Many professional traders use band indicators, which can effectively track trends, assess overbought and oversold conditions, and conveniently set stop losses. Of course, it also has a significant advantage that all indicators possess, which is ease of quantification. Many people use methods and judgments about the market that are relatively vague, which is an area that needs improvement in trading thinking. This is because ambiguous methods and viewpoints can lead to difficulties in achieving consistency during execution. During backtesting, it is easy to be inclined to see favorable signals while ignoring unfavorable ones.
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Therefore, traders should leverage the advantage of indicators being easy to quantify, forming a clear and explicit trading system that incorporates both the profits and losses they deserve, and strive to objectively measure its performance.
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