The less complicated trading system

Nov 23, 2020 at 14:34
1,770 Views
32 Replies
Member Since Jun 14, 2021   53 posts
Oct 04, 2021 at 03:54
Why complicate things when simple can suffice?!
Member Since Mar 16, 2021   477 posts
Oct 04, 2021 at 13:24
ohmaria posted:
When you are having a complex strategies, they get very difficult to maintain if you are not experienced, just like the one above said it. Plus, why hassle with everything with just for the sake of strategy? Always keep your strategy brief and offering a good result in your trading.
Agree with your doctrine. Trading Totally Mindset Game. The more complicated I think trading here, the more difficult it will be. So I have to think and trade in normal.
Member Since Jun 19, 2021   49 posts
Oct 04, 2021 at 20:59
UweMoench posted:
The less complicated trading system is the best methodology. There are heap of people who like confounded trading system. I think everything depends on individuals. Find what you are good at, use that. No matter whether it is simple or complicated strategy.

I agree with that point. I had to develop my own system. I honestly feel that the worst trader, as I was, can take my strategy and not only win but improve it a little maybe. It already is +90% accurate that is why I have not posted an alert in the group that failed, they all were winners. Trading it is a different thing, I make money on them but not always trading my signals perfectly, well... I really do not have to be perfect but just not losing a lot of money on the trade. Keep losses small is of HUGE importance. Hard to pick tops and bottom. I focus on the 'meat' of the move.
*I kill pips for fun.*
Member Since Jul 19, 2020   751 posts
Oct 05, 2021 at 04:56
@LukeRachel Yes mindset plays a big role on Forex trading. Without having proper mindset, it's not possible to survive in the market. It's all about mind game.
Member Since Jul 20, 2020   399 posts
Oct 05, 2021 at 07:07
FaintToasted posted:
UweMoench posted:
The less complicated trading system is the best methodology. There are heap of people who like confounded trading system. I think everything depends on individuals. Find what you are good at, use that. No matter whether it is simple or complicated strategy.

I agree with that point. I had to develop my own system. I honestly feel that the worst trader, as I was, can take my strategy and not only win but improve it a little maybe. It already is +90% accurate that is why I have not posted an alert in the group that failed, they all were winners. Trading it is a different thing, I make money on them but not always trading my signals perfectly, well... I really do not have to be perfect but just not losing a lot of money on the trade. Keep losses small is of HUGE importance. Hard to pick tops and bottom. I focus on the 'meat' of the move.

Completely agree small losses are so key, i suppose it reverts back to good risk to reward and having the discipline to follow your rules not only for entry but for risk. If we can do that i think profitability is only around the corner
Member Since Jun 21, 2021   33 posts
Oct 05, 2021 at 08:15 (edited Oct 05, 2021 at 08:16)
UweMoench posted:
@LukeRachel Yes mindset plays a big role on Forex trading. Without having proper mindset, it's not possible to survive in the market. It's all about mind game.
Agreed!
 Your mindset, or how you approach forex trading, can either make you or break you as a forex trader.
Member Since Feb 20, 2021   78 posts
Oct 05, 2021 at 11:13
Don't complicate things; the less complicated trading system is the best. In fact, many of the professional traders use basic bar charts to determine their trades.
Member Since Mar 28, 2021   617 posts
Oct 05, 2021 at 13:56
@davemack Accually people get fascinated by seeing complicated colorful charts. They think may it's the best thing. Best strategy is the strategy that you understand the most.
Member Since Mar 16, 2021   477 posts
Oct 05, 2021 at 14:42
TroyTheTrader posted:
UweMoench posted:
@LukeRachel Yes mindset plays a big role on Forex trading. Without having proper mindset, it's not possible to survive in the market. It's all about mind game.
Agreed!
 Your mindset, or how you approach forex trading, can either make you or break you as a forex trader.
Of course, Mindset is a key part of a trader's success.
Member Since Apr 17, 2021   12 posts
Oct 07, 2021 at 16:58
Well, I have dubious attitude to this statement. On the one hand, the more complicated your trading strategy is, the more chances you have to make a mistake and ruin everything. On the other hand, if you trading strategy is too simple, then you'll hardly make any reliable analysis of the market. For example, your trading strategy can be based on one single indicator MACD. This strategy is very simple, but will you have the whole idea of the market if you use only MACD? I doubt that, so that you'll have lots of false signals and lots of losses.
Member Since Apr 21, 2021   12 posts
Oct 07, 2021 at 18:03
Surely, I agreed with the most of you. The more easier system, the more easier it works. I do it too. I can't say my trading style is complicated. The most important thing as for is me, is that your atrategy works and brings you profit. That's all.
Member Since Feb 20, 2021   78 posts
Nov 10, 2021 at 05:26
Akasuki posted:
@davemack Accually people get fascinated by seeing complicated colorful charts. They think may it's the best thing. Best strategy is the strategy that you understand the most.
Couldn’t agree more!
Member Since Dec 09, 2013   139 posts
Nov 10, 2021 at 08:45
UweMoench posted:
The less complicated trading system is the best methodology. There are heap of people who like confounded trading system. I think everything depends on individuals. Find what you are good at, use that. No matter whether it is simple or complicated strategy.
You are very right on the note that a trader is to stick with his own strategy that he is comfortable with. I personally like to keep things simple. In the Forex market, simple strategy works better. We just have to find the right strategy that offers better risk-reward with excellent winning rate.
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