8 Years Later - Still Not Winning | Page 11 | Forex Factory

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8 Years Later - Still Not Winning

  • #201
  • Dec 8, 2017 11:03am Dec 8, 2017 11:03am
I'm developing an ea and I'm in the optimization and testing phase. What should I do to not have the problem of overfitting?
Thanks
  • #202
  • Dec 8, 2017 12:13pm Dec 8, 2017 12:13pm
no computer, no cell phone, no internet for 1 year .... you will realize the difference ... good luck.
Trading in the zone
  • #203
  • Dec 8, 2017 4:20pm Dec 8, 2017 4:20pm
Quoting neesh24
what does the universe want me to know. Is it telling me keep going it will come? or is it telling me, Forex is fake. or is it telling me you won't ever get it? these questions have been going through me head for the last 8 years.
I've very sorry to say this is a quit now sign. A signal of superstitious thinking that is lethal in this kind of game.

Quitting isn't a bad option. Or I'd recommend something like Derran Brown's Trick of the Mind. Entertaining book that covers thinking traps, psychology, superstition and probability, amongst other entertaining topics.

I personally broke free of superstitious thinking and became a much more logical rational thinker by learning to play poker. Wouldn't recommend it as a means of income though.

Other people have said take a break and that sounds like very good advice.
  • #204
  • Edited 8:11pm Dec 8, 2017 4:30pm | Edited 8:11pm
Quoting HudithePfupf
Now please tell me honestly whether your endavours in retail forex trading over the last 8 years where worth the effort and the time spent.
In terms of risk-adjusted return%, this year has been my second best to date. However, to make serious money I'd need to take much bigger risks, something that I neither wish, nor need, to do. So as long as I continue to make progress in the areas of knowledge and self-improvement, and trading remains a satisfying hobby, I consider it worth the time and effort.
Quote
By the way, do you know a source of unfiltered forex broker retail account statistics data over let's say 5 years?
Sorry, I don't know.
Quote
that doesn't mean we have to be on the same page on all topics.
I merely post my opinions, right or wrong, just like everybody else.
  • #205
  • Dec 8, 2017 5:04pm Dec 8, 2017 5:04pm
Ok, so here goes, I'll tell you a tale about some heroes.

Stop messing around. Seriously. If you're posting in here then I assume you have no idea.

Take all your indicators, ichimoku clouds, multiple ema/sma cross overs/bounces, trend lines, pivots with some RSI/MACD horse bollocks etc etc etc..

Christ.

Forget all that. Fuck it right off.

Pick one - 1 - ONE pair. Study it, learn it, learn how it moves and exploit it and make profit. Forget the rest. All you need is the candlesticks/Price Action.

Do that with a naked chart ! (IE; price action - no indicators/just price action)

....

(the spoils) To the victor?

  • #206
  • Dec 8, 2017 5:05pm Dec 8, 2017 5:05pm
Quoting Wachturm
{quote} I think there is some crucial information missing buddy 8 years reading on FF or what? or trading full-time? part-time? hobby? but thanks for your honesty, most people claim to be consistent profitable here on FF... ( and then you read something like " doubled my account in a week" .. lol )
That is so true....
Art thou he that cometh, or look we for another?
  • #207
  • Dec 9, 2017 5:38am Dec 9, 2017 5:38am
Quoting hao
no computer, no cell phone, no internet for 1 year .... you will realize the difference ... good luck.
Thanks. it's not luck, it's hard work
  • #208
  • Jan 13, 2018 8:29am Jan 13, 2018 8:29am
Quoting neesh24
yea, what does the universe want me to know. Is it telling me keep going it will come? or is it telling me, Forex is fake. or is it telling me you won't ever get it? these questions have been going through me head for the last 8 years. I've had two different coaches. Felt that "it was the system" the first time. And now i'm facing that same feeling right about the same time. I don't think it is the system though. I'm missing something. Second part of this year I feel like anyone flipping a coin would have better results. So I start listening to...
Do you keep journal of your trading? Did you analyze your past trade entry and exit and try to figure out what are the mistake you are making? Do you have any plan to follow? How much greed and fear affect you? What's keep you going for the last 8 years?
  • #209
  • Jan 13, 2018 8:42am Jan 13, 2018 8:42am
Quoting Wachturm
{quote} I think there is some crucial information missing buddy 8 years reading on FF or what? or trading full-time? part-time? hobby? but thanks for your honesty, most people claim to be consistent profitable here on FF... ( and then you read something like " doubled my account in a week" .. lol )
You can double your account in a week pretty easily. Just not every week. :-D
"The fun is in the hunt. Not the kill."
  • #210
  • Jan 13, 2018 8:53am Jan 13, 2018 8:53am
Quoting enochben
{image}
I always loved that thing. Especially since it pretty much covers everything without leaving anything out. That last one is the hardest.

Many people will never start winning. They either need to find a legitimate mentor(now THAT actually requires luck ) or have enough passion and dedication to the game to seek out and discover the answers for themselves... and in the process become a real trader.
"The fun is in the hunt. Not the kill."
  • #211
  • Jan 13, 2018 12:08pm Jan 13, 2018 12:08pm
Quoting Redeflect
{quote} You can double your account in a week pretty easily. Just not every week. :-D
Yes, of course. But when you can double your account in a week pretty easily you can also lose your account in a week pretty easily. Thats gambling, not trading.
  • #212
  • Jan 13, 2018 4:29pm Jan 13, 2018 4:29pm
Quoting Wachturm
{quote} Yes, of course. But when you can double your account in a week pretty easily you can also lose your account in a week pretty easily. Thats gambling, not trading.
It depends on the edge.
"The fun is in the hunt. Not the kill."
  • #213
  • Jan 13, 2018 5:27pm Jan 13, 2018 5:27pm
neesh24, as long as you're getting better over time, keep going. Smaller losses + Fewer losses = Progress.
  • #214
  • Jan 27, 2018 6:45am Jan 27, 2018 6:45am
Quoting hao
no computer, no cell phone, no internet for 1 year .... you will realize the difference ... good luck.
Dr. Van Tharp calls this disassociation of the trade, good call. Trading takes time plus odds are against you. But if you really want it you'll get it.
  • #215
  • Jun 19, 2018 12:52pm Jun 19, 2018 12:52pm
My pattern:

small win, small win, ok win, small win
large loss
and repeat

Journal says,
not obeying risk vs reward
or even setting a stop for some trades
then falling asleep.

Ok, I'll start focusing from now on!
~Markets aren't giving any signals~
~~take small nibbles w/lousy risk vs reward.
then one small nibble turns in to a large loss.

Yes, stuff we all know.
When do I stop acting like a jackass?
  • #216
  • Jul 29, 2018 10:52am Jul 29, 2018 10:52am
If a foreign currency exchange trader thinks that complicated trading methods will be necessary to achieve success, then it is a misconception among the traders. A trader does not need to go through complicated trading strategy and charts. I don’t know how you were trying to trader, whether your trading journey was very compound to trade or not. I personally think that having simple strategy and clear ideas of goals can help a trader to win.
  • #217
  • Jul 29, 2018 11:03am Jul 29, 2018 11:03am
Quoting jeabar59
I'm developing an ea and I'm in the optimization and testing phase. What should I do to not have the problem of overfitting? Thanks
Hello, what’s the current status of you EA? I am really interested to know.
  • #218
  • Jul 29, 2018 11:54am Jul 29, 2018 11:54am
Your stops are too small, you have to create a dispersion field. A statistical dispersion field plots probability of size of future moves based on size of past moves.


Once you create the field, it gives you boundaries of moves with the predominant trend. Wait for price to get to the boundary and put a multiple of the size of the dispersion field as your stop.

If the trend is valid, price moves with the trend and away from your entry price, without stop being hit.
Price is the only indicator.
  • #219
  • Jul 29, 2018 11:58am Jul 29, 2018 11:58am
Bro let me tell you something first of all start learning dont trade on real account.

start with what is forex
what is market opening closing timings, what are currency pairs, what is correlation between pairs and which pairs
Support and Resistance
Price Action
if you just learn only Support and Resistance you can earn good money dont go for big lots just start with 0.01 even if you have 5000$ in your account just start with small and do practice and practice till you get experience......
  • #220
  • Jul 30, 2018 12:32am Jul 30, 2018 12:32am
Trade what you see, not what you think
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