Idea about indicator banks?

<p id="isPasted">No indicator is perfect. A combination of a few may give you good results. But, you need to have a stop for failures.</p><p>I use a 5-minute Vortex indicator, Stochastics, and RSI.</p>

<p id="isPasted">Successful trading requires identifying patterns that precede profitable trades.</p><p>Begin by testing your special indicator to see if it does consistently identify trades you would want to take. Gather whatever historical data you need and calculate your indicator. Compute the profit or loss each trade would have made. You can do this with a spreadsheet or program you write yourself, or with a special purpose trading system evaluation program such as AmiBroker or TradeStation.</p><p>Assume the results are satisfactory — enough profit to compensate for the risk, and you are not fooling yourself. Write out a schedule to help you plan — you will need to gather the data and make the calculations with enough time to make your decision and place your order with your broker.</p>

<p>Practice for long enough to generate ‘shadow’ trades that you observe but do not take with real money. This will tell you whether your indicator is good enough, and give you the confidence to begin trading. Do not start trading until you have confidence in your indicator and your process. Start with small trades.</p>

<p>To trade successfully, you need to know all the basic things about the forex market. You should be knowing how to use the different indicators while trading. Then only you can think of becoming successful with a special indicator. Just know everything about that indicator and do all the calculations and analysis respectively. This way you will get some idea of how your trades might be working in the trading market. You can take help of brokers like XTB, Pepperstone or Turnkeyforex to analyse the market through MT4 and MT5 trading platforms.</p>

<p id="isPasted">Let’s look at the most frequently used Indicators and see how it perform during different periods.</p><p>Super Trend:</p><p>Its clear and neat, just go long when it says buy and exit when it says sell. Enter at 8000 and exit at 10500, easy profits, right with super trend right?</p><h1 style="margin-right:0cm;margin-left:54.0pt;font-size:32px;font-family:&quot;Times New Roman&quot;,serif;background:white;" class="forexqa-img-container"><img width="602" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1662101841886.png" class="fr-fic fr-dii fr-draggable forexqa-img" style="width: 730px;"></h1><p>Moving average:</p><p>Another simple method, just buy above the moving average and exit when the stock goes below the moving average line. This is what I thought as a beginner when I learnt about the indicators.</p><h1 style="margin-right:0cm;margin-left:54.0pt;font-size:32px;font-family:&quot;Times New Roman&quot;,serif;background:white;" class="forexqa-img-container"><img width="602" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1662101841910.png" class="fr-fic fr-dii fr-draggable forexqa-img" style="width: 730px;"></h1><p>But no one told me about whipsaws. No matter what type of indicators we use, there will always be period where we end up in streaks of loss.</p><p>Super trend:</p><p>Now check this, so many whipsaws, multiple false breakouts happens, you face continuous streaks of losses during such periods.</p><h1 style="margin-right:0cm;margin-left:54.0pt;font-size:32px;font-family:&quot;Times New Roman&quot;,serif;background:white;" class="forexqa-img-container"><img width="602" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1662101841936.png" class="fr-fic fr-dii fr-draggable forexqa-img" style="width: 730px;"></h1><p>Moving average:</p><p>Same whipsaws happens with people who use moving average as well. When market gets into zig zag mode without any trends, we end up in loss with moving average indicator as well.</p><h1 style="margin-right:0cm;margin-left:54.0pt;font-size:32px;font-family:&quot;Times New Roman&quot;,serif;background:white;" class="forexqa-img-container"><img width="602" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1662101841961.png" class="fr-fic fr-dii fr-draggable forexqa-img" style="width: 730px;"></h1><p>This when you stop using the indicators any more and start looking for some other indicators that can provide you consistent profits, which never going to happen. Because it doesn’t exist, markets only trends 30% of the time and remaining 70% of the time, it will stuck in range bound. We need to accept that and stop looking for that one best indicator that can keep printing money.</p>