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First this is only my opinion and a not a reflection of all the products offered by Indicatorwarehouse.
Indicatorwarehouse recently released their DTS system. While it does look like a great system taking a snapshot of a chart suited for each of the systems, it is really not worth even half the promo price.
Yes, I am a sucker for wasting money on systems. I have purchased Boomerang Currency Trader via Indicatorwarehouse. While initially I was not to impressed with it, in comparison to the DTS it blows its socks off for a fraction of the price. Sure, BCT doesn't give as many signals, but guess what it keeps helps with minimizing over trading and trading in chop.
I do like the mean renko bars, the only challenge with them is you have to have a large stop especially when using the DTS system with a 6, 8 and 12 ticks. If your stop is hit, you are hit hard, especially when signal entiries kick off in chop.
For the price, I would have expected a system that would help mitigate the number of potential trade signals in chop for each of the different systems.
Needless to say I am kicking myself for buying the system instead of continuing to leverage BCT.
No refunds, no trial period, no money back unless its due to failure of the system.
Thanks Mike, yeah that's the one I read... It's not completely clear to me what the reasons where but some do seem to think he's stealing indicators from here to sell them there.
Is this still going on? I guess I shouldn't trust this Adam guy or IW if he has been out of line before....it's kinds asking for trouble....
Thing is sounds like this was a long time ago... Are things different now, s anyone using their new indicators?
I have bought and been using their DTS systems since June 2012. It was a big chunk of change. Although I am struggling w trading--this is still one heck of a powerful system. Its heart is in the mean renko bars. I did read the negative posts here re: Adam Halpern before I dove in. You can say I had my eyes wide open when I made the jump. The thing that appealed to me the most was the uncluttered look of the charts and the signals they generate. You can set the audio so they can tell you if there's a trend, swing or scalp setup you MAY WANT to take. Of course you do not blindly take the software's signals. With trading you still need to think for yourself. The renko bars help greatly in visualizing pivot points together with support & resistance.
The most significant take-away I got were the lessons from the 2 instructors: Erich Senft and Ray Burke. These lessons were invaluable. Although Erich was the instructor for the most part. He said that the signals in the system are only suggestions. I agree wholeheartedly. I have experience in purchasing a couple of other systems but this is the one that I feel is more compatible with my personality. Their stops are big but they have a risk manager component to it that lets you make the trade if the risk is within your set parameters. This is one other thing that attracted me to the system--the risk management side. The other systems I bought did address this. And from watching futures.io (formerly BMT) webinars, I figured I need to address the risk side of trading.
One thing I have found out is no matter the system the things that matter most are your mind (how you approach & handle a trade) and your heart (how you are feeling during a trade).
I am still learning my way around this trading business and feel that I have a ways to go.
Hope this helps.
