What strategy actually works? - page 2
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If you've tried 2,000 strategies and EA's then this seems like either A) you're testing wrong or B) your expectations don't line up with reality.
A) Are you using good data, have you selected "tick data from actual ticks" and not "tick data"?
B) What are you expecting here, something that prints money day in and day out? If that's the case, seriously, go sell something. Find a product to re-sell, make something, etc. as trading is not your thing.
But if you test 2,000 EA's then there's very little chance none are profitable. Some of those will make money, but keep in mind profitable and what you want are likely two different things. If you want 50% win rate with 1:10 Risk:Reward then you'll be looking forever.
believe me 99.9% were complete useless, even if they were usefull, it only lasted a few months.
Try to combine the all strategy and find the common patterns or profitable EA or Indicators
I have had to put upto 50 indicators in the same chart, and still even if i wait for all of them to align, its still a distaster
I have had to put upto 50 indicators in the same chart, and still even if i wait for all of them to align, its still a distaster
I'm always astounded when I see traders using more than a handful of indicators. It makes me wonder... Are you really evaluating all of the attributes of each indicator in your strategy? There is a lot going on within each simple indicator:
- Slope (up or down, not angle)
- Number of consecutively sloped indicator bars
- Number of consecutively sloped price bars
- For chart window indicators, position of indicator bars in relation price bars (span or crossover)
- For separate window indicators, position of indicator bars in relation to levels
- For multiple indicators in the same window, indicator A bars in relation to indicator B bars (span or crossover)
My EA's trade just fine with 2 or 3 indicators, max. Of course, I understand that these attributes aren't so readily tracked in manual trading.I have had to put upto 50 indicators in the same chart, and still even if i wait for all of them to align, its still a distaster
If you want to trade purely on technical analysis, it's still possible to win, but in this case you accept the losses involved.
Yes, every trader loses on some trades. In any algorithmic or manual trading strategy, you must have 4 statistics:
Your winners "simply" have to outrun your losers. For example, let's say that you're losing an average of 5 trades for every winning trade. On its face, this is obviously not good. But if your average loser nets -50 USD and your average winner nets 700 USD, all is well. This might be achieved by way of implementing fixed initial stops and dynamic exits (which allow profits to run).
Your winners "simply" have to outrun your losers. For example, let's say that you're losing an average of 5 trades for every winning trade. On its face, this is obviously not good. But if your average loser nets -50 USD and your average winner nets 700 USD, all is well. This might be achieved by way of implementing fixed initial stops and dynamic exits (which allow profits to run).
Yep..and this is what "profitable trading" really means.
Have you considered the classic buy-and-hold strategy with a stock market index ETF like SPY? The long-term trend is upward, making it one of the most predictable "strategies" available. Freeing yourself from developing 2000 EAs, you can focus on more personally rewarding activities. I know this is not the answer you were looking. You probably wanted tips about "profitable" trading strategies so that you can write another 2000 EAs to convince yourself that they don't work.
I tried this strategy in 2014m, it worked untill around 2018 when there was a crash, ever since the EFT has been so unpredictable, I really don't think buy - hold strategy actually works, but its possible it works
I'm always astounded when I see traders using more than a handful of indicators. It makes me wonder... Are you really evaluating all of the attributes of each indicator in your strategy? There is a lot going on within each simple indicator:
- Slope (up or down, not angle)
- Number of consecutively sloped indicator bars
- Number of consecutively sloped price bars
- For chart window indicators, position of indicator bars in relation price bars (span or crossover)
- For separate window indicators, position of indicator bars in relation to levels
- For multiple indicators in the same window, indicator A bars in relation to indicator B bars (span or crossover)
My EA's trade just fine with 2 or 3 indicators, max. Of course, I understand that these attributes aren't so readily tracked in manual trading.I haven't thought about it this way, my idea with the 50 indicators was, if have that high number of indicators, it would help me filter out any bad trade trades, however, it proved the same, even with the 50 indicators, I still could encounter trades that are loosing.