How to use martingale and rsi strategy to open trades when market is stable again in the new year

[Jason123]

How do you use the indicators successfully, which time frames to use and different strategies

 

[Jason Libson]

To use indicators successfully, combine them with a clear strategy, such as trend-following or reversal. For time frames, short-term (5-15 minutes) suits scalping, while longer ones (1-hour, 4-hour) work better for swing trading. Experiment with popular indicators like RSI, MACD, and moving averages to refine strategies and timing.

 

[Jonathan Lee]

To use indicators successfully, combine them for confirmation (RSI for momentum, MA for trends). Match indicators to your strategy: short time frames (1-5 minutes) for scalping, medium (1 hour) for swing trading, and long (daily) for position trading. Always backtest and adapt strategies to market conditions.

 

[Fin_Trader]

I would not recommend using the martingale strategy in your trading. For example, if the market is trending steadily in one direction, then attempts to trade using Martingale against this trend, increasing volumes on unprofitable positions, can lead to continuous losses, since the price will move in the direction that contradicts the trader's actions.