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Trading The Ultimate Oscillator

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MechXTrader
210
MechXTrader  

The Ultimate Oscillator is a trading tool developed by Larry Williams, that is very good at identifying overbought and oversold periods in price.

In this tutorial you will learn how to trade this awesome tool.

Screenshot

Download Link and Tutorial

Ultimate Oscillator

Nadeem
1852
Nadeem  

Here is the indicator for download.

zorro88
4
zorro88  

very good indicator... but after i checked it still have false signal...;{

LouisFX
5
LouisFX  
zorro88:
very good indicator... but after i checked it still have false signal...;{

There will never be a system/indicator that has a 100% win rate. In fact, the best systems out there are ones that try to control their losing trades so that they lose less than the winning trades earn. ALL strategies will have losing trades. It is how you manage the losing trades that is important.

You also have to take Risk/Reward ratios into account. For example, if your limit is always set twice as far away as your stops, you only need to be right on 34% of your trades or more to be profitable. Here is an article that does into more detail on this topic.

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