Is it right to do trading based on indicator only?

[IndraMA]

Is it right to do trading based on indicator only?

 

[Enivid]

Why not? Indicators can be quite complex and helpful if used right.

 

[vicjon1995]

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.

 

[Ávila]

it is better you add some price action strategies to validate the indicators

 

[LHill97]

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.

 

[Dora_WalletInvestor]

It's possible, but if you are a beginner, make sure to learn about doing technical analysis for yourself. That can help with optimizing the use of the indicator.

 

[kathleenaustin]

Indicators are helpful only if you know how to use them correctly, and relying only on 1 is never a good idea.

 

[jimcarter]

The best way to trade is to follow indicators plus consider local and global events.

 

[HeavenLeighGill]

Yes, but you should also be careful. Be sure you know what you're doing and I think that combining the use of indicators while considering other things is also helpful.

 

[fargana]

Is it right to do trading based on indicator only?

Yeah, for some trading system a combination of moving averages is enough. Many trading systems are based on that.