Most indicators in the market will tell you when to enter, but not where to exit. This is an important detail, because then they can promote they have very high winrates, even if the prices only moves a few pips after most entries. But in practice, in the majority of the cases, you aren’t able to exit before the market reverses against you (unless of course you had a crystal ball to predict every single little move!), and so you would be losing money. Also, with no stop-loss, the market will wipe out your account in a matter of time. And think about it, if they were making money with that strategy, why not provide the whole trading system instead of leaving half of it to the user?
There are also other types of marketing schemes that other indicators use – they tell you when to enter and where to set a (very tight) take-profit, but they don’t tell you where to place the stop-loss. With these kind of systems you’ll get a very high winrate, that’s for sure, but with no controlled risk, one or two bad trades will take your serious toll on your account.
Here at Analytical Trader, we avoid going into those marketing schemes and instead commit ourselves to making serious trading software and content, providing good risk:reward strategies, based on our trading experience and extensive testing.