How often do you change your indicators?

[Ararbermas]

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!

for me it depends what's strategy i want to use base on the structure as well. If it's swing trade i used EMA 20-50 and Bollinger bands and MACD for confirmation. And when it comes demand and supply, sometimes i don't use any indicators wherein i just put drawing on the levels then wait for the confirmation such declines from the zone. And last but not the least break out and trend line. The same with D&S but i combined RSI for divergence.
For me technical analysis is more important to recognised the structure of every coins, hence if you are not familiar with the candles sticks it's impossible to have good winrate even you used all the indicators in the tradiview.

[Questat]

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!

Not so often but literally, I change my indicators as I change my strategy as well. I can't hold those indicators that are not effective anymore, perhaps, it is a need to change them to have a profit, or else, we just lose. And there is no reason why we should keep them forever.
Even a professional trader will act the same. I've never known how good to be loyal to our indicators as sometimes we make decisions to abandon them and look for another for some reason and I think, it is a must.

[AakZaki]

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.

I don't change the indicators I use very often, because it will only slow down my trading. I'm still using some patent indicators that are ready to go and I've got the hang of. it's easier and faster because it's been applied every time I open the trading tool that I use. maybe only some minor changes will be made.

[Mpamaegbu]

I don't twerk my indicators once I have them set. I just let them roll. But I can try out new ones from time to time once I find anyone trending or hyped ones . Otherwise, I feel there's no need changing indicators if they're still winners. Maybe it could be that I dwell more on "leading indicators" than lagging ones. If it's leading, they consist of lines that draw basically support and resistance that don't repaint. So, in all ramifications I seldom change indicators. I like to keep my charts simple and not cluster them.

[crzy]

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 change depends on the trend of the coins/tokens I’m searching for since all of them have a different price trend so in order for you to become more successful in trading, you must use different indicators though most of the time, I use the same indicators just different in approach and timeline.

[stomachgrowls]

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 change depends on the trend of the coins/tokens I’m searching for since all of them have a different price trend so in order for you to become more successful in trading, you must use different indicators though most of the time, I use the same indicators just different in approach and timeline.

Very situational indeed because not all conditions in the market would really be the same which means there are conditions which does need out that specific indicator for you to find out on what the trend

or what does it mean but in overall aspect most of them does share up on that common aim and it will just demand on how someone would able to use it on that proper way
So it will really vary if you do ask me thats why you should really be that wise on using any of it.

Changes would be there according on particular situations or conditions.

[crwth]

I don't change the indicators I use very often, because it will only slow down my trading. I'm still using some patent indicators that are ready to go and I've got the hang of. it's easier and faster because it's been applied every time I open the trading tool that I use. maybe only some minor changes will be made.

I do think that it would be good to stick to the indicators that you know already. Do you want to share the specific indicators that you use? I'm interested in seeing some strategies that work the best. What trading tool are you using as well?

[jostorres]

Do you change it quite often depending on how good or bad your strategy is going?

I guess that as long as a trading strategy stays profitable, no trader will prefer to change it. Probably people may look to adopt a new highly effective strategy even they are already doing with a profitable strategy. There will be no requirement in trading to use multiple strategy on rotation as that may lead to more complicated trading routine regardless of profitability levels.

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

Who said professional traders are rarely changing their indicators/strategies? Not all traders are comfortable to stick with same strategy for all market conditions which means according to market volatile nature, professional traders might use different strategies; it is possible only by experiences.

[Zilon]

As often as possible as the market trend changes. Indicators could be leading or lagging so both suits different markety condition. If it's a trending Market I prefer a leading indicator but for range market or choppy market I use a lagging indicator to dictate when a new trend is ready to form. Changing indicators should be as often as possible because it helps give market precision

[tygeade]

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  

That is just a myth about professional way of trading. There cannot be any common practice among all professional traders hence you cannot sure about that all professional traders are always using same kind of indicators or same kind of strategies. There will be no point of making use of same strategy when it is not profitable and similarly no one is going to change a strategy which is good in consistent profit making.

We should be open to new strategy at any time because we cannot be sure about our current strategy might be always effective against ever changing volatility of bitcoin market.

[savetheFORUM]

Using indicators is essential for technical analysis, having a fundamental background also helps to understand the overall picture. Moving averages and MACD indicators are main part of my technical analysis tools, so checking the mentioned indicators is first step then changing indicators to oscillators etc.

Do you mean at every part of of your day-to-day trading, you are switching your technical indicators so that you will be getting double confirmation for your entry and exit? I guess that must be a different still effective way of technical analysis because you are making use of different set of indicators for double confirmed signals

So far I have heard only about the traders who are switching over to different indicators only when their current indicators are not working properly but your case is something interesting.

[South Park]

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.

I think we all go through that at some point during our trading careers, at the beginning since we do not know much about the markets we try all kind of combinations of indicators looking for a magic formula that guarantees profits, but at some point during our development we learn that this is not going to work and eventually we settle for a few indicators and a solid money management strategy, since that is more than enough to make profits in the markets if you know how to use them.

[milewilda]

Using indicators is essential for technical analysis, having a fundamental background also helps to understand the overall picture. Moving averages and MACD indicators are main part of my technical analysis tools, so checking the mentioned indicators is first step then changing indicators to oscillators etc.

When it comes on changing phases then you would really be needing to be versatile and its true that we do really go into those kind of situations on which we do really chance up indicators basing up
on the condition we are facing because trading is a never ending kind of learning on where you could really make out adjustments according to your own knowledge and skill set.
If you do find out that your current indicators arent working on a certain trend then its not bad to make out some changes and this would be a continous one
because you wont really enhance yourself if you dont have that kind of mindset.

[romero121]

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.

I think we all go through that at some point during our trading careers, at the beginning since we do not know much about the markets we try all kind of combinations of indicators looking for a magic formula that guarantees profits, but at some point during our development we learn that this is not going to work and eventually we settle for a few indicators and a solid money management strategy, since that is more than enough to make profits in the markets if you know how to use them.

This works with almost every user who got into trading with small capital. Initially we don't have much knowledge and we do what is being broadcasted through some channels, and this at times doesn't work. Because small volume with minor variation won't get you better profit and that works well with big capital. Little by little the experience makes us understand the market and take the signals as reference and analyse when and where to invest for good profit. Most of the time I do set the buying/selling through limit trading which seems easy and profiting as the capital is small.

[perla]

I don't usually stick with one indicators, I change my indicators depends on what strategy I use or what are the things I wanted to look at for example I would use Stochastic RSI but sometimes I removed it and rely on candlestick and trend lines and sometimes I use 2 different indicators for one strategy and 3 indicators to one strategy so it varies depends on what strategy that I want to use.

[GeorgeJohn]

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.

It depends on you directly, when you can change your indicator when you feel to change it, for trading i tried to get trading signal every week in order to make my trading go successful, but from this thread i understand that some people changes their indicators approximately weekly or monthly depends on their time out, we demanding for indicators because we don't trade money we can control, we trade on the finance that is higher than us.

[michellee]

I do not know many indicators so I just stick to those I knew before. Using that indicator, I do not have to change to other indicators because sometimes, that will need more time to analyze using the other indicators. If I do not get a sign to enter the market using the indicators that I knew before, I do not force myself to use the other indicators because that can lead me to get a wrong analysis. I will just watch the market and be back to analyze in the next few hours.

[trade818]

I don't change indicators cause I don't use any, raw price action with drawing tools - Liquidity void's and S/R.

[yhiaali3]

I change my strategy permanently in proportion to the fluctuations of the market, as well as depending on the success or failure of the strategy, there is no strategy that works well for a long time according to my point of view, the market is constantly changing and there is always a change in the data, the rules of the game and the conditions of the market, so you have to change Also according to these changes, but if you insist on following one strategy, you will never develop and will not gain the necessary experience to deal with market changes. A person must be flexible in his thinking and review his ideas and strategies every period of time.

[LUCKMCFLY]

Guys I have a question, I'm not into short-term trading, but I have found a way to use some indicators that works for short-term trading and I think it works long-term, it consists of the Bollinguer Bands added with the stochastic, If they cross and it leaves the peak of the stochastic, it gives a signal to enter, either in a bullish or a bearish sense, I do not know how effective it is, but it seems to me that it is a good trick taking into account that if an analysis is previously done in determining what trend the currency will take, this is something that caught my attention, especially for short-term trading, it seems to me that these tools are very powerful, has anyone combined them?