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Looking for a full time trader trading a mechanical system

  • Post #1
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  • First Post: Feb 8, 2012 7:57am Feb 8, 2012 7:57am
Are there any full time traders here trading 100% mechanical systems. By mechanical I mean you see something happen via indicators and take a trade. Where discretion is not part of the equation.

I've always been told if you want to learn learn form those who are already successful in the business.

I'm really struggling with trading this year and last. It seems like I can only go wrong or when trades go good all the small losses overtake the larger wins. You'd think if someone can be consistently wrong with a little work and perseverance the opposite would occur.

If you have the time and heart to do so please extend a helping hand to a struggling person in need.
Quoting johnny2pips
Are there any full time traders here trading 100% mechanical systems. By mechanical I mean you see something happen via indicators and take a trade. Where discretion is not part of the equation.

I've always been told if you want to learn learn form those who are already successful in the business.

I'm really struggling with trading this year and last. It seems like I can only go wrong or when trades go good all the small losses overtake the larger wins. You'd think if someone can be consistently wrong with a little work and perseverance the...

well, i profit consistently. but i just dont have the time to help anyone.
Quoting whatfx
well, i profit consistently. but i just dont have the time to help anyone.

bla bla bla this guy just randomly posts wins of 100 pips or whatever after the moves - no charts whatsoever - just posts that claim he's king.


------------------------------------
and to the Tthread starter :
most profitable traders do not have time to help hand in hand a beginning trader. its best to learn on your own - butsome do and you can always have a mentor or a trading buddy.

good luck to your journey
Have I got something on my face, SOLDIER?
I am not a full time trader - far from it - just started a few months ago part-time with varying results. I am quickly getting to the view that after I do my analysis, determine the trend, take note of what my indicators are telling me, etc. make my decision to buy or sell - then do the opposite !!!!!! - that should do it.

I would be very interested if any FT traders would be willing to give an insight to their methods so will be watching this one. Thanks for starting this one J2P.

AngyG
Quoting johnny2pips
Are there any full time traders here trading 100% mechanical systems. By mechanical I mean you see something happen via indicators and take a trade. Where discretion is not part of the equation.

I've always been told if you want to learn learn form those who are already successful in the business.

I'm really struggling with trading this year and last. It seems like I can only go wrong or when trades go good all the small losses overtake the larger wins. You'd think if someone can be consistently wrong with a little work and perseverance the...
Hi Johnny.
Interesting post, and I sympathize. Perhaps it would help if you gave us some idea of what methods you've been trying and what indicators you've employed along the way. Speaking for myself, during the time I've been involved with FX, I've realized that it's usually "the simpler, the better". I'd be interested in your reply, Johnny. I'd like to lend a helping hand in some way, if I could.
Cheers for now.
Quoting johnny2pips
Are there any full time traders here trading 100% mechanical systems. By mechanical I mean you see something happen via indicators and take a trade. Where discretion is not part of the equation.


PERHAPS you need to try something different. Such as, trading without indicators, only one pair on a larger timeframe. Start crawling, then walk, then run. Most mechanical systems dont work just by themselves. Its the trader, focus on being yourself and living in the moment. Focus on taking care of yourself and having a healthy mind.

I cant say discretion discretion will never be a part of the equation here but I think you still looking for a holy grail. Just stop at that. Invent your own system or trade however you like that you have confidence in.

I hope this helps,
best of luck!
All posts are my personal opinion
  • Post #7
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  • Edited 9:34am Feb 8, 2012 9:20am | Edited 9:34am
You may want to check the Trading Journal section and look up Gejordan 2012 Mentor Challenge thread. Best of Luck.
Trading can't be taught but it can be learned
Mechanical system? Indicators?

Aren't you smart enough to see that:

Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 160 KB


ZOOM OUT! Look at the price behaviour!
Oh but it is M1 it is so fast and complicated...

And then that:

Attached Image (click to enlarge)
Click to Enlarge Name: fds.gif Size: 144 KB


Again zoom too close and lose money.

There was at least 40 obvious pips to be made in 3 hours or less.

Please tell me how it is complicated...
Here's a little background info on my trading thus far.

Late 2010 - I researched about forex while searching ways to make money from home.

First half of 2011 - Bought books on harmonic trading reoccurring price patterns. Joined a paid subscription website for their "harmonic indicators" still not doing well.

Second half of 2011 - Started to think it was best to make my own trading system and keep it simple as possible. Started with CCI and moving averages. Kept increasing the averages form 100 up to 2000. Certain self discouragements had led me to leave that system.

Current - Doubting my own understanding of indicators.

All of this was on 30M to 1H charts. With a few unsuccessful scalps here and there.

I'm not trying to win the lottery of forex and am not looking for the holy grail of systems. Just want to learn to be consistently profitable for the long term.
Quoting johnny2pips
Here's a little background info on my trading thus far.

Late 2010 - I researched about forex while searching ways to make money from home.

First half of 2011 - Bought books on harmonic trading reoccurring price patterns. Joined a paid subscription website for their "harmonic indicators" still not doing well.

Second half of 2011 - Started to think it was best to make my own trading system and keep it simple as possible. Started with CCI and moving averages. Kept increasing the averages form 100 up to 2000. Certain self discouragements...
100% mechanical is your issue IMHO, first if those trader who have 100% mechanical exist they arent on this form and just got a robots doing it for them most likely


and no one likes to help others.. thats my story on FF so I don't care to help anyone either since thats what we was taught
That's a vary selfish way of thinking. No offense... It's not like anything shared on this forum would ever change the way the markets move.
Quoting newyear498
100% mechanical is your issue IMHO, first if those trader who have 100% mechanical exist they arent on this form and just got a robots doing it for them most likely


and no one likes to help others.. thats my story on FF so I don't care to help anyone either since thats what we was taught
Excuse me, brother, but I, for one, don't mind helping others as and when I can. I've been on FF for quite some time now, and the kindness and patience of some of the traders on here have been very encouraging. I can't believe that you were taught NOT to help others, and quite frankly, your attitude towards someone who is quite obviously asking for genuine guidance, is very disappointing.
Quoting johnny2pips
That's a vary selfish way of thinking. No offense... It's not like anything shared on this forum would ever change the way the markets move.
it actually can change the way it moves however its unlikely.. and there actually an even worse outcome that doesn't involve it necessarily changing the way it moves but has way more chance of it happening..
Quoting whatfx
well, i profit consistently. but i just dont have the time to help anyone.
Why bother saying that? Why?
Quoting eyevoltage
Excuse me, brother, but I, for one, don't mind helping others as and when I can. I've been on FF for quite some time now, and the kindness and patience of some of the traders on here have been very encouraging. I can't believe that you were taught NOT to help others, and quite frankly, your attitude towards someone who is quite obviously asking for genuine guidance, is very disappointing.
really dont care, maybe if someone offered a full system to me in my beginning on FF I'd do the same(if it worked)

however I think the reason people don't help is way better reason than any... its the blind leading the blind around here..

and what works for me doesn't always work for you, so its better we not confuse eachother.. take a look around FF and my point is proven

so I guess its a paradox that I am really helping you buy not offering a xyz system but rather smaller bits of advice.. similar to how you don't feed the baby a whole steak gotta give him a little (and we were all babys at somepoint I don't exclude myself)
Quoting Roofx
Why bother saying that? Why?
read ma post brother ...


and to Johnny - i am still new to markets as well. skill is nothing, i learnt basically what u need to learn about buying and selling for profit in less than 6 months. I range from price action trading , to trading cycles and time and astrology... its not hard..but what i didnt realize was the mindset takes more time. im not consistently profitable yet - but i do have that skill and potential to profit. in fact i have. i jsut need to be consistent. now johnny do u haave the same case as me?

i am working on my psychology hard this month - and thats what i think could help me out a lot.
Techs and fundies are not as hard as pscyhology....

if you need skills they are roaming in the net, and lot of golden info in FF. just need to find your touch. dont force yourself to do something you do not want to do. do you really want mechanical systems for example?

you need to take into effect taht mechanical systems are losing the "human factor" - or discretion. some people like it some people don't.
some people like indicators - some just like one or two. some dont use any. some use for trading signals - others for a little extra info.

it all comes down to who you are i think ...

anyways...

perhaps psych is the issue at hand?



id love to help as much as i can - even though i may not know much and still am learning... but as eyevolatage said - many has helped and it would only be right to pass on the knowledge
Have I got something on my face, SOLDIER?
Instead of blatantly asking to be taught I'll give a few examples and maybe you can comment on what may or may not be right.
Quoting RRRulio
Mechanical system? Indicators?

Aren't you smart enough to see that:

Attachment 893928

ZOOM OUT! Look at the price behaviour!
Oh but it is M1 it is so fast and complicated...

And then that:

Attachment 893929

Again zoom too close and lose money.

There was at least 40 obvious pips to be made in 3 hours or less.

Please tell me how it is complicated...

BLA BLA BLA,

i suppose u started with trading in last few months....

------------------------------
johny about ur questions....

dont worry man, you re not alone who didnt find 100% mechanical system because it just doesnt work in this way(at least for me not)

indicators are based on past price movement so they re telling you nothing at all....ofc for example if u want to be intraday pullback trader and u have some screentime and u know how your perfect setup looks like so you just can pull some indicators to feel more confortable and less reliant on your bad psychological side....i mean by that its much easier for your ego,greed,fear etc just to execute your signal than to analyze it too deep....but again i think that the big discretionary part is needed....

anyway....i would suggest you to go more into the matter...i mean you should learn about macroeconomics, about market microstructure, what is moving them, about all correlations and how they affect ur underlying in the current time, what economic figures are expected to come in next few days and how important they are and what is in the focus of market....this all is very important because u know then when to trade, that market opens use to be choppy, that good looking pullback in that time may be only trap etc etc....but all this come only with hard work and experience and feel for your market, its also better to be focused on 1 or max 3 pairs so you know how it breath, how volatile legs it use to have

then u should correctly understand supply/demand, average ranges for your pair, trendlines and study price action around these levels or play direct bounce when it is in favour of your bias, you will learn a lot by watching this for years.

you can take a look on mongolian thread : make money every day, u will find a gems there, again its a hard work to get it but its worth it

best of luck.

with regards Mike.
Well, i can feel your pains. But one thing i have learnt alot in my forex journey is that making money requires patience, market strenght, price action and momentum and the biggest of all is good capital to run the bussiness so that you are protected in your risk reward ratio. Build your account gradually, because no quick riches in forex. It seems all was just going bad after loosing and changing brokers any how before because i dont understand market strentgh. I Followed several mentors here but cant go further. Well, i finally developed my own profitable mechanical system a year back which is very profitable uptil now. Credit to one of my mentors that assisted me for the basic. I have shared it with very few people. But my mentor have it being sold somewhere, and i dont want his trouble. If you need it holla me. I will tell you what to do. I will give you for free, yes 100%. So that you can try it and give me feed back or sharing our results weekly/monthly. You can start from their.
Besides, it works on all time frame, but we use it on only 1hr and 8hr time frame if you have the got to trade on higher time.
Dan
"Great minds discuss ideas, average minds discuss events
Quoting katrooo
BLA BLA BLA,

anyway....i would suggest you to go more into the matter...i mean you should learn about macroeconomics, about market microstructure, what is moving them, about all correlations and how they affect ur underlying in the current time, what economic figures are expected to come in next few days and how important they are and what is in the focus of market....this all is very important because u know then when to trade, that market opens use to be choppy, that good looking pullback in that time may be only trap etc etc....but all this...
This is what I was looking for. What to research, and where to reference it. Not counting eggs before they hatch though.
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