What makes a profitable automated strategy?
Probably the biggest misconception for trading perpetuated in the mainstream is that you need to have a greater than 50% win rate to be profitable.
This is followed by a close second, of constantly assuming you need to have a risk-reward ratio of greater than 1:1 (e.g. 1:2, 1:3 etc). This one is perpetuated mostly...
We have been trading and investing in markets for decades since the early 1980s. Experienced and successful traders and market participants tend to remember their losses and mistakes instead of victories. Profits feed the ego; losses are teachers for those who realize that valuable lessons come from adversity instead of triumph.
Everyone has an opinion- The...
Hello traders
I. Daily tutorial publishing challenge officially begins
Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder CRYPTO
II. Why a 5-minutes chart?
The indicator won't give more than 3/5 trades per day even. This is not a scalping trading method, it's intraday and based on smoothed indicators for...
Well, it's just a small public announcement.
I went to this for a long time and now it has become possible. Profitable RSI now handles 3 parameters of the standard RSI indicator to find the best tuple of settings. So, additionally to period setting, the optimizer takes under consideration different Overbought (from 60 to 70 ) and Oversold levels (from 30 to ...
I realise it's easy to state after the fact, but BCH has produced a clear example of fibonacci entry and first target hit.
I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA.
However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at...
