Mechanical Trading Strategies: A lot of best traders use some kind of mechanical rules based on technical analysis in their trading strategies. The trader should follow these rules exactly without hesitation or emotions and rules utilising multiple technical indicators to help them to identify price trends and future trading opportunities. Technical analysis is a form of trading strategy that looks purely at historical price action to determine current and future price trends. Examples: Fibonacci analysis, trend, momentum, volatility and volume based strategies using indicators like SMA, MACD, RSI stochastic, Bollinger Band, ATR, Standard Deviation etc