Are tradingview strategies waste of time?

No strategy "works" without understanding the dynamics of the context in which it occurs. That understanding comes with work...observation, study and testing. Most begin trading without having done that and subsequently they fail. There are no shortcuts, if there were, someone could learn to trade in a weekend seminar.
 
ssp729 said:
I have tried every strategy on tradingview and nothing seems to work. Anyone had good experience?
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the thing you may find is that each strategy did work, for a unique period of time. But the markets change from compression to expansion into trending. Intraday, they can be in balance, out of balance, so rotating whilst the markets fill orders.
If you don't understand why the author of the strat created it and what underlying market conditions they were trading at the time were, you won't ever know whether to deploy it on the days you trade or not.

Plus, unless you have made your own strat, would you ever really trust the strategy 100%
 
Can you give an example of a strategy you tried that didn't work?
Nothing works all the time. You have to expect to have losing trades.
As long as your winners make more money than your losers you only need to win about half your trades.
 
Trading view strategies are not complete trading systems. Far from it. They only represent a small portion or perhaps a starting point for some. The "strategies" need to be fitted into your tactics and risk management for starters. It is not as simple as "buy here" and "sell there".

That is why you need to develop something you can TEST. It is crazy not to test the entire trading system as a whole. Likewise, just taking parts of a system and using it is probably one of the biggest mistakes people make. It is as if, they want it to be simple and an easy solution handed to them.

One does not take a car engine, put in on wheels, without a way to steer or brake right?
 
speedo said:
No strategy "works" without understanding the dynamics of the context in which it occurs. That understanding comes with work...observation, study and testing. Most begin trading without having done that and subsequently they fail. There are no shortcuts, if there were, someone could learn to trade in a weekend seminar.
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%%
WORK??
You mean like rule of 72\work 12 hours a day , 6 days a week?? Good thing part of my market work is feed wild birds/stock charts/ selling empty .223+ .270 WIN.
FIRST time i read IBD trading books , he noted new traders want to much with to little work[Work =repeating pattern].
Every bird differs. Ducks fly south for winter, fly north in spring green up; some birds like to hop hop/hop along the ground...............................................................:caution::caution::caution::caution::caution::caution:
WE SEE so many lotto ads on tv + market place /wonder why they seldom disclose lotto odds?? Better odds getting hit by lightening than win lotto:cool::cool:
 
murray t turtle said:
%%
WORK??
You mean like rule of 72\work 12 hours a day , 6 days a week?? Good thing part of my market work is feed wild birds/stock charts/ selling empty .223+ .270 WIN.
FIRST time i read IBD trading books , he noted new traders want to much with to little work[Work =repeating pattern].
Every bird differs. Ducks fly south for winter, fly north in spring green up; some birds like to hop hop/hop along the ground...............................................................:caution::caution::caution::caution::caution::caution:
WE SEE so many lotto ads on tv + market place /wonder why they seldom disclose lotto odds?? Better odds getting hit by lightening than win lotto:cool::cool:
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I consider Bill O'Neil required reading for the casual investor. I subscribed to IBD for years...great stuff. Of course trading and especially day trading is a whole other thing. Do the work or it's one's account balance that flies South. :D
 
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