I have been trying to learn everything I can about trading (specifically the /es, /6e, 6/b) in the past two years. Averaging 10-14 hours a day of screen time. Reading countless threads, methods, books, ect. ...(High probability trading, market wizards) ect. Back testing thousands of times looking for a holy grail automated strategy realizing that there is none for every single market condition as far as i know (bull, bear, sideways).
Here is my problem.
I feel that I need to find an automated strategy that I can back test and prove to myself that it will work long term before I start trading more than one contract at a time. I have a lot of capital that I have been waiting to put to use but can't seem to be consistently profitable yet. I have written probably ten different trading plans with each one having good RR ,clear entry /exits ect. but just can't seem to be constantly profitable. I feel that my brain is scrambled with 20 different methods and don't know which to use, My brain is scrambled with indicators, scaling methods, trailing stop methods and more. I feel I need to unlearn a lot and trade naked or something. I just feel cluttered.
Could some please shed some light on my situation if you have been in my shoes.
Not asking for a handout just some guidance. I want nothing more than to be able to trade futures for a living.
Maybe point me in the direction of a system or method that you think would suit my style.
A little about what I feel comfortable with.
-Longer term time frames 30 min ,1 hr, 1 day Using 1 day to determine the trend, 1 hr for Monitoring, and 30 min for entries.
-2% risk per trade taking in to consideration position size and Average True Range for my stop loss.
- I like regular stop losses. targets, or trailing stops, don't like scaling in/out
-I like to keep an eye on the Volume profile , s/r levels / trend lines ,9,18 EMA and MACD whether it is above/below zero
Like I said , I just lack confidence because I know that no system works in every environment . How do I know the market won't go sideways for the next year and really hurt me if I follow a bull trend strategy with discipline all year??
Any help is greatly appreciated by someone who can give me some direction to something that helped uncluttered their brain and focus on something that works.
Here is my problem.
I feel that I need to find an automated strategy that I can back test and prove to myself that it will work long term before I start trading more than one contract at a time. I have a lot of capital that I have been waiting to put to use but can't seem to be consistently profitable yet. I have written probably ten different trading plans with each one having good RR ,clear entry /exits ect. but just can't seem to be constantly profitable. I feel that my brain is scrambled with 20 different methods and don't know which to use, My brain is scrambled with indicators, scaling methods, trailing stop methods and more. I feel I need to unlearn a lot and trade naked or something. I just feel cluttered.
Could some please shed some light on my situation if you have been in my shoes.
Not asking for a handout just some guidance. I want nothing more than to be able to trade futures for a living.
Maybe point me in the direction of a system or method that you think would suit my style.
A little about what I feel comfortable with.
-Longer term time frames 30 min ,1 hr, 1 day Using 1 day to determine the trend, 1 hr for Monitoring, and 30 min for entries.
-2% risk per trade taking in to consideration position size and Average True Range for my stop loss.
- I like regular stop losses. targets, or trailing stops, don't like scaling in/out
-I like to keep an eye on the Volume profile , s/r levels / trend lines ,9,18 EMA and MACD whether it is above/below zero
Like I said , I just lack confidence because I know that no system works in every environment . How do I know the market won't go sideways for the next year and really hurt me if I follow a bull trend strategy with discipline all year??
Any help is greatly appreciated by someone who can give me some direction to something that helped uncluttered their brain and focus on something that works.