I can't believe it, my previous post where the indicator appeared for a short entry and then disappeared because the markets were going the other way has now indicated again for a short. Note, that there is no sign of the previous indicator... the market fell but now going up, if the indicator disappears again - it is purely fraudulent!
I have been backtesting this system which looked really good using the Metatrader software. Basically, it told you when the market was trending up or down and if you place a trade when the trend changes and just follow it (from the backtesting), you would be in the money! However, there are indicators in Metatrader which repaint. What this means is that you may be given a signal to enter a position but if the markets move the opposite way, the indicator suddenly disappears. What this means is
Sorry about the lack of updates recently.. I've been on a course for 3 weeks which was totally taking up all my usual trading time. Anyway, I am back and I played around with Betfair and the Betgizmo interface. I've written about Betgizmo, it's a free Betfair API which is a competitor to the paid Betangel software. The only thing which would be useful that Betgizmo doesn't have is the stop loss function that Betangel has. Anyway, I was scalping the Horse Racing markets today using the ladders
