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

hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
February 23, 2022, 12:53:59 PM
#74
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.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
February 23, 2022, 06:49:47 AM
#73
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.
hero member
Activity: 2968
Merit: 687
February 20, 2022, 01:41:26 PM
#72
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.
legendary
Activity: 2338
Merit: 1084
zknodes.org
February 20, 2022, 11:03:12 AM
#71
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.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
February 17, 2022, 01:48:03 PM
#70
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.
full member
Activity: 1848
Merit: 158
February 12, 2022, 05:15:14 PM
#69
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.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
February 11, 2022, 01:50:14 PM
#68
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.
sr. member
Activity: 2436
Merit: 455
February 10, 2022, 06:27:19 AM
#67
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.
sr. member
Activity: 2016
Merit: 283
January 20, 2022, 02:57:54 PM
#66
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?
legendary
Activity: 2534
Merit: 1338
January 17, 2022, 04:18:38 PM
#65
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.
full member
Activity: 1134
Merit: 140
January 16, 2022, 01:38:48 PM
#64
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.

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.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
January 15, 2022, 10:16:37 PM
#63
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.
sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
January 15, 2022, 02:14:18 PM
#62
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.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
January 15, 2022, 02:06:29 PM
#61
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.
hero member
Activity: 2534
Merit: 605
January 15, 2022, 01:09:18 PM
#60
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.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
January 15, 2022, 12:06:00 PM
#59
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.
hero member
Activity: 2730
Merit: 632
January 14, 2022, 04:05:07 PM
#58
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.
legendary
Activity: 2338
Merit: 1084
zknodes.org
January 14, 2022, 03:41:32 PM
#57
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.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
January 13, 2022, 06:08:43 PM
#56
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.
legendary
Activity: 2534
Merit: 1338
January 13, 2022, 04:56:11 PM
#55
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.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
January 13, 2022, 05:46:15 AM
#54
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.
hero member
Activity: 2114
Merit: 603
January 13, 2022, 04:59:13 AM
#53
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’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.
sr. member
Activity: 2366
Merit: 332
January 12, 2022, 12:08:26 PM
#52

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.
legendary
Activity: 2338
Merit: 1124
January 12, 2022, 10:02:59 AM
#51
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.
hero member
Activity: 2688
Merit: 588
January 11, 2022, 04:36:55 PM
#50
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
January 11, 2022, 12:53:27 PM
#49
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.
sr. member
Activity: 1344
Merit: 253
January 11, 2022, 09:56:54 AM
#48
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
hero member
Activity: 3010
Merit: 794
January 10, 2022, 05:14:41 PM
#47
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.
member
Activity: 412
Merit: 10
January 10, 2022, 04:52:47 PM
#46
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.
legendary
Activity: 2534
Merit: 1338
January 10, 2022, 04:29:30 PM
#45
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.
hero member
Activity: 2562
Merit: 586
January 10, 2022, 01:52:20 PM
#44
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.
sr. member
Activity: 1498
Merit: 443
January 10, 2022, 10:45:26 AM
#43
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.
member
Activity: 658
Merit: 11
CRYPTO WEB3 NEOBANK
January 10, 2022, 09:54:50 AM
#42
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 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.
hero member
Activity: 2828
Merit: 518
January 10, 2022, 09:34:36 AM
#41
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.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
January 10, 2022, 07:35:56 AM
#40
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?

legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
January 09, 2022, 11:26:41 PM
#39
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.
newbie
Activity: 5
Merit: 0
January 09, 2022, 10:39:15 PM
#38
I don't change indicators cause I don't use any, raw price action with drawing tools - Liquidity void's and S/R.
hero member
Activity: 2604
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🐺Spinarium.com🐺 - iGaming casino
January 04, 2022, 01:04:17 AM
#37
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.
hero member
Activity: 1498
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Enjoy 500% bonus + 70 FS
January 04, 2022, 12:01:02 AM
#36
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.
hero member
Activity: 1932
Merit: 504
January 03, 2022, 11:34:31 PM
#35
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.
legendary
Activity: 3234
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Vave.com - Crypto Casino
January 03, 2022, 06:12:46 PM
#34
When I started to trade, I began to try out and trade mostly out of multiple indicators. Like a lot and find different indicators that I feel suit my taste and made me think that it will be a successful setup or something. As time goes by and I experience a lot of different market volatility, it's better to stick with sound risk management and consistency. Because you couldn't get a 100% setup with anything in trading, the risk should be controlled, and it has been the best strategy ever since.
I think we all go through that at some point during our trading careers, at the beginning since we do not know much about the markets we try all kind of combinations of indicators looking for a magic formula that guarantees profits, but at some point during our development we learn that this is not going to work and eventually we settle for a few indicators and a solid money management strategy, since that is more than enough to make profits in the markets if you know how to use them.
This works with almost every user who got into trading with small capital. Initially we don't have much knowledge and we do what is being broadcasted through some channels, and this at times doesn't work. Because small volume with minor variation won't get you better profit and that works well with big capital. Little by little the experience makes us understand the market and take the signals as reference and analyse when and where to invest for good profit. Most of the time I do set the buying/selling through limit trading which seems easy and profiting as the capital is small.
legendary
Activity: 3094
Merit: 1127
January 03, 2022, 04:17:41 PM
#33
Using indicators is essential for technical analysis, having a fundamental background also helps to understand the overall picture. Moving averages and MACD indicators are main part of my technical analysis tools, so checking the mentioned indicators is first step then changing indicators to oscillators etc.
When it comes on changing phases then you would really be needing to be versatile and its true that we do really go into those kind of situations on which we do really chance up indicators basing up
on the condition we are facing because trading is a never ending kind of learning on where you could really make out adjustments according to your own knowledge and skill set.
If you do find out that your current indicators arent working on a certain trend then its not bad to make out some changes and this would be a continous one
because you wont really enhance yourself if you dont have that kind of mindset.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
January 03, 2022, 01:05:50 PM
#32
When I started to trade, I began to try out and trade mostly out of multiple indicators. Like a lot and find different indicators that I feel suit my taste and made me think that it will be a successful setup or something. As time goes by and I experience a lot of different market volatility, it's better to stick with sound risk management and consistency. Because you couldn't get a 100% setup with anything in trading, the risk should be controlled, and it has been the best strategy ever since.
I think we all go through that at some point during our trading careers, at the beginning since we do not know much about the markets we try all kind of combinations of indicators looking for a magic formula that guarantees profits, but at some point during our development we learn that this is not going to work and eventually we settle for a few indicators and a solid money management strategy, since that is more than enough to make profits in the markets if you know how to use them.
full member
Activity: 1134
Merit: 140
January 01, 2022, 03:19:26 PM
#31
Using indicators is essential for technical analysis, having a fundamental background also helps to understand the overall picture. Moving averages and MACD indicators are main part of my technical analysis tools, so checking the mentioned indicators is first step then changing indicators to oscillators etc.
Do you mean at every part of of your day-to-day trading, you are switching your technical indicators so that you will be getting double confirmation for your entry and exit? I guess that must be a different still effective way of technical analysis because you are making use of different set of indicators for double confirmed signals

So far I have heard only about the traders who are switching over to different indicators only when their current indicators are not working properly but your case is something interesting.
legendary
Activity: 2086
Merit: 1058
January 01, 2022, 12:10:00 PM
#30
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
That is just a myth about professional way of trading. There cannot be any common practice among all professional traders hence you cannot sure about that all professional traders are always using same kind of indicators or same kind of strategies. There will be no point of making use of same strategy when it is not profitable and similarly no one is going to change a strategy which is good in consistent profit making.

We should be open to new strategy at any time because we cannot be sure about our current strategy might be always effective against ever changing volatility of bitcoin market.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
January 01, 2022, 10:26:57 AM
#29
As often as possible as the market trend changes. Indicators could be leading or lagging so both suits different markety condition. If it's a trending Market I prefer a leading indicator but for range market or choppy market I use a lagging indicator to dictate when a new trend is ready to form. Changing indicators should be as often as possible because it helps give market precision
hero member
Activity: 2562
Merit: 586
January 01, 2022, 12:34:55 AM
#28
Do you change it quite often depending on how good or bad your strategy is going?
I guess that as long as a trading strategy stays profitable, no trader will prefer to change it. Probably people may look to adopt a new highly effective strategy even they are already doing with a profitable strategy. There will be no requirement in trading to use multiple strategy on rotation as that may lead to more complicated trading routine regardless of profitability levels.

are you a professional trader who is loyal to his set of Indicators for each trade
Who said professional traders are rarely changing their indicators/strategies? Not all traders are comfortable to stick with same strategy for all market conditions which means according to market volatile nature, professional traders might use different strategies; it is possible only by experiences.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
December 28, 2021, 05:44:01 PM
#27
I don't change the indicators I use very often, because it will only slow down my trading. I'm still using some patent indicators that are ready to go and I've got the hang of. it's easier and faster because it's been applied every time I open the trading tool that I use. maybe only some minor changes will be made.
I do think that it would be good to stick to the indicators that you know already. Do you want to share the specific indicators that you use? I'm interested in seeing some strategies that work the best. What trading tool are you using as well?
hero member
Activity: 3010
Merit: 794
December 28, 2021, 04:13:08 PM
#26
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 change depends on the trend of the coins/tokens I’m searching for since all of them have a different price trend so in order for you to become more successful in trading, you must use different indicators though most of the time, I use the same indicators just different in approach and timeline.
Very situational indeed because not all conditions in the market would really be the same which means there are conditions which does need out that specific indicator for you to find out on what the trend

or what does it mean but in overall aspect most of them does share up on that common aim and it will just demand on how someone would able to use it on that proper way
So it will really vary if you do ask me thats why you should really be that wise on using any of it.

Changes would be there according on particular situations or conditions.
full member
Activity: 2128
Merit: 180
December 28, 2021, 04:06:05 PM
#25
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 change depends on the trend of the coins/tokens I’m searching for since all of them have a different price trend so in order for you to become more successful in trading, you must use different indicators though most of the time, I use the same indicators just different in approach and timeline.
legendary
Activity: 2716
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Once a man, twice a child!
December 28, 2021, 11:26:50 AM
#24
I don't twerk my indicators once I have them set. I just let them roll. But I can try out new ones from time to time once I find anyone trending or hyped ones . Otherwise, I feel there's no need changing indicators if they're still winners. Maybe it could be that I dwell more on "leading indicators" than lagging ones. If it's leading, they consist of lines that draw basically support and resistance that don't repaint. So, in all ramifications I seldom change indicators. I like to keep my charts simple and not cluster them.
legendary
Activity: 2338
Merit: 1084
zknodes.org
December 28, 2021, 11:00:31 AM
#23
When I started to trade, I began to try out and trade mostly out of multiple indicators. Like a lot and find different indicators that I feel suit my taste and made me think that it will be a successful setup or something. As time goes by and I experience a lot of different market volatility, it's better to stick with sound risk management and consistency. Because you couldn't get a 100% setup with anything in trading, the risk should be controlled, and it has been the best strategy ever since.
I don't change the indicators I use very often, because it will only slow down my trading. I'm still using some patent indicators that are ready to go and I've got the hang of. it's easier and faster because it's been applied every time I open the trading tool that I use. maybe only some minor changes will be made.
hero member
Activity: 2982
Merit: 610
December 28, 2021, 07:26:38 AM
#22
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!
Not so often but literally, I change my indicators as I change my strategy as well. I can't hold those indicators that are not effective anymore, perhaps, it is a need to change them to have a profit, or else, we just lose. And there is no reason why we should keep them forever.
Even a professional trader will act the same. I've never known how good to be loyal to our indicators as sometimes we make decisions to abandon them and look for another for some reason and I think, it is a must.
sr. member
Activity: 2016
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December 28, 2021, 03:38:06 AM
#21
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!
for me it depends what's strategy i want to use base on the structure as well. If it's swing trade i used EMA 20-50 and Bollinger bands and MACD for confirmation. And when it comes demand and supply, sometimes i don't use any indicators wherein i just put drawing on the levels then wait for the confirmation such declines from the zone. And last but not the least break out and trend line. The same with D&S but i combined RSI for divergence.
For me technical analysis is more important to recognised the structure of every coins, hence if you are not familiar with the candles sticks it's impossible to have good winrate even you used all the indicators in the tradiview.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
December 27, 2021, 10:57:39 AM
#20
When I started to trade, I began to try out and trade mostly out of multiple indicators. Like a lot and find different indicators that I feel suit my taste and made me think that it will be a successful setup or something. As time goes by and I experience a lot of different market volatility, it's better to stick with sound risk management and consistency. Because you couldn't get a 100% setup with anything in trading, the risk should be controlled, and it has been the best strategy ever since.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
December 27, 2021, 09:34:43 AM
#19
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.

Therefore, in implementing an indicator and combining it with other indicators, there is only one key to success, which is where we really understand the function of the indicator and know the level of advantages and disadvantages. A trader does not change too many indicators if what he is currently using is effective and has been fully mastered. In general, trading indicators are just a measuring tool to provide convenience in determining open and close targets. So that measuring the level of success depends on the level of mastery owned by the trader himself.
hero member
Activity: 3038
Merit: 617
December 27, 2021, 09:14:40 AM
#18

This is true. Having to change several indicators over again after your first analysis will just paralyze you in executing. Too much analysis will confuse you in the process.
You will have another analysis of where the trend will go after changing another set of indicators. I will prefer to use the indicators that I have already trusted which are my favorite indicators to use.
legendary
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
December 27, 2021, 08:48:59 AM
#17
I'm not a professional trader, I use only a few indicators that I know. One or two indicators if mastered well will be able to read the market well. useless if there are many indicators but not optimal.
Sometimes only certain indicators are used and not others. fiddling with old indicators with new ones will only confuse you. I use certain indicators and I'm good at it.
hero member
Activity: 2828
Merit: 611
December 27, 2021, 05:33:48 AM
#16
are you a professional trader who is loyal to his set of Indicators for each trade  Cheesy
Even I am not considering myself a professional trader, I am always loyal to my trading strategies and I prefer to keep using them without messing up with new things. Only when traders could not find continuous profits with currently using indicators, may start looking for new ones but I am using a different approach to skip not-sure signals which must be a reason why my strategy looks perfect to me. Honestly I do not have plan to adapt any new strategy in near future.
hero member
Activity: 1596
Merit: 502
December 27, 2021, 05:30:06 AM
#15
I do not change my indicators too often because I do not familiarize so many indicators. I use RSI, MACD, and Bollinger Bands which is enough for me to see where the line will go. But that can not always give me the right time to enter the market because I think there is need more indicators to get more info about the trends. But that indicator is enough to have analysis for the market moves, even for newbies to see the trend.
sr. member
Activity: 2842
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Vave.com - Crypto Casino
December 27, 2021, 05:20:36 AM
#14
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.
legendary
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Gamble responsibly
December 27, 2021, 02:19:38 AM
#13
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.
full member
Activity: 994
Merit: 105
December 27, 2021, 01:57:09 AM
#12
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.
legendary
Activity: 3808
Merit: 1723
December 26, 2021, 10:39:04 PM
#11
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.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
December 26, 2021, 06:57:38 PM
#10
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.
legendary
Activity: 2506
Merit: 1394
December 26, 2021, 05:42:59 PM
#9
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.
hero member
Activity: 2730
Merit: 632
December 26, 2021, 03:00:16 PM
#8
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.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
December 26, 2021, 02:03:04 PM
#7
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.
hero member
Activity: 2114
Merit: 619
December 26, 2021, 02:01:20 PM
#6
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.
sr. member
Activity: 2366
Merit: 332
December 26, 2021, 01:56:59 PM
#5
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 26, 2021, 01:47:12 PM
#4
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.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
December 26, 2021, 12:40:31 PM
#3
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.
hero member
Activity: 2954
Merit: 796
December 26, 2021, 11:43:18 AM
#2
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.
copper member
Activity: 1470
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Bitcoin Bottom was at $15.4k
December 26, 2021, 11:34:49 AM
#1
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!
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