Which one is best indicator or trade with price action? - General

bingofx:
Guys one advice. Some breakout indicators use some freak odd algorythm of seeking a condition to open a trade. Be careful they are conceived as a breakout indicators but sometimes run on different principles

What different principle exactly?

Mladen Rakic 2014.11.04 09:47 #36

whisperer:
What different principle exactly?

I don't think that the principle matters. If it can be used as a breakout indicator, than why not?

Muhit Alam Razon 2014.11.05 12:19 #37

Hello Friends,

I have one question....which one is best indicator or trade with price action ? As i am new trade i am confused. but i think i would try price action. what about you guys ?

name 2014.11.05 23:39 #38

RockFx2:
Hello Friends, I have one question....which one is best indicator or trade with price action ? As i am new trade i am confused. but i think i would try price action. what about you guys ?

Probably the best description of price action :

No two people will analyze every bit of price action the same way, and that is why a lot of traders find the concept of price action so elusive. Quite literally, price action is everything that a security's price does, and just like every other facet of analysis, it is purely subjective.

Hermo 2014.11.09 09:12 #39

tampa:
SSBO Dynamic Breakout Box indicator

Good morning to all

Thanks for this indicator tampa

Very well thought

Very good idea of strategy

Deputy indicator version fully compatible with the new version of MT4

a greeting

Hermo

Files:

authorizedssbodynamicbreakoutboxfinaledition_nmc.mq4 59 kb

pavaka 2014.11.09 09:40 #40

Hermo:
Good morning to all