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by JustInForEx
I want to write my point of view to you.
Like so many, I've also tested countless indicators. Like so many, I lost money in the process. Like so many before me, the realization came that you can't make money with indicators. They are almost useless in the market. Certainly one or the other indicator can show the trader a possible direction. But no indicator looks to the future. All indicators show what has already happened. The decision the trader makes is 95% too late to gain an advantage. Therefore the indicators always look great and seem to work ... But the more indicators, the more decisions the trader has to make. A game made to lose ...
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I used a lot of platforms. Mainly MT4, MT5 and Sierra Chart. At times I also used Ninjatrader.
Here's what I found out:
1.
I used the MT5 at 2 different brokers at the same time. My brokers were AMP Futures and FXFLat. Although I had the same live market data (level 2, market depth), both CQG, the charts and the calculations of the indicators were different !!! AMP says: no fault with us. FXFLAT says: the same. I should ask metaquotes ...
2.
Example Sierra Chart. Broker: AMP Futures. Market data: CQG
I went long at 14857.25. My S / L was 14855.00 (Nasdaq100). The price spun in my direction at 14855.75. And now it comes: MY S / L WAS TRIGGERED, although the price was NOT traded there at any time !!! AMP Futures says: no mistake with us. Ask SierraChart Support. Guess the answer: no mistake with us. Ask at AMP ....
In summary, this means: shut up and lose money. We are not doing anything wrong, because as long as the trader is losing money, the broker and the platform have done everything right. It's like the fight of YOU against the good cop (platform) and against the bad cop (broker).
This game is made by prostitutes and their sons.
Well ...
I'll tell you something else:
Wonder why they advise you to risk only 2-5% of your credit? They do this so that they can slowly steal your money step by step. So never put an S / L. The good cop or the bad cop are just waiting ...
What do I think today: All you need when trading is a blank chart. No indicator. No lines. No support / resistance. NOTHING. Because EVERYTHING that the market does is on the chart and is reflected in the price. Anyone can learn that. You have to watch the market long enough and recognize and use the few opportunities that are coming. That's all. If you can't do this, get fucked and keep losing money.
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Do I still trade?
YES I DO! And I'm successful, which doesn't mean that I get pissed off sometimes. But there is always a profit at the end of the month. That is the difference.
I am not interested in a discussion and will not answer any further.
Good luck!