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Re: Tell me how stupid is my strategy
Posted: Thu Jun 23, 2022 4:28 am
by Intrest 1
Forexlearner wrote: Wed Jun 22, 2022 10:03 pm
as a beginner i don't get how you can make a winning strategy based on repainting, something i tried searching and didn't found the answer
That is, in the market it is much more important to know where you will put your take profit than what indicators you will use to open a deal. When you know where to put a take profit, then even the indicators themselves are no longer so necessary. For trading automation, the quality of indicators matters, for manual trading it is not very important,
because many traders do not use indicators at all and they are successful
Re: Tell me how stupid is my strategy
Posted: Thu Jun 23, 2022 8:38 pm
by Jedidiah
It is not convenient for me to comment on your trading system.
I am also a novice. Trading experience is only 9 months. From my own experience so far.
want to make a profit. Need to accurately capture market volatility.
Avoid all unnecessary transactions.
Especially when there is no trend in the interval.
Re: Tell me how stupid is my strategy
Posted: Thu Jun 23, 2022 11:33 pm
by Forexlearner
i've been chasing the crossoverss since day one. I will take a look at trade pullbacks thanks, i guess i must focus more on the price action. thanks
Re: Tell me how stupid is my strategy
Posted: Fri Jun 24, 2022 11:01 pm
by Forexlearner
now this was a great advice, been looking into it and a all world oppened up. thanks
Re: Tell me how stupid is my strategy
Posted: Fri Jun 24, 2022 11:04 pm
by Jedidiah
Forexlearner wrote: Fri Jun 24, 2022 11:01 pm
now this was a great advice, been looking into it and a all world oppened up. thanks
I think you should trade volatility and follow the trend.
Trends are your friend.
Re: Tell me how stupid is my strategy
Posted: Fri Jun 24, 2022 11:46 pm
by Meyney
honje19960321 wrote: Fri Jun 24, 2022 11:04 pm
I think you should trade volatility and follow the trend.
Trends are your friend.
Trading pullbacks = following the trend + volatility (wait for the impulse-move-volatility) and get a decent entry on a pullback.
Re: Tell me how stupid is my strategy
Posted: Sat Jul 23, 2022 6:35 am
by RodrigoRT7
太虚一毫 wrote: Tue Jun 21, 2022 10:35 pm
Of course, for example, the step ehlers optimal tracking filter modified by Mr. mrtools yesterday: just looking at the candles signal is also good. If you combine any other 2 signals, you can intervene.
The step ehlers optimal tracking filter indicator itself also provides other signals, such as the main line discoloration. It is almost a perfect trading system, and the number of signals (trend reversals) provided per day is not many.
I imagine that with the Adaptive Jurik Filter (or anything with Jurik) it's a nice starting point ;D
Re: Tell me how stupid is my strategy
Posted: Thu Sep 15, 2022 4:57 pm
by Jakethetrader
the strategy must work well for oneself. doesn't matter how easy it is
Re: Tell me how stupid is my strategy
Posted: Thu Sep 15, 2022 7:06 pm
by 2banglak1993
Intrest 1 wrote: Thu Jun 23, 2022 4:28 am
That is, in the market it is much more important to know where you will put your take profit than what indicators you will use to open a deal. When you know where to put a take profit, then even the indicators themselves are no longer so necessary. For trading automation, the quality of indicators matters, for manual trading it is not very important,
because many traders do not use indicators at all and they are successful
Hi Intrest 1
how to find the right take profit for an overbought/oversold trading strategy
Re: Tell me how stupid is my strategy
Posted: Fri Sep 16, 2022 2:45 am
by Intrest 1
2banglak1993 wrote: Thu Sep 15, 2022 7:06 pm
Hi Intrest 1
how to find the right take profit for an overbought/oversold trading strategy
Hello.
Everyone has their own preferences depending on the investment horizon.
Someone puts takes on fibo extensions, someone on the levels of the Gann grid, someone uses some kind of channels...
Personally, I like Vadimchi's method for setting targets and take profit