Hi there,
I was thinking about making strategy with technical analysis tools like indicators (ex.: ATR, Pivot Points, Williams %R, etc.). But further i was diving into the topic, the more i found that there is no point in setting up one perfect value of an indicator for given market but dynamic searching of such setup. Imagine you had for example 5000 last candle data on EUR/USD 1 min. timeframe and you want best setting of an EMA cross for entries and exits ... simple exits based on reversal of EMA cross. There is simple way (and very quick ;-) ) to find best profitable indicator setup for such EMA cross, but....
My question is .... is there anyone who has tried to adjust indicator settings in such form and how this will act in a situation where every new completed candle is added into history indicator setting recalculation???
I am a newbie in FX trading so i am sorry if i am asking stupid question. Thanks.
I was thinking about making strategy with technical analysis tools like indicators (ex.: ATR, Pivot Points, Williams %R, etc.). But further i was diving into the topic, the more i found that there is no point in setting up one perfect value of an indicator for given market but dynamic searching of such setup. Imagine you had for example 5000 last candle data on EUR/USD 1 min. timeframe and you want best setting of an EMA cross for entries and exits ... simple exits based on reversal of EMA cross. There is simple way (and very quick ;-) ) to find best profitable indicator setup for such EMA cross, but....
My question is .... is there anyone who has tried to adjust indicator settings in such form and how this will act in a situation where every new completed candle is added into history indicator setting recalculation???
I am a newbie in FX trading so i am sorry if i am asking stupid question. Thanks.
