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To those that "share" trading systems

  • #1
  • First Post: Edited Jul 9, 2023 2:53am Jul 8, 2023 7:49am | Edited Jul 9, 2023 2:53am
90% + of everything posted on this site is useless. Small time scammers looking to gather an audience to sell signals, systems or indicators to. A handful of people that actually know how to trade, but talking mostly in riddles or just plain trolling the hell out of everyone. And the majority of people here like myself that are just clueless noobs looking for some reliable information.

If you want to help by sharing your system, approach, indicator, whatever. Please explain in a clear way the how and the why of entries, stops and exits. Give at least 20 to 30 clear and consistent examples of entry, stop and exit. And lastly but most importantly a profit and loss statement from your broker for the same trades. Anything less than this is pure nonsense and no one with half a brain should bother. There is no such thing as "discretionary" or "if you trade like me you'll lose". Either what you do is repeatable according to a clear ruleset or it's pure luck and cherry picking c^%p.
  • #2
  • Jul 8, 2023 8:42am Jul 8, 2023 8:42am
Svetul4o,
I do agree with the principle of your comments and I have spent many years sorting out the bad from the good Indicators and Systems....
I would like to placed in the last position of many that may have the nerve to reply but I am confident of my abilities and you will see my name in many places.
Enjoy the weekend.
cpfleger
  • #3
  • Jul 8, 2023 9:58am Jul 8, 2023 9:58am
The system is the less important of the equation. You can trade breakouts, pullbacks, range, reverse , continuation and so on.
The key is to maintain the losses small and let the profit run.

Cheers
Uncertainty of the market must be embraced and accepted.
  • #4
  • Edited 11:55am Jul 8, 2023 11:20am | Edited 11:55am
Quoting Svetul4o
90% + of everything posted on this site is useless. Small time scammers looking to gather an audience to sell signals, systems or indicators to. A handful of people that actually know how to trade, but talking mostly in riddles or just plain trolling the hell out of everyone. And the majority of people here like myself that are just clueless noobs looking for some reliable information. If you want to help by sharing your system, approach, indicator, whatever. Please explain in a clear way the how and the why's of entry, stop and exit. Give at least...

You are right, most of Forex Factory's content is useless.

That is because the profitable traders are trading and not managing a thread.

Profitable traders don't want in any case share the golden goose. It is a zero sum game, the more peoples that trade the same strategy the less profitable it will be.

So if anyone do share a profitable strategy on Forex Factory, it is either newbies that haven't a clue and are fooled by randomness or by some professionnel that knows only to profit from markets "by teaching"...

What you are actually asking is a profitable strategy with track records from someone who worked his ass off to get where he is, because it's a very, very competitive business, all of that for free ?!

That will never ever happen, grow up dude !
  • #5
  • Jul 8, 2023 3:05pm Jul 8, 2023 3:05pm
Quoting LDTrading
{quote} You are right, most of Forex Factory's content is useless. That is because the profitable traders are trading and not managing a thread. Profitable traders don't want in any case share the golden goose. It is a zero sum game, the more peoples that trade the same strategy the less profitable it will be. So if anyone do share a profitable strategy on Forex Factory, it is either newbies that haven't a clue and are fooled by randomness or by some professionnel that knows only to profit from markets "by teaching"... What you are actually asking...
You can't have a zero sum game in an inflationary environment and on a retail level it makes less than zero difference what game it is. No one gives a f&ck about yours or mine miniscule sized bets. And no, a strategy works better when everyone is using it. Its the market movers that trade against it that make it stop working.
  • #6
  • Jul 9, 2023 2:50am Jul 9, 2023 2:50am
Quoting Svetul4o
90% + of everything posted on this site is useless. Small time scammers looking to gather an audience to sell signals, systems or indicators to. A handful of people that actually know how to trade, but talking mostly in riddles or just plain trolling the hell out of everyone. And the majority of people here like myself that are just clueless noobs looking for some reliable information. If you want to help by sharing your system, approach, indicator, whatever. Please explain in a clear way the how and the why's of entry, stop and exit. Give at least...
Have a look at Laura T's Roadmap thread. She does all the things you are looking for.
All you touch and all you see, is all your life will ever be.
  • #7
  • Jul 10, 2023 6:01pm Jul 10, 2023 6:01pm
Quoting Svetul4o
{quote} You can't have a zero sum game in an inflationary environment and on a retail level it makes less than zero difference what game it is. No one gives a f&ck about yours or mine miniscule sized bets. And no, a strategy works better when everyone is using it. Its the market movers that trade against it that make it stop working.

Says the guy that is hunting for strategies, like he were entitled to it just by browsing on Forex Factory !
  • #8
  • Jul 11, 2023 5:35am Jul 11, 2023 5:35am
Quoting LDTrading
{quote} Says the guy that is hunting for strategies, like he were entitled to it just by browsing on Forex Factory !
I will refer you to my first post. Especially the part about the small time scammers and trolls. You fit right in. 90%+
  • #9
  • Jul 12, 2023 3:01am Jul 12, 2023 3:01am
Quoting Svetul4o
90% + of everything posted on this site is useless. Small time scammers looking to gather an audience to sell signals, systems or indicators to. A handful of people that actually know how to trade, but talking mostly in riddles or just plain trolling the hell out of everyone. And the majority of people here like myself that are just clueless noobs looking for some reliable information. If you want to help by sharing your system, approach, indicator, whatever. Please explain in a clear way the how and the why of entries, stops and exits. Give at...

Maybe because trading is extremely hard business with low survival rate? Also it's quite naive to expect that something really useful can be shared in the internet. It's same to demand firm to reveal their know-hows to the public just because it's good to help each other.
  • #10
  • Jul 12, 2023 5:09am Jul 12, 2023 5:09am
Quoting pizd0s
{quote} Maybe because trading is extremely hard business with low survival rate? Also it's quite naive to expect that something really useful can be shared in the internet. It's same to demand firm to reveal their know-hows to the public just because it's good to help each other.
Dude I don't demand or expect anything from anyone, but on the trading systems portion of this site there are 3,237 Threads with 1,324,869 Replies. I am confident that most of these are pure garbage, but I also do believe that there are people that actually want to help others. Given that any trade can be faked on Meta Trader, which I assume is the main reason for its popularity, the only reasonable way to weed out the crap is by the method I described in my first post. It's not that hard to do and it does not require thread management and what not. Otherwise we can all just agree that this forum and all the others like it have no value at all.
  • #11
  • Jul 12, 2023 6:15am Jul 12, 2023 6:15am
Most people don't know how to generate an idea, implement a model and do quantitative analysis. Since it takes so much effort to make a good system, I highly doubt anyone would share his/her hardworking research.
  • #12
  • Last Post: Jul 31, 2023 2:40am Jul 31, 2023 2:40am
Quoting Svetul4o
{quote} Dude I don't demand or expect anything from anyone, but on the trading systems portion of this site there are 3,237 Threads with 1,324,869 Replies. I am confident that most of these are pure garbage, but I also do believe that there are people that actually want to help others. Given that any trade can be faked on Meta Trader, which I assume is the main reason for its popularity, the only reasonable way to weed out the crap is by the method I described in my first post. It's not that hard to do and it does not require thread management and...

The problem is that guys who share they crap system do believe that they found something based on their temporary winning streak or 2-month history of gains. Easy to mix luck with edge and report that you discovered something working. I don't think they do that intentionally
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