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Attachments: A Loser System Wanted
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A Loser System Wanted

  • Post #1
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  • First Post: Edited Oct 30, 2006 10:00am Oct 29, 2006 9:37pm | Edited Oct 30, 2006 10:00am
I 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,
Al
Don't we all want to turn a losing into a winner just by doing the opposite

Well, I have done that and I have been making money without a losing month in a year. Except for the huge loss september when I let an EA trade for me.
My mistake was easy to fix after reviewing my own trades. Just let the losing trades run for 2 weeks and add more lots while it goes agains me.
Risk over 50% of the account and cross your fingers...

Happy trading
contrarian. i had this idea friday. did this bug bite you then as well? ideas are not our own it seems but a collective stimulus of sorts.
  • Post #4
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  • Edited 9:57pm Oct 29, 2006 9:56pm | Edited 9:57pm
You would think that doing this type of thing was a no brainer, but I have tried, and it's not the wild success you think it's going to be. Just because a signal is wrong 90% of the time, does not mean reversing it is going to make it right 90% of the time, as this is all tied up with trade managment. For a losing system, any old MA system should do.
The breaking of a wave cannot explain the whole sea.
I have a 100% losing strategy if you want and it is very simple.

Just open and close trades untill your account has been drained by the spread....
If you can crack this nuts, you will become richer than you've ever imagened.
doesn't work for most systems because stops get hit even on (what would otherwise be) winning trades. So you still have the stop problem if you do opposite trades.
If you want a sure loser check out this astrology thread posted of late. If you want a sure winner, don't listen to the guy I know you got this idea from.

I will not post his name because I'm close to getting banned anyway...
"The time to act is when others show signs of tire." --W.D. Gann
It's easy to dismiss his idea but why don't we give it a little more thought?

If a system gives wrong signals more than 90% of the time where

SL = TP + spread

Hmm wait...does it have to be

SL = TP + 2 x spread

to make it reversible for this purpose?

If the spread is 4 pips and you want the TP to be 30, then SL has to be 38.
So that means if your system is wrong 90% of the time with TP at 30 and SL at 38 for example, you would have a system that gives you the right signals 90% of the time when you reverse your entries.

I guess that is what I missed when I thought about the same thing before.
My guess is that it will not be easy to program a system that is wrong more than 90% of the time with fixed TP/SL but it may be interesting to explore a little more to see if something comes up.
Hey, try it out, I don't dismiss anything. I just know that I have dismissed that dude's advice because it was bad. He's not in the business of making money on forex, he's in the business of making money off people trying to make money at forex. BTW, I have a secret service that will tell you how to be a millionaire! Think about that statement long and hard...
"The time to act is when others show signs of tire." --W.D. Gann
Hey, is your username Spartan because of MSU?
"The time to act is when others show signs of tire." --W.D. Gann
Quoting aparsai
I 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,
Al
I'd rather have a tighter system myself.

But if you really want to lose something, lose the extra "o" in looser.

Just funnin' a little with you Al, 'cause I like you.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Heh
Quoting aparsai
I 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,
Al
Al,

For kicks I played around with this concept already on an EA. It was no easier to get it to become profitable over a long term than writing one to become profitable using a "winning" system. Profitable trading is not only a concept of entry points, but exit points also. If all we had to do to make money is do the opposite of what we think, then everybody would do it and the whole concept becomes not a "losing" system but a "winnning" system thereby negating the idea anyway.

Only when we sit down to understand the basic laws of trading using supply/demand issues along with willingness to pay prices at certain levels, do we get a concept of possible direction. The only catch is, that these levels are constantly changing. We must be willing to adapt (and sometimes quickly) to the new market psyschology. Master this and you master your trades!

Good luck!

GirlFlyer
About three years ago I had that system:
I moved to a new Forex broker, and there was ADX I was not familiar to, so somehow I misinterpreted it, and did everything just opposite; I was making money like crazy, sometimes, just for the sake of the joke, and it still worked; finally I decided to know more about such an miraculous index. I read description, and realized my mistake, so after adjusting it to "proper" settings of 14 and paying attention to crosses, I started to trade "the right way" in two months there was almost nothing left in my account. After that I will never ever touch the ADX again (unless the "wrong way" if I'd remember the settings I used then). It was just ADX signal that I was paying attention to: everytime it turned up, and depending on the color that was on the top, I would do just opposite. In other words, I was selling tops and buying bottoms just like that! Maybe you should look into it.
Quoting lietuve
About three years ago I had that system:
I moved to a new Forex broker, and there was ADX I was not familiar to, so somehow I misinterpreted it, and did everything just opposite; I was making money like crazy, sometimes, just for the sake of the joke, and it still worked; finally I decided to know more about such an miraculous index. I read description, and realized my mistake, so after adjusting it to "proper" settings of 14 and paying attention to crosses, I started to trade "the right way" in two months there was almost nothing left in my account. After that I will never ever touch the ADX again (unless the "wrong way" if I'd remember the settings I used then). It was just ADX signal that I was paying attention to: everytime it turned up, and depending on the color that was on the top, I would do just opposite. In other words, I was selling tops and buying bottoms just like that! Maybe you should look into it.
Here's a tip that goes for everything in your life lietuve:
If something works fine, don't try to fix it!

Just my 2 pips.
2 beginners trading at the same moment, same pair, one long and one short, will both end up loosing the trade.
Try hard, think fast, die young
Quoting aparsai
I 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,
Al
Hi aparsai,

I think you are not considering one factor : very often is not the system the looser, but our head.

I think you can reverse but you will be still losing with the same system reversed.

When we loose, we panic and close the trade in loss, or worst, we dont want to loose and keep it loosing

When we win , we panic again and close the trade too soon

This is the real problem I guess, if you think that reversing a loosing system will become a winner one
Quoting diallist
I'd rather have a tighter system myself.

But if you really want to lose something, lose the extra "o" in looser.

Just funnin' a little with you Al, 'cause I like you.

Dial
Sorry Dial,

English is my second language, you know.
Quoting aparsai
Sorry Dial,

English is my second language, you know.
Yes, I know, and that's part of the reason why I was picking on you in fun. I only have English and to me it is magic that anyone can have more than one language! So, I'm envious of smart people like you who have another language! I've tried learning Spanish and Mandarin, and the only thing I accomplished was giving native speakers a good laugh at my feeble attempts. :

Take care Al. You're all right in my book!

Dial

EDIT: Corrected spelling of "alright" to "all right"
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
Quoting diallist
Yes, I know, and that's part of the reason why I was picking on you in fun. I only have English and to me it is magic that anyone can have more than one language! So, I'm envious of smart people like you who have another language! I've tried learning Spanish and Mandarin, and the only thing I accomplished was giving native speakers a good laugh at my feeble attempts. :

Take care Al. You're all right in my book!

Dial

EDIT: Corrected spelling of "alright" to "all right"
Hi Dial, I don't think he can change the title. to reflect the correct spelling.

To all a note: My wife up until last year was an English teacher and I habitually misspelled loser. So I definitely heard about it. With Dial and my wife and a small freeware program called tiny spell (google it) I am now proud to admit I am a recovering poor speller...

My t20 cents, Scott
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