Quote from: Zaguru12 on Today at 04:43:33 PM

Quote from: Stepstowealth on Today at 12:18:28 AM

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.

Why you would be trying out to make out some changes if you are that profitable? If you do become profitable then there's no need for you to change but since we are that greedy wanting to earn more, then here it comes into those things that you would be having in mind that you can be able to earn more if you would be trying out to optimize your strategy. Well, it would be that not bad to make out that trial and error and it would be that totally depending on you since its your money then it would be that your right on what you should gonna do with your trading analysis and strategies. It would be a never ending kind of learning when it comes into this aspect on which you would be needing up to consider on what are the factors that could affect out in overall success. What matter the most on here is that you do know on what you are doing and since been said that it is that a profitable strategy then make use of it but always be putting up into your mind that you shouldnt be forgetting when it comes to the real deal that there's no strategy that works 100% precision because we do have been dealing up with a very unpredictable market on which the strategy might work now but it doesnt mean that it would work forever. What matter most on here is that you can adjust accordingly if ever your plan A fails because just like been said that this market will be having that different market variations on which means that you would be needing up to be versatile for you to be able to make out such adjustments. There are just that those times that we do become that confident and on the time that your strategy didnt work or made out some loses then you would be just that easily discourage and even other people do have that kind of giving up or cant be able to think up well if ever this one do happens.