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Which Trading System Or Strategy Is The Most Profitable?

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  • Which Trading System Or Strategy Is The Most Profitable?

    I am not able to generate profit if any successful strategy or tips you have suggest to me.

  • #2
    Do you have any kind of trading plan?

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    • #3
      trading is a numbers game. You need a sample of minimum 100 trades to determine if a strategy is good. That would involve:
      1) Backtest a strategy or your idea manually
      2) follow it blindly for 100 trades
      3) if profitable keep going
      4) Make sure you keep on the right side of the expectancy curve. That is your win/loss and risk/reward results are on the correct side.
      https://blackstonefutures.co.za/why-...-rate-succeed/

      It's a numbers game, so rather than focusing on the strategy, Focus on understanding the math and numbers first and you will eventually find that there are many strategies. How you operate it will depend on the trader and not the strategy because you can have one trader doing the same steps and losing and another winning with the same strategy.

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      • #4
        There are so many trading systems out there it's hard to say which one is the most profitable.

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        • #5
          Nfx is right. Try as he suggests and sooner than later you will be able to find a profitable strategy.

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          • #6
            One has to come up with an actual strategy first...

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            • #7
              Profitable trading is all about mathematics:

              Risk/reward ratios
              Position sizing
              Backtesting
              Draw downs
              Returns
              Win%
              Losing streak
              probabilities
              Risk of ruin
              Stop losses
              Profit targets

              Get the right mixture of these and you can have a consistently profitable strategy.
              Combine confirmations and timeframes.
              “Learn from your mistakes and do not give up!”

              Outside the Box - Myfxbook
              Outside the Box - SimpleTrader Trade Copying

              Comment


              • #8
                RenkoGuy
                Do ever stop to think "why do I have so much spite and negativity" inside myself?
                Why am I always spewing hatred at others?
                Pls take your hate speech elsewhere.
                I really am sorry for people that limp thru life like you. Only hurting yourself and others.
                “Learn from your mistakes and do not give up!”

                Outside the Box - Myfxbook
                Outside the Box - SimpleTrader Trade Copying

                Comment


                • #9
                  1. It is true that some have lost money, depending on when they connected, what their risk multiplier was set at, how they managed their trades, and when they disconnected
                  2. This is true with every strategy provider and investor
                  3. Many also have made significant profits
                  4. Especially those who "hold their ground" during drawdowns, add to their investments in down times, take profits in the good times, and move to lower levels of risk at months' end
                  5. This is what I explained in May/June after the large drawdown, and now with the new upgrades, emphasis on the overall strategy above (with 1.5x, 2x, 2.5x, and 3x risk) there has been a very significant recovery and huge profits have been made. 25% in July and now 37% so far in August.

                  So you are not reporting the total picture, and actually doing a disservice to investors, because you are emphasizing a more emotional way of trading and following Forex.

                  Traders and Investors who are determined to master their emotions and become disciplined in their chosen trading plan should read or watch selected material on Trading Psychology.
                  Mark Douglas's "Trading in the Zone"-- he's got heaps of good content on Trading Psychology and becoming a Disciplined Trader. This is part 1 of 4.
                  I also have benefited greatly from his content, since I did need to hard-wire in a Rescue Level into my strategy.

                  “Learn from your mistakes and do not give up!”

                  Outside the Box - Myfxbook
                  Outside the Box - SimpleTrader Trade Copying

                  Comment


                  • #10
                    Originally posted by OutsideTheBoxHK View Post
                    Traders and Investors who are determined to master their emotions and become disciplined in their chosen trading plan should read or watch selected material on Trading Psychology.
                    Mark Douglas's "Trading in the Zone"-- he's got heaps of good content on Trading Psychology and becoming a Disciplined Trader. This is part 1 of 4.
                    I also have benefited greatly from his content, since I did need to hard-wire in a Rescue Level into my strategy.

                    Let me guess. All our forex frustrations will immediately vanish as soon as we buy your stuff. Am I right?

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                    • #11
                      landorra buy what? I gave resources that everyone can find on the internet - including summary videos of his books that can be found easily. your cynicism in this case will not help you or others. Do your own work / research. Hone your skills of regulation of your emotions while trading a plan with an edge and a risk management plan that is based on significant amounts of data (including MFE/MAE stats) of at least over 1000 completed trades.
                      “Learn from your mistakes and do not give up!”

                      Outside the Box - Myfxbook
                      Outside the Box - SimpleTrader Trade Copying

                      Comment


                      • #12
                        True. There is so much free information and so many free tutorials available on the Internet. It's better to exhaust those first before looking to a paid one.

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