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has anyone EVER seen a successful trader/trading system?

  • #121
  • Sep 17, 2019 11:15pm Sep 17, 2019 11:15pm
I have been practicing trading for for over 10 years now and at first i started looking for a magical set of indicators that would tell me when to buy or sell, then i started looking into price action, and finally including Supply and Demand Trading methodology, which is the best way to trade since its fundamentally what moves the market (buyers and sellers) not indicators. I have started seeing results this year after applying what i learn to higher time frames instead of focusing on 1 to 15 min charts now i look at 4 hour and daily , sometimes using 1 hour and 15, with lower %risk.

Even though i cant say im a successfull trader yet, i know i will be, and after all there is no way im gonna quit now that i've been doing this for so long anyway.

If you want to learn to make money, i would recommend for you to learn Supply and Demand Trading.
  • #122
  • Sep 18, 2019 12:47am Sep 18, 2019 12:47am
Quoting josephcom
OK, it's time for me to ask the big question! For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! When I say 3 years I am talking about something like 5 to 10 hours a day!!! In a way, I've wasted 3 years of my dear life that God has given to me. I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories. I have tested hundreds of different strategies (both maniacal and manual). I know all the possible answers...

Have you heard of the method called Beat The Market Makers Method (BTMM)? Well it states that the Market Makers all work together for a desired result in any pair, and that in life things happen in 3s, so does the Market itself moves in 3 pushes. It always happens and I think this method is quite consistent though I have only started being consistent now after 3years of learning it.

I can also see the 3 pushes on the graphs you posted. Sometimes there is also a 4th push which is an extended push. But after this the Market then reverses.

It's something like this;
1. Push 1; traders view it as a market pullback and they wait for the pull back to end.
2. Push 2; traders then notice this is not a pullback but the Market market has might be reversing.
3. Push 3; traders then commit to this direction and take a position, but this is the final push and the market will soon reverse making the trader not to realise a substantial profit.

The 1st image I attached below is of the trading strategy. On the 1st push down, you cannot trade back up to the peak high formation or pattern. On the 2nd and 3rd push you can trade both ways; as the pattern presents itself( which I will explain further).

The 2nd picture shows the Market Maker Cycle; there are 3-5days of rise or drop (these can be more or fewer). To the far right are the important patterns to recognise which direction to trade and these are called the London patterns.

It is quite difficult to see these patterns happening in a moving market, and this is why it takes a really long time to become consistent. Learning from trading simulators (which are based on real market movement that happened before) can also help learn quicker than daily trading.

The 3rd picture is how I analyse the Market. The boxes are based on a pairs daily range (The allowed range a pair can move per day so as to not allow massive manipulation that can lead to bankruptcy of economies; this is automatically placed in the BTMM template and is different per pair). When I do this, the height of the box is the Daily range of the pair in pips.

This is an amateur video I made of how to draw the boxes;
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File Type: tpl Market Maker Template 15min.tpl   90 KB | 1,664 downloads
  • #123
  • Sep 18, 2019 1:01am Sep 18, 2019 1:01am
Quoting cisco92111
I have been practicing trading for for over 10 years now and at first i started looking for a magical set of indicators that would tell me when to buy or sell, then i started looking into price action, and finally including Supply and Demand Trading methodology, which is the best way to trade since its fundamentally what moves the market (buyers and sellers) not indicators. I have started seeing results this year after applying what i learn to higher time frames instead of focusing on 1 to 15 min charts now i look at 4 hour and daily , sometimes...
you are right boss. i am also in trading since 10 years now. in starting i was finding holly grill system but its not. then finally focused on price action and demand supply which is real base of market. trading is probability game, trade with 50:50 probability and at least 1:2 risk reward that's it.
  • #124
  • Sep 18, 2019 1:13am Sep 18, 2019 1:13am
Quoting Aussi
{quote} i have noted that even if a good trader posted hi 3 years earnings people like fxgammer would ask for 5 years ot 10 years , not only that even when a good trader explains his system they would look at it for 5 mins and move on with out trying it we all know the reason why its called greed
Yo,
do you know me?!
How come you say I would ask for x years...
I agree with the thread starter, that 3 years seems to be a period where you can clearly say whether someone is successful and will stay being successful in trading or not.
You don't agree?!
You do not agree with OPs argument, that there always can be trending years, in which even the most simple systems are sufficient,while they miserably fail during ranging periods...?
You, I assume as experienced trader, should know that...
How do you consider how we can find out, which system is profitable throughout years, and which not..?!
And what is your advice for beginners, to find the right system (thread, teacher), without knowing some stable long term results beforehand...
  • #125
  • Sep 18, 2019 1:19am Sep 18, 2019 1:19am
Quoting Fx-Gamer
{quote} Yo, do you know me?! How come you say I would ask for x years... I agree with the thread starter, that 3 years seems to be a period where you can clearly say whether someone is successful and will stay being successful in trading or not. You don't agree?! You do not agree with OPs argument, that there always can be trending years, in which even the most simple systems at sufficient,while they miserably fail during ranging periods. So, you as I assume experienced trader, has to know that... How do you consider how we can find out, which system...
i understand what you are asking but why does it have to be a system , please go read the first post on my thread every body has looked for the holygrail of trading
people leave, but this thread will go on for ever
  • #126
  • Sep 18, 2019 4:36am Sep 18, 2019 4:36am
Quoting cisco92111
I have been practicing trading for for over 10 years now and at first i started looking for a magical set of indicators that would tell me when to buy or sell, then i started looking into price action, and finally including Supply and Demand Trading methodology, which is the best way to trade since its fundamentally what moves the market (buyers and sellers) not indicators. I have started seeing results this year after applying what i learn to higher time frames instead of focusing on 1 to 15 min charts now i look at 4 hour and daily , sometimes...
In theory the negotiation between buyers and sellers moves the market prices. However in trading (forex and other) it is not the case but it is manipulation.
  • #127
  • Sep 18, 2019 4:38am Sep 18, 2019 4:38am
Quoting Pumi
{quote} 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?
Hi,
the lessons I learned from not being profitable at scalping are, that you a) should learn (read) high quality threads/teachings, that professional traders agree with (contribute) and b) not waste time on 90 percent of the low quality threads, gurus...
This is why I learned 1h/4h trading; cause this are the tfs, most advanced traders teach and are profitable in, as I learned.
If you now can tell or find me a high quality scalping thread, book, video series etc. I'd be highly thankful, as I struggled to find one (One day you simply have to cut your research and find strategies, that work, because losing/winning money like a yo-yo doesn't make sense).
Again: Does that teacher shares account statements, signals or at least trading pics (that are based on his strategies), through a constant time?! -
Otherwise you could spent much time on claimings, that aren't serious.
  • #128
  • Sep 18, 2019 5:04am Sep 18, 2019 5:04am
Quoting Pumi
{quote} In theory the negotiation between buyers and sellers moves the market prices. However in trading (forex and other) it is not the case but it is manipulation.
Market maker manipulation doesn't account for all price movement. What do you think the BoE were fighting on Black Wednesday?
Hypocrite lecteur, mon semblable, mon frere!
  • #129
  • Sep 18, 2019 5:23am Sep 18, 2019 5:23am
Quoting v2vboni
{quote} Based on my experience (5 years) ...no methodology, strategy or a system works in every instance . . . I have never seen anything so consistent either” ─just like what I am using personally... That, I even shared here at FF but it won't gain traction as it depends on the level of understanding from trader-to-trader. Meaning, too difficult to process with a KISS trader mindset ; )─ ...Hence, it will end up just my own system and no one else. And that's perfectly fine to me. ; )─

I join in as he described it.
Strategy does not exist.
All who live here really know that you are 10 points up front.
You think I'm super take this win not with (greed), 10 minutes later, all gone and 10 points minus.
That's the reality
It raises the question what expectations do you have
sorry for my english
  • #130
  • Sep 18, 2019 5:57am Sep 18, 2019 5:57am
Good thread. In fact, traders do not only trade 1 account only in a long time. They also do not just trade on 1 broker. That's why it hards to show you over 3 year history accounts, instead those want to be signal providers.
In real world (for retail traders), drawdown is not anything. Instead of keeping the acccounts under 10% DD, they will trade full account that only 10% deposit and accept 100% DD. If one account is burned, that is no problem, deposit again 10% total capital.
It is very silly that depositing 100k into trading account and using 10% capital only. 90k in the broker is not safe. In a flash crash, your stoploss is not guaranteed and you may lose excess your capital.
  • #131
  • Sep 18, 2019 6:29am Sep 18, 2019 6:29am
Quoting chithanh_85
Good thread. In fact, traders do not only trade 1 account only in a long time. They also do not just trade on 1 broker. That's why it hards to show you over 3 year history accounts, instead those want to be signal providers. In real world (for retail traders), drawdown is not anything. Instead of keeping the acccounts under 10% DD, they will trade full account that only 10% deposit and accept 100% DD. If one account is burned, that is no problem, deposit again 10% total capital. It is very silly that depositing 100k into trading account and using...
having 10k over 100k in an account is not going to protect you. whatever negative equity is applied following a flash crash will still be owed to the broker. with a 10k account you will also be using higher leverage so losses will be equal to you having a bigger account.
  • #132
  • Sep 18, 2019 7:51am Sep 18, 2019 7:51am
Quoting tropical_g
{quote} having 10k over 100k in an account is not going to protect you. whatever negative equity is applied following a flash crash will still be owed to the broker. with a 10k account you will also be using higher leverage so losses will be equal to you having a bigger account.
I dont think that is true. Is that based on your personal experience or you were just hearing from other people?

It does not make sense if during a flash crash, your 10k account will be in debt of 100k. And would you be willing to pay the amount owed? I dont think anyone will do that especially if you are using an australian/offshore broker. You think the brokers will issue you a lawyer letter half way over the world to chase your mere 100k? And if you don't pay, will they sue you for bankruptcy?
  • #133
  • Sep 18, 2019 8:11am Sep 18, 2019 8:11am
Quoting CrocodileRex
{quote} I dont think that is true. Is that based on your personal experience or you were just hearing from other people? It does not make sense if during a flash crash, your 10k account will be in debt of 100k. And would you be willing to pay the amount owed? I dont think anyone will do that especially if you are using an australian/offshore broker. You think the brokers will issue you a lawyer letter half way over the world to chase your mere 100k? And if you don't pay, will they sue you for bankruptcy?

ESMA rules : no negative balance
Improve yourself every single day
  • #134
  • Sep 18, 2019 8:29am Sep 18, 2019 8:29am
Quoting CrocodileRex
{quote} I dont think that is true. Is that based on your personal experience or you were just hearing from other people? It does not make sense if during a flash crash, your 10k account will be in debt of 100k. And would you be willing to pay the amount owed? I dont think anyone will do that especially if you are using an australian/offshore broker. You think the brokers will issue you a lawyer letter half way over the world to chase your mere 100k? And if you don't pay, will they sue you for bankruptcy?
what do you think happened to leveraged traders during the Swiss Bank event where they removed the peg? I personally know a trader with a 10k account at the time owing them 86k after it happened. there was no liquidity to fill any orders. it isn't about being willing to pay either, you sign a contract with the broker and you are obligated to pay it back. they have legal recourse to persue it as well.
  • #135
  • Edited 1:46pm Sep 18, 2019 8:51am | Edited 1:46pm
For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! When I say 3 years I am talking about something like 5 to 10 hours a day!!! In a way, I've wasted 3 years of my dear life that God has given to me. I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories. I have tested hundreds of different strategies (both maniacal and manual).

3yrs is too small a time to conclude that consistent profit in Forex is impossible. I have been on this for several years. I gave up some years back but came back looking at behavioural pattern of price [i tag it repetition]. I am thanking God today. Though not rich but I am no longer blowing up account
  • #136
  • Sep 18, 2019 12:23pm Sep 18, 2019 12:23pm
Quoting tropical_g
{quote} what do you think happened to leveraged traders during the Swiss Bank event where they removed the peg? I personally know a trader with a 10k account at the time owing them 86k after it happened. there was no liquidity to fill any orders. it isn't about being willing to pay either, you sign a contract with the broker and you are obligated to pay it back. they have legal recourse to persue it as well.
Since ESMA this has changed... In EU regulated brokers there is Negative Balance Protection, if there is no liquidity to fill the order it is on the broker.
Also, on the Swiss thing, i was part of a skype group from Alpari traders that either went negative or whom had money stuck in the broker after it went belly up. There were a few guys there really into negative territory. A couple of them 6 figures negative! They received a couple of letters demanding payment but that was it. Just threats and after sometime they gave up as KPMG (the administrator) had to finalise the case and wind down the company so no time to chase people on courts. BUT if that happens to a broker that doesn't go bankrupt and without ESMA, they are likely to chase you for the money. Even across borders, they hire collection agents in the clients country.
  • #137
  • Sep 18, 2019 12:48pm Sep 18, 2019 12:48pm
Quoting papamax
{quote} Since ESMA this has changed... In EU regulated brokers there is Negative Balance Protection, if there is no liquidity to fill the order it is on the broker. Also, on the Swiss thing, i was part of a skype group from Alpari traders that either went negative or whom had money stuck in the broker after it went belly up. There were a few guys there really into negative territory. A couple of them 6 figures negative! They received a couple of letters demanding payment but that was it. Just threats and after sometime they gave up as KPMG (the...

Yeah I know someone too .... Owed 300k but didn't pay but his might not be snb.....
Improve yourself every single day
  • #138
  • Edited 6:51pm Sep 18, 2019 1:56pm | Edited 6:51pm
Quoting papamax
{quote} Since ESMA this has changed... In EU regulated brokers there is Negative Balance Protection, if there is no liquidity to fill the order it is on the broker. Also, on the Swiss thing, i was part of a skype group from Alpari traders that either went negative or whom had money stuck in the broker after it went belly up. There were a few guys there really into negative territory. A couple of them 6 figures negative! They received a couple of letters demanding payment but that was it. Just threats and after sometime they gave up as KPMG (the...

This is a serious problem that people with high leverage should really consider... negative balance.

In any case, the last thing you want is to make people feel guilty or stupid. take it as a friendly advice, been there with 500 leverage too.
  • #139
  • Sep 18, 2019 2:10pm Sep 18, 2019 2:10pm
Quoting papamax
{quote} Since ESMA this has changed... In EU regulated brokers there is Negative Balance Protection, if there is no liquidity to fill the order it is on the broker. Also, on the Swiss thing, i was part of a skype group from Alpari traders that either went negative or whom had money stuck in the broker after it went belly up. There were a few guys there really into negative territory. A couple of them 6 figures negative! They received a couple of letters demanding payment but that was it. Just threats and after sometime they gave up as KPMG (the...
totally agree with what you say and in fact the trader I know wasn't perused for money by the administrator for the same reason you stated. I trade out the eu but classified as a professional trader and excluded from negative balance so those rules don't apply to me if I was unlucky enough to have a trade open through a scenario like the SNB. So different rules and benefits for different people.
  • #140
  • Sep 18, 2019 2:17pm Sep 18, 2019 2:17pm
I dont know if my system its into your succesfull trdaing system parameters.. but I developed this.. close to 500% in one year
https://www.myfxbook.com/members/olimpia/relax/3487712
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