Hi,
I've been reading a lot here in FF, and I have a question for the wiser and older here.
It seems to me that there's a thousand systems involving some indicators, followed by "interesting, I'll try it this weekend", followed by "this is the closest to the H.G. I've seen" followed by "Can anyone program the EA?" followed by a couple of pages changing the subject, and that's it.
I've seen a lot of systems here, I've tested some, I've made tweaks here and there, and then moved to the next one.
I'm begining to wonder if I'm in a big % of readers here that just go with the tide, uuup, dooown, uuup, dooown, reading, saying "Here it is!", testing, saying "Ok, this isn't it", moving to the next.
My question for the wiser and older is: Has there been a system posted here with real, live results, that has shown to be profitable?
I know this can be answered with:
a) It's not the system, is the trader.
b) A system that works for a person won't work for another.
c) The H.G. is not a system but a way of trading.
d) Every system fails at some point (traslation: "I thought I had it this time, just to find out that I finally get chopped (again) after the bulls have gone and the bears have not arrived")
d) etc.
My question is simpler and drier, not philosophical: Is there a recipie among the systems posted here that has worked consistently for months? Look this indicator, look that one, if this >20 and that=red bar, then buy, when that <10 and that other one = purple, then sell.
I'm begining to wonder if there are really systems using technical analysis or if all of this is just a mental mastur... game: talking, reading, posting charts, time pasing, and after 10 years, the conclusion: well, they were right, we can't predict the future. I never went live, although I had a great time, thank God I chose "technical analysis" instead of Sudoku, at least I made some friends in the forums
Again, I'm not trying to ask for philosophical advice or metaphysics of trading (there's a lot of that), just a link or two (posibly not by the creator of a thread) to see if there's a light at the end of the tunnel after months and months of reading, studying and programming.
Thanks in advance
I've been reading a lot here in FF, and I have a question for the wiser and older here.
It seems to me that there's a thousand systems involving some indicators, followed by "interesting, I'll try it this weekend", followed by "this is the closest to the H.G. I've seen" followed by "Can anyone program the EA?" followed by a couple of pages changing the subject, and that's it.
I've seen a lot of systems here, I've tested some, I've made tweaks here and there, and then moved to the next one.
I'm begining to wonder if I'm in a big % of readers here that just go with the tide, uuup, dooown, uuup, dooown, reading, saying "Here it is!", testing, saying "Ok, this isn't it", moving to the next.
My question for the wiser and older is: Has there been a system posted here with real, live results, that has shown to be profitable?
I know this can be answered with:
a) It's not the system, is the trader.
b) A system that works for a person won't work for another.
c) The H.G. is not a system but a way of trading.
d) Every system fails at some point (traslation: "I thought I had it this time, just to find out that I finally get chopped (again) after the bulls have gone and the bears have not arrived")
d) etc.
My question is simpler and drier, not philosophical: Is there a recipie among the systems posted here that has worked consistently for months? Look this indicator, look that one, if this >20 and that=red bar, then buy, when that <10 and that other one = purple, then sell.
I'm begining to wonder if there are really systems using technical analysis or if all of this is just a mental mastur... game: talking, reading, posting charts, time pasing, and after 10 years, the conclusion: well, they were right, we can't predict the future. I never went live, although I had a great time, thank God I chose "technical analysis" instead of Sudoku, at least I made some friends in the forums
Again, I'm not trying to ask for philosophical advice or metaphysics of trading (there's a lot of that), just a link or two (posibly not by the creator of a thread) to see if there's a light at the end of the tunnel after months and months of reading, studying and programming.
Thanks in advance
. As anyone who trades is well aware, there is no holy grail. Never will be, as the market moves in a random manner at all times. So, what we have are thousands of traders spending extrordinary amounts of time reviewing virtually every trading system submitted. The result, most end up back at the drawing board
. It has been my experience that it seems much less mentally draining to just keep it simple. Especially with the indicator stuff, as there has never been a mechanical system invented that produces a high win/loss record all by itself. Sad but true
. That said, it should be obvious that in order to trade well, you are simply forced to look at the mental aspect of trading and are then required to incorporate some aspect of both (mechanical and discretionary) into your personal trading plan. There is simply no way around this fact, to think otherwise is to continue to set yourself up for disappointment. Now, what is the definition of success? Who knows? It varies with every individual. As for myself, I am a scalper. In addition, I do this for a living
. As such, my own trading philosophy is simple. I have but a few indicators, and I simply take the signals they provide and trade them accordingly. I only go after 3-7 pips per trade and trade only the 5m TF. Sounds easy enough, but there are other issues to consider. Again, the market is RANDOM, not PREDICTABLE. So, you have to get a mental aspect in place to complement your mechanical system. I believe there is a "probability" aspect that you can incorporate into a system, especially a scalping system. Over a pretty good period of time, I have found the following to be true, at least for me. I will take all the trade setups given, trade each with basically the same amount of money, and over a weeks period of time, will win from 75-90% of my trades. I have managedto draw a good bit of interest in my methodology, and there are some who say it has been successful for them also. Now, I will stop at this point and simply ask that you visit the thread. You will find ample opportunity to PM many on there to give a response as to what they feel about this plan. It may be as successful as some, or not as much as others. However, if you want consistentcy, and are willing to do just a bit of work, then the methodology will serve a person well. ("Scalping the Eur/Usd Effectively"). In short, trading simply must encompass both mechanical and discretionary aspects. One does nothing without the other. I cannot begin to tell you how many professional traders will tell you the same thing. Until one decides to incorporate both aspects into their trading, it will always be a "demo" and just a never ending game. Sorry for the long 1st post. Am sure others will vehemently disagree. Such is life, you asked for an opinion and I provided one. Hope this gets your thread off to a rousing start and you find the answers you are seeking. Best Regards, X 
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