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what if every free system is attached to a trading explorer?

  • Post #1
  • Quote
  • First Post: Oct 20, 2015 5:19pm Oct 20, 2015 5:19pm
There are many very interesting systems on FF ,they all have potential on paper,but i wonder why the the members writing these systems don't publish a trade explorer or myfxbook link to their accounts ,real or demo ,so that traders can distinguish between profitable systems and losers and save other members 's effort and time.!!
I say that assuming that every system writer is trading his system and profiting from it.!!!!Thanks
true
post yours
Quoting marindosidah
post yours
I didn't post any system on FF to post it's explorer.
The measure of intelligence is the ability to adapt!
Quoting fxnow
There are many very interesting systems on FF ,they all have potential on paper,but i wonder why the the members writing these systems don't publish a trade explorer or myfxbook link to their accounts ,real or demo ,so that traders can distinguish between profitable systems and losers and save other members 's effort and time.!! I say that assuming that every system writer is trading his system and profiting from it.!!!!Thanks

It's because a profitable system showing consistent profits does not exist.
Quoting Mingary
{quote} It's because a profitable system showing consistent profits does not exist.
I hope you are wrong Mingary. (: (:
Quote
There are many very interesting systems on FF ,they all have potential on paper,but i wonder why the the members writing these systems don't publish a trade explorer
The answer is obvious, you would see many of them performing below expectations. Of course there is always the escape clause that allows for discretion thus avoiding any form of objective analysis.
Quoting Mingary
{quote} It's because a profitable system showing consistent profits does not exist.
I somehow agree with you on this but I'm not sure we are on the same page!? The key here is the word systems! Because it seems to me, that most people "understand" this part completely wrong. As a trader you definitely have to have systematic approach to the markets(methodology), consistent framework and routine. Also planning and strict risk management rules to keep you out of trouble. But the discretionary element is the key. There is no way around that. And there is no shortcuts..
For most people the real problem starts when they start to search for THE magical system - fully mechanical, with rigid rules, where the system itself makes the decisions when to buy and when to sell...... It's like everyone is looking for a way to make money without any thinking, preparation, or hard work. The system tells buy - you buy, when it says sell - you sell.....or even worse the whole process is wrapped and fully automated in black box EA. and it "makes" money 24/5..........It just doesn't work that way, never did and never will! You cannot get something from nothing. You have to do the work in order to develop your understanding and skills to the highest possible level.......there is no other way to beat the market. Professional athletes train 4-10 hours a day 6 days a week so they can win the race. A businessperson works 8-10 hours a day 5-6-7 days a week........ But for some strange reason this does not apply for traders? Most people seem to think that way....
Quoting alphaomega
{quote} I somehow agree with you on this but I'm not sure we are on the same page!? The key here is the word systems! Because it seems to me, that most people "understand" this part completely wrong. As a trader you definitely have to have systematic approach to the markets(methodology), consistent framework and routine. Also planning and strict risk management rules to keep you out of trouble. But the discretionary element is the key. There is no way around that. And there is no shortcuts.. For most people the real problem starts when they start...
Indeed we are on the same page (:
You don't see them because 90% of those here claiming they have a winning system and a long term positive account are simply lying and would never ever show it to you. Most system work on paper because they are fitted to win. When you use them in reality, things change. Thats why most prefer to talk about their system than actually use it and make money.
at least there is some one that is sharing not just blaming
focus while relaxed to see better
Quoting fxnow
{quote} I hope you are wrong Mingary. (: (:
No he's right. There are no profitable systems, only profitable traders.

Expecting to copy someone else's "system" is expecting to be spoonfed.
  • Post #14
  • Quote
  • Edited 9:04am Oct 22, 2015 8:11am | Edited 9:04am
Quoting fxnow
There are many very interesting systems on FF ,they all have potential on paper,but i wonder why the the members writing these systems don't publish a trade explorer or myfxbook link to their accounts ,real or demo ,so that traders can distinguish between profitable systems and losers and save other members 's effort and time.!! I say that assuming that every system writer is trading his system and profiting from it.!!!!Thanks
I strongly believe every "system" posted on FF should at least have a trade explorer attached to show it's potential.

This is my trade explorer for the "Trading Made Simple" strategy on FF: https://www.myfxbook.com/members/Dim...erilla/1375016

My explorer is hardly spectacular but I like to show others my chosen system's results (that I can achieve) big or small win or lose, to possibly help others make the decision to study the main strategy that I use too.
Quoting jen101
{quote} No he's right. There are no profitable systems, only profitable traders. Expecting to copy someone else's "system" is expecting to be spoonfed.
Exactly! ... Hi Jen, long time sweetie. Hope you're well.

Most will probably laugh but, that's why I prefer "method" over "system". System implies a ridged, fixed and unwavering approach to trading. My method allows me to be flexible and adapt to changing conditions. Overall basics remain the same but the nuances change. As with everything, the devil is in the details.

The market is fluid. We must be as well.

Just my 2 cents.
Ghost Rider - WWTBMD?
Quoting albchr
{quote} Exactly! ... Hi Jen, long time sweetie. Hope you're well. Most will probably laugh but, that's why I prefer "method" over "system". System implies a ridged, fixed and unwavering approach to trading. My method allows me to be flexible and adapt to changing conditions. Overall basics remain the same but the nuances change. As with everything, the devil is in the details. The market is fluid. We must be as well. Just my 2 cents.
Hey Chris! Hope you're well! "Method" means do whatever you feel like and one day you'll get it right! I just posted on another thread how I'm trading GBP pairs these days and it would probably make most people wince!! No system, just watch what the price is doing.
Quoting jen101
{quote} Hey Chris! Hope you're well! "Method" means do whatever you feel like and one day you'll get it right! I just posted on another thread how I'm trading GBP pairs these days and it would probably make most people wince!! No system, just watch what the price is doing.
... so THAT'S where I went wrong! ... .... lol
Ghost Rider - WWTBMD?
Is not the system, is the trader! find a system that suit your personality and style of trading, understand how it works, practice a lot, stick to it the necesary time, and you can make it. No system is 100%, 90% winner, and you don't need it. If you have a 60%-40% depends on you money management to be profitable, even if you have a 40%-60% it can be profitable! The trade explorer is not a conclusive proof that the system works or not, but the trader. You can see a trade explorer that had no loss for months, then you think you found the holly grial, and you fail with the magic system, and you jump to another, and another...
I know where the market is going to move next: to the righ! XD
Quoting albchr
{quote} Exactly! ... Hi Jen, long time sweetie. Hope you're well. Most will probably laugh but, that's why I prefer "method" over "system". System implies a ridged, fixed and unwavering approach to trading. My method allows me to be flexible and adapt to changing conditions. Overall basics remain the same but the nuances change. As with everything, the devil is in the details. The market is fluid. We must be as well. Just my 2 cents.
good stuff bud...

At the end of the day developing systems/methods is a very personal thing really. The market has no concern for how any of us individually perceive it. It's going to do what it's going to do and that's that. Our perception and the tools we choose that resonate with that perception is what really counts. I think what happens is that folks who have come up with systems that work well for them are wise enough to know that what works as their "edge" in the market isn't going to work for everyone else, so, they don't worry about sharing it because sharing more often than not leads to being told that there's no way what you're doing can work over a longer term.
"Holy Grail" exists - accepting where is the first step.
Quoting VaBikePacker
{quote} good stuff bud... At the end of the day developing systems/methods is a very personal thing really. The market has no concern for how any of us individually perceive it. It's going to do what it's going to do and that's that. Our perception and the tools we choose that resonate with that perception is what really counts. I think what happens is that folks who have come up with systems that work well for them are wise enough to know that what works as their "edge" in the market isn't going to work for everyone else,...
Precisely brother. I seriously doubt I could accurately explain to someone else how I trade. I just kind of ... do.
Ghost Rider - WWTBMD?
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