How do people create their own strategy? I have seen people on Baby pips saying they trade and only believe in their own strategy, but how do you create one?
Why is a broker asking a question like this?
It’s very fully answered in the Babypips School
There are also many other threads already discussing the identical question
Basically, people create their own strategy by learning the basics, testing stuff out, and seeing what clicks for them. It takes time, practice, and tweaking until they find something that feels right and works consistently. Everyone’s got their own style.
I have created many strategies and some worked very well (but at first only) and some not very well (ever). None of them were highly original (tradng is an old game) and I have posted all of them on the internet, and maybe for some traders they have worked better, maybe with a few of their own development ideas. But all the trades I have ever done had better outcomes when the position was in line with the underlying long-term trend - the trend has always been more important than the strategy, and definitely more of an indication of outcome than the entry methodology.
So I spend very little time at all now creating strategies.
I gradually found this, also.
For me the trend is the most important, some momentum is also important (my charts are faster than yours @tommor ), the entry method and timing are really not so important at all.
I never though a broker would be asking this tbh
Some people just want to “get posts on the board” because they’re here for promotional purposes and want people to look at their profile and click on their link. This OP is freshly back (earlier today) from being suspended for a while. Let’s assume he won’t be bumping antique threads any more, just to repeat things already said in them, long ago. And that the ones he starts, now, might actually contribute some value to Babypips and not just be pasted in from Reddit.
I believe sometimes it is better to not come between a man and his meal
Probably by watching how the market moves, borrowing ideas that make sense, and then mixing them up to fit their vibe. It’s less about perfection and more about what actually works for them in real trades.