the Best Technical Indicator in Forex

Now on to the good stuff: Just how profitable is each technical indicator on its own?
After all, forex traders don’t include these technical indicators just to make their charts look nicer. Traders are in the business of making money!
If these indicators generate signals that don’t translate into a profitable bottom line over time, then they’re simply not the way to go for your needs!
In order to give y’all a comparison of the effectiveness of each technical indicator, we’ve decided to backtest each of the indicators on their own for the past 5 years.
Backtesting involves retroactively testing the parameters of the indicators against historical price action.
Bollinger Bands (30,2,2)- Cover and go long when the daily closing price crosses below the lower band. Cover and go short when the daily closing price crosses above the upper band.
MACD (12,26,9) – Cover and go long when MACD1 (fast) crosses above MACD2 (slow). Cover and go short when MACD1 crosses below MACD2.
Parabolic SAR (.02,.02,.2) – Cover and go long when the daily closing price crosses above ParSAR. Cover and go short when the daily closing price crosses below ParSAR.
Stochastic (14,3,3) – Cover and go long when Stoch % crosses above 20. Cover and go short when Stoch % crosses below 80.
RSI (9) – Cover and go long when RSI crosses above 30. Cover and go short when RSI crosses below 70
Ichimoku Kinko Hyo (9,26,52,1) – Cover and go long when the conversion line crosses above baseline. Cover and go short when conversion line crosses below base line