That’s what I also do. Thanks to my uncle (my mentor), who had already told me that it’s good to stick to your strategy but you should not make decisions blindly. You must consider different situations and then, make your decisions. So, whenever I learn something new, I apply it on my brokers’ demo accounts (fxview and plus500) before going live. This doesn’t only add to my knowledge but also lets me know what I should avoid doing when I do live.
@Mirth I have tried applying different strategies but I end up confusing everything and this makes me lose in the end. What do you suggest I do?
The best EA that you will ever use is the one that you build yourself. If you don’t have any coding knowledge, you can get in touch with expert programmers to build one for you.
No there is no such thing as the best trading strategy because we have to remain flexible through the whole trading journey. If markets are stagnant then we can do scalping and we change our strategy according to the movement in the markets.
I think the best strategy is the one which you make yourself from the ground because at that moment we learn so much about the markets, we already make ourselves resilient to the changes in the market. I have chosen the brokers i.e. Fxview and IB on the aspects which I have considered for myself, that is, multiple ranges of markets plus fast withdrawal, so I can easily reinvest the money into markets. So during the process I have learned so much about the markets that I have made backup plans that if a particular strategy does not work, then at that moment how I will transform my strategy to some other one with keeping some of the similar sources.
Best strategy is the one which works for you; if not then it is not the best strategy for you because you are losing your hard earned money in trades.
Sure there is, buy stock index futures right before 3:00pm CST. Then sell before the market opens back up. You will make money while you sleep. Doesn't get any easier than that. See the gap up on the open. Thats your profit.
%% Good correction + uptrend=friend trend direction.............................................................................. Stock /ETF market is not a zero sum game @ all. Best to do more than'' one best '' etf OR ONE BASKET OF STOCKS for example. Almost always biggest % stock gainers have the biggest drawdowns or can go BANRUPT. Some may think 3% is not a big problem/i dont also. BUT every bear market bear move[20% OR 80% DD IN QQQ IN 2000-2002 march BEAR \HAD A 3% DIP IN IT. Like Billionaire /trend follower JH said ''what he calls luck i call a small sample''
I am a retired engineer, so after trying to wing it for several years I found a few books on quantitative trading. If I can't find a successful system by backtesting then I won't trade it. I am just beginning the quant learning, but I like what I see. It is systematic, statistically significant methods I look for.