i am gonna list it for you, but i truly and respectfully do NOT understand how you say each trader with each provider can have different MACD and different amount of trades, here it is, with arrows on the chart itself above and below the bars on each of its cross over, standard settings, standard daily chart,, any one applying MACD with such should have the same chart, whats next ?? the price i see is different from the price you see??
You know I never stated the price was different even though its proven that different data providers will often show differences in their data...small enough differences that anyone using more than one data provider will notice the differences.
Regardless, I stated different "chart settings" as in different settings for the MACD or any other indicator. For example, if someone states they use moving average crossovers and nothing else...no chart example.
We wouldn't know if the person is talking about simple moving averages, exponential moving averages, 10 / 50 crossovers, 50 / 100 crossovers, 50 / 200 crossovers or whatever.
Its the primary reason why traders will have different statistical results assuming they've backtested their crossovers. That is the only reason why I asked you for a chart example...with your chart example...
I can then correlate the visual info on my chart to then "backtest what you stated" to see if such truly would have helped Max even though its so easy to use "hindsight analysis" to tell someone if they have been using something else they would have not had that problem...
Regardless to the fact that Max had a
discipline problem with the trade when he continue adding when the FED begin pumping unprecedented amounts of money (2 trillion dollars) into the economy along with lowering rates to levels never seen in prior Pandemics.
It was not an indicator problem.
Simply, it doesn't matter what indicator (basis, custom, standard) Max had used...if he does not stick to his trading plan and violate his rules...the trade will become a problem trade because indicators do
not fix discipline problems.
Just in case you missed my point...I will state it again but differently.
Indicators do not fix discipline problems, does not fix trade psychology problems, does not fix over leverage misuse, does not fix risk/rewards problems, does not fix any problems outside of the chart of the trade...the same is true for any price pattern.
Therefore, the problems will continue existing no matter what indicator Max had changed...its not the indicator...the problem is Max. Hopefully, that was very clear to you.
wrbtrader
