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All Things Technical

Well based on Forex Peace Army, Forex Magic Machine is a Priated EA.  So I’ve requested a refund via Clickbank and will no longer waste any time with the product.

Reference: Forex Scams

On a more positive note, Don Steinitz Fractal Breakout Indicator appears to be pretty accurate but I’m still being very conservative as some of the indicators are good for just a brief period, so if you don’t close the trade soon enough, you may end up being on the loosing end.  On the flip side though, it has identified some great entry points. 

There are 4 templates.  I’ve modified mine to include the xMeter indicator, Stochastic indicator and of course the Fractal Breakout – Trade arrows Only indicator.  I’m still observing how the indicators interact to note any trends as I’ve noticed when the Stochastic indicator lines cross it’s a signal that the direction is changing.  You also have to read, view the videos and follow the rules for the fractal breakout indicator, otherwise you may get burnt.  There are very specific checks you need to make and even then proper money management is a must.  I’ve created a flow process that covers the steps as a cheat sheet.  I’ll post in the near future.

Additional Indicators Example