What is 1 intraday trading strategy that works 70% of the time?

What is 1 intraday trading strategy that works 70% of the time?

A simple intraday trading strategy with around a 70% success rate is the Moving Average Crossover. Here's how it works:

Moving Average Crossover

1. Choose Moving Averages (MAs): Select two MAs, typically a shorter-period (e.g., 10-day) and a longer-period (e.g., 50-day).

2. Crossover Signal: When the shorter MA crosses above the longer MA, it generates a buy signal. Conversely, when the shorter MA crosses below the longer MA, it's a sell signal.

3. Confirmation: Confirm signals with other indicators like RSI or MACD to avoid false signals.

4. Risk Management: Set stop-loss orders to limit potential losses.

5. Timeframes: This strategy works best on shorter timeframes like 5 or 15 minutes.

Remember, while this strategy has a decent success rate, no strategy guarantees constant profits. Proper risk management, discipline, and adapting to changing market conditions are essential for success.