Download MetaTrader 5

The Best Indicator for Profit

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70news2
210
70news2  

Hi All

What is your favorite indicator, that makes you a constant profit?

thanks for sharing

digitalman88
9
digitalman88  

Ichimoku, MACD, RSI + PSAR

prostyle
36
prostyle  

Great indicator based off a price action set up.

Can turn on or off multiple label "set ups".

I had this made and works great.

Can be used as stand alone or added to other

methods.

Obviously the more you know about trading in general the

better you will be at using this "indicator".

Enjoy all ....

Files:
70news2
210
70news2  
prostyle:
Great indicator based off a price action set up. Can turn on or off multiple label "set ups". I had this made and works great. ..

Thank You! How does it work on a ranging market? news?

witsnpips
158
witsnpips  
70news2:
Hi AllWhat is your favorite indicator, that makes you a constant profit? thanks for sharing

there is no single indicator that makes a constant profit.

tko
3
tko  
70news2:
Hi AllWhat is your favorite indicator, that makes you a constant profit? thanks for sharing

Price action and major area of inerest is the best indicator for me.

cheers,

zupcon
313
zupcon  

If you have the correct framework in place, you can be profitable with almost ANY indicator that you care to name. If you do the rsearch, you'll find that the majority of indicators are strongly correlated, and theyre practically interchangable.

One of your first tasks should be identifying non correlated indicators, it doesnt matter which you choose, as long as theyre non correlated.

prostyle
36
prostyle  

If you can't trade reg market don't trade news.

Learn how to trade and you'll take ANY indicator

and be able to trade.

Having said that the indicator outlines directional changes

ALWAYS keep in mind the context of the market from

which you are trading and it will work fine for you.

If you are having hard time with range bound then

stick to only trading pairs that are in a trending nature.

All pairs have a trending time frame you just have to find

out which one that is. That comes fr experience.

Ie: 4 hr chart may not be trade able because of chop but if you

move down to say 15 min there very well may be more

trendiness.

Better yet learn how to spot and trade chart patterns because

that's what a range bound market is doing - setting up a chart

pattern (support/ resistance) channels, wedges, pennants, etc

etc

XRanger
35
XRanger  

There is no BEST indicator - as there are many types of MARKETS. In RANGE, use Bollinger and Stochastic. In trends, MOVING AVERAGES are the best. You should match the market type with the proper indicator.

70news2
210
70news2  

how good is xForecaster?

Charlie Clemett
14
Charlie Clemett  

Hi guys

I would like to let you know what Indicators I use

1. Color Stochastic

2. BB MACD

3. The Honer Wave ( this is nice )

I also add Volume window and an 85 Simple MA

finaly I use Xard-win1 By XARD777 (For Old Eyes) hahaha

This may seem to be crouded to you but it works

Thanks

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