Stocks & Commodities V. 21:3 (88-91): Product Review: Profit Trader 7.0 by Barbara Star, Ph.D.
Product Description
Product Review: Profit Trader 7.0 by Barbara Star, Ph.D.
Anyone who has used momentum indicators or moving averages to gauge price turns knows only too well the uncertainties caused by false signals, lagging crossovers, and whipsaws. But what if you knew that the momentum indicator was bottoming within the same time frame that a cycle low was due? And what if you knew the subsequent buy signal had a 70% probability of being correct? Wouldn’t that give you more confidence to enter the trade? Walter Bressert thinks it would, and he created ProfitTrader with that in mind.
Anyone who has used momentum indicators or moving averages to gauge price turns knows only too well the uncertainties caused by false signals, lagging crossovers, and whipsaws. But what if you knew that the momentum indicator was bottoming within the same time frame that a cycle low was due? And what if you knew the subsequent buy signal had a 70% probability of being correct? Wouldn’t that give you more confidence to enter the trade? Walter Bressert thinks it would, and he created ProfitTrader with that in mind.
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