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Let’s move on to another point: How valuable is each technical indicator?
How valuable is each technical indicator?
After all, forex traders do not include these technical indicators just to make their charts better. Traders make money!
When these indicators generate signals that do not translate into cost-effective profitability over time, they simply are not the way to meet their needs!
In order to allow everyone to compare the effectiveness of each technical indicator, we decided to support each of the indicators ourselves over the last 5 years.
In backtesting, indicator parameters are tested retroactively against the historical price effect.
You will learn more about this in your future studies. First, take a look at the settings we use for our backtest.
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