How often do you change your indicators?

wxa7115

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Quote from: AakZaki on February 20, 2022, 11:03:12 AM

Quote from: Mahanton on January 14, 2022, 04:05:07 PM

Plan A,B,C's and so on wouldnt really be a surprising thing to get fucked up because this market is unpredictable and we are just humans who do really make out some
common reaction which is to panic and on the times those plans had been failed then we do really boggle up our mind and then our emotion do sets in which would
result into confusion and lost track on what you had planned earlier.Therefore, you should changed up indicators whether if its needed or not.

If you have panicked and are confused about what to plan. the best way is to stop and close your trade. such a situation will not be good because the market is crashing. close the order and wait until the market conditions improve.
Predictions are just predictions and will not be 100% accurate, the market is very volatile, don't let you get caught in a trade that will harm you.

This is correct, if you find yourself panicking about the movements of the market then the best thing to do is to simply close your open positions, accept your losses and take some time to calm yourself, but how much time we have to stay out of the markets? As much as it is needed.

Trading while being in a state of panic is a huge and common mistake that we see all the time, and quite honestly I do not blame people from eventually falling into that state, the issue is what comes after, in which many traders after finding out they lost more money than what they wanted in their previous trade try to recover their losses immediately during the next trade and abandon their strategy while also using a very high amount of leverage, destroying their trading account in the process.

Webetcoins

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It should be the pro traders that changes their indicators very often because they are skilful enough and have more experienced to understand how other indicators work. Non pro trader's on the other hand are the one's that stick to their indicators.

They might stick to it longer even if they are already on a losing situation because they are hoping that the market will reverse sooner or they stick with it because they don't have a choice, they don't know how other indicators work. They are just going with the flow, lose if lose and win if win but I think it is always better to change indicators according to our strategy and by that we need to keep on exploring/learning.

Lanatsa

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Quote from: AakZaki on February 20, 2022, 11:03:12 AM

Quote from: Mahanton on January 14, 2022, 04:05:07 PM

Plan A,B,C's and so on wouldnt really be a surprising thing to get fucked up because this market is unpredictable and we are just humans who do really make out some
common reaction which is to panic and on the times those plans had been failed then we do really boggle up our mind and then our emotion do sets in which would
result into confusion and lost track on what you had planned earlier.Therefore, you should changed up indicators whether if its needed or not.

If you have panicked and are confused about what to plan. the best way is to stop and close your trade. such a situation will not be good because the market is crashing. close the order and wait until the market conditions improve.
Predictions are just predictions and will not be 100% accurate, the market is very volatile, don't let you get caught in a trade that will harm you.

Market is confusing and there are indicators which are really built or made up for a specific condition or situation which it is normal for a trader neither stick out into this plans or would really be changing

up his indicators which this thing is really very situational I would say and profitability will really be depending or varying on how you do handle out your trades and its neither
you do change it up or not then its up to your own choice because we do have our own self will on how things should be handled out.

AakZaki

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Quote from: Mahanton on January 14, 2022, 04:05:07 PM

Plan A,B,C's and so on wouldnt really be a surprising thing to get fucked up because this market is unpredictable and we are just humans who do really make out some
common reaction which is to panic and on the times those plans had been failed then we do really boggle up our mind and then our emotion do sets in which would
result into confusion and lost track on what you had planned earlier.Therefore, you should changed up indicators whether if its needed or not.

If you have panicked and are confused about what to plan. the best way is to stop and close your trade. such a situation will not be good because the market is crashing. close the order and wait until the market conditions improve.
Predictions are just predictions and will not be 100% accurate, the market is very volatile, don't let you get caught in a trade that will harm you.

wxa7115

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Quote from: CaVO32 on February 12, 2022, 05:15:14 PM

Quote from: wxa7115 on February 11, 2022, 01:50:14 PM

Quote from: AicecreaME on February 10, 2022, 06:27:19 AM

Sticking to your best indicators is the best, however, it is not bad to try other indicators as long as it helps you to make profits, so changing it without any valid reason is nonsense, in my opinion. Changing constantly of your indicators could lead to something bad, like losing a lot of money again since you need to familiarize it first before you could continuously make profits from it.

Changing your indicators just for the sake of changing them does not make sense, supposedly the reason we are using our current indicators is because we have a coherent strategy about what we are looking in the markets and how to take advantage of it.

If we change them without any kind of strategy behind them then we are bound to lose money in the markets, however if someone has done their best and found out after a lot of experimentation that another set of indicators make him the most money, then that person is justified in changing the indicators they are using.

Anyone can alter his indicators as long as he knows what's best for his trading strategy. As alts evolved very fast, you also need to adopt what's the applicable strategy for the particular coins you are trading with. You can always deviate from your indicator if your instincts is saying that your new strategy will work on the coin. There's no perfect strategy in this market. It is how you utilize a certain strategy to your own advantage.

I will have to disagree, success comes from careful planning and not by taking a decision on the spur of the moment and just changing an indicator just because you feel like it.

A trading strategy needs to be well researched, this means that you need to test your strategy against the past movements in the price and against many markets to see if it actually makes you any money, if you change an indicator without testing it then you will not know if your overall strategy is still successful, maybe it is, but are you willing to take a risk like that when you have your capital on the line? Because I know I wont do that.

CaVO32

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Quote from: wxa7115 on February 11, 2022, 01:50:14 PM

Quote from: AicecreaME on February 10, 2022, 06:27:19 AM

Sticking to your best indicators is the best, however, it is not bad to try other indicators as long as it helps you to make profits, so changing it without any valid reason is nonsense, in my opinion. Changing constantly of your indicators could lead to something bad, like losing a lot of money again since you need to familiarize it first before you could continuously make profits from it.

Changing your indicators just for the sake of changing them does not make sense, supposedly the reason we are using our current indicators is because we have a coherent strategy about what we are looking in the markets and how to take advantage of it.

If we change them without any kind of strategy behind them then we are bound to lose money in the markets, however if someone has done their best and found out after a lot of experimentation that another set of indicators make him the most money, then that person is justified in changing the indicators they are using.

Anyone can alter his indicators as long as he knows what's best for his trading strategy. As alts evolved very fast, you also need to adopt what's the applicable strategy for the particular coins you are trading with. You can always deviate from your indicator if your instincts is saying that your new strategy will work on the coin. There's no perfect strategy in this market. It is how you utilize a certain strategy to your own advantage.

wxa7115

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Quote from: AicecreaME on February 10, 2022, 06:27:19 AM

Sticking to your best indicators is the best, however, it is not bad to try other indicators as long as it helps you to make profits, so changing it without any valid reason is nonsense, in my opinion. Changing constantly of your indicators could lead to something bad, like losing a lot of money again since you need to familiarize it first before you could continuously make profits from it.

Changing your indicators just for the sake of changing them does not make sense, supposedly the reason we are using our current indicators is because we have a coherent strategy about what we are looking in the markets and how to take advantage of it.

If we change them without any kind of strategy behind them then we are bound to lose money in the markets, however if someone has done their best and found out after a lot of experimentation that another set of indicators make him the most money, then that person is justified in changing the indicators they are using.

AicecreaME

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Sticking to your best indicators is the best, however, it is not bad to try other indicators as long as it helps you to make profits, so changing it without any valid reason is nonsense, in my opinion. Changing constantly of your indicators could lead to something bad, like losing a lot of money again since you need to familiarize it first before you could continuously make profits from it.

Ararbermas

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Quote from: 2girls on January 15, 2022, 02:14:18 PM

I use different indicators for every different time frame.I usually don't change indicators but when I feel my this strategy is not working then I choose another strategy another indicators.

good for you mate that you can actually change indicators if you saw your strategies isn't working, perhaps you're a day trader as well because you know mate I'm a day trader also and personally i don't forced my self to trade if i didn't 't see any significant signs to trade or probably its because i there's something missing and i didn't used to much indicators? Because you know I'm ok with EMA, MACD and last but not the least RSI for divergence perhaps isn't enough for a day trader?

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Quote from: Quidat on January 13, 2022, 06:08:43 PM

Quote from: Silberman on January 13, 2022, 04:56:11 PM

Quote from: lixer on January 11, 2022, 04:36:55 PM

Quote from: JunkieMiner on January 10, 2022, 04:52:47 PM

According to the way I trade is that whenever I go through some loss or whenever I think that loss is on the way then I changed the indicator as well because through this I get more protection in trading and I got some experience in this way too, changing and applying new strategies also helps me alot in trading.

It seems that your immediately adapting new indicators and trading strategies without taking time for testing them which must be very dangerous one always. If your having multiple strategies which are tested by you previously and you have proven track record of each and every indicators and strategies that you are going to switch over then that will be the different case; and in that day you are doing well.

Frequently switching over to new strategy definitely will not bring you good results; at the same time you should not need to stick with same strategy among many losses but you should always trade with tested strategy; that's all, I mean.

And that is the issue, if someone has several different strategies in order to face different market conditions and each one of those strategies was tested by them and they know they work then we are not talking anymore about changing indicators but changing strategies, and there is nothing wrong with that, however changing an indicator on a whim without knowing what kind of effect that change will bring to the overall strategy we are using is a huge mistake in my opinion.

Its none others business on stopping or telling people on what they should gonna do with their tradings because we do have different skills and knowledge when it comes to this.
Changing up strategies will neither be requiring a new set of indicators or not and we know that it is really possible on having that way because there are specific indicators which
are been used on certain conditions which you would really be expecting that there would be changing of those tools.So its up to someone on how he handle
up himself towards the market.

People can do whatever they want with their money, that is their right, however changing the indicators they are using on a whim is a bad idea if the reason they are trading the markets is to make money, and since that is the reason for basically every single trader ever then this is simply a bad move no matter how we look at it, after all there are traders that dedicate a great deal of their time just to master a few indicators, so I find unlikely that someone can just master a bunch of indicators out of nowhere and be as effective as those that prefer to use a more reduced set of indicators to trade the markets.

savetheFORUM

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Quote from: 2girls on January 15, 2022, 02:14:18 PM

I usually don't change indicators but when I feel my this strategy is not working then I choose another strategy another indicators.

You are not different from any other trader here because traders will go for adapting a new strategy or indicator when their current strategy/indicator is not working as per their expectation. Not meeting expectation means it might be getting them losses or might not be getting them enough profits or can be anything.

Quote from: Dr.Osh on January 15, 2022, 10:16:37 PM

when market conditions change, bear or bull market, then every condition I change again and try to adjust to the existing conditions.

This way I guess you must need to frequently change your strategy and indicator so that you could sustain in crypto trading because crypto market conditions are continuously changing forever and as per your approach, it seems that you must need to change your strategies more frequently.

Dr.Osh

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when the strategy I have is useful, and works well, I will never change it, except when I feel that the profits I make with the indicator are not bringing me to the maximum profit. how often do i change it? Well, it depends on the situation. when market conditions change, bear or bull market, then every condition I change again and try to adjust to the existing conditions. well, the situation in the market is sometimes not always the same, so we have to adjust to that. although sometimes the pattern is always the same, but sometimes there are things that need to be modified.

2girls

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I use different indicators for every different time frame.I usually don't change indicators but when I feel my this strategy is not working then I choose another strategy another indicators.

ReiMomo

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I do change the indicator when I need a deep analysis. In order to closely watch out whats going to happen in an hour or a day or a week, I change the indicators and check which indicator says what. I am sure yes everyone does periodically or often to be sure of getting profits or buying at dip. As long as you have a reason to change and you know how to analyse it, change it often. If not, just leave it as it is.

barbara44

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Quote from: ImThour on December 26, 2021, 11:34:49 AM

Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade

No trader could remain loyal to their technical strategies forever because out of market fluctuations everyone will be enforced to go for enhancing or altering or adapting something new over the time. Yeah, in my opinion as well that professional traders will not change their indicators must be a myth but unfortunately most traders do follow it and struggle in their day to day trading career.

We should not hesitate to change our trading strategies and indicators whenever needed because without them we cannot trade profitably and having a perfect set of indicators is more important rather than sticking with inefficient indicators. So, go for new ones if needed and be royal to them if they are still working for you in profit hunting.

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Quote from: jostorres on January 10, 2022, 01:52:20 PM

Quote from: LUCKMCFLY on January 10, 2022, 07:35:56 AM

Guys I have a question, I'm not into short-term trading, but I have found a way to use some indicators that works for short-term trading and I think it works long-term, it consists of the Bollinguer Bands added with the stochastic, If they cross and it leaves the peak of the stochastic, it gives a signal to enter, either in a bullish or a bearish sense, I do not know how effective it is, but it seems to me that it is a good trick taking into account that if an analysis is previously done in determining what trend the currency will take, this is something that caught my attention, especially for short-term trading, it seems to me that these tools are very powerful, has anyone combined them?

You could always do the paper test as well if you want to. Just check the indicator and whenever it looks like it is at the point you want to enter or you want to exit, just end up with writing the price down on a piece of paper (or use your notepad on your pc if you want to). After that, wait for it to get to other side and if you need to enter or exit again write that down as well.

This way you could see if your system is good or not. I personally believe that I have made some of my biggest mistakes on paper, thank god that I used that method because it allows me to actually make a profit with a good strategy if I am right, and if I am wrong it is only on the piece of paper I wrote and not a real trade. People also use demo trading games for this, that way you get to see how much you could have made or not with fake money and get a better understanding.

Thank you very much, I had not thought about doing it on paper, of course it can be done in a notepad, although having a review in any currency chart, the technique is fulfilled very well, only in a few cases is it not it complies, but 100% only fails about 5%, this is what I have observed, of course this is looking at it from front to back, for now I am going to put myself in the task of doing it on paper, because I like it better, Although I have never been to write down much on paper, but I feel that this way it is even more etched in my brain doing that exercise.

Mahanton

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Quote from: AakZaki on January 14, 2022, 03:41:32 PM

Quote from: xmonkeyx on January 10, 2022, 09:54:50 AM

I never change my trading strategy and if there is a continuous loss I think it's not the fault of the strategy I use but the use of the wrong strategy I applied either because of the wrong timing or greed.

of course greed and panic will be a problem, it will make your psychology disturbed and finally Cut Loss. As a trader having a backup strategy is mandatory, because we don't know whether the market will continue to do well or crash as it is today. Plan A and Plan B are needed. Several indicators can be used, mastering one or more indicators to analyze the market, and capital management and emotional management are also important.

Plan A,B,C's and so on wouldnt really be a surprising thing to get fucked up because this market is unpredictable and we are just humans who do really make out some
common reaction which is to panic and on the times those plans had been failed then we do really boggle up our mind and then our emotion do sets in which would
result into confusion and lost track on what you had planned earlier.Therefore, you should changed up indicators whether if its needed or not.

AakZaki

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Quote from: xmonkeyx on January 10, 2022, 09:54:50 AM

I never change my trading strategy and if there is a continuous loss I think it's not the fault of the strategy I use but the use of the wrong strategy I applied either because of the wrong timing or greed.

of course greed and panic will be a problem, it will make your psychology disturbed and finally Cut Loss. As a trader having a backup strategy is mandatory, because we don't know whether the market will continue to do well or crash as it is today. Plan A and Plan B are needed. Several indicators can be used, mastering one or more indicators to analyze the market, and capital management and emotional management are also important.

Quidat

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Quote from: Silberman on January 13, 2022, 04:56:11 PM

Quote from: lixer on January 11, 2022, 04:36:55 PM

Quote from: JunkieMiner on January 10, 2022, 04:52:47 PM

According to the way I trade is that whenever I go through some loss or whenever I think that loss is on the way then I changed the indicator as well because through this I get more protection in trading and I got some experience in this way too, changing and applying new strategies also helps me alot in trading.

It seems that your immediately adapting new indicators and trading strategies without taking time for testing them which must be very dangerous one always. If your having multiple strategies which are tested by you previously and you have proven track record of each and every indicators and strategies that you are going to switch over then that will be the different case; and in that day you are doing well.

Frequently switching over to new strategy definitely will not bring you good results; at the same time you should not need to stick with same strategy among many losses but you should always trade with tested strategy; that's all, I mean.

And that is the issue, if someone has several different strategies in order to face different market conditions and each one of those strategies was tested by them and they know they work then we are not talking anymore about changing indicators but changing strategies, and there is nothing wrong with that, however changing an indicator on a whim without knowing what kind of effect that change will bring to the overall strategy we are using is a huge mistake in my opinion.

Its none others business on stopping or telling people on what they should gonna do with their tradings because we do have different skills and knowledge when it comes to this.
Changing up strategies will neither be requiring a new set of indicators or not and we know that it is really possible on having that way because there are specific indicators which
are been used on certain conditions which you would really be expecting that there would be changing of those tools.So its up to someone on how he handle
up himself towards the market.

Silberman

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Activity: 2534

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Quote from: lixer on January 11, 2022, 04:36:55 PM

Quote from: JunkieMiner on January 10, 2022, 04:52:47 PM

According to the way I trade is that whenever I go through some loss or whenever I think that loss is on the way then I changed the indicator as well because through this I get more protection in trading and I got some experience in this way too, changing and applying new strategies also helps me alot in trading.

It seems that your immediately adapting new indicators and trading strategies without taking time for testing them which must be very dangerous one always. If your having multiple strategies which are tested by you previously and you have proven track record of each and every indicators and strategies that you are going to switch over then that will be the different case; and in that day you are doing well.

Frequently switching over to new strategy definitely will not bring you good results; at the same time you should not need to stick with same strategy among many losses but you should always trade with tested strategy; that's all, I mean.

And that is the issue, if someone has several different strategies in order to face different market conditions and each one of those strategies was tested by them and they know they work then we are not talking anymore about changing indicators but changing strategies, and there is nothing wrong with that, however changing an indicator on a whim without knowing what kind of effect that change will bring to the overall strategy we are using is a huge mistake in my opinion.

Topic: How often do you change your indicators? (Read 442 times)