Most Profitable Forex Indicator Known to Mankind

[#01]

I think the original question for this post is valid and worth serious discussion. However after skimming through a number of replies it seems like it got way off track.

Forgive me if what I'm saying here has already been discussed. I quit reading after the 15th post!

I've looked at hundreds of indicators over the years and have actually created hundreds of my own (with TradeStation, not Metatrader). None of them, and no combination of them really made for profitable trading.

Eventually I "cleaned up" my charts and just looked at just one indicator: the candlesticks themselves. I used the crosshairs to check support/resistance levels over various time frames, and I simply eyeballed the trend.

More importantly I used good money management ( lot sizing, or leverage, however you want to call it).

Also be aware that there are a number of types of "indicators"

the ones on the charts themselves are the real "indicators" (e.g. moving average)
the ones beneath the charts are called "studies" (e.g. RSI)

EAs (expert advisors) can be used as indicators, or for autotrading. Before you buy any EA you should spend a LOT of time learning as much as you can about the standard indicators. otherwise it may be intimidating or confusing when you first install the one you buy.

All in all, I think forex prices are driven more by the "accumulation of news" than by specific formulas (which are behind all indicators). So before you go live, get your news from good sources, watch how it affects prices, and get a feel for which news announcements have the most gravity.

It sounds like a lot of work. It is. But it also becomes second nature, given time.

This guy is on the nail with his recommendation!

[amirdeguzman]

If you want to know anything about FOREX feel free to send me an email at: [email protected] or visit our website: http://www.fxvv.com

[togotugu]

What is FXVV ?

[tz1244]

zulutrade traders ))

[tommy0921]

From my personal opinion, each indicator has its advantages and disadvantages. Therefore, combining several indicators to reduces risk is highly recommended. Try to some common first. From what I know, technical analysis traders spend hours per day to read chart. Have a look at this e-book. I just download it. Good content, easy to read.

[Dannyfx]

From my personal opinion, each indicator has its advantages and disadvantages. Therefore, combining several indicators to reduces risk is highly recommended. Try to some common first. From what I know, technical analysis traders spend hours per day to read chart. Have a look at this e-book. I just download it. Good content, easy to read.

Another great read.

[JPyro]

Another useless thread. I want to know what the most profitable forex indicator is, not a spammy discussion where everyone nominates their indicators that make them money through affiliate deals.

[JPyro]

This guy is on the nail with his recommendation!

Don't you mean he hit the nail on the head?

[FxTooth]

who the hell knows... many ways to skin a skunk

[DarkManFX]

Anyone care to answer which is the most profitable? Should have made a poll out of this one...

[Jones]

After reading through this thread I still can't tell what peoples' best indicators for forex are.