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Automation: Most traders can't follow systems

  • #1
  • First Post: Edited Aug 21, 2018 1:32am Aug 19, 2018 2:38am | Edited Aug 21, 2018 1:32am
Most 99 % of traders can not follow trading systems. The solution is to make expert advisors, eas and robots to trade and manage trades. Automation is the answer to be a successful trader.There are many psychological reasons for it. They end up trading their beliefs, emotions, stress responses, testosterone, biases, automatic mind responses , loss aversion and hundreds of psychological traits of the human mind.

There are 10,000 free systems , there are free profitable systems but people talk about 99% of traders losing. So most systems are not psychologically compatible.Traders will avoid taking on system trades due to their enemy in their mind.One reason for avoiding new trades is loss aversion.There is an enemy inside every trader.

If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.

Trading is a stressful mental activity, many of you will make mistakes in real time.
https://www.youtube.com/watch?v=5nHEXraQ8hw

Why does Van Tharp sell education and not trade for a living?

Van Tharp "Most people are not successful when it comes to trading. Why?"

I can answer that question on a number of levels. At the most basic level, people must trade by processing information. Unfortunately, we're not very efficient information processors. We have a lot of biases that enter into trading decisions.

In other words " 99 % of humans will under perform or fail or lose money".

https://youtu.be/HVNGJpoSuk8


https://www.youtube.com/watch?v=6WjQqktAjgE

If traders don't understand the mind ,how it works subconsciously in trading , the traders can not have any plans for the 90% risk of under performance due to psychology.It is with the mind where traders lose in trading due to emotions ,stress , need to be right , subconscious emotional executions ,mind traps , automatic mind in trading , beliefs in trading , subconscious errors , brain command center shutdown during trading , brain freezing in trade executions ,the power the thought , negative wiring of human brain and it's performance in trading ,meditation , unreality reading of the real market conditions,cognitive biases in trading decisions , mental traps , benefits of patience and disadvantages of impatient traders , impulsive , self sabotage in trading executions , stress responses , amygdala hijackings ,personality , ego and other psyche characteristics.

Most traders have a profit gap , 95 % of traders have a profit gap.


https://www.youtube.com/watch?v=GhKJ9P3agRc


Develop your mental edge.

https://www.youtube.com/watch?v=op9D2SsIfGE

Traders mess up after losing , they lose control.No one likes losing.Traders lose discipline after mistakes, stress , emotions and losses.

https://www.youtube.com/watch?v=4PuZHZ1bdUw

https://www.youtube.com/watch?v=wkrbbkU9xds&t=621s

Most traders want their money back , after a loss .This is how traders can behave after losses.This scene is worth watching for stress, emotions and observing the human mind.All this applies to manual trading.

The trading loser wants his money back after losses, like the man wants his cigarettes.

https://www.youtube.com/watch?v=-0oG5ZhvtPI


The solution is to make expert advisors, eas and robots to trade and manage trades.I am trying to help traders with free trade manager here.trade manager robot expert advisor with source codes

https://www.forexfactory.com/showthread.php?t=804214

I have fully automated my 75 trading systems.

http://www.forexfactory.com/showthread.php?t=802780
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  • #2
  • Aug 19, 2018 2:59am Aug 19, 2018 2:59am
  • #3
  • Edited 3:50am Aug 19, 2018 3:29am | Edited 3:50am
Quoting Tobib80
I am trying to help traders with free trade manager here. Let it manage trades , a lot of psychological demons can be avoided with a trade manager EA.
Free trade manager robot expert advisor with source codes.The first thing, if traders understand the first post entirely, is to have a trade manager EA , to manage trades.There is a free one here

https://www.forexfactory.com/showthread.php?t=804214
  • #4
  • Aug 19, 2018 5:31am Aug 19, 2018 5:31am
let me tell u one thing loozers
if u are really posting without a cot then u are so old stuff man nowadays ppl grow up from the fifth year or less "victory battles etc.. are an old stuff words" ppl now will only say to u show me the money and do it fast because they will get bored fast and there's a lot to do in this fast growing world

trading was and it will be always math like any other business in the world, the only ppl think trading is not a pure math are the ones who gamble and the fools who follow anything they read on the net or see it on tv like 50% of americanjos
  • #5
  • Aug 19, 2018 5:39am Aug 19, 2018 5:39am
Quoting llxx77dd
let me tell u one thing loozers if u are really posting without a cot then u are so old stuff man nowadays ppl grow up from the fifth year or less "victory battles etc.. are an old stuff words" ppl now will only say to u show me the money and do it fast because they will get bored fast and there's a lot to do in this fast growing world trading was and it will be always math like any other business in the world, the only ppl think trading is not a pure math are the ones who gamble and the fools who follow anything they read on the...

They want to sit down in front of a computer, press a few ATM buttons , expect the daily reward and pay check. Forex now offers the ATM paycheck formula, instant gratification and forex factory is the place for it.

Welcome to forex
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  • #6
  • Aug 19, 2018 5:50am Aug 19, 2018 5:50am
Quoting loozers
{quote} They want to sit down in front of a computer, press a few ATM buttons , expect the daily reward and pay check. Forex now offers the ATM paycheck formula, instant gratification and forex factory is the place for it. Welcome to forex {image}
do you think vw team still smelting iron for days to make a car ? ofc not
they just sit down in front of a computer, press a few buttons , expect the daily reward and pay check.

nothing will come easy in this world, we know that as i told u before ppl now grow up from the fifth year
welcome to the year 2018 old man
  • #7
  • Aug 19, 2018 5:57am Aug 19, 2018 5:57am
Quoting llxx77dd
{quote} do you think vw team still smelting iron for days to make a car ? ofc not they just sit down in front of a computer, press a few buttons , expect the daily reward and pay check. nothing will come easy in this world, we know that as i told u before ppl now grow up from the fifth year welcome to the year 2018 old man

I will achieve forex trading skills by my next reincarnation. I will be reborn wired to win at forex. 80,000 year old ancestral brain will be reprogrammed in next life.

This life I can't trade, my 75 EAS do it.
  • #8
  • Aug 19, 2018 6:02am Aug 19, 2018 6:02am
Quoting loozers
{quote} I will achieve forex trading skills by my next reincarnation. I will be reborn wired to win at forex. 80,000 year old ancestral brain will be reprogrammed in next life. This life I can't trade, my 75 EAS do it.
as i told u before and u make me keep repeating my words
good for u
nothing for us

so why u are here ? is it a psychologically vacation for u ?

ok,
cheers
  • #9
  • Aug 19, 2018 6:08am Aug 19, 2018 6:08am
Quoting llxx77dd
{quote} as i told u before and u make me keep repeating my words good for u nothing for us so why u are here ? is it a psychologically vacation for u ? ok, cheers
Teh lulz on forex blind leading the blind
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  • #10
  • Aug 19, 2018 6:24am Aug 19, 2018 6:24am
Quoting loozers
{quote} Teh lulz on forex blind leading the blind {image}
money on that age of w. buffett is a curse to me warren is not rich

i heard that someone get rich at that age too by a coincidence so he build a house in the desert and another one in the cold mountains, but he stay at the desert house only at summers and go back to the mountains house at the winters when someone ask him why he do that, he said life play with me i'll play with her now

anyways
always
cheers
its life, what else we gonna do other than live it to the end
  • #11
  • Aug 19, 2018 6:29am Aug 19, 2018 6:29am
Quoting llxx77dd
{quote} anyways always cheers its life, what else we gonna do other than live it to the end
In life , it is what you do for others, is more important than what you do for yourself .So I help the blind out of the water.

What you leave behind for others is more important, to help others , this is humanity and progress.

https://www.youtube.com/watch?v=0JtHnIqAT8k
  • #12
  • Aug 19, 2018 12:06pm Aug 19, 2018 12:06pm
Quoting loozers
{quote} In life , it is what you do for others, is more important than what you do for yourself .So I help the blind out of the water. What you leave behind for others is more important, to help others , this is humanity and progress. https://www.youtube.com/watch?v=0JtHnIqAT8k
life is a battle without honor or humanity
https://youtu.be/6fQuEqwQ2I4
  • #13
  • Aug 19, 2018 12:54pm Aug 19, 2018 12:54pm
Quoting llxx77dd
{quote} life is a battle without honor or humanity https://youtu.be/6fQuEqwQ2I4

The fake gurus say , you have to learn how to lose , for 10 years. You have to pay your dues, a doctor's education is about 15 years from 10 years of age. So after 15 years ,a doctor becomes qualified to treat others, there are no short cuts in trading. You have to buy education for 15 years , lose for 15 years , then you become qualified to trade. A doctor does not get paid for 15 years, why should you?. Rules are you are not allowed to make money for 15 years, it has to go to bucket shops, you pay your dues.
  • #14
  • Edited 1:21pm Aug 19, 2018 1:10pm | Edited 1:21pm
Quoting loozers
{quote} The fake gurus say , you have to learn how to lose , for 10 years. You have to pay your dues, a doctor's education is about 15 years from 10 years of age. So after 15 years ,a doctor becomes qualified to treat others, there are no short cuts in trading. You have to buy education for 15 years , lose for 15 years , then you become qualified to trade. A doctor does not get paid for 15 years, why should you?. Rules are you are not allowed to make money for 15 years, it has to go to bucket shops, you pay your dues.
disagree 100% with your trading timeline. The technical side of trading can be learned rather quick (few months if one is dedicated). Psychology/Mindset is what separates the winners from losers. Your mind can be flipped in a moment, you just have to work on it. Just like realizing santa doesn't exist anymore, your reality was flipped in one moment. So if you keep looking for all the reasons why psychologically trading is hard and impossible, you will find it. If you look for the ways to change your mindset, you will also find it. Don't look at reasons why not. Look for reasons and ways that support that you CAN.

many people bypassed the "must do your time" simply by not accepting that to be true. they are what people call "outliers". Simply put they looked for ways that supported their vision.

by saying (and believing) you need 15 years, you just put a limit on yourself. you will not succeed.

"If you think you can do a thing or think you can't do a thing, you're right." - ford
  • #15
  • Edited 3:39pm Aug 19, 2018 3:26pm | Edited 3:39pm
Hi echo

I was just wind up previous poster.

Most traders need to start trading higher time frames H4 and gain patience , otherwise they will mess up psychologically.Patience is the most important skills, before entry, during entry and after entry.

Traders become impatient when trade goes against their entry by a few pips, when they do not have a trade & when they have a bad month, they become impatient .

https://www.youtube.com/watch?v=rF-fj5AO678

https://www.youtube.com/watch?v=KD9yYXYs5qs&t=12s

https://www.youtube.com/watch?v=T8xD_hRiDyg

https://www.youtube.com/watch?v=GFOjUvdXKBQ
  • #16
  • Aug 19, 2018 4:56pm Aug 19, 2018 4:56pm
Hey Loozers, I agree with patience, but I think there is an even deeper level. Confidence in yourself and the system. The reason people can't hold trades or go a few pips negative is because they don't believe in themselves and/or their system. All systems have loosing trades, so if your system wins 60% of the time, you make money in the long run (with decent R:R). But also you know that 4/10 trades will be losers, therefore you could be "excited" about your loss since statistically you have less losses to go. This requires an open mind to accept, and a mind shift to implement. Also you could endure 40 losses before 60 wins (theoretically) so your risk/capital management has to be on point.
The key is to execute EXACTLY per trading system/plan, because by doing so will get you that winning %. As soon as you deviate from the system/plan most likely you are decreasing the winning %. Plus you cannot explain later why you did what because it was emotions.
Your job as a trader is to execute once criteria for the trade is present, and thats it. No attachment (win or loss).
If you execute consistently and you are not winning (after 50-100 trades). You can simply modify the system and keep executing.
Over time system needs to be somewhat dynamic, since markets evolve.(not every week,month) but thats simple to modify since you have history of all trades based on your system.
Thats my system anyway
  • #17
  • Aug 19, 2018 5:09pm Aug 19, 2018 5:09pm
Quoting loozers
{quote} The fake gurus say , you have to learn how to lose , for 10 years. You have to pay your dues, a doctor's education is about 15 years from 10 years of age. So after 15 years ,a doctor becomes qualified to treat others, there are no short cuts in trading. You have to buy education for 15 years , lose for 15 years , then you become qualified to trade. A doctor does not get paid for 15 years, why should you?. Rules are you are not allowed to make money for 15 years, it has to go to bucket shops, you pay your dues.
i heard that the guy from Catch Me If You Can becomes a pilot in 2 weeks !!

smart ppl learn just what they need and gonna use in 2 minutes or 2 months... the not smart enough ppl having fun for 15 years while they just have their memory disk full of names and basics
  • #18
  • Aug 19, 2018 5:33pm Aug 19, 2018 5:33pm
Quoting llxx77dd
{quote} i heard that the guy from Catch Me If You Can becomes a pilot in 2 weeks !! smart ppl learn just what they need and gonna use in 2 minutes or 2 months... the not smart enough ppl having fun for 15 years while they just have their memory disk full of names and basics

Most of the people who go into trading could be retarded, so they need to practice for 15 years, then after 15 years they realize they can't- so they teach others like Warren buffet and George Soros "how to trade"

If they accepted the truth about currency trading , from a real currency trader, they would be making money from trading not operating sites of the blind leading the blind. They thought they were smart , these idiots set up sites , hoping some sucker would come on their forum and post 75 profitable robots.

https://www.youtube.com/watch?v=En2jEzO-WCc
  • #19
  • Aug 20, 2018 1:54am Aug 20, 2018 1:54am
Automation will help ..................mind does the revenge trading , they are subconscious reactive patterns.

https://www.youtube.com/watch?v=H0l_raBy9D0

https://www.youtube.com/watch?v=OYHGT66DtvM

https://www.youtube.com/watch?v=hqQvbkPnAYo
  • #20
  • Aug 20, 2018 3:39am Aug 20, 2018 3:39am
https://player.vimeo.com/video/215235309?portrait=0%22


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