So here is a chart with free indicators, all NRP (non-repainting). It's not overcrowded ... I don't think you have to wait for the stoch to get oversold. This one you can trade with the colors together with the Nonlag Ma NRP. There is also a MACD for the 'trend'. On the chart a 'squeeze' indicator, you do not trade when that appears ...but right away when it's away. On the chart there is a very good, non-lagging nonlag Ma NRP with a PCT filter. Also better not trade when this baby is flat (the filter does that). There is also a 'MA Rounding' indicator,...
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What are your recomendations about TF and expiration?
Hmm, that depends.
In fact, you can use these indicators in every timeframe. You only have to tweak them a little in accordance to the timeframe.
For example, on the M1 you want more smoothing, on H1 less for BO.
Just play with the settings, put the same indicators four times in the same chart in different subwindows and compare what is the best setting for the timeframe you are in.
I personally trade the M1, with the help of the M5 and the H1.
When I will have more experience, I will trade the M5 and later on also the M15.
Mostly it's the way around, but I always try the difficult things first...
Some trade the M5, others M15, other H1, it all depends what you like most.
I also have 4 time frame indicators on the M1 : M1, M5, M15 and M30, so one can see what the higher timeframe does.
When a 4 time frame indicator is all green or red, it's a very strong signal.
Expiration ? I would trade the M1 for 3 minutes, the M5 for 15 minutes, the M15 for 45 minutes.
I all depends, when you trade against the trend (I sometimes do) of course less expiry, with the trend is safer, so longer expiry.
{quote} good morning. thought you only did 5min eur/usd and 1 min usd/chf ?
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Yes I am, however IG`s opening times on these pairs seem to vary, so I have also opted for AUD/USD as they open all night. When the other 2 open I will stop with this pair.
Hmm, that depends. In fact, you can use these indicators in every timeframe. You only have to tweak them a little in accordance to the timeframe. For example, on the M1 you want more smoothing, on H1 less for BO. Just play with the settings, put the same indicators four times in the same chart in different subwindows and compare what is the best setting for the timeframe you are in. I personally trade the M1, with the help of the M5 and the H1. When I will have more experience, I will trade the M5 and later on also the M15. Mostly it's the way around,...
