Forex Zone - Forex Forum

How many indicators or only one?

Discussion started on General Forex Discussion

  • Newbie
  • Posts: 14
  • Points: 0
  • Likes Received: 4
  • Reputation: +0/-0
How many indicators or only one? Morning, bro, all ... How's the market? Have you made a lot of profit? Hehehe Today I want to ask you all about your mt4 / 5 platform. How many indicators have been set? Or do not want to be too complicated with other indicators? If in my opinion more than one indicator is highly recommended if you have mastered and know how to read it. However, if you are a beginner like me, it is better to use only two indicators such as BB and MA.

Linkback: https://www.forex.zone/general-forex-discussion/1/how-many-indicators-or-only-one/2194/
#1 - July 04, 2019, 04:07:10 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0

in trading I only use the candlestick pattern and Fibonannci Retracement indicator to find out where the price will move



#2 - July 04, 2019, 04:59:11 AM

  • Starter
  • Posts: 8
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
I only use the one indicator, Fibonanci, in my trading every day




#3 - July 04, 2019, 06:57:11 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0

the indicator that I use is more than 2, which is the Bolingger Band and the Stochastic Oscilator which is mandatory when trading



#4 - July 04, 2019, 07:33:11 AM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +1/-0
How many indicators or only one? Morning, bro, all ... How's the market? Have you made a lot of profit? Hehehe Today I want to ask you all about your mt4 / 5 platform. How many indicators have been set? Or do not want to be too complicated with other indicators? If in my opinion more than one indicator is highly recommended if you have mastered and know how to read it. However, if you are a beginner like me, it is better to use only two indicators such as BB and MA.
I only use the BB indicator because in my opinion it's very simple and nice to use in trading
#5 - July 04, 2019, 12:26:01 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
supporting indicators are better to use only 2, because it requires supporting the main indicators.
But not more than 2 indicators it will make you dizzy.
absolutely right, if too many indicators will make you dizzy and make doubts.
#6 - July 05, 2019, 01:49:46 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
I use 2-3 indicators according to my needs because I lack confidence if indicator one is not confirmed by other indicators.
#7 - July 05, 2019, 09:03:16 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
I only use 1 indicator, but if I experience confusion, sometimes I use one more indicator as confirmation.
#8 - July 05, 2019, 11:58:42 AM

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
Sometimes I like to using custom indicator, so I am attached on the chart, but often indicator only a tool and not always my decision based with the indicator, but many times my decision based on price action and candlestick pattern
#9 - July 05, 2019, 01:45:11 PM

  • Newbie
  • Posts: 12
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
if you ask how many indicators are needed, actually not using indicators is not a problem as long as we understand candlesticks.
so indicators are not a guarantee and do not have to use too many indicators because it will be very detrimental to your analysis of understanding.
#10 - July 05, 2019, 03:11:24 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
I used to use a combination of 3 technical indicators for my analysis, namely stochastic indicators, bolingerband and MA.
#11 - July 07, 2019, 07:08:36 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
the indicator that I use is 2-3 pieces even sometimes I only use candlesticks if I find a valid candle pattern.
#12 - July 09, 2019, 04:48:53 PM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
I use 2 types of indicators, namely stochastic and bollinger bands.
#13 - July 10, 2019, 05:52:48 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
I rarely use more than 2 indicators except when I need confirmation.
#14 - July 10, 2019, 08:35:02 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
the indicator that I use is 2 pieces so it's not too complicated to do the analysis.
#15 - July 10, 2019, 03:32:53 PM

Members:

0 Members and 1 Guest are viewing this topic.