- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
sharing an EA for closing the system 17 replies
Trading System Encyclopedia Sharing 2 replies
Sharing backtest on EUR/USD MA system 2 replies
trading system sharing 1 reply
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Will anyone wanna kid me that none of you never took at least a small portion from some systems in here to create your own trading model? Well if you didn't sure u did from some guru traders that wrote a book or else some other forums, where do you think you get all that knowledge from? The sky?
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Dislikedthis is on another thread i've found.
i give 5 stars for this post.
i'll give comment:
Yes, the trader profit 'only' from market inefficiency. this is like finding oil in dessert. when the profitable system become very well known it will eat the hole of ineficiency and the last the hole of inefficiency close out.and become efficient.
bcs this is zero game. when somebody win, someone/something is lost.
what is the motive give cake you found to another? unlimited cake????!! unlimited loser?
please correct me maybe i'm wrong.Ignored
Dislikedi don't really see why anybody would share their own self made system. I came up with a system that took about a year to put together. All that work and note taking and having to put it on a nice thread is just redundant.
What's worse is people who probably as lazy as heck would ask the the questions like what does MA means? or would this work in 5 min chart or monthly chart? I mean, it's just a direct insult to your work and they are more than likely to change the system to be something completely different from your original system by the same people who been losing their accounts over and over and asking questions that can be answered by doing your own homework. So you wonder why you would share it in the first place
i'm just rambling. I agree with darkstar's post. If you come up with a system and it's working, just keep it secret and get rich. If you want to help, just donate to charities.Ignored
DislikedThe big benefit from posting a system or indicator is simply that it forces one to articulate it - which ideally means looking at it closely. It's no different than any other publication in that respect.
As for whether it degrades the value of the method, that never really bothers me, being a trend trader. The less noise in trends the better. One of the big mistakes traders tend to make is to believe that everyone else is trading for the same ST small profits they are but the reality is much different; there's all kinds of people and institutions buying and selling ccy's for their own reasons and on their own timeframes. For that reason "inefficiencies" (I use the term very loosely) will always exist, and they'll be exploitable. One just has to be adaptable to take advantage of them.Ignored
Dislikedwell if that was the case, a good ole system known to traders i.e trend lines would have been exhausted.
But guess what...every one still uses it to profit.
TL, fibs
also there is no one particular system that works...it is is a combination of systems and f inding the right one at the right time.
Those who think you have a holy grail , or think some has a holy grail, you are dead wrong.
no one knows the future price.
but you can use systems to predict with good MM you are good.
some people are generous enuf to share different systems here @ FF
I love FF for that reason as i have learned a lot.
but to think you have a holy grail and to keep it to yourself is selfish and greedy and it only exist in your mind.
there aint a system that will be theee holygrail.Ignored
DislikedHi Halifax,
I agree with everything that you have said above.
If you take a look at yhe first page of my thread, and also look at how I trade, it is glaringly obvious that I am not saying anything different to what all the good trading books say...but it is amazing that every newbie wants to "take on" the market and then wonders which express freight train flattened them (and destroyed their trading accounts).
Most people are trading for the adrenaline rush rather than the boring concept of just maximising profits.
.Ignored
DislikedPoint is: "A candle loses nothing by lighting another candle". - Erin MajorsIgnored
DislikedTo stop the snake oil salesmen... at least save a couple of traders from burning their hard earned money... Smart people will get the idea and follow... others will search for the next best system or indicator (in other word; searching for the next snake oil salesman -- LoL )
Point is: "A candle loses nothing by lighting another candle". - Erin MajorsIgnored
Disliked"WHEN SOMEBODY IS WINNER , SOMEONE/SOMETHING IS LOSER."
i don't mean only from trader. don't make me typing this again.
yes, and they are limited. and maybe there is always inefficiency, but the inefficiency is always limited at any given time. 1 billion inefficiency at a time, divide it by 1 trader or 10.000 trader?
if you honestly share that, no one not given you Thank You.
and i will call you Mother Theressa's trader.Ignored
DislikedThe trader must have the right mindset for any system to be succesfulIgnored