As a Trader, what is your most Profitable Trading Strategy and what Instrument has been your most profitable?
What is your most Profitable Trading Strategy?
- Thread starter fidelcrest
- Start date
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I think that the most profitable strategy will vary from person to person and I definitely haven't tried all strategies out there but what I like most is band trading plus doing risk management by calculating risk to reward ratio.
Lol, he is already banned.
The most profitable strategy is a reliable strategy, but most of all you'll need to have confident in it!
The most profitable strategy is a reliable strategy, but most of all you'll need to have confident in it!
I would say Day Trading because day traders can trade several instruments throughout the day and close positions by the end of each day. They do not carry positions overnight, thus avoiding overnight fees.
A day trader often incorporates both fundamental and technical analysis. Analysts use hourly charts to spot recent price trends and decide whether to buy or sell a financial instrument according to price changes. Once they detect that the market is moving against them, they can exit quickly to avoid losses.
My easiest strategy is a trend following EA I made that trades all instruments (providing the spread is small on an H1) and for the small minority of trades that became profitable I would excessively add to them, but I found it to be mentally draining
My easiest strategy is a trend following EA I made that trades all instruments (providing the spread is small on an H1) and for the small minority of trades that became profitable I would excessively add to them, but I found it to be mentally draining
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My easiest strategy is a trend following EA I made that trades all instruments (providing the spread is small on an H1) and for the small minority of trades that became profitable I would excessively add to them, but I found it to be mentally draining
I use the 2-RSI strategy by Larry Connors. But to eliminate false signal you can add the Accumulative RSI (2) indicator. The indicators used are:
Time frame: Daily
- RSI (2 period)
- SMA 200
- SMA 5
- Accumulative RSI 2 period
Thanks
Time frame: Daily
- RSI (2 period)
- SMA 200
- SMA 5
- Accumulative RSI 2 period
Thanks
For a newbie like me it is a bit complicated I guess any strategy can be successful if you mastered your sentiments . I am trying to learn copy trading just to learn from experience traders but I think I can't do it my own the required knowledge need years of research .
The most profitable trading depends on the trader's skills, market knowledge, and strategy. Momentum trading and swing trading are often considered highly profitable due to their balance of risk and reward.
Can you explain more about it?. Like RRR, Entry and exit. And what you mean by Accumulative RSI?
Looks like they use RSI (2) for quick momentum and SMAs (200 & 5) to spot the trend. “Accumulative RSI” might be a way to smooth or sum RSI signals. Entry and exit are probably based on these indicators aligning. What’s your take on combining RSI with moving averages for better signals?
