What do you do to a trading strategy that already earns you a good percentage in profit. do you still try improving on it to ensure it does not fail? or do you let it be until it starts showing signs of failure?
It is a simple question but I think answers and opinions will be different considering that some traders may fear further tampering with the strategy, others will no want to wait until it fails, what is your style?
Stick to your strategy, many will tell you that one strategy can not succeed in all aspects but its true but another reality is too much strategy can even lead to too many losses. I can confidently tell you that there are traders that even trade just support and resistance. So what do you do to a strategy that actually works for you, you stick with the strategy and then you try to back test most of your trades most especially if you’re using the strategy with a new pair which you haven’t tested it with before.
Backtesting is one way to actually perfect the use of your strategy, it gives you the ability to improve on that strategy by adding some things, going around looking for a perfect strategy for all market conditions and pairs only makes you to lose more and not concentrate on a particular strategy, the market conditions itself is not perfectly balanced so they cannot be any perfect strategy.