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Do I need a different strategy?

 
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Gilad.Trader

Do I need a different strategy?

I've been using 2 strategies ... BB breakout ( join the band) and 50 MA pullback with stochastic ( fast funding strategy) mostly on the 30m / 15m charts with trend alignment of 1H and 4H.

I place stop loss below pivot point or 1 ATR and take profit double of that.

It doesn't seem to be working at all last days. I had many losing trades and before of that I was about break even.

Honesty I don't feel like I have 50/50 chance to make 2:1 ratio.

Any suggestions for other stratrgies I'll have more confidence in?

Thanks

Fri, 05/12/2017 - 1:25pm
 
twindad481

Might I suggest that you go through some of the training discussions such as the Banker's close strategy. Take advantage of the forum and look for people who have attained a higher level like Gold and read their posts that detail their trading strategies. I was stuck in Silver I until I read some strategies that people used to get the 5 trades held for 24 hours and making at least 25 pips.