Topic: How often do you change your indicators? - page 2. (Read 442 times)
It depends on the situation some of the people keep sticking with the single indicators and some of them change when the market trend makes a different pattern it's an ideal thing to always change the plan when theres changes in the market it's not ideal to always stick to the plan you have might lose you. im using different indicators give me an idea of what ideal to do to save my assets.
As the title says, 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
Share your thoughts!
Or are you a professional trader who is loyal to his set of Indicators for each trade
Share your thoughts!
I’m just a casual trader and never thought about or cared about the indicators really. But I do know that these things are very important. The more you know indicators the more accurate you can predict the future of any asset. The assets are way volatile here so learning trading skills is indeed needed.
But it is advisable to the reader of this post, let’s not go into the trading blindly. Indicators could be life savers.
For me since indicators is not prime stuff I always kee changing the way I enter into market and have proper exit strategies. Basically I’m fundamentally stronger than relying on technical analysis.
Practically I guess that it will not be possible for most readers to have set of tested indicators due to time constraints but after this topic I believe traders will start realizing its importance.
I think every real trader that is serious about making money from trade will do a test of the indicators being used. Indicators are the vehicle that traders make profit and it should be taken very serious because trading also is serious thing. If you are not serious with it you are burnt out of capital. Except newbies that are still peddling with account and confused of what to do. Trading with one indicator won't help but a little addition of tested indicators will lead to success.
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.
Yeah, there is a fine line between how often you are going to change your indicator and how hardly you stick within only one indicator.One probable solution must be, having a set of tested indicators and switching only within that list of indicators so that you may not go for new indicator without testing and at the same time you do not need to have same strategy even after losses with that.
Practically I guess that it will not be possible for most readers to have set of tested indicators due to time constraints but after this topic I believe traders will start realizing its importance.
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.
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.
I do not think this is a good idea, after all trading the markets is hard, it is unrealistic to think that we can master all the idiosyncrasies of a huge deal of indicators, it is better to concentrate in learning how to use a few of them and master them than to use hundreds of indicators, besides we need to learn how to use indicators as a group and not in isolation so we can create a coherent strategy that can make money in the markets. 
I think each indicator has its advantages and disadvantages. therefore we must be able to respond to it, so that when the indicator does not work, then we can do a cut loss, and do not experience more losses. I don't think it's necessary to use a lot of indicators, because it will make us dizzy , and learn to understand the indicators we use, I think it will make us better
I don't change indicators cause I don't use any, raw price action with drawing tools - Liquidity void's and S/R.
S/R is already indicator or something you draw because if you do speak out with naked trades then you would definitely using nothing since you could able to point out where are those resistances and support on just looking at on the chart but of course this one talks about those skilled and experienced people because not all would really able to do so.Changing indicators is situational because there are indicators which is only good for current market condition which means there would be specific indicators would
really be relevant to use and not the other one earlier.
So its a decision to make on such various conditions.
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.
I don't change indicators cause I don't use any, raw price action with drawing tools - Liquidity void's and S/R.
That is interesting, very few people trade the markets without an indicator, however I think this is better than what I see with many newbies in which they use 20 or more indicators and their charts become completely unreadable, after all the most important indicator of all is the price and if you use too many indicators then watching the price action becomes incredibly difficult, while at the same time confusion kicks in as similar indicators have the tendency to contradict themselves confusing the trader in the process and making them to make additional mistakes. 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.
To be honest I will observe whether the strategy that I do is indeed helpful and profitable or not. If it is, then I will continue and if the results are not satisfactory then I will replace it. So I can't really set the number of times but I don't think I changed the strategy too much. It seems to me that changing strategies too much will only make the plan go awry. But back again, every strategy that is used is intended to help make a profit and if that doesn't help then replace it with a new strategy.
As the title says, 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
Share your thoughts!
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. Or are you a professional trader who is loyal to his set of Indicators for each trade
Share your thoughts!
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?
Honestly, I was just new to hear that trading tool, I was curious then to try that and hoping that it works for me as well. I was very often to change indicators when the market changed its course as I look it was very effective but can't be like that, it is a usual thing to happen and this never saves me from losing. This is probably because trading can't be all the time in winning, we'd sometimes lose, and sometimes it is always especially when we are using the wrong trading tool.
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?
I change my strategy permanently in proportion to the fluctuations of the market, as well as depending on the success or failure of the strategy, there is no strategy that works well for a long time according to my point of view, the market is constantly changing and there is always a change in the data, the rules of the game and the conditions of the market, so you have to change Also according to these changes, but if you insist on following one strategy, you will never develop and will not gain the necessary experience to deal with market changes. A person must be flexible in his thinking and review his ideas and strategies every period of time.
I don't change indicators cause I don't use any, raw price action with drawing tools - Liquidity void's and S/R.
I do not know many indicators so I just stick to those I knew before. Using that indicator, I do not have to change to other indicators because sometimes, that will need more time to analyze using the other indicators. If I do not get a sign to enter the market using the indicators that I knew before, I do not force myself to use the other indicators because that can lead me to get a wrong analysis. I will just watch the market and be back to analyze in the next few hours.
Not too often, maybe I only set indicators once a month to test the effectiveness of one indicator against another. As that indicator will be effective if we test it for some time. Changing it in a short time did not make me quite satisfied with the results I got. therefore personally the application of futures indicators has become the most important thing in my trading.
It depends on you directly, when you can change your indicator when you feel to change it, for trading i tried to get trading signal every week in order to make my trading go successful, but from this thread i understand that some people changes their indicators approximately weekly or monthly depends on their time out, we demanding for indicators because we don't trade money we can control, we trade on the finance that is higher than us.
I don't usually stick with one indicators, I change my indicators depends on what strategy I use or what are the things I wanted to look at for example I would use Stochastic RSI but sometimes I removed it and rely on candlestick and trend lines and sometimes I use 2 different indicators for one strategy and 3 indicators to one strategy so it varies depends on what strategy that I want to use.
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