I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.
And it just shows that no strategies are going to work overtime, sometimes you will take a big L, and then recover on the other day to recoup that lose. That's what trading is all about, you are just giving yourself a hard time to find that perfect strategy or indicators, but at the end of the day you won't.
The market is very volatile, and as far as I can remember, way back 2018, there were a lot of services here being offered and suggesting that they have found a methodology to make money, but at the end of the month, all of then didn't earn a single money and on the contrary they incurred negatives, meaning their strategy doesn't work in the long run.