How to choose the best combination of Forex indicators

The goal is to pick the best indicators set. The challenge is to combine indicators in a smart way. This means that indicators should deliver different type of information about the market and confirm each other rather than duplicate signals.

When two or more indicators provide identical information about prices, it hardly ever helps trading better; and while Forex traders call it "signal confirmation", it is in reality could be the same type of data, and should be called "duplication", rather than "confirmation". When money is at stake, the problem becomes serious…


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  • Dorian

Hi. My name is Dorian. You have a great site, but there are no dates. I can't tell if I'm commenting on something from 2007 or yesterday (it's Oct. 11, 2011).

Anyways, I'm wondering if you know how I can program MT4 (or if there is already a script for this) to perform a Backwards Moving Average indicator? I'm looking to obtain the average price movement over a period of time from the present, backwards to another given point in time.

Much obliged for any info you might have on this. Thanks. BTW, if you do have info on this, since I'm not sure I'll ever be able to find your response, kindly send a CC to doriangreerATmail.com

 
  • trader

This site is excellent and exactly the instruction I was looking for in setting up my first trading system.

 
  • trader

I really love this site

 
  • ERNA

i am looking for HMA indicator but it seems that i can't download it from anywhere. please advise on how if anyone knows.

ERNA

 
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