New to algo trading

 I am 19yers old and i have traded forex trading manually. Now I am shifting to algo trading so my problem is how to find a strategy . So currently I am researching and backtesting for a strategy to fit. But the questions is i am only backtesting the indicator based strategies. Other than like price action, smc, ict strategies will work ? How do you research about strategies please help me. What type of strategies do you trade for like indicator based, price action etc. ? Which timeframe do you trade in algo trading ? Thanks for your experience 🙏.

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u/Alternative_Skin_588 1 3 days ago

I highly recommend developing a diverse universe of at least \~500 symbols. I would rebalance weights roughly quarterly. This should be automated. For indicators & timeframe- I recommend using simple trading rules such as: buying if the previous bar is green (autocorrelation) and using a \~48 year timeframe and just selling when the bar closes. Its possible to set this up such that you can take advantage of lower long term capital gains tax which will give you pretty optimal risk adjusted returns.
u/Longjumping-Spot6595 1 3 days ago

skip the ICT stuff, that's mostly marketing for youtube gurus not actual edge start with something dead simple like a moving average crossover or channel breakout, backtest the hell out of it and you'll learn more from the failed tests than any ready-made strat i trade on the 1hr mostly, anything lower gets eaten by noise and commissions