Lagging indicators

[Tarshiey Chinoi]

Hie traders, what do you do if indicators you're using are contrary to each other (MACD, STOCHASTICS, RSI)?

Which indicators do you personaly use and how does it work for you? I only use moving averages but i have a friend who

is in a dilemma of choosing which indicator to put on his charts 

[Ronnie Mansolillo]

GrimReaper:
Hie traders, what do you do if indicators you're using are contrary to each other (MACD, STOCHASTICS, RSI)?

I don't use them but if the question is when enter the market or close a position I would wait till they go in same direction if I believe in those 3 indicators.

Anyway isn't allowed to discuss of particular indicators inside the forum.

[Tarshiey Chinoi]

Rosiman:

I don't use them but if the question is when enter the market or close a position I would wait till they go in same direction if I believe in those 3 indicators.

Okay thanks, that's quite helpful, i assume you are a clean price chart trader?

[Ronnie Mansolillo]

GrimReaper:
Okay thanks, that's quite helpful, i assume you are a clean chart trader as i am?

I just follow the forum rules. You can start a private discussion about indicators.

My personal suggestion is just either you choose a manual trading or automated one, once you choose an indicator try if you can to make a backtest and understand its best parameters on your  choosed symbol and timeframe.so you will have a better idea if following it you will gain or not.

[Tarshiey Chinoi]

Rosiman:
I just follow the forum rules. You can start a private discussion about indicators.

okay swell, how do i do that i'm still a mql5 newbie, i havent quite grasped how things work here?

[Ronnie Mansolillo]

GrimReaper:
okay swell, how do i do that i'm still a mql5 newbie, i havent quite grasped how things work here?

try to read as most as you can

[Tarshiey Chinoi]

Rosiman:
try to read as most as you can

would you mind if i added you as a friend?

[Ronnie Mansolillo]

GrimReaper:
would you mind if i added you as a friend?

accepted

[Rogerio Figurelli]

GrimReaper:

Hie traders, what do you do if indicators you're using are contrary to each other (MACD, STOCHASTICS, RSI)?

Which indicators do you personaly use and how does it work for you? I only use moving averages but i have a friend who

is in a dilemma of choosing which indicator to put on his charts 

Hi GrimReaper, note that this can happen even using the same indicator, in multiple time frames.

I think a good way is develop your strategy based on your ideas, or any other you like, and after test it the more you can.

So, in my opinion, the indicators are just tools you must manage to do it.

[Tarshiey Chinoi]

I think I'll agree with you on that, judging from your perspective it does make sense, I will see what I can do. Thanks

[Tonny Obare]

A winning strategy isn't just entry but exit as well. You could try and google some existing strategies on the net or discover one using some simple indicators then try and find suitable stops but the simplest you could start with is using same distances for tp and sl then use the probability advantage of your favorite indicator to enter trades.