0:04 This week, we've got something a little
0:06 different from our hero, John Ellers.
0:08 You've got to love the title, and if you
0:10 know anything about music from the 80s,
0:12 tell me a particular song didn't come to
0:14 mind. Looking at this indicator in its
0:16 native form, you'd venture to guess it
0:19 could be used as either a zero cross or
0:21 a two lines cross.
0:23 Check out this color corrected image.
0:25 See how you've got red and green lines
0:26 crossing with arrows to help you
0:28 identify the signals.
0:30 and then look at the bold orange zero
0:34 line. What to do? We actually read three
0:35 different ways you could use this indicator.
0:37 indicator.
0:39 Many sources cited using it as a two
0:41 lines cross
0:43 and some suggested using it as a zero cross.
0:44 cross.
0:46 Some even proposed using it first as a
0:49 two lines cross and then confirming the
0:50 zero cross before giving the indicator
0:53 the green light. We wondered if a fourth
0:55 way to use this might be to take your
0:58 entry using it as a zero cross and then
1:00 your exit as a two lines cross because
1:01 of the speed and frequency of the signals.
1:03 signals.
1:04 This might be something a motivated
1:07 tester might undertake. If you do,
1:08 please let us know your results in the
1:11 comments. We did test it both as a two
1:14 lines cross and a zero cross and then
1:16 found that the zerocross methodology
1:18 gave us better results. So that's the
1:21 way we're going to test this indicator.
1:22 Setting it up the way we did can be
1:25 found in the blog. Let's go. We'll pick
1:27 it up here as a fresh short signal just
1:39 That was a pretty good trade and a nice
1:41 exit without too much reversal action.
2:00 nice run. So far, things are looking
2:09 Total loser there. Not surprisingly as a
2:11 C1 indicator due to its less than speedy
2:20 Not going to lie, that was pretty ugly
2:22 as well. Chalk it up in your trusty
2:36 The start of that trade was a bit rough
2:38 with some extra in the market before it
2:40 settled down and chose a direction. Had
2:41 you been kicked out on that initial
2:44 reversal, a continuation trade may have
2:46 been just the ticket to capitalize on
2:48 the smooth ride down before price change
2:50 direction and kick your trade to the curb.
3:15 That was a long weird ride up. Some
3:16 bumpiness at the start of the trade
3:18 before price settled down and continued
3:20 up with what would have been a long
3:22 trade to the upside, which you'd
3:24 probably still be checking on every day.
3:26 This one definitely had some
3:28 possibility. And while the analysis had
3:29 some winners and losers, don't forget
3:31 that we demonstrated on the default
3:33 settings, which were a bit slow in our
3:35 opinion. You can get it from the
3:38 Stonehill Forex library and see if it's
3:40 something you want to mess with. We've
3:42 included a link directly to that page in
3:44 this video's description. We'll never
3:46 give you financial advice in any form or
3:48 fashion. And to be honest, you can do
3:50 this yourself. Head on over to the
3:52 website where you can find a treasure
3:54 chest full of great resources, including
3:56 the advanced course where some of our
3:57 students have metriculated to full-time
4:00 prop traders riding the profit wave to success.
4:02 success.
4:04 And lastly, be sure you're subscribed to
4:06 our channel and make sure you email a
4:07 request to become part of our broadcast
4:10 list. Our only goal is to make you a
4:12 better trader. [Music]
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