Is there anything like a best trading strategy?

[Mirthsmith]

It’s good to try out new things in trading, that is key to growing as a trader.

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.

 

[Nealeliff]

@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?

 

[Henrique]

Any recommendations for EA to use for MT4/5?

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.

 

[Leonardonarita]

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.

 

[morkel635]

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.

 

[antares66]

my first preference
various Asian /European/US index futures
commodities like copper, oil, NG


my 2nd preference
major currencies, gold, long term bonds
heating oil, RB gasoline, fuel oil


last preference
bitcoin
all food futures like corn, lean hog, soya, wheat
rubber, palm oil
short term bonds
silver, platinum, palladium
various MSCI indices

I found no stocks in your list. Do you avoid investing in single stocks?
Maybe for swing trades?

 

[hilfspaul]

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.

 

[Rickshaw Man]

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.

 

[murray t turtle]

That's a bit of a simplified view I had my first years. Even if we leave aside equity long bias, there are actors that are buying and selling for other reasons than to have "highest return" in your selected time frame. You may effectively be providing such actors with a service (being the best party for them to transact with) and your positive expectancy can be considered the premium you are paid for that service.

Consider for instance dip buying an evening the market tanks 3% and holding until a few days later after it has recovered. In such a case you are warehousing risk some actors don't want.

%%
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''

 

[cafeole]

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.