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Which free indicator is the most profitable?

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Zhang Li
33
Zhang Li  

I am new to forex. I am looking for a good trading strategy for demo trading.

Which indicator is the best to get started with?

Sergey Golubev
Moderator
95983
Sergey Golubev  
Price
Michael Maggi
1570
Michael Maggi  

In Marketplace and Codeshare on this website there are a lot of free indicators and there are many videos on YouTube that show different indicators and combinations of indicators and how you can use them.  I suggest you not start spending money on indicators that promise quick riches but take time to see how these indicators compare on a DEMO account.  Besides indicators, you need to find out what kind of trader you are and find a system that you believe in and helps you make trading decisions.  This takes time and doesn't usually come quickly. 

In the Articles section you will find description of the indicators and how they can be used.  You can search for the indicator name and find a lot of information.

anurag bhargava
482
anurag bhargava  
Michael Maggi:

In Marketplace and Codeshare on this website there are a lot of free indicators and there are many videos on YouTube that show different indicators and combinations of indicators and how you can use them.  I suggest you not start spending money on indicators that promise quick riches but take time to see how these indicators compare on a DEMO account.  Besides indicators, you need to find out what kind of trader you are and find a system that you believe in and helps you make trading decisions.  This takes time and doesn't usually come quickly. 

In the Articles section you will find description of the indicators and how they can be used.  You can search for the indicator name and find a lot of information.

very rightly said by maggi,dont get into the traps of these indicators and EA,they will one day fool you.

instead try using your own brain,make your own strategy,it is difficult but not impossible,go on read on different strategies and indicators,they all are available for free.

use it on demo,and then start trading

as most of the learned and successful traders would guide you for this only.everything else is rubbish,dont follow anyones trading idea,it wouldn't work for you,try to work out your own.

I have made my own,it had taken 6 months to find out,and still not sure,but had backtested it,and found positive.thus,believe it will work

Mehrdad Shiri
4569
Mehrdad Shiri  
Zhang Li:

I am new to forex. I am looking for a good trading strategy for demo trading.

Which indicator is the best to get started with?

I THINK you can try :

1- start with ICHIMOKU and the standard indicator ( rsi , cci, atr ) AND the " FIBONACHI "

2- currency pair relative strength - main subject is the base point

3- then you will be ready to see the price-action

4- ....

Marco vd Heijden
Moderator
4956
Marco vd Heijden  
Don't forget to check out Heiken Ashi
30191755
5
30191755  

Hi,

I  can;t seem  to  remove  the  alerts  on  mt4.   \i  was  told  to  go  to  the Terminal  and  a  page   to  create  would  appear-    \I  couldn't  see  it

Marco vd Heijden
Moderator
4956
Marco vd Heijden  
30191755:

Hi,

I  can;t seem  to  remove  the  alerts  on  mt4.   \i  was  told  to  go  to  the Terminal  and  a  page   to  create  would  appear-    \I  couldn't  see  it

Press Ctrl+o then tab Events and disable alerts.


Michael Maggi
1570
Michael Maggi  

Simple trend indicators with a price line chart with a trend indicator and slop line to confirm.

A Renko price chart.

What works for you depends on what kind of trader you are.

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