[Episode 5] The more indicators you add, the less you win.
I have tested countless indicators up to now.
Moving averages.
Bollinger Bands.
RSI.
MACD.
Stochastic.
ATR.
I have examined each characteristic one by one, changed the combinations, and repeated backtests many times.
That is why I can say clearly now.
I have never become better at winning by adding more indicators.
Of course, this does not mean that “indicators are unnecessary.”
The issue lies in how you use them.
When you start losing, people choose to “add”.
Lose in FX.
Then many people think this:
“With these conditions, the accuracy isn’t enough.”
So they add RSI.
Now the deceit becomes a concern.
They add MACD.
They also add moving averages.
They display Bollinger Bands as well.
Soon enough, the chart is filled with information.
At first glance, the analysis seems more precise than before.
But is that really true?