Re: МТ4 Trading Systems: DARK ENERGY FOREX SYSTEM

#1115
Dear Amdudus,
Thanks for all your efforts here. Apart from sharing the stuff, you also helped us not to waste money on many indicators we most likely had for free.
Most new indicators are just like music. Remix it and give it a name and so also the indicators. Rename it and sell the ex4 file and no one will know the source code. A pirate will accuse people of piracy.
If you need source code for ''Binary Code Indicator'' look no further than ''ForexprofitsupremeFilter'' minus the arrows.
ForexprofitsupremeFilter.mq4
(15.74 KiB) Downloaded 725 times


Re: МТ4 Trading Systems: DARK ENERGY FOREX SYSTEM

#1119
Liovannix wrote:
Sun Sep 29, 2019 7:26 am
Dear Amdudus,
Thanks for all your efforts here. Apart from sharing the stuff, you also helped us not to waste money on many indicators we most likely had for free.
Most new indicators are just like music. Remix it and give it a name and so also the indicators. Rename it and sell the ex4 file and no one will know the source code. A pirate will accuse people of piracy.
If you need source code for ''Binary Code Indicator'' look no further than ''ForexprofitsupremeFilter'' minus the arrows.
The Russian coder, which modified the indicator, was guided by its internal motives. But still. You see, we still moved forward, thanks to your comments. All the same, whoever says-the collective brain is power.

Re: МТ4 Trading Systems: DARK ENERGY FOREX SYSTEM

#1120
Some thoughts on indicators.
I know what you are looking. Best Forex indicators, which show where you need to buy and where to sell to your trade account has turned into an ATM, supplying you with money. Unfortunately, such indicators are not available. However, there are indicators that work best in certain market conditions, increasing your chances for profitable trades.
Which is more efficient for trading: indicators or price action? The debate about it is probably as old as trading itself in the financial markets. The answer to this question is: both.
As you will see, between the trade indicators and price action there is practically no difference, and both approaches are based on the same data. Eventually you will get the same results no matter which approach you choose. It just depends on personal preferences of each trader.
The indicators can be used for three purposes:
They help to determine the current state of the market. You can find out whether a market is trending, consolidating, what is the current volatility, etc.
They help find critical price area on a chart with a favorable risk reward ratio.
They provide an entry point and exit point of the transaction that is important.
Forex indicators are tools that get information about price or volume, then apply some formula, and then convert these data into visual information on the chart. By means of analyzing price data, indicators provide information about the strength of the trend, strength, momentum, potential reversal points in the market and points of the inputs.
Indicators add nothing or subtract from the information about the price. Thus, an experienced trader will always receive the same information from the testimony of their indicators, as analysis of price movement on the chart.
Problems arise when traders misunderstand the indicators. A trader who never looked at the formula, could easily make wrong conclusions about his work.
Forex indicators can use information about the maximum of the candle, the low, range size candles, opening and closing. Therefore the indicator might even show more accurate and convincing data than just the price movement on the chart. Traders often do not know how to link price data to any valid conclusions. Thus, for a trader it is essential to remain confident in your analysis of the market, otherwise he may miss out on valuable information and it is wrong to interpret the selected trading instrument.
The myths associated with indicators
Let's discuss the 3 most popular myths about indicators.
Forex indicators lag behind price movement
Let's start with the ignorant myth. Signals actually do not lag behind price movement. If you look at how a particular indicator, it will be immediately seen. The indicator will give you the signal as soon as the candle closes. It's the same moment and analyze market patterns price action. Candlestick pattern can be confirmed only after will the closure of the candles.
Only fans that blindly come in and out of the market during the formation of the candle, I believe that indicators are lagging behind. However, they trade on price action is also not profitable, because they are never waiting for supporting information and enter the market on impulse.
Indicators use a period setting, which means that they analyze the price action for a certain period of time. It's not the same as otstavanie. It's a way to get more accurate information about what happened and what is happening at the moment on the market. The indicators provide meaningful data and consider the broader market context.
The indicators wrong. Price action is never wrong
It is very close to the first statement. Any price schedule can be assessed true or false. Traders price action is often confused in its analysis, drawing too many levels of support and resistance, trend lines, etc.Price action traders who trade only on a bare chart easily feel lost when they have no fulcrum to enter the market. The same is true for indicators. You need to find a balance between indicator information. But to say that only price action is a pure way to analyze the market is completely wrong.
Only the price matters
What does this statement mean? Price action is also essentially just a way to visualize information coming from charts. Indicators do not add or remove anything from the price action.
Each indicator was created for one specific purpose and, thus, is the best way for a specific market analysis. At the same time, price action is a more raw form of analysis, which should also be used in the right context.
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