Thanks, Wolf. Fits with the testing I've done. I believe there is no set of simple indicators that could come even close to being called a holy grail. And I've spent years looking at them. ges
Thanks Wolf. Based on what I've heard from those that use Double Stochastics profitably... They are discretionary traders and not using a mechanical system. That would also imply why one trader finds success with a particular indicator when another does not... Different discretionary trading methods. By the way...what was the methodology or rules behind the mechanical system for the Double Stochastics that you tested ??? Meaning...can you post the codes ??? Just curious if two different mechanical traders tested the same method/rules of using an indicator after seeing that ges got similar like results as you. Mark (a.k.a. NihabaAshi) Japanese Candlestick term
Indicators themselves aren't likely to give you a reliable and specific trading signal. But they are valuable for setups. It's the price action AFTER the setup that's important. And that can be backtested as well as traded.