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.
See metatrader plugins https://takeprofittech.com/ for each of the brokers' business tasks, from a simple automation tool to a multilateral trading solution. Takeprofit Tech is a solution provider for forex brokers. This will reduce the risks of trading
Shardie posted: Of course, many people use basic strategies and achieve excellent results. This is a fact. Just choose what you like.
There is no rule like, more complicated the strategy more the profits. Its funny if people think that way. 😀 In fact, using complicated strategies results in a lot of confusion which further leads to losses. Its better to keep a strategy simple and grab in all the meat. 😈
Forex trading is like as art business, there are so many trading strategies in forex trading, but trader have own selection to choose an appropriate trading strategy, a simple trading strategy is an easy way to make plan trading, complicated trading strategy not guarantee if then will always profitable, but trader need to make trial and error to become profitable trader, they learn detail for every single mistake
Simple strategies do NOT work. I know that we all want them to work but if they did then we would all be rich. Just think about that. Only complex strategies work. That may be difficult to hear but it is the truth
Gavik posted: Even a complex approach can be divided into parts to understand it better. And of course, practice-practice-practice. It is always useful.
I doubt that. Complex strategies cause more confusion. These might be good if you are very well experienced and do manual trading but for beginners who rely partially on trading robots, a simple strategy would be more helpful.
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.