And anyway, haven’t you heard, ppf, there is no Holy Grail…! I read it so it must be true.
Yes there is, I’ll send you the link later
I think the term holy grail is far to over estimated. Ive been trading for three years, and just started my own little presonal blog so that my friends can follow my progress. Im making between 80% and 100% ROI on a compound bases each month. And have done so for the past 18months. Some trading strategies do indeed provide good results, as long as you put the effort in.
For example, I spend about 3 hours trading mon-fri and another 5 hours analysing why the results showed what they did.
My way of trading may be considered high risk, my leverage is 1:32 and aim for 2:1 on all trades with a 7.5% risk of bank roll per trade.
That way I only have to win 11 trades and loose 11 trades ina single month to make 100% on a compound system.
Simple, and very effective.
Kind Regards.
What a refreshing post, that’s the way to do it.
detecting sideways markets isn’t that hard,
you can use many indicators for that,
to name a few,
a 50 (simple) MA, if the line is horisontal or close to horisontal = no trade
or RSI, in sideways markets the price of the indicator tend to be inside the 40-60 range = no trade
or MACD, when the MACD line is traveling close and along to the centerline = no trade
you have to make new level lines in the RSI indicator.
normally they are 30 70:)