Published on February 1, 2017, Advanced Supply Demand is described as an exclusive, top quality and inexpensive indicator. According to the developer, some proprietary features and a new formula have been integrated into the system following its recent update on June 13, 2021. Therefore, every Supply Demand trader will supposedly love it.
The presentation of Advanced Supply Demand on the mql5 website is simple and brief. The main aspects highlighted include its features, different settings, price, vendor’s profile, and publication details.
The individual behind this indicator is known as Bernhard Schweigert. He says he is German. Therefore, their products align with quality “Made in Germany” and first-class customer service! Bernhard has been in the trading business together with other unnamed people since 2005.
The statements above show that this developer has not been working alone. So, we would have appreciated it if he had given us more details about his team such as their names, skills, and expertise. It is also unfortunate that Bernhard has overlooked the importance of providing a detailed background about himself. It is clear from the mql5 website that the team has also developed other 12 trading indicators.
Features
- Works on all symbols and timeframes
- Uses supply and demand zones as an alert trigger
- Offers push and email notifications
- Provides 4 alert options: when the price enters a zone or when it breaks the zone or when a reversal candle has formed from a zone or a special fake breakout alert
- All alerts can be filtered for nested zones
- Has the ability to detect S/D zones
- Shows double time frame zones
- Comes with a user manual
- Allows a trader to maximize the zone strength of their symbol and timeframe
- Is compatible with the MT4 time frame
When it comes to the trading strategy, the developer says that the system is built on new fundamental algorithms that allow it to easily pinpoint possible disparities between buyers and sellers. It particularly uses graphs to illustrate the most potent supply and demand zones and its past performance zones. All of this serves to find the best zones and levels of entry.
How to start trading with Advanced Supply Demand
Advanced Supply Demand goes for $148. The product can also be rented for 3 months or 1 year for $65 and $85 respectively. A money-back guarantee is absent.
Advanced Supply Demand mainly supports price chart analysis. This means that it assists a trader to gain a better understanding of the way a price action is changing-and puts it into context. It then identifies the exact trigger point of entry.
Backtests
Backtest results have not been made available by the vendor. It is highly likely that they do not even exist. Backtesting is one of the vital aspects of creating a trading system. If developed and interpreted in a proper way, it can help the programmer optimize and enhance the trading strategy. This way, he can boost the trader’s confidence in the approach prior to applying it in the real world market. Since the backtest data is lacking, traders may thus become hesitant to use the indicator as it is surrounded with uncertainty.
Verified trading results of Advanced Supply Demand
Trading results are also missing. The importance of these statistics cannot be stressed enough. It’s a little disappointing that the vendor wants us to take him for his word without evidence to back up the claims of the software’s ability to benefit traders. He should have posted live trading results that show us how the indicator actually performs. As a result, traders would have gotten the chance to assess for themselves if the product is something they need or not.
Customer reviews
There are a total of 179 customer reviews for this product on the mql5 website. We noted that a high percentage of these testimonials are positive. We find this suspicious. Customer feedback from reputable third-party sites like Trustpilot, Forex Peace Army and Quora may have been more believable.
Is Advanced Supply Demand a viable option?
Advantages
- Provides a user manual
Disadvantages
- Live trading results and backtest report have not been provided
- Vendor transparency is wanting
- No money-back guarantee is offered
- Biased customer reviews
Wrapping up
Advanced Supply Demand is far from being a useful trading tool. The lack of backtest data and live trading results denies us the chance to gauge its effectiveness. It would be foolhardy to invest in a product whose performance you have no clue about. In addition, a vendor who hides their real identity cannot be trusted to provide a helpful system.
