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has anyone EVER seen a successful trader/trading system?

  • #81
  • Sep 17, 2019 1:59am Sep 17, 2019 1:59am
Quoting clemmo17
What's wrong with the ones posted at https://www.forexfactory.com/trades.php? Some of those accounts are into the 1000% range over more than a year. What level of success is good enough for you? What level of proof? I have to wonder if some of the people who say they have been trading for years and 'never found a successful system' actually found a successful system but demanded too much from it. "This system occasionally loses and sometimes loses multiple times in a row!!!" SWITCH. Etc.
It's about those, that actually teach trading (in threads), or talk a lot about their success.
I think the thread-starter would be more than sophisticated if one of the traders you mentioned, and who has a track of 3 years +, would show his method and explain it.
Then this thread could be closed and everyone could move to that new thread ;
  • #82
  • Sep 17, 2019 2:29am Sep 17, 2019 2:29am
Quoting dkrock
You start by doing a SWOT analysis of yourself to the Forex market. Then you modify it as you gain experience. The market is a study of human behavior disguised as news and math. News allows you to guess on economic outcomes. Math allows you to group behavior and look for its changes. If you like to read and do research and still be wrong, then trade news. If you like to identify patterns and trade more frequently, and still be wrong, then trade math.
I love this. Paradoxically, true.
  • #83
  • Sep 17, 2019 2:29am Sep 17, 2019 2:29am
So many cue-words: mentors, EA-s, education, edge and so on.. And not a single equity curve, as requested. Some honest answerers and some red guys waving they di*ks and trying to make a sales pitch. Typical forexfactory.
  • #84
  • Sep 17, 2019 2:34am Sep 17, 2019 2:34am
Quoting drbrain
So many cue-words: mentors, EA-s, education, edge and so on.. And not a single equity curve, as requested. Some honest answerers and some red guys waving they di*ks and trying to make a sales pitch. Typical forexfactory.
Couldnt said it better
Necessity knows no law except to conquer
  • #85
  • Sep 17, 2019 3:15am Sep 17, 2019 3:15am
Quoting clemmo17
{quote} I love this. Paradoxically, true.
So ... I discovered this and set out to always be wrong... guess what? Never made more money.
  • #86
  • Sep 17, 2019 3:35am Sep 17, 2019 3:35am
I have seen many, they all crash in the end...
What you always see is the equity curve going up when the system is profitable ... after a while there is nothing to see. Do you have to wonder why ?
  • #87
  • Sep 17, 2019 3:38am Sep 17, 2019 3:38am
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...
I am profesional trader, living off this, and you just gave the point.Leverage and some proper capital behind. its the core.Its easy to double a 100 bucks account , and show incredibe returns.But managing bigger money requires other things.Believe me, any system will work if you manage short leverage positions in the long run.But people cant stand trading a (lets say), a 20k account, putting 0.01 orders.
i remember in the beggining when sending some tracks to firms or people looking for job, and being refused because of making "only" a 1% monthly average,.."no we need 20% weekly at least",...rubbish.Trade for a livng requires ant work..low, and steady.Just my two cents, .literally

And of course, not the same living off this but earing money of this in some way.
  • #88
  • Sep 17, 2019 4:09am Sep 17, 2019 4:09am
You are always told trading is about cutting losers short and letting winners run.

If you spend more than a day here you realise active participating here is a loss,a huge loss so the people here with high post counts and flags most likely(99.9% probability) are losers.You're more likely to get good advice from someone with 25 posts and no flag.

There is one poster here Copernicus who knows what trading is about.That's it.A few great traders have come but once they realise what this place is they never return.

Successful traders do a lot of rigorous testing so you can find successful traders on some of the backtesting software forums.There's less quarrelling and bickering on these sites because the people here are actually trading and making money rather than trying to prove to nameless, anonymous people that they are profitable. Here you either put up or shut up.

Everything about trading is hard.Good luck.
  • #89
  • Sep 17, 2019 4:36am Sep 17, 2019 4:36am
Quoting Mingary
I have seen many, they all crash in the end... What you always see is the equity curve going up when the system is profitable ... after a while there is nothing to see. Do you have to wonder why ?
Mingary

Stop being so negative nelly.
Tell us about your Monty hall problem, do you see solving this issue of releasing stream on your drawn down as a key to running any long term profitable strategy.

I recommend traders read his binned thread and ask the question - HOW CAN WE RELEASE THE PRESSURE AND REMAIN PROFITABLE ?

I ask this question to every EA I run.
Trading thin liquidity at the boundary of the charts
  • #90
  • Sep 17, 2019 4:45am Sep 17, 2019 4:45am
For over 3 years he has been trying to find a successful strategy. It generally takes longer then 3 years to get profitable, and there is not one strategy that is gonna work all the time. You have to be able to judge the conditions, and if they are right.. then trade. Most the time conditions won't be right. Just have to find that one thing your good at, and that can take many years. Market conditions change all the time, so you have to be able guess acurratly. Example.. Sometime data comes out and market make a huge 40 pip move.. Sometimes it makes a 4 pip move. Sometimes daily range is 150 pips.. sometimes 20 pips. You have to be able to guess based on experience what its gonna be like today. There is no way to teach this.. its just watching charts for years.
The only system that will work is one designed by and for yourself.
  • #91
  • Sep 17, 2019 4:53am Sep 17, 2019 4:53am
Quoting aweforex
{quote} I am profesional trader, living off this, and you just gave the point.Leverage and some proper capital behind. its the core.Its easy to double a 100 bucks account , and show incredibe returns.But managing bigger money requires other things.Believe me, any system will work if you manage short leverage positions in the long run.But people cant stand trading a (lets say), a 20k account, putting 0.01 orders. i remember in the beggining when sending some tracks to firms or people looking for job, and being refused because of making "only" a 1%...
I wrote something last night but as I am not a professional trader I didn't bother. You have basically confirmed my thinking though.

I think the average person thinks people can spend 5 minutes a day doubling their money. The reality is that a decent amount of work goes in to making a relatively small percentage on a large amount of capital.

With a small amount of capital (like 5000) a small return is pretty boring and probably not worth the effort required from a purely financial pov. A 100% return on 5000 over the year from 1 hours work per day is 13.69 per hour. And that is an incredible return from very little effort.

If counting cards is a lot of effort and you only take 50 quid to the casino, you'd be as well just playing roulette.
Hypocrite lecteur, mon semblable, mon frere!
  • #92
  • Sep 17, 2019 5:56am Sep 17, 2019 5:56am
Just as a guide to help you out- I have been trading the following method for the past 13 years and I'm now gunna waste my time providing any form of proof.
I only use the daily, weekly and monthly time frames. On all charts I plot the 5sma applied to the open.
No hand holding ,but if you cant work anything out from this then go and get a job- forget about trading.
P.S. Start by only trading pin bar rejections from key levels on the daily chart.
  • #93
  • Sep 17, 2019 7:46am Sep 17, 2019 7:46am
Quoting peterhenders
Just as a guide to help you out- I have been trading the following method for the past 13 years and I'm now gunna waste my time providing any form of proof. I only use the daily, weekly and monthly time frames. On all charts I plot the 5sma applied to the open. No hand holding ,but if you cant work anything out from this then go and get a job- forget about trading. P.S. Start by only trading pin bar rejections from key levels on the daily chart.
This is why most retail traders will never get the hang on it.
They either do not have the time or the capital, that it would make sense to trade on a daily or even weekly scope.
Hence, always searching for scalping methods on the 1, 5 or 15 min. Chart.
Just look at mql5 markets and check those custom indis: They all advertise these small time frames, whereas a professional trader does know that it's more than hard to be constantly profitable on a low timeframe.
That's irritating many small capital traders.
What you can do?!
Maybe starting to trade futures or even better, stocks, as you will learn the classical approach of market analysis plus volume (tape reading, aso.).
After that you can much better evaluate, if trading forex is a) for you and / or b) actually makes sense, as it is not being controlled at official exchange markets, and lacks information
  • #94
  • Sep 17, 2019 8:11am Sep 17, 2019 8:11am
Quoting Fx-Gamer
{quote} This is why most retail traders will never get the hang on it. They either do not have the time or the capital, that it would make sense to trade on a daily or even weekly scope. Hence, always searching for scalping methods on the 1, 5 or 15 min. Chart. Just look at mql5 markets and check those custom indis: They all advertise these small time frames, whereas a professional trader does know that it's more than hard to be constantly profitable on a low timeframe. That's irritating many small capital traders. What you can do?! Maybe starting...
Hi FX-Gamer

Trading the 1 minute chart offers the best chance of being profitable if you have a deep understanding of price action. Don't discard anything in this business unless you have sat next to a great scalping trader and see the magic they can do on a 1 minute chart.
Also don't presume professional traders (that work for a Equity firm/bank) are actually that good, they just have access to data you and I will never see. They play with the help of the house.

Cheers
Trading thin liquidity at the boundary of the charts
  • #95
  • Sep 17, 2019 8:47am Sep 17, 2019 8:47am
Quoting josephcom
One of the most frustrating (I would use a different adjective!) answers I've ever heard is that you're not supposed to ask Forex teachers to see their trades. This is probably the most strange/unfair argument I can imagine. This is not a joke! This is about students precious life. It's their RIGHT to know, beforehand, the path they're stepping into has been previously ended in success. Otherwise it's like buying a car by only listening to the seller's words and not actually seeing and driving the car!...



Sounds like someone has spat their dummy.

Any reasonable person would agree with most of the points you have raised. Unfortunately trading is not reasonable.
Its easy to see you are up against a wall. Ive been there too. You can either let it defeat you, or find a way past it. Having a little sook on an anonymous internet forum is probably a fairly mild reaction.

Why would a successful trader give out anything to inspire us? An account equity curve is exactly that. Any tiny bit of hope or proof is like a diamond mine. The successful traders know it, because they have been there. Why should they make it easier for the next person?

If i show every mofo where I get my fish from, then eventually i will starve. For what gain?

If anything, it makes more sense that learning to trade gets harder as the years go on. The hints get spread thinner. The easy pickings get fewer.
But real truth will endure
Even if it gets harder to find.
Why is a Raven like a Writing Desk?
  • #96
  • Sep 17, 2019 9:02am Sep 17, 2019 9:02am
Quoting RickM
{quote} Hi FX-Gamer Trading the 1 minute chart offers the best chance of being profitable if you have a deep understanding of price action. Don't discard anything in this business unless you have sat next to a great scalping trader and see the magic they can do on a 1 minute chart. Also don't presume professional traders (that work for a Equity firm/bank) are actually that good, they just have access to data you and I will never see. They play with the help of the house. Cheers
Hi,
I've searched a long time for profitable scalping strategies, and made many mistakes with it at the beginning of my trading 'career'.
Now trading in 1h/4h with higher conf.
If you have any suggestions on scalping - that work - I'd be glad if you could share some insight (or links to threads etc.).
Thanks
  • #97
  • Sep 17, 2019 9:27am Sep 17, 2019 9:27am
In most cases even the most successful trading strategy won't help to majority traders become profitable. Important first is a mindset, money management, experience and only then trading strategy.
  • #98
  • Sep 17, 2019 11:45am Sep 17, 2019 11:45am
Quoting Fx-Gamer
{quote} It's about those, that actually teach trading (in threads), or talk a lot about their success. I think the thread-starter would be more than sophisticated if one of the traders you mentioned, and who has a track of 3 years +, would show his method and explain it. Then this thread could be closed and everyone could move to that new thread ;
This is what the TS is actually after by creating this thread most likely.. He wants a free profitable system explained to him... ppfffttt..
  • #99
  • Sep 17, 2019 11:49am Sep 17, 2019 11:49am
Quoting Fx-Gamer
{quote} Hi, I've searched a long time for profitable scalping strategies, and made many mistakes with it at the beginning of my trading 'career'. Now trading in 1h/4h with higher conf. If you have any suggestions on scalping - that work - I'd be glad if you could share some insight (or links to threads etc.). Thanks
What is interesting you are saying you made many mistakes with scalping at the beginning of your trading 'career'. I assume that now you are no longer the rookie and you are an experienced trader. Considering that there is a big difference between a rookie and an experienced trader and now that you are an experienced trader did you try it again?
  • #100
  • Sep 17, 2019 11:51am Sep 17, 2019 11:51am
Quoting drbrain
So many cue-words: mentors, EA-s, education, edge and so on.. And not a single equity curve, as requested. Some honest answerers and some red guys waving they di*ks and trying to make a sales pitch. Typical forexfactory.
There.. now you've seen one.. happy?
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