meanreversion
Senior member
- Messages
- 3,398
- Likes
- 538
Well the other aspects of trading that indicators fail to address are position size and exit point. An indicator is not a trading system in itself of course.
I spent several months testing many of the more popular indicators, e.g. MACD, RSI, stochastics, even Bollinger bands, and didn't find them to be of much use. That's not to say they can't be used, but I didn't uncover anything mechanical which was consistently profitable in a meaningful way.
I'm sure many people use them quite happily with a discretionary overlay. Or maybe they don't, seeing as how few traders make money.
Claire209,
Do not trust arabian.
I ordered a live hamster from him and it hasn't arrived yet.
He claims "it's stuck in the post".
Richard
There's a University of Gloucestershire?
yes, but it's not really a university so much as a very long running hoax.
There's a huge over-riding reason to use indicators to underpin a strat...cba discussing it though as this forum always descends into this type of polarised (done to death) discussion..
There's a University of Gloucestershire?
It's a former poly, and is affiliated with the Cumberland University of Newcastle-upon-Tyne.
Hi BS,
Why not start a thread of your own to set out your opinions in proper detail?
May I suggest kicking off with the creme de la creme of setups?
http://bigpicture.typepad.com/comments/files/black_swan.gif
No - black ducks don't exist, only black swans.
Fool ain't never hearda Anas rubripes?
Shiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiit.
Quit yo jibber jabber suckah, fo ah shut yo yap permanently. Fool ain't never hearda Anas rubripes?
http://en.wikipedia.org/wiki/American_Black_Duck
Fool ain't got the brains he momma gave him. Right on.