As soon as Russ Horn posted video examples of his trades using an interesting designed indicator called DPI many started searching for it on worldwide invest, Fileserve, RapidShare, HotFile, MegaUpload and other file sharing serviced or Forex forums. I was quite lucky to get a copy of it and to be honest it is being really nice designed and would like to share the following with you.
If you try hard maybe you could get a copy of it some where on those file services or forums, but one thing I am sure, the latest copy is not available to anyone yet, even to the most close friends of Russ, they are keeping it in secret, but I found some really interesting information for you:
Here is a chart of M5 with DPI in there.
As you can see it looks really original and I never seen an indicator like that yet – I bet they worked a lot on it. Just check the blue line how it makes lower lows while the price makes higher highs, only that indication with the color of indicator can be a confirmation of the trend reversal.
There is one important thing I need to tell you – by itself the indicator is not of a much use – it needs to be used only in accordance with Rapid Results Method Strategy, otherwise you could have a lot of trouble.
Below you have a screenshot with DPI and a simple strategy that can be used in accordance with it.
1. Every-time you are in some kind of trend draw that trend-line – it will be of a great help to you as soon as you receive a signal from DPI
2. As soon as DPI turns yellow and the trend-line is braked enter your trade – in my case a buy trade
3. wait for at least 1-2 high points from DPI and draw your support line, as soon as it is being braked exit 1/2 of your trade
4. wait for another low after you exited your trade and draw another trend-line – usually is lower then the previous one – as soon as it is being braked also exit the rest part of the trade.
Since I am not allowed to disclosure the strategy of using DPI with Rapid Results Method I will be more then happy to share the above simple strategy in a way of using DPI for any trader.
Fell free to share your way of using the DPI Indicator