Quote:
Originally Posted by vicebet
all these indicators are 50-50 signal.. i cannot see how it can be profitable long term after backtest..
Reading IBs is another thing.. on a slope type situation if IBs formed on the slope at times not effective...In the end is all 50-50...
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If you, plot analyze & execute any indicator in the manner to which most users trade them, then I agree they are completely ineffective. Typically, the way in which a popular oscillator is observed & utilized by the masses offers nothing but pain & grief in the long term, particularly via a micro timeframe.
However, if you've read the guts of this thread (along with the LIVE thread) you'll realize that this strategy uses support/resistance guages in tandem with divergences. The inside & outside bars are merely the trigger.
The use of an oscillator, particularly when it's observed during pullbacks to and/or moves away from supply-demand zone in the direction of a dominant trend flow, is a very different kettle of fish indeed.
It's all in the way you observe, interpret & execute.
These indicators (moving averages, oscillators etc) are not used correctly at all by the majority of retailers. In fact I'd go as far as to summize that 95% of them actually lose money consistantly in the process.
Re; Fib. retracement for GBP/USD trade earlier 2'day..
Linear Mode
