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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (6031)	12/11/2022 7:07:20 PM
From: Sun Tzu	Respond to of 10713

Those are very good questions. An I try to shed light as much as I can. Firstly, the most sophisticated trading techniques and tools will not save you if you are on the wrong side of the order flow. At best, they will limit your losses, but if you are on the wrong side, losing you will do. Which brings us to the 2nd point: it is impossible to build a universal model that is right more often than it is wrong, let alone being right all the time. However, what is possible is to build various models that maximize your winnings in specific situations. Then if you get the order flow right, you will win a lot more than usual, and if you limit your losses, then overall you will be a net winner. None of these conditions apply to the specific post you replied to. There I was not building a trading system. I was simply building a better RSI (and stoch) than the run of the mill everyone uses. In my tests, it works better 80+% of the times than the standard one, all the times.