Jump to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

  • 0

Price action indicator doing automated p/a anylysis


Guest EA-trader

Question

Guest EA-trader

Does I G provide any quality price action indicators , a simple analysis software , it displays a price action reading on the indicator?

 

My grandmother said "never teach your grandma to suck eggs", so she gave me this indicator.Does I G provide anything similar on platforms?

 

 

price action indicator anylysis.jpgprice action indicator.jpg

Link to comment

4 answers to this question

Recommended Posts

Guest EA-trader

Surprised not even the gurus know, that a free stochastics indicator called stochastics does the same job.Now this indicator could be demise of the fake Gurus.

Link to comment

IG will not provide any EA's or automatic trading bots, as that would deviate from our execution only business model. We will continue to provide the software used to execute trades, but will give no suggestion on market direction or automatically execute trades.

 

Obviously we have out analysts who give their own opinions on where the market could go as well as give market commentary on a number of other things, however at the end of the day this is just a single suggestion of a potential market movement which the client then needs to decide to act on if they agree. 

 

An EA is very different and we wouldn't be looking at adding this to our suite. 

Link to comment
Guest EA-trader

Hi James 

 

My question was a trick question.All the analysis, that a trader needs,is already available freely  on prorealtime and MT4. Most traders don't really need any more  analysis, opinions and trade ideas.We already have our own profitable trading methods.

 

As an example I am going to show this indicator, the stochastics, it is freely available on all IG platforms.The stochastics indicator is also a price action indicator.It is compared to the price indicator, posted in the chart below.

 

IG can continue it's expensive webinars,but really there is no need, because the analysis is already available on the free charts provided by IG.The stochastics indicator is already doing the price action analysis on most trader's charts.This eliminates the need for price action webinars for traders.

 

So trading industry gurus can keep on creating new useless "price action webinars and anylysis",they can keep re-inventing the wheel, and keep doing the same thing over and over ,expecting different results.

 

STOCHASTICS.jpg

 

The trading industry is full of geniuses, who think they are helping someone else,creating complex analysis etc,there is no need.

Link to comment

Thanks for the feedback. As with all things in life, preferences are different and sometimes things work for some but not for others. Further to this a lot of our webinars are actually educational as well as trade analysis, which does require a more 'webinar' approach. 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • 2024 has been a good year for crypto traders with signs of a bullish market prevailing. For the first time in 3 years, we are witnessing BTC set a new ATH repeatedly. If you endured the prolonged bear market of the previous years, you deserve these gigantic green candles! In addition to BTC's incredible run, several alts have broken out nicely; Ai, memecoin, GameFi projects and so on have spiked. Most notably in the month of February is the run of CEX tokens. According to Foresight News, centralized exchange tokens boast of a widespread price spike in February, based on data from ICO Analytics. Standing tall amongst many is BGB with 62% increase, while ASD, BNB, and KCS witnessed gains of 45%, 33%, and 22% respectively. As a BGB holder myself who’s been holding since June 2023 at an average price of $0.45, it’s been an incredible journey. I’ve witnessed it smash its ATH over again, the latest coming in February when BGB set a new ATH of $1.15. Aside the juicy ROI, BGB usecases have been a flex for me, granting me access to exclusive events, like Launchpads where I’ve also managed mouth-watering gains from my participations. BNB had a remarkable run in the last bull cycle, sadly I missed out having sold mine for peanuts. If you said I’m stoked to right my wrong with BGB this time, you wouldn’t be far from the truth!  Which CEX token(s) are you keenly observing?
    • Look at the transaction log to see why, Most of the time it's because your stop loss is set too close. 
    • The Bitget wallet provides a safe, easy-to-use, and readily available option for storing and overseeing users' cryptocurrency assets.
×
×
  • Create New...
sg