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5 years and still no strategy

  • #2,461
  • Jul 24, 2017 10:33pm Jul 24, 2017 10:33pm
Oh alright make me look like the bad guy. "I am not here to debate. " are those two cents from tour trading account. I'm joking really. Im not looking for a debate either But a debate is harmless and even civilized people debate. Not argue.
  • #2,462
  • Jul 24, 2017 10:36pm Jul 24, 2017 10:36pm
Quoting VEEFX
{quote} "I welcome new ideas to make the method better." ... translation >> you don't have a profitable strategy or you lack the confidence that it will survive for 3+ yrs but as I said, I will read and participate if you prove your weight in bronze :-)
Umm veefx I'm not the one whose desperate though.
Just looking
  • #2,463
  • Jul 24, 2017 10:37pm Jul 24, 2017 10:37pm
Quoting VEEFX
Challenge1 Challenge2 Challenge3 I am desperate to find someone who can prove me wrong! Anyone who advocates "stick with one strategy" or "master just one pair" is a FOOL who does not understand how the Spot FX retail trading industry works ! THERE IS NO STRATEGY OF FIXED SET OF RULES AND CONSTANTS THAT CAN WORK CONSISTENTLY FOR MORE THAN THREE YEARS IN A 100% VARIABLE MARKET OF PRICE OVER TIME ! Why...
I am desperate to find someone who can prove me wrong! ,
  • #2,464
  • Jul 24, 2017 10:38pm Jul 24, 2017 10:38pm
Just joking dude
  • #2,465
  • Jul 24, 2017 11:27pm Jul 24, 2017 11:27pm
Quoting VEEFX
THERE IS NO STRATEGY OF FIXED SET OF RULES AND CONSTANTS THAT CAN WORK CONSISTENTLY FOR MORE THAN THREE YEARS IN A 100% VARIABLE MARKET OF PRICE OVER TIME !
Just an example:

https://www.andre-stagge.de/eurusd-steuerstichtag/

From a german fond manager (You need to translate in browser), works on EU since 1999, extremely simple ...You don't even need a chart, it's not based on technicals though, maybe I understood your challenge wrong but it fulfills all your criteria.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #2,466
  • Edited 12:39pm Jul 25, 2017 1:19am | Edited 12:39pm
Quoting VEEFX
It does not. I am sure there are FX fund managers who are successful. Who am I to judge them? I am looking for retail traders trading Spot FX in a decentralized market undercapitalized using more than 10:1 leverage with a dream to make millions from trading FX via a bucket shop or so called "True ECN - Institutional feed" brokerage houses. IT IS NOT POSSIBLE. I am not saying it is IMPOSSIBLE as I am sure there are one or two lone wolf out there supposedly raking millions. The rest of us are just Fools dreaming and wasting our valuable lives starring...
I trade his strategies also in my private accounts over a normal "retail broker" and they are also working there But no I didn't make millions, 50-100% a year are personally more than enough for me. If you're broker isn't a bucket shop, where's the problem? The strategy was just an example, because you wrote:

"THERE IS NO STRATEGY OF FIXED SET OF RULES AND CONSTANTS THAT CAN WORK CONSISTENTLY FOR MORE THAN THREE YEARS IN A 100% VARIABLE MARKET OF PRICE OVER TIME "

So I just thought I share it...I didn't want to show that retail traders can make millions out of a 500$ account or anything.

And to me this is more swing trading, he shorts EU in December and buys EU in January...I wouldn't call this investing...

Actually his hole ATM model is very interesting and helped me tremendously (Analyst, Trader, Manager = You need to have all 3 components to be succesfull in financial markets) so his trader at the desk would be looking for shorts only on EU in december and for longs only in january (based on this analysis) and through the timing of the trader, the performance of his strategies can be increased.

And yeah I of course agree overall with you, 99% on these forums is pure bullshit, don't get me wrong...It's better to look and learn what professionals do instead of wasting too much time here (I still like this place, but for education it's of course not enough).
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #2,467
  • Jul 25, 2017 1:37am Jul 25, 2017 1:37am
Quoting michisuperfr
{quote} I trade his strategies also in my private accounts over a normal "retail broker" and there are also working there But no I didn't made millions, 50-100% a year are personally enough for me. If you're broker isn't a bucket shop, where's the problem? The strategy was just an example, because you wrote: "THERE IS NO STRATEGY OF FIXED SET OF RULES AND CONSTANTS THAT CAN WORK CONSISTENTLY FOR MORE THAN THREE YEARS IN A 100% VARIABLE MARKET OF PRICE OVER TIME " So I just thought I share it...I didn't want to show that retail traders can...
these forums are insulting... just a place to bash people (hopefully to wake them up) after a couple beers

plz ignore everyone
  • #2,468
  • Jul 25, 2017 4:08am Jul 25, 2017 4:08am
Quoting willfant
Just focus in one strategy and one pair. It's better unless you are a pro and trade for years. I'm testing a strategy using only price action on USD/JPY and I have good results.
Try not to open ALL IN positions - maybe after that you will get better results, not lost all money. Good luck!
  • #2,469
  • Jul 26, 2017 5:59am Jul 26, 2017 5:59am
Quoting Dream_trader
{quote} Try not to open ALL IN positions - maybe after that you will get better results, not lost all money. Good luck!
agree with you
  • #2,470
  • Jul 26, 2017 7:51am Jul 26, 2017 7:51am
'3-5 trades per day during EU session' '50% accuracy at 1:2 ratio.'

3-5 trades are quite a lot of trades for a session. It feels like a hybrid of scalping and intraday trading, range bound strategy on lower time frame (1 min to 30 min charts as main time frame(s)). And you are aiming for 1:2. I must say it will be quite tough. The market condition tends to change at any time without warning.



'H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success...'

But then you are using 1H-4H charts. If you can get 3-5 trades per session out of 1H-4H charts, it implies your positions are probably fairly aggressive, and often likely to get into situations where the market goes many pips against your positions. (This statement is a guess.)
'For the market to work, it needs people who think that they can beat it.'
  • #2,471
  • Jul 26, 2017 3:51pm Jul 26, 2017 3:51pm
I agree with AlastorFate.
Normally I making a 1-3 transaction peer session....even I use a M15,M5.
https://www.myfxbook.com/members/rewers/fxkaleidoscope-22/9792952
FxKaleidoscope2022 All Time Return: 353.5%
  • #2,472
  • Jul 27, 2017 1:41pm Jul 27, 2017 1:41pm
What profit percentage would be acceptable for you? I've seen many people who make up to 30% a month, but still trade small sums because they're afraid of risking.
  • #2,473
  • Jul 28, 2017 7:38pm Jul 28, 2017 7:38pm
hi
i was hesitating to write here, as i am still learning and in a way i have built good exp. in forex trading and coding by self learning in the hard way.

though my career in trading is joyful and at the same time is painful, yes till date i could not find a real system for consisteant trading.

well...

to make story short.....

i have found that trading forex is joyful, painful and hard even if you are real expert in this field.

nice to mention the support of many ff freinds here and "enemies" but all in all will enrich our exp. as traders.

i have developed my trading strategy from no stop loss to stop using indicators ..... to mechanical trading ( i build my own codes ) then to have 2 real accounts, one i lose in it each time i make a trade while the other one is having the opposite trade with larger volume... it is good but still no real system to trade with it.

at last i found the tma.. many threads are here in the ff describing the tma since 2007 by many great traders and many others developed this tma.. here in ff. but mainly malden hard work is honored by his revised tma indicator at which i respect his support to the traders.

however, this tma is stil repainting but there is away to minimize this pain, just increase the std dev. altr to 3 . then enjoy the results. om only m1 time frame.

i found this song by shakiera " TRY EVERY THING" , it is describing the forex traders.... trying , falling, standing up and then begin trying again, then falling... and so on....

i will not give up.

i will try many things till i reach my goals....

enjoy the song.

Inserted Video
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #2,474
  • Jul 30, 2017 10:50am Jul 30, 2017 10:50am
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?

I will give you tip .. the holy grail is not in trading strategy, the holy grail of fx trading is money management. I mean how much money you will make in good trading series (for example half year, not day, not trade), once you are right and how much you will loose, once you are not right. Use basic math of exponencial and excel.

https://en.wikipedia.org/wiki/Exponential_growth
My blog: forex-scalping.com | Exponencial money management is the key!
  • #2,475
  • Jul 30, 2017 2:58pm Jul 30, 2017 2:58pm
Quoting michisuperfr
{quote} I trade his strategies also in my private accounts over a normal "retail broker" and they are also working there But no I didn't make millions, 50-100% a year are personally more than enough for me. If you're broker isn't a bucket shop, where's the problem? The strategy was just an example, because you wrote: "THERE IS NO STRATEGY OF FIXED SET OF RULES AND CONSTANTS THAT CAN WORK CONSISTENTLY FOR MORE THAN THREE YEARS IN A 100% VARIABLE MARKET OF PRICE OVER TIME " So I just thought I share it...I didn't want to show that retail traders...
You can find most of A here; if you know what to look for.

You can find most of T in the market; if you watch it closely enough.

You can find all of M in time; if you keep trying long enough to realize what you've been doing wrong.

A is useful for understanding T and T provides the value of M but M is vulnerable to A. So: Figure out A, use T to work within it, and keep M safe as much as possible.

Becoming rich is not difficult. You just have to avoid being poor for long enough.
"The fun is in the hunt. Not the kill."
  • #2,476
  • Jul 31, 2017 9:50am Jul 31, 2017 9:50am
Strategy doesn’t mean only indicator based trading system; it can be your trading plan! Actually, discipline is very important in Forex! So many traders are doing their trading with technical and fundamental knowledge and experience without having any specific rule of trading.
  • #2,477
  • Aug 4, 2017 11:25am Aug 4, 2017 11:25am
Quoting Dream_trader
{quote} Try not to open ALL IN positions - maybe after that you will get better results, not lost all money. Good luck!
I agree
  • #2,478
  • Aug 4, 2017 12:41pm Aug 4, 2017 12:41pm
Any one can able to find what is the logic on this EA. This is martingale but lot is getting lower when it move averaging
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 176 KB
  • #2,479
  • Aug 28, 2017 7:19am Aug 28, 2017 7:19am
Quoting leppozdrav
UFO... https://www.forexfactory.com/attachm...3&d=1493749850 {image}
This is quite interesting ... Does it actually depict market momentum though ?
  • #2,480
  • Edited 9:31am Aug 28, 2017 9:17am | Edited 9:31am
Quoting leppozdrav
UFO...
I hope you guys know the difference between "Reverse-Engineered" versus a "Replica".

You see... you saw my UFO and you guys replicated it... Great job
If you guys think you have "Reverse-engineered" it... well you guys are clearly mistaken.

Not unless you guys have the record of all my trades and match it up with your replica, well its pretty much useless.
I'll even go better than that and save you guys time and energy>>> Forget running an AI on it because it will still be futile.

Why? >>> because, that there, what you guys are looking at, is an indicator >>>> It is NOT a full trading system

(I'm not associated with any broker. I do not promote any broker or platform I use.)
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