I actually prefer the combination of several indicators, for example, if I do some scalping, thne I use RSI and MACD. Of course, some traders can state that these indicators have to be used for higher timeframes, nevertheless they helpd me on M1 a lot. Moreover, I got used to use stochastic oscillator, if you set it up correctly, then probably it also can be used for scalping. Actually, I pay more attention to figures and patterns, because they have never betrayed me. Triangle works perfectly, especially on today's market. It's so volatile because of coronavirus and it's great to conduct echnical analysis actually.
There are a lot of indicators to test and use in your strategy. However, there are some basic indicators that every trader must know- 1) Moving Averages 2)Exponential moving average 3)Relative strength index (RSI) 4)Stochastic oscillator
GraceGilm posted: in general, I try to work without indicators, since there is little trust in them, or is this a mistake?
Not exactly the my theory. Use them, learn them, select your favorite ones and don`t go overuse in them. That`s it. Otherwise how could you know are they`re useful or not. Not using them at all is not something wise i think.
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