/biz/ - Business & Finance

I feel like it's some sort of a ruse and I've fell for a meme. During the last few months I've tried multiple 'algo strategies' based on moving averages, trends, stochastics, bollinger bands and fibonacci retracements (usually combined in a smart way), even written my own bots.

Honestly it seems that all of the 'popular' strategies are luck-based at best, and this is because of one simple reason: it's much easier to detect an profitable exit point than to detect where trend will reverse without murdering your potential profits.

Having some sort of system in place which would control your losses/winnings usually ends up limiting your wins while not doing much to loses.

Honestly I was more successful trading 15m on my own and just stopping the trade wherever it when the wrong way, which is weird because most 'professionals' look down upon this timespan. Of course, the single profit was usually much smaller than when working on 1h-1d candles, but it was definitely easier to control and prevent losses leading to a higher success rate and actually coming out in the black.

So now I'm thinking about writing a 15m bot based on my personal findings, but something tells me I'm going to get owned because there must be something I'm not taking into account.