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has anyone EVER seen a successful trader/trading system?

  • #841
  • Oct 21, 2019 4:52pm Oct 21, 2019 4:52pm
[quote=josephcom;12504195]Update 13 Oct 2019: For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain!

The thread starter doesn't yet get it. There are no successful strategies, they do not exist. There are only traders and the accumulation of knowledge. Those who have acquired sufficient knowledge of price movement and the required mental tenacity to succeed - the minority, and those who have not - the majority. It is no more complicated than that.
  • #842
  • Oct 21, 2019 11:07pm Oct 21, 2019 11:07pm
Well what I can take from this is that successful forex traders don't exist. Atleast not in this forum. Cause since this thread was posted all people do is talk. The originator of the thread has his answer I guess.
When you see it, BET big.
  • #843
  • Oct 21, 2019 11:33pm Oct 21, 2019 11:33pm
I wouldn't say that but agree
  • #844
  • Oct 21, 2019 11:37pm Oct 21, 2019 11:37pm
I suggest fuck trnd look at tops and bottoms only retards follow trends ...oh well losers...point is lose 50 to 150 pips goal is about 800 to 1000 pips
  • #846
  • Oct 22, 2019 4:20am Oct 22, 2019 4:20am
Quoting GEfx
{quote} Based on comments I've received, there are traders here on FF that appreciate that information. Very rarely does someone sitting along the sideline call bullshit to my offerings because I refuse to publish results. If you'd like to talk about trading that's great. If you are sitting alone the sidelines with your bad attitude and stack of trading losses, just pissing on my leg because 90% isn't enough for you, then fuck yourself.
People on the internet appreciate everything. Go on youtube, you will find that the dumbest videos get a lot of love/likes. Does it mean the content creator is doing something good or are people in general just naive? Perfect example, here is an obvious myfxbook scam:
Inserted Video

Take a look at the comment section, you will see terms like ''Amazing'' and ''Inspiring'' which is literally free comedy. You probably get the same kind of messages, so this is not an indication that you are doing something great.

Quoting GEfx
{quote} There are profitable trading approaches. The problem most want-to-be traders have is simple: you dont know enough to manage and run those approaches. Get to work! Stop looking for someone with an impressive, fake trade explorer, and instead, start reading the right stuff. Don't be influenced by this loser and the other losers on FF that cant find a trade in a runaway market. And dont listen to me, either. Part of becoming a trader is finding your own path.
Ah again, the inspirational ''get to work'', ''never give up'' and ''work hard'' bullshit quotes. How about becoming a realist and work on something effectively instead of working hard on something impossible?

Quoting GEfx
{quote} If you dont think there is money in forex trading, consider this: banks are making tens of millions every month in forex trading. Most bank traders are idiots, yet banks keep making money. Think about that while you're looking for your path.
So genius, there are millions of bank traders around the world. Based on what do you claim ''most of them'' are idiots? It seems like you prefer to make statements/claims instead of coming up with facts.
  • #847
  • Oct 22, 2019 6:30am Oct 22, 2019 6:30am
Quoting josephcom
For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain!
Forex is like a business.Why don't most people start businesses?Because its not easy.If you want make money in forex.First of all you have to make system,strategy etc.( the name is doesn't matter,it's all the same).Test it on demo, if its work go on real account.
  • #848
  • Oct 22, 2019 6:33am Oct 22, 2019 6:33am
Quoting cat
Update 13 Oct 2019: For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! The thread starter doesn't yet get it. There are no successful strategies, they do not exist. There are only traders and the accumulation of knowledge. Those who have acquired sufficient knowledge of price movement and the required mental tenacity to succeed - the minority, and those who have not - the majority. It is no more complicated than that.
It sounds OK at first, but if you analyze this problem deeper you will see that it doesn't make sense. This logic has too many flaws.

If you have sufficient knowledge and skills to predict the price action correctly more often then not and to extract positive return then your trading decisions must me based on some specific rules. In other words you must have some very well defined strategy and you are exploiting some stable market inefficiencies. And if you have such well defined strategy, then you can automate this 100%!
On the other side, if don't have well defined rules and strategy and your trades are based on "intuition" and "gut instincts" then you are trading randomly!
And random trading always leads to negative return in the long. Even if you get very lucky at first.

So you see, there is no gray area here!
Either you have a strategy, or you don't.
If you have a strategy, then your trading is based on rules. And all rules can be automated.
  • #849
  • Oct 22, 2019 6:41am Oct 22, 2019 6:41am
Quoting ZenNy
{quote} they do not work all the time.......they need to be taken in the right contest......market condition need to be valued and more.....remember if a pattern fails still is a pattern and a good set up (a failed set up probably occurring in the direction of the least resistance)......an high probability set up taken in the proper market condition has only a 60-70% probability to reach a RR 1:1, for a RR 1:2 the probability are much less.... in a day a major pair offers about 2-3 high probability set ups..... Many do not have the patience and...
Yeah. Sometimes I got perfect or near perfect entry. But I dont know how to exit. How to set sl or tp. Sometimes tp reached and price still going to my direction. Sometimes it hit sl and return. I already searched for exit indicator. And I never found it really working
  • #850
  • Edited 7:52am Oct 22, 2019 7:00am | Edited 7:52am
Quoting alphaomega
{quote} It sounds OK at first, but if you analyze this problem deeper you will see that it doesn't make sense. This logic has too many flaws. If you have sufficient knowledge and skills to predict the price action correctly more often then not and to extract positive return then your trading decisions must me based on some specific rules. In other words you must have some very well defined strategy and you are exploiting some stable market inefficiencies. And if you have such well defined strategy, then you can automate this 100%! On the other side,...
I can share with you a very well defined strategy which I have forward tested and the results are captured by myfxbookall and FF trade explorer.

Will you be interested in coding an EA for it?

I hope it may change you from being a skeptic to a optimistic trader.

Drawdown is 30% and yearly return is 50% if trade is done frequently. If done selectively with a gap 90 days trading with no trading for 90 days four times in a year 120% return consistently.
Practice makes a person perfect
  • #851
  • Oct 22, 2019 7:20am Oct 22, 2019 7:20am
Quoting alphaomega
{quote} It sounds OK at first, but if you analyze this problem deeper you will see that it doesn't make sense. This logic has too many flaws. If you have sufficient knowledge and skills to predict the price action correctly more often then not and to extract positive return then your trading decisions must me based on some specific rules. In other words you must have some very well defined strategy and you are exploiting some stable market inefficiencies. And if you have such well defined strategy, then you can automate this 100%! On the other side,...
Look, you and the thread started proved your point.......people like to talk big.....

But If I may say.... you see you need to take in consideration market conditions before you enter the market....... you cannot enter the market with a pull back in a range condition.... you cannot fade the extreme in a trend condition..... is not easy to make money when the market is not moving.....

There is a degree of discretion you need to apply which cannot be automated....

I agree with Cat knowledge combined with tenacity and passion will help, you see... great traders (which are only a few) are not born they make themselves and often it will take a lot of time because they need to reshape themselves.

Only me.
trading is simple but is simple is not easy.
  • #852
  • Oct 22, 2019 7:27am Oct 22, 2019 7:27am
Quoting simnz
{quote} I can share with you a very well defined strategy which I have forward tested and the results are captured by myfxbookall and FF trade explorer. Will you be interested in coding an EA for it? I hope it may change you from being a skeptic to a optimistic trader. Drawdown is 30%.
Yes sure. If the rules are indeed real and defined I can give it shot.

By the way, I'm not a skeptic about trading in general even if it appears so. I know that it's possible to make money. But I'm also a hardcore realist because I understand the odds and the probability a bit better than most people on this forum and I know how to distinguish randomness from real edge.
So it's a bit harder for me to get fooled by randomness and luck.
  • #853
  • Oct 22, 2019 7:34am Oct 22, 2019 7:34am
Quoting Valerian6
{quote} Yeah. Sometimes I got perfect or near perfect entry. But I dont know how to exit. How to set sl or tp. Sometimes tp reached and price still going to my direction. Sometimes it hit sl and return. I already searched for exit indicator. And I never found it really working
there is not one.....we cannot control the market as we cannot control life.....

But you need to have a plan and execute your plan.....most of the days you will have small profit and small losses and some day you will have good profit which will make the difference....

With time you can refine your plan based on technicality, average true range and time or a combination of all....
trading is simple but is simple is not easy.
  • #854
  • Oct 22, 2019 7:39am Oct 22, 2019 7:39am
Quoting ZenNy
{quote} there is not one.....we cannot control the market as we cannot control life..... But you need to have a plan and execute your plan.....most of the day you will have small profit and small losses and some day you will have good profit which will make the difference.... With time you can refine your plan based on technicality, average true range and time or a combination of all....
Really good input. I'm so arrogant to start learning without asking someone. Btw I already use atr. But I think I dont use it properly. Can you suggest something so I can learn from it ?
  • #855
  • Oct 22, 2019 7:44am Oct 22, 2019 7:44am
Quoting ZenNy
{quote} Look, you and the thread started proved your point.......people like to talk big..... But If I may say.... you see you need to take in consideration market conditions before you enter the market....... you cannot enter the market with a pull back in a range condition.... you cannot fade the extreme in a trend condition..... is not easy to make money when the market is not moving..... There is a degree of discretion you need to apply which cannot be automated.... I agree with Cat knowledge combined with tenacity and passion...
I understand your view. But some of your assumptions are incorrect, probably because you don't have enough knowledge in the field.

First of all, Everything can be automated!

The discretionary elements are based on objects and conditions that you observe and interpret. It does not matter if you do this consciously or subconsciously.
Everything in trading is based on pattern recognition. The patterns are mathematical models with different complexity. The most complicated patterns include combination of technical and fundamental inputs. The fundamental inputs in a complex pattern also can be reduced to numbers and eventually down to simple binary statements.
Everything is math!
Everything is numbers!
  • #856
  • Oct 22, 2019 7:48am Oct 22, 2019 7:48am
Quoting Valerian6
{quote} Really good input. I'm so arrogant to start learning without asking someone. Btw I already use atr. But I think I dont use it properly. Can you suggest something so I can learn from it ?
if EU has an average of 50 pips and today has reached that 50-60 pips I might think to take profit (all or partial) especially if there is strong resistance as a double top (with a strong pull back in between), round number, previous day/weekly/monthly high).....
trading is simple but is simple is not easy.
  • #857
  • Oct 22, 2019 7:58am Oct 22, 2019 7:58am
Quoting alphaomega
{quote} Yes sure. If the rules are indeed real and defined I can give it shot. By the way, I'm not a skeptic about trading in general even if it appears so. I know that it's possible to make money. But I'm also a hardcore realist because I understand the odds and the probability a bit better than most people on this forum and I know how to distinguish randomness from real edge. So it's a bit harder for me to get fooled by randomness and luck.
OK I will send you a PM and you are free to share the EA with FF or use it for your own self. It is up to you.
Practice makes a person perfect
  • #858
  • Oct 22, 2019 8:02am Oct 22, 2019 8:02am
Quoting alphaomega
{quote} I understand your view. But some of your assumptions are incorrect, probably because you don't have enough knowledge in the field. First of all, Everything can be automated! The discretionary elements are based on objects and conditions that you observe and interpret. It does not matter if you do this consciously or subconsciously. Everything in trading is based on pattern recognition. The patterns are mathematical models with different complexity. The most complicated patterns include combination of technical and fundamental inputs. The...
ok...your post make sense and I have little knowledge in the field...

but you also have to consider that no machine can compare with my creativity... my rules are based on my creativity and my creativity have more adaptability then a machine, machine needs to be coded (correct me if I am wrong) where I also can bend my rules to adapt to the actual imminent changes of the conditions, I can also rely on my gut feeling which I use often always confined by my rules.
trading is simple but is simple is not easy.
  • #859
  • Oct 22, 2019 8:29am Oct 22, 2019 8:29am
Quoting smartpipsfx
{quote} Forex is like a business.Why don't most people start businesses?Because its not easy.If you want make money in forex.First of all you have to make system,strategy etc.( the name is doesn't matter,it's all the same).Test it on demo, if its work go on real account.
VERY much true .the starting point should be focused on accurate knowledge not or making profit first.
best rgds
  • #860
  • Oct 22, 2019 8:32am Oct 22, 2019 8:32am
Quoting ZenNy
{quote} there is not one.....we cannot control the market as we cannot control life..... But you need to have a plan and execute your plan.....most of the days you will have small profit and small losses and some day you will have good profit which will make the difference.... With time you can refine your plan based on technicality, average true range and time or a combination of all....
wow!zenny you said it all i am learning much from your post.it contains true trading realities and psychology
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