Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

100$ -->100,000$ (period: 12 months) 207 replies

Ranges for today, yesterday, 10 days, 20 days etc 1 reply

Turn $100 into $10k in 100 trading days = high stress high RR 121 replies

Some Days are Diamonds and some days are Stones! 4 replies

100 pip STOP for a 100 pip Target 7 replies

100% In 3 days.

  • Post #1
  • Quote
  • First Post: Jun 16, 2006 11:16am Jun 16, 2006 11:16am
100% In 3 Days.
Sorry for the misleading title guys, but I wanted to know your opinion about this:

Assuming one of us Creates a super smart Forex system that makes 100% in 3
days. And assume that this system is posted here and now.

I have worked on the forex for over 3 years to perfect my systems( I am nowhere near 100% in 3 days) - now - assume that some new guy who just Googled something got to this forum and without any effort at all he downloaded a magical ea and made a 10000000$...

Is this fair? I think not !!!
Would we all benefit from getting the amazing system = no - because - if everyone had it - The forex would crumble , and everyone would lose money.

My plea is mainly to the forex forum administrators :

1) I think that if you get such a system - you should remove it immediately from the forum for the beneft of us all.
2) All the Americans here would talk about freedom of expression etc.....but just note that if such a system would be created and everyone will have it AMERICA would CRUMBLE into a hugh defecit and a world war could start (history teaches us that).

I think that the forum is great, but here and especially here , all those of us who invested a hugh amount of time and effort should not be punished by spreading amazing systems, which would only be counterproductive as illustrated above.

What do you think ?
I don't believe that there would be an EA capable of producing 33% profit daily CONSISTENTLY.
  • Post #3
  • Quote
  • Edited 11:45am Jun 16, 2006 11:34am | Edited 11:45am
Your point is interesting, but I think there might be a flaw in the logic. You are assuming that after such a system were widely known that the market would still respond the same way... Study after study of dynamic systems has shown this is not the case. As More and more people make trades at the same place and time the ratio of buyers to sellers changes and the market it self changes . The system no longer is effective. Several systems have come and gone to this fate...

Markets are not static they are highly dynamic and adaptive...

Scott

Ps, It really makes no difference if the system is disseminated to the public, in regards to economies, because, if it were widely known it would stop working long before effecting any economy. The only way it could work over time is by not disseminating it... And those would never be here in the first place. If they did make it here they are doomed to failure if they become popular with the masses.

The other problem with your statement is that trading is not the only function of the currencies. It is used by companys as a hedge for products and by governments as a method of regulating imports and exports . These organizations have no concern for the individual trade...



Quoting Pip-Gandalf
100% In 3 Days.
Sorry for the misleading title guys, but I wanted to know your opinion about this:

Assuming one of us Creates a super smart Forex system that makes 100% in 3
days. And assume that this system is posted here and now.

I have worked on the forex for over 3 years to perfect my systems( I am nowhere near 100% in 3 days) - now - assume that some new guy who just Googled something got to this forum and without any effort at all he downloaded a magical ea and made a 10000000$...

Is this fair? I think not !!!
Would we all benefit from getting the amazing system = no - because - if everyone had it - The forex would crumble , and everyone would lose money.

My plea is mainly to the forex forum administrators :

1) I think that if you get such a system - you should remove it immediately from the forum for the beneft of us all.
2) All the Americans here would talk about freedom of expression etc.....but just note that if such a system would be created and everyone will have it AMERICA would CRUMBLE into a hugh defecit and a world war could start (history teaches us that).

I think that the forum is great, but here and especially here , all those of us who invested a hugh amount of time and effort should not be punished by spreading amazing systems, which would only be counterproductive as illustrated above.

What do you think ?
Quoting smjones
Markets are not static they are highly dynamic and adaptive...
Scott
very true.....
CRAIGSLIST BARTERING CHAMPION
  • Post #5
  • Quote
  • Edited 11:52am Jun 16, 2006 11:41am | Edited 11:52am
Excuse me Gandalf, but is this a joke? Are you serious?
You just killed the whole concept of evolution of the human race and proposed an oligarchy of underdeveloped beings. I think that the only way that we can evolve (and by the way, that is the only reason why we are alive in this plane) is by sharing what we know works for better with our kids, with our friends with our world.
An advice: If you want to live shorter keep all your knowledge for yourself...and I swear that you will die of anger when you find that someone else that has your same knwoledge is giving away "your philosophycal stone" to the world and lives in glory while you die in misery.
From my own experience I can assure you that the more you give the more you will receive. The world is not going to end because some guy has "the ultimate strategy"...we are not that important...sorry, and thinking otherwise seems to me to be the summum of human arrogance.
Besides that It is impossible that a system works to make a profit of 100% in three days consistently for everybody. It's against the natural laws of any relation, included the relation of buyer and seller.
Quoting Pip-Gandalf
100% In 3 Days.
Sorry for the misleading title guys, but I wanted to know your opinion about this:

Assuming one of us Creates a super smart Forex system that makes 100% in 3
days. And assume that this system is posted here and now.

I have worked on the forex for over 3 years to perfect my systems( I am nowhere near 100% in 3 days) - now - assume that some new guy who just Googled something got to this forum and without any effort at all he downloaded a magical ea and made a 10000000$...

Is this fair? I think not !!!
Would we all benefit from getting the amazing system = no - because - if everyone had it - The forex would crumble , and everyone would lose money.

My plea is mainly to the forex forum administrators :

1) I think that if you get such a system - you should remove it immediately from the forum for the beneft of us all.
2) All the Americans here would talk about freedom of expression etc.....but just note that if such a system would be created and everyone will have it AMERICA would CRUMBLE into a hugh defecit and a world war could start (history teaches us that).

I think that the forum is great, but here and especially here , all those of us who invested a hugh amount of time and effort should not be punished by spreading amazing systems, which would only be counterproductive as illustrated above.

What do you think ?
Pip-Gandalf
Relax. After all these years nobody ever got even close to develope such a system. It will never happen... These markets simply doesn't allow it to happen. New indicators: YES ! 100% systems in 3 days: NEVER !
Never Ever Give Up!
http://www.forexfactory.com/forexfor...49&postcount=1
Quote
I don't know about all of you - but I am a programmer - and a begginer at the forex market .

http://www.forexfactory.com/forexfor...65&postcount=1
Quote
I have worked on the forex for over 3 years to perfect my systems

What is with these two statements from you?

I would sure like to take you seriously, but this makes it pretty hard to do...

Please explain...

Thanks scott
^^^^^^^

Pip-Gandalf please dont lie to us, please be honest on internet atleast; knowone knows who you are..
Plea to the Mods - If someone uploads the magical holy grail end all EA, please leave it up long enough for me to download it --- LOL
In trading, there is no bullshit. You either make money or you don't.
Sorry, I've only got ordinary Grails. Damn things don't work at all...

Scott


Quoting mrgreen
Plea to the Mods - If someone uploads the magical holy grail end all EA, please leave it up long enough for me to download it --- LOL
  • Post #11
  • Quote
  • Edited 12:28pm Jun 16, 2006 12:23pm | Edited 12:28pm
Quoting Pip-Gandalf
100% In 3 Days.
Sorry for the misleading title guys, but I wanted to know your opinion about this:

Assuming one of us Creates a super smart Forex system that makes 100% in 3
days. And assume that this system is posted here and now.

I have worked on the forex for over 3 years to perfect my systems( I am nowhere near 100% in 3 days) - now - assume that some new guy who just Googled something got to this forum and without any effort at all he downloaded a magical ea and made a 10000000$...

Is this fair? I think not !!!
Would we all benefit from getting the amazing system = no - because - if everyone had it - The forex would crumble , and everyone would lose money.

My plea is mainly to the forex forum administrators :

1) I think that if you get such a system - you should remove it immediately from the forum for the beneft of us all.
2) All the Americans here would talk about freedom of expression etc.....but just note that if such a system would be created and everyone will have it AMERICA would CRUMBLE into a hugh defecit and a world war could start (history teaches us that).

I think that the forum is great, but here and especially here , all those of us who invested a hugh amount of time and effort should not be punished by spreading amazing systems, which would only be counterproductive as illustrated above.

What do you think ?
Dude, first of all, no american would ever write this. For a second here, it sounded like Jihadist rhetoric ("america would crumble"...yeah, from a single forex system...who knew?) and Incidentally, I did a google, and the 2 world wars were not started because of a decline in the currency exchange rate. One of them was started with an assassination, and the other...well...in a word...Hitler.

Scott pinned this one down...no single system works 100% of the time, all the time. At some point, there will be an inevitable decline in profits. Furthermore, as a system were disseminated in a wide-spread manner, there would be the success would create contrarian methodologies that would exploit the weakness of the system and the system would then become weak.

I think you're a tad bit worried that someone would actually solve a problem that you could not, and by proxy, you'd be worried that all of your hard work would have been for nought. OR worse yet, you're working on your own, semi-profitable system that you're itching to market here, and the creation of a system that would dwarf your profits would render your work useless...

Why in the good capitalist world, would you NOT want to get free advice that could net you outrageous profits in such a short period of time?
Quoting mrmikal
...no single system works 100% of the time,
Yeah there is... its Luck!!!

...runs and hides.
I consistently make 100% ROC in "2" days. But I also pay for that with 25-50% drawdowns. Be careful how you define impossible...
  • Post #14
  • Quote
  • Edited 10:26pm Jun 16, 2006 10:15pm | Edited 10:26pm
Quoting Darkstar
I consistently make 100% ROC in "2" days. But I also pay for that with 25-50% drawdowns. Be careful how you define impossible...
Hmmm.. Around 1:2 to 1:4 Risk-to-Reward.. nice..
Or is it 1:1 to 1:3? Back to the drawing boards for me..
Quoting smjones
Sorry, I've only got ordinary Grails. Damn things don't work at all...

Scott
LOL.
And after seing the DaVinci Code movie and Hollywood's artistic license thrown in on what the "Grail" was/is, i guess i'd have to say that my "Grail" is my wonderful wife of 23 years (any that haven't seen the movie will not get that at all!). ; - )

Back to the thread. I can't imagine a system that could allow 100% in 3 days without risking significant drawdowns as Dark mentioned...and one must have, IMHO, have began with such a system with a modest account and work their way up to big bucks as you would have to get used to loosing the $1000 trades and work your way up to stomaching the $10,000 losses or the larger ones!

Thom
Quoting accrete
LOL.
And after seing the DaVinci Code movie and Hollywood's artistic license thrown in on what the "Grail" was/is, i guess i'd have to say that my "Grail" is my wonderful wife of 23 years (any that haven't seen the movie will not get that at all!). ; - )
LOL... Watched it too... Nice movie. And I've got my "Grail" too..
Well i haven't seen the movie, and I can't think of some witty statement to add to all that has been said.

All I can say is, if i can find a strategy that can yield consistent profits no matter what % then my search will be over. Consistency and discipline is the name of the game for me. i am working with that in mind.

100% in 3 days hey? And what about losses after that? That sort of stuff is what sells systems, and prays upon those who want to have it easy. Why don't we ever hear when people have losses. Anyone can make a profit with a bit of effort, sometimes with no effort at all, but how many people keep those profits.

i aint no American, and i aint a jihadist. I aint no advanced monkey either - even though I act like it sometimes. There aint no holy grail - what good would that cup do us anyway? Now the guy who held it is another story.

Come back down to earth and face reality.

At least these threads make things more interesting that watching candles form.

Sorry for the ramble.

Wiz.
Quoting accrete
LOL.
And after seing the DaVinci Code movie and Hollywood's artistic license thrown in on what the "Grail" was/is, i guess i'd have to say that my "Grail" is my wonderful wife of 23 years (any that haven't seen the movie will not get that at all!). ; - )

Back to the thread. I can't imagine a system that could allow 100% in 3 days without risking significant drawdowns as Dark mentioned...and one must have, IMHO, have began with such a system with a modest account and work their way up to big bucks as you would have to get used to loosing the $1000 trades and work your way up to stomaching the $10,000 losses or the larger ones!

Thom
Thom,

If you liked the movie you must read the book. It's like the movie, but more and better, I just couldn't put it away...

Back to the thread - if somebody can do 100% in a few days and they are not a multimillionaire yet, then something is wrong. Either you have been trading like this only for a few weeks - in which case you didn't really test the system yet, or for some reason you make much less money than you claim.

Just by the power of compounding, 100% return within 3 days would give you all the money this World has to offer within a few months.

All this said, if you ever come across a system like this, please let me know

Dane
"Hang on Sweetie." he called to his Grail.

"The Plane wont leave without us. I bought the da/\/\n thing.
I just need to let the guys at FF know how to do this before we go."

Yeah right. Maybe after a couple of trips around the world.
Not to say that I would forget all about you guys, but c'mon, let's be serious.

When I finally do get a round tuit, I will probably deliver your personal version by hand.

Quoting Bemac
"The Plane wont leave without us. I bought the da/\/\n thing.
I just need to let the guys at FF know how to do this before we go."
I like this Bemac.. Sorry if I just butt in and have nothing to say..
0 traders viewing now