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Automation: Most traders can't follow systems

  • #21
  • Aug 20, 2018 3:55am Aug 20, 2018 3:55am
Quoting loozers
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
Hi where could I get the EA - 11_TMGR_80EA
  • #22
  • Aug 20, 2018 4:00am Aug 20, 2018 4:00am
Quoting Mj147
{quote} Hi where could I get the EA - 11_TMGR_80EA

That is my own personal EA , I had it coded on mql5 freelance section , by a coder. You can take the free version on this site and have it upgraded with many more functions.Always have source codes .

https://www.forexfactory.com/showthread.php?t=804214
  • #23
  • Aug 20, 2018 4:45am Aug 20, 2018 4:45am
Quoting loozers
{quote} That is my own personal EA , I had it coded on mql5 freelance section , by a coder. You can take the free version on this site and have it upgraded with many more functions.Always have source codes . https://www.forexfactory.com/showthread.php?t=804214
Thank yo,u thus as I`m following the immense work, then I should have it already!:=)))
  • #24
  • Aug 20, 2018 4:56am Aug 20, 2018 4:56am
Quoting Mj147
{quote} Thank yo,u thus as I`m following the immense work, then I should have it already!:=)))
https://www.forexfactory.com/showthread.php?p=11385333#post11385333

You can practice on demo , the system I gave and you can post in this journal here.

https://www.forexfactory.com/showthread.php?p=11385405#post11385405
  • #25
  • Aug 20, 2018 5:06am Aug 20, 2018 5:06am
most traders have an enemy within, it behaves like this in trading

https://www.youtube.com/watch?v=OV8OZgN8nVg
  • #26
  • Aug 25, 2018 12:42am Aug 25, 2018 12:42am
Most trading is done by subconscious automatic mind, this is why most traders fail to follow profitable systems.

https://www.youtube.com/watch?v=tw_hdBvRRd8

https://www.youtube.com/watch?v=dDyFoAEYTmk
  • #27
  • Aug 25, 2018 7:08am Aug 25, 2018 7:08am
I guess you could train a monkey to trade forex in a few months if you had a magic monkey wand.

To really learn the value of a gained pip cannot be taught. It must be burned in with molten gold.

The sheer perseverance of a winning trader, the power of mind over matter that needs to be attained.

you just dont understand what you're talking about loozer.
  • #28
  • Aug 25, 2018 7:19am Aug 25, 2018 7:19am
Quoting richyRich27
I guess you could train a monkey to trade forex in a few months if you had a magic monkey wand.

https://www.youtube.com/watch?v=XJHK4qKCB3c
  • #29
  • Aug 25, 2018 7:20am Aug 25, 2018 7:20am
i will follow jesus
  • #30
  • Edited 9:14am Aug 28, 2018 8:56am | Edited 9:14am
We still have primitive impulsive brain driven by greed and fear.


https://youtu.be/ksVxW9i10qQ

https://www.youtube.com/watch?v=SCrme1JQ5vQ
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  • #31
  • Sep 2, 2018 4:59am Sep 2, 2018 4:59am
Many other reasons why traders can not follow systems

https://www.youtube.com/watch?v=9u3UvXqArqs
  • #32
  • Sep 6, 2018 12:24am Sep 6, 2018 12:24am
The need to be right is another reason why traders can not follow systems.

https://www.youtube.com/watch?v=0iNlFSUens4
  • #33
  • Edited 3:04am Sep 8, 2018 2:42am | Edited 3:04am
Subconscious mind interferes with systems.



https://www.youtube.com/watch?v=2E3ZDHR99js
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  • #34
  • Sep 9, 2018 1:13am Sep 9, 2018 1:13am
Quoting echo1
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.
It is easier said than done , nobody can have any confidence in other people's systems, in reality nobody can go through weeks of losses.see this monkey , you have his brain

https://www.youtube.com/watch?v=XJHK4qKCB3c


Quoting echo1
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 %.
Tell me after 40 losses what you will do.I know you will give up


Quoting echo1
Hey Loozers. 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.

Your system is to revamp the system every few weeks, i.e system hopping

Markets don't work according to systems as you have just proved, so systems don't work, unless they are mathematical. Most back testing is useless , so systems results are useless, because psychology was not tested, in real trading psychology is involved in executing the system.
  • #35
  • Sep 9, 2018 3:41am Sep 9, 2018 3:41am
Humans are indeed prone to self-sabotage but how about looking at this all from a different perspective and remembering that the human brain is the most complex known thing in the universe!

The human brain does stuff we don't even understand yet and it's well documented that successful traders all use some form of intuition, gut feeling and other sub-conscious tools in their decision-making.

The human brain can do stuff no computer can, so how about honing these skills instead of treating ourselves as faulty computers?
  • #36
  • Sep 9, 2018 3:51am Sep 9, 2018 3:51am
Quoting tradesimply
The human brain can do stuff no computer can, so how about honing these skills instead of treating ourselves as faulty computers?

The subconscious mind reverts to default ancestral settings, developed over 80,000 years or maybe thousands of years.The human brain is wired to lose in the markets, we can not develop two brains, it would conflict with normal behavior.There are too many wiring issues to be retrained, I could point out a hundred of them.

Your best bet is to get a trade manager EA to manage all trades, EAS can execute trades and manage losses, better than humans.This is the path I have taken ,after learning trading psychology for 4 full years and more.I have moved on to EAS.

We have the pretenders who will come and pretend they have managed to hone the skills.
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  • #37
  • Sep 9, 2018 4:04am Sep 9, 2018 4:04am
Anger is a normal, healthy emotion. However, it can be a problem if you find it difficult to keep it under control.Control your anger in trading time, real market is frustrating.Market triggers emotional reactivity of traders.

Remember all those reactive trades



https://www.youtube.com/watch?v=4ZaHJ4z3JP0

https://www.youtube.com/watch?v=5XTiI1e-wVc
  • #38
  • Sep 9, 2018 4:08am Sep 9, 2018 4:08am
i think the only way to really be able to trade well, is to train your subconscious mind, nothing can stop you from putting a stop to the automated trade manager/expert advisor when you look at the p&l too. you will still run into the same issue be it automated trading or manually executing a system.

if thats the case you may as well just hand your money to a hedge fund and leave it there so you can actually not look at it.

you are what you train your mind to be, if you give it too much of a clutch to fall back on, then next time your mind may totally never be able to perform at all.

you can use expert advisors to automate your trades to free up your time, but you can never automate it to avoid the fear.
  • #39
  • Sep 9, 2018 5:36am Sep 9, 2018 5:36am
Quoting CookieMonsta
i think the only way to really be able to trade well, is to train your subconscious mind, nothing can stop you from putting a stop to the automated trade manager/expert advisor when you look at the p&l too. you will still run into the same issue be it automated trading or manually executing a system. if thats the case you may as well just hand your money to a hedge fund and leave it there so you can actually not look at it. you are what you train your mind to be, if you give it too much of a clutch to fall back on, then next time your mind may totally...
Most people don't like losing , fear of losing and uncertainty.

A set of EAS can operate over one hundred systems simultaneously. You can over come fear of losing by spreading risk over 80 systems, now the human is struggling from following 1 system.

Psychologically you cut down fear from spread of risk.

https://www.forexfactory.com/showthread.php?t=802780
  • #40
  • Sep 9, 2018 7:01am Sep 9, 2018 7:01am
Quoting loozers
{quote} Most people don't like losing , fear of losing and uncertainty. A set of EAS can operate over one hundred systems simultaneously. You can over come fear of losing by spreading risk over 80 systems, now the human is struggling from following 1 system. Psychologically you cut down fear from spread of risk. https://www.forexfactory.com/showthread.php?t=802780
So, what happens if your system loses 100 trades in a row and you look at the p&l and think, is this set of EAs going to work?

You never actually solved the issue, all you did was delay it only, try executing that on a larger account above your comfort level and you will still experience the same fear.

To be honest i think all you are doing is trying to trick your mind such that you do not personally handle the risk, by covering your eyes from it.

Sure, you should adjust your risk by diversifying it. But you still have to contend with some.

How about this? Suppose you tested it with 10k and you are satisfied with the performance, and on hand you have 500k, will you put in 500k to trade?
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