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Is it true that anyone can succeed using any strategy?

Quoting Forex Hero
I think it is difficult to find a strategy that does well over a 3 year backtest with 99% modelling accuracy. I have coded a number of EAs based on the strategies in this forum, backtested them extensively, and unfortunately, most do not pass this criteria.

However, there are a handful of strategies here that are profitable, and it is only through the hard work of coding and backtesting (and forward testing) that we are able find out which ones.

My EAs trade continuously for me now through a VPS and are quite successful. I guess with the...
I tend to agree. I'm having difficulty trying to find an ea that works for me long term. To pass a 3 year backtest with 99% modelling quality is a good enough criteria for me. Can you suggest some threads or strategies? So that anyone following it can be successful?
Quoting Forex Hero
I think it is difficult to find a strategy that does well over a 3 year backtest with 99% modelling accuracy. I have coded a number of EAs based on the strategies in this forum, backtested them extensively, and unfortunately, most do not pass this criteria.

However, there are a handful of strategies here that are profitable, and it is only through the hard work of coding and backtesting (and forward testing) that we are able find out which ones.

My EAs trade continuously for me now through a VPS and are quite successful. I guess with the right...
very true
Quoting Forex Hero
I think it is difficult to find a strategy that does well over a 3 year backtest with 99% modelling accuracy. I have coded a number of EAs based on the strategies in this forum, backtested them extensively, and unfortunately, most do not pass this criteria.

However, there are a handful of strategies here that are profitable, and it is only through the hard work of coding and backtesting (and forward testing) that we are able find out which ones.

My EAs trade continuously for me now through a VPS and are quite successful. I guess with the...
Hehe, I personally do not believe that there are any eas that are profitable over a 3 year backtest with 99% modelling accuracy. What is your drawdown? Over 40% I guess? I wouldn't trade eas that have more than 20% drawdown.
Quoting Scotty B
Here is a quick example so you can think about the market maybe a little differently:

November 30th price spiked in EU due to multi government interventions to help the EU banks with liquidity issues. Think about that. Price spiked nearly 250 pips in a little over an hour. Prior to the intervention, was there information in price data alone that foresaw this action prior to the event happening? I submit to you all that it absolutely was not.
You are right. But a good trader would be positioned correctly. In other words, he would be stopped for a small loss or profit, or he would make the full 250 pips. Of course, a mixture of fundamentals and technicals is the best, but I'm just saying you don't always need both.
Gone to a better place
Quoting dvc11
Hi guys, is it true that all the strategies that's available around internet (free or paid) is possible to achieve great success?

As in, if 100 people are given the same strategy, there may be one who will succeed by using the given strategy?

Is it not so much of the strategy but it is the person using the strategy?


Or does strategy does makes a difference in trading? Without a good strategy is it impossible to succeed as a trader? Is it possible to eliminate or minimize psychology issues during trading if one has a good strategy?

What do...
I think that looking at the financial markets science is wrong. It means that searching for a perfect strategy that tells you exactly what do and works 100% of the time is a waste of time. Obviously, you should have a successful strategy, but there many additional elements that you need to consider in order to be a successful trader, such as: money management and timing a trade. If you have a good strategy but you do not know how to implement the whole components, the strategy is useless.
Quoting dvc11
Hi guys, is it true that all the strategies that's available around internet (free or paid) is possible to achieve great success?

As in, if 100 people are given the same strategy, there may be one who will succeed by using the given strategy?

Is it not so much of the strategy but it is the person using the strategy?


Or does strategy does makes a difference in trading? Without a good strategy is it impossible to succeed as a trader? Is it possible to eliminate or minimize psychology issues during trading if one has a good strategy?

What do...

Hmm good question - I read it yesterday, and decided to post my reply today. I must say: I think the strategy doesn't matter, and the persons donīt matter either - not at all.
Quoting dvc11
Hi guys, is it true that all the strategies that's available around internet (free or paid) is possible to achieve great success?

As in, if 100 people are given the same strategy, there may be one who will succeed by using the given strategy?

Is it not so much of the strategy but it is the person using the strategy?


Or does strategy does makes a difference in trading? Without a good strategy is it impossible to succeed as a trader? Is it possible to eliminate or minimize psychology issues during trading if one has a good strategy?

What...

First post here!

Well, I would answer your question with a question: Is it possible to have long term failure as a trader with a good strategy and with good trader psychology?

Simply swap the possible outcomes, ask the same question in reverse and you get the answer you were seeking.

It is not what you trade, but how you trade it that can make all the difference.

Any long-term consistent trader has three things going for them:

1) A strategy and money management strategy that actually works
2) Consistency in trade execution
3) Positive expectancy leading to positive trader psychology

Depending on your strategy and MM, you can take these three requirement to just about any trading platform and be successful, long-term.

Most long-term and truly successful traders understand this.
Without any proper knowledge, it will be very difficult to become successful in this risky market.
Not all strategies are profitable, but some strategies are very good. If you can master that strategy properly, it will be much easier to make a profit. Professional traders need to notice how they manage and trade strategies.
yes
  • Post #91
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  • Last Post: Nov 7, 2020 12:41am Nov 7, 2020 12:41am
Any strategy can stop working at any time while being used by anyone. If you want to be profitable then understand how the market works and how it affects your trading. Accordingly, improve your strategy.
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