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I have been trading successfully using sma and it works ! Thats the simplest technical tool. I want to know how about other technical tools- MACD, fib. Do they also give clear trade set up signals?
hi
MACD is "Woving average convergence/divergence (MACD) is a
technical indicator that helps investors identify price trends, measure trend momentum, and identify entry points for buying or selling a security. Gerald Appel developed the MACD indicator in the 1970s, and it is still one of the most popular technical tools today.1 It is readily available on most trading platforms offered by top
online" -
investopedia, 2025.
I have only use MACD and these indicators for things like EA when discretionarily trading i don't use any indicator, MACD is good but alone it cant be used very well, try pair with something like RSI.
Fibonnaci is good, however, only works on some instruements... this is the one analysis everyoen forgets that is instrument analysis. EURUSD and XAUUSD behave differently... for example, BETA, PA and FIB respect