alphamaphie
New Member
The truth is that technical indicators won’t automatically lead you to profit, but they will do a lot of work for you.
In fact, technical indicators can do a few wonderful things:
*show something that is not obvious;
*help to find a trade idea;
*save time for market analysis.
Every technical indicator is based on a mathematical formula. You don’t need to calculate anything yourself: just go to MetaTrader menu, click on “Insert” and then choose an indicator you would like to add to the chart.
At the same time, technical indicators make their calculations only on the basis of a price. As a result, indicators do have weak spots: they can give signals which lag behind the price (for example, the price has already fallen when the indicator finally gives a signal to sell).
The good news is that there are ways to get a lot of benefits from technical indicators.
In fact, technical indicators can do a few wonderful things:
*show something that is not obvious;
*help to find a trade idea;
*save time for market analysis.
Every technical indicator is based on a mathematical formula. You don’t need to calculate anything yourself: just go to MetaTrader menu, click on “Insert” and then choose an indicator you would like to add to the chart.
At the same time, technical indicators make their calculations only on the basis of a price. As a result, indicators do have weak spots: they can give signals which lag behind the price (for example, the price has already fallen when the indicator finally gives a signal to sell).
The good news is that there are ways to get a lot of benefits from technical indicators.
