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Originally Posted by codersguru
Hi there!
I agree that the most of indicators lie and the moving average (and its big family) is the least liar.
There's no simple system that can make pips by crossing two EMAs, SMAs or WMAs. System means no less than 4 indicators from different categories (i.e. trend follower, overbought/oversold, volatility measuring etc) confirms each others
If you go the right direction you'll make money, don't let the crossing of 2 moving averages alone telling you the right direction even it was the right!
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Hi
This is the mistake we are all making. Thinking that it is more safer using different gategories indicators. The point is; it does not make you any richer than a simple moving averages cross. Do not forget this is a highly volatile and risky market. 2 moving averages + practice can help just as much as the most colorfull system out there, that is sold for you and me for$$$$.