getting past break even

[Hamza2424]

If you use indicators, that means you have knowledge of trading. The question is, do you experience frequent profit trading in the field of crypto currency? Because in reality,
it's not really easy to trade to get a profit. That's not easy to do.

That's why the 50% rate of chances to gain in trading is difficult to achieve because the usual thing that happens is that the average is high and the community traders still lose.

Hmm, using indicators really refers to strong trading skills, I was unable to judge this physiology throughout my journey, anyway, thanks bro for this stance, in community trading I use this term for the TG communities who join the groups of any influencer and pay for the signals, this is the fact there only community influencer earns and the trader hehe so-called trader lose always for a short term he can make money by those signals at the end of the day they won't have a single penny in the wallet because in bullish momentum anyone can blindly make money.


Skills are tested under the pressure of the market, it's not like there is only a 50% of chance of wining a trade or losing, because if you consider so its not trading it just gambling. I can explain more on it if you want how and why?

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[Wexnident]

I don't think it's anything odd that you're struggling to go above 50%, most traders do afaik. I'd say you'd only profit properly if you took some risks and went past that 1:! ratio. Anyway if it was that easy then a lot of people would've still kept trading and profiting to this day, even I would have. But no, it really isn't that easy lol. As for bots well, they're bots for a reason. They don't have the same flexibility as humans do nor can you actually put said flexibility into it in the first place. It's only good for some specific periods.

~

What's a pinescript code? I have heard it this time and despite that I am not the greatest trader here but with that term you've mentioned got me curious on what you really trying to do. But if you're trying to beat the market, you can't beat it and that's why you have to be with it and just do what's necessary as an action and keep on testing strategies that will make you profitable and what's more comfortable to you in doing. Not all of them are going to be green days but somehow it is going to be with your few more tests.

Should be something used for scripting bots used in trading. Not sure how it works I just know of it but I've never used it.

[justdimin]

I personally think that trading is not a one-size-fits-all kind of endeavor and there's a high probability that one man's strategy might not work for the next man. You can do some paper trading with different indicators, patterns or strategies and see which one works in hindsight. Once you're done with that phase before you can double down to focus on your chosen strategy.

Even better, you can use a demo account but one thing to keep in mind whether you're trading a demo or via paper trading is that, you will be willing to take on more risks/losses if you're just doing those.

Yes trading is not for all, or not all are capable of doing it and this is why we also have investing, staking and others that people can do and for sure there will be one that will fit for them. I think the explanation on why one strategy might not work for the other is because they don't have the same capacity on how to understand things. Other than that, the market is also changing from time to time.

We must understand this so that we won't hope too much and we won't hurt our selves or the other person that gave us a tip. Practicing trading or our strategies in the paper or a demo account can also differ from the real one.

[mr_random]

At least you tried but don't forget the market is all about human emotions. That is the first reason why we can't get the same positive results on live algo trading from backtested trading strategies. 50% is not a bad ratio but you have to make your edge on the markets without tools. Indicators and other tools don't give you a specific edge over a long time, you have to master price patterns to get desired results within time. Mostly it happens after 10k hours of screen time, from my experience.

[Natsuu]

I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.

Basically what you are asking is how can you make more money and not to play longer with break even. The answer is easy. Just hold your position longer so that your risk reward will increase from 1RR to probably 2RR or 3RR. Depending on your risk apatite and how long can you hold your trade. Then overtime as you build your track record, you will notice trades where you bet with greater size.

That is why trading is unlimited game. Because there are so much ways to improve your edge. And the only way to improve your edge is to look unto your trading and know which aspect can you improve. Is that risk management, your exit, your entry strategy, or your psychology.

[synchronym]

I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.

I don't understand much from your post but if i understand it seems like you are a newbie if you are new to trade then you must acquire enough knowledge about trade. If you don't have enough knowledge of trading then you will never get success through trading. Of course you need to invest for long term in trading. If you have a long term trading plan and can invest patiently you will definitely get success.

[Zigabel]

I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.

What you actually intend to get from this post of yours isn't actually clear because for a post as this, it was expecting you would get to a point where you would state clearly what imputes you would like to get from us who are going to make replies to this post but then you just stated your experience which actually isn't in clear terms and then you aren't even giving room for a clear picture at what it's actually intended with this post.

I would only want to mention that your strategy isn't looking like one that will actually be really effective enough to get you into profitability so it will be better you improve it especially with your risk to reward ratio because for bad days you would need much more than your risk to reward can give you in oder for you to be able to make up for that which has been lost.

[gunhell16]

I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.

I have a question for you, Op. Do you understand anything about the trading that you are involved in here in the crypto business? So what kind of indicators did you try to use in the actual trade you made? It's not clear what you made the topic of this section; that's why I'm asking you.

Now, if you tell me that you are just a newbie, it seems that you are in too much of a hurry to get profit in trading. Although I know that is the aim of all of us, there are still some things that we should consider in that matter. And that is a lesson to learn first before jumping into trading.

[Jody.Drummer]

I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.

I don't understand much from your post but if i understand it seems like you are a newbie if you are new to trade then you must acquire enough knowledge about trade. If you don't have enough knowledge of trading then you will never get success through trading. Of course you need to invest for long term in trading. If you have a long term trading plan and can invest patiently you will definitely get success.

And having qualified knowledge you will only be able to get when you already have
high enough flying hours in terms of the learning process that will give you experience and knowledge. Basically everything requires a process and struggle, there is no success that comes instantly in any case including in the world of trading, meaning however if for example you want to achieve success then obviously there must be something you sacrifice such as time, money and thoughts.

Trading is not as easy as turning your palm because this profession is like you build a company within yourself, you are the one who plans, organizes, manages, controls and looks for strategies to make a profit and not to forget we also really need patience to really make sure that it is the right decision, but overall what is more needed is good self-control such as having the ability to minimize greed and emotions, because usually this is always a problem for most traders who make them experience significant losses, the point is that you must have a warrior mentality, good consistency, and the ability to minimize greed and emotions.
mental fighters, good consistency and never give up if you want to succeed in the world of trading, this is what I know from several successful traders.

[boyptc]

Well, as everyone do not understand you just as me. But if I am going through, what I am understanding is about you literally what the title says.

So, if your strategy dont work at all then retest. Upon doing some retest and backtesting, you will have new results but it might be losses or past your break even.

If you keep on break even, honestly, that is better than losing more.

[Bushdark]

I have been testing indicators and strategies for a while trying to come up with profitable ways to trade. But I cant seen to beat a winning rate of about 50% on a 1:1 risk reward. Nothing I tried is giving me an edge
While testing some pinescript code yesterday using a basic strategy for testing purposes of entering trades when a green candle appears after a red one I also got a win rate of 50%. So I cant seem to beat a coin toss.

Maybe you can try more and that could be more profitable if you try to work on fundamentals too because this is the only analysis that would give you a edge in the market while others are complaining why their strategy don't work always for them.
You can shift your focus on fundamentals since it looks like the technical you are building is not doing fine with a better reward for you.
What do you think will happen if price was pumped and dumped at the same time. Go for fundamentals.

[Marvelman]

Well, as everyone do not understand you just as me. But if I am going through, what I am understanding is about you literally what the title says.

So, if your strategy dont work at all then retest. Upon doing some retest and backtesting, you will have new results but it might be losses or past your break even.

If you keep on break even, honestly, that is better than losing more.

Breaking even is okay, but it's not exactly a winning strategy. Strive to do better, not just avoid losing more. We should aim higher than that! Otherwise, there is no point in doing anything in the first place.

By the way, I didn't understand what the OP meant, either.