Forex Trend Indicators for the No Nonsense Forex Algorithm
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- Опубликовано: 19 июн 2024
- Finding trend indicators is easy. Finding GOOD trend indicators is not. In this video, I show you how to narrow this search down to make it much, much easier. The No Nonsense Forex ALgorithm relies on finding these types of indicators. This is the Confirmation Indicator video for all of you who are searching for it.
This is the No Nonsense Forex Algorithm part of the series. There area handful of parts, each with their own video.
We feature indicators I don't use, but are great for showing examples. These include
- Rate of Change indicator
- Supertrend (AKA Super Trend Indicator)
- Aroon Up and Down
- Parabolic SAR
Blog For This Video -
nononsenseforex.com/indicators...
Blog For Podcast Episode 9 -
nononsenseforex.com/forex-q-an...
Reversal vs Trend Video -
• Forex Reversal Trading...
Daily Chart Podcast Episode -
• Which Time Frame In Fo...
Risk Video -
• Forex Risk -- A Struct...
ATR Video -
• The ATR Indicator Is T...
Recommended Crypto Trading Platform (Bonus and Contest Eligibility) -
nononsenseforex.com/cryptocur...
Blueberry Markets Blog (Top FX Broker) -
nononsenseforex.com/uncategor...
Markets.com Blog (Other top FX Broker)-
nononsenseforex.com/uncategor...
US Residents Go Here (Top US FX Broker)-
nononsenseforex.com/uncategor...
If you have good places to find indicators, feel free to post them here for everyone to see. No spam. I'll find you.
Maybe IML :D
the public library indicators from tradingview
@@lucapuzzoli8363 thanks, that's a good one ;)
There are so many different courses for Forex and binary trading out there! What makes yours stand out, other than your channel name?
And it's the same strategy you use for binary?
I cracked the AROON up and down for entry!!! I use an SMMA and MACD to measure corrections. And yes.. FIB extensions to take profit in a timely manner. Most moves end up being around %1.5 - 3% trades with a 70 percent strike rate.. Most losses never hit SL because of exit indicator (also AROON). Thanks no nonsense for this approach!
Which settings do you use I'm struggling with mine
When you say measure corrections, do you mean early exits when the trade goes south?
I’m constantly revisiting these videos blogs and cast . Results have improved but still perfecting. You must PUT IN THE WORK. Great stuff VP
So what did VP do except telling you to do the work?
We are a group of learners from Pakistan religiously following ur videos, noting down every small detail and asking others to follow. We were jumping in the sea, but the channel made us realize that we were not ready. Great job. Loving ur slow and steady approach.
Tell everyone I said "hello". All the best to you guys.
Hey VP, I have watched almost 100 videos from your channel and I'm determined to put together a winning algorithm. Thanks for sharing
Have you found any SUCCESS??
@ashish rajput probably quit before getting results or he just forgot trading
@@DMob-yu7cpagree
Absolutely Brilliant video, Thank you VP... I've been learning/studying how to trade in the FX market for just over a year. The outfit I'm with... "was with" Never once came close to explaining anything about indicators, let alone what to look for in a good one, all they did was show me how to use a couple and that was it..... So many freaking scammers out there, sickening....
The last two weeks I’ve been waking up and testing, going to work, coming home and testing. Video games have completely taken a back seat, this is so much more fun!
haha you'll be surprised a lot of gamers are traders..I don't know...I guess i takes a certain kind of mindset..yeah for sure man..get good at this and unwind with video games..since i don't have time..i'm catching up on VP videos in my spare time now..so I completely get you
Let us know if you find something good
Ty...so much!! It's like you r declaring that the emperor is not wearing any clothes, which is what many of us newbies suspected but were discouraged from believing...You teach folks that it's good to use their own deductive reasoning, and using that plus some elbow grease, they will have success.
OMG! I once thought this channel was less-educative few months ago. Then, I was just starting with forex and looking for the holy grail indicator to start making fast money. Now, it is my number one channel in forex trading. I really appreciate the guidance you give in choosing the right indicators, it makes me feel in control of my trading development
Yo VP I just started watching your NNFX series like a week ago and really feel like my eyes have been opened to a entirely new no nonsense type of trading. I appreciate you stepping outside the box to create straight "killers" in the market! I aim to be one of those "killers" in 2020! Like you always say "Go get it!"
VP! Love the content brother! Been watching all the videos, haven't quite got to the podcast yet even though I have already subscribed to it. I dnt know when I will be comfortable to start trading but, when I feel like I have learned enough and kinda put something at least close to your algorithm ( hopefully I'll eventually learn the whole thing, fingers crossed ) together then I am going to dive into a demo with confidence! You absolutely have the best content I have come across and you are so so nice to teach it and help people have a chance at changing their financial situation. You are the man, VP!!
In fact you are a generous tutor. You give a slight guidance and insist us to Research! Thank you.
Bro i just want to thank you.. through watching your videos I've gained some great insights and my system is looking a lot more promising.. thanks so much for taking the time out to make these great videos.. exciting times ahead.
No matter how hard i try to deviate from parts of your algorithm, mostly about the timeframe, money and risk management, i always get back to yours. You are absolutely right and i think if you have the right tools, you will never want to wast your time on other things. Many thanks to you VP.
Navid Khodavandi absolutely second that!! 🔥🔥🔥🔥🥂🍾
Thanks @VP #KnowledgeIsKey
Love it when VP says " when you have it you will have it forever" ,,its work , work and just work
@No Nonsense Forex I just saw this video and it's awesome! What you call "chart indicators" are known as "overlay Indicators". Loving everything you put out, thank you for sharing your hard work with us, you're changing lives.
Glad I found this channel, invaluable information, indeed.
I started the process of learning to trade around 6 months ago and I have been interested in forex trading, specifically, for around 4 of those 6 months. This information definitely has helped me get my footing, and I find it good that you do not focus on trading strategies, like so many of the other trading channels I have found do, but you delve in-depth into money management and risk management; which is where I was falling short a lot of the time. These two factors are, in my opinion, the most important parts of becoming a trader, in any type of tradable security.
Great channel, keep up the good work, and greetings from sunny Scotland. 🏴👍
Another benefit to backtesting indicators a couple of years back - you get to see which pairs historically have longer trends.
This vid has so much substance in it!!! All of those nights of getting up at 2 o'clock and having to be work at 6 when THIS could have been in my life....
Shitty jobs are gifts. Such great motivators. People with comfortable jobs rarely become pro traders.
Thank you for doing this. Makes the struggle a whole lot easier! Have yet to find a confirmation indicator that beats Aroon. Your content is pure gold
FTLM-STLM ok, not without its charm
Thank you so much for all you're doing! Can't wait for your book to come out!
Very well said! Play with settings and get rid of noise
always good to come back and refresh my memory...
This has helped shave off so much time going through the lists of indicators, within half an hour I went from page 1 to about page 6/7 because they were full of indicators that I can't use lol
Hi VP Your strategy with MACD closely parallels Ichimoku where the cloud is like the zero line and the tenkan and kijun crossovers are part of what to look for in entering a trade bearish below the cloud, bullish above.
Love your channel keep up the good work!
I admire your kindess and trying to educate people. Is a saying " give a man a fish and you feed him for a day, teach a man to fish and you feed him for a lifetime ". I hope i will come back later in life and just comment on a video of yours that " Hei i just found my own algorithm and im proud of me " I hope i find it and i hope i don't forget to comment, hahaha.
The best professor EVER! I'm going to meet you one day!
Very good mate, thanks for the video! great and fresh approach, subbed
Only found your channel a few days ago and I must admit it's one of the best and clearest tutorial channel I have found so far. I trade mainly Crypto market but still found your advice very helpful. One question! would you recommend the William Alligator trend indicator to use as my main trend indicator? Many thanks for all your tutorial videos and Podcasts. I look forward to your future videos and podcasts. Ken
The Aroon is one of the first indicators I'm trying in my first demo account. What I'm finding easy to read off of it is both the trend and the strength of the trend based on where the cross is (I would venture to say a long signal would have to be both an up ove down cross and up is above 50). Maybe feeling good just because it's early days.
I have top top indicators...Good luck everyone in finding yours. No Nonsense help my journey. It took a while but it was well worth the work.
That's what's up
I have waited to watch this because I’ve been going through Podcasts. I’ve blown it a few times and I’m ready to do things correctly
very interesting videos. watching this playlist for the 2nd time. Thank you for sharing your knowledge VP! God bless.
My number one focus is ALWAYS on risk which the ATR has helped a great deal for setting my TP and SL.
I also prefer to use a combination of an MA with an oscillator for confirmation for entry and I never, ever like to rely on just one indicator with my trading. Would like to see more suggestions from other followers though.
VP, it’s a damn shame that so many people will remain stuck in the Matrix and defend a way of trading that only blows their accounts. If it was not for your video series and NO BULLSHIT way of teaching I would not have the confidence that I do today with my trading. Thanks again !
Lol love some of the comments.. if you found nothing here useful then you read the pages not the words.. im finding VP quite amusingly ironic.. and he is actually giving you the answer if you are willing to listen.. love the content man
Thank you for your advice vp. Watched almost all of your videos. Very good info. Quick question: during your search for indicators, did you also research the underlying principles and how the formulas are calculated in your search?
Hellou, VP and everyone else! I just have a question, so I tested i-Gentor CCIM as a confirmation indicator. When I tested CCI with only zero line it's not to bad, actually pretty good to determine good long trend and with good volume I avoid false signal which was really small loses with zero line, not using line as usual 100 and - 100. From my perspective modern CCI with only zero line is i- Gentor CCI really good one if I tested with zero line. If you please give me information about this message. Thank you VP for this amazing knowledge in every video.
I find myself re-watching some of these and then reading blogs again. Then I start wondering...is VP hiding fun little hints in his blogs? The link to Renko sent me down a rabbit hole! Having some fun down there but still trying to wrap my head around the theories involved. Deep down the rabbit hole!
Great Video as always and had good success so far with modified versions of FOSC and RVGI
Rvgi is great testing fosc now. I've always liked the flow of setting 11. Thoughts?
Thanks VP. For me, Aaron (setting at 20 periods) works fine , not too fast, not too slow. Filtering only the 100% up or down avoid most weak signals.
Use Aaron setting at 200 like ema.... In 30min. TIMEFRAME if you want 👍🏻
Trying to teach how to fish But not feeding fish!!, I can tell U are profitable, the way u talk about volume Indi....says it all...great stuff by the way...thanks.
If there is one major thing I have learned from trading forex, it is that you should find your own way. Much of trading is psychological and what works for one person doesn't for another. I have seen some traders do very well off what is railed against on this channel. People love to tell you trading is impossible and you will never achieve success unless you go their way or method. It's like anything else worth doing. The more you learn the better you get if you can discipline yourself to apply your learning. Also, never buy anything from anyone who can not do a live trade demo for you or show you proof of their trading success.
Can't wait to find the needles in the haystack and combine them 😊 .... Thankz for the video vp 💜
I absolutely love this channel. I'm so glad I found it.
OK, Mr. VP whoever you are, I'm sorry for my start but some times I feel that I wonder why you make it difficult and easier to us or probably me, but deep inside when I think of the benefits, might worth it hoping to find that piece of the puzzle or pieces of puzzles that could change my life and all those beside me and around me, I've been watching your videos for about a month now not all videos I've gone through yet but on the road and sometimes I fall apart and like the snake and ladder game that will pull me back to the ground then go back to your videos and dig in the ground trying to put all my concentration and testing on all tools to figure out the best that would work. After all this, I can't say anything more than Thank you for at least sharing your knowledge and experience in trading Forex, I hope One day, I will owe you my friend.
Can't find the exit indicator to quit watching your videos, all my indicators are re-entry, confirmation, and continuation to keep watching your material till the very end!!! Love u man, By the way, I'm only 1 month in Forex trading training and still under demo... Don't want to rush things. I wish one day I personally contact you and travel where you are just to tell you: thank you. Hope this day will come whatever it takes deep from my heart
I've found that you can improve results of trend indicators by stacking two identical indicators with a longer lookback for one, and shorter lookback for the other. Use the shorter one for "potential" entries/exits and confirm with the longer one.
Thanks again for providing all this information. Superb content !
Brilliant! The search is where we build our confidence in our ability to differentiate between indicators and utlimately build our confidence in our own algorithm. This is what separates VP from other places who give you a system. You miss the confidence building part!
The CCI can also work for trend indicator IF YOU CHANGE SETTINGS , REMOVE the 100 lines an add a 0 line.
When lines is above 0 line go long, when below 0 line go short. (Not the best but can give you some good entries and exits)
William Harmse have you found a better one? I saw your rsi and it works great for me
Simply wanted to say thank you :) From a single mom who's so damn tired of working and missing out on life I'm beyond grateful to have come across this life changing channel! See you at the top eventually :)
I just found him so looking forward to living my life not stuck on charts. Stay at home mom of 2 here too. Hope it’s going well with your trading.
Hi VP, hope you're well and thanks for the videos. In addition to the 3 types of indicators you mentioned, can histogram based indicators also be worth looking at? I've noticed a few that seem to do well-ish
Make so much sense watching this. At least you telling things dont always work.
Most of the materials out there totally suk @ss telling how wonderful the dirty dozens are with the nice trending, only to have indicator below pointing the opposite. Yet they got the cheek to say, looks everything working out great.
VP the fact the what you teach the opposite of what everyone else is teaching just by looking at the failure rate of this business i take your word 100% Best trading channel ever! i find all answers in your videos!!!! great !! keep them coming!!
just in the middle of loosing trades chasing fibbonaccis and news i met a video called big banks and thats after i watched two hours of a lecture from mark douglas,the video big banks was a confirmation that i was in the right channel,thanks vp,am a trader now and a high consumer of your content,from KENYA with love.
'knowledge is power and power can save you"....
Kenya quietly keeps killing it.
Probably my favourite video so far. The way you have made me change my thinking and to tweak settings etc til I find the right one. 🙏🏾
Got 8 months till I'm 18, with this video i have hope that I will be able to start trading like full on by then (already been trading for 4 months on a demo)!!! Thanks so much.
Also, i trade using trend continuation and price action. Never have found a reliable indicator that i trust except for 200 EMA. Keep it as simple as possible. I never trade below the 1 day timeframe.
i'm literally going through your vids from the first one. gonna watch all 160 + of them, hidden gems in every video. Imma buy u a car VP.
Finna cop Vlone when I master fx
@@Wifistaxx bruh thats on god! and some bapesta's
Me too I started yesterday lol I'm dam near getting ready to cancel my membership with this one fx group I'm in
Jumpman Jxhnsxn real shit 🤣
Thank you! I greatly appreciate you having us do our own work. It really motivates me to become a full-time trader one day. These pointers that help us know what to help for are extremely helpful when conducting my own research THANK YOU SO MUCH.
*look for
Pure Gold!!! Thanks VP! :-)
I just discovered you always said "Chicken Money Flow" only for me to see that its Chaikin Money Flow. Your sense of humor is freaking no no nonsense. Lmao...Jeez...was already looking for Chicken Money Flow
omg :)
LOL
Finding a no nonsense forex channel itself is like finding needle in haystack.
Welcome.
@@NoNonsenseForex please how can I set a zero line do I just have to put a horizontal line in the middle?
@@nathaniel205 if it does have that setting then the is no way to put a zero line
Great video. Thank you so much VP
You’re the best channel on forex by far. You have changed my life and the way I trade. I know the channels gets a lot views but there should be so much... and I’m sure there will be. I’m blessed to have found the podcast which lead to this channel and the blog. Thank you VP
Try to change the long from the Aroon from 14 to 5 and will be more accurate 👌🏼
Sometimes I would like to split my self in 10 to try different strategies 🙂
Use robots
use bots paper trading. haven’t you heard?
Yes but how many of you truly found the holy grail? None!
@@Jero2012DIY there's no such thing as holy grail..
Awesome, Thanks for the great work!!
Well....i am trying to find some realy good indicators, now i know what i have to looking for. Thanks for that😀👍
Also if anybody feels like they’re ‘stuck’ when backtesting, make sure your going back 10-11 years per currency pair and then you’ll see the true result....don’t focus on being profitable on every single pair, focus on being profitable overall! This is what held me back for a while....remove your ego from backtesting first before you move forward!
I’d say get profitable on at least 20 of the 28 currency pairs over 10 years each and you have a winning formula, and also DONT apply for a prop firm until your trading metals/crypto/ETF’s as well, this is because you need the best chance of getting hired and and if you fail to meet there requirements it can be expensive due to fee’s etc, make sure your the best you can possible be
you do not have to go so far back to see if something works, that is looking for possible times it could or would work. a good one is most of the time one were you can see in an instand if it is a good one or a failure.
@@Vievhyperactief you are both right IMO. If it ‘looks good’ just from looking at it then go ahead and backtest. If it looks like a complete mess as soon as you put it on your chart chances are it won’t do well in back test either in my experience. But you defo need to a big sample size of backtesting to confirm it’s win rate, and the more data the better
Hi, Sir, Seen ROC Indicator in this video. And you said play with the settings. I have set this ROC indicator on 34 & using Heikin Ashi candlesticks chart. It is giving me better results on all the time frame. I also used this on Commodity & the results are the same.
I can stay longer in the trade & exit with good profit.
Can test it on your side? So that my errors can be noticed. I have tested it on Indian Index & stocks. Index like Nifty 50 & MCX Crude/ Gold / Silver / Nickel also.
Thank you for sharing lot of information. I have seen lot of videos in playlist. They are awesome.
Thank you.
Can you please share Roc indicator
@@kjaya1987 you can download roc indicator here: forexindicatorsdownload.com/roc/
Momentum is doing quite the same as the Roc but with the 100 instead the 0 :)
I been doing some back testing with the aroon. I think youd get more consistant wins if u trade on the lines separation rather than convergence
Am I looking for 1 indicator that has all these 3 characteristics? Or a total of 3 indicators? Please help. I'm very new but i'm following this step by step process. Thanks a lot for your help.
Ill go get it VP!! Thank you for this amazing channel. Keep up the great work bro! I have fallen the trap of paying the Forex Trader Imposters, just to take my own account down with their teachings. No more of that. You are that needle in the haystack.
@No Nonsense Forex I have checked all of your videos except your podcasts, my question is in regards to the "success rate" percentagewise of indicators after conducting a "manual" win/loss ratio backtest and forward test, if I remember correctly the "confirmation" indicators should have at least a 60% and upwards win rate, what about the Baseline, the Exit indicator, and the Volume or Volatility indicator?, you mention to use indicators that are complete "killers" what is their success rate?. Lots of indicators are in the 50-60 % range, I feel having some notion of this type of data can substantially help in saving time scanning for good indicators.Thank you.
Whichever indi is at the core of your system, the one you're going to build around, aim for 60%+ there. Use the rest to make it better.
@@NoNonsenseForex Thank you very much VP really much apreciated.
Hey big boss, just me thinking maybe these indicators arent the best but if used in pairs that big banks dont tend to alter to much would they have a higher success rate?
Thanks VP but after reading the video and the blog I still have a question - After my take profit is hit and I am out of "chalk it up" period if C1 goes the other way do i manually close my trade instead of waiting for my exit indicator to signal or for it to hit trailing stop
I know you hate this one, but CCI on 30 close, enter trade when candle closes over the 100 or -100 for the second time after it has not touched the zero line between the first and second break, 3 candle double breaks don’t count, and enter trade immediately if the trade touches 200 or -200 on first touch. It does not get you into every single trade it could, but it has about 80% winrate on my backtesting.. 12 pairs so far
However you get there Martin, that's all that matters. Episode 24 of the podcast talks about this.
Ive noticed good results with these settings when entering a trade on a 0 line cross. Then once its crosses its 100 or -100 line respectively it confirms the trend. Also gives exit signals when comes back below the 100 & -100. Thanks for sharing
Its not about whether u right or wrong. The important thing is how much money you lose when u are wrong and how much money you make when u right.
Very useful information video. Thank you, sir.
Boy oh boy! I have so much to take in!
Amazing video as always! ❤️
Found this really cool indicator called the XO indicator, pretty simple green bar above the line tells you to go long and the red bar below the line tells you to go short. It's simple and kinda accurate
back testing xo indicator, it works pretty well.
Hi, I find your videos super helpful as a novice. I'm wondering... what indicators could you use to spot big bank activity? To spot setups designed to knock the popular guys out. Or is this something that is self-evident?
set atr to 1
The process you just described is in essence optimizing the parameters of an indicator, analyze the results applying it with simple strategy and do it for a lot of indicators. You can do this automatically for a bunch of indicators and then compare the results, am I right ?
Love your vids, learning a ton.. I'm about a week in to Forex.
Prepare to lose. Treat it as your tuition fee.
How is it so far?
Win by not losing. Very interesting philosophy.
thank you so much for the information that you give us to be a better traders,i really appreciate it, something that it works for me most of the time, and i wanted to share with you guys, my eyes are my first indicator i make sure that the price is above sma200 than i draw my support line fron left to right ,the lower price in few days behind from the price at the moment than , i wait that the price crosess my support line below and than i make sure price go back above support line and i place an entry price long, for me that means that the price doesn't wanted to keep going down so i buy for long entry and than i place an stop loss order below my support line in case price doesn't want to go long i do my risk management like that , i hope you understand what i mean again i really appreciate all the information you give us in all your videos
thnak you soo much you are so right no one is talking about these opinions
after trying about 2 dozen of them, so far the best onee i found is a madrid ribbon + psignal slope trend with a dmi. still refining, but tis is my best combo so far
You got a long way to go, but congrats on finding a few this early. Most ppl don't.
@@NoNonsenseForex please how do I set a zero line do I just have to put a horizontal line in the middle of the indicator?
I backtested this Aroon Up and Down 3 years with default setting of 14 and tried 21 and also tested only taking signals above 50% and 70% horizontal lines and my results were nowhere near ~60%. I followed the instructions you gave with green bullish and red bearish (although my default color was blue not green). With many more indicators to test ahead of me I really want to make sure I got the logic correct on this. What am I missing? When I dig online to find explanations of this there is a lot of conflicting info due to the 3 variations you mentioned. I'm almost to the point where I'm going to buy Chande's book. Please help and thanks for all you do!
find a different 2 line cross indicator, try a DIDI indictor. VP mentions aroon up and down is not that great, even though its top 100 does not mean to go and use it. Looks like you did some testing on it and it did not give you great results which indicates that you should go and test others that perform better. You got the logic correct on the 2 line cross indicator, if there is a cross and red goes up its a short if there is a cross and green goes up its a long. It gets frustrating sometimes when testing, what i do is stop for a day and take a brake.
I personally find the Aroon up/down to be an extremely good indicator with the right settings, the signals have proven to be spot on for me, especially if there is confluence across the algorithm. If there is no confluence I simply don't trade as there are many pairs to analyze and there's always tomorrow. YOU DON'T NEED TO BE IN A TRADE, you cant force an indicator to work, cant will it into a trade and expect a positive outcome. Backtesting can inadvertently cause you to misunderstand an indicator and not see the whole picture because you test them in a trade you normally would not have taken and vice versa, meaning... did you back test the Aroon all by itself? or did you test it as part of your whole system? It makes a difference. Did you forward test? Also I don't know what horizontal lines you're talking about. As for the 3 variations? Aroon Up/down is Aroon up/down. Don't use an Aroon that is NOT ----->Up/DownWithout blatantly telling you what settings to use, don't use the default one, and "21" was even worse, it will get you in/out of trades too late which can cause pip loss from not gaining as much pips as you should have, and consequently cause you to lose pips you've already gained. granted you're in a winning trade. I wish you the best.
Hi VP. A quick question please. On back testing an new indicator with an ATR you said check what happened first, ATR value win or ATRx1.5 loss, to mark it win or loss. My question is how do U know by the daily candle what happened first? It shows sometimes it hit both. Any other way? Thanks for the great channel
You can drop to a lower tf and see how it went.
Thanks a Million, you r a god sent. u r Awesome.
Does this apply to crypto as well? I'm a new to this so I thought I should asked you this question and I hope I will get an answer. Please don't be upset if I asked a dumb question. Thank you :)
It absolutely does
@@NoNonsenseForex Thank you so much
I suspect EMA’s will find a spot in that algorithm. 😎. Thanks VP. Bloody love this channel.
maybe Exit Indicator :)
good one, and the vp's like tells something
@No Nonsense Forex what should one do with low win/loss ratio (40-50+%) confirmation indicators that have a very good "ROI"?
Another great video ! Tanx
Your stuff is smart. Did you list the 50 usable indicators anywhere or must we find and test 2000 indicators? It would be real cool if you did, Thanks for your ennlightening work.
It would not be cool, because people would just blindly use them and still find ways to fail. I teach people how to become self-sufficient. And it works a lot better.
@@NoNonsenseForex Fair enough it's your channel mate!
@@NoNonsenseForex BTW those who are bound to fail will fail in any case even if you hand them the source code of your algorithm. Just look at most lottery winners. They are broke next day. It's nature. I show people how to fast to improve their health and lose fat effectively and permanently (for free, though I do not recommend doing things for free if it's one's source of income) I don't tell them to try every method and decide the best for them, I guide them away from calorie restriction which I know is a waste of time and bad for health and away from fake supplements. Your dirty dozen video was very good even though I have found ways that some of those indicators are not as bad as portrayed. That said it might be educational of you to say why the 1950 useless indicators are useless to you and what common features make them useless. Repainting for example...
The big big reason why some of these confirmation indicators will prevent you trading (or staying in good trend) when big banks are stepping in:
For example during a strong uptrend, there will be small pullbacks. That's when the crowd starts to be extremely net short (They thought they catched the top). And boom big banks come in and take price violently upward. A good confirmation indicator would stay long during this period.
Well said!
Hey guys newer trader here. When backtesting these indicators for viability, am I to take an approach similar to VP in the video by looking for the signal and comparing it to the chart in hindsight or actually use candle replay and test it as if it were live?
what vp is doing is back testing, what u say is a forward test, in my opinion is better forward testing than back testing, but backtesting is useful not to loose time forwarding a looser indi