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Author Topic: Any essence of using too many indicators?  (Read 1046 times)

Offline Sim_card

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Re: Any essence of using too many indicators?
« Reply #15 on: June 09, 2024, 06:04:59 PM »
It depends on which of the indicators that will work for you, and that you can understand easily when using it. It is good to try various indicators during when you are learning to see that which is good for you when trading. I don't like using multiple indicators because it will complicate things for me. However, some traders uses multiple indicators when trading. Test them and find out the one that is cool with you.

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Re: Any essence of using too many indicators?
« Reply #15 on: June 09, 2024, 06:04:59 PM »

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Re: Any essence of using too many indicators?
« Reply #16 on: June 09, 2024, 07:14:42 PM »
It somehow directs and shows you who you are as a person. I know people who trade a lot and have minimum indicators for their trading but can be successful. It will depend on the strategy that they will be using and what the market is in right now.

I suggest that it's important to find your own style and be consistent with it. Use a bot if you need to like Gunbot for your trading needs.
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Re: Any essence of using too many indicators?
« Reply #16 on: June 09, 2024, 07:14:42 PM »

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Re: Any essence of using too many indicators?
« Reply #17 on: June 09, 2024, 11:44:56 PM »
It depends on which of the indicators that will work for you, and that you can understand easily when using it. It is good to try various indicators during when you are learning to see that which is good for you when trading.
If someone use multiple indicators, they must know well those indicators. It doesn't make sense if they use the indicators but they don't really know it them. Well, it is good if someone use multiple indicators in trading, it must increase the accuracy when we analyze certain coins. More indicators means a deeper analysis on the coins.

I don't like using multiple indicators because it will complicate things for me. However, some traders uses multiple indicators when trading. Test them and find out the one that is cool with you.
Why it is complicated?
If you often use multiple indicators, you won't feel it is complicated anymore.
Just try to use more indicators, I think it won't complicate you anymore after you apply it for few weeks.

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