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has anyone EVER seen a successful trader/trading system?

  • #201
  • Sep 21, 2019 10:34am Sep 21, 2019 10:34am
Quoting Casiopea
This guy I think he was a lawyer and changed his life into trading/analist. Started in May 2011 and still going on. I donīt know him or trying to spam, jusT bringing proof that there are profitable traders
Is there any proof there? All I see on the site is a graph. I'm dubious that people selling services like that are highly profitable from trading. I can't work out who pays for it mind you.
Hypocrite lecteur, mon semblable, mon frere!
  • #202
  • Sep 21, 2019 11:03am Sep 21, 2019 11:03am
Quoting tinnitus
{quote} Is there any proof there? All I see on the site is a graph. I'm dubious that people selling services like that are highly profitable from trading. I can't work out who pays for it mind you.
Donīt worry Iīm not in it.

You could be right, that may not be a full proof, but at least, on the left hand side baner you can see his monthly results. In grenn the positive ones and in red the negative ones. (June -837; August -547 points) If he gets bad results and makes them public...

I just found that if you click on each month shows you the trades that were done (openning time, direction and result) and the results.

As I said Iīm not doing spam or promoting him. Just to show?? that there are some profitable traders out there
  • #203
  • Sep 21, 2019 12:30pm Sep 21, 2019 12:30pm
Quoting BubaYaga
https://www.youtube.com/watch?v=KP5wvubJC14

https://www.theatlantic.com/business...arkets/381456/

I am really interested in his conversion of tick data into music. Any musicians have any idea how it can be done?
I am guessing one constant background continuous sound to represent trend. Then maybe different notes for up and down and maybe the pitch could represent candle length? IDK, I am no musician. Anyone?
  • #204
  • Edited 3:47pm Sep 21, 2019 2:29pm | Edited 3:47pm
Quoting Fx-Gamer
Hi josephcom, could you please post all accounts/trader profiles, that were recommended so far, in your first post?! Then we could see if it was worth to start this thread ; ) Btw new questions: Could anyone recommend a profitable EA signal, that is older than 3 months?! Thx
https://www.forexfactory.com/showthr...=948113&page=3
If you can't measure it, you can't improve it!
  • #205
  • Sep 21, 2019 2:53pm Sep 21, 2019 2:53pm
I don't want to brag... but i want to just show people anything is possible... check my explorer... 3 weeks 2k-21k done.... i don't use any indicators... or strategy... only pure price action at the moment on the hourly candle... btw i trade from mobile coz i have a full-time time consuming job(software developer).... there is no holy grail... nobody can teach you how to make millions... its on you to define your path....

and nobody is bound to show there success in order to satisfy some people. I don't care what people thinks i get cash in my acc that whats matters.

Why i am writing this first ever long post of my life... go define your own success rather than finding and looking into someone else....

i know guys who make millions annually.:. E.g my boss he made 18 million last year in profits... he don't flaunt success rather than just enjoys it...
Extreme gut feeling trader
  • #206
  • Sep 21, 2019 3:06pm Sep 21, 2019 3:06pm
Quoting BubaYaga
{quote} I am willing to wager a Norwegian rat would out trade 95 percent of people here on Forex Factory. I don't mean that sound like a dick. but study's have been conducted and shown rats are better at finding an edge in seemingly random circumstances than humans. People who are confused and enraged by the seemingly randomness of the markets may not like this study and prefer to believe intellect is the answer. But I will tell you a trader is a special breed, IQ holds little bearing, if any. http://itre.cis.upenn.edu/~myl/langu...es/002700.html...
Thank you for your interesting link. I tend to see that experiment from a different angle and make an analogy with Forex.

That experiment was not the only time I had heard that when it comes to business and financial matters, "simple" people do much better than those with higher IQ. I myself have an IQ of 120 which is considered to be among the higher 10% of the community. But, as time goes on, I more and more come to appreciate the theory that IQ is dead (!) and it's EQ which matters. And when it comes to EQ, I'm really disappointing.

Back to analogy. The trick in that study, in my opinion, is the lights! The students could have done much better if they would have ignored them altogether. Those lights, in Forex market, are candlestick patterns, indicators, Gartely patterns and even fundamental analysis etc.

I believe, if any, the way to success has to be looked for in a whole new territory. I have done a lot of extensive researches and so far, I have found that Reward/Risk draws a line between success and failure. BUT what this means is a long long story and I'm not going to fill anyone's brain with incomplete information. I am still working on it.

In short, all I can say, is avoid the lights!
If you can't measure it, you can't improve it!
  • #207
  • Sep 21, 2019 3:20pm Sep 21, 2019 3:20pm
Quoting josephcom
{quote} That's the only question worth asking so far. The answer is no because I've not seen any yet! Only a chain of words!
you are so ignorant, that didnt even bother to read the replies on your own thread.
here:
https://www.forexfactory.com/showthr...=948113&page=3
you were answered.
open that darwinex link.
i got tired to count further than 30 different, profitable, 3+ years old trading accounts, but there was certainly more.

whining wont take you anywhere!
there is always, always another trade!!
  • #208
  • Sep 21, 2019 3:29pm Sep 21, 2019 3:29pm
Quoting BubaYaga
https://www.youtube.com/watch?v=KP5wvubJC14
Interesting! BUT, then again, that experiment at the very least proves the randomness of Forex. And again, it proves my theory that,i an absolutely random market, the failure starts at the very moment you begin to find patterns.

If any, a successful approach lies in something else. Anything but indicators, patterns etc.
If you can't measure it, you can't improve it!
  • #209
  • Edited 3:53pm Sep 21, 2019 3:39pm | Edited 3:53pm
Quoting profitfarmer
{quote} you are so ignorant, that didnt even bother to read the replies on your own thread. here: https://www.forexfactory.com/showthr...=948113&page=3 you were answered. open that darwinex link. i got tired to count further than 30 different, profitable, 3+ years old trading accounts, but there was certainly more. whining wont take you anywhere!
Thank you for reminding me. Actually I am so busy these days; which is why I keep forgetting to read some answers (you would easily guess busy doing what!).

I must admit, thanks to you and other members who sent me PMs, I would no longer back up my claim. Despite this, I believe I should let this thread go on as it contains good information for a lot of people out there who are actively looking to find their way out of the maze.

Once again, thank you for reminding me to correct my first post
If you can't measure it, you can't improve it!
  • #210
  • Sep 21, 2019 5:03pm Sep 21, 2019 5:03pm
Everyone is "busy"... that's the most basic excuse that shows that you're far far away from making it in trading, its your mindset that's not ready... you asked a question, you should be devouring each and every answer to the detail, that would be the attitude of a someone who's committed... you're not committed, you're not at that point yet... you're too busy to read your own thread, so you "don't have time" for trading successfully... maybe you should come back to it when you're not so "busy"... imho.
  • #211
  • Sep 21, 2019 5:16pm Sep 21, 2019 5:16pm
https://www.youtube.com/user/InnerCircleTrader/videos

study price action, market seeks liquidity, indicators don't work
  • #212
  • Sep 21, 2019 5:29pm Sep 21, 2019 5:29pm
I have a few strategies (context + tactics, highly adaptable) that would make me a succesful retail trader in the long run, if:

1. I could automate them so that I don't need to wake up at night when a signal is triggered;

2. I had enough starting money so I could be a full-time trader and trade a lot (an account with 1 million USD cash, aiming for a 30-35% or even 50% yearly profit would be ok);

However, running a 20.000 USD account for a 35% profit, considering how much time is involved, considering that I can make more money in other business than trading, is just not for me.

I think many retail traders out there could be successful in the long run. They just don't have the proper money to do that while supporting themselves at a decent level. In the end it's all about money and most people have limited time they can waste on "learning to trade".
  • #213
  • Sep 21, 2019 5:33pm Sep 21, 2019 5:33pm
Quoting josephcom
{quote} Interesting! BUT, then again, that experiment at the very least proves the randomness of Forex. And again, it proves my theory that,i an absolutely random market, the failure starts at the very moment you begin to find patterns. If any, a successful approach lies in something else. Anything but indicators, patterns etc.
No Joseph...forex market is not a random thing or randomness itself... You are wrong about that...moreover you have not define a term "random" or "randomness".
What is random or randomness in your theory?
Seems that an random event is something where we can't find/identify/determine the cause of some given event. But that still does not mean that this event is random or accidental? Only we are unable to find a right cause of that event... "Absolutely random" can be something what have and could be a "cause in itself". No more no less. That's God only...
And you think that forex market is "cause in itself". No it is not the case.
Imagine river who is flowing from source down the valley. Do you think that water in the middle of the river and far away from source, "remembers" the source any more? This is what we call in our colloquial language a "complexity". Forex market is complex but not random.
OK... forex market you can't master only with a pure logic, because it is not logical all the times. Also there are significant errors in our logical way of making conclusions....
It is a common belief that all people with the ring on their fingers are married... Who can believe in this many times wrong conclusion?
Or....
It is raining (1st premise)
Streets are wet (2nd premise)
-----------------------------------
Always when is raining, streets are wet (Conclusion)

Who can believe in our so beautiful and beloved logic Joseph? Can the streets be wet without rain?
So..how we can escape from this cognitive trap?

If you want to use randomness in order to prove that profitable trading in forex is impossible - you are wrong. Even if the forex market is random, we can trade them profitably. But it is not random.... because it is not a cause of itself. There are forces behind the price movement in time. We can discover those forces and trade the market profitably, as many here are doing for a decades... For that purpose we have to learn a lot. To become a good plumber, nurse, soccer player or engineer, it is needed some time to train and refine your skills. Why anybody think that mastering the forex trading have to be in a two weeks?
If someone is not an profitable trader - please what that has to do with randomness? That is a sort of new era myth. " I am loosing money on forex because this market is a dark random thing", someone will say so. No it is not. People are loosing money because of a some other reasons which have nothing to do with "randomness" of market.
  • #214
  • Sep 21, 2019 6:05pm Sep 21, 2019 6:05pm
Quoting majorpairs
https://www.youtube.com/user/InnerCircleTrader/videos study price action, market seeks liquidity, indicators don't work
Have you watched this channel yourself? Is it legit?
  • #215
  • Edited 6:32pm Sep 21, 2019 6:21pm | Edited 6:32pm
Quoting 7thTorch
{quote} moreover you have not define a term "random" or "randomness".
Random means the probability of going 1 unit upwards is the same as the probability of going 1 unit downwards. Actually a lot of traders tell me they know a certain pattern with, say, 60% of success probability. OK, I wouldn't disagree. BUT lest talk it in a bit more details:

Lets say, when we see a bullish hammer, the probability of going upwards is 60%. BUT the next question is where you wanna put your SL? Let's say below the hammer itself. OK, now we have defined our entry, SL and, as a result, the risk. OK, next question, where's your TP? If you set it the same size of your risk (Reward/Risk = 1), then you'll find out a lot of time the chart goes up, and then turns back before hitting the TP. Which means in 60% of the time it actually goes up (hence the probability of 60%), but only in 50% of the times it hits the TP.

You might say OK, I'll set the TP at a distance twice my risk. Then guess what, 50% of the time it goes up, passes the Reward/Risk=1 level and before hitting the new TP (Reward/Risk=2), returns back to hit you SL.

Don't fall for the probabilities that are stated to describe how accurate a system or pattern is. Sadly, although they are right, how much they go in your favourite direction is a different story which makes their actual success rate close to 50%.

Any method that can address this challenge would be the way out of Forex maze

Hope I've managed to explain my point...
If you can't measure it, you can't improve it!
  • #216
  • Sep 21, 2019 6:30pm Sep 21, 2019 6:30pm
Quoting majorpairs
https://www.youtube.com/user/InnerCircleTrader/videos study price action, market seeks liquidity, indicators don't work
I don't use indicators mate, and Price Action is my number one favourite. Thanks for your contribution anyways; subscribed to the channel
If you can't measure it, you can't improve it!
  • #217
  • Sep 21, 2019 6:52pm Sep 21, 2019 6:52pm
WELL THANK GOD ITS THE WEEKEND , or some of you guys and gals would go broke , after reading the posts this is my take , people trying to ""over complicate trading" thats the problem to much thinking not enough trading , they convince them selves that a trade is not their for what ever reason they have , i have seen all the excuses on threads why people do not trade , like i only trade on thursday because the cat meowed , i asked one trader who was complaining hes losing how many pairs does he trade 16 he said i rest my case see over complicating trading, hes concentrating on 16 pairs , there is many reasons , even some people learning have 10 pairs , thats my rant for sunday
people leave, but this thread will go on for ever
  • #218
  • Sep 21, 2019 6:55pm Sep 21, 2019 6:55pm
people leave, but this thread will go on for ever
  • #219
  • Sep 21, 2019 8:13pm Sep 21, 2019 8:13pm
Quoting Aussi
WELL THANK GOD ITS THE WEEKEND , or some of you guys and gals would go broke , after reading the posts this is my take , people trying to ""over complicate trading" thats the problem to much thinking not enough trading , they convince them selves that a trade is not their for what ever reason they have , i have seen all the excuses on threads why people do not trade , like i only trade on thursday because the cat meowed , i asked one trader who was complaining hes losing how many pairs does he trade 16 he said i rest my case see over complicating...
i agree Aussi, keep it simple. When you are profitable trading one pair with no indicators you are half way there. Patience, persistence, determination, practice, practice. Slowly add another pair and so on. Its a skill and takes many hours of practice but once you got it you have it for life.
  • #220
  • Sep 21, 2019 10:45pm Sep 21, 2019 10:45pm
Quoting Aussi
{quote} when you find one ea that can win 90% of the time i will be easily convinced mate
Hi Aussi

I am a Manual trader first and a EA Developer second. I do have very high standards for by manual trading results and I work very hard at increasing my trading stats year by year. Ask me five years ago, I would of been happy with 75% trading manually.
Today I am pissed off if I don't achieve 90% plus result every week including no losing trading sessions.

When you know you know

Cheers Rick
Trading thin liquidity at the boundary of the charts
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