trade indicators

[vincent]

Which indicators are good to use to help confirm trades?

[Matt Bowen]

Hi Vincent,

MTPredictor does not use the standard or "canned" indicators like Stochastics, MACD, RSI to determine our trading signals.

The derivative of any indicator is price, therefore by mathematics it makes for a lagging indicator. The only profitable usage of indicators that I have seen and tested is through the use of divergence (which is a topic I could write a 600 page manual on)

The bottom line is that the 3 key setups inside MTPredictor do not use "Canned indicators" to determine trigger points for our trades.
Here is a link to the 3 key setups:
http://www.mtpredictor.com/pricing/3TradeSetups.html