How did you come up with your profitable strategy?

I’m feeling frustrated because I still couldn’t find a profitable strategy. During this time, I’ve been fully on YouTube and Reddit trying to find one.

I’m ready to backtest. I’m even okay with fixed risk-reward and a 1 trade/day rule, but still I couldn’t find a profitable strategy.

I’ve backtested some strategies, and some of them were profitable in one month, but not in another month.

The strategies I tested are:

EMA crossover = it gave 10% profit in one month, but in another month it was a complete loss.

ORB = same as EMA crossover.

4H support and resistance = this was actually my main strategy. It was working, but in a month I got only very few trades because the target often takes 1 week or more to hit. So if I miss one opportunity or get a loss in a trade, it becomes hard to recover to breakeven because of the low number of trades.

SMC = I tried to backtest it, but most order blocks were not working, and valid order blocks are also very few. Most gurus use the 4H chart, so again only a few trades. The premium-discount strategy is the same — it works mainly in trending markets. FVG is also similar. If we combine it with premium-discount zones, the number of trades becomes even fewer.

So in SMC, I really don’t know which concept I need to focus on, which timeframe to use, and whether it is normal to get only a few entries.

Wyckoff = I actually didn’t learn this fully. Before learning, I searched about it and found people saying it’s not great for day trading and is too subjective, so the chance of failure feels high.

So these are the things.

How did you come up with your profitable one? Did you identify and build a new one from your own experience, or did you become successful using these existing strategies?

Also, do objective strategies like EMA crossover fail more than subjective ones like SMC?

So is there really no proper strategy? Is it just about entering with the trend and somehow being profitable?

With this situation, do I need to enter the market without a proper strategy?

submitted by /u/william_buttler to r/Daytrading
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