Quote from: Ratimov on Today at 01:45:44 AM

Quote from: thecryptogandalf on October 20, 2022, 01:45:02 PM

1. Lower Bollinger Band® cross LONG
2. Upper Bollinger Band® cross SHORT
3. Uptrend with EMA, PSAR, MACD LONG
4. Downtrend with EMA, PSAR, MACD SHORT
5. Moving average Golden Cross LONG
6. Moving average Death Cross SHORT
7. Upturn in momentum with RSI, SMA LONG
8. Downturn in momentum with RSI, SMA SHORT
9. Upward Momentum LONG
10. Downward Momentum SHORT

The problem with all these ready-made setups, as well as many similar ones, such as patterns on the chart, is that you cant make money on them. Beginners, when they find such patterns, begin to think that by applying them, they will immediately begin to receive profit. Nobody thinks that 100% signals do not exist and each pattern can develop non-linearly. That is, most traders memorize such patterns, but do not understand and do not know where and when to apply them correctly. Therefore, such signals are equally useless for both novice and experienced traders. Novice traders simply do not understand where and what to apply, and experienced traders do not need such figures and patterns, as they trade their own developed signals, which they understand best.

You are right about that. Novices will lose money with this and experienced traders lost their money long ago and now they trade more wisely