Hi,
I am relatively new to both Forex and MT4. I am trying to set up a default chart that suits my style of trading. I mostly trade on trends and jump in close to when they peak and has proven itself strong hoping for a skim a little off the top (or bottom). I use a good commercial external service for signals which hasn't let me down yet. I do not do much news based trading. On the contrary, I stay out when big news break since it often seems to break the trends. This may all seem very defensive, but it mostly works for me.
When it comes to the default chart I am trying to create for myself I would like to add a couple of indicators that could be useful for my style of trading. I have looked at Momentum, Awesome and Moving Average to supplement the candle sticks. However, I would like some advice from the experts here on indicators I could try out. Are there ones to be found outside of the ones included in MT4?
TIA for advice and help.
I am relatively new to both Forex and MT4. I am trying to set up a default chart that suits my style of trading. I mostly trade on trends and jump in close to when they peak and has proven itself strong hoping for a skim a little off the top (or bottom). I use a good commercial external service for signals which hasn't let me down yet. I do not do much news based trading. On the contrary, I stay out when big news break since it often seems to break the trends. This may all seem very defensive, but it mostly works for me.
When it comes to the default chart I am trying to create for myself I would like to add a couple of indicators that could be useful for my style of trading. I have looked at Momentum, Awesome and Moving Average to supplement the candle sticks. However, I would like some advice from the experts here on indicators I could try out. Are there ones to be found outside of the ones included in MT4?
TIA for advice and help.
//C