I see, it looks like BB trading indicator; according to my experience I seem this kind of indicator works on mainly rangy market, not on the clear trendy market.
I see, you have added so many strategies in this sector! Really impressive! But again, which time frame provides best result? It’s a very much important parameter to me!
Moving average is the most useful technical tool for me; since it describes the dynamic support & resistant levels so nicely! In my live chart I use EMA 200 and 100 for my swing trading system; I am not using this system as a crossover system but they help me a lot for filtering my entry quality.
Only parabolic? Frankly, it’s too much dangerous! No doubt, parabolic is one of the most popular default trading indicator! But, depending on only one trading tool is not a good plan, never & ever.
I see, this trading indictor is looking like moving average crossover trading system! I think, this kind of trading system works on mainly higher time frames like D1. Yes, it’s a long term trading system.
Yes, in my trading I also try to trade according to the market trend! But, here I’m not using any technical tool, I make my analysis based on my PA trading skill, besides use the horizontal lines for identifying the support and resistant levels!
No doubt, MACD is a good indicator; but it’s not appropriate for short term trading like scalping! But, if you are trading with the long term than it’s okay.
Till now I use RSI (default) indicator in my swing trades! This technical tool helps me a lot to identify the market context! On the other hand, I filter out my entry quality by using my news analysis experience.
Yes, you are right, pro traders are also make dealing with the simple trading strategy! In my trading, I am using a very simple trading strategy that is, following the market trend! I am interested in reversal trades opportunities.
Please don’t mind, I think Bollinger Bands trading indicator is much useful than your attached indicator! I use defaults sittings of BB, it works really awesome.
I think breakout trading is always challenging! I have almost 5 years trading experience but I use the breakout strategy from the last year! Till now I have to improve a lot in this sector! Now I am making only 59-55% accuracy on there.
Actually, this type of trading indicators shows so many false signals in the real time! I have very much bad experience on it! This system changes the direction for many times without giving any clue, really frustrating.