GraceGilm posted: in general, I try to work without indicators, since there is little trust in them, or is this a mistake?
Not exactly the my theory. Use them, learn them, select your favorite ones and don`t go overuse in them. That`s it. Otherwise how could you know are they`re useful or not. Not using them at all is not something wise i think.
Earlier I tried to use Stochastic and Bollinger Bands. For the last time I don’t use technical indicators at all. It’s because I have recently discovered one helpful feature. It’s available on cTrader. Maybe you might have guessed that I’m talking about the depth of the market feature. It displays the selling and buying orders on the market in real time. It could help to enter the market at the very beginning of an impulse prive movement.
The technical indicator that I use the most is bollinger bands as they aid in signalling the right time to enter or exit a position by identifying when an asset is oversold or overbought in the market.
lanzu posted: There are thousands of indicators around our web. We have some built-in Indicator in MT4 also. Which indicator you use for your trading chart. I use a Custom Made indicator that I have bought from mql5. What about you? Show here your chart with your fav indicator.
I am not an indicator friendly guy, but till now I use Moving average trading tool, but it’s not my main concern, I use mainly price action trading to identify the market entry points!
Usually, I combine moving averages with stochastic indicators for short-term trading. These indicators work great for both short-term trading and long-term trading. I make use of the candlestick formations to use these.
gotta admit the fact that I faced with indicators only in the very beginning of my trading career. lol, I used them just because I read a lot about them and it seemed to me that they are super effective in trading. I can't allege that they aren't effective at all, but less effective that I expected when I just joined trading.
1) they show you only the gradual price change, following right after the lines and the graphic. 2) in fact, they contain lots of bugs and not all the brokers can provide you with high-quality indicators which won't lag at all.
advise you to pay attention to classical methods of technical analysis, such as patterns like flags, triangles, double/triple top or bottom.
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