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Profitable strategy with basic indicators

  • #1
  • First Post: Sep 4, 2018 2:02am Sep 4, 2018 2:02am
Please, you can share a profitable strategy with basic indicators,
such as MACD, MA, CCi, and the like. ?
  • #2
  • Dec 19, 2018 4:39pm Dec 19, 2018 4:39pm
Quoting tejt
Please, you can share a profitable strategy with basic indicators, such as MACD, MA, CCi, and the like. ?
Dear tejt,

Do a search for strategies, there is so many out there. To succeed in trading you have to do the work or you are guaranteed to fail, sorry for the harsh words.

I just want to help and provide some considerations you can follow up on.

It is not just about having a profitable set of rules (strategy), it is important to consider your discipline in following those rules as well as how you manage your money and risk.

I seen somewhere mentioned that a proven profitable strategy was given to 100 people and the results were that people still lost money...

Everyone is unique and so can be they way they trade.

Hope this will help,
Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #3
  • Dec 23, 2018 4:49am Dec 23, 2018 4:49am
Quoting tejt
Please, you can share a profitable strategy with basic indicators, such as MACD, MA, CCi, and the like. ?
Mate; trading is not much simple job, I have never seen (honestly) indicator based profitable system; focus on chart analysis & the fundamental.
  • #4
  • Dec 23, 2018 5:35am Dec 23, 2018 5:35am
WOW! Why is it that I have never heard someone say that "I have never seen (honestly) indicator based profitable system"? I have never heard someone say they focus on chart analysis and the fundamentals. Please I am new to FX, But no one has admitted this statement, can you explain, I am uber curious!!
  • #5
  • Dec 23, 2018 7:42am Dec 23, 2018 7:42am
Quoting LuwamzDad
WOW! Why is it that I have never heard someone say that "I have never seen (honestly) indicator based profitable system"? I have never heard someone say they focus on chart analysis and the fundamentals. Please I am new to FX, But no one has admitted this statement, can you explain, I am uber curious!!
You might not find many here on FF that are profitable but I can tell you that I do chart analysis and focus on technicals (reading the chart) but not fundamental.
  • #6
  • Dec 23, 2018 10:19am Dec 23, 2018 10:19am
Quoting LuwamzDad
WOW! Why is it that I have never heard someone say that "I have never seen (honestly) indicator based profitable system"? I have never heard someone say they focus on chart analysis and the fundamentals. Please I am new to FX, But no one has admitted this statement, can you explain, I am uber curious!!
The purpose of trading Forex is to upgrade yourself from fundamentals. If you start in equities, which you should, then every time a CEO stubs his toe there is a knee jerk fundamental market reaction. Forex rarely has such events. The vast majority of economic news is scheduled. While banks trade Forex fundamentals, like in the movies, it is unreasonable for a retail trader to do it. First, you have no data. Second, it is common to spike price both directions to activate pending orders and drive them to their stops. So, it is really a gamble, and that is against trader philosophy, lol. A trader wants an edge, not a raw gamble.

Indicator trading is a math skill, which is another reason few people do it. If you have had Calculus or any higher math, first you notice there are not many students, then you notice how they seem to drop the class in a week or two. Most people do not have business analysis training, nor are good at Trigonometry, Geometry, or Statistics. That is why the vast majority draw art projects, connecting dead trades together, and make assumptions that the current, or next trade, will mirror the past trade. Meanwhile, the brokers all say that past performance is not indicative of future performance. Why? A new trade has new traders, with different names, different lot sizes, and different reasons for their entries and exits. So, the last trade that is all marked up with various lines means absolutely nothing. Since it is estimated that 95% of traders lose, and 95% of traders trade historical lines, well, seems to me it is a wrong strategy.

I also believe trading fundamentals for Forex is a wrong strategy. Not only from the lack of data and the violent movement during the news announcement, but Forex is an upgrade from other markets because of its profitable ranges. Why bother trading expensive fundamental guesses when you can trade a mathematical signal about every 30 - 180 minutes? It makes no sense. However, if you want to trade math, you have to first be using it. Good Luck.
You cannot be extraordinary by being normal
  • #7
  • Dec 23, 2018 8:30pm Dec 23, 2018 8:30pm
Quoting BasicConcept
{quote} You might not find many here on FF that are profitable but I can tell you that I do chart analysis and focus on technicals (reading the chart) but not fundamental.
Indicator based trading is an illusion; Price Action or chart analysis is a much better option.
  • #8
  • Dec 23, 2018 11:22pm Dec 23, 2018 11:22pm
Quoting DarrenLehma
{quote} Indicator based trading is an illusion; Price Action or chart analysis is a much better option.
It is not an illusion if you are able to take advantage of mathematical statistic based on indicators. And maybe you understood me wrong but I never said I use indicators in my own trading. I use technicals as in non-fundamental chart analysis, naked chart.
  • #9
  • Dec 24, 2018 6:21am Dec 24, 2018 6:21am
Quoting DarrenLehma
{quote} Indicator based trading is an illusion; Price Action or chart analysis is a much better option.
If a basketball player averages 12 points a game, and has 12 points in the first quarter, then would you bet he doesn't score anymore points the rest of the game, or that he will score more than his average (a breakout)? Are those statistics an illusion for your decision-making? Just because you do not use statistical data to trade markets does not mean it doesn't exist and work, lol. Every major business in the world uses statistical data to make decisions, lol. Every coach uses statistical data to develop a game plan. People use indicators everywhere. Miles per gallon, feet per second, pounds per inch, COGS vs price of product, KW per hour, affordable salaries, travel time, etc, etc, etc. People also use indicators to measure buyers vs sellers and trade markets. Best of Luck!
You cannot be extraordinary by being normal
  • #10
  • Dec 25, 2018 1:50am Dec 25, 2018 1:50am
Quoting DarrenLehma
{quote} Indicator based trading is an illusion; Price Action or chart analysis is a much better option.

Price action is better than others trading approach, but to be a skilled trader by price action is a big deal and long time process. That’s why very few traders in there who skilled in price action.
  • #11
  • Dec 25, 2018 2:43am Dec 25, 2018 2:43am
Quoting BasicConcept
{quote} It is not an illusion if you are able to take advantage of mathematical statistic based on indicators. And maybe you understood me wrong but I never said I use indicators in my own trading. I use technicals as in non-fundamental chart analysis, naked chart.
I respect your words mate; yes, probably you are right! But I really want, new traders focus on chart analysis & fundamental more instead of the trading tools.
  • #12
  • Dec 25, 2018 3:06am Dec 25, 2018 3:06am
Quoting DarrenLehma
{quote} I respect your words mate; yes, probably you are right! But I really want, new traders focus on chart analysis & fundamental more instead of the trading tools.
I understand your concern but focusing on chart analysis can be helpful for some with indicators. And I know that this is a big debate regarding fundamentals, but you lack data as a retail trader to be able to trade fundamentals. That is all I wanted to say and it is really up to the people what they want to trade.
  • #13
  • Dec 25, 2018 6:02am Dec 25, 2018 6:02am
Quoting BasicConcept
{quote} I understand your concern but focusing on chart analysis can be helpful for some with indicators. And I know that this is a big debate regarding fundamentals, but you lack data as a retail trader to be able to trade fundamentals. That is all I wanted to say and it is really up to the people what they want to trade.
Of course, it can be! But you may notice, a number of new traders focus on trading indicators mainly! They try to make quick money here basically.
  • #14
  • Dec 25, 2018 8:12am Dec 25, 2018 8:12am
Hi @tejd just attach MA, Stoch, and RSI with basic setting to your chart and starting profit.
  • #15
  • Apr 6, 2019 3:06am Apr 6, 2019 3:06am
Quoting DarrenLehma
{quote} Of course, it can be! But you may notice, a number of new traders focus on trading indicators mainly! They try to make quick money here basically.

any kind of indicators actually work for short time ,
i have never found a indicator which worked for all time,
in fact its all about temporary session, nothing without it.
  • #16
  • Last Post: Apr 6, 2019 3:37am Apr 6, 2019 3:37am
Most professional traders use fundamentals and it is wrong and naive to assume us retail traders don't have access to the data. You can spent $99 per month and get access to Eikon fx news terminal. You can also get access to free services like forexlive or pay anything between $50 to a few hundred a month for various news sources, the same news the traders and banks have. Trading news flow is very profitable but most retail traders think its a matter of trading data at face value and this mentality will get you slaughtered. I have found people have absolutely the wrong idea of how fundamentals are traded. They believe shit like its only long term, known by institutions before release, manipulated by institutions to hunt stops. All of this is bullshit but constantly perpetuated by naive and badly informed people who don't know how to do it and make shit up.
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