Are Indicators Killing Your Trading Edge? - page 4

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Enrique Dangeroux #:
What about the "wait till candle close" mantra in price action? 
If you analyze a large sample size the fact that you place a trade during current candle breakout or wait for a close and place the trade at the next opening candle is not that important. It's more a personal choice.
 
I find that the best indicators are opposite channels on H4 with the right MACD and the right Stochastic leading to, in the current, eg., Eurodollar regime, to trading once or twice a month extracting profit in the middle of the trend and then compounding that. It is very slow and very boring. 
 
Ryan L Johnson #:

No problem.

I'm merely informing traders of an avenue to increase profit using the edge of their indicator(s)--not starting their own prop firms. 😉

Exactly , it's  not about starting prop firms at all , but what we really need is a step-by-step case study showing how to extract more value from an existing indicator edge , i mean  practical framework, tested in real conditions, that reveals how an edge can be amplified and managed  , that’s where the real ‘market hack’ is !!!
 
Daniel-gheorghe Muresan #:
If you analyze a large sample size the fact that you place a trade during current candle breakout or wait for a close and place the trade at the next opening candle is not that important. It's more a personal choice.

It has nothing to do with personal choice. It depends on the context ie what you are doing? For example, is one scalping and a trade lasts minutes, not hours or days, you will join the 80% club waiting for a bar to close.

 
AnAcc9 #:
It is very slow and very boring. 
Amen to that. Learning to trade profitably is extremely challenging and nonstop time consuming but once you're consistently in the black 🧿 (or green 💵), it gets slow and boring. On the bright side, this leads to occasional strategy improvement tweaks and more contributions to this Forum.
 
Ilias Saoudi #:
Everyone has a unique approach in trading as long as it works for you you are fine 
agree 
 
Rachid El Jaafari:
Everyone talks about indicators like they’re magic… but the truth? Most ‘famous’ indicators are just lagging signals.
Price action beats them 9 times out of 10. Who actually trades without indicators and survives? 

Those who know how the market works.
Do not use any tools or indicators before understanding how the market works,
how and when prices move, how and why prices bounce, and
how and why prices break certain levels.

 
Mehrdad Shoghi #:
I trade without indicators. My edge is data, context, and pure price action—no lag, no decoration. Price is the signal.
Great decision , add to this that they  are even some people who trade without looking at the chart  ,  they don’t care about the news , they don’t care about anything  , all they do is trade the live data they have , so there’s no place for indicators in their strategies ..
 
Rachid El Jaafari #:
Great decision , add to this that they  are even some people who trade without looking at the chart  ,  they don’t care about the news , they don’t care about anything  , all they do is trade the live data they have , so there’s no place for indicators in their strategies ..

Yeah, this harkens back to the days of the hard paper tickertape in a stock market--a few dudes staring into a glass bubble, shouting "buy"... "sell" to the guys on the phones.

Present day, there are wealthy traders that manually trade the digital order flow by observing only text on a screen. As far as I can tell, this is an indirect hedging and scalping strategy--not HFT but still rather fast. However, it requires full access to the centralized order book which is not available in forex/CFD's.

 
Enrique Dangeroux #:

It has nothing to do with personal choice. It depends on the context ie what you are doing? For example, is one scalping and a trade lasts minutes, not hours or days, you will join the 80% club waiting for a bar to close.

maybe true maybe not 
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