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There are a lot of decent indicators. The main thing is to know how to use them correctly.
Example: https://charts.mql5.com/6/129/eurjpy-mn1-metaquotes-software-corp-temp-file-screenshot-19355.png.
But the Wolf wave also requires the application of a learned path . Do you have a specific strategy for this indicator? And if you have a strategy, what should be the initial trading account to earn on the strategy.
This topic is trading without indicators...
You have to compare one with the other to discover the truth. Don't avoid the answer. Is there or isn't there?
You have to compare one with the other to discover the truth. Don't avoid the answer. Is there or isn't there?
You can open a new thread on Wolf waves or I will move these comments to a new thread.
The Wolf wave is an example of indicatorless trading. Something to build a trade on without technical indicators.
And the Wolf wave, if it is an indicator, what is it? Not a technical one? What is "technical"?
Here, from the terminal help:
A technical indicator is a mathematical transformation of the price and/or volumes of a financial instrument to predict future price movements. Based on signals from technical indicators, decisions are made as to how and when to open or close a position. According to their functional properties, indicators may be divided into two groups: trend indicators and oscillators. Trend indicators help to identify the price movement in one direction and detect the moment of a trend reversal synchronously or with a delay. Oscillators allow to find the turning points ahead or synchronously.
There are a lot of decent indicators. The main thing is to know how to use them correctly.
Example: https://charts.mql5.com/6/129/eurjpy-mn1-metaquotes-software-corp-temp-file-screenshot-19355.png.
When you click on a link with such an upbeat commentary, you expect to see some incredible beauty.
and then bam, some lonely, sad, mcdee-like oscillator.
How could you do that?