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Boomerang indicator system at indicatorwarehouse.com


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Boomerang indicator system at indicatorwarehouse.com

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  #71 (permalink)
CA
 
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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

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  #72 (permalink)
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  #73 (permalink)
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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.

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  #74 (permalink)
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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.

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  #75 (permalink)
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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.


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  #76 (permalink)
Petaluma, CA
 
 
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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

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  #77 (permalink)
Petaluma, CA
 
 
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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

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  #78 (permalink)
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Anyone else besides Taxman bought this strategy? Anyone?

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  #79 (permalink)
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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!!!

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  #80 (permalink)
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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?

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