Forex Zone - Forex Forum

using or not using indicators, which one is better? in General Forex Discussion_6825f0acc9f09

using or not using indicators, which one is better?

Discussion started on General Forex Discussion

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
if in my opinion using or not using the same indicator accuracy is important mastery of the trader about that indicator.
#286 - October 12, 2019, 01:21:31 AM

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
if I prefer with indicators because it makes it easier to analyze.
#287 - October 12, 2019, 06:09:47 AM

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
Indicator as a helper for analysis, if not using the indicator means using other methods, such as fundamental or reading a candle stick. Using or not the indicator actually does not matter as long as always using other helper methods.
#288 - July 21, 2020, 04:52:44 AM

Sponsored

using or not using indicators, which one is better? in General Forex Discussion_6803a6c52eb12
#289 - Today at 12:25:58 AM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
actually both are good, using indicators if the end result is good profit as well as without using indicators, the most important thing is the end result is not how to achieve it.
#289 - July 21, 2020, 03:49:00 PM

  • Sr. Member
  • Posts: 452
  • Points: 2273
  • Likes Received: 13
  • Reputation: +0/-0
it's good not to use indicators but it requires a high understanding, the fewer indicators, the simpler the analysis will be according to my understanding.
#290 - July 21, 2020, 05:52:00 PM

  • Sr. Member
  • Posts: 449
  • Points: 45319
  • Likes Received: 14
  • Reputation: +1/-0
if I prefer without indicators because in addition to being simple, also without indicators, our trading platform will be lighter, trading without indicators can be done by trading or just by using candlesticks.
#291 - July 22, 2020, 11:29:49 AM

  • Sr. Member
  • Posts: 358
  • Points: 56105
  • Likes Received: 10
  • Reputation: +1/-1
I prefer trading by using indicators but limited, not using excessive indicators enough 1-2 indicators and analysis using candlesticks is good enough to make predictions or in-depth analysis.
#292 - July 22, 2020, 12:07:57 PM

  • Sr. Member
  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
relatively, that's the right answer because there are several styles and strategies both using and without using indicators so they are good when applied properly.
#293 - July 22, 2020, 02:54:29 PM

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
First time learning to trade, looking for the good indicator, trying one indicator and another one, but about self-discipline is the big problem, then find own style if I like only analyze based on candlestick pattern and look for support resistance in a simple way look from past history
#294 - July 22, 2020, 11:59:09 PM

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
If you don't have forex trading skills, it's better to use indicators.
reading indicators is easier than other trading methods
#295 - July 23, 2020, 03:37:20 AM

Sponsored

#296 - Today at 12:25:58 AM

  • Sr. Member
  • Posts: 434
  • Points: 0
  • Likes Received: 17
  • Reputation: +1/-0
if I suggest using indicators first, especially if you are still a beginner because beginners who use naked trading right away will be very difficult, indicators are a tool before we decide to naked trading.
#296 - July 23, 2020, 01:13:06 PM

  • Sr. Member
  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
I am more comfortable using indicators so I am more likely to use technical indicators rather than just using candlesticks or without using any tools because it has become my trading style like that.
#297 - July 23, 2020, 02:10:58 PM

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
For me the indicator is a very important tool, without indicator indicator I am very dark, do not have the light to analyze the market. :)
#298 - July 26, 2020, 05:18:05 PM

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0

Any indicator that if we are wrong in understanding its basic functions will result in false signals. Let alone two indicators, even just one indicator will give so many false signals if we are wrong in understanding the basic functions of the indicator itself. Then what is the basic function? the basic function of the indicator according to its name is to give an indication or trend. What tendencies are married? can be direction, can also limit. Whose name tendency is not a certainty, so the possibility of prices can move according to the trends given by the indicator or CAN NOT ALSO. This basic first thing should be understood by everyone who will use indicators. Our example uses moving averages with exponential calculation methods to see movements say 24 hours backward. Because the Supreme Court is pointing down sharply we regard it as a signal for sell sell, then we enter and it turns out that the price keeps moving upward causing our position to be minus. Then did the MA show the wrong signal? the answer is not, because the Supreme Court only does the calculations and describes the results of the calculations on the chart, it is not a signal for determining entry. This is only one indicator, if added again it may not increase accuracy but rather increase the possibility to make it more confused what to entry and when.

So any indicator can give a false signal if we consider that indicator as a tool to provide buy or sell signals. Because no matter how good the calculation behind the indicator is, no one can really predict prices with 100% accuracy.
#299 - July 26, 2020, 08:39:04 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Using indicators is enough to help you analyze the market according to the signal given by the indicator, as long as it is always sharpened, it will be accurate.
The indicator must be installed for each analysis
#300 - July 28, 2020, 01:59:23 AM

Members:

0 Members and 2 Guests are viewing this topic.