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Can anyone recommend a good daily indicator

  • #21
  • Jan 24, 2013 8:43am Jan 24, 2013 8:43am
Quoting johns75
Hi,

Can anyone recommend a good daily indicator to add to my MT4 daily chart. I like to set a trade a 00.00 GMT and have a few indicators on my chart already. I just want to add one more to my chart for good luck lol!

Appreciate the help.
People say in order to improve the chances of trade well, to buy for good luck on their side.
But do you think that karma is really to do with indicators?
I know that, different people, different minds.
I think is not a crystal ball better ?
  • #22
  • Jan 25, 2013 3:18am Jan 25, 2013 3:18am
not really an indicator in the classical sense, but you could add heiken-ashi charts. makess your chart look sexy
Twitter: @forexpokerpro
  • #23
  • Jan 25, 2013 5:34am Jan 25, 2013 5:34am
moving average 89 works well in daily chart
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  • #24
  • Jan 25, 2013 9:00pm Jan 25, 2013 9:00pm
Quoting jone
moving average 89 works well in daily chart
88 is better or 34 or 50 or 25 lwma. HA HA ...maybe, Just start with macd ...You know, up and down !
  • #25
  • Jan 31, 2013 4:45am Jan 31, 2013 4:45am
Why do you want to have more indicators? More indicators do not equate to more success in trading. If that is the case, you might as well plant all the indicators available on to your chart.

Just use indicators that you understand and fits your trading plan.

Keeping it simple is the best. Do not clutter your charts. You will do good by looking at the price action of the chart. It will tell you what the market has been doing so you may assess what it might do next.

Personally, I use SMA20 and 50 to indicate a trend is in place but I pay more attention to support and resistance for my trade entry and exits.



Quoting johns75
Hi,

Can anyone recommend a good daily indicator to add to my MT4 daily chart. I like to set a trade a 00.00 GMT and have a few indicators on my chart already. I just want to add one more to my chart for good luck lol!

Appreciate the help.
"Let's trade Forex baby!" - Mario Sant Singh
  • #26
  • Jan 31, 2013 9:35pm Jan 31, 2013 9:35pm
Support and resistance with a trend line have been the best indicators for me. Always keep and eye on the price. Find out what works for you that is most important.
  • #27
  • Jan 31, 2013 10:47pm Jan 31, 2013 10:47pm
Quoting Kami44
Support and resistance with a trend line have been the best indicators for me. Always keep and eye on the price. Find out what works for you that is most important.
Highly agree with you. I also use fibonacci levels apart from S & R levels. Always give correct views about the market
  • #28
  • Last Post: Nov 3, 2013 5:55am Nov 3, 2013 5:55am
Quoting johns75
Hi, Can anyone recommend a good daily indicator to add to my MT4 daily chart. I like to set a trade a 00.00 GMT and have a few indicators on my chart already. I just want to add one more to my chart for good luck lol! Appreciate the help.
Bollinger bands is the good indicator and it is very helpful in trading. There also lots of indicators available so its important to practice first in demo account and after getting the positive results then use the indicator in real account.
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