- | Joined Sep 2006 | Status: Member | 497 Posts
"The time to act is when others show signs of tire." --W.D. Gann
Are you willing to share your poor/ bad/ loser/ lousy system? 43 replies
Holy grail trading system wanted, or nearest thing to it! 43 replies
WANTED: Conversion of VTTrader "Complex Trading System" to MT4... 14 replies
WANTED: Conversion of VTTrader "Complex Trading System" to MT4. 0 replies
A clever money management system wanted 21 replies
Quoting aparsaiDislikedCould you post the links. I'm not familiar with those websites.Ignored
Quoting forexplayerDislikedcollective2.com
tradency.fx-auto.com
on c2, you can look for "worst systems" under the title "Hot Lists" on the left.Ignored
Quoting dukeofdentsDislikedOkay, here's an old-school analogy for this entire topic. Put a quarter in your hand and start flipping it. Take a legal pad and score yourself 2 points for every time it lands heads and minus 1 point every time it lands tails. Watch the coin flip point total grow exponentially over several hundred flips. Watch it draw down when you happen to get 10 tails in a row. I mean actually sit down and do this several hundred times. You will be amazed how it changes the way you look at one individual trade, and the way you look at money management...Ignored
Quoting OrangeRoshanDislikedLOL...
There is no such thing as a losing system. A trade is only 2 types, win and loss! What made a trade sour is not the system but Trader's attitude!! A good signal can turned into a bad one when a trader didnt use proper MM and RM.
In trading, its not whether you are following a trend or not, but a big combination of SL and take profits. A signal can be correct, but a wrong SL will turn a good trade into a bad one is a good example. Greed or revenge is another thing.
So, there is no losing system only a losing Trader!! Go find a hopeless person in trading and do the opposite, Thats more like it!!
May the Pips be with you!!Ignored
Quoting aparsaiDislikedHi OrangeRoshan,
Thanks very much for your feedback.Ignored
Quoting OrangeRoshanDislikedYou are certaily Pippingly welcome. Btw, I like your EA, Its pipastic!!Ignored
Quoting OrangeRoshanDislikedLOL...
There is no such thing as a losing system. A trade is only 2 types, win and loss! What made a trade sour is not the system but Trader's attitude!! A good signal can turned into a bad one when a trader didnt use proper MM and RM.
In trading, its not whether you are following a trend or not, but a big combination of SL and take profits. A signal can be correct, but a wrong SL will turn a good trade into a bad one is a good example. Greed or revenge is another thing.
So, there is no losing system only a losing Trader!! Go find a hopeless person in trading and do the opposite, Thats more like it!!
May the Pips be with you!!Ignored
Quoting dukeofdentsDislikedOkay, here's an old-school analogy for this entire topic. Put a quarter in your hand and start flipping it. Take a legal pad and score yourself 2 points for every time it lands heads and minus 1 point every time it lands tails. Watch the coin flip point total grow exponentially over several hundred flips. Watch it draw down when you happen to get 10 tails in a row. I mean actually sit down and do this several hundred times. You will be amazed how it changes the way you look at one individual trade, and the way you look at money management...Ignored
Quoting aparsaiDislikedI am looking for a system that looses over 90% of the time. You might think I'm out of my mind. I might be but my intention is to create counter-direction trades based on that system and build a winner.
Such system should loose 90% of the time when you trade a fixed lot size (no MM envolved). It also has to be a very objective system. I mean it should use solid rules to trade.
If I manage to turn everything around, I'll write and EA based on the system and then post it to FF so everybody can enjoy it.
Happy Trading,
AlIgnored
Quoting aghastDislikedeverybody tries that in the beginning. you'll loose again in 90%+ of the trades.Ignored
Quoting permanentjaunDislikedI've thought about this before and wondered how anyone can lose if its that simple. Just trade using 100 TP and 50 SL. Or 20 TP and 10 SL. The ratio is all that matters. This is assuming we always have a 50/50 shot of winning and losing. The only conclusion I've come up with for why this doesn't work is because we are not always 50/50. The answer to becomming successful is then in finding how to become 50/50 or more.
You example is correct, but is it applicable to real live trading? The market isn't as random as flipping a coin. MattIgnored
Quoting aparsaiDislikedLet me give you an example of how it works. Suppose you set the TP to 20 pips and SL to 10 pips and you pay a spread of 3 pips.
Now if the market moves in your favour it needs to move 23 pips to hit your target (TP+Spread) but when it moves against you it needs to move 10 pips only to hit the stoploss. Which one is easier for the market to achieve 23 pips or 10 pips? The odds that it hits the stop loss is much higher than hitting the TP.
Now let's turn everything around and set the SL to 20 pips and TP to 10 pips. With the same spread the market needs to move 13 pips to hit your TP and 20 pips to hit SL so the odds that your trade ends up with profit is higher. Of course in this situation everytime that you lose you lose bigger so you need to make sure that your system wins most of the times.
A combination of win rate and profit rate can generate money otherwise you are an absolute loser.Ignored
Quoting g-doggDislikedtrue, but for some reason even when your out to get those 10 pips the market just has its way in annoying you by hitting your SL then coming back with a reverse 50 pip move. lol :Ignored
Quoting aparsaiDislikedLet me give you an example of how it works. Suppose you set the TP to 20 pips and SL to 10 pips and you pay a spread of 3 pips.
Now if the market moves in your favour it needs to move 23 pips to hit your target (TP+Spread) but when it moves against you it needs to move 10 pips only to hit the stoploss. Which one is easier for the market to achieve 23 pips or 10 pips? The odds that it hits the stop loss is much higher than hitting the TP.
Now let's turn everything around and set the SL to 20 pips and TP to 10 pips. With the same spread the market needs to move 13 pips to hit your TP and 20 pips to hit SL so the odds that your trade ends up with profit is higher. Of course in this situation everytime that you lose you lose bigger so you need to make sure that your system wins most of the times.
A combination of win rate and profit rate can generate money otherwise you are an absolute loser.Ignored