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Economy => Trading Discussion => Topic started by: kentrolla on March 14, 2024, 06:12:49 PM



Title: Can someone please help with most successful technical indicators?
Post by: kentrolla on March 14, 2024, 06:12:49 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.


Title: Re: Can someone please help with most successful technical indicators?
Post by: SamReomo on March 14, 2024, 06:33:34 PM
If you really want to have a proper indicator then try to master a single indicator fully and that single indicator will be enough for you. You may go with basic indicators like MA, RSI, Bollinger bands, and MACD.
Those are more than enough for you because most high level traders use those indicators and they have good winning rates.

Practice an indicator in theory for sometime and when you're fully okay with it then start trading with it. Try to use stop-loss and take profit with during trades by following any of the indicators, the ones gives you more take profit is enough for you to have some profit overtime.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Oshosondy on March 14, 2024, 06:42:16 PM
Indicators are not 100% accurate. They can help and also fail you. Have other strategies to help make your profit to be more than losses. I have used RSI and BB and they are good indicators. You can also learn about Fibonacci retracement which is very good.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Cookdata on March 14, 2024, 10:40:39 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.

You see the basic indicators displayed on exchange, they are enough to help you enjoy trading, too much of it will make your trading not smooth because some lag and some are pre-active. In a situation where you are using the two together, you will even be confused of what to do whether to exist or to stay in a critical situation of the market. Furthermore, indicators might can give you signal that you want but some of the time, the are very wrong. Just make use of MACD together with RSI and make sure you use Exponential moving average too and you are good to go.

A good trader don't make use of indicators that much, there eyes are clear to know market direction with some trend lines, support and resistance and little sprinkle of time frame they can switch on to get good angles and views of where the market of going next.


Title: Re: Can someone please help with most successful technical indicators?
Post by: logfiles on March 14, 2024, 11:17:46 PM
It all comes to your trading strategy. Very many factors affect the win rate such as the time frame you are trading, what your stop loss and take profit is, what your risk reward ratio is. So we can't definitively say that one technical indicator is the most successful without taking into consideration most of the factors. So I would say win rate is dependent on the way you trade, regardless of the technical indicator used.


Title: Re: Can someone please help with most successful technical indicators?
Post by: wxa7115 on March 15, 2024, 12:48:19 AM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.
At least to me your approach is wrong, there is no indicator that can tell you with a high accuracy which way the market is moving, as most traders use a combination of indicators to create a strategy that can make them profits on the markets.

However even then there is no indicator that we can say is better than the others, you must know that indicators belong to families, like volume, trend or oscillator indicators, so you can pick one indicator out of each family and try to build out a strategy out of them.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Humblevirus on March 15, 2024, 03:01:07 AM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.

The fact that you have tried some indicators and they did not work as well as you wanted is enough to make you believe that using your own knowledge is the key way to succeed in the market. Although there are some indicators that are legit, how sure are you that they will always give you the result you want? So in my opinion, it will be more beneficial and profitable if you use your knowledge and skills to trade, not until you use indicators, because I think indicators are just like signals; they don’t always give good results. 

At least to me your approach is wrong, there is no indicator that can tell you with a high accuracy which way the market is moving, as most traders use a combination of indicators to create a strategy that can make them profits on the markets.

Yeah. These things are not 100% legit. Getting your own strategy as a trader is the main thing because indicators will tell you what to do, but when you have the knowledge and skills, you will know what to do and you will be able to handle the market in any situation, unlike indicators that, once you set them up, if the market goes another way, they won’t follow and analyse the market for the user; they remain like that at this point. I think the user has lost, but if it’s your own strategy, you will be able to handle it. 


Title: Re: Can someone please help with most successful technical indicators?
Post by: GreatArkansas on March 15, 2024, 04:09:36 AM
For me, there are no perfect or successful indicators. Every indicator comes with a different purpose or use.
There are already a lot of indicators right now, some are already advanced but these advanced indicators are only based on the core indicators, that's why I can say it is always better to learn or focus first on the basic indicators.


Title: Re: Can someone please help with most successful technical indicators?
Post by: OcTradism on March 15, 2024, 05:15:41 AM
There are no perfect successful technical indicators for all traders. Trading is not profitable for all traders and each trader will be able to use one indicator better than others but that trader can not use other indicators well.

It relates to individual characteristics of that trader too. You will have more loss if you trade in short time frame and if you trade with longer time frame, you will reduce inaccurate trading positions. You also will open less trading positions, that is one of ways to control your trading, emotion and reduce loss.

Pay attention on resistance and support. Don't trade when price moves up or down to around resistance and support. You can not know how price will go up or down around support and resistance.

Don't use margin.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Questat on March 15, 2024, 12:46:13 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.
Of course, you can't find a valid answer because even old traders could say that no trading indicators assure profit. With their long trading experience, they could say that trading indicators are not the only thing that would help a trader to succeed but also, their decision-making and strategies. I hope you don't mind OP but the truth is that there is no such indicator to be found. What we can do is try all these indicators available and take a record of which of them gives you positive results. Then that is what you have to use in all of your trades.


Title: Re: Can someone please help with most successful technical indicators?
Post by: stomachgrowls on March 15, 2024, 01:39:36 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.
Just like on what those people been saying above that you are the ones who would really be the ones to find out on which one would really be effective for you since we do know that this is something
cant really be precise. There's no such thing about precise or effective indicators on which you are the ones who would really be mixing it out and make those never ending trial and errors
on which making use of these tools. You are the ones who would really be making that mix up and find out for yourself on which method or strategies will be working for you.

Just for the sake of the question on what ive been using.

1. MACD
2. RSI
3. Price action
4. Volume check

Im not saying its effective but this is something i've been doing for a while now.


Title: Re: Can someone please help with most successful technical indicators?
Post by: |MINER| on March 15, 2024, 01:39:50 PM
For indicators you can use MA, RSI, MACD.  You will master either indicator.  You can use indicators for trading but any one is better.  But you need to understand its usage.  Trading is completely dependent on skill and knowledge.  But you can trade by practicing without using indicators all the time.  Big traders i.e. successful traders are seen using MA, RSI, MACD.  You can also use either one.  You can benefit from using indicators as you become proficient in using either.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Husires on March 15, 2024, 08:24:58 PM
Technical indicators are confirmatory indicators of a specific market trend, where the basic indicators are used to determine whether the market will witness an increase, pumping of the price, stability, stabilization or correction, and then the technical indicators come to support or contradict this assumption.
If you do not have knowledge of the basic indicators, technical indicators will not give you accurate or reliable results. Therefore, there are no reliable technical indicators for beginners. As for experts, when these indicators give different results, some of them are more reliable than other indicators, and so on.


Title: Re: Can someone please help with most successful technical indicators?
Post by: cute nmp on March 15, 2024, 08:43:36 PM
You can try using Bollinger bands or rsi combined with key level of support and resistance . These indicators do work very well in the cryptocurrency market  Also for a beginner trader one can just stick to Rsi they are much simpler and more profitable if used in the right way.


Title: Re: Can someone please help with most successful technical indicators?
Post by: DirtyDriver on March 15, 2024, 09:07:24 PM
A crossing pont of 10 months moving average or an 3 upwards or 3 downwards moves of BTCiTrade if a bit shorter time trade.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Mahanton on March 15, 2024, 09:22:17 PM
Technical indicators are confirmatory indicators of a specific market trend, where the basic indicators are used to determine whether the market will witness an increase, pumping of the price, stability, stabilization or correction, and then the technical indicators come to support or contradict this assumption.
If you do not have knowledge of the basic indicators, technical indicators will not give you accurate or reliable results. Therefore, there are no reliable technical indicators for beginners. As for experts, when these indicators give different results, some of them are more reliable than other indicators, and so on.
Even just simply making use 2 or 3 indicators would already suffice on which it is really that enough to find out on where prices could eventually go but just like been said by most people on here is that this isnt
really something that you could really be having that assurance that you could really be able to predict on where prices would go. There's no such thing about successful indicators because every each of those
does have their own usage and you are the ones who would really be able to find out on which one works for you or the indicators on which you've seen that you do comfortably be able to make use.

In speaking of learning these things then we've seen that there are really those basic indicators on those trading charts on each exchangers.
It is really just that depending on you on how to learn those definitions and its usage. Google would be always your friend.  :)


Title: Re: Can someone please help with most successful technical indicators?
Post by: goaldigger on March 15, 2024, 09:23:32 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.
Always have your multiple strategies to deal with the multiple indicators because one can’t always work in your favor. The trading is a battle ground and indicators doesn’t guarantee anything, if you are going to use don’t expect that much.  There’s no most successful indicators because this will always depend on your strategy, and risk action so better to understand every indicators until find a good combination and make some good return in trading.


Title: Re: Can someone please help with most successful technical indicators?
Post by: QuinielaPosible on March 15, 2024, 10:00:50 PM
Indicators are just a summary of what's printed in the chart and different indicators can signal the same thing with different graphical approach, it's up to your strategy and experience if your trading will have a positive outcome or not.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Bushdark on March 15, 2024, 11:50:44 PM
When it comes to technical indicators we have so many of them you can make use fornyiur trading depending on yhe platform yij arr usimg for trading. We have the moving average, bolinger band, SRP etc that can help you to trade for without much complain about the market. Trading can be fun for us if we have all the right tools that will keep making us to make profits from the market.
Let's keep trading and trying our best to make money from trading in the market. If op uses a good platform, he would have so many options for technical indicators.


Title: Re: Can someone please help with most successful technical indicators?
Post by: MusaMohamed on March 16, 2024, 04:15:58 AM
Forget about indicators, focus on DCA.

You can read about DCA in books, websites and disbelieve that this DCA strategy can help you to succeed but you can see big examples in Bitcoin investment. MicrosStrategy and El Salvador.

https://saylortracker.com/
https://nayibtracker.com/
MicroStrategy has huge profit: ▲ 104.12% ($7 241 946 764.28)
El Salvador has big profit: ▲ 61.99% ($75 735 488.32)

Tools for DCA in
https://dcabtc.com/
https://costavg.com/

Tool for DCA out
https://bitcoindata.science/withdrawal-strategy
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Title: Re: Can someone please help with most successful technical indicators?
Post by: God bless u on March 16, 2024, 04:17:25 AM
Technical indicators are not a good choice if you're relying on them completely for trading. That's not a problem to suggest you some like MACD, RSI etc. These are mostly used by traders but my opinion is different ok using them for trading.

If you are completely on these you'll be more at loss than in profits. I'll advise you to use a single indicator, practice it become a master in it this strategy will allow you to shortlist some points for trading into a particular project. Then do manual research and again check the points that you noted whether they go on with what I'm thinking or not. This will save you from losses.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Awaklara on March 16, 2024, 06:18:42 AM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.
I believe more traders use the MA, MACD, and RSI indicators. but still, not all indicators will work accurately. some traders find their formulas with some market characteristics of certain kin. they can use some indicators, but still it can't work for everyone.
By the way, what indicators have you used in your trading? You can share where the indicators you use are inaccurate. it shares information that I think could be informative for other traders.


Title: Re: Can someone please help with most successful technical indicators?
Post by: el kaka22 on March 17, 2024, 05:59:05 AM
I do agree that most of these listed here already are good ones. RSI is probably the most common one ever, I think that is used the most by everyone, I am not saying that if you use RSI you will profit, of course people who used RSI and still lost at times, I am just saying it is the most used one. MACD and Bolling Band is probably close seconds as well, they are used a lot, EMA and so forth could be added here as well.

I personally believe that when you combine them all, like find something that is quite good for you on the long run, you end up doing better. I am not saying that it is the only way to make money, you could check out some other ones as well and maybe you will do better and maybe you will find something decent, but that doesn't mean that you shouldn't look at these too, they are quite good.


Title: Re: Can someone please help with most successful technical indicators?
Post by: kentrolla on March 17, 2024, 09:23:07 AM
I would like to thnks everyone for sharing the insights as it was really helpful and the best part is i didn't get any false suggestions like we get in social media by sharing an indicator with false win rates.

What I have learnt from the insights shared is that we cannot rely on any indicator as nothing is accurate. Better to stick to basics like RSI, BB, MACD, Moving averages, Etc and use the combination and backtest ourself to find the most appropriate one.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Rruchi man on March 17, 2024, 05:56:29 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH
There are some very successful traders who as a result of experience and the long time they've been trading in the market no longer depend on indicators to tell them which direction the market is going, But as a beginner and at some intermediate level, the understanding of technical indicators will provide a better view of the market. Not all indicators make meaning or are easy to observe in a chat so if you must become conversant with technical indicators you have to make sure that you are selective to pick the indicators with a lot of meaning that many traders agree to.  

Now in trying to make a choice on the indicator to use, you have to practice and then pick the one which you can easily identify and the one which you understand most because the most simpler and easier to understand an indicator is, the higher your success in trading can be.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Kelvinid on March 17, 2024, 09:48:44 PM
I would like to thnks everyone for sharing the insights as it was really helpful and the best part is i didn't get any false suggestions like we get in social media by sharing an indicator with false win rates.

What I have learnt from the insights shared is that we cannot rely on any indicator as nothing is accurate. Better to stick to basics like RSI, BB, MACD, Moving averages, Etc and use the combination and backtest ourself to find the most appropriate one.
Yes, using these indicators is not only the ticket for your success but of course, this will help you as well (not a lot). Still in the end, it is our emotional control, strategies, and market analysis that is very important and it is believed that looking at the price chart will somehow give us hints on the next step we should take.

We don't get fooled by these social media actors and actresses, many of these people are not in actual trading. As we are personally doing this, we can attest to what is really the life of a trader and how risky it is.


Title: Re: Can someone please help with most successful technical indicators?
Post by: taufik123 on March 17, 2024, 10:06:07 PM
Not promising?
You are not in a choice, but it depends on a habit and understanding of each indicator you use.
Every technical indicator on trading view can be used to its full potential if you master it.

Even the indicators that are quite commonly used namely MACD, RSI, MA and Bollinger are good enough for you to use if you can maximize them.
Don't overdo it to use too many indicators, especially if you don't master them.

Try to use only 1 or 2 indicators and understand what they work and function.
If you already understand and master it, you can easily read market conditions with any indicator, not specifically requiring indicators that are too complicated.


Title: Re: Can someone please help with most successful technical indicators?
Post by: OcTradism on March 18, 2024, 01:43:12 AM
Not promising?
You are not in a choice, but it depends on a habit and understanding of each indicator you use.
Every technical indicator on trading view can be used to its full potential if you master it.

Even the indicators that are quite commonly used namely MACD, RSI, MA and Bollinger are good enough for you to use if you can maximize them.
Simple indicators can be used for trading with Spot. Spot trading is best for traders because there is no risk of liquidations with Spot Trading.

If traders want to chase big profit, get rich quick, they will use Margin and Futures Trading types that are more risky to lose money than Spot Trading.

I very agree with you that professional traders don't complicate their charts and trading plans with overused indicators that are not necessary for their trading at all.

Whatever indicators they use, they all must use Stop loss, Stop limit orders to manage risk better.


Title: Re: Can someone please help with most successful technical indicators?
Post by: tvplus006 on March 18, 2024, 11:47:13 PM
Hey Folks, this is not for everyone this is only for those who have been using technical indicators for Crypto trading and not bot, if you could please share which is the best trading indicators (most successful with higher win ratio) especially for Bitcoin and ETH it would be really helpful I have been testing few technical indicators in tradingview but nothing has been promising if I backtest the data. I have tried searching this but could find a valid answer.

You have already been offered to test various indicators in sufficient quantities, but you must understand that there is no one using which you will get a 100% correct forecast. And if you see on one indicator that you need to open a long position, then check the correctness of the forecast with other indicators.


Title: Re: Can someone please help with most successful technical indicators?
Post by: Bushdark on March 22, 2024, 08:48:03 PM
I would like to thnks everyone for sharing the insights as it was really helpful and the best part is i didn't get any false suggestions like we get in social media by sharing an indicator with false win rates.

What I have learnt from the insights shared is that we cannot rely on any indicator as nothing is accurate. Better to stick to basics like RSI, BB, MACD, Moving averages, Etc and use the combination and backtest ourself to find the most appropriate one.
Just like you have mentioned, theses are good indicators but there are also others you can use to trade in the market.
I think one thing you will have to understand is that just a single indicator can not give you the kind of results you are looking for, you will have to use indicators with fundamental analysis so that you don't keep getting it wrong so incase they pumped the market without your awareness and everything falling at the wrong side. Please, since you have set your hands on some of the indicators make sure you use them wisely and also learn how to use them.