Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hey,
Even if most traders on this forum are scalpers, they always say that they trade with a trend.
So the question is how do you define a trend? What indicator/s will set you in the right direction.
Most traders trade with indicators, even if they won't admit it. They put the indicators mostly to filter bad trades.
I come from an assumption that each indicator for itself has to improve the setup. I don't believe that two bad indicators will make an improvement. Its not -1 * -1 = 1.
So if someone adds a trend indicator, this indicator has to be really trend predictor. (I made a thread a long time ago stating that there are no lagging indicators. They are all leading. At least thats how we look at them).
So what is a good trend predictor? I made some strategies on supposedly trend indicators. I run them all on 6E, 5Min and same period. Attached are the results.
What do you think?
Baruch
p.s. If someone wants to test another indicators, just ask. (I don't guarantee to create the strategies, but I might).
Can you help answer these questions from other members on NexusFi?
I don't say its easy or do I want to create a strategy to trade. All I want to achieve is to find the best indicator/s for trend prediction. I don't believe HHHL is a close contester.
It doesn't matter if you look at price itself (current state) or at any "lagging" indicator. The whole essence of technical analysis is that some behavior repeat itself. Maybe not all the time, but it gives you an edge to enter a position. So by leading I mean that if in the past you proved statistically that after SMA5 crosses above SMA20, the price will MOST LIKELY continue to rise, than you treat those "lagging" indicators as leading!!!
That is the whole essence of technical analysis. Of course there are people who don't believe in it and say the markets are random, but I don't believe they are on this forum.
Baruch
p.s. If you have such a grate way to trade, please share.