Is it right to do trading based on indicator only?

vicjon1995

Active Trader
Sep 29, 2020
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Yes, it is fine to base your trading strategies on indicators. However, I would not put my blind faith in it. Back-test your strategy first.
 

LHill97

Trader
Oct 5, 2021
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Is it right to do trading based on indicator only?
I would avoid personally.
Indicators are virtually always based off of averages/calculations on previous price movement.
They are definitely useful, but not viable by themselves.