What is The Best Forex Indicator You Have Ever Tried

After 5 years of learning and studying indicators (approx 50 indicators), I feel I wasted my time, but I did found interesting discoveries which improved my learning curve and developing a trading system.

Firstly, there is not much of a difference between indicators. Whether it is an indicator or an oscillator. Whether it is measuring volume, momentum, averaging, etc… it still produce quite similar results. And, every indicator has its own flaw.

Examples of Forex Indicators and Trading Systems

• Correctly Identify Forex Trend with Renko Bar Chart and Momentum Trading System

High Accuracy Renko Bar Chart Trading System. I will tell how to Correctly Identify Forex Trend with Renko Bar Chart Trading System – You might be familiar with renko charts. These are simply boxes that are plotted when price closes an “x” number of pips above or below the previous close.

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This charting methodology differs from the more traditional candlestick or bar charts. So while you might find renko charts to be different in their appearance, they have a unique capability of showing you the trends as well as help you to easily identify support and resistance levels.

• How to Maximize Your Forex Profits with Step Moving Average Trading and Momentum System

Advanced forex – How to Maximize Your Forex Profits with Step Moving Average Trading and Momentum System. Forex trading is the most popular way to earn extra money from home this century, but people rarely know how to maximize its benefits and limit its risks effectively enough to achieve a success rate of 80%.

TOP 5 Best Profitable Simple Forex Scalping Trading Indicator, System and StrategyHow To Trade The Trendline-Channel RSI For High Probability TradesForex & Stocks TopTrend Magic MACD Trading Strategy [9524]MTF Trading System – Kaufman MTFMA Multi Time Frame Moving Average Trend Trading

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Step Moving averages (Step MA) smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction with a lag. Step Moving averages lag because they are based on past prices. Despite this lag, step moving averages help smooth price action and filter out the noise.

• Forex Fiji Trend Trading System with Solar Wind Joy and High Low Activator Indicator

Forex Maximum Profits System – Forex Fiji Trend Trading System with Solar Wind Joy and High Low Activator Indicator.  This is high profits and high accuracy forex trading system.

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The Forex market consistently attracts traders of all skill levels and strategies. This is probably one of the most advanced basic strategies out there. It is also highly adaptable, can be traded on any timeframe, any currency pair, long-term, medium-term, even scalping (although scalping is it’s least suitable use).

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Secondly, with new indicators getting developed (from simple to the very complex), I need an indicator that would be available to me at all times. What would happen to my trading if I don’t have any access to any indicators? I need to learn to trade without indicators. I need to understand the raw information by itself.

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Explanation:
Every indicator has its own flaw. The more indicator you use the more flaws you add to your system.

There is no magic indicator, no matter how fancy they look. The major flaw of indicators is not because it is lagging. The major flaw of indicators is that it can not calculate the randomness aspect of the market. Indicators can calculate the predictable aspect of the market, but not the randomness. That is the reason why it will never be perfect.

After years of comparing, learning and studying indicators; the results produced quite similar results. The only differences between indicators are very small margin of deviation… which lies between a given margin of tolerance. A moving average would produce the same result as your super duper magic indicator, give or take a small difference. (this does not mean to suggest that you don’t use them)