Does any simple strategy (scalping based off of RSI + MACD) beat the index in returns + drawdown? I'm assuming no...
Anybody and their mother can make a QuantConnect + TradingView account and make a simple Python script using some indicators. I skimmed through the top posts from the previous year (and the comments on them). The overall vibe in this subreddit is, it's vastly understated how complicated it is to have a winning strategy. I just want to make sure I don't waste time going into this if simple things like RSI + MACD divergence + Bollinger bands don't "win". What is the simplest known strategy that is even remotely winning?
For about a year now I have been trying to find a scalping strategy (1 minute or 5 minute) that has a high win rate and at the same time also provides at least 2-3 trading opportunities in a forex major pair every day. I have spent countless hours on courses, books, Youtube videos, backtesting, and paper trading and yet have failed to find a single good scalping strategy. Can someone please point me in the right direction or teach me their own strategy?
A Forex scalping strategy is a fast-paced trading style that involves placing several trades a day. Scalping strategies are traded on the smallest time frames and positions are held for only a matter of minutes. Scalping is the practice of trading tiny fluctuations in price movement and accumulating small profits across many, possibly hundreds of trades every day. To be able to trade effectively using a scalping strategy, being able to identify optimal entry and exit points is essential. Moving Average indicators can greatly assist in assessing current market sentiment, allowing a trader to enter a position just as trading sentiment is changing, the same techniques can be used to exit a trading position before market sentiment moves against a position. https://www.geekyforex.com/moving-average-scalping-strategy
I'm interested in your perspective. Is Gold XAUUSD the perfect tool for scalping? It is more volatile than forex. But not to say Forex is useless. From what perspective is Forex better than Gold? I am thinking that I need Gold and Bitcoin (not yo get bored during weekends)
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