How often do you change your indicators? - page 4.

gabbie2010

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

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 Cheesy

Share your thoughts!

Well while trying to tweak my strategy I tried several indicators in my bid to have a working strategy, I changed several indicators after incurring some losses just by trial and error, before I finally sticked with these three indicators namely SMMA (double), Bollinger Band and William' percentage Range, ( set to a value not default settings) I used them for determining trend and volatility of the price in the market, obviously I am getting good results from the combination of the 3 indicators, and I don't how far or how long it's going to continue to give good results.

Oshosondy

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

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 Cheesy

I don't really use indicators, I use only chats to analyse and the outcome are good. I have failed a lot of times and each time I failed, I change my strategy but not the indicators. When I started to trade, I used 125x, I lost. I used 10x and I lost. I used 5x, good but not good in volatile market. I changed to 3x which is what I am using now. I might still change to 2x and 1x. My analyses are still almost the same but I am only reducing my leverage.

mardaed

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I don't change indicators actually but combining them and not relying on one indicators for example it shows that it is bullish on the MACD or RSI but it shows different on volume and trend lines on that way it means that the signals I am receiving is either weak or unsure that's why I would wait or probably rely on the price action before entering any position.

adaseb

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Indicators won’t help you if you don’t know how to trade. They are never accurate. They are more of a confirmation but should never be used alone.

There are so many times when a MA can cross and you might signal a long on one timeframe but short on another. Or MA can tell you to long and RSI tells you to short. So they will never be reliable as you want them to be.

With experience you will know which trades to take and use indicators as a confirmation.

Woodie

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For certain indicators which I use once in a while, I hadly change a thing as they are best used in their defaults. Moving average 200,20, 100,50 are among the indicators I enjoy to use and they are effective.

GreatArkansas

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

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
(....)

I am not that in love too much with such indicators, to be honest, there are a lot of good indicators out there for different kind of times.
I am changing such indicators when I saw some charts online and trying out how it works, but if ever it does not meet my goals, I am going back to indicators that I am commonly using such as basic momentum indicator, volume indicator, and moving averages.

I am not a fan of complex indicators which is only messing with your charts.

Mahanton

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

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 Cheesy

Share your thoughts!

Im a versatile kind of trader on which i do make out changes depending on the situation or current condition in the market because we know that there are indicators or tools which is significant or relevant
on current trend of the market but there are actually some times that i dont make any changes but actually this is really very situational and your preference because
if you do keep changing because you dont trust up your current settings then that indicates that you are somewhat impulsive
into what you are doing.

bitgolden

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

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 Cheesy

There will be no point of thinking about getting into new set of indicators for my crypto trading when my favorite tools are already profitable and working consistently. Still I need to confess that sometimes I do go for finetuning different parameters for various coins which again led me to have same indicator but with different set up for different trading pairs. Overall, I am into same set of trading indicators for more than 6 years.

If you are combing more strategies and not depending on one or two indicators alone then probably you are already doing fine which means you may not need to switch over to different indicator more frequently.

teosanru

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

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 Cheesy

Share your thoughts!

I am honestly too loyal or you can use the word addicted to my indicators, I do play by adding or removing one or the other, but the basic prime indicators remain the same always. It's just the additional indicators that change, whenever I see my strategy failing, I have generally been able to revive it back by tweaking the settings on my indicators somewhat here and there, changing indicators altogether is definitely something I haven't done and it's a bit frightful to be honest, it's like walking in an entirely new area, about which you know absolutely nothing.

palle11

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I have settled for certain indicators so no need for changing as they perform same function. If you keep changing indicators all the time you get confused and you start losing focus and your money. I think that it is better to follow certain indicators and research on them and follow the once that are working. Clustering of indicators is confusing a trader so the fewer the better.

South Park

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

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 Cheesy

Share your thoughts!

If you have a defined strategy that you know it works then I do not see the need to change your indicators or some of their settings at all, after all one of the purposes of a strategy is to stop you from wasting time using all the possible combinations for your indicators and keep you focused on what matters, which is to make money in the markets, so if someone is changing their indicators for no good reason at all then I think this is someone that does not really know what they are doing.

Sterbens

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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.

Beparanf

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

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 Cheesy

Share your thoughts!

I usually change indicators if the set of indicators that I used has a conflict signal to each other. I used other signal like Bollinger and the 3 EMA lines to verify on which indicators on my original set showing a valid result. But this is very rare scenario and most when I'm just trying enter a position for leverage trading which is very crucial due to its short time frame requirements.

ImThour

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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 Cheesy

Share your thoughts!

Topic: How often do you change your indicators? - page 4. (Read 442 times)