1. Why do you need my Customer Number?

 

A: Your TradeStation Customer Number will be coded in the indicators you are interested, and the indicators will only work under your Customer Number. I have literally spent countless hours and money to study and develop those indicators, I am willing to share them with you inexpensively, compare with many other companies out there, but not entirely free. Run a Google search and see for yourself. My indicators work really well. While I am not counting on selling indicators for a living, it would be nice if I could gain some of the expenses I spent on developing them, re-invest the money for further research, while sharing the results with fellow traders along the way. The Customer Number you provide will be used for this purpose only.

 

2. What markets and time frames do your indicators work on?

A: The indicators offered on this website work on all markets in all time frames. Tick charts, volume charts, different time frames, Futures, Stocks, Forex, they work equally well. Visit this website often and click on "More Examples". More charts will be added on a regular basis.

 

3. Do those indicators work with platforms other than TradeStation, MultiCharts and MCFX Pro?

 

A: No. All indicators here are coded using EasyLanguage for TradeStation, MultiCharts and MCFX Pro and they will only work with these three platforms. For MCFX users, you need to have the Pro version, because only Pro version comes with "PowerLanguage Editor" which allows you to create/import/export custom indicators.

 

4. If your indicators are so good, why do you offer them at such a low price? How do you compare with the indicator packages out there that are charging $3,500-$6,000+?

 

A: You really should be able to sense that I am not a greedy person, judging from I have more indicators to give away than selling, and most of the free ones are being sold by other companies for hundreds each. Like many fellow traders, I have spent a lot of time buying systems, leasing indicators, attending expensive seminars, I know how you feel. I have been there, I know the pain. But along the way, I have made a few friends and met a lot of nice people in the trading world. While those indicators work really well, I am not counting on selling them to make a living. Many people have helped me in the past. And if I could help out a few people by sharing the results of my research, it would be my way of giving back to the trading world. That being said, if eventually I have too many email requests and questions from my customers and it goes beyond my ability to respond, I may increase the price. I still would like to have some free time and do more research. As for the comparison with the indicator packages out there, I have bought or leased many of them. If they work, I'd probably still be leasing them. Many of the developers only show you one or two charts on their websites, or none at all. They sell indicators with beautifully crafted sales letters. I have nothing to hide. There are enough charts throughout this website for you to exam. If you think they don't work, continue you journey. If you like what you see, I will certainly help you get the most out of them.

 

5. Do the divergence lines, the green and red arrows on your charts appear in real time?

 

A: No. The same chart was used on the "Indicators", "Paint Bar" and "Show Me" pages for illustration only, I purposely leave the arrows in place throughout these pages to show you how each indicators work and will get you in a position around the same time. No arrows or divergence lines will appear in real time. However, the Show Me Dots appears at the close of the bar in real time and never re-dot or delete itself. We do have a PBF_Divergence indicator which plots the divergence lines in real time. But since this kind of indicator will not work 100%, and it will not be able to detect double or triple divergences, we are not offering it. We, as traders, can do much better anticipating and identifying divergences in real time than any software.

6. Is there a trading system to work with your indicators? Is it a mechanical system?

A. Yes and no. I trade with those indicators exclusively and I do have my own trading rules. While they can be made mechanically, buy green/blue and sell red/magenta, I still like to use discretions. You can make a mechanical rule and entering a long position when the Squeeze fires a green bar, or you can learn how the indicators work in a discretionary way and you might have a chance to get in several bars sooner, which means greater profit potential and smaller risk. Learn how the indicators behave and you will see the same thing happens over and over and over. The repeated patterns give us the opportunity to make money. Over time you will be able to recognize it and it works like a charm. All you have to do is to be patient, wait for the setups to occur, and execute the trades without hesitation. You can develop your own trading rules and make it a mechanical system. When developing those indicators, my goal was to try and hop on the train when it's just about to leave the station to minimize the risk, and get off at the ideal time to maximize the profit. In my humble opinion, if you learn the discretionary way of trading, over time you will accumulate more profits. A mechanical system that works 60-70% of the time is considered a good one. With a little bit discretion, your win rate may increase to 80% or higher as you manually filter out bad trades. Also, money management becomes extremely critical if you trade with a mechanical system. A good mechanical system also has to have a better risk/reward ratio, and you almost have to take every single trade according to your system, otherwise you are leaving your result to chance, meaning, even if the system is proven to be right 70% of the time, yet you only take 3 trades out of every 10 setups randomly, the chance of picking the 3 losing trades is probably not much less than picking the 3 winning ones. If you flip a coin and get the Heads 10 times in a row, it doesn't mean the 11th time you have a higher probability of getting the Tail. It is still 50-50. Also, over time, the commission can build up as well. If you know the market is moving from point A to point B, everything in-between is just noise. Question is, how do you "know" that? Learn the indicators, study the charts posted on the "More Examples" page, you may be pleasantly surprised.

 

7. Is there a guarantee that I will make money using your indicators? Is there a money back guarantee? Can I exchange it after the purchase?

 

A: No, there is none. No trading systems or indicators will guarantee that you will make money using them. There are many possibilities why a trader is not profitable. It could be his system, it could be the indicators he is trading with, it could be something else. We will help you learn the signals and get the most out of the indicators. If you learn the indicators and signals really well, with discipline and patience, there is no reason why you can't be making money. As for money back guarantee or exchange, there is none. The indicators are yours to keep after purchasing and there is no expiration or monthly subscription to pay. Since this is not physical goods, there is simply no way you can "return" the indicators to us. There is no way for us to know whether or not you continue to use these indicators after requesting a refund. If you have difficulties plotting these indicators on your chart, we guarantee to make it work. If you would like to discuss certain setups on certain symbols or time frames, we will be happy to communicate with you. That's our promise. Most of people in the trading world are extremely nice, but there is always a select few that might try and take advantage of others. We believe nothing in the world worth your time and energy is free. Prior to the purchase of the indicators, read the descriptions and study the charts. If you have any questions, feel free to contact us at support@paintbarfactory.com (PS. We are experiencing difficulties with emails, especially with hotmail and yahoo mail users. If you don't hear from us within 24 hours, please send your message to paintbarfactory@sbcglobal.net.) We will be happy to answer whatever concern you may have, then you can make an educated decision before investing your money. Emails will be answered in the order they are received, and will only be answered after the US Futures markets are closed (4:15 PM ET).

 

8. Are functions provided?

 

A: Without related functions, the indicators will not work. So all necessary functions will go with the indicators to make it work properly. However, the functions and the indicators' codes are password protected and closed, you will not have the access to the functions or the codes of the indicators. If you want to use our indicators in your strategies, you will not be able to do so.

 

9. How long does it take to learn your system?

 

A: For experience traders, it takes no time at all. I have veteran traders who purchased the package on Saturday, studied the manuals and charts over the weekend, and started trading with the indicators and setups on Monday, and they were truly impressed. However, for less experienced traders, I strongly recommend that you observe how the indicators work first, until you are fully comfortable and have total confidence with the setups, before risking your money. TradeStation now have paper trade capacity. Paper trade until you have a high success rate. The system itself is not difficult at all. You will understand the level 1 and level 2 setups as soon as you finish reading the manual. Level 1 is with the trend, level 2 is counter trend trade setup, while level 3 could occur in both.