Why Traders Keep Creating New Strategies Instead of Improving One Good One

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Hello!

Many traders create new strategies even when they already have a good one. The main reasons are boredom during quiet periods, frustration after losing streaks, and the constant search for something "better."

However, the wiser approach is to stick with one solid strategy and continuously improve it — by adding filters, better risk rules, or adapting to market changes.

One common issue is feeling incompatible with their own EA (Expert Advisor). Traders often prefer manual control, don’t fully trust automation, or find that the robot doesn’t match their personal style and emotions.

Best solution: Master and refine your core strategy first, then build an EA version to handle execution while you supervise and evolve the rules.

 
Lungile Mbanjwa:
One common issue is feeling incompatible with their own EA (Expert Advisor). Traders often prefer manual control, don’t fully trust automation, or find that the robot doesn’t match their personal style and emotions.

All nonsense.

-Why would your build YOUR OWN ea to not match your style? 

-Where did you get that traders prefer manual control while automated is the most popular? Did AI tell you this?

Apart from that. Diversification. Why bet on one horse? If it breaks a leg you are left with nothing and subsequently are forced to come up with something new. Diversifiaction using non-correlated markets and or strategies makes for a more stable return. And you will have to improve every single one of them continuesly.

 
I try to work with what works for me. If it doesn't work, I have to figure out why, I try to keep risk management minimal because too much risk management means you're trying to compensate for a bad signal detection system
 

The thread title begs the question... What exactly constitutes a "new" strategy?

Generally, most components of my EA's remain fairly constant, e.g., time (month, day, hour, minute) filters, fixed stops, trailing stops, time-based exits, enable/disable longs/shorts, alternate longs and shorts, SL/account balance based risk, etc. So if I modify something in an EA's trading conditions only, is that a new strategy? Complicating the matter further, all of those aforementioned components have adjustable inputs. What if I change the default settings of those, or some of those, inputs? What if I add a new indicator? And if I remove one?

My point is that I could easily modify a preexisting EA into something that trades nothing like that preexisting EA, yet still shares 95% of the same code. Again, how do we define a new strategy?

 
Bud if Warren Buffett is looking for employees he ain't hiring retail traders . You won't find any hedge fund managers here only degenerate gamblers . You answered your own question !. 
 
Victor Paul Hamilton #:
You won't find any hedge fund managers here only degenerate gamblers .    

Are you putting odds on that?

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