[Question] Isn't there a better method than entering with RSI, such as entering via contrarian or trend-following strategies? [Answer]
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How to skim about 5 pips using RSI in FX
【Questioner】
Rather than entering with RSI
Isn’t it better to enter using another method for contrarian and trend following?
【Answer】
Indeed there is some truth to that, but
RSI is inherently very easy to understand
For example, with MACD, in past charts it seems easy to enter
but in reality it’s not just a single line judgment, so it can be difficult
However, with RSI you can decide entries, take profits, and stop losses by considering the level values of a single line
which makes it easier in fact
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