Whether you have traded for 10+ years or are still learning the basic concepts of trading, you probably know by now that indicators can either help your trading immensely, or it can be a catalyst that is holding you back.
Some of the indicators you will find will make you scratch your head and wonder “what were they thinking” when developing something like this.
Now most traders are not programmers, so asking them to program their own indicator would be asking a bit too much would it not?
So when you see other “fancy” indicators how do you even know those individuals are traders?
How can you trust them?
Here are the BIG THREE PROBLEMS you will run into when trying to use these type of indicators you find on forums and other services that claim to be the best.
1. They have no proven track record, so you have no idea if the system even works.
2. Most of the time there are hundreds of Software BUGS that make the indicator impossible to use.
3. Distracts you From Potential Winning Trades.