Quote:
Originally Posted by dznmrd
the plain hama pad looks better than z3.... too many indicators then it gets more complicated and harder to earn pips  |
That may very well be true, dzmrd. Pips are still being made by it's users as a stand alone or with some other confirming indicators. HAMA PAD is simple and with proper timing of entry, you can, like you said, earn good pips. This simple approach is actually 2 parts, the HAMA and the PAD. What seems to make Z3 look complicated is simply an expansion of the PAD - price, area, direction. The HAMA is built into it. The rest are visual tools.
From simplicity, comes complexity then to sophistication, as one becomes skillful in observing the market and trading his chart accordingly. As trader gets to his optimum trading potential, the light comes on and says: AHA! IT IS SIMPLE, afterall.
So, I just complicated the simple answer to your simple question. The point is, stick to what works best for you while the same time refine your trading skills from there. But what the heck, for 20 pips a day, who needs all that. You decide!
ENJOY!
fxcruiser