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Can Maximum Profits be Consistently Attained?

  • #21
  • Dec 9, 2007 2:46am Dec 9, 2007 2:46am
Hi...

Well the Holy Grail for me is something special...

It works for anyone that uses it....on the specific timeframe it was designed for..

With so many trading methods and systems that are sold or taught to others....the students never seem to have the same success as the person that developed it, basically because of the human factors involved such as the fear tolerance when a trade goes against the trader, the experience of the trader, and many other personal attributes that cant be shared from 1 trader to another...In those cases it is just a good system that works ....but is not a Holy Grail.


If a holy Grail is ever designed ...in my opinion it will be a purely mechanical system......that has an exceptional win/loss ratio with risk levels that support that ratio and also that takes out the human factor....
  • #22
  • Dec 9, 2007 2:54am Dec 9, 2007 2:54am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Quoting tdion
PS) A grail will never exist, because chaos moves the markets.
That's the very reason such a Holy Grail exists, not only one but many
  • #23
  • Dec 9, 2007 2:56am Dec 9, 2007 2:56am
Quoting Angler
Hi...

If a holy Grail is ever designed ...in my opinion it will be a purely mechanical system......that has an exceptional win/loss ratio with risk levels that support that ratio and also that takes out the human factor....
I agree with this
Trainee at UBS Investment Banking
  • #24
  • Dec 9, 2007 2:57am Dec 9, 2007 2:57am
Quoting tdion
Adding to positions is the grail? And what happens when your pyramided postions move against you. The reality is that sometimes it helps and sometimes it hurts.

In the end its a push.

PS) A grail will never exist, because chaos moves the markets.
Thats when being able to spot tops and bottoms comes into play. Thats the REAL grail.
  • #25
  • Dec 9, 2007 5:32am Dec 9, 2007 5:32am
Quoting sleep1Iopen
Thats when being able to spot tops and bottoms comes into play. Thats the REAL grail.
Your grail will never exist.

Tops and bottoms only exist on the left side of the chart -- after the fact.

Before they form, as they form, after they form, as the trend continues -- at any point in the process, price can do anything, period. Therefore you cannot pick or predict tops or bottoms.

Or predict anything, for that matter.

What you can do is go with the best probability, and control your losses when wrong.
  • #26
  • Dec 9, 2007 5:52am Dec 9, 2007 5:52am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
if you lose easy, you can also win easy Once you "know the Market"!
mld
  • #27
  • Dec 9, 2007 5:58am Dec 9, 2007 5:58am
Quoting mld
if you lose easy, you can also win easy Once you "know the Market"!
mld
One would think so.
  • #28
  • Jul 17, 2009 5:08am Jul 17, 2009 5:08am
Quoting hilmy83
i have the holy grail..

i thought you had the holy grail ?? on your blog 3 trades this week and -10%.....thats holy all right holy s**t
  • #29
  • Jul 17, 2009 5:27am Jul 17, 2009 5:27am
The holy grail is a person who realizes that nothing in this world and specifically in this market is infinite, and further, a person who can apply this realization in his/her approach.

H. Rearden
  • #30
  • Jul 17, 2009 6:38pm Jul 17, 2009 6:38pm
Quoting NewstraderFX
First of all let me tell you what the holy grail is and that I don't have it.

The holy grail is not just consistently making a couple a bucks out of forex. There are many fine systems on the forum that can get you into good trades and by good I'm talkin anywhere from 21-150 pips. What's wrong with 150 pips? Nothin is really "wrong" with 150 pips but let's say that the currency eventually increases 300 from where you got in. Let's also say that in order for you to have gotten to 300-you had to ride the ups and downs and not close out just because...
If you'd traded that, using the vegas tunnel method, with a four hour tunnel as opposed to a one hour, you'd have caught the ride. Ker fuckin ching $$$£££
  • #31
  • Jul 17, 2009 6:46pm Jul 17, 2009 6:46pm
Quoting TheGreatMilenko
If you'd traded that, using the vegas tunnel method, with a four hour tunnel as opposed to a one hour, you'd have caught the ride. Ker fuckin ching $$$£££
Forgot to say, one trade doesn't matter so much. It's where you're at after hundreds of trades.
  • #32
  • Jul 17, 2009 6:49pm Jul 17, 2009 6:49pm
Quoting ycomp
I have the holy grail v2

in my opinion trading is about making good money, not maximum pips.

Pips don't make you money... Pips + Lots makes you money. Therefore, in my way of thinking, the number of pips is not altogether relevant, but the quality of the pips are.
Aren't all pips created equal?

A pip is a pip. How many lots you trade is another matter, right?
  • #33
  • Jul 17, 2009 6:50pm Jul 17, 2009 6:50pm
Quoting H. Rearden
The holy grail is a person who realizes that nothing in this world and specifically in this market is infinite, and further, a person who can apply this realization in his/her approach.

H. Rearden
How exactly would one apply this realization?
  • #34
  • Jul 17, 2009 7:02pm Jul 17, 2009 7:02pm
Quoting gbppip
Aren't all pips created equal?

A pip is a pip. How many lots you trade is another matter, right?
Pips have different values for different currency pairs, so no, they are not all equal.
  • #35
  • Edited 8:25am Jul 20, 2009 7:04am | Edited 8:25am
Quoting gbppip
How exactly would one apply this realization?
You can do this (and you have to if you want to master the markets) in many ways.

One example would be to in you trading model creation, to look for changes which indicate a possible failure. By that I don't mean that simply if a few losses come along to abandon the way you trade.

By the same token, just because a strategy produces in the recent past some outstanding winners, it does not mean it's an overall winning strategy and worse, even if it is, it will most likely not last forever (whereby 'forever' here is limited to ones trading career).

Know the phenomenon (or phenomena) your strategy is trying to exploit so well that you can spot the moment (or time) when it needs adjustment for the simple reason that markets change over time in many different ways. These changes cause rigid systems to fail or to not perform anymore. The danger lies in the very slow speed of that change that goes un-noticed by traders who do not test market condition comprehensively enough - over long periods of time.

If you have a trading model that gave you 20% annual return over 15 years with an average real equity drawdown of 5% during each year, and you find that these values starting to deviate unexpectedly, pay attention!

Unfortunately, a great deal of traders never get to that stage because their interest is too short term oriented.

H. Rearden
  • #36
  • Jul 20, 2009 7:54am Jul 20, 2009 7:54am
The real holygrail is consist of
First of all, a good trading system that must Can detect the trend and the changing of trend for short term and long term.Combine with precisition entry and exit level so can maximise profit taking. For that purpose we need leading indicators not lagging indicators for entry and exit signal.
Secondly is money management that can roll over and compounding your profit, so you capital may well multiply in short time.
Thirdly The real holy grail only need small margin to start trading.Let say maximum few hundred dollars. Start trade with small lot or mini ac
Fourth Disipline and emotion control will guide US to succeed in trading.
And I am on my way for that. Just meed more practice. Only final touch needed.
  • #37
  • Jul 31, 2009 2:54pm Jul 31, 2009 2:54pm
Send me your money or I will throw a tantrum.
FF = Forex Faggots
  • #38
  • Jul 31, 2009 4:47pm Jul 31, 2009 4:47pm
Ribbit wrote "when Holy Grail comes to my mind, 100% wins is what i think..."

Looks like you guys never heard of the robominer. I have personally traded this system which is called the golden grid system for over 15 months on a live account with IBFX. In that time I opened and closed over 2500 trades with only one loss for 8 cents. That was from early on when a trade that had been held open for a long time closed at its normal profit but the negative swap ate up the profits. The programmer of this EA fix that swap problem and we have not had a single loss since. In the first year we cleared over 300% profit. The money management strategy actually makes the account safer and safer as your balance goes up and you have more to lose.
just because a holy grail never existed before doesn't mean it never will. With mathematical trading there is a whole new game a foot.
http://static.forexfactory.com/forex...c/progress.gif
Someone else wrote that he believed that the Holy grail was the trader, not the system. I hardly touch the thing, it is set up on a VPS and takes care of itself. Sort of set and forget. But No one has to take my word for anything, anyone can down-load it free to use on a demo. For as long as you like but you have to do it on a broker from outside the US. I had to move my account outside the US because of FIFO.
  • #39
  • Last Post: Jul 31, 2009 4:57pm Jul 31, 2009 4:57pm
Quoting Forex-assist
Looks like you guys never heard of the robominer. I have personally traded this system which is called the golden grid system for over 15 months on a live account with IBFX. In that time I opened and closed over 2500 trades with only one loss for 8 cents. The money management strategy actually makes the account safer and safer as your balance goes up and you have more to lose. Someone else wrote that he believed that the Holy grail was the trader, not the sys

Save it bro we've heard it all b4
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