Piper 2 is the indicator I trade, a human behavior indexROI: 1.5%
Duration 36.5 hours
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Another example of my trading experience and how I trade based on my own indicator. Piper 2 just imitates human behavior and calculates the reversal odds.
It is not holy grail but it owns the inherent EDGE because it is built on nature of logic.
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Guys, as you maybe know I have almost 10 years experience of trading. When I was an amateur trader I was trying to find out what could work for ME.
I am comfortable being a contrarian trader and I use to try picking up the tops and bottoms; actually, to be honest, the contrarian trader is just an early trend trader.
So, in order to put the odds in my favor, I developed the Piper 2 indicator.
Let me explain:
After a huge move, the Piper 2 indicator is soaring over 50%. When the number is over 65% then it is the time for a U-turn (either retracement or a new trend).
>>>BUT I trade only when Piper 2 is coming back below 65%.
I set my SL based on the price trend inflection point.
Literally, the number of the Piper 2 indicator (x%) is representing the probabilities of a price trend change.
Thank you in advance and please be forgiving if I did not explain all the issues. But please be free to ask me anything regarding my indicator.
Nikolas Maroulas
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