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has anyone EVER seen a successful trader/trading system?

  • #1,421
  • Apr 7, 2020 1:29am Apr 7, 2020 1:29am
Quoting tradealltime
{quote} Could you tell us which tf are you using and which pair

How do you think which TF, it is Renko?
  • #1,422
  • Apr 7, 2020 7:46am Apr 7, 2020 7:46am
Quoting tradealltime
{quote} Could you tell us which tf are you using and which pair
Quoting Forestralia
{quote} How do you think which TF, it is Renko?

You are right Forestralia; Renko charts don't have any time frames only brick sizes As I stated for the chart that I posted at post #1,416 it is a 50 pips Renko chart equivalent to 5¢ per brick. This is a WTI oil chart priced in USD. If you wish to use Renko I think that it's best to use 5 pips brick size for low ATR pairs such as EURUSD, USDCHF, USDCAD, etc. and 10 to 20 pips brick size for high ATR pairs such as all the GBP pairs. For high value indices CFDs I think that it's best to use Renko bricks of $1.

The biggest problem regarding Renko is that the pip value used by a broker may not be the same as that used by another broker (tick value of $123.6 for first broker and $0.012 for the second broker) so you have to adjust the Renko brick size accordingly. The two charts below show the same FTSE CFD. Both charts show brick value of $1. The STG Renko Remote indicator at the bottom of the chart shows 1.0 brick size ($1) on the first chart while it shows a 10.0 brick size ($1) on the second chart. The Renko brick size is a very small problem since it can easily be solved. On the other hand the spread and value of CFDs vary from broker to broker and the only way to solve the problem is to change broker. The first chart below shows a spread of $1.60 while the other chart shows a spread of $7.10. Worse, the second broker show a CFD value ($5,735) much higher than the first broker ($5,706). Both are live accounts and the pictures were taken less than 10 seconds apart. I trade CFDs with the first broker and only USDDKK with the second broker.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UK100GBP-4M2.png Size: 36 KB
Click to Enlarge Name: UK.100M67.png Size: 35 KB
  • #1,423
  • Apr 8, 2020 10:46am Apr 8, 2020 10:46am
The TMT scalping system with Renko 5 pips bricks also works well on small value CFDs such as oil. Here is a trade I just took
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD - 4M2.png Size: 37 KB
  • #1,424
  • Apr 8, 2020 3:04pm Apr 8, 2020 3:04pm
I see one every day i look in the mirror. There are also a couple PA strategies on this forum that are profibitable long term as well.
  • #1,425
  • Apr 28, 2020 1:00pm Apr 28, 2020 1:00pm
From my understanding, the OP wants to see an account that meets these 3 criteria:

1 - Successful trading results of 3+ years
2 - Real account
3 - Equity curve

Here's one that meets all the 3 above: https://alpari.com/en/investor/pamm/329842/

For anyone who wants to get the trades directly: https://ukglobalinvestors.com/forex-...ice/subscribe/
From the tips to the dips, it's all about the pips
  • #1,426
  • Apr 28, 2020 1:52pm Apr 28, 2020 1:52pm
Quoting theforexpert
From my understanding, the OP wants to see an account that meets these 3 criteria: 1 - Successful trading results of 3+ years 2 - Real account 3 - Equity curve Here's one that meets all the 3 above: https://alpari.com/en/investor/pamm/329842/ For anyone who wants to get the trades directly: https://ukglobalinvestors.com/forex-...ice/subscribe/
Your 3 criteria that you posted above make a lot of sense On the other hand you need to delete your two web links for the following reasons:

1. Alpari is a crappy broker. When Alpari UK went bankrupt in 2015 it took me 16 months to get my money back.
2. Alpari International is registered in Mauritius a notorious tax heaven.
3. Alpari International is regulated by the Financial Services Commission of Mauritius; a regulator that has no teeth.
4. Unlike Alpari UK that was a member of FSCS the investors protection fund of FCA registered brokers, Alpari International has no investor protection fund.
5. With no investors protection fund if Alpari International goes bankrupt all the traders' funds will probably be lost.
6. This thread is for "Trading Discussions". Your two web links are advertisements to traders and don't belong here at all. They need to be posted in the commercial section of FF.
  • #1,427
  • Edited 4:55pm Jul 3, 2020 4:40pm | Edited 4:55pm
Quoting jmfxservices
{quote} you are right boss. i am also in trading since 10 years now. in starting i was finding holly grill system but its not. then finally focused on price action and demand supply which is real base of market. trading is probability game, trade with 50:50 probability and at least 1:2 risk reward that's it.
Boss-man, the wholly grill system boils down to the temperature of the grill and the quality of the meat. Get that right and you got yourself a nice BBQ. As for the trading thing, all you need is to keep repeating yourself what you have read in the books and the money will come. True that! Testify!
Practitioner of the cryptic trading arts
  • #1,428
  • Jul 3, 2020 4:56pm Jul 3, 2020 4:56pm
Is there really no holy grail in trading the markets?

This man Dr Van K Tharp believes there is. I share that same belief.

What are your thoughts?
Attached File(s)
File Type: pdf holy grail of trading is within all of us by thom hartle (8).pdf   873 KB | 1,280 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,429
  • Jul 3, 2020 8:11pm Jul 3, 2020 8:11pm
I think World Currency Unit (WCU) has an edge. Try keyword search in FF.
I tried it for more than two years and it has survived all the black swans visited during this period. See if it can give an extra edge to Davit's Pivot system if you like his system. Personally, I ditched WCU because it requires somewhat bigger capital to trade for living.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,430
  • Jul 3, 2020 9:40pm Jul 3, 2020 9:40pm
Quoting heispark
I think World Currency Unit (WCU) has an edge. Try keyword search in FF. I tried it for more than two years and it has survived all the black swans visited during this period. See if it can give an extra edge to Davit's Pivot system if you like his system. Personally, I ditched WCU because it requires somewhat bigger capital to trade for living.
Have you ever tried or heard of anyone trying to make WCU the base currency in a CSM? I know a lot of people use JPY, why not try using WCU. Just a random thought.
  • #1,431
  • Jul 3, 2020 11:24pm Jul 3, 2020 11:24pm
Quoting bojack34
{quote} Have you ever tried or heard of anyone trying to make WCU the base currency in a CSM? I know a lot of people use JPY, why not try using WCU. Just a random thought.
As far as I know WCU is not intended to use for comparing relative strength. If you want, I think you can easily make it using TradingView using symbol compare feature (need Pro version). (WCUUSD+WCUJPY+WCUAUD,...)/WCUJPY, (WCUUSD+WCUJPY+WCUAUD,...)/WCUAUD,..... I am not expert of it. You may read user manual or contact technical support for details. All I know is that's possible. I used to use Gold based CSM made with TradingView.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,432
  • Jul 4, 2020 11:32am Jul 4, 2020 11:32am
Quoting heispark
{quote} As far as I know WCU is not intended to use for comparing relative strength. If you want, I think you can easily make it using TradingView using symbol compare feature (need Pro version). (WCUUSD+WCUJPY+WCUAUD,...)/WCUJPY, (WCUUSD+WCUJPY+WCUAUD,...)/WCUAUD,..... I am not expert of it. You may read user manual or contact technical support for details. All I know is that's possible. I used to use Gold based CSM made with TradingView.
Since WCU is a basket of currencies that change value all the time it could be used as a base currency. Here is an example of the % change in value of some currencies as compared to WCU in the first half of June 2018.
Attached Image (click to enlarge)
Click to Enlarge Name: WCU.jpg Size: 117 KB
  • #1,433
  • Aug 6, 2020 2:43pm Aug 6, 2020 2:43pm
Back to the topic and to the basic question of this thread:

a friend of my friend as a former employee of a well established regulated broker said: every retail trader has lost everything or at least major part of his/her deposit during 7 months.

Do you hate me ?
  • #1,434
  • Aug 6, 2020 3:26pm Aug 6, 2020 3:26pm
Quoting Agnosios
Back to the topic and to the basic question of this thread: a friend of my friend as a former employee of a well established regulated broker said: every retail trader has lost everything or at least major part of his/her deposit during 7 months. Do you hate me ?
I don't hate you but please tell your friend that his friend who is a former employee of a regulated broker is a big liar.
  • #1,435
  • Aug 6, 2020 3:58pm Aug 6, 2020 3:58pm
Quoting Agnosios
Back to the topic and to the basic question of this thread: a friend of my friend as a former employee of a well established regulated broker said: every retail trader has lost everything or at least major part of his/her deposit during 7 months. Do you hate me ?
Dont mean to be rude, but how credible is your friend? I can assure you that there are profitable traders out there but as the statistic goes, there are more that lose money than not.

Anything worth pursuing takes time. !
  • #1,436
  • Sep 17, 2020 9:52pm Sep 17, 2020 9:52pm
I worked in finance world for many years. Here are profitable trading systems:

1. Front running
2. Insider political information
3. Exploit the market inefficiency and government policy in developing countries
4. Collaborate with a small company, buy its stocks, spread rumors, and then sell them
5. Short a company's stock, spread negative rumors, and then buy them back
6. Make fake financial report, issue shares, and then sell them in IPO
  • #1,437
  • Sep 18, 2020 1:36am Sep 18, 2020 1:36am
At least two profitable SYSTEMS / STRATEGIES (historically) are:
1 momentum investing
2 buy and hold a couple random stocks... like 30, possibly blue chip.
  • #1,438
  • Sep 18, 2020 2:18am Sep 18, 2020 2:18am
good capitalization, time and low expectations are also important.
  • #1,439
  • Sep 19, 2020 3:06pm Sep 19, 2020 3:06pm
About 1 year ago I noticed some successful traders with solid stats available for investing. Today I see 1 of them is gone... 2 years ago he attracted ~700 investors with 5 mil USD capital. Now see what happened:

Attached Image (click to enlarge)
Click to Enlarge Name: drawdown.png Size: 51 KB

He traded manually. 2 years consistent profits. And now a disaster.

And here 6 years consistent trader - still on the track:

Attached Image (click to enlarge)
Click to Enlarge Name: success_6_years.png Size: 58 KB

He attracted ~1.5 mil usd investor capital. Now on 600k capital. Why >50% capital left...? maybe because of 1st case... investors invest in multiple traders at once. So if one huge fail then it impacts capital for other traders.

But what we can see here - 6 years consistent profits, such traders exist. Won't post here links to Darwinex because can be treated as advertising..
  • #1,440
  • Sep 19, 2020 3:28pm Sep 19, 2020 3:28pm
yeah around 2 years ago many of my strategies that were doing great for years stopped doing great... This happened to many. Hence the importance of having many strategies combined. And learning to accept the sudden failure of a strategy earlier enough and adapt and change...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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