chop days. A month or two later Mohan brought out an add on for Boomerang called the Trade Bias Selector (for another fee). It looked like it might help with the signals and I decided to buy it a few weeks ago. It wasn't that much money. What a huge help. It really filtered out the signals until there really averaged about 3-4 in the morning session. Huge improvement. I am still testing it. I was in sim this week and I can say it was profitable every day and nicely so. I know not a very long test but back tests looked good too. I am going to trade real money next week probably.
Let me add some other thoughts here. I am not going to give away any of the copyright stuff or rules or anything like that. I have spent thousands and thousands of dollars on indicators, software and trading rooms and I can say that for the amount of money I spent on Boomerang it is the best software values I have found for the money. God knows I have wasted much more money on other totally bogus software scams.
It is not what a lot of you may think it is and it is not my main trading software that I use right now, but we'll see. It is not meant to be traded all day and it was made for the ES Some people have claimed it works on others but that is not what it is for). He says to quit trading it when you get 4 pts and I think this is good advice.
There is not very good money management directions in the manual and you are kind of left on your own with that. He just says he doesn't believe in constantly moving your stops, but do you go break even at 2.0? Do you close it if you get an opposite color arrow? A different color bar? These questions are not spelled out. It is very simplistic which is refreshing though.
I doubt this would ever work as an auto trading system and I was not aware that they tried to set one up. There is some discretion in choosing trades to exclude around news events and trades too late in the trend.
You guys can ask me generic questions about it and I will try to answer them. Is it the Holy grail? No. Is it a good indicator package? I really do think so, but I will keep you up to date with my tests. It kicks butt in trending markets, but doesn't everything?

Reply With Quote
The following 8 users say Thank You to longboat for this post:

Reply



futures io > > > Boomerang indicator system at indicatorwarehouse.com

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Requesting help using MC MA Ribbon indicator to define trend in a trading system gpw797 EasyLanguage Programming 3 February 8th, 2017 01:01 AM
Anyone have experience with Boomerang Scalp Trader system dertixo Trading Reviews and Vendors 9 February 1st, 2017 02:16 PM
Would you trade this system??? NW27 Elite Automated Trading 5 February 17th, 2011 02:12 AM
eminishark system sysot1t Trading Reviews and Vendors 24 September 14th, 2010 02:54 PM
example of trading system iwannatoscript NinjaTrader Programming 3 March 4th, 2010 08:38 PM


All times are GMT -4. The time now is 05:47 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-19 in 0.13 seconds with 20 queries on phoenix via your IP 54.224.18.114