We check the indicators from Trading Central - Week # 3

The penultimate week of the test in which we are checking has passed a package of five indicators from Trading Central. We are approaching the finish line and in a week's time the final summary will be released, in which we will present the collective advantages and disadvantages of the tested tools. As a reminder, we do not use any other indicators and we do not use additional analyzes. Our investment decisions  they are based only on signals generated by the above-mentioned "Trading accessories". Our starting balance in IC Markets was $ 1000. How is it currently taking shape? More details below.

Be sure to read: Trading Central - Independent market analyzes [Review]

Trading Central Tools - Week # 3

The third week was similar to the first in terms of the number of operations performed. This time they were successfully completed 18. This is not a large number, but a profit amount + 239,56 USD and the effectiveness of nearly 90% of profitable transactions can be considered a good result. We still have 7 active positions, two of which are positive.

In practice, it turns out that one of the most interesting tools is the indicator Analyst Views. It shows us not only the key levels that are constantly updated, but also additional tips regarding the current situation and the trend that prevails on a given instrument.

On the example of a couple EUR / USD we can see that, as predicted, the first target of 1.17750 was reached. The next level of 1.17350 is the closest possible and as long as the price remains below 1.8250 the preference is down.

Third week result:

• 18 realized items, including 16 profitable and 2 lossy,
• Instruments: XAU / USD, XAG / USD,
• Realized profit of 239,56 USD.

Account status since test start:

• 7 realized items, including 63 profitable and 14 lossy,
• Instruments: EUR / USD, XAU / USD, USD / CAD, XAG / USD
• Total profit of 1066,41 USD,
• Balance of active positions on a loss -1432,38 USD.

Summation

The balance of closed positions in relation to open positions is not satisfactory. This does not mean that the tested indicators are useless. However, we slowly come to the conclusion that their use could constitute an additional element in a more complex investment strategy. After the test is over, it will turn out whether all of them will be worth our attention, or whether only one of them will be the winner.