It was just my understanding of what CP may do with his indicator. The two solid lines have different lookback periods. And for each of both lines I've calculated imho the SMA(15) of the solid lines (dashed lines).

How to properly use indicators

The question still remains if it is enough to use 1 reference point. You need at least prize as a second reference point. Here you have your moving reference point . Is the reference line along an edge? I mean, do we really have a higher chance of ...

How to properly use indicators

Voila! However, I don't see why that should be superior to using common MAs. MAs just give the average prize over a given period. Why should be the average of the last, the two last, three last, etc. candles be more informative than a constant ...

How to properly use indicators

Why? Because I haven't fully understood how this works. I first like to understand everything before I trade ... Here's my interpretation: 1. We either buy or sell (random decision). 2. If prize went far enough the other direction we keep the trade ...

(binned per thread starter's request) The Monty Hall Problem appl

A year ago I startet looking at the difference of down/up path where the up path is high-low for up candles and down path are the sum of wicks for up bars and vice versa for down bars. I ended up with a nice oscillator, however then again the ...

How to properly use indicators

I stopped trading with common indicator on common TFs a few months ago since I first will fully understand how a better system may be constructed. I would filter out probably bad signals*. However, that all depends on the quality of this tool. What ...

How to properly use indicators

Thanks for pointing to the thread/post. Will definitively read it!

How to properly use indicators

That's what I try to do. Thanks for going back to the original idea of that thread. Often when I enter on retracements they turn out as reversals. The question is, how to spot/quantify/identify the potential of a retracement going back to trend ...

How to properly use indicators

One more question, @MoneyZilla: Do you know which indicators that guy uses and would you reveal it?

How to properly use indicators

That would imply that the 92% win rate you mentioned in your previous post can be only achieved with the exit plan and MM. Thus, that guy seems to be really BIG and thus can sit on bad trades (accepting the DD) until prize reverses ...

How to properly use indicators

That's cool. Would be great if that trader would contribute here ... Even after 5 pages I haven't seen any proof for either side - indicator trading gives an edge/indicator trading gives no edge. Maybe I should visit that fellow countryman. ...

How to properly use indicators

As a scientist I can only proof statements wrong. I can never verify it. Maybe I'm not able to negate CP's statements because I don't know everything how he uses it. Maybe he is a scammer - who knows? But as long as I haven't seen a real proof that ...

How to properly use indicators

I know that the thread isn't active anymore. However, I'd just like to add an explanation for why the Monty Hall problem may be applicable to forex. From my own research and statistical understanding I know that at each time the probability for a ...

(binned per thread starter's request) The Monty Hall Problem appl

So, at the end of the day indicators are malicious (or at least neutral)? I just wonder since the same logic applies for markets. Example: Buy if the last candle was green, sell if it was red. I guess that the outcome is nearly the same. So is it ...

How to properly use indicators

Is that scenario the way you always trade? Or do you just pick one direction during other market conditions? And is Mingary's "Monty Hall Strategy" related to your style of trading? Quite interesting ...

How to properly use indicators

So you mean he fools us since older posts can't be edited? Thanks for your attentive eye ... However, maybe that time stamp relates to the date of the post (if not different)?!

5 years and still no strategy

I agree. However, you show a very strong trend. In reality you'll have less opportunities/more losses ...

How to properly use indicators

I don't see any links to probabilities. Maybe you may elaborate on that ...

AMAZING Strategy!!!

That's the reason why I nearly stopped trading with technical indicators since I first like to fully understand it. BTW: It's really pity that you delete all interesting posts

How to properly use indicators

Thanks a lot. Everybody should read Old_Dog's thread. I found it a few years ago - very inspiring and very good explanations. Now I think it's time to read Spuds Stochastic threads.

How to properly use indicators