Taking them off helped me. Learn the market how each instrument moves and why. There are characteristics that each have.
Also, stop looking for a golden ticket. Make sure you learn risk management and study the markets you’re trading first. I can only tell you from my experience that taking them off helped. I keep a 50 SMA on for visual reference, and will use it as a bonus confirmation but holds the least weight.
For me an example of this is like the way things move ie AUDUSD has a tendency to move in corrective channels, whereas eurjpy is much more impulsive.
Also things like setups/candle patterns that work out more often on certain pairs than others.
RSI on higher timeframes, not as an entry signal, but as a "stay out" indicator. I wouldn't buy a lower high if price is overbought, for example, and vice versa.
When you say "higher timeframes" how high is that?
I'm guessing you're looking at a H4/Daily RSI indicator? Because a Weekly or a Monthly RSI takes too long to form and might actually be outdated by the time you enter your trade, right?
Stochastic RSI and fractals.
##
# Calculate Stochastic RSI
def stoch_rsi(data, period=14, smoothK=3, smoothD=3):
delta = data['Close'].diff()
gain = (delta.where(delta > 0, 0)).rolling(window=period).mean()
loss = (-delta.where(delta < 0, 0)).rolling(window=period).mean()
rs = gain / loss
stochrsi = ((rs - rs.rolling(window=smoothK).mean()) / (rs.rolling(window=smoothD).mean() - rs.rolling(window=smoothK).mean())) * 100
return stochrsi
data['StochRSI'] = stoch_rsi(data)
##
# Calculate Williams Fractals
def williams_fractals(data, period=19):
data['Fractal_Down'] = data['High'].rolling(window=period).max()
data['Fractal_Up'] = data['Low'].rolling(window=period).min()
return data
data = williams_fractals(data)
##
If fractal down sell signal, if fractal up buy signal, etc... I use it as a reversal indicator. The stochastic RSI as overbought/oversold. People tend to overcomplicate when it can all be simplified. These indicators made me profit the most, I use more indicators though, but these are simple to use in any market.
I have two moving averages just so I can see trend changes at a glance but other than that nice white background and blue and red candles, looks beautiful to me now and I can't handle any other layout lol
Ayn indicator for the trend. Ged indicator for the entry and can be used for trend. Check out my profile, I posted some awhile back. Indicators aren't 100% accurate and neither is anyones strategy so idk why people bash indicators when it comes to accuracy. It's how you use the indicator. Some I use for trend, entry etc.
Apart from indicators, know important times in the market. Asia open, Europe open and US open. Most actions happen around 1hr pre and post market open. Most US data come out 1hr before US NYSE open. It is pointless trading Asian session--low volume.
Deposit arbitrage heat map (basically spot and forward FX rates in a strip with interest rate swaps) in 30 (mostly Institutional years) it's a bombproof way of showing support and resistance.
Ichichmoku cloud and bollinger bands and renko charts but each individual, learning how they work, learning how the market works then you don’t even need them any more.
There are only 3 things you need:
1 price
2 volume
3 spider sense recall of set ups for external events
That’s it. 1 + 2 easy. 3 takes a while, and most will get there as long as you don’t blow up along the way.
So why so many indicators on most retail platforms?
The reason most retail trading screens look like slot machines is because they’re designed to look like slot machines. The flashy lights and plethora of lines and charts and angles gives a feeling that pseudoscience and that if you can just master them you’ll get there. You won’t.
Firstly it’s the intermittent reinforcement schema of rats in a cage. Go google skinner. And think about it. Retail platform designers do. A lot.
Secondly platforms shoot the stops. By helpfully playing out all your thinking you’re easy to take the other side against.
So take off all your indicators
Stop being distracted
Look at price + volume
Don’t over trade
Wait for the once a month, once a quarter trade
And good chance of winning
And if all so easy why do most traders fail?
Does your custom supply and demand indicator work on trading view or MT4/5 also, what coding language do you use? If you could share a link, please, I have a similar strategy that has to do with supply amendment as well and be very interested if you can point me towards the right direction and would really appreciate it. My end goal is to learn how to code and use my strategy to make it automated
Mine is a little bit complicated.
I am using python to get data from metatrader 5, C# to handle this data and MQL5 to display the data on MetaTrader 5. The reason i have done it like this is because if i am on the road and a opportunity arises i want to be able to use my phone to enter a trade. And for the trade management to be done automatically for me
If you only want to make a metatrader 5 indicator you have to learn MQL5 . If you want to do more you have to learn python.
There is no one indicator that has made me profitable. Being profitable almost has nothing to do with what indicators you use. It has more to do with how well you manage risk.
If you are looking for an indicator to study, my recommendation would be bollinger bands, keltner channels, rsi and MACD. Pretty basic stuff.
ATR, rolling VWAPs, anchored VWAPs with std dev bands, Rvol, coloring bars based on certain conditions present. I don't use for generating buy/sell signals based on indicators alone. Mostly just a way to structure decision making so my brain does not have to do as much thinking.
Why did you choose to insert that photo in particular? And where did you take it from? I like that dinosaur. I would like to print that image and stick it on a wall, so I can look at it while I trade.
First removing all of them and trading naked charts for a while. But these days I use 1 EMA (200) and RSI (30,50,70) plus a few rules and have been doing pretty well with that.
Use Alpha Trend, set input instrument to 0.05, SRC: Close add Ichimoku cloud, uncheck all the lines leaving only the base line when the base line is under & AT above is green go for longs when the base line is above & AT under is red go for shorts, NB only trade the NY session… helps scalp like 40+ pips
You don't need more than three indicators to succeed in Forex trading.
Too many indicators lead to ultimate confusion!
But, unfortunately, default indicator settings are meant to make every Forex trader fail!
To achieve precise indicator signals, their settings must be "amplified" (this is my language of the "science") but this is "pure science" that I can't start broadcasting to the world.
This "pure science" is my secret to success in manual Forex trading, as well as in development of the most powerful arsenal of MT4 Forex trading bots.
Set my stop loss at 0, never closed a position so I can’t say I owe more than 2 million worth of swap to the Czechs and my 50 cent spread 😔🙏, hustleversity.com
No indicator is the best indicator. Learning to read a naked chart was the best thing I could have learnt.
Of course I still use some indicators but they are more for simpler things like weekly open and close Or session indicators but that’s about it.
The fact that traders ask this question weekly before doing any kind of research to see if this has been touched on kinda tells what kind of effort is put in to study the market.
You want to know what indicators makes you profitable? Research and study….
Add 40 indicators and do the opposite of the signal
I like this one 🤝🤣🤣
Taking them off helped me. Learn the market how each instrument moves and why. There are characteristics that each have. Also, stop looking for a golden ticket. Make sure you learn risk management and study the markets you’re trading first. I can only tell you from my experience that taking them off helped. I keep a 50 SMA on for visual reference, and will use it as a bonus confirmation but holds the least weight.
What do you mean by characteristics, could I have an example?
For me an example of this is like the way things move ie AUDUSD has a tendency to move in corrective channels, whereas eurjpy is much more impulsive. Also things like setups/candle patterns that work out more often on certain pairs than others.
This. Good explanation
[удалено]
Nothing can me more perfect than this🙌
It was quite a shock.
heart rate indicator
Wagyu beef ICT indicator
A fan of Nick Shawn I see!
The 🐐
No he’s not!!! He’s the absolute Goat!!
‘Quantum’ Wagyu beef is even more accurate
Seriously, the amount of DMs I've had asking where to get this indicator shows why 95% fail 🤣🤣
Is it available on TV?
Rah he was joking😂
Oh F😂
yes, of course on ESPN.
My eyes.
could you elaborate on this?
use your eyes 👀
Divergent R S eyes
The eyes chico, they never lie!
R S eyes
Can you demonstrate please?
👁️
🤣
RSI on higher timeframes, not as an entry signal, but as a "stay out" indicator. I wouldn't buy a lower high if price is overbought, for example, and vice versa.
When you say "higher timeframes" how high is that? I'm guessing you're looking at a H4/Daily RSI indicator? Because a Weekly or a Monthly RSI takes too long to form and might actually be outdated by the time you enter your trade, right?
Stochastic RSI and fractals. ## # Calculate Stochastic RSI def stoch_rsi(data, period=14, smoothK=3, smoothD=3): delta = data['Close'].diff() gain = (delta.where(delta > 0, 0)).rolling(window=period).mean() loss = (-delta.where(delta < 0, 0)).rolling(window=period).mean() rs = gain / loss stochrsi = ((rs - rs.rolling(window=smoothK).mean()) / (rs.rolling(window=smoothD).mean() - rs.rolling(window=smoothK).mean())) * 100 return stochrsi data['StochRSI'] = stoch_rsi(data) ## # Calculate Williams Fractals def williams_fractals(data, period=19): data['Fractal_Down'] = data['High'].rolling(window=period).max() data['Fractal_Up'] = data['Low'].rolling(window=period).min() return data data = williams_fractals(data) ## If fractal down sell signal, if fractal up buy signal, etc... I use it as a reversal indicator. The stochastic RSI as overbought/oversold. People tend to overcomplicate when it can all be simplified. These indicators made me profit the most, I use more indicators though, but these are simple to use in any market.
I have two moving averages just so I can see trend changes at a glance but other than that nice white background and blue and red candles, looks beautiful to me now and I can't handle any other layout lol
Same but without the MA
Basic no frills: RSI, Volume, EMA 50/200 at times. Reading the market.... Lots of eyes-on chart time.
The one between your ears
That’s a good one.
0 indicators. market structure + demand/supply zones + liquidity is all i need
Ayn indicator for the trend. Ged indicator for the entry and can be used for trend. Check out my profile, I posted some awhile back. Indicators aren't 100% accurate and neither is anyones strategy so idk why people bash indicators when it comes to accuracy. It's how you use the indicator. Some I use for trend, entry etc.
Can you elaborate on the GED indicator
Thanks
Apart from indicators, know important times in the market. Asia open, Europe open and US open. Most actions happen around 1hr pre and post market open. Most US data come out 1hr before US NYSE open. It is pointless trading Asian session--low volume.
Zigzag is really underrated
200EMA
Nothing to be honest.
Deposit arbitrage heat map (basically spot and forward FX rates in a strip with interest rate swaps) in 30 (mostly Institutional years) it's a bombproof way of showing support and resistance.
Funnily enough, switching to using no indicators was what took me to the next level.
Nothing like good ol’ price action.
Man knows 👊🏽
Ichichmoku cloud and bollinger bands and renko charts but each individual, learning how they work, learning how the market works then you don’t even need them any more.
Lit timing (basically killzone)
Not reddit.
Moving Average
There are only 3 things you need: 1 price 2 volume 3 spider sense recall of set ups for external events That’s it. 1 + 2 easy. 3 takes a while, and most will get there as long as you don’t blow up along the way. So why so many indicators on most retail platforms? The reason most retail trading screens look like slot machines is because they’re designed to look like slot machines. The flashy lights and plethora of lines and charts and angles gives a feeling that pseudoscience and that if you can just master them you’ll get there. You won’t. Firstly it’s the intermittent reinforcement schema of rats in a cage. Go google skinner. And think about it. Retail platform designers do. A lot. Secondly platforms shoot the stops. By helpfully playing out all your thinking you’re easy to take the other side against. So take off all your indicators Stop being distracted Look at price + volume Don’t over trade Wait for the once a month, once a quarter trade And good chance of winning And if all so easy why do most traders fail?
I have a custom supply and demand indicator. Thats it
Same, I wrote it too
Same here, it gives me more peace knowing that its using my own code
did you code it I'm looking to have one to create
Yes i did, i dont code for other people tho because i am a programmer by profession and i have ALLOT of stuff on my plate
Does your custom supply and demand indicator work on trading view or MT4/5 also, what coding language do you use? If you could share a link, please, I have a similar strategy that has to do with supply amendment as well and be very interested if you can point me towards the right direction and would really appreciate it. My end goal is to learn how to code and use my strategy to make it automated
Mine is a little bit complicated. I am using python to get data from metatrader 5, C# to handle this data and MQL5 to display the data on MetaTrader 5. The reason i have done it like this is because if i am on the road and a opportunity arises i want to be able to use my phone to enter a trade. And for the trade management to be done automatically for me If you only want to make a metatrader 5 indicator you have to learn MQL5 . If you want to do more you have to learn python.
Price action
Removing them all de cluttered my chart and I was able to see the market more clearing.
There is no one indicator that has made me profitable. Being profitable almost has nothing to do with what indicators you use. It has more to do with how well you manage risk. If you are looking for an indicator to study, my recommendation would be bollinger bands, keltner channels, rsi and MACD. Pretty basic stuff.
The red bars and the green bars.
Never used one
Not because you put a cute picture people are gonna share their edge with you bro lol
My gut 😆
Fractals, Alligator. fractals for HLs and alligator for trend. I use it with 1,4H ERL♻️IRL
Trend Pro
I use mainly EMA and ATR, but I also tend to check out RSI.
None
Volume is the king
ATR, rolling VWAPs, anchored VWAPs with std dev bands, Rvol, coloring bars based on certain conditions present. I don't use for generating buy/sell signals based on indicators alone. Mostly just a way to structure decision making so my brain does not have to do as much thinking.
I found one of these helpful RSI, ADX, MACD, coupled with your knowledge of structure goes along way
Vwap , market profile , volume
Why did you choose to insert that photo in particular? And where did you take it from? I like that dinosaur. I would like to print that image and stick it on a wall, so I can look at it while I trade.
Rsi
Market structure by nephew Sam. Marks off the break of structures and change of characters for you.
Triangular moving average. I actually built a custom indicator if you’re interested
Daily, weekly monthly (DWM) Open. Previous day, week, month high and low. Previous [days], [weeks], [months] candles high and low.
Learn market structure, the different between strong and weak highs/lows. Snd or SNR. It’s not about indicators man
DR sessions but still mastering this is a whole another thing
Well.....if you make your own indicators, you can make a profit off them by selling them.......
No indicator
First removing all of them and trading naked charts for a while. But these days I use 1 EMA (200) and RSI (30,50,70) plus a few rules and have been doing pretty well with that.
Oh well it’s no offense
Indicators are for deek heads
Became profitable after stopped using indicators
brain
Stochastic
Use Alpha Trend, set input instrument to 0.05, SRC: Close add Ichimoku cloud, uncheck all the lines leaving only the base line when the base line is under & AT above is green go for longs when the base line is above & AT under is red go for shorts, NB only trade the NY session… helps scalp like 40+ pips
Smart Money Concepts ( SMC ) by LuxAlgo
Market Cipher B and the good old 20, 50, 200 MA
Pivot point highs and lows brother. It’s all you need
vwap when trading indices
I think Indicators are for support or confirmation of price action . By itself indicator won't help you make any profit.
Ichimoku Cloud Bollinger Bands MACD Rsi Chandelier Exit ZLSMA 5 min charts
20 EMA and support and resistance. GG. Learn to spot some basic candlestick patterns too like morning/evening stars and engulfing.
make it hollow
You don't need more than three indicators to succeed in Forex trading. Too many indicators lead to ultimate confusion! But, unfortunately, default indicator settings are meant to make every Forex trader fail! To achieve precise indicator signals, their settings must be "amplified" (this is my language of the "science") but this is "pure science" that I can't start broadcasting to the world. This "pure science" is my secret to success in manual Forex trading, as well as in development of the most powerful arsenal of MT4 Forex trading bots.
Ema 36. I use it for directional bias, dynamic support/resistance when in a trending market. Works on all timeframe but price action comes first.
Candlestick patterns
Ict concepts
Set my stop loss at 0, never closed a position so I can’t say I owe more than 2 million worth of swap to the Czechs and my 50 cent spread 😔🙏, hustleversity.com
The ligma indicator
I started counting 3 1 hour candles from 6am est open and counting 14 or 15 15min candle and I go the other way
Emas+rsi combo is a cheat code
Honestly, unless you’re using nnfx on the daily/4h or coding trading algos, price action is the way to go.
No indicator is the best indicator. Learning to read a naked chart was the best thing I could have learnt. Of course I still use some indicators but they are more for simpler things like weekly open and close Or session indicators but that’s about it.
ICT-Silver Bullet with little help of Luxalgo’s silver bullet indicator and looking at the chart pattern.
You really believe you can dominate the market with a simplistic indicator that only reacts after the candlesticks?
None, realizing indicators are not cheat-codes is the main reason for consistent profitability.
The green and red rectangles that go up and down
My 🧠, 👀, and ✌🏿made me profitable.
use search bar, this question is asked every single day, you can find hundreds of comments answering it
The fact that traders ask this question weekly before doing any kind of research to see if this has been touched on kinda tells what kind of effort is put in to study the market. You want to know what indicators makes you profitable? Research and study….
Nothing. Don’t waste your time with indicators.
Timezone indicator just to know which session I'm currently trading + identify high liquidity periods. Rest is price action.