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I agree that you need to pick the ones that work best for you and use them. My point is that there is no perfect indicator that always works. I have a group of indicators that I review on a regular basis to see which are working in the current conditions. I go with the majority opinion. It also depends upon the interval. Some indicators seem to work better on short term and others in the long term. I want to have an idea of where the market is headed in the next few days/weeks. But I trade 1 minute bars. There are a few indicators that work pretty well at this level.
The other point I was trying to make is if you are building a system based upon multiple indicators you may want to consider using different types of indicators. The RSI, CCI, and Stoch have a lot in common. A MovAvg would give it another dimension. From what I can tell from looking at the signals generated by the FGall there may be better executions by using the MACD over the RSI. When I run FGall on 1 min bars of YM using executions on the C it tends to loose money.
I think the idea that FibbGann and dloomis have is a good one. They're doing a great job. I've tried to do similar things in the past. Especially when I was on TradeStation where developing this kind of stuff is a little easier. Just never found the combination that tested well enough for me to feel comfortable putting real money behind it.
The other point I was trying to make is if you are building a system based upon multiple indicators you may want to consider using different types of indicators. The RSI, CCI, and Stoch have a lot in common. A MovAvg would give it another dimension. From what I can tell from looking at the signals generated by the FGall there may be better executions by using the MACD over the RSI. When I run FGall on 1 min bars of YM using executions on the C it tends to loose money.
I think the idea that FibbGann and dloomis have is a good one. They're doing a great job. I've tried to do similar things in the past. Especially when I was on TradeStation where developing this kind of stuff is a little easier. Just never found the combination that tested well enough for me to feel comfortable putting real money behind it.
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