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has anyone EVER seen a successful trader/trading system?

  • #1,361
  • Mar 27, 2020 7:24pm Mar 27, 2020 7:24pm
Hello,
just curious, does anyone knows a mutual fund that profitable YTD 2020.. I checked the best performance mutual funds , all were profitable for the year 2019 but not 2020..I just need to know if there are Real professional fund manger that were skillful enough to steer through the storm..even Madellion ( Renaissance’s Jim Simons) was in negative..I know they will hedge some positions now so by the end of the year they may do %1+ or even single digit in negative but I am interested to see results for these 3 months YTD Any thoughts?
  • #1,362
  • Mar 27, 2020 10:45pm Mar 27, 2020 10:45pm
I've tested well over a hundred trading systems now and I've only found one maybe two that produce stable returns. When building a system you have to factor the spread, commission, swap fee, tax, and very importantly the drawdown. The few strategies that do show some promise usually won't beat investing in index funds. I've come across a number of systems that would have worked for 5 or 10 years in a row and then would crash and burn in a black swan event (and no, they're not not martingale systems).

Lets be Honest, the vast majority of the people here are not long term successful traders. I've been at this for awhile and I can just barely beat a typical index fund. The game is stacked against retail traders. most of you guys are better of just investing your money and working on your career.
  • #1,363
  • Mar 28, 2020 12:43am Mar 28, 2020 12:43am
Quoting LosingAtFX
I've tested well over a hundred trading systems now and I've only found one maybe two that produce stable returns. When building a system you have to factor the spread, commission, swap fee, tax, and very importantly the drawdown. The few strategies that do show some promise usually won't beat investing in index funds. I've come across a number of systems that would have worked for 5 or 10 years in a row and then would crash and burn in a black swan event (and no, they're not not martingale systems). Lets be Honest, the vast majority of the people...
ok , what are these 2 that... "maybe two that produce stable returns" ??
Everything flows. Learn to Earn.
  • #1,364
  • Mar 28, 2020 2:21am Mar 28, 2020 2:21am
Mt4 is yet the best program because of its community in sharing. It also has limitation in performing an EA cause of the more complex forex trading due to growing liquidity now upto 6T the more computation it requires.
There are a few very good indicators out there, and with a little modificaton could go a long way.
In my opinion there will never be a stable system in the long run but need to modify or improve once in a while.
Dont let it be an obsticle but rather take it as a journey as a trader or developer.
  • #1,365
  • Mar 28, 2020 2:28am Mar 28, 2020 2:28am
Mladen once told me that, it is the forward transaction that counts not by back testing. I took his advice and since then i have never back test my indicators or EAs.
No point since back testing could not be perform on strength indicator. This is the key to successful trading strategies.
  • #1,366
  • Mar 28, 2020 2:50am Mar 28, 2020 2:50am
Quoting 12BCpro
Mt4 is yet the best program because of its community in sharing. It also has limitation in performing an EA cause of the more complex forex trading due to growing liquidity now upto 6T the more computation it requires. There are a few very good indicators out there, and with a little modificaton could go a long way. In my opinion there will never be a stable system in the long run but need to modify or improve once in a while. Dont let it be an obsticle but rather take it as a journey as a trader or developer.
ok, can you share some good indicators ? "There are a few very good indicators out there"
Everything flows. Learn to Earn.
  • #1,367
  • Mar 28, 2020 3:24am Mar 28, 2020 3:24am
Quoting ecryptom
{quote} ok, can you share some good indicators ? "There are a few very good indicators out there"
For starters, I could name a few indicators
PVA - PRICE VOLUME A?
RSiMA
TMA
JMA
Try look into it and if you are not able to find any, let me know.
  • #1,368
  • Edited 4:08am Mar 28, 2020 3:40am | Edited 4:08am
that i found
https://www.forexmt4indicators.com/jma/
https://www.best-metatrader-indicato...tma-indicator/
https://www.forexmt4indicators.com/tma/

about
PVA - PRICE VOLUME A?
RSiMA
i didnt know .. can you share more info
Everything flows. Learn to Earn.
  • #1,369
  • Mar 28, 2020 4:29am Mar 28, 2020 4:29am
this month I managed to achieve + 25% profit.
probably no longer trading this month.
  • #1,370
  • Mar 28, 2020 3:16pm Mar 28, 2020 3:16pm
$28,000 last week break-down:

Inserted Video
instagram: stepbystepforex
  • #1,371
  • Edited 10:47pm Mar 28, 2020 10:32pm | Edited 10:47pm
is any ... successful trading system?
i wonder ...

we need to see the system , to try it out as comparison reference to our systems, strategies we already use ...

the goal is not one two trades but consistency

to show out one good trade, or write that you know a good indicator or system ... tell me nothing , ZERO with out a proof
of the "successful" trading system you claim.
Everything flows. Learn to Earn.
  • #1,372
  • Mar 28, 2020 10:45pm Mar 28, 2020 10:45pm
There is no such thing as a successful system.

However, there such thing as a successful trader, one who mastered one's own demons that would have otherwise made him join the ranks of the failures.
  • #1,373
  • Mar 28, 2020 11:02pm Mar 28, 2020 11:02pm
has anyone EVER seen a successful trading system? i wonder ...
Everything flows. Learn to Earn.
  • #1,374
  • Mar 29, 2020 3:18am Mar 29, 2020 3:18am
Quoting ecryptom
has anyone EVER seen a successful trading system? i wonder ...
I once saw an indicator on youtube that was amazing, like it was predicting perfect trades.
but video got removed, and maybe it was a scam
  • #1,375
  • Edited 11:14am Mar 30, 2020 4:28am | Edited 11:14am
Quoting Constantino
{quote} God damn it you miserable twerp! I been reading this thread for the past 4 hours extending months long, gathering golden nuggets and my bookmark list of forex success is 15+ links long so far. But you still been replying on this thread while you support that forex is a failure like you, despite the fact that we have shown you a shiton of forex success links. Even your status are pathetic 'I should be in your ignore list' W-T-F what a weak low self esteem person this thing is. Somebody tell this low life embarrassment that he really needs...
Looks like you lost either your last shirt in the recent days or your snake oil selling business tanks.... don't worry.... it's the base case and the more forex brokers go out of business, the better off we are. Especially in Cyrpess it is time that the regulator is cracking down on the rotten forex industry that fled to that place because of lack of regulation and enforcement. That will change... you'll see.

Retail forex is a negative game for losers. Get it or lose it.

That is a very well proven fact and all ESMA, CFTC data shows this statement true. Every scientific study who analysed the profit / loss statements for retail forex traders over longer periods came to the same conclusion.

After 5 years 98.1 % of all retail forex traders lose money. The 1.9% can be explained by luck only.

So Mingary is not a failure.... he learned his lesson and adapted accordingly. Even better if you learn by the experience and knowledge of others than learning it the hard way by repeating the same mistakes again and again.
  • #1,376
  • Mar 30, 2020 4:41am Mar 30, 2020 4:41am
I think there are successful traders.
"Unconventional Forex Trading" on youtube seems to be profitable
he uses Currency strengths and basically rides a trend, but using multiple pairs to lower DD

I was unable to replicate his profitability. But just look at his Excell spredsheets, they are quite impressive.
He uses a mix of manual and automated trading, and excell sheets

I think he is open to teach people his method

Jeff
  • #1,377
  • Mar 30, 2020 12:11pm Mar 30, 2020 12:11pm
Quoting ionone
...I think he is open to teach people his method ....
Of course he is open to teach his method....because that is the only way he can make money.

Every student he is able to channel to his broker pal will earn him 600 - 1000 USD directly and up to 40% revenue share afterwards till the deposit of the new sucker is gone, which will be the case in a few months timeframe.

Here an example what you get as a snake oiler....
https://www.forexreferral.com/forex

All the retail forex teachers, shovel sellers, EA sellers, etc etc are your enemies. They directly prey on your hard earned money by selling you the epic lie of profitable retail forex trading, which is as real as a pink unicorn.
  • #1,378
  • Mar 30, 2020 1:09pm Mar 30, 2020 1:09pm
Absolutely despicable.
Retail forex in three words: Predatory, venal, and corrupt.
  • #1,379
  • Mar 30, 2020 2:09pm Mar 30, 2020 2:09pm
Quoting HudithePfupf
{quote} Of course he is open to teach his method....because that is the only way he can make money. Every student he is able to channel to his broker pal will earn him 600 - 1000 USD directly and up to 40% revenue share afterwards till the deposit of the new sucker is gone, which will be the case in a few months timeframe. Here an example what you get as a snake oiler.... https://www.forexreferral.com/forex All the retail forex teachers, shovel sellers, EA sellers, etc etc are your enemies. They directly prey on your hard earned money...
I was surprised to see that forexreferrals had so many regulated brokers as partners. I would have expected to see a lot more bucket shops brokers
It looks like that even regulated brokers are selling ...
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  • #1,380
  • Mar 30, 2020 6:06pm Mar 30, 2020 6:06pm
I haven seen profitable traders yes... And I am not talking about myself.

I talk about the one who taught me many lessons. This person has been profitable for at least 4 years.
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