How to use indicators in trading ?

Indicators do not specifically provide any buy and sell signals; a trader must interpret the signals to determine trade entry and exit points that conform to his or her own unique trading style. Several different types of indicators exist, including those that interpret trend, momentum, volatility, and volume.

Traders will plot a MACD line on a chart. This is the distance between two moving averages. A signal line, which is the moving average of the MACD line, is then added to the mix. If the MACD line cuts through the signal line from below, it can be used as a buy signal.

The strategy is named after its three key components: 5 (five currency pairs to focus on), 3 (only three trading strategies), and 1 (pick one time to trade). The main goal of this forex algo trading strategy is to maintain consistency, minimize risks, and maximize the traders' overall returns.