Hi. i have developed a personal trading system for myself and i require 1 to 2 confirmation indicators to filter the false signals out. do you guys know any good ones?
2 Likes
Hi, your filters could be anything, not only indicators, also you didn’t tell us anything about your strategy so don’t expect perfect answers 
Regards Greg
1 Like
The professor is right, confirmation depends on strategy.
To help as much as possible though there are maybe only two strategies, follow the trend or go against the trend. Moving averages help in both cases, price closing above/below MA or key levels, trendlines etc. can help.
Impossible to be specific without context.
5 Likes
It’s a trend following strategy. The indicators you introduce can be anything in theae three categories: Zero-Cross indicators, On chart indicators, Two Line Cross indicators like Stochastics. So name any good indicators you know doesn’t matter what the testing is on me.
It’s a trend following strategy. The indicators you introduce can be anything in theae three categories: Zero-Cross indicators, On chart indicators, Two Line Cross indicators like Stochastics. So name any good indicators you know doesn’t matter what the testing is on me.
Thanks. Most of my trades are trend-following. I look for 3 TA features - in uptrend - short EMA above long, few as possible weekly bars overlapping, and daily close above recent swing high. No indicators.
1 Like
Entry signals are secondary importance, but end of pull-back is good, or breach of fractal high, or breach of mother bar / inside bar high. Not critical if setup is good.
1 Like
Try to use ADX higher than 20 or more, RSI higher/lower than 0, Moving average with high value like 100 or 200, Aroon lines above lvl, price higher/lower than bands
2 Likes
Hello if you know about the ADX it could be a perfect indicator for a trend following strategy. Try it with a period of 80 to 100. This should help
Do you think this could work for scalping on 5min?. I’m very new to trading forex but felt 7 period length to be pretty good on 5or 15 minutes. Please correct me if I’m making any mistakes. Thanks
New traders shouldn’t look to scalp on 5min in forex. You’ll get wrecked. Don’t go below 1 hour timeframe.
1 Like
DMI is better. I have tested DMI before but I’ll do it again.
Rsi is the worst indicator ever. DMI is better than ADX check it out.
Every instrument and time frame has the own specifications, so you can’t assume that “Rsi is the worst indicator ever” because you used it in small area.
1 Like
will do so. Thanks
DMI is the Demarker?
Just tell them you watching NNFX. go find the indis yourself, you wont find them in forums
Just use a higher time frame as your guide. Up trend on a D1 means Up trend in H1 for example. ???
1 Like
I utilise the 200 ma and the ADX to determine trend direction
Yes I think I can help you in this matter