How often do you change your indicators?

[ImThour]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

Share your thoughts!

[Beparanf]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

Share your thoughts!

I usually change indicators if the set of indicators that I used has a conflict signal to each other. I used other signal like Bollinger and the 3 EMA lines to verify on which indicators on my original set showing a valid result. But this is very rare scenario and most when I'm just trying enter a position for leverage trading which is very crucial due to its short time frame requirements.

[Sterbens]

Not too often, maybe I only set indicators once a month to test the effectiveness of one indicator against another. As that indicator will be effective if we test it for some time. Changing it in a short time did not make me quite satisfied with the results I got. therefore personally the application of futures indicators has become the most important thing in my trading.

[South Park]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

Share your thoughts!

If you have a defined strategy that you know it works then I do not see the need to change your indicators or some of their settings at all, after all one of the purposes of a strategy is to stop you from wasting time using all the possible combinations for your indicators and keep you focused on what matters, which is to make money in the markets, so if someone is changing their indicators for no good reason at all then I think this is someone that does not really know what they are doing.

[palle11]

I have settled for certain indicators so no need for changing as they perform same function. If you keep changing indicators all the time you get confused and you start losing focus and your money. I think that it is better to follow certain indicators and research on them and follow the once that are working. Clustering of indicators is confusing a trader so the fewer the better.

[teosanru]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

Share your thoughts!

I am honestly too loyal or you can use the word addicted to my indicators, I do play by adding or removing one or the other, but the basic prime indicators remain the same always. It's just the additional indicators that change, whenever I see my strategy failing, I have generally been able to revive it back by tweaking the settings on my indicators somewhat here and there, changing indicators altogether is definitely something I haven't done and it's a bit frightful to be honest, it's like walking in an entirely new area, about which you know absolutely nothing.

[bitgolden]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

There will be no point of thinking about getting into new set of indicators for my crypto trading when my favorite tools are already profitable and working consistently. Still I need to confess that sometimes I do go for finetuning different parameters for various coins which again led me to have same indicator but with different set up for different trading pairs. Overall, I am into same set of trading indicators for more than 6 years.

If you are combing more strategies and not depending on one or two indicators alone then probably you are already doing fine which means you may not need to switch over to different indicator more frequently.

[Mahanton]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

Share your thoughts!

Im a versatile kind of trader on which i do make out changes depending on the situation or current condition in the market because we know that there are indicators or tools which is significant or relevant
on current trend of the market but there are actually some times that i dont make any changes but actually this is really very situational and your preference because
if you do keep changing because you dont trust up your current settings then that indicates that you are somewhat impulsive
into what you are doing.

[GreatArkansas]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
(....)

I am not that in love too much with such indicators, to be honest, there are a lot of good indicators out there for different kind of times.
I am changing such indicators when I saw some charts online and trying out how it works, but if ever it does not meet my goals, I am going back to indicators that I am commonly using such as basic momentum indicator, volume indicator, and moving averages.

I am not a fan of complex indicators which is only messing with your charts.

[Woodie]

For certain indicators which I use once in a while, I hadly change a thing as they are best used in their defaults. Moving average 200,20, 100,50 are among the indicators I enjoy to use and they are effective.

[adaseb]

Indicators won’t help you if you don’t know how to trade. They are never accurate. They are more of a confirmation but should never be used alone.

There are so many times when a MA can cross and you might signal a long on one timeframe but short on another. Or MA can tell you to long and RSI tells you to short. So they will never be reliable as you want them to be.

With experience you will know which trades to take and use indicators as a confirmation.

[mardaed]

I don't change indicators actually but combining them and not relying on one indicators for example it shows that it is bullish on the MACD or RSI but it shows different on volume and trend lines on that way it means that the signals I am receiving is either weak or unsure that's why I would wait or probably rely on the price action before entering any position.

[Oshosondy]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade 

I don't really use indicators, I use only chats to analyse and the outcome are good. I have failed a lot of times and each time I failed, I change my strategy but not the indicators. When I started to trade, I used 125x, I lost. I used 10x and I lost. I used 5x, good but not good in volatile market. I changed to 3x which is what I am using now. I might still change to 2x and 1x. My analyses are still almost the same but I am only reducing my leverage.

[gabbie2010]

As the title says, Do you change it quite often depending on how good or bad your strategy is going?
Or are you a professional trader who is loyal to his set of Indicators for each trade  

Share your thoughts!

Well while trying to tweak my strategy I tried several indicators in my bid to have a working strategy, I changed several indicators after incurring some losses just by trial and error, before I finally sticked with these three indicators namely SMMA (double), Bollinger Band and William' percentage Range, ( set to a value not default settings) I used them for determining trend and volatility of the price in the market, obviously I am getting good results from the combination of the 3 indicators, and I don't how far or how long it's going to continue to give good results.

[pieppiep]

I do not change my indicators too often because I do not familiarize so many indicators. I use RSI, MACD, and Bollinger Bands which is enough for me to see where the line will go. But that can not always give me the right time to enter the market because I think there is need more indicators to get more info about the trends. But that indicator is enough to have analysis for the market moves, even for newbies to see the trend.

[fullhdpixel]

are you a professional trader who is loyal to his set of Indicators for each trade  

Even I am not considering myself a professional trader, I am always loyal to my trading strategies and I prefer to keep using them without messing up with new things. Only when traders could not find continuous profits with currently using indicators, may start looking for new ones but I am using a different approach to skip not-sure signals which must be a reason why my strategy looks perfect to me. Honestly I do not have plan to adapt any new strategy in near future.

[taufik123]

I'm not a professional trader, I use only a few indicators that I know. One or two indicators if mastered well will be able to read the market well. useless if there are many indicators but not optimal.
Sometimes only certain indicators are used and not others. fiddling with old indicators with new ones will only confuse you. I use certain indicators and I'm good at it.

[bittraffic]

This is true. Having to change several indicators over again after your first analysis will just paralyze you in executing. Too much analysis will confuse you in the process.
You will have another analysis of where the trend will go after changing another set of indicators. I will prefer to use the indicators that I have already trusted which are my favorite indicators to use.

[Sterbens]

Indicators won’t help you if you don’t know how to trade. They are never accurate. They are more of a confirmation but should never be used alone.

There are so many times when a MA can cross and you might signal a long on one timeframe but short on another. Or MA can tell you to long and RSI tells you to short. So they will never be reliable as you want them to be.

With experience you will know which trades to take and use indicators as a confirmation.

Therefore, in implementing an indicator and combining it with other indicators, there is only one key to success, which is where we really understand the function of the indicator and know the level of advantages and disadvantages. A trader does not change too many indicators if what he is currently using is effective and has been fully mastered. In general, trading indicators are just a measuring tool to provide convenience in determining open and close targets. So that measuring the level of success depends on the level of mastery owned by the trader himself.

[crwth]

When I started to trade, I began to try out and trade mostly out of multiple indicators. Like a lot and find different indicators that I feel suit my taste and made me think that it will be a successful setup or something. As time goes by and I experience a lot of different market volatility, it's better to stick with sound risk management and consistency. Because you couldn't get a 100% setup with anything in trading, the risk should be controlled, and it has been the best strategy ever since.