A trader need to build a profitable strategy and as a newbie he should make sure that the strategy should be easy and not complicated and it should have all the good contents like patience , discipline , money management and should follow trading discipline or basic trading rules at all the times .

Originally posted by ermaniso2011

hi dear fxstat forum members l want to ask to experianced traders to share their advise about how to built a strategy for newbies? we can share the basics for building a strategy and l am sure it will be helpfull.

so lets help each other .what are the basic elements of a strategy?and what are the steps to built it?

Start with demo trading. Try to read movements. You can also read basic strategies on forums. Do not go for advance strategies. You only need very simple strategies in the start. The best way is to read market urself which is known as Price Action.

Basic elements can be either indicators or Price action. I think u should start with simple indicators. If u have a friend or family member who is already in forex trading then u got a best start. 

Originally posted by ermaniso2011

hi dear fxstat forum members l want to ask to experianced traders to share their advise about how to built a strategy for newbies? we can share the basics for building a strategy and l am sure it will be helpfull.

so lets help each other .what are the basic elements of a strategy?and what are the steps to built it?

If u r talking about making an EA then u need to have a manual strategy which u can then develop into EA. If u r talking abt manual strategy then I agree with unique trader and champ.

Loads of work staring at charts and backtesting for years, then forward testing for months, tweaking, going back to backtesting again etc etc.  Its a very time consuming and difficult process.  Much harder than you would believe.

The first thing that we keep in mind that we have to make a strategy that best suits to our psychology, like if we can do long term trading than we must fo for long term we cannot succeed in this market if we go opposite to our psychology.

Than consider the technicals that you can use best and have all the info about that and must cosider two things first one is add a indicator that tell our about oversold and overbought condiotion seconed thing is add a laggind indicator to confirm signals and you amy add other indicator that you think that you have command over them.

Oversold and overbought are some of the most nonsensical indicators imo.  If oversold/overbought did not happen then trends would never happen and prices would be in a really tight range all the time. 

in strateg we must decidede these things 

Selection of indicators 

Signal rules, which condition you consider a signal 

parameteres of anlysis 

how to check fundamentals and preparation of analysis 

Protocols for trading 

A trader should make tough protocols for trading and afterwards make sure that he must follow them this will help a lot to control emotions and greed.

What do you mean by parameters of analysis?  Would be good if you put out a step by step guide.

We can make our good strategy by doing regular practice in demo account and by following the market news and then we can able to make a good amount of profit through it and i just love this business.