London, UK (PRWEB UK) 22 July 2014
Indicator Guys took to the road for a number of trading shows and competitions this month. After winning the scalp trading at the trader t.i.p show they were asked if a trend was on the rise or over which they were allowed to use up to three technical analysis indicators to make the analysis. They chose something called a heatmap indicator to make the analysis and managed to stay in the trade for 26 points longer than 4 other contenders only beaten my a trader using Fibonacci.
Technical analysis is a type of trading which uses trading software in the form of add ons which usually plug in to a charting platform. The trading indicators help traders to make decisions quicker and more accurately by performing calculations or analysis algorithms to make an informed decision into the market.
Indicator Guys are a well known name in the trading industry, they provide education through the means of technical analysis and have created there own custom trading software to make this easier.
The scalping bundle they used was a few of these indicators all used together to get in and out of trades and the heatmap indicator was an indicator they have been working on for a while and only just released yesterday. These indicators are used within the Indicator Guys trading school and are also available on their website found below.
Chris Leonard, Founder of the Indicator Guys was asked why these indicators were chosen for the task, he said: "We chose these indicators for the competition because they give consistent wins, we was not looking to make many points so scalping was an easy choice and the heatmap really helped."
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