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World's Simplest strategy
Customizable strategy for you to configure for the index and timeframe of your choosing as-is or with additional filters/indicators/code. Major parts of the code is hidden.
Introducing the "World's Simplesy Strategy," where trading becomes as straightforward as following the path of least resistance, just like our rodent counterparts. Drawing inspiration from behavioral experiments where rats outperformed humans in predicting random outcomes, this strategy simplifies trading to help you succeed in the unpredictable world of trading.
Description
At its core, the strategy is all about embracing simplicity and direction. Instead of getting lost in the prediction game and second-guessing market directions, we've boiled it down to a simple principle—always trade on the bullish side. This approach removes the confusion and focuses only on long trades, ensuring that you're always riding the path of bullish momentum.
What are the strengths of this core strategy?
Adaptable for beginners
Extremely simple code
Consistent framework
Logical risk management
Juan Jacobs
Developer
(FX Automate)
With a BSc in Business Information Technology, Juan traded a 7-year career as a Systems Analyst for full-time trading. Through logic and methodology, Juan's created numerous successful trading systems and indicators. His contributions to ProRealTime are a testament to his expertise, making him a respected figure in the community.
Release date
Sep 2023
Market
Which ever
Description
Simple is almost always better: and this is the world's simplest strategy
The magic of this strategy lies in its reliance on momentum. To determine when to trade, we watch for three consecutive high-timeframe (HTF) bullish candles. These three candles act as our compass, indicating when the trend is undoubtedly in our favor. And once this trend is clear, that's our cue to move with conviction.
But how do we decide where to set our take profit (TP) and stop-loss (SL) levels? This is where the brilliance of the "edges" concept comes in. Instead of setting these levels at arbitrary points, we utilize the opening trading range. These known edges, or boundaries, become our clear markers for TP and SL. It's a logical and practical approach to managing risk in our trades.
Tailored for traders who understand the incredible power of momentum
Timing also plays a pivotal role in our strategy. We've chosen to operate only during peak trading hours. This choice ensures that traders get the most favorable spreads and the best possible market conditions. Timing, as they say, is everything.
So, who can benefit from the World's Simplest Strategy? It's tailored for traders who appreciate simplicity and understand the incredible power of momentum. It doesn't matter if you're just starting out or if you've been trading for years and want a more streamlined approach. This strategy provides a crystal-clear path to success.
In conclusion, trading doesn't need to be a complex puzzle. Just like a rat navigating a maze, we can use what we know—our edges—and move with the momentum. Why complicate things when simplicity can lead the way? Dive into the World's Simplest Strategy today, and discover a trading experience that's both straightforward and highly effective.
Which are the settings to optimize?
A total of 24 different variables to optimize
The core strategy uses a number of different indicators and filters in order to make those perfect trades. These indicators and filters have to be optimized for your intended timeframe and market.
There ara 4 variables to optimize. In addition to that you can choose to optimize the stoploss level,
It's also recommended that you think about the trading hours of your system and make sure that the spread you use when developing the algo, aligns with the average spread of the index during the hours your algo is trading.
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