Recent while trading.I get confuse with this.
I use RSI(14)
Stoch ocilator (5,3,3)
EUR USD on 15M chart
and SAR (0.02,0.2)
But sometimes i see false signal at there.
Please take look of this picture.
Here, RSI is heading up.
In stoch its showing buy.But in case of SAR its showing buy trend.I lost some pips because of this confusing.Please help.
What is the best setting for 15M chart with SAR and stoch??
Thank you.
A friend of mine once asked, man I think my girl is cheating on me, I cant trust her, what can I change to make things better? Ditch her, I said. Same goes for you. By the way, how can you see the chart from all that stuff jamed on the screen? Or maybe you arent even lookin.
Salute.
Thats typically what happens when you add indicators, and ignore price. Take them off until you understand how they work, and how to use them.
There is no “best setting”, you might want to think about that, and do some testing to confirm it.
Well, i wont say ditch them outrightly, rather i would say you need more study to have a better understanding of how indicators work, how best they can be combined [and yes settings matters too], and how to apply them. You’ll also need to know how each indicator reacts on a particular time frame [this singular fact is what most indicator based traders ignore or are ignorant of and they end up with a poor performance].
Ideally, trading price action is best and u can use your indicators for confirmation purposes and timing entry and exit points.
Even at this, you’ll need to study how whatever indicators you choose reacts or work with the Price Action appraoch or method you choose to use.
In what ever you decide, one golden rule is that using too much indicators at a time on a chart will only lead you to chaos and more confusion than help you decide.
Just my 1 cent contribution. hope it helps…
There are so many “traders” on here who arent even “traders” at all… alot of the people in this forum need some serious education.
Firstly, why the hell are you zoomed in so close on ONLY a 15 min chart? how can you see whats going on when you can only fit 10 candles on your screen?
Secondly no one can answer your question as to why your system sucks because we cant see anything other than 10 candles on a timeframe that only shows relavant trends and price action for maybe 3-6 hours… i dont know about you but I like making LOTS of MONEY not scalping… if you like to scalp try stocks. This is a trending market.