Yes, classic indicators like the RSI and MACD still work in automated bots, but rarely on their own. Traders usually combine them with trend filters, volume checks, or volatility measures to avoid whipsaws in choppy markets.
When testing indicator-based strategies for prop firm evaluations, remember that automated trading must respect tight daily loss limits and strict consistency rules. A simple RSI oversold signal might trigger frequent entries, which can quickly breach drawdown limits if market conditions turn sideways.
How do you filter your bot's indicator signals to keep drawdown under control? Share your setup below!