Advanced Supply Demand claims to be an affordable and unique trading tool that has many proprietary features in addition to a new formula. According to the developer, this indicator has new algorithms that make it easy to identify the prospective imbalances between sellers and buyers. The graphical display of the various zones of demand and supply and the past performance is claimed to make it easy to spot the accurate entries for trades.
This trend indicator is claimed to be the best solution for newbies as well as professional traders. Bernhard Schweigert is the developer of this system published in February 2017. It is in version 4 now with the latest update being done on June 13, 2021.
As per the MQL5 profile of the developer, he is from Morocco and has more than 5 years of trading experience. He has created 13 products and 3560 demo versions. An overall rating of 4.8/5 is given for the developer for his products and freelance orders. We could not find an office address or phone contact for the developer. However, he provides an email address for contact and a website address. The lack of transparency makes us suspect this is an unreliable indicator.
Advanced Supply Demand
|Currency Pairs||All currency pairs|
|Recommended Min. Deposit||N/A|
To purchase this indicator, you need to pay $148. The developer also offers rental packages which include a three-month rental costing $65 and a one-year rental costing $85. A free demo is also available for this system. We could not find a money-back guarantee for this product which makes it look unreliable.
The developer does not divulge info on the strategy used by this indicator. Rather, he explains the new features that can help in better trading. Some of the features include zone strength functions that can be adjusted with user input. Three price alerts for entering the supply and demand zone, breaking, and reversal candle formation are present.
The developer claims that the system can identify nested S/D zones. We can find different settings provided for the MTF, charting, alerts, color, and others. While the developer does not provide recommendations on the deposit and leverage, he mentions using optimized zone strength for the symbol and timeframe you select. He also asks users to check his news and blogs for examples of trading and the system.
Although the developer claims that his indicators are quick, reliable, and successful, he does not provide verified proof. We could not find backtests or verified real trading results for this system. Instead, the developer provides images of the trades he has executed which do not reveal much info.
We prefer trading results verified by sites like Myfxbook, FXStat, FXBlue, MQL5, etc. The trading info provided in such sites reveals plenty of info about the system, its trading approach, the risk level, performance, and more. The absence of a proven track record is disappointing and puzzling as the developer mentions that he has been in the field since 2005. Our suspicions about the reliability are further confirmed by the lack of performance proof.
We found 177 reviews for this indicator that works on the MT4 platform. All the reviews are positive which makes us suspect that they may have been manipulated. Here are a few of the recent feedback from users:
From the user response, we can see that the graphical interpretation of the zones makes way for easier trading. The users find the product satisfactory.