yea placing an indicator in your mt4 chart helps lot, in the sense that indicator provides you with the trading signals, it tells you when to enter a trade and when not trade.Generally, placing indicators on charts help analyze markets and charts but do they really help or are they just a distraction?
Dear ambitionfx,
Your pint of view is correct, in order to use indicator you need to analyse your indicator and also you should use correct indicator for particular currency pair. Best indicator can help you to earn more profit.
Indicators can definitely help—but only when used with purpose. They’re best seen as tools for confirmation, not decision-makers. For example, moving averages can show trend direction, RSI can highlight momentum shifts, and volume indicators can signal strength behind a move. But relying too heavily on them, or stacking too many at once, can lead to confusion and missed opportunities.Generally, placing indicators on charts help analyze markets and charts but do they really help or are they just a distraction?