One or more trading strategies, which one do you prefer?

[KingsDen]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

Apart from in trading there is always need to have two instead of one.
1. One can obviously fail and you will need a  backup
2. One does not provide alternatives.
When you have multiple strategies you will have to know where and when you will apply each one.
Apart from the above, a strategy fails at a time, so you will need a backup incase you main strategy works.

[1714203301]

1714203301

[Mrengage]

I have been in the world of trading for a while, and over the years there have always been controversies over the best, whether to use a single strategy for trading or a combination of strategies.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

What about you, what is your preference, and why?

I see many strategies as too much stuff to handle if you ask me, like I don't like stress when it come to the financial market. I like to keep my trading strategy plain and simple in the case even a newbies can easily grab what am doing with getting confused of many Analysis paralipsis's

[crwth]

This is more of a combination with me regarding the indicators used for the strategy. It is made up of different indicators forming basically one system.

One strategy isn't enough since there are a lot of different market situations like a bear market, bullish market, sideways market, etc. It would be best if you had different strategies for that.

That said, multiple strategies would be ideal, and automating it is the best.

[EarnOnVictor]

Combination of strategies is not always helpful, making a trader to become either confuse or more confident about an entry.

in other words, sometimes people will confuse themselves with the strategy, in fact, that is the strategy they want to implement.

What you guys don't know is that what you called the state of confusion is the state in which you are supposed to wait rather than take any trading action. There is nothing you can say about trading that I don't know or have not tried, and my experience of all of them concludes that 'you should use what works best for you.'

For me, it's the combination of well-blended strategies that help me trade at the right time, but could force discipline in me to be patient before trading. This also helps me to win more trades and averts more losses than the mistake of trading one strategy would have caused.

Personally, I don't have issues with that, many of my trading strategies can stand alone. But experience chose for me over time. I now combine trading strategies and it has helped me to better filter my trading signals for greater performance. And if any of that strategies did not confirm the same signal, I do not go for it.

Trading strategies or trading signals?

I mentioned strategies and signals there, it depends on what you referred to. Trading strategies are the approaches you use to speculate what the market would do. While trading signals are the advice given by your strategies or its issuer for you to act upon.

Trend detection is generally never part of the strategy

Can you then tell me in simple terms what detects the trend of the market if the trading strategy is not part of it?

[Mpamaegbu]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that. Having fancy indicators crisscrossing one's charts isn't the best, especially when their signals conflict and throw one into losses. For me, I rely mainly on leading indicators of Lines like pivots, S&R, trendlines, PA and then I've it at the back of my mind that there's no holy grail. In trading, everything is speculative and no certitude it can't go otherwise.

[cute nmp]

I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

[MFahad]

People always prefer that strategy which is profitable for him no matter its a single or multiple but the main thing is profit. It is necessary to have knowledge about market situations so then applying your strategies will make you profitable.

I think strategies which were used in the past remains the same but uses of these strategies changes according to the situations. One strategy does not always work so try to understand about different strategies and about time of its uses with the help of YouTube videos.

I will always use that strategy which is profitable for me and will use it until its beneficial under proper situations but if I choose certain strategy and it does not work for 3 or 4 times then I will not use it again because the main thing is profit.

[DoublerHunter]

I think it's more correct to choose one strategy to work with. In this case, the trader has a really better chance of success.

^ Nope, I don't agree with you.
Don't stick to one strategy especially if you have failed on it so many times.
However, the decision of whether to have multiple strategies or stick with one in crypto trading depends on your trading style and goals. Multiple strategies can offer diversification and potentially reduce risk, allowing you to adapt to different market conditions. Having multiple strategies requires more time, and expertise, and can create psychological challenges. It is important to find a balance that suitable to your objectives, risk level, and personal preferences. Consider experimenting with different strategies in a simulated or small-scale trading environment to determine their effectiveness before committing significant capital.
So, therefore, I voted more strategies would be good.

[lalabotax]

People always prefer that strategy which is profitable for him no matter its a single or multiple but the main thing is profit. It is necessary to have knowledge about market situations so then applying your strategies will make you profitable.

Professional traders usually have their own trading strategy that they can adapt to market conditions and have used it effectively time and time again in all types of market situations. But for beginners or ordinary traders, maybe this is not as significant as we said, the important thing is that they get more profits

[Captain Corporate]

People who say "one" strategy must be saying something that is versatile depending on the market conditions, otherwise it makes no sense. Like I said a million times before, something that works at bear, won't work at bull, something that works at bull won't work with bear, and something that works with sideways will not work with either of them. So all in all there is no scenario where we could see it as a good thing, we need to realize that this is a trouble and there is no way out of this. I know that people are not going to be joyful about the situation, and that's a trouble in the end, because they want one solution and want to be lazy about it but there is none. Maybe something versatile that changes with time could possibly be the reason.

[MFahad]

Professional traders usually have their own trading strategy that they can adapt to market conditions and have used it effectively time and time again in all types of market situations. But for beginners or ordinary traders, maybe this is not as significant as we said, the important thing is that they get more profits

beginners have no experience at start so whenever they become familiar with the market situation, with the type of coin and with the price chart then they will understand about actual strategies. Beginners don't have lots of knowledge as compared to professional traders and as the times passes and they don't loss hope so surely one day they will become professional traders too.

I think those individuals who have proper management and have skills to operates successfully are always profitable. It is possible that beginners will get profit from start if they understand everything at initial stage.

[EarnOnVictor]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

[justdimin]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

[Minecache]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

Although I'm not very good at trading but can't just use one indicator to trade, I haven't seen anyone who can do that. But I think using more or less indicators does not matter because each person will have a different mindset and strategy, we should not impose our thoughts on each other. The important thing we need to take care of is the profit that we can achieve no matter which indicator we use. If we are stable and profitable with our strategy, don't change it just because our strategy is not like others.

[awik p]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

indeed a professional trader they don't use just one strategy, but several strategies, but they also differentiate accounts for each strategy system that is executed. that way they can see which strategy can work well, or even they can analyze which strategy system is suitable for use in a given situation and condition. By doing research continuously, it will make them understand more about how to trade, which is a fun activity for them

[irhact]

Although I'm not very good at trading but can't just use one indicator to trade, I haven't seen anyone who can do that. But I think using more or less indicators does not matter because each person will have a different mindset and strategy, we should not impose our thoughts on each other. The important thing we need to take care of is the profit that we can achieve no matter which indicator we use. If we are stable and profitable with our strategy, don't change it just because our strategy is not like others.

It's good as a trader that you should try all possible strategy available and choose the strategy that best works for you. We don't have to depend on any individual advice as what works for them and give them huge success mightn't work for us or work in a successful way as it did for the other individual. This is why it's necessary we trade ourselves instead of depending on trading signals as it gives us the opportunity to know what works for us best..

If by using one trading strategy you'll get a better results than when you combined trading strategies then only use one strategy and when that strategy stops working for you, you can change to a new strategy that you would have already tested and it works perfectly for you.

[Dunamisx]

I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

In my own case, I'd prefer making use of a single strategy but when am using that for a long time and over this period without having a result to back it up then i try to switch or change to another maybe i could use another approach to get a better experience with my trading, this is how I've been always staying with these kind of situation because i like holding onto something but not when am not having good results from it, then i try to refrain myself for another option.

[Vivageneviv]

I find Grid Trading very effective especially in a volatile market where emotions can influence your decision making.  I feel like the efficiency of AI brings a lot to the table in this form of trading. Which explains why a lot of CEXs including Binance and Bitget now launch AI grid trading products to help users reach more efficiency in trading

[Hamphser]

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

indeed a professional trader they don't use just one strategy, but several strategies, but they also differentiate accounts for each strategy system that is executed. that way they can see which strategy can work well, or even they can analyze which strategy system is suitable for use in a given situation and condition. By doing research continuously, it will make them understand more about how to trade, which is a fun activity for them

The more the better and this is where traders should really be doing because market does have lots of variations on which it would really be just that normal that you would really be needing a different approach too

on which means that it would really be needing different strategies on certain conditions.Although it not really that known that TA's does really give that assurance on hitting up the right spot but at least you've been
that aware or wary about on the things that could possibly happen basing up with those candle stick patterns and other analysis that you have able to dig in on using up these indicators.
There are different show of probabilities on different sets of tools that you've been using. This is why taking up risks on making decision on following those things is the real thing and the risks that we are taking
but speaking of risks then this is the best way on doing so rather than on putting yourself on risk into something random or having no analysis at all that has been applied.
You could really be able to tell the difference in between two though.

[Kimonoe]

I personally prefer using only one Trading strategy, During my early trading days i went through so much strategies from one to another to choose the one that best suit my style. After a while i was able to pick one don't think i will ever use another strategy apart from mine to avoid complications.

In my own case, I'd prefer making use of a single strategy but when am using that for a long time and over this period without having a result to back it up then i try to switch or change to another maybe i could use another approach to get a better experience with my trading, this is how I've been always staying with these kind of situation because i like holding onto something but not when am not having good results from it, then i try to refrain myself for another option.

if you are still in the learning stage it is better to use one strategy, because we will analyze the progress of the development of our trading system first, until we achieve the goal of getting consistent profits in trading. after feeling that you have mastered one trading system, then we can develop another trading system, it aims to approach methods from several existing trading systems, so that we know the advantages and disadvantages of each system used