It is possible to get several indicators for trading , but good traders must know that only the results are important in trading . It is possible to use indicators that do not work every day , but with one good indicator , it is allowed to get good results on the long term . For example , many traders use about 5 indicators , but some could use one and get big results and lots of profits with those systems , that is why traders should be focused on the additionnal profits on the forex markets .
Most indicators based system or mechanical trading styles use multiple indicators usually starting with 2 and can be more depending on the system. It is a combination of lagging and leading indicators along with various other data indicators to create a signal that can be as perfect as possible. This does work for some and might not work for others.
Of course you can use two indicators. I personally believe using indicators is similar to playing games, it might be awkward at first, but you will soon get used to it, and with more practice become a professional at using them.
can we use two indicators...? is anyone know if you use two indicator at the same time then what will be the next to happened....!
There are no limitations to the amount of indicators you can use. If you want, you can avoid them, but if you want, you can use however much you want. My only advice is to learn about one indicator first before you try next or start combining indicators.
I myself use two indicators, namely moving average and macd. I use moving average for a general direction of the trend and macd to find divergences or overbought and oversold areas which goes well with the moving average.
I use price action but when I started trading, I used indicators based trading systems. I tried dozens of trading systems that were available in the internet. Most didn't work for me, but some did work and I made progress in my trading from them.
we can use more than one indicator, we can even combine many indicators if the indicator can help us in analyzing forex market movements. I use 6 indicators to observe forex market movements. with the help of these 6 indicators, I was really looking for it to be able to start entering the forex market. I strengthen the level of carefulness to be able to get the most appropriate and accurate signal.
you can use as much indicators if you want but remember that mt4 indicators not tell about exact future of any market these indicators are based on statistical programming indicators use historical data of market and just they assume the future trend and direction of market which may prove accurate and not depends upon on market scenario using many indicators may make you confused understanding market actual picture because all indicators will show you different picture of market
Ha kyu nahi maine to 2 moving average ke conbination indicator results dekha hai bahut acha result hai uska sath hi sath agar ham agar ham moving average ke sath dusare kisi indicator ko use kare to ye bhi behtar hai like MACD RSI etc
I think that using more than one indicator also needs a strategy. The indicators used must of course support each other and have their respective functions. And to open a position, it should be awaited until the signals of the two indicators appear and confirm each other. And keep in mind that every trader is always looking for a good combination of indicators 2 or more to get a tool that matches his trading style and of course all of them to get maximum profit.
Examples of Combinations of 2 Indicators are:
Moving average which is basically a trend indicator, then combined with stochastic which is an oscillator to determine momentum or timing when to buy or sell.
So, the benefits that we can take from these two combinations are to know the trend and buy/sell at the right time to that trend.
Forex Forum mt5.com – Introduction.
Forex market is high-yield and risky
mean of taking profit by operations with the currency rates. Instruments
of work at Forex market in many ways determine the result of currency
trading made by Forex market participants – brokersí clients. Every
Forex broker offers its own terminal, however the most part of brokers
and traders concur in choosing MetaTrader 4 and MetaTrader 5 terminals.
This forum is created for those who prefer the terminal of MetaTrader
series in trading on Forex.
Forex Forum mt5.com – trade discussion.
Forex market forecasts, independent
opinions of novice traders and experts of the currency market – all
this you will find at the Forex-forum of trades discussion. Solid experience
of work on Forex is preferable, but all comers including Forex-newbies
may come and share their opinion as well. Mutual help and dialog –
the main goal of communication at Forex-forum, devoted to trading.
Forex Forum mt5.com – dialog with
brokers and traders (about brokers).
If you have negative or positive experience
of work with Forex broker – share it at Forex Forum, related to the
questions of Forex service quality. You can leave a comment about your
broker telling about advantages or drawbacks of work at Forex with it.
The aggregate tradersí reviews of brokers constitute a rating. In
this rating you can see the leaders and outsiders of the Forex services
Free discussions at the Forex Forum
You are a trader and want to relax?
Then Forex Forum for free discussions is for you. There are no doubts
that conversation on subjects close to Forex market is preferential.
Here you will find jokes about traders, caricature of Forex brokers
and full-rate Forex off top.
Bonuses for communication at Forex
This forum is created by traders for
traders and is meant for deriving of profit. However, each post at the
Forex forum gives its author a forex bonus, which can be used in Forex trading
at the account opened with one of the forumís sponsors. This small
gift is presented with the aim to reward professional traders for spent
time at our forum.
We appreciate your choice of Forex
forum mt5.com as a platform for communication.