Forex profitable indicator

forex profitable indicator

line below moving average line Sell area. As with any indicator, it's better to find out first-hand what works for you rather than taking someone else's word for. In the pictures there three examples. Cover and go short when daily closing price crosses below ParSAR. Many traders are using a combination of tools, rather than one single profitable Forex indicator. Test 1- 2 months on demo accounts to understand how this strategy should be managed. Aside from the actual profit and loss of each strategy, we included total pips gained/lost and the max drawdown. Also, the blunt measure of profit ignores other key characteristics that may affect an indicator 's viability. For example, an indicator does not: tell you what size work at home az jobs data entry legitimate to trade tell you what size loss is acceptable before cutting a trade manage how many trades you can have open at once.

But some traders don't like to optimise against historical prices because they fear the risk of distorted results. Expiry time 3-4 candles. It is difficult to find a one-size-fits-all solution when different people may want to trade over different time frames. The two primary forces moving the market. This is because the results are specifically tweaked to fit the test data. Now on to the good stuff: Just how profitable is each technical indicator on its own? Judging the profitability of an indicator in isolation is complicated by this fact. It suggests an overall market sentiment and effectively compares the current and past prices.