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!
3Why 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.
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!
4It is very simple. Add the indicator MA and 89 traffic signals after crossing the MA in the trend directionTimmyHanke 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.