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trading systems and signals advice

  #1 (permalink)
 saj1011 
London, United Kingdom
 
Experience: Intermediate
Platform: MetaTrader
Trading: EUR/USD
Posts: 20 since Feb 2014
Thanks Given: 2
Thanks Received: 4

hi,

Got some questions, please answer:

1/. What do you think are best indicators for short term trading, as in t1, m1, m5, m15, m30?

2/. now are a plethora of systems out there, ninjatrader, multicharts, trade station, metatrader etc, which would you recommend and most reliable pairing with which broker? for both auto and manual

3/ any good signal providers you can recommend for live tradng?

I used metatrader a few years ago and it was so bad i gave up, now wanting to get back into forex trading as i think it is a good time, but this time with a reliable system and broker....

I see metatrader looks better these days, but what are thoughts on latest version ?

thanks

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  #3 (permalink)
ctnz
Invercargill, New Zealand
 
Posts: 48 since Jan 2012
Thanks Given: 4
Thanks Received: 168


1/. What do you think are best indicators for short term trading, as in t1, m1, m5, m15, m30?

The one between your ears. Indicators tell you what just happened but are no more useful than a roll of a pair dice.

2/. now are a plethora of systems out there, ninjatrader, multicharts, trade station, metatrader etc, which would you recommend and most reliable pairing with which broker? for both auto and manual

Ninja Trader is what I use. Stable platform and actually cheap to run long term. Ninja Trader brokerage is pretty competitive commission and margin wise and you get good support from them. I use Rosenthal, Collins as my broker. Commissions are competitive but margins are higher. They have the greatest market selection I could find anywhere. Could be too rich for your blood.

3/ any good signal providers you can recommend for live tradng?

It looks to me that you are looking for the easy way or a short cut with a signal provider. There are a few good ones and heaps of bad ones and you get what you pay for but you won't learn to be a trader that way. Take a look at https://www.collective2.com/ . Any system ever invented has a draw down, you just need to be able to ride thru that period.

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  #4 (permalink)
dryg
France
 
Posts: 38 since May 2012
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Thanks Received: 19


saj1011 View Post
2/. now are a plethora of systems out there, ninjatrader, multicharts, trade station, metatrader etc, which would you recommend and most reliable pairing with which broker?

Technically speaking those are platforms to develop systems. There are also systems that automatically create systems and write code for these platforms, e.g. Price Action Lab. I am investigating this latter approach as more time efficient and probably more productive than developing my own systems.

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Last Updated on June 10, 2016


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