Quoting TheRumpledOneDislikedIndicators are for suckers!
Trading is simple.
Just draw a horizontal line on the chart.
If the candle is green, go long at the line.
If the candle is red, go short at the line.
It IS that simple.
You only lose if you are too slow or too greedy!
Yes, I have written and posted hundreds of indicators on TradeStation, eSignal, yahoo, StockFetcher and Kreslik. I do that because I can program. I do it for free. I don't sell indicators. Some people want you to buy their indicators. To me, if the indicators were any good, they would use them to make money and give the code away for free just like I do!
I hate to see people pay for indicators and then lose money using those indicators.
Indicators are great for analyzing the market when the market is closed. But when the game is on, they just confuse you.
A horizontal line is simple.
I simple buy/sell at the x.xx00, x.xx25, x.xx50 and x.xx75 levels based on candle color. So long as I am not greedy and not slow, I make pips!
I use 1 min, 5 min, 60 min and daily charts.
It really is simple!!Ignored
In the beginning I tried many indicators, but none made up to my expectations.
I make money trading forex without any indicators.
More people should try it.
Very nice to see that there are others trading and making money without any indicator. I just need to keep in mind not to get greedy! and work hard!