Quote from: synchronym on April 05, 2024, 09:44:03 AM

Quote from: forestx on March 18, 2024, 01:58:47 PM

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.

I don't understand much from your post but if i understand it seems like you are a newbie if you are new to trade then you must acquire enough knowledge about trade. If you don't have enough knowledge of trading then you will never get success through trading. Of course you need to invest for long term in trading. If you have a long term trading plan and can invest patiently you will definitely get success.

And having qualified knowledge you will only be able to get when you already have
high enough flying hours in terms of the learning process that will give you experience and knowledge. Basically everything requires a process and struggle, there is no success that comes instantly in any case including in the world of trading, meaning however if for example you want to achieve success then obviously there must be something you sacrifice such as time, money and thoughts.

Trading is not as easy as turning your palm because this profession is like you build a company within yourself, you are the one who plans, organizes, manages, controls and looks for strategies to make a profit and not to forget we also really need patience to really make sure that it is the right decision, but overall what is more needed is good self-control such as having the ability to minimize greed and emotions, because usually this is always a problem for most traders who make them experience significant losses, the point is that you must have a warrior mentality, good consistency, and the ability to minimize greed and emotions.
mental fighters, good consistency and never give up if you want to succeed in the world of trading, this is what I know from several successful traders.