So my setups and system are not performing to the level I desire, that is at least 6/10 profitable trades with 1:2 risk reward.
I’d like a concise strategy course that goes beyond explaining the basics of trading. I have a business plan, trading journal, conscious of risk management and read on Trading Psychology. Just need strategies that I can backtest with consistent, positive results.
You’re really not going to be handed a trading system with any results better than your own. You’re taking all the right steps so far, but the next step, which is the most challenging, and what your trying to short cut is that of making your own profitable system. Now you have the building blocks you have to get your head down, get good at Excel and start quantifying all your trades to develop an edge that can be repeatable on all forward trading data.
If I may be so bold as to speak my Liege, I do recall that a forum that goes by the name of “Free Forex Trading Systems” is available for your perusal. Fortunately, your gracious, I do have in my possession a holy grail that I have toiled tirelessly for . So as not to inconvenience you, may I represent the lowly peasants of babypips and tribute this system to you. I shall find a silver platter to offer it to you upon so as to befit your magnificence.
Define what these trader labels, mean to you. Scalper, Day trader, Swing trader, Position trader. If you don’t know the difference Google each one of them for a definition. Pick the label that best suits you and your circumstances. These 4 will overlap most of the time, but yo just need a broad definition. Then Google label strategies for each, for example " Day Trading Strategies" Yo will also want to search utube. Try the back test the ones that are applicable to you in a demo, and tweek as you go.
Do you want to learn more about forex strategies? I will give you a video by Richard Krivo on YouTube. He explains 3 beginner strategies. I use the 3rd stratgie he explains with the MACD indicator and the 200sma line on the weekly chart ( Long term is the most profitable ). Use volatility stop losses and you’ll become a good trader!
6/10 winning trades with a 2/1 ratio is an amazing consistency. Most professional traders will have similar stats to those. Don’t get fooled into thinking you can win 80-90% of your trades with such a ratio, it just won’t happen. Stick at your system as it seems to me like a good one.