What does it take to Master the Trading Strategies and Indicators

Which of the trading strategies and indicators have the highest probability or success rate?

Run all the strategies and indicators through an algo trading back test using your broker’s feed and list the results.

1 Like

Inversely, find the worst trading strategy and indicators then do the opposite.

I am thankfully grateful :smiling_face:

Exactly, Knowing what doesn’t work often points you straight to what does!

What worked for others may not work for you. Always remember this.

1 Like

there is not absolute answer for this, different people use different things. I personally like price action with volume indicator only before this i did also use other indicators

1 Like

Same here. :slightly_smiling_face:

(But obviously not for trading spot forex/CFDs, for which volume isn’t available, it being a decentralized market.)

1 Like

The decentralization of the spot forex market is really so well, so clearly and so repeatedly explained in this website’s excellent ā€œschoolā€ that it seems very odd that it’s so misunderstood in the forum.

I’ve seen, in many threads, what looks almost like a ā€œconspiracyā€ of apparent determination not to understand or even acknowledge the point.

I’ve even seen members being attacked and accused of spreading misinformation for referring to it!!

I just don’t understand it at all.

People trying to trade spot forex need to understand clearly that any purported ā€œvolumeā€ figures that a CFD ā€œbrokerā€ is claiming to give them are based only on the bets of their own customers, for the glaringly obvious reason that they don’t and can’t have access to any other volume information.

2 Likes

The volume for most brokers is tick volume, not volume of orders. It’s not a direct correlation, but more ticks suggests more participation and a higher actual volume.

4 Likes

People trading on ā€œtick volumeā€ - it’s actually a ā€œtick-countā€ and unrelated to volume - are (often unknowingly) using it as an approximation of volume.

But even the tick-count available represents only the bets of their own customers. They have no other ā€œtickā€ information to give anyone, because itā€˜s a decentralised market.

2 Likes

Thank you much

This is very much the point.

I think people see the words ā€œtick volumeā€ and imagine that the figures refer to ā€œvolumeā€ in the normal/trading sense of the word, but of course they don’t.

1 Like

People often don’t appreciate that a single tick can be a transaction of 0.01 lots or 100+ lots.

Because spot forex brokers mislead their customers by calling it ā€œtick volumeā€, some customers imagine that it’s somehow similar to volume. The point they haven’t quite grasped, at a more fundamental level, is that there can be no market volume where there’s no market.

In other words no currencies are exchanged when they simply bet against a counterparty, but some customers even imagine that if their broker is ā€œSTPā€ or ā€œECNā€, then they’re actually trading in a market. All credit to the Babypips School for explaining how mistaken this is.