As the title shown,
I'm been thinking .... (cut long story short, below is what i shared in other post/forum)
This is just my observation/opinion:
- Seems every strategies have their strength/weakness, for all strategies that used indicator, it's just a matter of time market sentiment changed and the indicator might not be effective.
- With above statement is true, only a few strategy that can be used throughout time : one of them is Without indicator.
- Without Indicator , there;s only 3 i knew (feel free to add more, i want to learn) : Martingale , Grid, Breakout
- For breakout, since usually used High/Low of the day, so not necessary EA.And even then, there are many fake breakout, so hit SL is quite frequent. But again, in the long run still profitable.
- For Grid + Martingale worked best in range market. When market trend in one strong direction, it would usually kill these 2. And these 2 need large account to sustain high DD.
- For Grid, need to painfully kill many "hanging" trades to reduce DD, which might wipe out the entire week/months profit or wait for the market to return, which sometime never.
-For Martingale, for the DD, just need "enough" retracement to hit TP, and everything restart again .
- With these knowledge, I would prefer Martingale, thats why i'm posting here for more questions . With these, I hope we can share can learn more. Please correct me anything that i understood wrongly .
The above observation were through few years of experience, and it seems that in the long run without an edge or "what really works through test of time", a trader is doomed to be the 95% clubs loosing $$$.
Since we can;t predict the future of any currency pair, is there others ways to make a living in FX ?
Please open my thought to other possibilities ....
Let's discuss this topic, what really work in FX through test of time .....
PS: one of the way is sure guarantee is either becoming a broker or IB, but this path is not for me .
I'm been thinking .... (cut long story short, below is what i shared in other post/forum)
This is just my observation/opinion:
- Seems every strategies have their strength/weakness, for all strategies that used indicator, it's just a matter of time market sentiment changed and the indicator might not be effective.
- With above statement is true, only a few strategy that can be used throughout time : one of them is Without indicator.
- Without Indicator , there;s only 3 i knew (feel free to add more, i want to learn) : Martingale , Grid, Breakout
- For breakout, since usually used High/Low of the day, so not necessary EA.And even then, there are many fake breakout, so hit SL is quite frequent. But again, in the long run still profitable.
- For Grid + Martingale worked best in range market. When market trend in one strong direction, it would usually kill these 2. And these 2 need large account to sustain high DD.
- For Grid, need to painfully kill many "hanging" trades to reduce DD, which might wipe out the entire week/months profit or wait for the market to return, which sometime never.
-For Martingale, for the DD, just need "enough" retracement to hit TP, and everything restart again .
- With these knowledge, I would prefer Martingale, thats why i'm posting here for more questions . With these, I hope we can share can learn more. Please correct me anything that i understood wrongly .
The above observation were through few years of experience, and it seems that in the long run without an edge or "what really works through test of time", a trader is doomed to be the 95% clubs loosing $$$.
Since we can;t predict the future of any currency pair, is there others ways to make a living in FX ?
Please open my thought to other possibilities ....
Let's discuss this topic, what really work in FX through test of time .....
PS: one of the way is sure guarantee is either becoming a broker or IB, but this path is not for me .