What's your system? | Forex Factory

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What's your system?

  • #1
  • First Post: Aug 10, 2019 9:25pm Aug 10, 2019 9:25pm
Just started this as hopefully an ongoing poll. Everyone is so different, hence so many arguments on FF. Everyone has their own style. All I want is a 3-5line summary of your trading system.

For me, I use TA, tight SL, 5 min TF, Japanese candlesticks, avoid news, hopeless with FA, no martingale, max 3 trade exposure, hopefully max 8% exposure. No EA. 4 years trading. In debt overall,.still hopeful. Trade Asian session.

I'd just like to see responses like that. A summary. There's no reason for arguments, post or don't...
  • #2
  • Aug 10, 2019 9:57pm Aug 10, 2019 9:57pm
Quoting hellsbells
Just started this as hopefully an ongoing poll. Everyone is so different, hence so many arguments on FF. Everyone has their own style. All I want is a 3-5line summary of your trading system. For me, I use TA, tight SL, 5 min TF, Japanese candlesticks, avoid news, hopeless with FA, no martingale, max 3 trade exposure, hopefully max 8% exposure. No EA. 4 years trading. In debt overall,.still hopeful. Trade Asian session. I'd just like to see responses like that. A summary. There's no reason for arguments, post or don't...
Same as you but somewhat different.

For me, I use TA(mainly indicator),tight SL,5minute TF,avoid news,Consider FA by analysts,no martingale but often do hedge and mess up,max exposure 30%-40%,diversify my positions on different pairs,No EA, 4 years trading. In debt overall, still hopeful. Trade from tokyo open till london close. Have good faith in my system but my emotions messes up with my trading.
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #3
  • Aug 10, 2019 10:41pm Aug 10, 2019 10:41pm
Reading renko chart, wait for a vey specific condition to show up, place the trade and move one with my life.. until next day; from monday to friday, withdraw money at the end of the month, rinse and repeat

pretty easy, the annoying/boring part its waiting
  • #4
  • Aug 11, 2019 11:25am Aug 11, 2019 11:25am
Identify a confirmed trend on D1, join it Get out when price pulls back or forges ahead. Re-set entry order asap. Happy days.
  • #5
  • Edited 2:03am Aug 12, 2019 1:32am | Edited 2:03am
Forex trader 2.5 years, losing pips for 2.3 years. Now 70% success rate. trade FA, use a squawk, journal, courses, study & research constantly. Trade FF red risk events & all CB rate decisions. Once in trade TA w/ indicators to exit. Also, focus on trading psychology. Forex Trading is now finally paying off for me & my family. I wish everyone much success in your trading.
  • #6
  • Aug 12, 2019 4:46am Aug 12, 2019 4:46am
yes at least one of my systems has to fit my "personality" .

i like many many profits so I use no sl

I use indicators to identify major trends and I enter at pullbacks. I diversify among non correlated pairs.

I used to close the basket at fixed gains and now I use TPs as it's perfect to generate volume, if you know what I mean.

p.s. I do it with $50-150.
  • #7
  • Aug 12, 2019 6:06am Aug 12, 2019 6:06am
Hello.

I use technical analysis. the base of my analysis is MA, Fib retracement, Elliot wave formations. I trade mostly EUR/USD and GBP/USD for now, however, I plan to expand my regular pairs set. No EA and martingale. Stop loss level depends on the current significant levels. I try to keep the TP/SL ratio not less then 2/1.
I trade on an active news background, but I try to avoid news that can lead to unpredictable volatile movements. 8 years of trading experience, including 4 years of funds management.

all the best
#Anthonywins
  • #8
  • Aug 12, 2019 6:19am Aug 12, 2019 6:19am
hellsbells , my system , i trade no stoploss and news , i have a semapor with macd with stoch indies on 15min time frame for now , also i trade 1hr 4hr with macd with stoch , its a easy system ,
people leave, but this thread will go on for ever
  • #9
  • Edited Aug 13, 2019 6:40am Aug 12, 2019 6:49am | Edited Aug 13, 2019 6:40am
Decent macro narrative
Orderflow
  • #10
  • Aug 12, 2019 1:36pm Aug 12, 2019 1:36pm
Quoting Aussi
hellsbells , my system , i trade no stoploss and news , i have a semapor with macd with stoch indies on 15min time frame for now , also i trade 1hr 4hr with macd with stoch , its a easy system ,

easy, simple, effective.
I traded with no sl for years and I lost nothing. I can even demonstrate it.
100+ lots traded over the years and my account was almost positive. well I lost $100-200 because I gave up..... for a while

2 months of no sl and my acocunt is still alive

wtf is wrong with those SL freaks lol
  • #11
  • Aug 12, 2019 2:05pm Aug 12, 2019 2:05pm
Quoting HeyYou
{quote} easy, simple, effective. I traded with no sl for years and I lost nothing. I can even demonstrate it. 100+ lots traded over the years and my account was almost positive. well I lost $100-200 because I gave up..... for a while 2 months of no sl and my acocunt is still alive wtf is wrong with those SL freaks lol
I tend to max leverage so when I'm wrong I'd rather know it fast and look for a new target. Sitting in a loss burns me !!!! I hate it so much!!! I'd rather pay a penalty and move to greener pastures. It's a personality thing
Cheers h
  • #12
  • Aug 12, 2019 2:17pm Aug 12, 2019 2:17pm
Hi Hellsbells and Hello for everyone!!

My system consists of working technique and mind ... where I try to survive the market my way, always respecting my profile ... I always found it important to make notes of everything I've been learning over time ... I have two Active accounts where one I make the goals that pays my salary and the other after goal beat I train entries in it and end up making some money coming by the training.
My way of operating is by harmonic standards but I study a little of everything.

I don't use stoploss lol But I always stop manually when I'm wrong...
I don't mind losing a few pips what matters to me is if I learn something from it.
  • #13
  • Aug 12, 2019 2:26pm Aug 12, 2019 2:26pm
Quoting hellsbells
{quote} I tend to max leverage so when I'm wrong I'd rather know it fast and look for a new target. Sitting in a loss burns me !!!! I hate it so much!!! I'd rather pay a penalty and move to greener pastures. It's a personality thing Cheers h

Yeah s**t happens.. but overall diligence is your friend. if you can manage to start small always it's no big deal if you mess with the plan once in while..
  • #14
  • Aug 12, 2019 2:26pm Aug 12, 2019 2:26pm
Quoting hellsbells
{quote} I tend to max leverage so when I'm wrong I'd rather know it fast and look for a new target. Sitting in a loss burns me !!!! I hate it so much!!! I'd rather pay a penalty and move to greener pastures. It's a personality thing Cheers h
the ability to close unprofitable trades on time and accept losses to trade further is, in my opinion, one of the best qualities of a trader.
for example, I do not leave loss trades if the signal level that I set was passed.

I believe that you have described the rule of a consistent trader.
#Anthonywins
  • #15
  • Aug 12, 2019 4:30pm Aug 12, 2019 4:30pm
Quoting HeyYou
{quote} Yeah s**t happens.. but overall diligence is your friend. if you can manage to start small always it's no big deal if you mess with the plan once in while..
I hate late entries almost as much as sitting in loss. I am in, or I am out, I am right, or I am wrong. No pyramid in whether I am right, or wrong. A trigger is a trigger, to get in, or get out. A late entry is no longer optimal entry, so should no longer be taken. I love the FF chart actually, and I don't want a loss > 5 pips/1 grid zone on FF chart. Mostly UJ. This is why I opened this thread, to read about what others like. Interesting.
  • #16
  • Aug 12, 2019 10:43pm Aug 12, 2019 10:43pm
In my opinion, give up lower Timeframes. If you can do it for a long term, congratulations.

But focus first on the efficiency, and what your goal from trading is. Then start building a system that suits your personality.

Learn Supply and Demand, Price Action, Time frames correlation and Fundamental Order Flows. Then Build your system from there.
Can't stress this enough but please FOCUS on efficiency of executing, results and money will be just a by-result.
  • #17
  • Aug 12, 2019 10:53pm Aug 12, 2019 10:53pm
Quoting TradeMinim
In my opinion, give up lower Timeframes. If you can do it for a long term, congratulations. But focus first on the efficiency, and what your goal from trading is. Then start building a system that suits your personality. Learn Supply and Demand, Price Action, Time frames correlation and Fundamental Order Flows. Then Build your system from there. Can't stress this enough but please FOCUS on efficiency of executing, results and money will be just a by-result.
<<<<<<<<< FOCUS on efficiency of executing, results and money will be just a by-result<<<<<<<<<<<<<

i would be interested in knowing how you did it
people leave, but this thread will go on for ever
  • #18
  • Edited 3:09am Aug 13, 2019 2:10am | Edited 3:09am
Quoting hellsbells
{quote} I hate late entries almost as much as sitting in loss. I am in, or I am out, I am right, or I am wrong. No pyramid in whether I am right, or wrong. A trigger is a trigger, to get in, or get out. A late entry is no longer optimal entry, so should no longer be taken. I love the FF chart actually, and I don't want a loss > 5 pips/1 grid zone on FF chart. Mostly UJ. This is why I opened this thread, to read about what others like. Interesting.

I'm an optimization freak too and I would love to be that accurate.


p.s. I also love volume.

100 lots is $500-1000 in rebates

I so regret not having done it before
  • #19
  • Aug 13, 2019 4:31am Aug 13, 2019 4:31am
Quoting HeyYou
{quote} I'm an optimization freak too and I would love to be that accurate. p.s. I also love volume. 100 lots is $500-1000 in rebates I so regret not having done it before

For those that don't know, paybackfx (I have no idea who else does it) will rebate per trade. If you trade often it adds up in the background..

Some traders also target positive swaps for holding trades overnight, see Aussie.

These help,

Cheers h
  • #20
  • Aug 17, 2019 2:34am Aug 17, 2019 2:34am
Almost 6 years in FX...be consistent n profitable since mid2017...no trade on pairs during red news or big issue like rate decision or brexit...only focus on snd, stochastic and pinbar, thats all. trade OB/OS in M30 when it meet OB/OS on D1...n ride the pips...
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