One Strategy or Multiple Strategy?

Should I stick to one strategy ?

Or

Should I stick to multiple strategy ?

I have traded with multiple strategies A , B , C , D before with success. But now I am having confusion.

Let me explain the scenario ,

recently I was looking at a stock .

Strategy A did not give any long signal.

Strategy B giving a long signal

Should I trade ? How do I decide ?

Hello Godzilla

The market strategies out there are similar to all the different tasty exotic foods you can eat. Some spicy, some sweet, some bitter and some mixed. You want to try it all, but you need time to do so.

What some traders normally do is to match each strategy with a certain market behavior.

A)strategies for sideway markets,
B) strategies for Trending markets (one strategy for each: weak, gentle and strong trends)
C) strategies for reversing markets and
D) strategies for unclear markets (best to stay out or hedge)

Strategy testing can last weeks, month, or years depending how far you want to keep testing. Soon or late you have to determine your strategy(s), stick with it, and fine tune it!!

One strategy, it will take time to develop but its worth it.

A. Sticking to one strategy in Forex trading is always dangerous my friend. We should not have many strategies but 2-3 strategies. I always feel that there are two sides of everything. One is positive and one is negative. To tackle the negative situation, multiple strategies may confuse you as in which strategy to follow. One should critically analyze the negative situation, technically and fundamentally before taking a decision. Keeping a track of news that can impact the trade should be kept in mind before choosing the strategy. Critical analyzing may take time but it will definitely help you to design a single strategy which will help you to earn returns.

Happy Trading :slight_smile:

I would stick to one and make sure develop it properly before jumping around between strategies.

One good strategy is better than poor strategies.

I currently run 90% of my trades on 1 long term strategy, the remainder being short term opportunities that I spot.
I am considering opening a separate account to run a different strategy on with some spare money, just to see how it goes

If strategy B is indicating to go long, do further research onto your bias. Include fundamental analysis to support your judgement.

Search for news releases related to your trades that will drive volatility to your advantage.

If you can’t find strong fundamental support, it is better to not place a trade at all and wait for the next opportunity.

Well, I basically use Price Action trading strategy, because it works on all kind of trading instruments. You should select your strategy according to your trading nature & experience.