has anyone EVER seen a successful trader/trading system?

Good news
I'm able to start new thread now...starting on weekend will leave link here

Added another trade explorer account Live and running

https://www.forexfactory.com/forexcup#acct.08

as promised here is my new thread started

https://www.forexfactory.com/showthr...0#post12620060

what's the optimal alternatives?

I'd say that with a given hit rate and risk-return-ratio there's an accurate mathematical solution to the optimization problem.
If w is the fraction of trades you win, and R is the ratio between average win and average loss, then your mean outcome is

(1+r)^w * (1-r/R)^(1-w)

Find the derivation d/dr and its zero, and you'll be astonished what r should be!

I'm not trying to be rude, I call BS on this statement. I've seen countless LIVE myFXbooks that have been operating for more than 5 years with great returns. Enough with this assumption that no one is successful at this, based off the fact it's random. There is a degree of randomness, but if you can cut through that and get through all the noise and understand what I mean by that you're halfway there.

Proper position sizing, a firm grasp of fundamentals and technicals with a well established personal identity in how one trades in the markets is all you need. Don't read into all the free content out there and take it at face value, find a good mentor or someone you can learn off of (even if its indirectly) and put in the work, don't give up, and don't make the same mistakes, then you'll become a good trader.

I'm currently pouring over 5 years of an individual myFXbook trade history, studying their stats and understanding their risk management, i'm plotting their trades (mostly their losses) and trying to grasp what they did, why they did it, and what was the general political climate at the time). Are you willing to put in that kind of work? I'm not saying this is the answer to being good, but it's an example of finding good learning material.

My uncle was a successful FX trader, I know of two other people personally and I too will be one, but with a self defeating attitude you've already lost.

Sorry, to single you out, but i've read so many of these comments on this site and it's the equivalent of a recluse, who stays indoors with 30 cats, staring at everyone walking by, criticizing them because they're out there.. Again, not trying to single you out as an individual, but this comment and mindset that I hate reading compels me to give a response. Too many of these comments out here, and they're like a kick in the gut when you're going through a rough spot, and can kill many a new trader's ambitions in doing this.


This myFXbook is over 5 years and only two months it ever saw -'ve drawdown. One was -24% because of one bad trade, the other -1.83%. That is 2/60 months with a -'ve return.... Oh, also, this is 1 of their 5 other accounts and this one is manually traded. Total assets across all 5 are 3 million and they're a retail trader.

DD is 50% but they never risk more than 1% of their trade, do not use hard SL, and on average takes about 0.22% gain per trade, but see abotu 50-100 gain/annum.

My advice to anyone starting out, learn proper risk management. I mean from head to toe, always know what you've got in there, what hit you can take draw down wise in a scenario where...you have a flash crash of 400pips, what would be your exposure then? Would your account get blown? or could you weather a storm of a few months just scaling out of your trades and taking less of a hit. Would you be patient enough to do that? Scenarios, always run scenarios.

I truly hope Forexcup that your new thread gets the chance to survive without all this meaningless tripe thats posted on these forums every day. One huge ego trip amongst many.

Why Mingary when you feel that trading Forex is impossible and has entertainment value only, do you continue posting negative comments? Does it entertain you?

Hi Joseph...(i will display my graph from one of the accounts i use,its been used for 2 -3 years below infact 2 graphs from one of the 2 accounts i use attached below)...but first and foremost.

I challenge all of you reading this to first answer me this question:

YOU ALL HAVE BIG EXPECTATIONS WANTING US TO TEACH OR FREELY REVEAL OR WILLINGLY REVEAL HIGHLY PROFITABLE TRADING METHODS/APPROACHES WE USE FOR YOU!!!!>>>BUT NONE OF YOU WANTS TO PAY.!!!!damned...(Said with a Dan Pena voice and cruelty),by the way I love that old dude-don't take this the wrong way.lol

(With all due respect,you think i would honestly or any other high perfoming retail trader mentor out there give you the secret or my secret to generating a million or millions in profit every year for a lousy,(excuse my french),1k usd or 5 k usd mentoring fee-which is the standard for most Trading classes i have researched out there!!!???Honestly???

Is that what you think!!!

Stop kidding yourselves Guys(no disrespect)...here is what i do and have noticed most people in my position do,as people who are asked to teach other people how to gain significant trading profits year in and year out iIN THIS INDUSTRY !!...A.K.A "trading mentor"...

On 1k usd or 5 k usd fee,we only direct you to the chocolate factory.The smart have figured it out on their own only on directions from us,those who are lucky after putting in the hours behind what "we teach" that is...but i personally just give direction to what trading system or method works and is a game changer!!i will never spoon feed you the secret in that method i use or just taught you for your 1000 usd or 5000 usd mentoring fee!!!Never!!

We will never come out and blatantly reveal the SECRET in the methods we teach that honestly works for us and helps us to achieve sizeable returns!!!That is a cruel but true fact,unless i am running a public/highly private hedge fund or something,(even then its still risky to just give some regurlar Joe i have just hired my trading mindset-because he can still resign after mastering the method and go make a fortune for some other dude elsewhere of for himself for nothing or at no cost at all...most of the people or particularly anyone joining our industryand wanting to learn the highly impactful method are all jokers (excuse my french,those type of people are living in an elusive reality or unreal world of their own.)

Back to the point,Joseph,

I only started caring about keeping or caring about keeping deep detailed and direct financial trading perfomance records starting this year (upon advise from my Tax specialist or "my accountant" or my advisors... I honestly NEVER CARED about keeping those records for anyone before....i felt like i never and will never have to proof myself to anyone,let alone a student paying me a mere 1000 usd to 5000 usd and WANTING ME TO REVEAL THE SECRET TO I HOW I TRADE AND GENERATE millions each financial year.
(As a matter of fact,if it wasnt for the Tax billing systems the Tax authorities and my Reserve bank both want/require from me in my country for reporting for finacial taxes and financial monetary regualations policies purposes.. i don't and never think i would have or continue to ever keep or kept any records!!

Before i decided to keep records I WAS A HEAVY WITHDRAWER OF ANY PROFITS i made,without i care how my equity graph will be affected or look like,as i said i never felt like i had to prove myself to anyone,by the way i only used to keep,in A notebook,the trades i took and if they worked or didn't work.(That is the only record i kept and used to re-adjust and review and re-engineer my trading method...

I used to measure my wealth by how much money i have by the start of the year invested in or across all portfolios and how much money i have at the end of year in my bank account after withdrawals and taxes!!!


I think your major problem and the rest of the retaill traders all over the world is this...YOU ALL WANT TO BE TAUGHT OR GIVEN THE ROAD MAP TO CHOCOLATE FACTORY OR TO THE SECRET ROAD MAP TO THE HOPE DIAMOND MINE_BUT NONE OF YOU!!!and i repeat NONE OF YOU ARE WILLING TO PAY!!!
(not refferring to the peanuts you pay to your "trading mentors" out there in the hopes of learing or getting the road map to flippin chocolate factory.

The number 1 reason WHY wealth will always continue to be kept amongst the wealthy!
Sometimes it takes money to become a serious money maker!!

For the equity graphs inserted:
Please note until the start of this after every trade i withdrew whatever returns i make after each and every trade i took.
(That is This current year have never withdrawn any money in that account since the start of this year-that is why my equity curve/graph is that high).
Please note,to the "curios cats" i have only taken out the equity graph for display purposes and will never reveal the whole detailed statement for the whole world here.(thus the detailed statements supporting those graphs are available)
(On the left bottom of those equity curve graphs you get NUMBER OF DAYS THE ACCOUNT HAS BEEN USED...ON the far right hand side YOU GET THE MONEY MADE ON EACH ACCOUNT).


Who am i??
-I make approx. 120 mill usd a year.(i wont reveal how i do it here).
-I average 600k usd to 5 million each trade i take...
-I am a swing and position trader
-I trade about 6-8 highly profitable trades each month,only that many!!
-I make approx. 10 million usd each fortnight,sometimes i achieve it 3 to 4 weeks time period.(markets conditions talk/factor in)
-Whats my name_(you will never know that_infact i don't exist and i have enjoyed my life how that is)
-what method do i use-(you will never know)_but its much simpler than what the 2nd hand information trading teacher-mentors tell you or teach you.WAY MUCH SIMPLER!!


BELIEVE IT OR NOT-I DONT CARE-ITS UP TO YOU!!!

Now Joseph,apart from all you not wanting to pay but wanting to learn highly proftable trading approaches in the methods we use,i have also notice this other factor in people similar to you.

i have noticed that a lot of highly smart or intelligent people with mathematical mindsets or college backgruonds struggle with trading in general.

Why?

I have worked with some of them,a few of them,for a lousy fee that is and i never actually had the chance to spoon feed them exactly the secrets and safe them a couple of years of headaches amongst the many,the secret i use in that paritcular trading method i have directed them to use or arguably taught to them.Infact i wouldnt call it teaching,as for the most part i was just directing them to what works in this industry and where they should look in finding something that will work for them.(IF THEY STUDY'D HARD and found it on their own without me spooning feeding them-then lucky them!!If they don't then its up to them).Why in the world would i teach someone infact spoon feed them to the chocolate factory for their 1000 us dollar and 5000 us dollars menotring fee!!!??

Back to the point:
Academics like you Joseph struggle because YOU GUYS APPROACH TRADING WITH A 1+1 = 2 (forever mentality),WHICH IS WHAT COLLEGE HAS DEEPLY INGRAINED IN MOST OF YOU....and that is killing you.
Unless you re-wire you mind,or find someone to directly spoon feed you,most of you will never discover on your own what consistently works both practially and psychologically in trading.

THAT IS THE MAIN REASON WHY MOST OF YOU ACADEMICS STRUGGLE IN TRADING!!!

Maybe the reason you never get what works OR what you want or expect from your " trading mentors" is you NEVER MAKE IT WORTH THEIR WHILE!!!


conclusion/(morale of the story):
CATS OUT OF THE BAG...Like me or don't.

Yes, there is a bunch of Succesful traders on Forex On Fire Platform, to name some:

Angel/insider/Noreca/Green Fx/Key/Alfaclcik/Pundit/Fx Signals Team/Trading Simple/Trading Hub/Fibogann/Zoltrix/Elite/Sue/Ukforex/Quickpips/UK Pro/Fx Goat/Masters/Avastone/Forex Pros/MQL5.... and more and better to be discovered later...

Watch LIVE SUCCESS here

https://www.forexfactory.com/showthr...2#post12625892

I started reading the last few posts and for a second I thought I was reading the script for one of those late night tv retail forex infomercials.

I have sent you the EA idea with full entry , TP and Risk control logic. I hope you will give it a shot.

Some major chest pounding going on here.

I was reading some of EXpRINCE's previous posts and saw the thread about 'What Fears are holding you back in life??'

I was going to write in: Fear of success.

I have never experienced being rich. The richest I ever felt was when at times I had paid my debts and finally didn't owe anyone although always short lived.

Now I am thinking that I am right in having a fear of success. If I become successful to the tune of making 150-200 mill or 5 Mil per week or whatever he claims he makes, is there a possibility of me coming on a forum like this and show off about it and put everyone down in the process? Will I sound like I am so full of shit that it will ooze out of my words about once per paragraph?

I don't care if this guy makes that much money or not but if I one day make that much and sound as much as a prick as this guy, you guys go ahead and shoot me. I will deserve it.

You claimed to be earning 120M/year and yet you want to be paid? And if your claim is true, you've been taken out bill gates as the richest man in the world. 10m each forthnight? And you have time to post here with your dilutional claim and story? You wont reveal your method here, privately? But they have to pay huge... right? That's the bait.
The truth is, you are here trying to catch big time fish willing to pay big. Well, those desperate traders need to be guided, not to be taken advantage. Some lost their money and don't take more from them. If you want more money, just click the botton and that's instant 10miliion right? (If you claim is thrue). So, why need to pay for guidance? You are pathetic! Dilutional, scammer!
Not under my watch... im here to protect!

You will notice that invariably when some negative point is made about trading retail forex,scammers of all levels and also delusional individuals come out to support the usual party lines:
"Come on for a swim, the water is fine"
Supported by either or both:
1) for a fee I will show you how to swim (scammer hook line)
2) Yes success in retail forex is possible, BUT you have to become an expert swimmer (10,000 hrs ...). (delusional hook line)

Good to see everyone back again .

The new guy looks to be fun.let the entertainment re commence .

Only 10 million a week ☹

I've discovered this really successful forex trading coach here in NZ,he is incredibly successful (I know this for a fact as he tells everyone himself) not only as a trader but also as an educator.Check him out and buy his course,Andrew Mitchem the "Forex Trading Coach". This guy is the real deal,according to his website he's sold his course to more than 2,500 clients all over the world and the good thing is that the course only costs $2497 USD....an absolute bargain.Now a little maths would indicate that he has made $6,242,500 USD in ten years just in sales,the good news is that he makes more as a trader and he can teach you how.

bro can you give me an example?

So is this r the amount of risk I can increase my current risk to? Or what? Thanks in advance for your response