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Which systems work best at this market?

  • #1
  • First Post: Feb 1, 2008 3:43am Feb 1, 2008 3:43am
Hello everybody,

It seems that these days none of the systems work well. Please tell based on your experience which systems work best and for which pairs?
I was using Vynners system for some time but since autumn it stop working and doesn't give correct signals anymore. If it gives sometimes correct entry then exit signal would not be good.
What system is the best for raging markets?
  • #2
  • Feb 1, 2008 3:49am Feb 1, 2008 3:49am
Best system in the world for "raging" sic, markets is to stay out, either find a pair that is trending or wait for better conditions on the pairs you like to trade.

You have 3 choices when you trade, Buy, Sell or Wait, they are all as valid as each other, imho the third is the most important and the hardest to grasp.
  • #3
  • Feb 1, 2008 7:01am Feb 1, 2008 7:01am
Quoting scorpion
Best system in the world for "raging" sic, markets is to stay out, either find a pair that is trending or wait for better conditions on the pairs you like to trade.

You have 3 choices when you trade, Buy, Sell or Wait, they are all as valid as each other, imho the third is the most important and the hardest to grasp.
The safest way in forex is not to trade at all.
  • #4
  • Feb 1, 2008 11:04am Feb 1, 2008 11:04am
Quoting dzeba
Hello everybody,

It seems that these days none of the systems work well. Please tell based on your experience which systems work best and for which pairs?
I was using Vynners system for some time but since autumn it stop working and doesn't give correct signals anymore. If it gives sometimes correct entry then exit signal would not be good.
What system is the best for raging markets?
Which system is the best? That's like asking which music is the best or which car is the best.

It depends a lot on the user.

I don't like scalping, so a scalping system wouldn't be good for me. Some people don't like daily charts, so a daily system wouldn't be good for them.

The best thing for you to do is to go through this forum and test out the systems to find one that works for you. Don't rely on other people's recommendations when it comes to your money. Decide for yourself.
  • #5
  • Feb 4, 2008 3:10am Feb 4, 2008 3:10am
Quoting In2Blues
Which system is the best? That's like asking which music is the best or which car is the best.

It depends a lot on the user.

I don't like scalping, so a scalping system wouldn't be good for me. Some people don't like daily charts, so a daily system wouldn't be good for them.

The best thing for you to do is to go through this forum and test out the systems to find one that works for you. Don't rely on other people's recommendations when it comes to your money. Decide for yourself.
Maybe I asked the question incorecctly i just wanted to know if any of the systems that people use from this forum work as good as it used to be cause i already found which one was best for me , but for now it is not working that good anymore.... thats why i asked
  • #6
  • Feb 4, 2008 3:36am Feb 4, 2008 3:36am
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
use price, or just stay out
  • #7
  • Feb 4, 2008 3:56am Feb 4, 2008 3:56am
Just from curiosity ,
Did you paper trade your system for at least 1 year back before
you started trading it live ?
personally ,when I get new trading system I paper trade it for at least 1 year
back from now and see how it performs in all kind of markets .
Then I also know in which kind market I should stay out with this system .
  • #8
  • Feb 4, 2008 4:18am Feb 4, 2008 4:18am
Pairs

Aud/yen, euro/yen, gbp/yen

Sessions: Early Aisan and London

15m TF but longer TF would work well also,

System : a small variation to Igor's Zorro System. (take fewer trades, due to a filter)

Earning 500p/week on average.

I cant post my template, as its commercial in part, copyright to Igor.

Perhaps some pairs are ranging now, but on the 15m TF, using selective entries, plenty of profits are available on the Yen crosses.
  • #9
  • Feb 4, 2008 4:34am Feb 4, 2008 4:34am
Use the damiani volatimeter to learn when to trade which time frame. If you use trend lines, you can use them to find which are the trending pairs and which time frame to trade. Watch for bounces off support and resistance.

When you have mastered the above you can apply any trading system to the conditions.

Use very small lots if you're not sure.

No position is always a good position to trade.
Gone to a better place
  • #10
  • Feb 4, 2008 4:50am Feb 4, 2008 4:50am
Hi,

Hmm..another effort to find a holy grail.But first..please define "best" according to your perspective.anyho..the key is "the art of how u trade the market".I prefer the Price as my number 1 indis..then my money management as the second..then my method of exit and enter, wrapped in a healty mentallity..i never worry about the the profit..the monies that i put on the risk take all my worries ( meaning.. my biggest attention is on the money that i put as risk in everytrade)..since the first rule of how to win the market is "u can enter the market"..no money..no entering the market.2 cents
  • #11
  • Feb 4, 2008 4:52am Feb 4, 2008 4:52am
Quoting efextrader
Pairs

Aud/yen, euro/yen, gbp/yen

Sessions: Early Aisan and London

15m TF but longer TF would work well also,

System : a small variation to Igor's Zorro System. (take fewer trades, due to a filter)

Earning 500p/week on average.

I cant post my template, as its commercial in part, copyright to Igor.

Perhaps some pairs are ranging now, but on the 15m TF, using selective entries, plenty of profits are available on the Yen crosses.
Hi efextrader ,
May I ask what filter do you use for the Zorro system ?
  • #12
  • Feb 4, 2008 10:29am Feb 4, 2008 10:29am
Quoting lac_raz
Just from curiosity ,
Did you paper trade your system for at least 1 year back before
you started trading it live ?
personally ,when I get new trading system I paper trade it for at least 1 year
back from now and see how it performs in all kind of markets .
Then I also know in which kind market I should stay out with this system .
of course I paper traded it at first, I have paper traded some systems from this forum and then tried live the one i liked the most and to tell thje truth in three months it gave 100% return to the account which is really good I believe but I am just saying that right now it doesn't give the signals that good anymore and now I know that it works well in other conditions of the market and was interested what other people are using at this market
  • #13
  • Feb 4, 2008 10:32am Feb 4, 2008 10:32am
Quoting parlenk
Hi,

Hmm..another effort to find a holy grail.But first..please define "best" according to your perspective.anyho..the key is "the art of how u trade the market".I prefer the Price as my number 1 indis..then my money management as the second..then my method of exit and enter, wrapped in a healty mentallity..i never worry about the the profit..the monies that i put on the risk take all my worries ( meaning.. my biggest attention is on the money that i put as risk in everytrade)..since the first rule of how to win the market is "u can enter the market"..no money..no entering the market.2 cents
Well personally I do not think that there is a holy grail so not really looking for it but i like the way u described your trading
  • #14
  • Jul 13, 2013 2:21am Jul 13, 2013 2:21am
Quoting dzeba
{quote} Maybe I asked the question incorecctly i just wanted to know if any of the systems that people use from this forum work as good as it used to be cause i already found which one was best for me , but for now it is not working that good anymore.... thats why i asked
Any system that is consistently wrong is very good. Just do the opposite. Same with some of the threads. Bet the opposite way to the poster, once he has been identified as a loser.
  • #15
  • Last Post: Jul 13, 2013 2:19pm Jul 13, 2013 2:19pm
Quoting w_z
use price, or just stay out
use indicators, or just stay out.

You see....it depends on what your style is and what you're looking for.
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