1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

How many indicators do you need?

Discussion in 'Beginners Bootcamp' started by Triantus Shango, Aug 19, 2013.

  1. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    802
    Likes Received:
    54
    My favorite is ATR to measure volatility and different moving averages, their combination sometimes generate very high "win ratio" signals. But money management is at top priority
     
  2. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    802
    Likes Received:
    54

    Mine favorite is combination of moving averages, ATR and fibonacci levels. Constantly experimenting I made very good progress in increasing winning ratio of the trades based on those signals.
     
  3. downtrend

    downtrend Sergeant

    Joined:
    Dec 13, 2014
    Messages:
    846
    Likes Received:
    56
    Bollinger band and RSI are my favorite indicators.. I work with many other indicators while trading . I find them useful . It is up to a trader how he choose any indicator and finds its efficacy . All are different to work with different trading styles so select what is best for this time.
     
  4. dianajs

    dianajs Private, 1st Class

    Joined:
    Dec 9, 2015
    Messages:
    778
    Likes Received:
    41
    I prefer those indicators as well and occasionally I combine them with EMAs. I find that it's easy to ascertain a trend and a reversal of a trend with them.
     
  5. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    693
    Likes Received:
    35
    I use those indicators which are tested and result oriented. Never act blindly on them. Some times I do naked trading . My main aim is to analyze market well it can be through any way as news , charts, indicators, etc. One can get help from indicators if he is able to use them.
     
  6. Qasim waqar

    Qasim waqar Private, 1st Class

    Joined:
    Jul 27, 2017
    Messages:
    40
    Likes Received:
    4
    Each trader had his own experience with different indicators. Some indicators are widely used by everyone as bollinger band and candle stick is considered necessary part of trading. We can trade without these too. If any indicator gives you good reading follow it.
     
  7. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    802
    Likes Received:
    54
    Guys do you think is it sufficient to use only combination of RSI and ATR to trade successfully? Anybody there that follows this example of mix of indicators?
     
  8. dianajs

    dianajs Private, 1st Class

    Joined:
    Dec 9, 2015
    Messages:
    778
    Likes Received:
    41
    I use RSI and I find it very helpful, but I have never used ATR, neither by itself nor in a combination with other indicators, so I have no opinion about it.
     
  9. Melvin Leon

    Melvin Leon Recruit

    Joined:
    Feb 11, 2018
    Messages:
    54
    Likes Received:
    2
    I follow price action. My weapons are mainly candlestick and candle patterns. I do not use any fancy indicators. Some support and resistance lines and Volume indicator. So ot is basically volume price analysis. But let me tell you it's all about what you understand the most. And what works for you. What works for you may not work for anyone.
     
  10. Rizog

    Rizog Private, 1st Class

    Joined:
    Jan 23, 2017
    Messages:
    118
    Likes Received:
    7
    Indicators are used on the Forex market in order to predict the future of a currency pair. You are advised to use as less indicators on the market window as possible. You need to keep the things simple for better results. Many traders lose their money due to the complex behavior.
     

Share This Page