Making full use of indicators and the Holy Grail quest are in a completely different dimension
In these recent articles,
Are charts random?
Rising 70%, falling 30%
Rising 30%, falling 70%
If you trade in those situations,
that is what I have been talking about.
Where do you find an edge, and where do you look for it?
This is what everyone would like to know.
At Future Under Cover FX, we have conducted thorough verification and research,
but there is a pitfall there.
This chart may seem complicated, yet it feels like a method could be devised.
It starts to feel like you could win.
Using the directions of the moving average lines and all the indicators, and so on.
There are many cases where you can think that way.
This is the default template that comes with MT4, “Momentum.”
The combination of these indicators is a set as well,
When a beginner who is not yet familiar with charts looks at it,
it starts to feel like you could win.
With the defaults installed, that cannot be the case...
Then, perhaps there are other possibilities?
And the search for a method begins.
FX is easy to fall into “method hell.”
When you started FX with the intention of making profits,
it inevitably becomes a task of finding a winning method someday.
Whenever you see a chart setting that looks like it could win, you get excited.
This is the so-called “holy grail search,” but...
Instead of focusing your effort on becoming able to win yourself,
you end up spending effort searching for chart settings that someone else is winning with.
Greatly, the direction of your effort diverges accordingly.
Whether you learn from someone or discover it yourself,
whether you model after someone’s success or learn from their failures
these are important.
What you believe or don’t believe is up to you.
Whether you can choose for yourself?
Being able to choose is not an exaggeration as the key.
In any field,
earning money with your own ability is tough,
what part of yourself, what you can trust,
whether you can trust it or not,
is very difficult and worrisome.
What you can trust becomes your confidence.
Or perhaps the opposite. If you have confidence, you can trust it.
Apologies for the tangled words, but essentially
the point is to avoid making methods and holy grail hunting your primary objective.
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