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Strategy vs no strategy

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Jun 21, 2013 11:07 am
#1
Jogi User

ارسالها: 685
تاریخ عضویت: 06/06/2011

I have seen that "no-strategy" systems r gaining popularity. For example u may have noticed many systems which say open a position with specific pips above or below current price. Now there is no plan (except to calculate pips above or below current price) in this strategy and the result is based on luck. There r many similar systems where current market situation is ignored. No indicators, no fundamentls or technicals and no PA is considered.

I do not know how successful r these systems because I have never tested them. Have u tested them ever?  What is ur opinion on these kind of systems.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jun 22, 2013 01:46 pm

ارسالها: 939
تاریخ عضویت: 21/04/2011

Ultimate target is profitability. So it doesnt really matter which strategy u choose as long as u r making profit.

I dun agree with u that "putting an order 10 pips above or below current price" is not a strategy. It is a strategy based on the logic that if a price moves 10 pips in specific direction, it will continue to move in that direction.

Stick to your rules

Jun 23, 2013 05:58 am
Jogi User

ارسالها: 685
تاریخ عضویت: 06/06/2011

Originally posted by uniquetrader
Ultimate target is profitability. So it doesnt really matter which strategy u choose as long as u r making profit. I dun agree with u that "putting an order 10 pips above or below current price" is not a strategy. It is a strategy based on the logic that if a price moves 10 pips in specific direction, it will continue to move in that direction.


I am sure most of the traders, using this strategy, dont even know this logic. Also there is no logic that price will continue to move in that direction. No analysis is done to assume it so how it can be a strategy?

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jun 26, 2013 02:59 am

ارسالها: 939
تاریخ عضویت: 21/04/2011

It doesnt matter if a trader knows logic behind a strategy or not. For example most of us do not know logic behind indicators. We just know their usage. We know RSI levels but we do not know logic behind RSI levels. Same goes for other indicators. The above strategy is developed by using logic of trend is ur friend. If a traders doesnt know logic but using this strategy then it doesnt mean "no strategy trading".

Stick to your rules

Jun 27, 2013 02:45 am
Sasha User

ارسالها: 836
تاریخ عضویت: 16/05/2011

I agree with uniquetrader that even if follower doesnt know logic behind strategy, it really doesnt matter. Objective is profitable trading and if someone can make profits without knowing a strategy then good for him.

Jun 28, 2013 03:03 am
Champ User

ارسالها: 711
تاریخ عضویت: 17/05/2011

Well... ummmm...hmmm. ok.

After reading all post, I am of the view that there is no such thing as "no strategy" in forex except if u choose to enter a trade without looking at chart or any analysis and just press sell or buy button which happens rarely. Even newbies try to predict something by looking at chart and this process of prediction is "analysis". And strategy = analysis + entry & exit. 

So we can debate on successful and unsuccessful startegies but above topic is not much debatable.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Jul 11, 2013 09:23 am

ارسالها: 64
تاریخ عضویت: 17/05/2013

I totally agree with Champ, traders who just randomly click buy or sell without viewing any charts have no strategy and maybe they do not know what they are doing, and do not understand what they should do to invest in the right way.

http://www.fxstat.com/widget/link?t=tiny&c=7&s=28807&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 25, 2013 01:47 pm

ارسالها: 10
تاریخ عضویت: 25/07/2013

dear in my point of view strategy is most important role in forex if trader are  trading without knowledge then i think some days he will get profit from forex trading but i think loss ratio is more than winnig trade strategy is must needed

Aug 02, 2013 03:14 pm
forextip User

ارسالها: 18
تاریخ عضویت: 29/07/2013

No strategy means you are trading on luck base and it will not work in long run. there has to be a method if we want to make trading profitable for us.

Aug 04, 2013 09:38 am
ironical User

ارسالها: 734
تاریخ عضویت: 22/04/2011

Strategy means a plan to acheive objectives. A strategy may fail or may not but without strategy chances of winning are not much. 

In forex, traders rely on two things:-

1- Strategy

2- Luck

No strategy means a trader is relying on Luck only. Luck may bring u some profit for a few days but sooner or later u will face loss.

The good or ill of a man lies within his own will. – Epictetus

Aug 14, 2013 11:55 am
Aseel88 User

ارسالها: 96
تاریخ عضویت: 29/07/2013

I don't really encourage these kinds of systems, coz in my opinion having a strategy to follow is the most appropriate way to increase your chances of winning.

http://www.fxstat.com/widget/link?t=tiny&c=7&s=19487&o1=growth&o2=drawdown&o3=monthly&o4=equity

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