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has anyone EVER seen a successful trader/trading system?

  • #421
  • Edited Oct 9, 2019 1:52am Oct 2, 2019 8:22pm | Edited Oct 9, 2019 1:52am
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...
Hello Dear,
yes there are many Successful Systems out there but who ever has it they never share i promise you that,
i am trading from long time longer then 10 years to be honest but it took me 3 Years to Learn by my Self,
because all those courses onlne are just waste of time, trust me 9 years before i tried many and faled then start developing my own and after 16-18 hours a day for 3 long years i finally succeeded.
and here is the proof i started wth 3,000$ and made it to 72,000$ in 3 years 8 months. in LIVE account with OANDA broker where leverage is 50:1 and no Hedging allowed, + FIFO rule etc. as you may know OANDA is USA broker that means a lot of Restrictions.
{ information deleted by staff, per membership policy } i am not saying i am great but yes i have done well because 3 years is a long time to make Constant profit every month,
i am not even sure that in forexfactory there is anyone who can show me live account statement of 2 years, because to be Successful in Long term is never easy many 80%+ traders loose their whole Invested money in forex under 6 months.
even f you can manage to make 10% every month that is 120% per year which is much better then best Hedge Funds managing Billions of Dollars cannot make more then 20-30% per year.
anyways have a good Luck Mate.
Don't compare your Trades with Others
  • #422
  • Oct 3, 2019 2:04am Oct 3, 2019 2:04am
Quoting GEfx
{quote} This is just beyond stupid. So, you open an account with, say, $5000. Because you, Mingary, are completely incompetent and dumb, you will need to send $5,000, plus expenses of maybe 15% or $750, to some insurance company, so they can cover your losses, or maybe send your poor wife money to cover your losses, or maybe your mortgage company or a innocent neighbor. In your sharp-as-a-tack mind, it now will cost you, up front, $10,750, to trade $5000, and after you crash that $5,000, account, you'll get your $5,000 back. Your loss grows from...
Yes, something like that: "or maybe send your poor wife money to cover your losses, or maybe your mortgage company or a innocent neighbor."
But it's not about covering the losses. It's not about getting any money back. It's about protecting a third party and certainly not about protecting the trader.
  • #423
  • Oct 3, 2019 2:10am Oct 3, 2019 2:10am
Quoting papamax
{quote} You are mistaken in both cases... Car insurances will NOT cover your injuries or damages to your car or property (nor pay your wife or kids) if you cause an accident while drunk... It will cover third parties whom had nothing to do with your stupid acts but not you And Life insurance is the same thing... If you die in a rock climbing accident you will not be covered (unless you had specific cover for that) without proper safety equipment forget it, lost cause.. If you commit suicide they won't pay up either... But hey, why not, give it a...
Car insurances will NOT cover your injuries or damages to your car or property (nor pay your wife or kids) if you cause an accident while drunk... It will cover third parties whom had nothing to do with your stupid acts but not you
==> yes, that is the point

And Life insurance is the same thing... If you die in a rock climbing accident you will not be covered 1) (unless you had specific cover for that) without proper safety equipment forget it, lost cause.. 2) If you commit suicide they won't pay up either...
==> 1) yes, that is the point.
==> 2) most insurance will cover suicide after a cooling off period, usually 2 years.
  • #424
  • Oct 3, 2019 2:53am Oct 3, 2019 2:53am
Quoting DubaiFX
{quote} Hello Dear, yes there are many Successful Systems out there but who ever has it they never share i promise you that, i am trading from long time longer then 10 years to be honest but it took me 3 Years to Learn by my Self, because all those courses onlne are just waste of time, trust me 9 years before i tried many and faled then start developing my own and after 16-18 hours a day for 3 long years i finally succeeded. and here is the proof i started wth 3,000$ and made it to 72,000$ in 3 years 8 months. in LIVE account with OANDA broker where...
why do a smell the scam? Well this is nothing new. The world is full of wonderful people.
When you see it, BET big.
  • #425
  • Oct 3, 2019 4:36am Oct 3, 2019 4:36am
Quoting Mingary
{quote} Car insurances will NOT cover your injuries or damages to your car or property (nor pay your wife or kids) if you cause an accident while drunk... It will cover third parties whom had nothing to do with your stupid acts but not you ==> yes, that is the point And Life insurance is the same thing... If you die in a rock climbing accident you will not be covered 1) (unless you had specific cover for that) without proper safety equipment forget it, lost cause.. 2) If you commit suicide they won't pay up either... ==> 1) yes, that is the point....
I rest my case! Good luck in life...
  • #426
  • Oct 3, 2019 6:14am Oct 3, 2019 6:14am
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...
By trading system, do you mean technical or fundamental. Yes i've seen some has been a successful in trading system. i'am afraid some one will accuse me advertising purposes.
  • #427
  • Oct 3, 2019 9:51am Oct 3, 2019 9:51am
Quoting Mingary
{quote} Yes, something like that: "or maybe send your poor wife money to cover your losses, or maybe your mortgage company or a innocent neighbor." But it's not about covering the losses. It's not about getting any money back. It's about protecting a third party and certainly not about protecting the trader.
Like I said, beyond stupid. I'm sorry for the people around you that have been damaged by your selfish, irresponsible behavior. You are not, however, beyond redemption. Stop posting your bullshit on FF, get a job, and pay back those who suffered after your failure.
  • #428
  • Oct 3, 2019 10:40am Oct 3, 2019 10:40am
I've been told most simple strategies are profitable and work out in the long term.. but retails trader (us) tend to not follow the rules. consistently.
  • #429
  • Oct 3, 2019 11:09am Oct 3, 2019 11:09am
Quoting michisuperfr
Here you can find for example some performances over 3+ years https://www.darwinex.com/all-darwins {image}
Hello people,

I believe the secret to a strategy study is to look at what was employed in 2013 with 50.58%
and 2016 amazing 71.59%.

I am a beginner and I am studying the market to learn to trade with minimal loss.

Any tips or advice, even a debate about it.

I will be available
  • #430
  • Oct 3, 2019 11:11am Oct 3, 2019 11:11am
Quoting Coughz
I've been told most simple strategies are profitable and work out in the long term.. but retails trader (us) tend to not follow the rules. consistently.
Yeah, it's not easy. There is something called time in drawdown. What I found is that, the strategies that work also tend to spend the majority of their time in drawdown. For short term strategies because of the added burden of commissions. Can be as high as 90+%. You basically losing almost all the time, you really need a strong belly to handle that. For anyone thinking of making a living in the markets, I say don't. That's why i speak so strongly, it's not because i dont think it's possible. I just think when you start out with that premise, you have already lost. You need to review performance on atleast a monthly basis for a short term trader and you wont make money every month I can assure of that. You need to be able to trade sometimes more than 100 trades and breaking even. This is very challenging, most switch around this time and look for a better system which doesn't exist. So be careful with all the adverts on the net, this ain't easy to do.
When you see it, BET big.
  • #431
  • Oct 3, 2019 11:13am Oct 3, 2019 11:13am
There is about 1% of retail traders making a living on this.
Some are here in fxfactory, this an awesome place to learn and share ideas.

If you looking for the holy grail non stop and sweat tears and blood fighting the dragon of self, yes you'll find it.
  • #432
  • Oct 3, 2019 11:35am Oct 3, 2019 11:35am
Quoting MackS10
There is about 1% of retail traders making a living on this. Some are here in fxfactory, this an awesome place to learn and share ideas. If you looking for the holy grail non stop and sweat tears and blood fighting the dragon of self, yes you'll find it.
How can you find something that doesn't exist.
When you see it, BET big.
  • #433
  • Oct 3, 2019 11:37am Oct 3, 2019 11:37am
You need to realize that you are competing. In a real business how much margin do you expect to make on every item you sell. But in forex you come and want 100, 200% margin. Be realistic, randomness in the market is actually alot more than you realize.
When you see it, BET big.
  • #434
  • Edited 11:17pm Oct 3, 2019 4:34pm | Edited 11:17pm
Quoting GEfx
{quote} Like I said, beyond stupid. I'm sorry for the people around you that have been damaged by your selfish, irresponsible behavior. You are not, however, beyond redemption. Stop posting your bullshit on FF, get a job, and pay back those who suffered after your failure.
I am doing very well thank you.

BTW. In some form this is the next ESMA / SEC rule. Anything that can prevent people from losing money or worse in this "glorified casino game" is a good thing
  • #435
  • Oct 3, 2019 5:08pm Oct 3, 2019 5:08pm
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...
Yes man, this is a system im happy to share worked well for me but these days i trade a different one which is not necessarily better, but this worked for me... the mind set was the key to seeing it through


https://www.forexfactory.com/showthread.php?t=666409

Inserted Video
Time hides Nothing
  • #436
  • Oct 3, 2019 6:38pm Oct 3, 2019 6:38pm
Quoting Rennaissance
{quote} You need to review performance on atleast a monthly basis for a short term trader and you wont make money every month I can assure of that.
This is bollocks!! I can assure you it can be done... But just like in everything, most people will fail! Most people who attempt to become good at anything fail.
Most people that attempt to become good at operating a business fail, most people that attempt to become a good tennis player fail (i mean good, not neighbourhood level), most people who attempt to become good mathematicians, most people who attempt to become good musicians fail.... and guess what? Most people who attempt to become a good trader also fail! It doesn't NOT mean it cannot be done! If you try to play tennis and you don't become Roger Federer, or Nadal, or a top 500 player it doesn't mean there aren't other people on those positions. There is nothing in life that is designed for everyone, to think or pretend that there is silly, different people have a tendency to become good in different things... Even language, which is the most basic natural thing for native speakers, there are people who speak well and correctly and there are people who are shit speakers... Some people learn 8 languages and others can barely learn one. With trading most people will fail, but it is no different than any other areas of life....
What is silly is to think you will read 2 threads in this forum, practice for 2 trading sessions and suddenly become successful.... This is a career, one that can make you more money than most others if you learn it properly, so don't expect it can be accomplished in 2 months... it takes years. No one expect to become a lawyer or a doctor or a dentist in a few months, why would you expect trading is different? Some people might grasp it quicker, others will never grasp it... just like everything else
  • #437
  • Oct 3, 2019 6:44pm Oct 3, 2019 6:44pm
Renko 5 pips bricks and patience and trade london and US markets london wait for 0930am GMT or later
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  • #438
  • Edited 4:36am Oct 4, 2019 1:50am | Edited 4:36am
Quoting papamax
{quote} This is bollocks!! I can assure you it can be done... But just like in everything, most people will fail! Most people who attempt to become good at anything fail. Most people that attempt to become good at operating a business fail, most people that attempt to become a good tennis player fail (i mean good, not neighbourhood level), most people who attempt to become good mathematicians, most people who attempt to become good musicians fail.... and guess what? Most people who attempt to become a good trader also fail! It doesn't NOT mean it...
You are confusing real jobs and real careers with a fantasy.
You can find Neuro Surgeons in the phone book and roger federer is real.
Please do show me real retail forex traders whose only source of income is trading retail forex.
And why call it a business when it's just glorified gambling
Are you an affiliate broker?
I wish people with a vested interest in the forex game would speak the truth rather than try to influence the gullible the ignorant and the greedy.
This is not a negative post. Retail forex has much to gain with being more real and presented as it really is.
  • #439
  • Oct 4, 2019 1:52am Oct 4, 2019 1:52am
Here I found one good strategy, that is no longer active, but still 3+years track record

https://www.myfxbook.com/members/aut...rtfolio/691405
  • #440
  • Oct 4, 2019 3:23pm Oct 4, 2019 3:23pm
Quoting Mingary
{quote} I am doing very well thank you. BTW. In some form this is the next ESMA / SEC rule. Anything that can prevent people from losing money or worse in this "glorified casino game" is a good thing
You are doing very well, but you need a magic loser fund to bale out those damaged by your trading. From your posts, you have damaged your family, your neighbors, random people you’ve passed walking down the street, small animals living in nearby woods, etc. You’re fine, but others are hurting as a result of...you. They need a magic rescue fund, but you’re fine. And, as part of your efforts to rescue those that you’ve damaged, your magic rescue fund has the backing of the SEC, because of your magic powers of persuasion. Your life in Mingaryland, where your magic power have caught the attention of the SEC (maybe even the Secretary of the Treasury, who in Mingaryland is always tapping into your expertise in retail forex trading) and where you are a voice of rationality on FF to defend the little retail forex trader, has reached a new peak of importance now that the SEC is just days away from institutionalize the magic loser fund that you dreamed up in your magic brain. I’m embarrassed that I’ve not recognized your magical importance and am not paying you the respect that your magical stature deserves.
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