Anyone had experience using "The edge Strategy"

[rollingstone]

I would welcome comments from anyone who has bought the e-book and is using this technique, for those who don't know it they are at "http://www.rightangletrading.com/index.html"

Obviously I am not looking for anyone to disclose any details but just give general indications of the effectiveness, ease of use etc.

And of course if it is worth the money ?

I have posted this in the due diligence forum but not sure how many people read it.

Just wanted any opinions before parting with my money.

[paultx]

I bought it and do not recommend it.

The money back guarentee is a joke. You have to trade it for 90 days and show loses.

[rollingstone]

Thanks paultx,

Saved me a heap of money, sorry you have had problems with the money back.

[rollingstone]

Why don't you like it, is it just standard indicators modified ?

[Bernfriedd]

It is quite strange: The two only responses you got, Rollingstone, were of people with very low posting stats, both of them bashed the Edge strategy, but did not bother to explain why in more detail.
Is it so time consuming to share a few thoughts how this strategy is supposed to work, what kind if indicators it is or is not using?
So I ask the two guys who supposedly did try The Edge to come back with some more information. Or are there other people out there who have tried The Edge and are willing to enlight us more? After all, the developer, Bette Crowe claims to have been a student of technical analysis for over 20
years and claims to also have been a senior vice president of a national brokerage firm.
Not that I believe a word, but there could be a pearl between all that swine out there, couldn't it?

[paultx]

Edge uses a Stochastic and a MACD. You look for simultanious divergance between the indicators and price.

To me, the instructions are not clear. The examples shown of winning trades, many times, do not seem to follow the rules. The author shows charts with winning trades that are not divergant. In an update she calls these "double tops and bottoms". There is no way to recognize a top or bottom until after it has occured.

I have been unable to make money trying to use it. I have attempted paper trading it on the EMINIs.

In an update, the author has suggested another indicator to filter out bad trades which would not apply to FOREX.

To take advantage of the "money back guarentee" you have to trade it for ninety days and show less than 75% winners, using the rules "exactly" as stated.

No one could afford to trade it for ninety days and suffer losses just to get a refund.
I don't know how one could apply the rules "exactly" as the rules are not exact, in my opinion.

[Bernfriedd]

Paultx, thanks for coming back and shedding some more light on the Edge. Well, I guess you said it all: Not particular a pearl in the pigpen.

[DeusFX]

It seems his system falls victim to the trend. Trader shouldn't rely on a single system.

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