What strategy actually works? - page 4

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Oleksandr Medviediev #:

Everything here is purely by EA (99.9%)

What targets on TP and SL do you have in mind?

Understood - I only mentioned for anyone new to the platform.


In my EAs for FX majors, I use 2500 points for the initial SL and trailing stop losses to take profits; a threshold of 100 points in profit for the TSL to activate then trailing distance of 50 points to keep win rate high but also take advantage of large price movements.

 
Lucky Minayo:
Guys, I have been trading since 2011, I have tried nearly 2000 strategies, I have build almost 2000 Eas and indicators, on this olatform and on other platform, but I have not really found what works, what actually works? and does such a thing exists? 
The most thing to remember is: Neither you nor a trading algorithm can predict the market. From there you go about building systems that are free of this burden.
 
Ramsey Reed #:

Understood - I only mentioned for anyone new to the platform.


In my EAs for FX majors, I use 2500 points for the initial SL and trailing stop losses to take profits; a threshold of 100 points in profit for the TSL to activate then trailing distance of 50 points to keep win rate high but also take advantage of large price movements.

I tried your EA today (backtesting) and have to say that it is interesting. It is not taking many trades, but for good reason, it places an emphasis on being safe.

 

The simpler the strategy, the better. I have witnessed numerous instances where traders overcomplicate their approach to the point where it is almost impossible to comprehend.

I've seen too-basic strategies that produce good results, like donchain channels and range breakout.

Additionally, I would like to believe that successful strategies frequently incorporate some form of grid, hedge or martingle functions, which a manual trader may find difficult. 

 
I’ve got an economist locked up in my basement. Every morning, I shake him violently by the shoulders and yell, ‘Up or down?!’ Then I trade whatever he mumbles. If I lose a trade, he gets punishment.

This is my strategy. Have you tried it?

 
Conor Mcnamara #:
I’ve got an economist locked up in my basement. Every morning, I shake him violently by the shoulders and yell, ‘Up or down?!’ Then I trade whatever he mumbles. If I lose a trade, he gets punishment.

This is my strategy. Have you tried it?

That's one of the funniest things on this website.

I'll like to discuss my trading with you. Please don't assume I'm just another fake guru. Let's actually talk first. I have data to back up everything I say.

 
Lucky Minayo:
Guys, I have been trading since 2011, I have tried nearly 2000 strategies, I have build almost 2000 Eas and indicators, on this olatform and on other platform, but I have not really found what works, what actually works? and does such a thing exists? 
Hehe
Try to use minimal lots with larger TP range .
Trading can be so simple if you cut out the impatience.
Entry doesn't matter... What matters if what you do after you opened a position....


 

take any strategy

modify it for your style/personality

back-test it, tune it an improve it till you get better results, then

start to forward-test in demo account to see it's performance


I strongly believe that

If you work on any strategy long enough

any strategy can be profitable...

 
Ibrahim Kisioglu #:

take any strategy

modify it for your style/personality

back-test it, tune it an improve it till you get better results, then

start to forward-test in demo account to see it's performance


I strongly believe that

If you work on any strategy long enough

any strategy can be profitable...

Very inspirational indeed

  • if you polish any rock long enough.. it becomes a diamond
  • if you stare at MT5 long enough.. it gives you alpha
 

If you are looking for a decent strategy with 50-60% Win Rate

there are many strategies working well with 1:2 or 1:3 RRR

If you work long enough with any average strategy, I strongly believe that it you can turn it into a  "Goose that Laid the Golden Eggs"

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