Which set of indicators should I use for trading

Every year more and more programs are being created that allow you to automate trade or improve the methodology for analyzing a financial asset. One of the key components of modern fix api trading is auxiliary indicators. Technical indicators have become an integral part of modern analysis and forecasting of the future value of an asset. Indicators allow you to analyze the currency pair for fix api forex and give the trader information about the status of the instrument.

As is known, there are several types of technical indicators:

? Trend;

? Oscillators;

? Volumetric.

All these types are a technical element of the market analysis, which allows you to predict further price movement and generate a signal to buy or sell.

However, the big popularity of the indicators raised the question: "Which of the types of indicators should be chosen as a key element of the analysis?". And I immediately answer it - you need to combine various technical indicators. That is, use both trend indicators and oscillators. But! An important factor is the selection of such elements from one group. This will create a comprehensive system, which will be a certain filter when opening or closing transactions.

Thus, using several types of indicators from one group, one can expect positive results from the formed trading system. An important factor is also a combination of indicators (not a large number, and usually 3-4 elements) with other graphic technical figures and objects. For example, the use of trend indicators will determine the presence of a trend, the oscillator will demonstrate the strength of this trend, and support or resistance levels will display the most optimal entry/exit points from the trading operation.