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has anyone EVER seen a successful trader/trading system?

  • #1,021
  • Dec 4, 2019 7:33pm Dec 4, 2019 7:33pm
Quoting Drolph
{quote} Always entertaining to watch naysayers like you or alpha or Hudi to blame the game for their personal failure to achieve success. A discussion about the attractivity of this endeavour is a topic of discussion. But when I read FOREX IS AN ILLUSION in bold letters I only feel pity for the person stating this. He is a losers, that is the only truth this sentence proves! But i understand that it may be hard to accept failure. Long story short: https://www.myfxbook.com/members/for...ofit-ea/803413 A well known example...
35% Draw-Dawn for 30% profit per year. In a system which has been losing or flat for the last 3 years and only profitable for 2 years in the past 6 years.

Would you call this SUCCESS? really? OK, good on you ...
If you can't measure it, you can't improve it!
  • #1,022
  • Dec 5, 2019 2:49am Dec 5, 2019 2:49am
Quoting josephcom
{quote} 35% Draw-Dawn for 30% profit per year. In a system which has been losing or flat for the last 3 years and only profitable for 2 years in the past 6 years. Would you call this SUCCESS? really? OK, good on you ...
Stick to your own rules please. Challenge was a strategy which is profitable for over 3 years without any averaging techniques.

Mission accomplished. But yeah, your reply shows a typical reaction from a loser. The performance is up 600% since 2014 but as it did not gained every month it must be rubbish. Perception of a loser.

On the other hand naysayers promote shares or other "true" investments, where you of course as well suffer from periods with negative performance. Selective perception. Not to mention, that you do not get 600% on the gainside here.

If this kind of strategy is attractive for someone having large periods of draining or ranging was not the question. Personally I rely mostly on strategies using averaging techniques, just because of this "problem".

It simply proved you (and the other naysayers) wrong referring to the "rules". Plain and simple.
  • #1,023
  • Dec 5, 2019 10:19am Dec 5, 2019 10:19am
yes see myfxbook link

https://www.myfxbook.com/members/mes004/gold/3843579
  • #1,024
  • Dec 5, 2019 11:16am Dec 5, 2019 11:16am
Quoting Forexcup
yes see myfxbook link https://www.myfxbook.com/members/mes004/gold/3843579
Unfortunately people like you add to the picture, that there are no profitable traders longterm. You are posting a cherrypicking chart with some lucky trades - that is gambling, not trading.

Come back after two years when THIS account is still in the green.

But enjoy your showoff moment, if it helps.
  • #1,025
  • Dec 5, 2019 8:51pm Dec 5, 2019 8:51pm
Learn how to read Supply and Demand zones. Where the banks and institutions are unloading their inventory.
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  • #1,026
  • Dec 16, 2019 5:07am Dec 16, 2019 5:07am
In the Darwinex I see profitable systems for ~3-5 years and about ~30% - 100% yearly profits and drawdowns about ~10% - 20%.

Here is one example:

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  • #1,027
  • Dec 16, 2019 6:13am Dec 16, 2019 6:13am
Quoting joyny
In the Darwinex I see profitable systems for ~3-5 years and about ~30% - 100% yearly profits and drawdowns about ~10% - 20%. Here is one example: {image}
FAKE!
  • #1,028
  • Dec 16, 2019 6:44am Dec 16, 2019 6:44am
@joyny @alphaomega

The way they report account progress on those websites is misleading at best.

When I had made something like 25% in two years (admittedly on a very large account) it was showing me on a 10% monthly, 500% winner.
FXbook and all those are all the same - they are all sponsored, or even run, by brokers - whose goal is to make things look a lot better than they are.
It's not that the account is fake, it's that it's reported in a distorted way.

About, have I ever seen a "profitable system".

I guess the answer for me is "There is no profitable system, only profitable people." Anyone selling you a profitable system either has been sold the "dream", or wants something from you. Most people on this website are crazy naive, like I was once - and even worse, they can't be told the truth.
  • #1,029
  • Dec 16, 2019 9:00am Dec 16, 2019 9:00am
I've seen people trading and then just quitting. There are successful traders out there - but most of them quitting anyway as they see other opportunities
  • #1,030
  • Dec 18, 2019 1:08pm Dec 18, 2019 1:08pm
Quoting alphaomega
{quote} FAKE!
What exactly is fake?

He is managing $ 1,141,430.29

This is the underlying strategy https://www.darwinex.com/account/D.22041

I am also using Darwinex, and I have not seen anything fake for the moment. The RM of Darwinex and how it changes the result of the darwins is different story.
  • #1,031
  • Dec 18, 2019 1:54pm Dec 18, 2019 1:54pm
Quoting Fmz
{quote} What exactly is fake? He is managing $ 1,141,430.29 This is the underlying strategy https://www.darwinex.com/account/D.22041 I am also using Darwinex, and I have not seen anything fake for the moment. The RM of Darwinex and how it changes the result of the darwins is different story.
You really can’t see the forest for the trees?

OK. Subscribe to the strategy and see for yourself.
  • #1,032
  • Dec 18, 2019 2:52pm Dec 18, 2019 2:52pm
https://www.fxblue.com/users/proton-517

Opinions on that? I am not familiar with the term semi-verified. However, lot of pips, very little Drawdown. Or do I miss something obvious here?
  • #1,033
  • Dec 18, 2019 3:27pm Dec 18, 2019 3:27pm
Quoting thj79
https://www.fxblue.com/users/proton-517 Opinions on that? I am not familiar with the term semi-verified. However, lot of pips, very little Drawdown. Or do I miss something obvious here?
As I see it is some kind of grid + martingale. I am not a big fan of martingale. Forwardtested by myself grid system with martingale which was advertised by my broker in courses by a person who used that EA 2 years and with great success (so broker exposed that person as a success story even in local media). Maybe I missed out something.. but EA on my demo account earned 85% in 2 months and then wiped out all account in 2 days - here you can see: https://www.fxblue.com/misc/EmbedExa...spx?id=2548224

I have developed some martingales EAs and always in backtesting there were that ugly 1 day when all wipes out. But ok maybe I am wrong. I agreed to port Blessing EA (https://www.forexfactory.com/showthread.php?t=792598) from MT4 to MT5 and backtest it - so this will be my last try with martingale.

But the example you provided should be published in Darwinex and then could be possible to see various reports and evaluations of risks.
  • #1,034
  • Dec 18, 2019 3:32pm Dec 18, 2019 3:32pm
Quoting alphaomega
{quote} You really can’t see the forest for the trees? OK. Subscribe to the strategy and see for yourself.
Subscribed with a demo account to that Darwinex strategy + 4 more strategies to diversify risks.

Please explain what forest you see there?
  • #1,035
  • Dec 18, 2019 4:24pm Dec 18, 2019 4:24pm
Quoting Catch-22
I guess the answer for me is "There is no profitable system, only profitable people."
There are drawdowns for any system. Some drawdown periods can be year or two. Look at this backtest result from one of EA backtested USDJPY with 20 years (EA based on open prices - so it is +/- precise picture):

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Here we can see a lot of drawdown periods which last about 1 year. But in the longterm it still is profitable. So when someone picks up this strategy and start using it at the beginning of "drawdown year" - after 6 months he quit because don't see the bigger picture.

The idea is to set up N parallel strategies. some win some loose but the total result in the longterm should be positive. I hope...

how many EAs with different strategies somebody has run on 1 account in parallel? Did they compensate in the longterm? As I see from my backtests then it is possible to run at least 15 parallel EAs (with max drawdown 20% each) on 1 account and the total max drawdown won't be larger than 40%. Is it so?
  • #1,036
  • Dec 23, 2019 5:44pm Dec 23, 2019 5:44pm
Quoting josephcom
Update 13 Oct 2019: Please, after reading this post (the first post) take a look at this post too (click on the link) to better understand what I mean. Thank you... 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. I am one of the best computer programmers...
"One of the most frustrating (I would use a different adjective!) answers I've ever heard is that you're not supposed to ask Forex teachers to see their trades. This is probably the most strange/unfair argument I can imagine. This is not a joke! This is about students precious life. It's their RIGHT to know, beforehand, the path they're stepping into has been ended in success before. Otherwise it's like buying a car by only listening to the seller's words and not actually seeing and driving the car! If the problem is their privacy, they can simply blur/disappear the numbers and show us the equity curve itself."

How very true that toy say here friend, how very true....
J12
  • #1,037
  • Dec 24, 2019 4:43am Dec 24, 2019 4:43am
Quoting huang9
only the few 1-5% r consistently earning, we the rest r just sckers
What is consistency in your view? Over what period of time?
J12
  • #1,038
  • Dec 26, 2019 1:36pm Dec 26, 2019 1:36pm
Manual trading is the only way, those who are sticking to a 1% risk management are the one in consistent profit. Why? Because they are thinking in term of probabilities instead of expectation, there is no system or what so ever, no secret. Only experience can make you successful like in any kind of business. People get into trading thinking they must be lacking of something after 1-2years of experimental trading. Meanwhile they go to a university knowing damn right they need to get those 4-7years studying to be great in the domain they want to be working in...
  • #1,039
  • Dec 26, 2019 11:49pm Dec 26, 2019 11:49pm
Quoting Drolph
{quote} Stick to your own rules please. Challenge was a strategy which is profitable for over 3 years without any averaging techniques. Mission accomplished. But yeah, your reply shows a typical reaction from a loser. The performance is up 600% since 2014 but as it did not gained every month it must be rubbish. Perception of a loser. On the other hand naysayers promote shares or other "true" investments, where you of course as well suffer from periods with negative performance. Selective perception. Not to mention, that you do not get 600% on the...
Good strategy, can be better for sure if you trade it on higher time frames. The commisions are really eating into your bottom line.
When you see it, BET big.
  • #1,040
  • Dec 26, 2019 11:55pm Dec 26, 2019 11:55pm
Quoting josephcom
{quote} 35% Draw-Dawn for 30% profit per year. In a system which has been losing or flat for the last 3 years and only profitable for 2 years in the past 6 years. Would you call this SUCCESS? really? OK, good on you ...
I personally wouldn't recommend the system, more than two years in a drawdown. The thing is the frequency of the trades. If it is two years drawdown but you only took 50 trades during that time, that's a different thing. From the stats the strategy makes about 1000 trades a year, who can stomach trading 2500 trades and breaking even? Not for me, can get my MBA during that period.
When you see it, BET big.
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