There are many indicators in the world of trading and each has its own minuses and pluses.
To smooth out the disadvantages and benefit from the advantages, you can use several indicators at once.
This trading strategy is based on the use of RSI and MACD.
Everyone knows that when a fast moving average crosses a slow one from top to bottom, it is necessary to sell.
When the fast moving average crosses the slow one from the bottom up, buy.
In this case, in order to open a position, the trader must wait for signals from one indicator first, then from the second, and only after that open a position.
On the ETH chart, we see that on November 6, the RSI gave a sell signal. This signal alone is not enough, but after seeing it, you should be ready to open a deal soon.
On November 15, the MACD gave a sell signal and already here the trader should open a short.
Where to set a stop loss and when to close a position is up to you, but there is an easy way.
Stop loss can be set for the previous maximum/minimum, and the position can be closed when the indicators signal the opening of a position in the other direction.
Specifically, in this position, a stop loss could be set for a maximum of 4880.85 on November 9.
It was possible to close the position when the MACD showed a buy signal, the price had already fallen by 46% by that time.
As you may have noticed, the RSI sometimes shows premature signals, which is why it is important to wait for the MACD signal.
Positions at numbers 2 and 4 show that after the RSI showed a sell signal, the price went even higher, updating the maximum and only after the MACD signal it was worth opening positions.
Be careful, be patient.
Whoever knows how to wait gets everything.
To smooth out the disadvantages and benefit from the advantages, you can use several indicators at once.
This trading strategy is based on the use of RSI and MACD.
Everyone knows that when a fast moving average crosses a slow one from top to bottom, it is necessary to sell.
When the fast moving average crosses the slow one from the bottom up, buy.
In this case, in order to open a position, the trader must wait for signals from one indicator first, then from the second, and only after that open a position.
On the ETH chart, we see that on November 6, the RSI gave a sell signal. This signal alone is not enough, but after seeing it, you should be ready to open a deal soon.
On November 15, the MACD gave a sell signal and already here the trader should open a short.
Where to set a stop loss and when to close a position is up to you, but there is an easy way.
Stop loss can be set for the previous maximum/minimum, and the position can be closed when the indicators signal the opening of a position in the other direction.
Specifically, in this position, a stop loss could be set for a maximum of 4880.85 on November 9.
It was possible to close the position when the MACD showed a buy signal, the price had already fallen by 46% by that time.
As you may have noticed, the RSI sometimes shows premature signals, which is why it is important to wait for the MACD signal.
Positions at numbers 2 and 4 show that after the RSI showed a sell signal, the price went even higher, updating the maximum and only after the MACD signal it was worth opening positions.
Be careful, be patient.
Whoever knows how to wait gets everything.
