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Thread: TRADING WITH TRICKY INDICATORS

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    Default This post is sponsored by a content payout program available to anyone to participate. TRADING WITH TRICKY INDICATORS

    a trading chart is a predefined number of trades between buyers and sellers now which means that could be a single contract traded 234 times between two different traders, or it could be thousands of traders. It all is in the definition of tick charts
    and the fact that the single tick in the tick chart is considered the same if it is one contract traded or if it is 20 contracts or 200 deals as long as that is done within a single transaction is widespread confusion with tech charts and the fact
    that is is the actual number of contracts traded whereas it is the number of transactions done between traders of varying contract size.


    Now according to the terms of trade, which is the country's export price index divided by the country's import price index multiplied by 100,

    the terms of trading are of several kinds such as the;


    -short term trading

    The short term trading is the trading strategies in the stock exchange in which the time duration between entry and exit is within a range of few days or might be a few weeks. The short term trading comprises of three essential trading indicators used with tick charts.


    -volume indicators

    very few traders or investors know how to use volume to increase their profits and minimize risk, and this is very strange because the volume is a potent tool, but it is often overlooked. Also, volume information can be found on any trading platform, but strangely few traders or investors know how to use this information to maximize profits. Volume is not a precise entry and exit tool. However, with the help of some volume indicators, you can generate decent entry and exit signals by combining them with price action or other tools.

    Volume indicators are the mathematical formulas that are visually represented in almost all trading platforms. Each indicator uses a slightly different formula, and therefore, you should find the indicator that works best for the particular market
    approach. volume indicators are not 100% required, but they can help you a lot in your trading decision process. There are many important volume indicators and let us briefly discuss the most important ones.The most basic of the volume indicators are the average one, and the calculation most commonly used for the stock markets is 50 days.

    However, it may be reasonable to use the same period as the price average used. the volume momentum indicator treats volume as it would be price. For momentum, this means finding the change in volume over a specific time interval; volume momentum measures the volume change's size relative to the starting value. The indicator sorts the volume based on negative or positive closes. This indicator works in all time ranges but is quite strong in the smaller ones to notice buying or selling power.

    The force index is another great volume indicator representing the change in price multiplied by the daily volume. The force index is an oscillator that measures the force, or power, of bulls behind particular market rallies and bears behind every decline. The force index indicator would be positive or negative if the price change were greater or lower. The force index's three key components are the direction of price change, the extent of the price change, and the trading volume. A higher market will result in a positive force index, plotted above the centerline; A lower market points to a negative force index, below the centerline. An entire market will return a force index directly on the zero lines. When the force index is used in conjunction with a moving average, the resulting figure can accurately measure significant changes in bulls and bears' power. For timing entries and exits, a 2-day exponential moving average(EMA)


    is recommended to avoid unnecessary noise in the indicator. For longer-term analysis, a 13-day exponential moving average could be used.


    - Relative strength index

    It has been around since the late 70s, so it is probably one of the most established oscillators. It is effortless, but there are a couple of ways we can use this to generate potential trading signals, so first of all, before we check out how it works in the real world, let us go through the formula how this thing is calculated. For those who are fans of the math, here is the calculation for the RSI. The RSI is 100-(100/1-RS), in which RS is the average number of days up divided by the average number of days down.

    Most of the time, there is a misconception. Every single time; it is an overbought or oversold indicator, you buy when the RSI is oversold and sell it when it is overbought, but this does not work not by itself; you will not make money using the RSI in this way

    There is a lot more about the RSI besides the overbought and oversold levels. RSI is adjusted by the amount by which the market increased or fell. The RSI values range from zero to a hundred. A high RSI occurs when the market has been increasing rapidly a low RSI occurs when the market has been selling off sharply.


    The relative strength index is very volatile on lower time frames, frequently reaching extreme highs and lows, and generating contradicting signals. In flat markets, the RSI will generate signals while prices trade in a range, with no clear direction. So, used in the wrong way, RSI is useless for many traders. Let me mention the techniques involving the RSI and how to use it to maximize your trading results correctly. First, you could use RSI as an over-budget or oversold indicator. The RSI is indeed useful for gaining an overview of the overbought or oversold conditions of the market. Still, it should not be used as a trading signal without confirmation.


    - Momentum indicator

    Let us consider the market suddenly makes a large movement in one direction. Perhaps this movement is in response to new information coming into the market, or it can simply result from a random price spike.


    No matter the reason behind the price fluctuation, this type of sharp movement is called momentum move, this means that the market accelerated. As the price movement starts to slow down, the momentum will also slow down. Now would not be ideal if you entered when the market momentum was increasing? Of course, when you have momentum on your side, trading becomes easy. When you enter during a lack of momentum, your trade will stagnate, or even worse, and you
    will get chopped out by lateral price movement. Which is why it is important to learn momentum indicator and how to take signals or indicators to synchronize with the market when it is ready to make a significant move.

    The momentum indicator is an oscillator which identifies the strength or speed of a price movement. The momentum indicator compares the most recent price to a previously determined price and measures the price change's velocity. It is the difference between the most recent price and the closing price of a previously determined period. The faster the price increases, the bigger the increase in momentum indicator, the faster the price decreases, the bigger the decrease in momentum indicator.



    -Conclusion.

    Knowing which indicator to use and what is the best combination of technical indicators can dramatically improve your chart reading skills. If you use the wrong technical hands, this can lead to inaccurate price interpretation and lousy trading decisions. Technical indicators can make it easy for you to identify current price trends and predict where prices will move in the future. By developing effective technical analysis strategies, you can increase the amount you earn each trading day.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Indicator analysis
    Indicator are the base of the analysis for you telling also there is lot of the advantages of the indicators for the next in analysis of the market but it is also important that technical analysis is most important but in which time when there is no fundamental data because when and fundamental data release then the trend of the market don't depend on the technical indicators in analysis just it follow the fundamental data weakness and strongness of the currency pair and more for the floating site are for the falling position. But in the regular time when no data fundamental released the scalping on the basis of the indicators is a best option no I want to tell the most best indicator for the analysis.
    Volume indicator analysis
    to see the trend of the market and the volume strength and when we analyse the market for the next indication this position of the analysis is called the volume indicator in analysis indicator uses a slightly different formula and traders should find the indicator that works best for their particular market approach .
    Base of the volume indicator analysis
    On Balance Volume
    Accumulation Distribution
    Ease of Movement
    Money Flow Index
    Rate of Change Volume Oscillator.
    Conclusion of the explanation
    Volume indicators are those that account for the volume. For the Forex market volume means number of ticks price changes that appeared in the time interval.If this option is enabled, the indicator has the same scale as the one applied prior to this one.indicators are the most important part for the analysis so I think that in the regular time we need to follow the indicators for women and fundamental data release then the market depend on the fundamental data.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Many of today's traders use multiple monitors in order to display several charts and order entry windows. Even if six monitors are used, it should not be considered a green light to devote every square inch of screen space to technical indicators. Information overload occurs when a trader attempts to interpret so much data that all of it essentially becomes lost. Some people refer to this as analysis paralysis; if too much information is presented, the trader will likely be left unable to respond. One method of avoiding information overload is to eliminate any extraneous indicators from a workspace; if you're not using it, lose it this will help cut down on clutter. Traders can also review charts to confirm that they are not being encumbered by multicollinearity; if multiple indicators of the same type are present on the same chart, one or more indicator can be removed.
    Tips for Organizing: Creating a well-organized workspace that uses only relevant analysis tools is a process. The quiver of technical indicators that a trader uses may change from time to time, depending on market conditions, strategies being employed and trading style

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    TRADING WITH TRICKY INDICATORS


    The misconception about technical indicators.
    Technical ndicators are designed to facilitate and compliment knowledge in forex trading, they are never designed to substitute knowledge, but what has become of new generation of forex traders has become worrisome, as they go "crazy" for indicators as a substitute for proper knowledge about how the market works, hence the quantum failure that have engulfed 90% of forex traders. Most traders are endlessly searching for a push button to buy and sell when trading, in reality there is no such thing in forex market. If traders can come to this reality that forex trading is a big time business not a get rich quick system, it will empower most traders to commit to learning how this business works.

    Limitation of technical indicators.

    Technical indicators are good but they have a lot of limitations that makes them not dependable. Firstly, indicators lags. What this means is that they are slow in providing trading signals. The market must have moved significantly before a lagging technical indicator will produce signal, this makes some indicators unusable and unprofitable.

    Secondly, technical indicators repaint. Though, not all repaints, but majority of them does. Repainting indicators produces a lot of false signals because they changes position after price has contradict their signals. This is unlike the lagging indicators. Lagging indicators signals are accurate but they arrived late, but repainting indicators only look good when looking at historic data. Technical indicators will only produce good results when the user is very vast in knowledge about the forex market.

    The use of indicators does not eradicate the hard and smart work that is associated with Forex market. Market analysis, price actions such as support and resistance, trend lines, chart pattern, candlestick patterns, demand and supply etcetera must be ingrained inside a trader before thinking of making money through forex trading.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Trading with Tricky Indicator in the forex market.
    Indicators have always provided an opportunity for Traders to make money on the forex market. There are so many indicators that can easily make you to have losses and it is your responsibility to ensure that you have properly checked out such indicators with the demo account before you deploy money in the Live account. Some indicators are very tricky, and the reason is because we don't have sufficient knowledge about their operation. But sometimes this can actually be an advantage because we know exactly what to expect from them. When someone is trading with an indicator there is tendency for the person to believe that he already knows everything. All the movements that happen must be recorded mentally or in a journal so that we can know exactly how to approach the market.

    It is important that we learn about our selected indicator appropriately, the demo account provides a very good platform for this to happen which means that consistent practice is a necessity. When a trader does not pay adequate attention to practice, it will not be possible for him to have the best understanding of how that indicator works. A tricky indicator can easily give us losses especially when you are highly impatient. You have to ensure that practice has not been taken for granted. This is why we need to make sure that we invest the right amount of hard work. There is nobody who can succeed without investments of Time into the market. If you don't want to lose your account as a trader then ensure that you plan before you engage in the market.


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    Tricky Indicators
    From my experience with indicators I believe that they are designed to be tricky. Because one moment you have a very good setup and the next moment you see that price has actually done something completely different. Trading with indicators can actually result in losses for you. There is a very good reason why professional Traders have chosen to completely eliminate indicators from their trading. It is because of the different issues that they have experienced,if you are using an indicator like the moving average for example. This can make you to enter the market at the wrong time especially when price is ranging.

    How Indicator Settings Can Make A Difference
    But the settings that you use for a particular indicator can actually change the results you are going to obtain eventually. Going back to the moving average that I mentioned earlier,I know that there are people who uses this indicator as a way of understanding dynamic support and resistance in the forex market. The 200-day moving average can actually be used to identify when prices in an uptrend or in a downtrend. Whenever you see that price is trading above the 200 exponential moving average, that automatically tells you that you should be looking for an opportunity to go long. But on the other hand when price has started trading below the 200 exponential moving average, this should give you a signal to start selling. Depending on your knowledge of the market,using the moving average indicator can actually provide you with a very good opportunity to earn a lot of profit. Your experience as a trader also matters in Trading a particular indicator.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    TRADING THE FOREX MARKET WITH TRICKY INDICATORS

    The most basic use of trading indicators in the forex market is to guide the entire technical analysis process and help traders identify good market entries. Ordinarily, trading indicators are not supposed to be used in isolation but are to be combined with other trading operations in the forex market to arrive at the best trading results.


    The use of trading indicators alone with no other form of market analysis to secure market entries will lead to looses more times than winning and so these indicators are being referred to a tricky indicators. They are considered to be tricky because traders have come to see them give a different signal one time and the next minute changing into another one. The truth with the use of these indicators is that they are not tricky as they are thought to be, they are only just doing their jobs the way that they have been programmed.


    Technical indicators in the forex market have been designed to either lag or lead. A lagging indicator would provide a chart formation or price movement even after they might have occured in the market while a leading indicator would make a market movement much more before that movement occurs. One thing with these indicators is that they work either too slow or are never right. There is no point getting into the market in the middle of a trend when the stop loss level will be very much far from the entry level or getting in early on a trend only to discover that the actual price movement did not respect that and the market chart moves another way. The best way to avoid such occurence is either by not using indicators at all or not using them in isolation.


    Indicators have been programmed to work in some definite way in the market and this is what generates the signals that they provide in the market. It then becomes the work of traders to filter out these indicators and trade with confluence to achieve best results.


    While indicators can be misleading or considered to be tricky, they can also provide traders with good market entry opportunities when made to fit in with a trader's trading operation. Traders can tweak the use of their preferable indicators to be in line with what they want and combine their use with other activities to confirm their market analysis and trade entries. Irrespective of how indicators have been identified to react, some traders still make good money off their use.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    What Is a Trading Strategy
    Most frequently, a trading strategy is a set of entry and exit rules, which a trader can use to open and close positions in the foreign exchange market. This rules can be very simple or very complex. Simple strategies usually require only few confirmations, while advanced strategies may require multiple confirmations and signals from different sources.

    Additionally, a trading strategy may contain some money management rules or guidelines. Some strategies (e.g. Martingale) can be centered strictly around position sizing techniques.

    Apart from the entry/exit rules and optional money management guidelines, strategies are often characterized by the list of trading tools required to employ the given strategy. These tools are usually charts, technical or fundamental indicators, some market data or anything else that can be used in trading. When choosing a strategy, you need to understand, which of the required tools you have in possession It is important to choose a strategy or system that is easy to follow with your daily trading schedule and that can be applied successfully with your account balance size
    Mechanical vs. Discretionary
    Forex strategies that are traded based on strict mathematical rules with no ambiguous conditions and no important trading decisions to be made by the trader are called mechanical. A good example of a mechanical system is a moving average cross strategy, where MA periods are given and positions are entered and exited exactly at the point of cross. When working with mechanical trading strategy, it is easy to backtest one and determine its profitability. You can also automate such system via MetaTrader expert advisors or any other trading software. The usual drawback of such strategies is their lack of flexibility before the fundamental changes in the market behavior. Mechanical strategies are a good choice for traders knowledgeable in trading automation and backtesting.

    Strategies that retain some uncertainty and cannot be easily formalized into mathematical rules are called discretionary. Such strategies can be backtested only manually. They are also prone to emotional errors and various psychological biases. On the bright side, discretionary trading is very flexible and allows experienced traders to avoid losses in difficult market situation, while offering an opportunity to extend profit when traders deem it feasible. Newbie currency traders should probably stay away from discretionary trading, or at least try to minimize the extent of their discretion in trading
    Strategies
    In this Forex strategy repository, you will find various strategies that are divided into three major categories

    (1)Indicator Forex Strategies
    (2)Price Action Forex Strategies
    (3)Fundamental Forex Strategies

    Indicator
    Indicator Forex strategies are such trading strategies that are based on the standard Forex chart indicators and can be used by anyone who has an access to some charting software (e.g. MetaTrader platform). These FX strategies are recommended to traders that prefer technical analysis indicators over everything else
    Moving Average Cross Strategy
    Parabolic SAR Strategy
    Stochastic Oscillator Strategy
    MACD Divergence Forex Strategy
    Combined Stochastic Oscillator/MA Strategy

    Price Action
    Price action Forex strategies are the currency trading strategies that do not use any chart or fundamental indicators but instead are based purely on the price action. These strategies will fit both short-term and long-term traders, who do not like the delay of the standard indicators and prefer to listen as the market is speaking. Various candlestick patterns, waves, tick-based strategies, grid and pending position systems they all fall into this category
    Inside Bar Strategy
    Simple Price Based Trading System
    Martingale Trading System
    Scalping Forex Strategy
    Support and Resistance Strategy
    Pinbar Trading System


    Testing Your Forex Strategy

    It is very important to test your trading strategy before going live with it. There are two ways to test your potential trading strategy: backtesting and forward testing

    Backtesting

    Backtesting is a kind of a strategy test performed on the past data. It can be either automated or manual. For automated backtesting, a special software should be coded. Automated testing is more precise but requires a fully mechanical trading system to test. Manual testing is slow and can be rather inaccurate, but requires no extra programming and can be done without any special preparation process. Any backtesting results should be taken with a grain of salt as the tested strategy might have been created to fit particular backetsting historical data
    Forward Testing
    Forward testing is performed either on a demo account or on a very small (micro) live account. During such tests, you trade normally with your strategy as if you were trading your live account. As with backtesting, forward testing can also be automated. In this case, you would need to create a trading robot or expert advisor to execute your system. Of course, with discretionary strategy, you are limited solely to manual testing. Forward testing results are considered to be more useful and representative than those of the backtests
    Interpreting the Results
    However you decide to test your strategy, you need to understand the results you get. Intuitively, you would want to judge the results according to strategy's profitability, but you should not forget about other important parameters of successful trading strategies. They are: low drawdown sizes, short drawdown periods, high probability of winning, high average reward-to-risk ratios and big number of trades. Ideally, your system should earn equally well on bullish and bearish trades, the resulting balance curve should be consistent and uniform, without significant drops or long flat periods
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    Tricky Nature of Indicators
    Indicators are the bedrock of success in the forex market. The knowledge you have about a selected indicator is what will automatically propel you to become successful. Many times, traders do not have adequate knowledge about a given indicator before they actually apply it in the forex market. This is a very common challenge, indicators can be very deceptive and that is the truth of the matter, but as long as we have been able to study them in the demo account, the level of deception regarding such indicator will automatically drop. Depending on how well you understand an indicator, you can make a lot of profit with it or how unpleasant experiences with losses.

    Don't Use An Indicator Blindly
    It is not expected that anybody should delve into the forex market without a proper knowledge of indicators. As tricky as an indicator may be,you could actually make something significant with it especially when you are very focused and diligent. Using an indicator in the wrong manner can automatically give you much concerns. You must consistently practice because that is the only way you can make any progress with an indicator no matter how tricky the indicator seems to be.

    Practice Makes Perfect
    The saying that practice makes perfect becomes relevant for the forex Trader,there are some things that makes indicators to be profitable, one of them is for you to constantly follow the signal they give regardless of the results you are getting. This is the only way you can tell the actual performance of a particular indicator. Dumping an indicator because of its tricky nature does not make you a professional Trader.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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