Holy grail trading system wanted, or nearest thing to it! | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Developing the "Holy Grail" Trading System 4 replies

The Holy Grail of Trading 24 replies

The Pimpster's Simple system, not the holy grail, but darn close 25 replies

Holy Grail? (Why most people think that this is a system?) 6 replies

Attachments: Holy grail trading system wanted, or nearest thing to it!
Exit Attachments

Holy grail trading system wanted, or nearest thing to it!

  • #1
  • First Post: Feb 16, 2007 9:44am Feb 16, 2007 9:44am
Hi

this is a serious post, please don't think i'm being flippant or lazy.

I've spent hours beginning to trawl through various threads on FF, such as the PhilNel 5 min strategy, and the Mouteki 4 hour system.
My preference is for short term strategies, as that is what i do at present.

My aim is to improve and use as good a strategy as possible. Therefore, if anyone is aware of any REALLY good trading systems (the type that people sell for 100's or 1000's of dollars on various websites) but have been kindly posted on this site for free, I would be really grateful if I could be directed to them.

Many thanks
Jimbil.
  • #2
  • Feb 16, 2007 12:14pm Feb 16, 2007 12:14pm
So, you want the Holy Grail and in addition you want it for free.

Why would somebody who has a profitable system (I don't say the Holy grail but a profitable system) would give it for free to you? Any good reason?
  • #3
  • Feb 16, 2007 3:24pm Feb 16, 2007 3:24pm
Would someone kindly explain the rules of this "Game"?

It seems that there are two rules on this website:

1) No one is allowed to claim that there is a method of trading that creates a high win/loss ratio or high reward/risk ratio, because apparently the "accepted dogma" is that this is impossible. This rule, of course, isn't strictly enforced, but a thread that I started about the subject was labelled "satire", frozen and moved into the dungeon of the "classified section".

2) No one is allowed to tell anyone else how to make money in the Forex market through a method other than reading the Factory Forex threads and doing what the people on this forum are recommending - ie. - developing Metatrader EA's or following low yield, freely distributed trading "systems" that one must implement themselves after laboriously studying them and then doing one's own analysis and trade execution. ie. - references to any paid product or service (other than those offered by this site) such as any commercially distributed trading system, course, commercially available trading software or signal service may not be discussed or referenced on this forum.

Is that correct?

The sponsors and administrators of this forum are free to do as they please. The visitors to this forum should, however, be told if there are scrupulously enforced limits to the debate and discussion that can occur here. Whenever I see strict censorship of valuable, sincere, helpful information, which by the way is common in many arenas, not just this one, then I suspect that self-interest rather than truthfulness and helpfulness may be the motivating agenda. I know that protection of the readership from being duped by scams is the rationale for limiting the debate and discussion, but the objection I and others might raise is that by silencing all discussion of allegedly highly successful trading systems or methods one may also being throwing out the proverbial baby with the bathwater.
  • #4
  • Feb 16, 2007 5:00pm Feb 16, 2007 5:00pm
I will posting the long awaited holy grail on monday. Just look for the thread "interesting GBP/USD crossever system". lol
  • #5
  • Edited 4:30am Feb 17, 2007 3:02am | Edited 4:30am
Quoting jlpi
So, you want the Holy Grail and in addition you want it for free.

Why would somebody who has a profitable system (I don't say the Holy grail but a profitable system) would give it for free to you? Any good reason?
It may sound a bit of a desperate or silly question ask to, but then if you never ask, you never get to know...........lifes too short to worry about sounding silly on an anonymous bulletin board!

If there is such a thing as a highly profitable trading system, that is better than the every day system that is posted for free on sites like this, which at best will return gross profits greater than gross losses, if you strictly follow the trading plan, surely some kind hearted souls would have posted theirs for free by now, having already made their own small fortune from trading.

They would do this simply for the pleasure of helping others succeed.

They could do this because forex is a $2 trillion per day market, with enough potential profit to go around and split between many, without the fear of some guy reducing anothers ability to get filled at a certain price, due to lack of available volume.

Because (as far as i am aware) this hasn't happened yet (please correct me if i am wrong and direct me to the right thread), and the only people who are making bold claims about their supposedly superior trading systems are selling their systems for hundreds or thousands of $'s, this leads me to suspect there is no such thing as a trading system that is significantly better than the averagely good trading system that will return bigger gross profits than gross losses.

However, i would like to think i am wrong, and that superior systems do exist, which i will either develop myself (at which point i will share my knowledge, or will do so once I've made £1000,000), or that such a system is freely available on this website.

Maybe using the term holy grail is wrong, what i am looking for are trading systems that are superior in their performance to the averagely good system that at best makes greater gross profits than gross losses.

Surely i cannot be breaking any forum rules, for sincerely and honestly making these harmless and innocent requests/comments.

I'm not one to try and be controversial.

Many thanks.
  • #6
  • Feb 17, 2007 9:34am Feb 17, 2007 9:34am
Jimbil, your statement that if someone had a highly profitable system of trading they would necessarily post it on this site for free sounds silly to me. I personally know of several such trading systems, including complex software systems, trading systems that operators need to execute, EA's, and signal services, none of which have been offered for free on this site. If they were, the owners and developers of those systems would sue this site for posting proprietary information here.
  • #7
  • Feb 17, 2007 1:00pm Feb 17, 2007 1:00pm
The holy grail the great majority of the time is your own well developed and tested system not someone else's. However there are good systems being shared and one trader could be using a system and they may be very profitable with it and think of it as a holy grail and then another person comes along and fails miserably with it. The grail is a product of your own hard work. The grail is your own insights discovered after looking at charts for countless hours and gaining simple and or profound insights thru your own effort. A significant part of the grail is managing your emotions and managing your money, those two are kissing cousins. The grail isn't necessarily a technical strategy though that might be a part of it depending on the unique journey and creativity of the trader. The grail itself is the person applying the strategy. If you haven't found the holy grail yet then you might start looking interiorly instead of exteriorly.
  • #8
  • Feb 17, 2007 4:00pm Feb 17, 2007 4:00pm
Quote
They would do this simply for the pleasure of helping others succeed.
Many people help out on forums like this for the satisfaction of helping others. I like to help where I can. But there is a difference between helping out and giving away the farm.

Quote
They could do this because forex is a $2 trillion per day market, with enough potential profit to go around and split between many, without the fear of some guy reducing anothers ability to get filled at a certain price, due to lack of available volume.
At best this is naive. The $2 trillion belongs to someone else and if you want it you will need to be smarter, faster, stronger etc., than those running that money. The $2 trillion didn't get to that size by being dumb money. From a practical standpoint, at any one price level (bid/ask) there is limited supply/demand and liquidity vacuums do empirically exist, just take a look at a typical news report time for multiple examples of this. Liquidity is a scarce resource, not an unlimited one. That is the nature of supply and demand and that is why prices move. Think of limitless bid/ask size. Price would never move. That would suck. But because price moves (and it moves a lot) we can discern that the size at any given level is finite. Prices naturally move from level to level based on buying and selling and that buying and selling absorbs all the (finitie) size at a given price point.

Quote
...this leads me to suspect there is no such thing as a trading system that is significantly better than the averagely good trading system that will return bigger gross profits than gross losses.

Maybe using the term holy grail is wrong, what i am looking for are trading systems that are superior in their performance to the averagely good system that at best makes greater gross profits than gross losses.
For any given trading system or concept, there is a better mousetrap somewhere in existence or waiting to be discovered. The fact is that a system that procuces bigger gross profits than gross losses isn't an average system. It is a superior system. Average systems in this game don't make money. There may be more superior systems but what is the incentive to share for free the results of a superior system when doing so may well eliminate the advantage and destroy the system, precisely because liquidity is finite at any given price point, and it would only take one large fund trading size to destroy your edge.

You should read the following post several times to understand the concepts involved:
http://www.forexfactory.com/showthre...698#post206698
  • #9
  • Feb 17, 2007 9:03pm Feb 17, 2007 9:03pm
it's all about price. grin.

http://www.accrete.com/fx-atm/pix/grailspoof.gif

hehe.
OK so markets are closed and i'm bored.
; ) THom
  • #10
  • Feb 17, 2007 9:09pm Feb 17, 2007 9:09pm
Quoting accrete
it's all about price. grin.

http://www.accrete.com/fx-atm/pix/grailspoof.gif

hehe.
OK so markets are closed and i'm bored.

; ) THom
Ok, question for you on this set up.
It's all about price.
Would you project it to go down or up?
Thanks
  • #11
  • Feb 17, 2007 9:14pm Feb 17, 2007 9:14pm
Quoting Just1Pip
Ok, question for you on this set up.
It's all about price.
Would you project it to go down or up?
Thanks
up
  • #12
  • Feb 17, 2007 11:29pm Feb 17, 2007 11:29pm
my crystal ball says it will go up.... i project... 1.9680 before a drop to 1.9465. Oh, sheesh, that was last week. Humm. This week's projection?

Up
Down
and some sideways.

; - ) Thom
  • #13
  • Feb 18, 2007 10:53am Feb 18, 2007 10:53am
No such thing.
Trade what you see, not what you think.
  • #14
  • Feb 20, 2007 2:27am Feb 20, 2007 2:27am
Quoting jimbil
It may sound a bit of a desperate or silly question ask to, but then if you never ask, you never get to know...........lifes too short to worry about sounding silly on an anonymous bulletin board!

If there is such a thing as a highly profitable trading system, that is better than the every day system that is posted for free on sites like this, which at best will return gross profits greater than gross losses, if you strictly follow the trading plan, surely some kind hearted souls would have posted theirs for free by now, having already made their own small fortune from trading.

They would do this simply for the pleasure of helping others succeed.

They could do this because forex is a $2 trillion per day market, with enough potential profit to go around and split between many, without the fear of some guy reducing anothers ability to get filled at a certain price, due to lack of available volume.

Because (as far as i am aware) this hasn't happened yet (please correct me if i am wrong and direct me to the right thread), and the only people who are making bold claims about their supposedly superior trading systems are selling their systems for hundreds or thousands of $'s, this leads me to suspect there is no such thing as a trading system that is significantly better than the averagely good trading system that will return bigger gross profits than gross losses.

However, i would like to think i am wrong, and that superior systems do exist, which i will either develop myself (at which point i will share my knowledge, or will do so once I've made £1000,000), or that such a system is freely available on this website.

Maybe using the term holy grail is wrong, what i am looking for are trading systems that are superior in their performance to the averagely good system that at best makes greater gross profits than gross losses.

Surely i cannot be breaking any forum rules, for sincerely and honestly making these harmless and innocent requests/comments.

I'm not one to try and be controversial.

Many thanks.


Jimbil:

Read all of jacko's posts in this forum. He is
a successful trader.
  • #15
  • Feb 20, 2007 2:52am Feb 20, 2007 2:52am
Quoting winterwhite
Jimbil:

Read all of jacko's posts in this forum. He is
a successful trader.
who is jacko??
  • #16
  • Feb 20, 2007 10:35am Feb 20, 2007 10:35am
Quoting amenlo9
who is jacko??

amenlo:

Jacko is an older gentleman, by his description of himself.
His trading system is simple. He is possibly the most successful
trader on this forum.

Just click on Members List in the above menu. Then click on
member search to the top extreme right. Type in jacko and
you will see an option there to read all his posts. Very
interesting and well worth the read.
  • #17
  • Feb 20, 2007 11:48am Feb 20, 2007 11:48am
LOL. This thread is funny. Jimbil, buddy, you need a lot more experience in the markets...

Just the fact that you have posted this thread shows you don't quite get it. The Holy Grail has nothing to do with a system. I can show you how to make 100K a year, but I bet you won't be able to follow the directions because your head will get in the way.

Your psychology is the Holy Grail. Anyone can make a successful system.
Mr. Trend
  • #18
  • Edited 8:35am Feb 21, 2007 7:18am | Edited 8:35am
Thanks winterwhite, i'll check I'll look at Jacko.

I think I've found a short term intraday technique (on sunday) that works very well, is very simple, and to some extent idiot proof (for technically knowledgeable and astute chartists like me) Monday/Tuesday following the rules, its made at least 20 pips per day on EURUSD. Today +12p.

Hopefully this will prove to be my "Holy Grail" - although abviously, not all trades make a profit.

Thanks a lot for the feedback.
  • #19
  • Feb 23, 2007 10:19pm Feb 23, 2007 10:19pm
You have to learn how to trade. "Systems" only work for certain markets at certain times. If you what to know how to win more than lose in any market, you need to learn how to trade. The first good piece of advice I will give you is to comprehend how to read and plot s/r lines in the proper timeframes.

Quoting jimbil
Hi

this is a serious post, please don't think i'm being flippant or lazy.

I've spent hours beginning to trawl through various threads on FF, such as the PhilNel 5 min strategy, and the Mouteki 4 hour system.
My preference is for short term strategies, as that is what i do at present.

My aim is to improve and use as good a strategy as possible. Therefore, if anyone is aware of any REALLY good trading systems (the type that people sell for 100's or 1000's of dollars on various websites) but have been kindly posted on this site for free, I would be really grateful if I could be directed to them.

Many thanks
Jimbil.
A. Finesse Williams Making Millions One Pip At A Time!
  • #20
  • Aug 12, 2010 10:41am Aug 12, 2010 10:41am
Hi All,
Why Bill Gates is not giving Windows for free?
Man traders are looking for holy grail for free.
fm77
1 trader viewing now