Indicator performance

[Harvey]

How to check the performance of the indicators in forex trading? Any testing issue available to check this? Share your thoughts!

[Harvey]

By taking a forex trading software, how people can find good/bad in it? Is there are performance checker available for the indicator to reveal the truth, regarding the performance? Express your ideas!

[chase]

there is a possibility in doing this but it is

not possible in mt4

ths technique is called sentimentor and its very complex.

the analysis calculates in realtime how the indicator performs when you change the input settings by X

i have found a software that can even calculate 2 indicators at once and studied it over 3 weeks my head exploded but now i have a steady income :)

[RichRicher]

Originally Posted by Harvey

How to check the performance of the indicators in forex trading? Any testing issue available to check this? Share your thoughts!

There is no way to check performance of indicators as indicators can
be applied on ALL time frames and how indicators are interpreted are
dependent on individual traders.

As such, all testings must be done by yourself because how you use the
indicators is up to you. Just note that basically there are 2 groups
of indicators - oscillators and trend. Oscillators works best for
ranging markets, trend indicators works best for trending momentum
markets.

[chase]

Originally Posted by RichRicher

There is no way to check performance of indicators as indicators can
be applied on ALL time frames and how indicators are interpreted are
dependent on individual traders.

As such, all testings must be done by yourself because how you use the
indicators is up to you. Just note that basically there are 2 groups
of indicators - oscillators and trend. Oscillators works best for
ranging markets, trend indicators works best for trending momentum
markets.

wrong it is already developed a tool to automatically predict this
it is complex algorythm but its possible and accurate

it is also possible to clone humans have you heard ?

[BubbleGum]

Moving Average Convergence/Divergence (MACD) is a Forex indicator designed to gauge momentum. Not only does it identify a trend, but it also attempts to measure the strength of the trend. In terms of giving you a feeling for the strength behind the move, it is perhaps the best indicator for Forex.