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has anyone EVER seen a successful trader/trading system?

  • #141
  • Sep 18, 2019 3:14pm Sep 18, 2019 3:14pm
I have to agree here I trade in the US on 50:1 leverage, but still I must keep a lot of my money with the broker in order to trade which really sucks. Flash crashes do happen and there will be more that's what really scares me. I personally think if regulators lower leverage then EVERYONE should have negative balance protection even in the US. I must admit I am very jealous of the Eurozone with their negative balance protection.
  • #142
  • Sep 19, 2019 12:18am Sep 19, 2019 12:18am
Quoting sp33dr4ge
I have to agree here I trade in the US on 50:1 leverage, but still I must keep a lot of my money with the broker in order to trade which really sucks. Flash crashes do happen and there will be more that's what really scares me. I personally think if regulators lower leverage then EVERYONE should have negative balance protection even in the US. I must admit I am very jealous of the Eurozone with their negative balance protection.
Don't be jealous... we have protection, you have trump!!!
Fair deal
Necessity knows no law except to conquer
  • #143
  • Sep 19, 2019 12:49am Sep 19, 2019 12:49am
Here are my results so far

http://www.myfxbook.com/members/laur...wOkBdrGveOOs4N

I don't have data for 3 years but I am trading for about 3 years. But almost i have 1 year data. With backtesting, I also had great results for more than 3 years.

https://ct.icmarkets.com/copy/strategy/3063
  • #144
  • Sep 19, 2019 1:56am Sep 19, 2019 1:56am
Joseph, did you find the answer you were seeking for in this thread?
if yes, good
if no, just send me an email. I may be able to help you.

edit: I wrote my email but FF guys deleted it. I don't know if they leave any option for you to send me a private message.
{ email address deleted by staff }
  • #145
  • Sep 19, 2019 2:41am Sep 19, 2019 2:41am
https://www.forexfactory.com/trades.php

This has disproved your theory
  • #146
  • Sep 19, 2019 3:31am Sep 19, 2019 3:31am
Quoting GreenCa
https://www.forexfactory.com/trades.php This has disproved your theory
Nope. You have to think deeper. Study more.
These results are completely random and perfectly positioned within the standard model of the normal distribution. There is absolutely nothing extraordinary in their statistics. The top leaders are simply lucky outliers, and their success is only temporary and sooner or later their accounts will go to zero, unless they stop trading at some predetermined max drawdown level.
  • #147
  • Edited 10:28am Sep 19, 2019 5:13am | Edited 10:28am
Quoting RickM
{quote} 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.
Hi Rick,

safety valve ..
HOW CAN WE RELEASE THE PRESSURE AND REMAIN PROFITABLE yes I believe it's possible..

Here is a dumb martingale that would crash in no time if not for a few added features.
It's not a martingale anymore..
Testing the following:
1) Goes forever? - how many weeks, years ? long term good data to test with is a problem
2) Minimizing the points of failure that result in too much DD
3) optimizing the account run ups + use the DD as an opportunity


Attached Image (click to enlarge)
Click to Enlarge Name: 2019-09-19_07h59_34.png Size: 19 KB


I am playing with this but I might as well play with finding a long lasting perpetual motion machine (eventually it will stop)
  • #148
  • Sep 19, 2019 11:00am Sep 19, 2019 11:00am
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...
One of my live accounts http://www.myfxbook.com/members/FMZ_...z-ea-l/2463029
and backtest of the system
Inserted Video


Trades from backtests match the trades from live trading
  • #149
  • Sep 19, 2019 11:28am Sep 19, 2019 11:28am
Quoting Laurentg
Here are my results so far http://www.myfxbook.com/members/laur...wOkBdrGveOOs4N I don't have data for 3 years but I am trading for about 3 years. But almost i have 1 year data. With backtesting, I also had great results for more than 3 years. https://ct.icmarkets.com/copy/strategy/3063

How can you have 1:500 leverage for a 500 EUR account? WTF...

I can not find a broker that offers more than 1:30 ...
  • #150
  • Sep 19, 2019 2:25pm Sep 19, 2019 2:25pm
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...
No one is making money long term in retail forex
It's all half lived half lied at best
And should not be taken seriously It's entertainment like going to the casino
  • #151
  • Sep 19, 2019 6:17pm Sep 19, 2019 6:17pm
Quoting Mingary
{quote} No one is making money long term in retail forex It's all half lived half lied at best And should not be taken seriously It's entertainment like going to the casino
  • #152
  • Sep 19, 2019 6:21pm Sep 19, 2019 6:21pm
Quoting NrSLionHeart
{quote} How can you have 1:500 leverage for a 500 EUR account? WTF... I can not find a broker that offers more than 1:30 ...

There are dozens of brokers offering more than 1:30... they are just not on the EU! And no EU laws will protect you there, who needs the government as babysitter anyways! Australian Regulated brokers are very good options...
  • #153
  • Sep 19, 2019 8:03pm Sep 19, 2019 8:03pm
Quoting Fx-Gamer
{quote} 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...
many do if you open them eyes
people leave, but this thread will go on for ever
  • #154
  • Sep 19, 2019 8:04pm Sep 19, 2019 8:04pm
Quoting Mingary
{quote} No one is making money long term in retail forex It's all half lived half lied at best And should not be taken seriously It's entertainment like going to the casino
people leave, but this thread will go on for ever
  • #155
  • Sep 19, 2019 8:28pm Sep 19, 2019 8:28pm
This has to be one of the funniest threads on FF.

On the one hand there are those that quote endless stats on why it is impossible to win with FX. I cannot imagine why one would troll the net looking for all this negative stuff to support an argument. 'Get a life' comes to mind here. Trading is not for everybody, there are no qualifications required relating to intelligence. No amount of study will help if you study the wrong stuff and the chance of finding the right stuff is slim. It takes years to get rid of the rubbish you can collect in minutes.

On the other hand we have those that are successful in their own way and feel compelled somehow to impress on others that there really is light at the end of the tunnel. Really all they need say is 'I'm profitable' and leave it at that because the negatives will always say no. Profitable people don't have to prove a thing, it is there own private matter and it is their choice to elect to show others what they do.

We do also I believe have a third side to this argument and that is the delusional. Make no mistake this is an industry fraught with liars, cheats and freaks. The bookshelves are full of them, systems are sold by the millions and there are those affiliate programs all of which can be done by people who have never bought a lot in their life.

So thanks for the amusement guys, keep it up.
  • #156
  • Sep 19, 2019 9:01pm Sep 19, 2019 9:01pm
Quoting Nala66
This has to be one of the funniest threads on FF...So thanks for the amusement guys, keep it up.
This brought to mind what an uncle told me many years ago. He had been a navy intelligence officer inside China during the early part of WW2. Candidates for that job were required to have completed 2 years of college--no more, no less. Completing 2 years showed the officer was smart enough to get the job done. Completing 4 years showed the officer was too smart--he would always be second-guessing himself and worrying about how things could go wrong instead of focusing on how to get the job done.

Perhaps this has some relevance to the thread.
  • #157
  • Sep 19, 2019 10:29pm Sep 19, 2019 10:29pm
Quoting Nala66
I cannot imagine why one would troll the net looking for all this negative stuff to support an argument
Perhaps it's a coping mechanism to simply avoid admitting that they failed at trading
  • #158
  • Sep 19, 2019 10:49pm Sep 19, 2019 10:49pm
Quoting timingchain
{quote} This brought to mind what an uncle told me many years ago. He had been a navy intelligence officer inside China during the early part of WW2. Candidates for that job were required to have completed 2 years of college--no more, no less. Completing 2 years showed the officer was smart enough to get the job done. Completing 4 years showed the officer was too smart--he would always be second-guessing himself and worrying about how things could go wrong instead of focusing on how to get the job done. Perhaps this has some relevance to the thread....
Reminds me of a story here in OZ where a chap was under qualified after emigrating here. He had to attend Uni to fill the gap in his education.

The tutor caught him falling asleep and not reading the textbook. 'Is it too much for you to read the book' enquired the tutor'. Well not really replied the student, it was much more trouble for me to write it!
  • #159
  • Sep 19, 2019 11:26pm Sep 19, 2019 11:26pm
There is one thing that no one touches here: below a certain IQ the potential trader stands no chance to make a profit? What is IQ as currently measured? It is pattern recognition, which guess what? - it is exactly what you need to make some mo' in this industry. I do not have a definitive figure for this but considering that based on what you say 99% of traders do not make money I assume that you must be in the first 1% - which means that you need to have an IQ higher than 136 or something...
  • #160
  • Sep 20, 2019 12:01am Sep 20, 2019 12:01am
Quoting NrSLionHeart
There is one thing that no one touches here: below a certain IQ the potential trader stands no chance to make a profit? What is IQ as currently measured? It is pattern recognition, which guess what? - it is exactly what you need to make some mo' in this industry. I do not have a definitive figure for this but considering that based on what you say 99% of traders do not make money I assume that you must be in the first 1% - which means that you need to have an IQ higher than 136 or something...
Well that rules me out, I just must be lucky to make money every singe session.
But seriously there is a simple method. It’s called trial and error on a demo chart. Then you Trade live when you are profitable for three straight months. No money loss this way but traders are too dam impatient.
Trading thin liquidity at the boundary of the charts
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