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Good afternoon! I day trade futures, specifically the Mini Russell (TF), Mini S&P (ES), and the Mini Dow (YM). I was trained to get in on the turning point of the market i.e. change in direction. Lately I notice the timing of my indicators seems to be off. Is there an "optimal setting" for indicators? I love the system I use, and am simply trying to optimize it.
Thanks in advance! :-)
Harry
Can you help answer these questions from other members on NexusFi?
That is one major problem with indicators. Sometimes they are dead on, but not often than not they are a little "off." Optimizing and changing parameter values might temporarily fix the issue, but soon enough the new values will also be "off."
It is a never ending chase to find the right values. Kind of like a dog chasing its tail.
I used to have the same issue with indicators. Now I know the less indicators on the chart the better. Sometimes they give me great signals and sometimes it was totally off. I have a system with EMA and MACD indicators (YM scalping thread), but I'm trying to focus on a pure price action scalping with no indicators. Indicator is an evil thing
