FX is discretionary at the core, and indicators and signal tools are accessories
Nice to meet you. I’m Leo, and this is my third year as a full-time trader.
First of all, do you know why your win rate in FX isn’t improving and you’re only cutting losses?
To be frank, you’re likely focusing too much on “indicators and signal tools,”
and neglecting the basics of FX.
If that’s the case, of course there’s no way to have a decent win rate (lol).
If you’re making judgments only with indicators or signal tools, you’re almost certainly doing “brain-dead trading.”
First, if you’re continuing to win only with indicators or signal tools, you aren’t even looking for a strategy,
you’re doing a non-discretionary repetition of the same thing, right?
I’ve never seen such people (lol).
I’m not saying indicators or signal tools are bad,
FX has highs and lows, and there are elements where you can use discretionary judgment.
To build a stronger basis for discretionary trading, you use indicators and signal tools to
increase the basis and trade.
I also use SMA (simple moving average). In fact, that alone is enough (lol).
This is just my personal opinion, but I don’t trust indicators or signal tools created by strangers,
and the internet is vast,
and the things I’ve always wondered why about are that those who introduce indicators or signal tools
only post images after the chart is completed (backtest/after-the-fact images).
After the chart is completed, even if signals appear, doesn’t that have little meaning? (lol)
I don’t know, but if you can’t use them until after the chart is completed…
Then they’re garbage, right? (lol)
What I’m trying to say is,
Instead of chasing after indicators or signal tools on a gambling journey,
why not learn the basics of FX first and then decide what is necessary or unnecessary?