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TOP 100 best edges on forex charts: post good edges here

  • #21
  • Aug 28, 2018 7:10am Aug 28, 2018 7:10am
Quoting MrW
{quote} Why would you sell anything that works? Most people won't be able to afford such EA and you as a coder would earn more renting the EA wouldn't you?
Biggest misconception in the business. There are no edges, there are only traders. If I wanted to sell you my edge, I would have to sell you myself. Edges/systems are a trader's knowledge mosaic, and can no more be lent or sold than a pianist can sell his/her ability to play Rachmaninoff's 2nd Piano Concerto.

If you pay for or borrow a system that you have not yourself developed over time, do not expect to be profitable with it until it has become part of your trader personality.
  • #22
  • Aug 28, 2018 7:47am Aug 28, 2018 7:47am
Quoting cat
{quote} Biggest misconception in the business. There are no edges, there are only traders. If I wanted to sell you my edge, I would have to sell you myself. Edges/systems are a trader's knowledge mosaic, and can no more be lent or sold than a pianist can sell his/her ability to play Rachmaninoff's 2nd Piano Concerto. If you pay for or borrow a system that you have not yourself developed over time, do not expect to be profitable with it until it has become part of your trader personality.
Traders create the edge based on the rules they hold true? So,If I had my system fully automated, Icould simply rent the EA for 10,000 a month instead of selling it 1,000,000.00 The person whom rents my EA is also renting my edge being as the trades shall be placed independent of what the renter decides to do. A est can be contracted to plY what ever itis you like and the desired results shall be gainned.
  • #23
  • Aug 28, 2018 7:54am Aug 28, 2018 7:54am
Quoting MrW
{quote} Traders create the edge based on the rules they hold true? So,If I had my system fully automated, Icould simply rent the EA for 10,000 a month instead of selling it 1,000,000.00 The person whom rents my EA is also renting my edge being as the trades shall be placed independent of what the renter decides to do. A est can be contracted to plY what ever itis you like and the desired results shall be gainned.
Show me a fully automated system that can guarantee profits from day one with any tom, dick or harry who uses it, and I'll show you the golden fleece.

The bottom line is - If you are looking for a system, you don't know how to trade, and if you don't know how to trade but want profits now, then you are looking for a short cut, and if you're looking for a short cut, you're going to lose - 100% guaranteed.
  • #24
  • Edited 9:15am Aug 28, 2018 7:58am | Edited 9:15am
I will share a few:

1. The market is twice as likely to expand than to contract.
2. Because of this, most reversal patterns fail. This is especially true on smaller time frames.
3. The market needs to behave in a specific way in order to keep it's "Randomness". Thus the market has structure that it needs to maintain. Points 1 en 2 are examples of this, but there are many more.
4. There are no shortcuts. The real edge is in the application of many small edges across multiple time frames.
  • #25
  • Aug 28, 2018 8:16am Aug 28, 2018 8:16am
Quoting cat
{quote} Show me a fully automated system that can guarantee profits from day one with any tom, dick or harry who uses it, and I'll show you the golden fleece. The bottom line is - If you are looking for a system, you don't know how to trade, and if you don't know how to trade but want profits now, then you are looking for a short cut, and if you're looking for a short cut, you're going to lose - 100% guaranteed.
Have you never seen EA's for rent over at mql5? People simply pay and not hVe to do anything. So what if we want a shortcut, as profit is what we are all here for. The profit doesn't feel any better if you did it or someone else. Well atleast not to me. ANyway, I have gainned nicely on EU and I am going to call it a day. Have a nice one Mr.
  • #26
  • Aug 28, 2018 10:17am Aug 28, 2018 10:17am
Inserted Video
  • #27
  • Aug 28, 2018 11:02am Aug 28, 2018 11:02am
You can get an edge, however reaching that destination is not cheap nevertheless it all boils down to how much you are willing to pay in:

  1. Money
  2. Time
  3. Risk
  4. Discipline
  5. Dedication
  6. Disappointments
  7. Education
  8. Experience
  9. The list goes on...

R:R "Percentage Focus"
  • #28
  • Edited 2:02pm Aug 28, 2018 11:20am | Edited 2:02pm
Quoting cat
{quote} Show me a fully automated system that can guarantee profits from day one with any tom, dick or harry who uses it, and I'll show you the golden fleece.
show me a system on forex factory than can guarantee consistent profits from day 1 BUT CERTIFIED BY AUDITORS. I will show you EA.
  • #29
  • Aug 28, 2018 2:03pm Aug 28, 2018 2:03pm
Quoting VEEFX
{quote} Are you saying you have an EA that guarantees consistent profits and certified by independent auditors? I will deplete my entire net worth if you got one for 3+ yrs with a ROMAD of 3+ :-)
There is no system doing that , if there was one could make an EA.
  • #30
  • Aug 29, 2018 3:09am Aug 29, 2018 3:09am
Most believers of the edge and edges suffer from psychological biases, dunning kruger effect and selective attention bias.They are missing the bigger picture.They have zero edge,until they execute the edge, but 99% can't do it.
Attached Image
  • #31
  • Aug 29, 2018 5:19pm Aug 29, 2018 5:19pm
Quoting Wanderer272
I will share a few: 1. The market is twice as likely to expand than to contract. 2. Because of this, most reversal patterns fail. This is especially true on smaller time frames. 3. The market needs to behave in a specific way in order to keep it's "Randomness". Thus the market has structure that it needs to maintain. Points 1 en 2 are examples of this, but there are many more. 4. There are no shortcuts. The real edge is in the application of many small edges across multiple time frames.
@Wanderer272, Loozers, princeJ58, alphadude, MrW, Cat, abokwaik, keenpips, magne999
Thank you for sharing your valuable experience. I agree, the randomness makes trading harder but in itself makes his own weakness. In my opinion, I think that there are many small edges that one can find by reading a lot of charts. Especially by reading charts with different indicators. This helps traders see the patterns on the B -side. What is your opinion of the following edge? Edge #1, take a strategy from you (a bollinger band breakout strategy) and each time we buy or sell, we are checking: if previous 2 trades were winners (they hit TP), then the next trade will have a lotsize of 0.02 (instead of the normal 0.01). This will reward many winners in a row. Do you agree? The trick is to adjust the RR, 5 TP and 50 SL. My opinion is that more winners in a row will force 0.02 lotsize, while a row of losing trades will still be 0.01 lotsize. In your opinion, is this an edge? Why or why not? Can you share your knowledge, we would appreciate it a lot and would make this thread very interesting.
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  • #32
  • Edited Aug 30, 2018 11:51am Aug 29, 2018 11:04pm | Edited Aug 30, 2018 11:51am
Most traders here already know Mark Boucher (https://www.desiretotrade.com/the-70...ple-of-trading). In my opinion, attached indicator makes a clear distinction of his theory: 70/20. "70% of the moves of a currency pair take place in only 20% of the time."

Assignment #1: can you solve it?
1. Open the indicator on your chart (any chart)
2. Post here your findings:
a) Do you agree that 80% of the time it's a ranged market? Yes or no?
b) Does this give an edge? Why or why not?

I would be very interested to hear your answers. Thanks for making this thread one with quality.
Attached File(s)
File Type: mq4 SidewaysDetector.mq4   8 KB | 767 downloads
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  • #33
  • Aug 29, 2018 11:27pm Aug 29, 2018 11:27pm
Quoting Wanderer272
I will share a few: 1. The market is twice as likely to expand than to contract. 2. Because of this, most reversal patterns fail. This is especially true on smaller time frames. 3. The market needs to behave in a specific way in order to keep it's "Randomness". Thus the market has structure that it needs to maintain. Points 1 en 2 are examples of this, but there are many more. 4. There are no shortcuts. The real edge is in the application of many small edges across multiple time frames.


Point 3 sounds interesting. Please elaborate.
  • #34
  • Aug 29, 2018 11:41pm Aug 29, 2018 11:41pm
Quoting dagoods
{quote} Point 3 sounds interesting. Please elaborate.
More here: https://www.forexfactory.com/showthr...5#post11413135
You are welcome.
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  • #35
  • Edited 6:15am Aug 30, 2018 6:00am | Edited 6:15am
A small edge would be knowing the difference between the bottom of a cup and handle formation and a bull flag. If you are looking at the hourly you would miss it but on the 1m you can see it forming clearly. There are a group of candles which determines after a sell off, not during which of the two formations shall appear next.
Attached Image (click to enlarge)
Click to Enlarge Name: cup.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: bear.png Size: 21 KB


Can you tell the difference between the two? Look carefully at both charts to see which group of candles determined the faith of the next formation.
  • #36
  • Aug 30, 2018 12:07pm Aug 30, 2018 12:07pm
For a quality thread: assignments
- #1: (post 2: 0.01 vs 0.02 ratio) https://www.forexfactory.com/showthr...0#post11412630. Is this an edge: yes or no?
- #2: (post 9: only winners in a row) https://www.forexfactory.com/showthr...8#post11413158. Is this an edge: yes or no?
- #3 (post 11: Do you agree that correctly worded edges are on the page) https://www.forexfactory.com/showthread.php?t=784994. Is this an edge: yes or no?
- #4 (post 31: winners in a row using Risk Ratio) https://www.forexfactory.com/showthr...6#post11422286. Is this an edge: yes or no?
- #5: (post 32: "theory 70/20 rule" - Mark Boucher) https://www.forexfactory.com/showthr...6#post11422836. Is this an edge: yes or no?
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  • #37
  • Aug 30, 2018 1:29pm Aug 30, 2018 1:29pm
1. How do we find an edge if we don't know what we are looking for?
We find an edge by addressing the myth: "There is nothing guaranteed in the forex market".

2. Do you agree with this myth?
I disagree with this myth, because:
- it's guaranteed that the EUR/USD chart doesn't stay on 1.1700 (price) forever.
- it's guaranteed that price will either go up or down
- it's guaranteed that price charts fluctuate from trend to consolidation
- controversial argument (please offer constructive criticism): it's guaranteed that a 50% retracement martingale is profitable in EUR/USD with a 7000-pipscale.


Above average traders know this already, but it's guaranteed that:
- you can choose to trade negative or positive swap
- you can force 'low spread' on each of your trades. If your average EUR/USD spread is 0.2 then you can force it become 0.1 instead.


If you know more guarantees, please share your input. It would make this a quality thread.
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  • #38
  • Aug 31, 2018 4:57pm Aug 31, 2018 4:57pm
The truth is trading is a business and when one spend lots of screen time, years of disappointments, challenges faced by family members for the same reason... lost money, lost Sleep, lost friendships due to change in social life and the rest of conditions that comes along with this industry. No one, upon experience some success will easily just give up information that means everything to them to complete strangers basically. It's easier for them to start a service or offer a product or be selfish with their findings. It's easier to help channel people with a few hints than give away all that they worked hard and made sacrifices for...
R:R "Percentage Focus"
  • #39
  • Aug 31, 2018 7:06pm Aug 31, 2018 7:06pm
Quoting PrinceJ58
The truth is trading is a business and when one spend lots of screen time, years of disappointments, challenges faced by family members for the same reason... lost money, lost Sleep, lost friendships due to change in social life and the rest of conditions that comes along with this industry. No one, upon experience some success will easily just give up information that means everything to them to complete strangers basically. It's easier for them to start a service or offer a product or be selfish with their findings. It's easier to help channel...
Thank you. What is your take on the 5 assigments in post #1? https://www.forexfactory.com/showthread.php?t=812805
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  • #40
  • Sep 1, 2018 5:06am Sep 1, 2018 5:06am
Quoting abokwaik
{quote} Thank you. I think it is important to differentiate between odds and edges. Odds are factors that add to the probability of success, and these are usually known to all traders. A trading edge is how a specific trader (or a limited group of traders) reads and acts on a certain set of odds to make profit. Two traders trade in trend direction trader1 makes huge profit while suffering minimum draw down trader2 makes small profit while suffering huge draw down Two traders may even take the same trade: trader1 makes huge profit, trader2 makes...
This post is an EDGE.
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