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Why do traders use so many indicators?

{quote} Hi JT, I did not insinuate anything. I was asked for the indicator and I said I am not sharing it. It is not a veiled threat at all. You see what you want to see. Let's be fair, I was a bit sarcastic in my previous post about the holy grail panel. For that I apologize. {quote} Let me just remind you, I was willing to code the MetaData Modules and it was you who disappeared in the end, without a word. I am going to leave it here, no use to get into a public conflict. It is what it is.

Here's an email I sent to you:

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Here is the relevant excerpt from your post here:

I am going to leave it here, no use to get into a public conflict. It is what it is.

You have been engaging in NLP-type mirroring, pacing and matching me in your written prose for quite some time now. Did you somehow convince yourself that I did not detect it?

Look, without question, you are going to be the biggest star in my live stream, second only to the Panel itself, as a direct result of your participation in the Project. You have earned that roll.

No, you were not willing to code anything beyond what you had already coded. Your last post in the Private Project Forum proves that fact. You can't change history and the facts speak for themselves, as I have already posted your lost message to me in the private project forum.

You made a commitment and then you bailed. That fact is not up for debate. As to whether or not you will reach your goals and end up a successful Full-Time Trader, as you say you want to be- that is clearly up to you. You will make it if you work at it and if you learn how to Integrate Output correctly. That takes time and skill. Work at it properly, using some of the technique I taught you and it will become a reality for you.

For example, your Cycles. Doesn't matter how you generate them, they need Integration with something else which is properly scaled Magnitude. It does not matter how you approach trading - Timing, Direction, Magnitude and Probability will always be the things that hold you back, if you never discipline you methodologies by including them. You've seen enough of my work to know that trying to trade consistently without them is futile, long term. So, your Cycles need to include them - else they won't work for you.

Saying that you were willing to do anything beyond what you already did up to that point before quitting is precisely why you don't have the fixes nor do you have the configurations that make the whole thing work. If you were truly willing to do Metadata Layer work, then you would already have the fixes and all of the System Configurations I've created thus far - because the Project would still be running. You don't have any of that precisely because you quit. So, alleging anything else is just plain false.

What you do have at your disposal is a "Proof of Concept" - remember. Those were your words. A "Research Tool." Your words. I've turned it into a Trading System by fixing what was broken and taking the time necessary to do the work of creating Configurations. That's what "it is." Its a Trading System now. Its a Swiss Army Knife Trading System now as it can do a lot of different types of trades.

You will be one (1) of the primary topics of conversation in my live stream - because you were instrumental in making the Panel. So, you deserve everything you are going to get and have gotten thus far. Your own words.

"You are going to get everything you deserve." - Wanderer

I remember those words from you well. In fact, I remember all the NLP-like mirroring, pacing and rapport building (seen above in the pic and your own quote here) in the prose of all your initial written contacts with me. Whether you knew I knew what was going on or not. I didn't just roll out of bed and bump my head on a rock moments before you made first contact with me, Wanderer. All the mirroring, pacing and rapport building you were doing in written prose was an early signature for precisely what you ultimately did.

Hey, good luck! Its a great System once you fix it and then configure it.

See ya on live stream!
http://www.ojas-gujarat-gov-in.com/printthread.php?t=606022

A good read of JetTraders posts errr i mean iDoubleStoch

Funny Ya know... How iDoubleStoch and JT are both military pilots...
both own airplanes and are 757 pilots..

Now I see in the above linked posts....

iDoubleStoch also get this : LOL

"Oh, and by the way - that offer I made over on EliteTrader still stands. You are more than welcome on-board my Phenom 300 and I still have the Bugatti Veyron 16.4 sitting in one of my garages and available for your review. You, and Baron, name both the time and place and I'll be there where you both can witness these spoils with your own eyes.'


Yes and iDoubleStoch wants to help the New traders.. yes of course JetTrader.
Yes and iDoubleStoch graduated from retail Hell bucket shop brokers....

Same old song and dance Jettrader..

Really you should develop some new personalities and quit regurgitating your bald faced lies.

yep both have a Phenom 300 and Veyron....

Pipedreaming bullshit abounds....

Hopefully Admin soons terminates this Cancerous member JT..
Master your Mind,,,Master the Market
http://www.ojas-gujarat-gov-in.com/printthread.php?t=606022 A good read of JetTraders posts errr i mean iDoubleStoch Funny Ya know... How iDoubleStoch and JT are both military pilots... both own airplanes and are 757 pilots.. Now I see in the above linked posts.... iDoubleStoch also get this : LOL "Oh, and by the way - that offer I made over on EliteTrader still stands. You are more than welcome on-board my Phenom 300 and I still have the Bugatti Veyron 16.4 sitting in one of my garages and available for your review. You, and Baron, name both...
LOL... look at this guy...

Unfortunately JetTrader looks like the kind of person who could end up like a future "GURU" for new traders...

He has it all:
- Talks too much nonsense
- No proof at all
- Way too many excuses
- And has the ability to make new traders with hope, believe he is a pro

Yep, sounds like a perfect "guru" with a holy grail in his hands..
Keep it simple All Time Return: na
http://www.ojas-gujarat-gov-in.com/printthread.php?t=606022 A good read of JetTraders posts errr i mean iDoubleStoch Funny Ya know... How iDoubleStoch and JT are both military pilots... both own airplanes and are 757 pilots.. Now I see in the above linked posts.... iDoubleStoch also get this : LOL "Oh, and by the way - that offer I made over on EliteTrader still stands. You are more than welcome on-board my Phenom 300 and I still have the Bugatti Veyron 16.4 sitting in one of my garages and available for your review. You, and Baron, name both...
Lol what a clown ...
J12
{quote} Here's an email I sent to you: {image} Here is the relevant excerpt from your post here: {quote} You have been engaging in NLP-type mirroring, pacing and matching me in your written prose for quite some time now. Did you somehow convince yourself that I did not detect it?
The email you quoted was nowhere near our final conversation. A lot happened after that and if there was a misunderstanding, it should be treated as such in a civil way.

NLP-type mirroring - I don't even know what it is. If I match your written prose it is purely accidental. Come on JT, be realistic.

You made a commitment and then you bailed. That fact is not up for debate.

This is such an unfair statement. I made my reasons for doing this work very clear initially. I did commit to help you reach your goal, which I did most certainly. We have been over this, do we really have to do it again?

So, you deserve everything you are going to get and have gotten thus far. Your own words. "You are going to get everything you deserve." - Wanderer I remember those words from you well. In fact, I remember all the NLP-like mirroring, pacing and rapport building (seen above in the pic and your own quote here) in the prose of all your initial written contacts with me. Whether you knew I knew what was going on or not. I didn't just roll out of bed and bump my head on a rock moments before you made first contact with me, Wanderer. All the mirroring,...

I am really speechless about this type of allegations. Mirroring, pacing and rapport building, wtf?

You only see what you want to see - it is worth repeating.
http://www.ojas-gujarat-gov-in.com/printthread.php?t=606022 A good read of JetTraders posts errr i mean iDoubleStoch Funny Ya know... How iDoubleStoch and JT are both military pilots... both own airplanes and are 757 pilots.. Now I see in the above linked posts.... iDoubleStoch also get this : LOL "Oh, and by the way - that offer I made over on EliteTrader still stands. You are more than welcome on-board my Phenom 300 and I still have the Bugatti Veyron 16.4 sitting in one of my garages and available for your review. You, and Baron, name both...

JetTrader won't be back... for 20-30 years.

Hosea Askew arrested for murder.

https://www.berkeleyside.com/2020/03...ge-murder-case
Hello All ,

Just Joined , I wondering if some of you has any sample Financial statements (Balance Sheet , P/L statement , Cash Flow analysis) That I can use as a FX retail trader as if i was managing a company on his own , I especially want to link the information from My Forex Factory Trade Explorer to this statements; such as where do my balance , equity , unrealized profits and others stand in my financial statements . any help will be greatly appreciated.

Thanks
Johann
Hello, I fully agree with the owner of the post, pure chart says much more about market targeting than using dozens of technical indicators, knowing the reason for price direction, the attackers at the moment, market depth, time and regions in which they were most traded, consolidations, volume.... TPO DMA etc.
Best indicators, I have found on the internet are following indicators, These are not yet profitable but i assume anyone who is interested in algorithmic trading can you them. Since i have two year full experience in algorithmic trading. But i haven't not yet found a profitable indicators unfortunately. But following are the best indicators i found so far!.
Attached File(s)
File Type: ex4 4 TF Heiken Ashi Arrows.ex4   44 KB | 124 downloads
File Type: mq4 4 TF Heiken Ashi Arrows.mq4   13 KB | 112 downloads
File Type: mq4 5Mins Rsi Cci EA.mq4   11 KB | 132 downloads
File Type: mq4 Fitex.MillioN V.1.3.mq4   10 KB | 126 downloads
File Type: ex4 instant-profit-scalper-5digits.ex4   10 KB | 129 downloads
File Type: ex4 tma-channel-01.ex4   44 KB | 121 downloads
File Type: mq4 tma-channel-01.mq4   31 KB | 113 downloads
Hi clean and simple
see chart
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I think a lot of people fall into the trap of imagining that if they're using indicators to determine trade entries, they'll get better entries if whatever indicators they've decided to use have their signals "confirmed" by other, additional indicators.

I don't think it's typically true, myself, for two main reasons (and some other minor ones, too) -

First, if the price action after your trade entry confounds what you expected from your "main indicators," it's very likely to do the same regarding your additional indicators, too, so most of the time you won't really be "confirming" anything valuable anyway.

Secondly, even filtering out some entries by using additional entries doesn't necessarily mean you'll mean your trades will be more profitable overall: it's easy to make the mistake of imagining that increasing your win-rate is necessarily going to increase your overall profit, too (or make profitable a system that wasn't originally profitable) but in reality this is very rarely so.
Victoria Chenevix
{image} WHY?......oh why...... I have been trading for a few years now, and I have tested 100's of indicators, made multiple systems etc etc, you get the point. Now I only trade naked charts most of the time. Occasionally I may go back and look at a moving average, or Stochastic, or maybe RSI for confluence, but honestly they are really unnecessary....And I always trade better without any indicators at all. I understand if you want to use 1 or 2 indicators, but every time I see someone post their convoluted chart on here with 20 different indicators,...
Yes, while I agree with you.Some times if you engage indicator may be one / two it may filter the so called many rules guiding ICT trading strategies
Traders overload charts hoping for "perfect" signals, but often end up conflicted. Smart traders combine 2-3 indicators max (like RSI + MACD) and prioritize price action. Less clutter = clearer decisions.
There is no need to use many indicators. Simplicity is the key to successful trading. That is what I believe at least.
it's easy to make the mistake of imagining that increasing your win-rate is necessarily going to increase your overall profit, too (or make profitable a system that wasn't originally profitable) but in reality this is very rarely so.
VERY rarely indeed. But it isn't what people want to hear. And there are endless vendors (of various kinds) who intend to keep things that way.

Extra indicators don抰 usually really 揷onfirm?anything.

Indicators don抰 move prices: only the order-book can do that.

Additional indicators may increase your win-rate, which feels good, but they don抰 usually increase your profit, because they normally reduce your trade-frequency more significantly than they increase your win-rate.

As the saying (rightly) goes, indicators can sometimes help to suggest what you should do, but they can抰 tell the market what to do.
You aren't wrong here. A lot of traders chase indicators instead of learning how markets move. Once you understand structure and behavior, indicators add very little and sometimes just delay good decisions.