henryadex

Macd divergence is a very powerful tool for trading, more so it is not a lagging indicator it helps in predicting the future

which is about 70% accurate I look forward to seeing a very good one

Re: Automated System or Manual System?

Manual trading though time consuming that is where the real money is

EA no matter how good can be manipulated by brokers

There are some discretionary trades that someone can take that ea would not be able to

All you need is get a good system take time to master it and ride on

Re: What is your exit strategy?

Find strong S&R as TP, after price goes by my wish, i move my SL into +5 or +10, and just let it go until reach Support or Resistance that i believe it will go there... then close your chart, time to downtown :-bd

Exit strategies depend on your trading system and your entry point, if you are quick to enter depending on your strategy you should know the daily range of the currency you are trading all you need is to deduct the total pips the currency have traveled b4 your entry then deduct some few pips depending on your discretion.

I believe that is a save take profit position.

Re: How much of TRADING is really about the indicators?...

indicators are just sign posts of where price might want to go the real determinants are the price itself and fundamental factors

adex