Trading The Ultimate Oscillator
zorro88:
very good indicator... but after i checked it still have false signal...;{
very good indicator... but after i checked it still have false signal...;{
There will never be a system/indicator that has a 100% win rate. In fact, the best systems out there are ones that try to control their losing trades so that they lose less than the winning trades earn. ALL strategies will have losing trades. It is how you manage the losing trades that is important.
You also have to take Risk/Reward ratios into account. For example, if your limit is always set twice as far away as your stops, you only need to be right on 34% of your trades or more to be profitable. Here is an article that does into more detail on this topic.
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The Ultimate Oscillator is a trading tool developed by Larry Williams, that is very good at identifying overbought and oversold periods in price.
In this tutorial you will learn how to trade this awesome tool.
Screenshot
Download Link and Tutorial
Ultimate Oscillator