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--- In equismetastock@xxxxxxxxxxxxxxx, chichungchoi <no_reply@xxxx>
wrote:
>
>
> There are too much indicators for trading. Could anyone give me any
> advise whether I should strictly follow one indicator to trade or
> determine the trend with a lot of indicators for confirmation on any
> trading signals?
>
> If I follow one indicator, I will get a clear boundary for entry and
> exit. If I determine the trend with a lot of indicators, I wait most
> of the time, and miss the entry and exit, because there is no clear
> boundary.
>
> Does anyone have any suggestion?
> Thank you
> Eric
Using what's in the books and magazines, MACD is a good overall
indicator, but it's probably better for entry than exit. So you might
want to use something else for exits, and that calls for
experimentation to find what you're comfortable with.
Using what's not in books but being talked about, look at adaptive
indicators. Mark Jurik's blackbox indicators are worth it, if he ever
makes a MetaStock version. I saw a demo where somebody took a plain
old EMA crossover system, which underperformed Buy&Hold of course, and
he substituted the JMA of price for raw price. The system suddenly
outperformed Buy&Hold by a wider margin than it had underperformed.
Now that's an indicator worth exploring!
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