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.
Trading coins actually have got a slight difference as compared to trading currency pairs and so sometimes using currency pairs strategy to trade the crypto pairs could actually not give you the same kind of win rate you get trading currency pairs. In trading your strategy doesn't have to work everytime, sometimes it will work and the other times it will fail buy this still doesn't mean that it's working it is but it's as it's part of the process in trading to experience some losses and aswell some wins room buy if you get to expect only wins then you may not actually get the wins all the time .
Lastly a strategy of. 1:1 risk to reward ratio isn't a good one because it's not rewarding and will not be profitable in most cases because you will need two to three wins to make up for every loss but a 1:3 risk to reward ratio will do more good so even after two losses, a single win can make up for them and you will still be in profit.