Thanks for the reply. So basically price action, correct, which I mentioned can be very subjective. And those methods would be very difficult to put into an EA but there are algorithmic traders that profit (not common) but not common for manual traders to profit consistently either. And indicators should be able to read momentum and such too if done right. There is too much information out there and too many scams. I wouldn't know where to actually learn this stuff and not just waste my time and babypips is elementary. Plus, the london and US session are in the middle of the night for me so EA was more realistic.Ogee wrote: ↑Tue Apr 06, 2021 8:44 pmHi, taking signals without real time reference to market activity, chart structure, momentum and recognition of where buyers and sellers are actually doing business is never going to work.
So an indicator needs to be read in context and ignored if the market or chart are not conducive. Learning to read charts is more important and is the first skill set needed before adding any indicators.
These skills allow you to anticipate where and when an opportunity is likely to develop, and when you see them, then looking to indicators for confimation will be more rewarding.