Indicator Secrets!
Posted: Sun Sep 24, 2017 11:29 am
by society
Share your little known Indicator secrets!
I will start with the Bollinger Band. It only really works for in strong trends.
The 'secret' is its use as an exit signal. Bottom band for longs/Top band for shorts
Maybe we can have an indicator made for this? Its off the chart much of the time.
Re: Indicator Secrets!
Posted: Sun Jan 07, 2018 3:33 am
by Intrest 1
please
Re: Indicator Secrets!
Posted: Sun Jan 07, 2018 5:15 am
by TimmyHanke
Why is that a secret that it only works in strong trend , they all are like that.
They are based on the same thing , different methods but still x pips/points </> open price.
To make it you have to make sure every aspect of your strategy is to your own liking and to do it consistant , not to have a stoploss that could be 2 pips sometimes and 50 the other time , either accept your wrong position as early as possible and close it or countertrade that position for a inner locked loss between the both positions.
on the otherside , let the profitable trades be as big as they can get but not the loosing once.
Re: Indicator Secrets!
Posted: Tue Jan 09, 2018 3:05 am
by Intrest 1
TimmyHanke wrote: Sun Jan 07, 2018 5:15 am
Why is that a secret that it only works in strong trend , they all are like that.
They are based on the same thing , different methods but still x pips/points </> open price.
To make it you have to make sure every aspect of your strategy is to your own liking and to do it consistant , not to have a stoploss that could be 2 pips sometimes and 50 the other time , either accept your wrong position as early as possible and close it or countertrade that position for a inner locked loss between the both positions.
on the otherside , let the profitable trades be as big as they can get but not the loosing once.
It is very simple. Add the indicator MA and 89 traffic signals after crossing the MA in the trend direction
