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Author Topic: Which is the most accurate indicator?  (Read 11399 times)

Offline brite007

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Which is the most accurate indicator?
« on: September 30, 2010, 06:49:17 PM »
I am a forex beginner. Which is the most accurate of MACD in forex trading?

Offline Candlestick

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Re: Which is the most accurate indicator?
« Reply #1 on: September 30, 2010, 08:23:37 PM »
I am a forex beginner. Which is the most accurate of MACD in forex trading?

there is no absolute truth about it. Try nonlag MACD or something. They are all configurable and non of them is perfect. They can be helpful at times, but they are mostly used in EAs.

Offline cloudsifter

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Re: Which is the most accurate indicator?
« Reply #2 on: October 10, 2010, 01:28:11 AM »
Beginner?  You sure have been busy on other forums all around the same time to be a 'beginner', wouldn't you say?
http://www.extremesurfs.com/forum/index.php?s=1c772e679ae27ee09afad401bbc724b6&showtopic=38821&pid=292131&st=0&#entry292131

James

Offline 999cjb

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Re: Which is the most accurate indicator?
« Reply #3 on: October 17, 2010, 12:39:04 PM »
Beginner?  You sure have been busy on other forums all around the same time to be a 'beginner', wouldn't you say?
http://www.extremesurfs.com/forum/index.php?s=1c772e679ae27ee09afad401bbc724b6&showtopic=38821&pid=292131&st=0&#entry292131

James

I wouldn't recommend going to the website above. Google says it may host malware.

Offline mauibartender

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Re: Which is the most accurate indicator?
« Reply #4 on: October 27, 2010, 06:03:23 AM »
Everyone is different, and what really matters is to find what works for you.  I know, it's so cliche to a noob trader, but trust me, it will take alot of time and work, and you will eventually figure it out.  I wouldn't focus on indicators so much as new traders try to do.  An indicator may be used to help confirm or keep you out of a trade, but I am a firm believer in Price action.  While you probably wont be very successful trading straight from a single indicator, you can surely be a profitable trader using price action alone.  If I had only one thing other to watch myself, it would probably be pivot points.  Also, take a look at the 5ema, put it on all of your charts and see that once price starts trending, it tends to use the 5ema as a continuation point while the trend stays strong.  Good luck in your new endeavor of trading, and never give up!
Gabriel.Sallard (SkypeId)

Offline FXDave

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Re: Which is the most accurate indicator?
« Reply #5 on: November 04, 2010, 06:22:12 AM »
Actually it will depend on the current market. The market goes through various phase’s and different indicators will be more beneficial depending on the phase.....

..... accumulation, distribution, trending, range bound, high volatility, low volatility and various combo's.

These shifts are one of the most common problems with EA's and your choice of indicators---->>> they can not self adapt.

That is why price action trading using proactive & reactive support and resistance levels can potentially be very profitable. You the trader only need to adapt to the current market condition.

Peace....

FXDave
« Last Edit: November 04, 2010, 06:28:12 AM by FXDave »
"Absurdum est ut alios regat, qui seipsum regere nescit."

Offline JohnT

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Re: Which is the most accurate indicator?
« Reply #6 on: November 04, 2010, 12:29:07 PM »
no one indicator can be 100% accurate. The matter is that all technical indicators are based just on price data. Though provided with definite set of conditions, you can experiment to find MACD, which is sufficiently accurate in that conditions set.

Offline equityfx

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Re: Which is the most accurate indicator?
« Reply #7 on: December 07, 2015, 08:46:08 PM »
I can not say with confidence that any indicator is perfect or accurate in its reading.May be some time any indicator tell us accurately all about market , it can be wrong any time. Main thing is that we can not rely or depend on any indicator fully to get perfect results.

Offline talonsalina

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Re: Which is the most accurate indicator?
« Reply #8 on: December 28, 2015, 06:03:02 AM »
Nowadays, many people tend to use certain Forex currency trading software to help them in accurate Forex signal trading. The indicators are the technical analysis tools, which help you in understanding the movement of Forex prices. To be on the safe side always try to understand everything about the indicators before putting them into work.

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Offline drunkfx

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Re: Which is the most accurate indicator?
« Reply #9 on: December 28, 2015, 09:48:53 AM »
I think most accurate is MACD. It has simple algorithm of calculation and it just smoothes the price curve thus bear not much importance in trading. I just keep it as default in my Hotforex platform

Offline Profitable Trading

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Re: Which is the most accurate indicator?
« Reply #10 on: December 28, 2015, 04:36:03 PM »
no indicator is accurate. They are all lagging. However, from my experience, the strongest indicator signal is divergence. I trade price action, not relying on indicators for my signals.

Offline jakesgarland

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Re: Which is the most accurate indicator?
« Reply #11 on: January 11, 2016, 07:28:26 AM »
A Forex indicator is a tool that can help in the forecast of movements in different currencies. If you know how to properly use a Forex indicator, you would be able to maximize your profits and minimize your losses. I think MACD is the most accurate forex indicator.

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Offline Ganza

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Re: Which is the most accurate indicator?
« Reply #12 on: January 12, 2016, 11:42:34 AM »
Quote from: brite007 date=1285868957 link=msg=53397

I am a forex beginner. Which is the most accurate of MACD in forex trading?

No indicator are 100% accurate, since indicator formed from price datas
indicators are traders tools to help them making decisions,

and one traders can use indicator with diffrent style with other
for example EMA, some traders open trades when it is crosess. but some of traders, use it as dynamic support resistance  like trendline

Offline hybrid

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Re: Which is the most accurate indicator?
« Reply #13 on: January 15, 2016, 11:30:08 AM »
I will not suggest any specific indicator about accuracy . I think any indicator can be good for any trader or can show bad results some times so you should not stuck to any one of them .Different indicators show their best in different situation with different trading styles.

 

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