Buy ChinEtti Pip Collector V2.0

This for MT5?

 

The major upgrade from Version 1 to 2 is really worth it. I recommend any one yet to find their edge to watch the videos. The stop losses and take profit are set to ATR and Fib Levels. Instead of watching 4 or 5 indicators to be in confluence before taking trades on version 1, it is integrated into only one indicator. Another biggie for me: If you ever get into bull or bear traps, you would appreciate it very much. If the trade is against the trend (i.e. if the trend is long, on retrace it will only suggest buying and adding to your position at the lowest point of retrace. It avoids suggesting sells during the long trend. Vice Versa for shorts. This would save a lot of headaches.)

Also, the notification to your cell phone on buy or sell means - one does not have to tied to your PC pouring over charts/cuts down prep time. One who is not very familiar with the FX Mkt or indices may also trade very well.

I would buy it outright from seller but hesitated as I would prefer the unlimited version. Hope more can join to buy this a quick buy.

 

The author said : "The version 2 update is available free to all existing customers. To receive the update, existing customers should forward their original purchase receipt email."
is it possible to upgrade the first version available on your website ?

 

Hope more will join and pay in to get this quickly. This is much better (have been using version 1 for months with great results) than many other indicators as it combines several indicators to give a buy or sell signal to cell phones/tablet. Recommend watching video.

 

Can we do MT5 version?

 

MKV...I want this one as well! I was thinking of purchasing and not waiting. Admin: If I bought it, would clubbingbuy reimburse via group?

 

Let me know if you hear from the Admin - I would not mind sharing the initial cost if clubbing buy can give us the money from the pool of participants as they pay.

 

Sounds good to me!

 

paid via skrill ID = 3985376922

 

Admin. Me and MKVwill buy this if I could be remenbursed after people buy. What are your thoughts?

 

@MKV & @jay According to your previous experiences, 91% win rate is it realistic ?

 

The winning rate is one aspect of what you Tp and SL are and what time you trade a particular instrument.

For Example: If I trade US 30 - the best time to trade is probably New York Open to about 90 minutes in. The winning % is important but there are people who make their monthly profitability even with 35% wins if they Risk Reward is high such as 5 to 30 (that is you risk 0.5% and get 5%). You may ask how this would be possible - with such a small stop loss -

(1) On FTMO - the regular spread during normal trading hrs is 110 - If you buy a standard lot you are immediately out $ 110 (in addition to what ever commission). Outside regular hours the spread if 140. For buy and sell this will add to $ 300 dollars and if you carry between sessions - you also pay a big swap fee.
(2) A trader who puts in a pending order to buy and sell tends to kind of save the spread. To be able to succeed with a pending order, you need to be precise in the supports and resistances on a bigger time frame such as H1 or H4 and then trade on say M5 or M15.
(3) Most experienced traders know the indices move fast. When it is turning - they may avoide taking the very first candle or two after the price does a V shaped sharp fall and recovery type scenario. They may initially have a bigger SL but the moment the price moves says 10 pips (or 100 points), they use software such as Break Even software (either an EA on another chart of same symbol) or in the EA that they are trading with to move SL to 2 pips better than entry price (the extra pips to ensure slippages, spreads or commission/swap fees). So if I entered a long/buy US 30 at 34, 850.00 - the software would automatically move the SL to 34, 852. (My normal is 2200 points or 22 pips move in my direction which can happen in one candle on 5 or 15 minutes, I move the SL to 1100 points over the 34,850 in the above example or to 34,861.00) ensuring you do not make a loss on it.

Anyway, the Chinetti is one of highest rates for accuracy (similar to the two color Hull Moving Average). Please see the chart below. The one hour signal from Chinnetti (Magenta or Pink Arrow followed by the trend type line above price is for a short, and Cyan/SkyBlue is for a long). The Developer's claim is based on the trend it shows when he claims 91%, but as an individual trader your success rates may be 65 to 75%. Developer is in Sri Lanka and is a good programmer and typically most tend to highlight the "potential" with their system. One can find it is easy to trade on demo than in real life where real money is at stake and one's emotions, and thinking come into play (there are times when the traders look at some trades in choppy mkts and convince themselves it is going up or down - they are only correct a few times). If you made some money that day - you may be able to take a little more risk - but if you are already down a couple of trades that day - the daily loss that will close your account/challenge will weigh heavily on your mind.

The Pink arrow and the pink line above is the Chinetti Arrow (one of the 4 components of the Chinetti Zipped file in Version 1). You can see that on US 30 - You can see the kind of points you could make if you take it right when it forms a buy or sell arrow, and move your SL losses appropriately. However, as you can see from the price, you could be stopped out several times as the price goes up and down), You need to take small lot sizes (something like 0.1 or 0.2 lots with the EA on a hourly chart even with a 100K account) to have the stomach to stay in the trade as it will be roller coaster type ride. You have to keep watching on M1 or M5 to see when you need to exit. The first few minutes into a trade it could easily reverse on you as even a Blue/green candle on 1 Hour chart may be deep red on M1 or M5).

 

Thank you so much @MKV for this prompt and detailled answer !