What is needed for forex trading?
1.Signal
The signal is generated by the indicator, from this signal we can try to read the price direction
2.Skills
How we manage signals is a skill that needs to be practiced continuously,
many of us just move from one technique to another.
even though all techniques are sourced from the same source (standard indicator MT4/5)
so it's still not finished about signal, (still at no 1)
to get to number 2(skill) , inevitably you have to dare to decide which signal source to use, Bollinger, RSI, MACD, Ichimoku, Stochastic?
then your search will narrow to a technique that uses the signal you selected earlier
after that you will understand, settings and TF are just measuring tools in scala form
The next thing to learn is how to manage the signal
for example
what if it is over bought/sold
what if it's already a percentage of profit
how to manage the price that always goes back and forth
what if floating minus etc
the answer to that question is then poured in the form of an EA as a trading tool
after you create or have an EA ..... next is to hone skills on how to use tools (EA) to make it better
remember all systems are consistent what is inconsistent is the trader as a user of the system
Don't look at the weaknesses of a system,
don't look for system perfection, especially if you can't make it yourself
ask yourself, what can I do with a system you know and how to use it better
Trust me, nature and the universe will lead you to your answer
this is just my opinion
1.Signal
The signal is generated by the indicator, from this signal we can try to read the price direction
2.Skills
How we manage signals is a skill that needs to be practiced continuously,
many of us just move from one technique to another.
even though all techniques are sourced from the same source (standard indicator MT4/5)
so it's still not finished about signal, (still at no 1)
to get to number 2(skill) , inevitably you have to dare to decide which signal source to use, Bollinger, RSI, MACD, Ichimoku, Stochastic?
then your search will narrow to a technique that uses the signal you selected earlier
after that you will understand, settings and TF are just measuring tools in scala form
The next thing to learn is how to manage the signal
for example
what if it is over bought/sold
what if it's already a percentage of profit
how to manage the price that always goes back and forth
what if floating minus etc
the answer to that question is then poured in the form of an EA as a trading tool
after you create or have an EA ..... next is to hone skills on how to use tools (EA) to make it better
remember all systems are consistent what is inconsistent is the trader as a user of the system
Don't look at the weaknesses of a system,
don't look for system perfection, especially if you can't make it yourself
ask yourself, what can I do with a system you know and how to use it better
Trust me, nature and the universe will lead you to your answer
this is just my opinion