Indicators are useful but

The indicator is indeed very profitable but it is very slow. So many times the indicator provides the signal after a move is lost.

hitterbull posted:
If you pair an indicator with a profitable strategy, it kind of adds to the overall profitability of it.

Indeed, this is what make indicators much useful for traders

you can use indicators, Fibo and anything as you want. But try first to have a look at the chart history and check how effective they are. I think 1D charts can be only tradable if you use for example MACD.

Indicators are a way to look at chart data using mathematical functions, averaging, etc. Indicators do not predict the future, they only help to correctly assess the current market situation.

Indicators can increase win rate indeed but money management is the key to earn

To use indicator you need to have good idea about those indicators. With just default setting, they do not work all the time..

we can say that indicator makes us 55-60% win rate though we can lose 100% after 200% win.
so the power of system is the money management

It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.

Devers posted:
It is very important to realise that indicators are sometimes wrong and the main thing which a trader should pay his attention to is the charts as they show the accurate situation of the market and indicators only help the traders to make the right decision.

Indicators will be wrong if you do not pay attention to analysis being used, I am talking about fundamental and technical analysis.

The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.

AliForexTalks posted:
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.

You are right.

AliForexTalks posted:
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.

Agreed @AliForexTalks
Apart from MACD, I feel, RSI is quite helpful in forex trading.

I do not like MACD. It lags to much. But I do like RSI as guide to ho strong a trend is

croisssan posted:
As for me, the indicator is quite a useful thing, but only if it is used correctly. Sometimes you can get too stupid if you use purely indicators.

Yes. you need to have proper knowledge about indicators before using it.

SteveHanks posted:

croisssan posted:
As for me, the indicator is quite a useful thing, but only if it is used correctly. Sometimes you can get too stupid if you use purely indicators.

Yes. you need to have proper knowledge about indicators before using it.

Absolutely normal. You can`t use anything which you don`t understand.

Indicators are those software tools that help a trader by indicating or providing a market forecast. They are used in technical analysis and used as a backup in fundamental analysis. Personally, I prefer using indicators like RSI, moving average, bolinger bands, stockistics. These indicators perform well on average.

A platform is flourished with numerous indicators even though there are a handful of indicators that traders rely on the most. RSI, Moving average, Stokistics, Bollinger bands are notable indicators that traders rely on the most for generating signals.

When you select a trading strategy, you have to learn that the value of some pairs may fluctuate depending on the change in trade volumes. You should be able to identify the different charts and patterns, interest rates and how the news can influence the price of a pair. Do some research before going forward.

Forex indicators are important trading tools in analysing market data and prices. Though indicators are highly useful but totally depend on the trader and how it utilizes them when trading in the forex market.