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Poll (Most Profitable?)

  • #21
  • Jan 10, 2007 11:01pm Jan 10, 2007 11:01pm
Quoting steinitz
You can't back test the SDRC system using historical charts. If you try to figure out if the system made money without getting stopped out it's impossible to know. During the day you can't see the price movement within the body of the candle. Price fluctuates but you can't see it.
So if you don't have access to minute data that makes up every daily backtested candle you are performing "mental masturbation".
LOL, who said about backtesting it? The guys & Gals in my thread are trading live with it every trading days. Ask them!!

All the best!

OR
Change Your Thinking. Change Your Life - JD
  • #22
  • Jan 10, 2007 11:02pm Jan 10, 2007 11:02pm
I agreed with the reviews in here. The only way to be unbiased is if one have tested all the systems you are polling else it is not a true measure of its profitability in trading. And I hope also that profitability mean for live trading, and not back testing or demo.... Some the systems listed I have tested, but its not fair for me to vote if I have never tried some of the other systems else it would be misleading if someone came along as say since this system is popular, let me try it live, and also to face a disaster. I know that some will take the poll at face value without even demo'ing it to prove its effectiveness for him/her. What may work for others does not mean it will work for all....
  • #23
  • Jan 10, 2007 11:27pm Jan 10, 2007 11:27pm
Quoting jarcrocker
Did someone say something about a "black box" that makes pips!! I've been looking for that my whole life!!! Doesn't the gov't have one?
LOL. Every aircraft has a black box. It has something to do with malfunction, accident, crash, or anything like that. Black box in forex trading?
  • #24
  • Jan 10, 2007 11:51pm Jan 10, 2007 11:51pm
Listen the comments in this thread are funny, and I know funny!



If you wanna double your money fold it in half.

Why is there so many different systems on this forum? Answer:

Because this business is brutal with spreads, slippage and thiefs. Let alone trying to predict direction. As soon as your system works if starts to fail and everybody is looking to find a better way.

Show me one person making consistent money laughing all the way to the bank and I'll show you a person NOT on this forum.

Sometimes gambling and trading is more work then working......
  • #25
  • Jan 11, 2007 12:03am Jan 11, 2007 12:03am
The SRDC method is not complete yet, there are levels 3 and 4 to come. The method makes trading fx more enjoyable. Since it is about price action, trading "naked" is possible! Now grandmas can also make money trading forex, LOL... I love this method!
  • #26
  • Jan 11, 2007 12:16am Jan 11, 2007 12:16am
Quoting BillGates
The SRDC method is not complete yet, there are levels 3 and 4 to come. The method makes trading fx more enjoyable. Since it is about price action, trading "naked" is possible! Now grandmas can also make money trading forex, LOL... I love this method!
Dude, You have broken one of the cardinal rules of Forex.

Rule #127 "Never use the words grandma, naked, and forex in the same sentence." You have just ruined my profitablility for the next week!!!
  • #27
  • Jan 11, 2007 1:09am Jan 11, 2007 1:09am
Well you all know i enjoy SRDC threads and models !!!!

BUT in all fairness, there was one "model" that was left out of the list, and i believe, in my time at FF and in trading i've seen nothing that has inspired me and taught me more....

James16's Price Action and his simple "Base 150" S/R model which is a subset of his PA teachings.

: ) Thom
  • #28
  • Jan 11, 2007 2:02am Jan 11, 2007 2:02am
Dear Traderbill..

Sorry, for that confusuion, how can i change the Poll.

Sorry for confusion.

Quoting Traderbill07
You should combine SRDC I and II to make it fair. This splits the votes. You have Vegas under Wealth Builder when their is Vegas one hour tunnel and 4 hr, etc. SRDC is really one system.


Thanks,
Traderbill
Thanks and Regards Zamir M Iqbal
  • #29
  • Jan 11, 2007 2:28am Jan 11, 2007 2:28am
SRDC, try it; you'll like it. The best is yet to come.
  • #30
  • Jan 11, 2007 2:40am Jan 11, 2007 2:40am
Dear All, Thanks for your info..

One NEWBIE question:

Is it possible for two different profitable system to give two opposite signal. For Example ( it is just an example ) , BAGOVINO is giving buy signal but at same time SIDUS is giving sell signal.

How would you know which one is correct....

may be its is stupid question but just came to my mind and looking for answer...

RThanks

P.S> Where the hell is Mouteki.....Any one know???
Thanks and Regards Zamir M Iqbal
  • #31
  • Jan 11, 2007 2:47am Jan 11, 2007 2:47am
Quoting zamiriqbal
Dear Traderbill..

Sorry, for that confusuion, how can i change the Poll.

Sorry for confusion.
I am not sure how you would change it. You may have to PM Merlin. It is okay though, I was just pointing out they were part of the same system.
Good job on poll, it is fun to see what everyone thinks.

Traderbill
  • #32
  • Jan 11, 2007 7:30am Jan 11, 2007 7:30am
With other systems I have never been close to the sucsess I have with SRDC 1 and 2 after reading the teaching of Mr Roshan. Reading it you get a solid framework for how to trade price action.

Ill be thankfull to this guy forever.
  • #33
  • Jan 11, 2007 7:35am Jan 11, 2007 7:35am
I think the bagovino gets you in the trade sooner but the srdc is more consistent,just my .02
  • #34
  • Jan 11, 2007 7:46am Jan 11, 2007 7:46am
I guess it DEPEND on individual..with differnt Postioning..all the system have the adv and disadvantge and i prefer the system with lowest drawndrawn which is DOT DOT DOT????
  • #35
  • Jan 11, 2007 8:05pm Jan 11, 2007 8:05pm
I admit I have not traded every system listed but I have traded most of them. I am not married to any one system or mentor and will jump ship as soon as I find and long term test a better system that I have now. I have spent hundreds of hours testing methods (I work for a brokerage firm and have the time and resources to test that some may not have) I am currently trading SRDC and make consistent profits on a live account. Retiring and trading FOREX naked from my easy chair while watching cartoons is very attainable within 6 months and telling “the man” See Ya. SRDC can be maybe not mastered (that take time, effort and dedication and a hell of a lot of studying and learning) but for newbies it is one of the best systems I can recommend and OR is a top notch mentor and very patient and well organized trainer.

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p.s. backtesting on SRDC is not that difficult. Check the H/L of the daily, then open a hourly and match first daily candle to first tick on daily. See where the 1H breaks High or Low and see how many pips move in that same direction on the hourly candles before it turns and a trailing stop is hit. Here do this once hourls breaks the former days H/L line see how far it goes before it turns by ohhhh lets say…20 pips and goes the other way. Do it for 10 trading days on two majors. If you like what you see keep testing, if you don’t then you did something wrong. Go study more then come back and read my post. And how to back test it. Forget the channel the indecators, you can trade this on nothing but candles and make more, WAY more pips then you loose. Use money management so you don’t blow up your account and grow you account and knowledge of the market slowly. A year latter you will retire and 35 like I will. SRDC is very profitable knowledge is the corner stone, discipline is key.
  • #36
  • Jan 11, 2007 8:10pm Jan 11, 2007 8:10pm
i do the wavy tunnel and exploring a new method of trend line trading on a five minute chart. seems pretty interesting and good for momentum trades
  • #37
  • Jan 12, 2007 12:33am Jan 12, 2007 12:33am
I have done what you said about back testing and limiting myself to the 1H charts. I do admit you can back test this without 1 min charts if you assume you are stopped out with let's say 30 pips.
The EUR looked like it just made it testing back about 7 days. So I started looking at Cable and right off the bat there was two loosers on 1/7 and 1/10. That would kill my small profits quickly. It reminds me of the martingale system where you make a lot of small wins with the enevitable big looser. This is different but a similiar theme.
I once had a system to scalp 10 pips which would run nicely for awhile then the big looser. You could apply the same startegy to a 4 hr or 1 hr chart. You just adjust your profit target down when using shorter timeframes.
With me the jury is still out.

Quoting tdp00re
I admit I have not traded every system listed but I have traded most of them. I am not married to any one system or mentor and will jump ship as soon as I find and long term test a better system that I have now. I have spent hundreds of hours testing methods (I work for a brokerage firm and have the time and resources to test that some may not have) I am currently trading SRDC and make consistent profits on a live account. Retiring and trading FOREX naked from my easy chair while watching cartoons is very attainable within 6 months and telling “the man” See Ya. SRDC can be maybe not mastered (that take time, effort and dedication and a hell of a lot of studying and learning) but for newbies it is one of the best systems I can recommend and OR is a top notch mentor and very patient and well organized trainer.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

p.s. backtesting on SRDC is not that difficult. Check the H/L of the daily, then open a hourly and match first daily candle to first tick on daily. See where the 1H breaks High or Low and see how many pips move in that same direction on the hourly candles before it turns and a trailing stop is hit. Here do this once hourls breaks the former days H/L line see how far it goes before it turns by ohhhh lets say…20 pips and goes the other way. Do it for 10 trading days on two majors. If you like what you see keep testing, if you don’t then you did something wrong. Go study more then come back and read my post. And how to back test it. Forget the channel the indecators, you can trade this on nothing but candles and make more, WAY more pips then you loose. Use money management so you don’t blow up your account and grow you account and knowledge of the market slowly. A year latter you will retire and 35 like I will. SRDC is very profitable knowledge is the corner stone, discipline is key.
  • #38
  • Jan 12, 2007 4:45am Jan 12, 2007 4:45am
Quoting jarcrocker
This poll can only be unbiased if every voting member has used every trading system. You can't honestly say one system is more profitable than another unless you have tried them. Plus there are alot more users of some systems here than others. The most accurate, unbiased method would be let people judge results. Instead of voting perhaps we could post % results over a period of time trading with specific % drawdown. That would give an accurate, level playing field.
I'm agree with you and I'm surprised nobody reacted to your post. I also believe some traders didn't try none of the trading system listed but in order to know the results of the poll, they are just voting at random, so that they can see which system is the most profitable. In that way, the results are obviously biased.
  • #39
  • Jan 12, 2007 5:18am Jan 12, 2007 5:18am
Quoting hyinvestp
I also believe some traders didn't try none of the trading system listed but in order to know the results of the poll, they are just voting at random, .
Just a quick point..you don't need to vote to see the results of the poll..just click 'View Poll Results' at the top of the thread.


Neil.
  • #40
  • Jan 12, 2007 7:10pm Jan 12, 2007 7:10pm
Quoting steinitz
I have done what you said about back testing and limiting myself to the 1H charts. I do admit you can back test this without 1 min charts if you assume you are stopped out with let's say 30 pips.
The EUR looked like it just made it testing back about 7 days. So I started looking at Cable and right off the bat there was two loosers on 1/7 and 1/10. That would kill my small profits quickly. It reminds me of the martingale system where you make a lot of small wins with the enevitable big looser. This is different but a similiar theme.
I once had a system to scalp 10 pips which would run nicely for awhile then the big looser. You could apply the same startegy to a 4 hr or 1 hr chart. You just adjust your profit target down when using shorter timeframes.
With me the jury is still out.

This is not really a scalping system, it is more of a incremental system, where you lock in profits early then depending on ones trading depends on where you take the rest of the profit off the table at. People seem to think this system is designed to rake in 5-10 pips a day and although it is, it is more designed to lock in a profit early and take profits as price moved. When you set profit at 10 pips and stop loss at 30 well I can see where the conception of a loosing system comes into play. But if you set the trades up right (based on OR teaching) and give the system a try for a few weeks you will see the price moves way past previous days H/L and if you add the 3-5 pips onto the entry point to make sure price is breaking past the previous H/L it will work. The amount of people following this system, my own experience trading the system lends evidence the system works and works very well. Don’t just read a clip or one person post on the system. LEARN the system – its not very difficult to master the fundamentals (10 hours of research and study time should surface depending on trading experience…more for newer newbies) then test the system.
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