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has anyone EVER seen a successful trader/trading system?

  • #41
  • Sep 16, 2019 2:57am Sep 16, 2019 2:57am
Quoting vickym
{quote} Let me write this even before I read all the other replies - your post makes total sense and there is nothing wrong in what you are thinking or feeling. I have been in the fx business for many many years now but it is not my sole income generating option. I have a full time job and so far after all these yrs I have not been able to find a situation where I can earn predictable money month on month to meet my expenses. In my opinion, any strategy would make sense including flipping a coin provided you have a big account and you trade small...
This is what I'm talking about. People lie about their success all the time. People think they're making profit by trading for only a couple of months (sometime only few weeks!!!). People dream, people run away from reality, people talk, people ...

show me ONE SINGLE SUCCESSFUL TRADER (for at least 3 years in a row) and I promise I'll be the second one.
If you can't measure it, you can't improve it!
  • #42
  • Sep 16, 2019 3:06am Sep 16, 2019 3:06am
I don't usually comment on these forums, they're too full of abuse. If you're negative everyone slaps you down as a loser, if you claim to have a successful system then you're bragging and unbelievable!

But your post is interesting. I have been trading over 10 years, it has driven me crazy. In the early days I blew several accounts because I didn't know what I was doing. I have tried numerous "foolproof systems" without success, and have finally come to the following conclusion.

Patterns don't work, technical analysis is a waste of time. (This is my humble opinion, I fully expect a barage of posts telling me I am wrong). The best systems go haywire on an unexpected talking head. I haven't blown an account for years, but I am only slightly consistently profitable. I use my own grid/hedging system, it protects me from black swan events (i've come unstuck on 2 of those) and I try to take no notice of anyone's trade calls but simply stick to my own plan. I will never make a lot of money from forex because I lack the discipline and courage to trade large enough size. But I enjoy it and thankfully its not my main source of income, and maybe one day I will make more money from it.
  • #43
  • Sep 16, 2019 3:41am Sep 16, 2019 3:41am
Quoting heldav
I don't usually comment on these forums, they're too full of abuse. If you're negative everyone slaps you down as a loser, if you claim to have a successful system then you're bragging and unbelievable! But your post is interesting. I have been trading over 10 years, it has driven me crazy. In the early days I blew several accounts because I didn't know what I was doing. I have tried numerous "foolproof systems" without success, and have finally come to the following conclusion. Patterns don't work, technical analysis is a waste of time. (This is...
Are you me??? Lol...
Fall seven times, stand up Eight! #GGMU
  • #44
  • Sep 16, 2019 4:41am Sep 16, 2019 4:41am
Most everyone has the wrong focus and is asking the wrong question. If the focus is solely on making money that can actually just be the Achilles heal. It tends to lead to taking too much risk which inevitably results in ruin. Rather the primary focus should be on controlling risk, ruthlessly limit losses and you will be amazed how this improves the bottom line results. Paul Tudor Jones used to say that he would assume that he was wrong on his opening positions and take them off quickly when they did not provide positive returns and let the pleasant surprises of his wins run. I see too many trying too hard, rooting for trades like a sports team and staying much too long when they should have gotten out, resulting in big losses. Sometimes the other side of the coin is the way to play!
  • #45
  • Sep 16, 2019 4:50am Sep 16, 2019 4:50am
Here you can find for example some performances over 3+ years

https://www.darwinex.com/all-darwins
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"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #46
  • Sep 16, 2019 5:37am Sep 16, 2019 5:37am
Quoting michisuperfr
Here you can find for example some performances over 3+ years https://www.darwinex.com/all-darwins {image}
Thank you Michisuperfr, I appreciate your contribution. Actually I found this website quite fascinating. Some of them are really inspiring. I wish you best of best...
If you can't measure it, you can't improve it!
  • #47
  • Edited 5:53am Sep 16, 2019 5:43am | Edited 5:53am
Wish i had more than 9 months worth of stats(moved to new platform)
See you in 2 years(hopefully lol)
Necessity knows no law except to conquer
  • #48
  • Sep 16, 2019 6:56am Sep 16, 2019 6:56am
Quoting josephcom
{quote} Thank you Michisuperfr, I appreciate your contribution. Actually I found this website quite fascinating. Some of them are really inspiring. I wish you best of best...
Thanks I wish you too...It can be done, that's all I can assure you (I've seen A LOT more impressive things myself).

Watch the bond markets, watch the big time frames, understand how the players behave that move the markets (They follow certain rules)

Don't rely only on pure trading "systems" and all that crap ... Even though I have developed some unique systems, they are still only an indicator for me.
Unless I don't understand what is happening right now in the markets I don't even try to trade.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #49
  • Edited 9:12am Sep 16, 2019 7:50am | Edited 9:12am
After all what I know it is much more about limitation, less about expansion.

Retail indicators will not give you, what you are searching for.
Most things - the simplest and therefore most important ones - are clearly visible on any chart.
Important key levels, trend lines (that were broken or obeyed) and so on.

But what about 'wave' indicators, such as MAs, MACD aso. Are you going to use an indicator, that relays on past data? How is the price going to behave in the high demand levels, according to these retail indis?! - It is as if you are asking a real clown to give you advice on your finances...

If you focus yourself on one currency, and it's counterparts, and solely trade it on the 4h/1d chart, only at times when you feel comfortable with, I think you can get (train) a higher edge into your own trading skills.

What is the real holy grail?! - The market you actually pick (and whether it is in trending circle or not).
Currency, equity, commodity, stocks. Not indicators.

Some also use news trading, or volume.
Especially when you trade stocks or securities, that are surveillanced at the official exchange markets, volume makes sense.
Otherwise not so much.

Btw, when it comes to proof of trading results: I seriously know very very few traders, that have shown their trading results (over a decent time) and explained, how they do it.

But it is as worse when it comes to EAs: most signals just disappear some day, so you don't know how that ea actually behaved.

I am currently developing a website, to keep track on most used / known EA signals.
  • #50
  • Sep 16, 2019 8:51am Sep 16, 2019 8:51am
OP, you hit the nail on the head with your first post, second bullet point...trading is an art. An artist's pieces are a collection and portrayal of their life as a whole. They encompass one's genetic makeup, childhood, lessons learned; their failures and successes; their goals, passions, and innate abilities. Retail trading as an industry is all smoke and mirrors from a systems/indicator standpoint; but to doubt that any 3yr+ profitable trader exists is nonsense. There are countless published profitable traders out there, and who knows how many others out there remaining undocumented. Mark Douglas's, Trading in the Zone interviews several profitable career traders. The podcast, 52 Traders, interviews a new profitable career trader each week. Do they provide links to their account statements by which to verify their success? No, but why require that to believe? Why be so conspiratorial and narcissistic to believe that since one cannot trade profitably themselves (or find a "system" that can teach them to do so), that it must mean it is impossible? Of the thousands of posters within FF, I know with certainty that at least 4 are long term successful, and highly profitable. I will not provide their usernames here, but I would just direct you to the following 3 threads, The Swamp, EURUSD Only, and Pivot Trading.

To be successful in this business, one must look at the market as a whole; a collection of technical expertise (to identify other's stops/levels of liquidity by which to enter/exit trades and anticipate upcoming order flow) short and long term fundamental analysis (to determine short and long term directional cues-again going back to order flow) and one's own risk tolerance and level of conviction (to determine position sizing and trade duration). You can't teach that, because it will be unique to each individual. That's why you will never find what you are looking for. Just as one cannot read a book about painting and become a great painter...they must get out and paint! To be successful as a solo trader, you must look within to reverse the psychological need to be shown a path and to see 'proof' of others success, and get out there and trade trade trade! Lastly, I will say that at 3 years, a trader would still be in their infancy. It took me 8 to become profitable, going on 10 now. If you find yourself disagreeing/fighting with this post, and you are still in this game 5 years from now, come back and re-read this...see if your feelings have changed. Good luck all!
  • #51
  • Sep 16, 2019 8:56am Sep 16, 2019 8:56am
I agree with everything posted in the first post. I have taken countless course from countless self-proclaimed gurus, and all have turned out to be frauds. Not a single one would actually show an account statement. After-the-fact trades were cherry picked to prove the methodology. I have had some months of 5-10% gains that were followed by stressful drawdowns. To me, using minimal leverage is the key. I have not blown an account in 4 years, but I have come close. I am running a few EAs on demo accounts, and I feel that EAs are the way to go.

In all my years of trading (10+) I have never met a profitable trader that was willing to prove profitability. Everyone is selling something with no proof.
  • #52
  • Sep 16, 2019 9:11am Sep 16, 2019 9:11am
Quoting Chemistry102
I agree with everything posted in the first post. I have taken countless course from countless self-proclaimed gurus, and all have turned out to be frauds. Not a single one would actually show an account statement. After-the-fact trades were cherry picked to prove the methodology. I have had some months of 5-10% gains that were followed by stressful drawdowns. To me, using minimal leverage is the key. I have not blown an account in 4 years, but I have come close. I am running a few EAs on demo accounts, and I feel that EAs are the way to go. In...
Either not looking hard enough or not looking in the right places. There is a lot of published, verifiable success out there, both at FF and abroad. Successful traders do not sell their strategies, because they know they can't be replicated via a PDF, video, or seminar. Everyone else does try to sell, because they can't make money trading. Those who can't do, teach.
  • #53
  • Sep 16, 2019 9:39am Sep 16, 2019 9:39am
Quoting josephcom
{quote} Simple answer: there's no consistent trader at all !.
Hi.. again I'm curious to know how you know that "there's no consistent trader at all !".. please provide proof..,otherwise it's all just your opinion which will have no weigh whatsoever.. and please don't tell me to go to other forums or signal site.. only hard proof please! an excel sheet is fine..
  • #54
  • Sep 16, 2019 9:55am Sep 16, 2019 9:55am
Quoting NWSTrading
To be successful in this business, one must look at the market as a whole; a collection of technical expertise (to identify other's stops/levels of liquidity by which to enter/exit trades and anticipate upcoming order flow) short and long term fundamental analysis (to determine short and long term directional cues-again going back to order flow) and one's own risk tolerance and level of conviction (to determine position sizing and trade duration). You can't teach that, because it will be unique to each individual.
Very good post mate
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #55
  • Sep 16, 2019 10:32am Sep 16, 2019 10:32am
Joseph you don't need to see someone's results to know that the method they use works. All you have to do is to get your hands dirty. I started studying and using George AUS's methods since mid-May 2019 and I can tell that his methods/theories do work. I have not perfected his methods but before the exposure my live account was more leaning towards the negative side. Today it is a different story - it keeps climbing up though I still make those rookie mistakes now and then (which have nothing to do with his methods as trading involves other areas that have to be mastered). I also started trading in 2016. My search for the so called holy grail has now stopped! (not meaning his methods/theories are the holy grail). Of course the market evolves and the learning will never stop.
  • #56
  • Sep 16, 2019 10:54am Sep 16, 2019 10:54am
Quoting NWSTrading
{quote} Either not looking hard enough or not looking in the right places. There is a lot of published, verifiable success out there, both at FF and abroad. Successful traders do not sell their strategies, because they know they can't be replicated via a PDF, video, or seminar. Everyone else does try to sell, because they can't make money trading. Those who can't do, teach.
I looked into the three threads you reported to us, and I struggled to find any verified track results.

A) How do we know those 3 systems (threads) will give us successful strategies?!
B) You say there is a lot of verified success out there; please tell us some names of traders here at ff, that a) have a long track record and b) explain exactly how they trade.

Btw, it somehow contradicts: Once you say there is a lot of documentation here at ff and elsewhere - reported trading accounts And explanation - then again you say that none professional (successful) trader is publishing his strategy (or selling it) as PDF (...) because they know it can't be taught / duplicated.

So, what is the truth?!

[And: from the first post you made on this site, I think that with "4th trader that is successful" you mean yourself...?
How about publishing some outtakes of your account?
Not confronting, just interested.]
Thanks.
  • #57
  • Sep 16, 2019 12:06pm Sep 16, 2019 12:06pm
Quoting dkrock
I don't understand the point of showing you my bank account. What good will it do you? You won't be able to replicate it, lol. I have worked with about 50 different traders one-on-one, sharing my template, trading it with them in the live market, and making them money. Guess what every one of them did? LOL. They changed it to add useless garbage from their useless previous methods. Then I had a few I didn't work with, who simply stole it, and the indicators, and sold them for their personal gain. You do not trade profitably, so you are so far behind...
I think what the thread starter tries to say is, that he would already be happy with some sort of graph.
No one asks you to show your bank account with capital size and so on;
Op simply requests that traders, that are TEACHING trading should show their performance - in percent, not capital.
I think many people would be happy to know it, before they start reading a thread or even paying for a strategy.

And by the way his initial question, that no one was able to answer by now, could be answered:
Show a successful account over a period of 3 years.
  • #58
  • Sep 16, 2019 12:50pm Sep 16, 2019 12:50pm
I was in your shoe many years ago, you start all pumped up, you think it's easy after all you're smart, you've mastered many difficult subjects at work, at school, you're a engineer, a phd, a carpenter, a doctor, whatever... you're the best at what you do... so this can't be harder... well, IT IS! and find that out quite fast, after making it big and giving it all back immediately! But you're tenacious, you'll make it and you'll stick to it, so you continue the search, you lose more money, you move forward, you read all the BS online, you try everything, you can't even sleep, and then one day you wake up, one or two years have passed, you're exhausted and you look around and it feels like a you've ran over by a runaway train... tired of everything trading-related... it seems impossible to make money in this business, at least not for the retail crowd... then you start wondering if all of this isn't just a big hoax and in fact, because you've listened to all the gurus and taken all the course and heard all the videos and still nothing in your bank account, you start believing that NO... this is all BS pure and simple!!! I'm done....
well, my friend, at that point is when it begins for you...
Yes, it can be done, but you need to have suffered the pains necessary for you to be at the right level (mentally and skills-wise) to endure loses, to be comfortable in front of the huge uncertainty within each click of your buy or sell, to understand that its an probabilities game, to know it is a journey, to not rush it, to ignore all the noise around you and to persist until you make it, until you feel in your gut that you're there!...probably a decade later!!
Only you know if you have what it takes, if you really want it, so don't despair, some few people make it in trading but you won't see them tell it anyone.
Good luck
  • #59
  • Sep 16, 2019 1:02pm Sep 16, 2019 1:02pm
Quoting tradista
well, my friend, at that point is when it begins for you...
Right on the money. So true! The psychological capitulation must occur before the rewiring can take place. Similar to how the armed forces must break down a new recruit before building them back up again, building anew.
  • #60
  • Sep 16, 2019 3:54pm Sep 16, 2019 3:54pm
Quoting josephcom
... show me ONE SINGLE SUCCESSFUL TRADER (for at least 3 years in a row) and I promise I'll be the second one.
//-----

hey joesph..... proof is sometimes difficult to provide....... even if we were willing......

here in the states, nfa rules has slowly whittled down our available brokers..... as the brokers left, they sold off our accounts to another broker who would sell us off a few years later......

it's been hard to stay with anyone for a long period of time..... the brokers left us, we did not leave them......

my longest running account, which was my first, ran for over 10 years..... it might be an example of what your looking for.....

the account open date shows december of 08 which is incorrect, should be 06..... the explorer is public..... you can easily see all the metrics....

those metrics are consistent across all my accounts..... will have both drawdowns and losses..... usually those are clearly my fault.....

manual trading for me is not easy..... have said may times i'm probably the worst manual trader on this forum......

my ability to code keeps me on the right side of the +/- line......h
//------
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to trade and code, keep both simple... no call to impress....h
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