I can only share my experience with forex signals: I used a couple of these, and didn't work for me. Reason: their real profitability was way below their profitability presented on site, the risk/reward ratio was awful, and coupe of them disappeared in a short time after I payed for some 6...
Of course you should discovered it for yourself by trading and testing, because this choice is very much linked with inner psychology.
For me the best is Gold, NDX100, US100, US30,DAX.
The worst strategy: take trades just because you are already in a daily loss and you want to recover fast because what market did to you is just unfair .... :)
OKI, first thing first: MT4 and MT5 aren't some trading strategies, they are both trading software - meaning a software which allows you to buy or sell currencies ( of course if you have a trading account and money in it :)).
A strategy means a set of information sources ( be it indicators...
Maybe probably you should refine the question: what do you want to confirm ?
You want to confirm a trend, momentum in that trend, end of a pullback, a reversal, exhaustion, choppiness, lack of liquidity .... to name a few .... :)
A must-have for building a good forex strategy is understanding the market elementary principles, the meta-principles and how they are working together.
Example:
elementary principle 1 => market doesn't move in straight lines, it moves in oscillations.
elementary principle 2 => the oscillations...
You should think about trading as a great opportunity, you would want to connect with this opportunity. For this, the most important question is: "Do I understand for real the market language?"
OK, there is a weird 10 min limit for editing a message, so ... this is what I wanted to write:
Rules for profitability in forex trading:
1. Do not buy indicators, strategies etc. unless you can test them for free
2. Learn the elementary principles of market and understand how technical...