Experimenting with indicators on chart

New comment
 

Hello Everyone,

I have been trying to some study using indicators built into MetaTrader4.  I have four indicators, below the setup in a way that I think best shows a market.  

 Do these parameters make sense to a professional trader, or are they incorrectly set?

Edit: works best on 1 hour time frame.

  • Stochastic (K 15,D 10,S 10) MA Method Exponential Close/Close

  • Relative Strength Index  (30,15) Close

  • Money Flow Index (30)

  • Avg Direction Movement  (15) Weighted Close (HLCC/4)
 

Indicators are never wrong. They take in price data, through a mathematical formula, and output a result.

They are called indicators, not money-makers. Wether you have them set incorrectly or not, depends on how you want to use them.

 
whroeder1:

Indicators are never wrong. They take in price data, through a mathematical formula, and output a result.

They are called indicators, not money-makers. Wether you have them set incorrectly or not, depends on how you want to use them.


100% I agree
That is one of the best statement I've ever heard.

\ (•◡•) /

 

Hello again,

Thank you, whroedor1

I will look in to factors that influence price data.

Yohana Parmi, please don't use child like  \ (•◡•) /  on a forum.

 
GrumpyDuckMan:

Hello again,

Thank you, whroedor1

I will look in to factors that influence price data.

Yohana Parmi, please don't use child like  \ (•◡•) /  on a forum.


hehe.. I just want to reduce markets pressure :))

but, I am agree with you too.

Happy weekend.

New comment