Xprofuter Indicator

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XProfuter is an indicator I came across on the FXfisherman site. And whilst I am not sure it is of much use I know that alot will like this sort of “predictive indicator”.

Although a few traders seem surprised that it is a repainting indicator, I guess that is the benefit of the indicator. It is designed to contantly show a predictive path based on what is happening. This means if the indicator is pointing up and the market starts to drop it will recalculate the predictive line.

Whether or not Xprofuter is an a viable indicator I am not sure. Quite a few rate it on the 1hour time frame. This would suggest that it is capable or showing the current trend but I am not sure that is so tough to do without an indicator.

Below is an a screen shot of the Xprofuter indicator on a 1 Hour GBP/USD

The indicator also comes in a version which instead of overlaying on the chart you can add a separate indicator window. Although I would not rely on it for backtesting as the signals you see historically may not be the ones you would have seen in real time initially.

These are some settings which were suggested to try. On th chart above I used 14/1.

EUR/USD : value : 11 or 12
EUR/GBP : value : 10 or 11
USD/CHF : value : 24
GBP/USD : value : 20 0r 21
GBP/JPY : value : 19 or 20

Do check back and I will post the resulting chart of this signal and we can see how accurate it was.

Download Indicators

XProfuter Overlay
XProfuter Separate Window

11 Responses

  1. GreatTradingSystems says:

    You can see the market did fall slightly but didn’t quite hit the drop indicated my X-Profuter.

    In fairness it was just before the holidays and the market had ground to a halt.

    That being said. By the looks of things all the Xprofuter indicator does is take the current price action and inverts it and then shifts is (X) number of periods forward. So if you see a big spike on your chart in real time, the indicator will suggest you will get the opposite move in say 14 periods time. An interesting concept. Not sure it has any real mertit though unless you take into account that markets like to fill gaps. Then you could have a possible reason to ‘believe’ this indicator.

  2. Zenkelis says:

    I downloaded Xprofuter but overlay don’t work. Instead path he draws line.Where is the problem?

  3. GreatTradingSystems says:

    the path is meant to be drawn as a line.

  4. Zenkelis says:

    Draw straight line on price line and moving together with price.

  5. GreatTradingSystems says:

    mmm? hard to tell without looking at it. Have you got both indicators added to your indicators folder? Also one on you chart you can right click it, click properties and then click okay. This sometimes re-loads the indicator if it hasn’t loaded properly.

  6. mt70 says:

    downloaded Xprofuter but overlay don’t work.

  7. GreatTradingSystems says:

    In what way ‘don’t’ it work.

  8. Tomi Luv says:

    Just downloaded today. Will watch it next week. Works fine on eurusd

  9. GreatTradingSystems says:

    Let us know if you find a good way of trading with it.

  10. miiyaji says:

    What is the difference between Xprofuter 2006 and 2009?
    If 2009 is more accurate than 2006 version, how can I get it?

  11. GreatTradingSystems says:

    I don’t know but I would imagine it isn’t vastly different.

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