What strategy actually works? - page 5

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Hello......


I know exactly how you  feel, it can be very frustrating.

It is very nice to see the positive comments given by the Trading community. I have not been Trading for as long as you, but I have noticed that each Pairs (Forex) move with there own characteristics, so if you are using 1 Strategy to Trade the 28 pairs, well you will get wins and losses and will breakeven in the long run.


The best way for a Retail Trader with small funds is to pick 1 or 2 pairs and find a Strategy that is tradable with these 2 pairs or a pick a basket of pairs.


Just my opinion.

 
Tripl3333 #:

Hello......


I know exactly how you  feel, it can be very frustrating.

It is very nice to see the positive comments given by the Trading community. I have not been Trading for as long as you, but I have noticed that each Pairs (Forex) move with there own characteristics, so if you are using 1 Strategy to Trade the 28 pairs, well you will get wins and losses and will breakeven in the long run.


The best way for a Retail Trader with small funds is to pick 1 or 2 pairs and find a Strategy that is tradable with these 2 pairs or a pick a basket of pairs.


Just my opinion.

Yes and no. 

For sure there are some strategies that may work fine only on some pairs due to intrinsic characters (like pairs that make stronger breakouts, or pairs that tend to come back to their mean easily). 

But it's also true that some strategies that applies to all 28 forex pairs exists and are used to make profit consistently and in long run. Of course to have a strategy that adapt correctly to different pairs it need to be studies with a particular approach (like not using points/pips but ratios of daily range, just to name the first and most important one in my opinion).

Overall, there are no perfect strategies, even if a strategy apply only to a pair or to the whole market, it will have its strength and weakness, it's part of the game and understanding and accepting it it's the first step to be a trader.
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The main thing is risk management. 


E.g. if you use a grid EA, do some calculations to see if it will survive the larges spike up or down in the last few years. If not, you're overloading your account.


If you use the right lot size, distance and multiplication you can be very safe, even with a grid.


The other option is to use non-grid EAs. Use a variety of them with various pairs each with very low risk.


Do the best possible backtests withe real ticks - every tick or 1min OHLC is just fake!

 
Classical Success #:

The main thing is risk management. 

E.g. if you use a grid EA, do some calculations to see if it will survive the larges spike up or down in the last few years. If not, you're overloading your account.

If you use the right lot size, distance and multiplication you can be very safe, even with a grid.

The other option is to use non-grid EAs. Use a variety of them with various pairs each with very low risk.

Do the best possible backtests withe real ticks - every tick or 1min OHLC is just fake!

I agree with all, except the last part. Every tick, or even OHLC can be trusted, if you know their technical difference, and you know where a system can be tested using them. You can also save a lot of precious time.

Also, paradoxically, a system that strongely need a real tick backtest to be trusted is very probably a too delicate system, that will perform different with every different broker, and in real usages will always differs a lot from any history study made on it.

As always, knowledge make the difference.
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Fabio Cavalloni #:
I agree with all, except the last part. Every tick, or even OHLC can be trusted, if you know their technical difference, and you know where a system can be tested using them. You can also save a lot of precious time.

Also, paradoxically, a system that strongely need a real tick backtest to be trusted is very probably a too delicate system, that will perform different with every different broker, and in real usages will always differs a lot from any history study made on it.

As always, knowledge make the difference.
Thank you for your input. I will take that into consideration!
 

Dear (s),

  I tried too many strategies , all of them works in some time events and not in other , works in several pairs but not with others... so u need to try what suitable for you upon your pair , budget and plans..

for me the scalper (short deal) is the best..


best luck.

 
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 thing is you are looking into too many strategies.. let me tell you something... Every strategy works!!!!!!!!! But every strategy has its own pro's and con's.. so keeping that in mind one needs to adjust itself. Scalping, swing, day trading.. all work!!! Don't try to strategy fit in you but try you to fit in strategy.
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Fabio Cavalloni #:
Every tick, or even OHLC can be trusted, if you know their technical difference, and you know where a system can be tested using them. You can also save a lot of precious time.
Just to follow up - you should always do a spot test and run the backtest with the same settings and the same time period with real ticks and compare that with e.g. 1minOHLC to see if the results are similar. If they are similar, yes, then you can use the quick method. But there are many EAs selling on the market that look great with 1minOHLC but they're fake bots that can't do anything with real ticks or in real life.
 
I’ve realized that instead of constantly switching strategies, it’s better to choose one solid and refine it over time. Staying committed lets me understand the nuances, optimize my approach, and build consistent results, rather than chasing every opportunity that pops up.
 
Classical Success #:
Just to follow up - you should always do a spot test and run the backtest with the same settings and the same time period with real ticks and compare that with e.g. 1minOHLC to see if the results are similar. If they are similar, yes, then you can use the quick method. But there are many EAs selling on the market that look great with 1minOHLC but they're fake bots that can't do anything with real ticks or in real life.
Totally agree. A comparison test should be always good.
Anyway, if you are testing your own EA and you know how you exactly coded it, you may know in advance if it's a system that can be tested with OHLC or not.
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