Anyone considering sending in your hard earned money for the Black Diamond Trader system take a look at this actual chart. It's about 6 hours of the ES from last Thursday. Gave me 8 long/short entry signals over that time 7 OF WHICH WERE COMPLETELY ASS BACKWARD!!! Pay particular attention to the first signal....a long entry 2 bars into an 18 point downward move!!! They have no suggestions as to how to fix it and, in fact, have not answered any emails since Thursday night.
As many this indicator uses integration of many indicators. So when it shows SE , these are hazarous and not as sure as LE . The interest of BDT indicator is for the consistency of trend following. Sure the creators must correct fake signals or filtering some points....I hav not used the BDT but seems interesting....
BDT works great if you read the manual and know how to use it.
It will usually give an inverted signal at the beginning of a large move. You use the other histograms to filter.
Once in the trend the continuation signals are fired off when a retrachement begins. There are 2 ways to enter. !. Conservative is to set a buy entry at the open price of the signal bar where the blue/red dot prints. 2. Is to put a buy/sell order on chart and move it to the top/bottom of the prior bar until it executes. Works really great if you just read the manual.
Problem I have is I put a new hard drive in my computer and lost the indicators and haven't been able to contact their support.for bdt. crazy_pilot::becky