Many traders are looking for the holy grail of trading by applying dozens of technical indicators to their screen.
Unfortunately, instead of becoming the royal road to profits, most of those indicators are either providing the same information or generate contradictory trading signals which can confuse a trader and lead to whipsaws and losses. Finding the best combination of Forex indicators for day trading can be quite hard – a trend indicator says “buy” when an oscillator says “sell” and vice-versa.
However, by combining different indicators to different timeframes, a trader can take advantage of their strengths and reduce fake signals to a minimum.
Keep reading, and we’ll show you how to day trade with the popular Triple Screen trading system that uses both trend-following and momentum indicators.
Types of Indicators
Awesome. Thanks for the info sir.