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Forex Zone - Forex Forum
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General Forex Discussion
How many indicators or only one?
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How many indicators or only one?
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Re: How many indicators or only one?
Dyandra
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If you use one indicator, in my opinion that is enough, but you have to really practice the indicator and have tested it before and in my opinion that is very good.
#1846
- October 31, 2023, 03:29:02 AM
Re: How many indicators or only one?
Vernalta
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It's best not to use too many indicators because the function of the indicators here is only as a tool and is not very important, the important thing is the candlestick.
#1847
- November 01, 2023, 03:41:19 AM
Re: How many indicators or only one?
Ikhtiar
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I think with just one indicator you will be able to control yourself and be disciplined to become a competent trader, if you use many indicators you won't necessarily be able to be disciplined.
#1848
- November 01, 2023, 03:44:37 AM
Re: How many indicators or only one?
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Re: How many indicators or only one?
Dyandra
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Using indicators doesn't need to be too big, it doesn't need to be too many. You can use indicators that you have studied with high accuracy, that's enough.
#1849
- November 02, 2023, 02:05:07 AM
Re: How many indicators or only one?
Ikhtiar
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It's best to take the time to analyze market conditions and look for profitable opportunities with just one indicator, there's no need to use many indicators which makes it more complicated.
#1850
- November 02, 2023, 02:08:57 AM
Re: How many indicators or only one?
Vernalta
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Using this indicator should not take too long, it doesn't need too much because the indicator is only a tool to find out the next upward or downward trend for the problem of perfecting techniques for opening positions using price action. In my opinion
#1851
- November 03, 2023, 01:56:38 AM
Re: How many indicators or only one?
Ikhtiar
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I think it doesn't matter how many indicators you use. The most important thing is trading psychology. You need to have it so you don't rack your brain too much and use lots of indicators.
#1852
- November 03, 2023, 02:00:19 AM
Re: How many indicators or only one?
Dyandra
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In my opinion, if you can use indicators that suit your needs, for example if you need a reversal then you can use stochastics or if you want to analyze trends you can use a Moving Average so just use what you need.
#1853
- November 04, 2023, 02:15:40 AM
Re: How many indicators or only one?
Vernalta
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If you use indicators then only use as many indicators as necessary which you really master, you don't need to imitate other people who use so many indicators that they cover the screen, it actually makes you confused and it reflects that you are not consistent with your own knowledge.
#1854
- November 05, 2023, 02:42:59 AM
Re: How many indicators or only one?
Dyandra
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Technically, using indicators is not necessary. Too many here. When we use analysis, we use something that suits our ability to use indicators, so use indicators only according to what is needed.
#1855
- November 06, 2023, 03:31:13 AM
Re: How many indicators or only one?
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Re: How many indicators or only one?
Vernalta
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In my opinion, when using an indicator, you don't need too many, up to 5 or more than 5. It's not important here, even if it's just one, but you really understand how to use Open positions using that indicator.
#1856
- November 07, 2023, 04:12:49 AM
Re: How many indicators or only one?
Dyandra
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Using indicators must be used well, never use a lot of indicators which actually makes it more difficult for you to analyze and cannot be consistent.
#1857
- November 08, 2023, 06:33:42 AM
Re: How many indicators or only one?
Ikhtiar
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Traders with stable emotions can trade with just one indicator, because if there are many indicators, their emotions may become unstable.
#1858
- November 09, 2023, 01:24:34 AM
Re: How many indicators or only one?
Vernalta
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In my opinion, when you use indicators, choose to use indicators that are good enough for you, even if it's just one, it doesn't matter, it's important to be consistent.
#1859
- November 09, 2023, 02:07:29 AM
Re: How many indicators or only one?
Dyandra
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I think using indicators is not necessary too much. The most important thing here is that using indicators must be in accordance with your abilities and is definitely used for analysis.
#1860
- November 10, 2023, 01:29:19 AM
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How many indicators or only one?
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