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Posted

what do you think using of different indicators.there are so many indicators which are already built i metatraders.the question is which one of the indicators are the best combination to determine the future,to have a good idea of the markets next move.

  • 1 month later...
Posted

Different traders have different cobinations of technical indicators. For me, I use MACD, RSI, stoch, SMA and Fibobacci in a combination which makes me receive the most accurate of signals while trading. However, my trading system does provide false signals but its far less than the accurate signals, almost 1:4...

  • 2 months later...
Posted

Pivot points are fist of all levels of strong Support and Resistance.

 

You can trade by signals from any indicators, but each time price approaches any of the Pivot levels, be sure to keep an eye on its reaction, but better off, take your profits out of the market at the Pivot Point or R1, R2, S1, S2 etc levels and wait for the next opportunity to trade with the signals received from your indicators.

Use areas around Pivot points for setting stops, trailing or tightening stops, taking profits or scaling out of the market. As soon as price moves away from Pivot lines, turn to your indicators for a signal to enter a trade again.

  • 3 months later...
Posted

pivot is one of good indicator indeed. not only tell to trader where is the potential support and resistance level, but also can use to show the potential direction of market movement. by the way, pivot point developed by floor trader and used by mostly of them.

  • 2 months later...
Posted

actually no indicator can give you proper future moving of price. all are moving with the price. for this reason having no way to get proper buy/sell signal. but from these you can choice bollingerbands and stochastic oscillator. if you want to confirm totally then you can also use RSI.

  • 1 month later...
Posted

what do you think using of different indicators.there are so many indicators which are already built i metatraders.the question is which one of the indicators are the best combination to determine the future,to have a good idea of the markets next move.

If I want to say by the experience here, there is no best combination ever for using forex indicators here. Everything is depending on how good we know and understand each indicators and also knowing the market here. So, in this way, we do not need to think which combination is the best

  • 1 year later...
Posted

Parabolic SAR is basically lagging indicators that can be used to determine the trailing stop loss as well as points of entry / exit position, with reference to the price trend in a parabolic curve that reflects a strong trend in the market.

  • 1 year later...
Posted

most indicators are follow the price, which means that no actual signs from them to open a position, and you can't trade with indicators only.

 

you should to use another ways in order to take the decision of buy or sell such as fibonacci or harmonic and support & resistance.

  • 1 month later...
  • 4 weeks later...
Posted

Combination of indicator are good but dont pick too many indicator because if you do you stand a better chance to loss some indicator are not easyly understood you need to undergo so major process before taking good backup

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