I was introduced to the betonmarkets (BOM) system today from marketing guy over the phone. I was surprised that afterall my research into forex that i haven't heard of anything like BOM. He is trying to sell his system which looks like some sort of trending system(it just shows the currencies listed with either UP, DOWN or NO SIGNAL arrows next to them. He wanted to sell this system fro $9000. The company name is next generation group nextgenerationgroup.com.au.
The marketer showed me a live trade example and he seemed to do well on the 'flash'style of betting. (Using the flash method of betting which allows the user to win simply if they say the market goes up or down within a certain time.) He won his bet he placed and showed me how to trade using his indicators.
Now what was spinning in my head was how to do this myself. it obviously looks like some form of trending indicator which worked good for the 2min timeframe. I tried a few trending indicators of my own such one I made up out of the MACD, Scheoff trend indicator, and awesome oscialltor and i worked ok but im looking for something better
So can anyone recommend a solid indicator for the 5min timeframe that is a trending indicator? It seems scalping indicators would work best for a system like this. Open to suggestions.