Hey guys,
Does anyone know of any systems that are actually consistently profitable? I am always looking and testing, back and forward, but none are consistent, Unless they are martingale and we all know how that ends. I’ not just scrounging for an easy way out, but I have done my fair share of searching and buying “the best indicator on the market” only to request a refund after a week because they suck.
If possible, could someone share a system that actually works on the daily charts?
Thanks!
Hi,
The markets are complicated, so you need to watch price movements to spot something interesting and then turn it into your own strategy.
Market incurs changes all the time, so it is impossible to get one strategy that would be consistently profitble, so the only way is to be flexible and feel the market
Systems are not profitable but traders are.
Most systems will work profitable but most traders will not be consistently profitable.
Get hold of the simplest system available -
price + MA + MA
price + MA + MA + MA
price + MA + MA + 1 off-chart indicator
Check TA in 1 secondary (shorter) time-frame.
Avoid time-frames under H1.
Almost any system comprising no more than these elements will be capable of profit. Whether it makes a profit for each trader depends on their money / risk management. It should be obvious that there are more losing traders than losing systems.
You can try my system if you wish but it is not for free unfortunately. I have two accounts with history. You can check them out on mql5 community. I have one that is using a lower risk and the other is with higher risk. If you are interested let me know. See photos below. I am using this algorithm for my costumers with tailored drawdowns for each of my customers. Making fortune through forex takes time and patience and you cannot be 100% winning constantly, there are bad months and good months. Depends on what you expect from a trading system.
And the higher risk
