What is your favorite indicator, that makes you a constant profit?
thanks for sharing
Ichimoku, MACD, RSI + PSAR
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
Obviously the more you know about trading in general the
better you will be at using this "indicator".
Enjoy all ....
Thank You! How does it work on a ranging market? news?
there is no single indicator that makes a constant profit.
Price action and major area of inerest is the best indicator for me.
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.
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
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
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.
how good is xForecaster?
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