Question for all you MT4 gurus 0 replies
DislikedSpaceduck - you're 100% correct. Banks don't use indicators. But they know retail traders do, so it's easy for banks to target their stops.Ignored
Dislikedbecause people are basically lazy and want the percieved easy way out. .Ignored
DislikedAll anyone needs is a system that keeps the way they interpret the markets stable and reasonable stops.
However, I don't find it hard to believe that some of these backward looking indicators could give someone the confidence to consistently enter trades and, coupled with good risk management, consistently walk away with some profit.
And I seriously doubt that when Soros took on the UK gov with his famous Cable trade that it was due to price breaking through his parabolic SAR indcator.
On the flip-side I'm sure people here would back me...Ignored
DislikedFor the traders that have years of experience, are profitable, and still use indicators, I'd like to know why you still use them. But in a nutshell, I just want to know why successful traders continue to use indicators, and have not switched over to "naked" charts.Ignored