It’s possible to develop a "holy grail" trading strategy that can be applied to forex, stocks, and CFDs. Since joining Elite Trader, I’ve gained valuable insights that have helped me refine my approach. Now, I’m giving back so others can refine their approaches as well. After studying forex for the past 10 years and stock trading for 3 years, I’ve developed a strategy that delivers consistent results with minimal drawdown. This thread is about publishing trading performance and sharing some of the tactics anyone in the world can use. I’ll provide myfxbook link for transparency and MQL5 link for additional statistics. The strategy is based on price action and momentum trading, focusing on identifying strong support and weak resistance in bullish markets through hourly analysis. Trades are typically held for 1 hour, but if they’re not in profit within the first 30 minutes, close them to limit potential losses. REMEMBER: Quality over quantity is key. You will soon discover that one of the tactics is waiting for high-probability setups instead of chasing every opportunity to reduce risks and improve profitability. Focusing on just the best 2–3 trades per month and aiming for a consistent 5% to 20% return is a smart approach. This also aligns well with momentum and price action strategies—taking fewer trades but maximizing the edge in each one.
A few comments: 1. There is no such things a "holy grail," re trading; 2. 3 years of stock trading, especially the past 3, is rather meaningless; 3. There is no such things a "consistent results with minimal drawdown;" 4. And to sum-it-up: Anybody whom adds "Guru" to their name or handle, is definitely not one.
What are you talking about, since when you are consistent profitable ? Because 10 years doing 10% monthly (which is the middle of your 5% to 20% monthly returns you said), it is already about 100000 times returns, so you must be already a $$$ billionaire ? Or you are assuming you will be a $$$ billionaire with your approach in some years ? Come on be realistic and focus on the trading day. Dreaming from the future with static metrics going forward everyone can do.
You really are insufferable. He never specified whether the 5% to 20% returns were monthly or yearly, nor did he say he was profitable for 10 years, he simply said he has been studying forex for the past 10 years. You could have just asked him for clarification, or for his myfxbook link, before you spouted off. Meh, you just want an excuse to rage.
I think less is more in trading. Good setup & consistent returns are important. How'd you handle market condition when momentum slows down.
The strategy is effective in both forex and stock markets. However, the focus will begin with forex due to its relative simplicity and higher accessibility. Starting with forex allows for a clearer understanding of key concepts, providing an ideal foundation before applying the strategy to other markets like stocks.