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Successful Forex Factory Systems

  • #21
  • May 6, 2009 4:51am May 6, 2009 4:51am
Quoting Wallboroff
no real results proving that it really works
I just don't think you're going to get any posted. Other threads, as you know I'm sure, have gone round and round on this ad nauseam.

There are probably several reasons - some have been mentioned already.

For one thing most of the "systems" are loose methodologies and most "methods" are loose approaches. Therefore, results are going to be largely trader-based.

Another main reason, IMO, is that anything resembling a challenge to a method's legimacy is taken, by it's practitioners, as an attack upon it's guru/founder . Then all objectivity goes out the window and the fireworks really start. (Note: check back on my posts - I've been on the embarassing side of that equation)
  • #22
  • May 6, 2009 4:56am May 6, 2009 4:56am
Quoting FXSurfer
I just don't think you're going to get any posted. Other threads, as you know I'm sure, have gone round and round on this ad nauseam.

There are probably several reasons - some have been mentioned already.

For one thing most of the "systems" are loose methodologies and most "methods" are loose approaches. Therefore, results are going to be largely trader-based.

Another main reason, IMO, is that anything resembling a challenge to a method's legimacy is taken, by it's practitioners, as an attack upon it's guru/founder . Then all...
Im going to check out the premise of the Thread that Daytrading mentioned.
Living the adventure in my head.
  • #23
  • May 6, 2009 5:05am May 6, 2009 5:05am
Quoting Leonlorenzo
Im going to check out the premise of the Thread that Daytrading mentioned.
A solid premise, that one, IMO.

A good point actually - I think it could be said that it's a premise rather than a system that should be sought out.
  • #24
  • May 6, 2009 5:58am May 6, 2009 5:58am
Quoting FXSurfer
I just don't think you're going to get any posted. Other threads, as you know I'm sure, have gone round and round on this ad nauseam.

There are probably several reasons - some have been mentioned already.

For one thing most of the "systems" are loose methodologies and most "methods" are loose approaches. Therefore, results are going to be largely trader-based.

Another main reason, IMO, is that anything resembling a challenge to a method's legimacy is taken, by it's practitioners, as an attack upon it's guru/founder . Then all...
i just wanted to know if people really make money or at least have success on a demo account with the systems/methods posted on ff.

i mean what is the big deal to post the results from a ff system for the last month?
  • #25
  • May 6, 2009 6:53am May 6, 2009 6:53am
Quoting Wallboroff
i just wanted to know if people really make money or at least have success on a demo account with the systems/methods posted on ff.

i mean what is the big deal to post the results from a ff system for the last month?
agree with wallboroff and fxsurfer.....

but I reckon the vast majority here never put in the hard yards to make a system/method their own, but might still make comments here that are useless.

you just want to know which systems/methods are working when you put the work in. not martingale systems for instance.

for myself I like a mechanical system better, with exact entries and exits and ofcourse the outcome for these systems would be more or less the same for everybody.

so what about a profitable mechanical system?
  • #26
  • May 6, 2009 7:20am May 6, 2009 7:20am
Quoting yonnie
agree with wallboroff and fxsurfer.....

but I reckon the vast majority here never put in the hard yards to make a system/method their own, but might still make comments here that are useless.

you just want to know which systems/methods are working when you put the work in. not martingale systems for instance.

for myself I like a mechanical system better, with exact entries and exits and ofcourse the outcome for these systems would be more or less the same for everybody.

so what about a profitable mechanical system?
I have years of data, live, demo you name it. I run one completely mechanical model and spent countless hours collecting the necessary information, numbers and put all together in a 'system'.

You put your data forward and we'll see how it goes. I don't beleve that anybody on a free forum can expect that sort of revelation to come along on the back of a question of a philanthropic trader.

You can of course prove me wrong - but I have serious doubts, and rightly so. There are no free lunches in a free market society.

Good luck either way.

regards
daytrading
Enter Signature
  • #27
  • May 6, 2009 7:39am May 6, 2009 7:39am
Quoting daytrading
I have years of data, live, demo you name it. I run one completely mechanical model and spent countless hours collecting the necessary information, numbers and put all together in a 'system'.

You put your data forward and we'll see how it goes. I don't beleve that anybody on a free forum can expect that sort of revelation to come along on the back of a question of a philanthropic trader.

You can of course prove me wrong - but I have serious doubts, and rightly so. There are no free lunches in a free market society.

Good luck either way....
This is why I like you DT, its hard not to trust the word of someone who Is so openly selfish, and rightly so I might add.

Maby selfish isnt the right word, but you get what Im saying. 'I caught the bloody hog so im the one whos gona eat it'.

Just incase I dont come back FF, it was fun..... (off I trot to the evil dentists)
Living the adventure in my head.
  • #28
  • May 6, 2009 7:49am May 6, 2009 7:49am
Hi,

I'd like to add to what some people said about "systems" earlier. A system in itself is not enough because it is usually based on the system-maker's interpretation of the market during that time. Bad news: markets change. What you need is a framework for interpreting the market. Your edge over time comes from exploiting imbalances in the market whether you buy on value or momentum. Systems are very static interpretations of the way the market moves. In order to be more dynamic, you need to be attuned to how the market is changing-- if you are a technician, this means recognizing when old patterns fade and new patterns form. If you are a fundamental trader, this means identifying the shift in what economic topics the market deems important. Remember, the most successful traders are able to adapt, because the only thing constant in the market is change.

All the best in your trading,

Kris Matthews
  • #29
  • May 6, 2009 2:06pm May 6, 2009 2:06pm
Quoting Wallboroff
i just wanted to know if people really make money or at least have success on a demo account with the systems/methods posted on ff.

i mean what is the big deal to post the results from a ff system for the last month?
Agree 100%. Should be no big deal at all. Even if the results vary from person to person - you could at least get an idea of its validity.
Sorry, your not going to see it happen, IMO.

Quoting Leonlorenzo
This is why I like you DT
Note the difference here: A trader like DT,who provides great insight here on FF (Thank you, DT!), isn't interested in putting out results of his trading - but also isn't starting threads, making claims of greatness etc.

That's it from me on this subject of posting results. Futile.
  • #30
  • May 6, 2009 11:09pm May 6, 2009 11:09pm
Quoting FXSurfer
Agree 100%. Should be no big deal at all. Even if the results vary from person to person - you could at least get an idea of its validity.
Sorry, your not going to see it happen, IMO.



Note the difference here: A trader like DT,who provides great insight here on FF (Thank you, DT!), isn't interested in putting out results of his trading - but also isn't starting threads, making claims of greatness etc.

That's it from me on this subject of posting results. Futile.
Hes a good guy, has taken the time to relay some PM's with me In the past. Very good from a guy who has obviously got other things to be getting on with.

We better stop talking about him, he wont be able to sleep, ears ringing/eyes twitching(?), lol.
Living the adventure in my head.
  • #31
  • Edited 2:34am May 7, 2009 2:18am | Edited 2:34am
Thanks for the laurels fella's -

I simply believe in a no-bullshit-approach. Some people might call it rudeness, I call it efficiency.

Anyway, to post something in the spirit of the thread topic:

I think this whole Idea about data supporting trading systems here in FF is valid but simply not realistic. I would even go as far as to say that when looking at the other similar thread I have spotted (I think it is called 'vote the most profitable method') that the concept is flawed.

Questions arise about who is voting?

If the original system poster has not delivered any stat's and the system has been posted/incepted 2 years ago, how much testing or stat's has the voter produced in order to validate the original claim of the original system poster?

Looking at some of the methods in more detail:

What phenomena (i.e. what type of objectively measurable phenomena are the underlying foundations for the 'edge' of the trader/system?)

The fact alone that some voters are voting for multiple 'systems' is in my view evidence that they either haven't done their homework or haven't found a sustainable and profitable method yet - but trusting or trying one method after abandoning another - whether admitting to it not.

All the while the aspect of 'free' information makes this process even more appealing, I still want to look under the bonnet before using a car new to me. This suspicion might either be forgotten or left at the door or if applied, only in a very superficial way.

Another point I would not underestimate is that a great deal of 'systems' are nothing more than an expression of personal discretion of the trader - which is the one thing that cannot be relayed in a thread. When I said objectively measurable, I mean that if put to the test, anyone would get the same results in percentage terms. I bet my house and pension that almost 100% of the systems here on FF are not objectively measurable - they all depend on the individuals interpretation or in other words, they depend on discretion.

This is by far not all I could say on the subject but I hope it provokes some thinking outside the box.

regards
daytrading
Enter Signature
  • #32
  • Jan 31, 2015 12:00pm Jan 31, 2015 12:00pm
Successful Forex Factory Systems ???

I have yet to see any at FF.

james16 - deletes posts critical of his method ( i.e., people demanding proof of his so-called success)
jacko - total scammer , stole over $100,000 from suckers

As for other nonsense being peddled here:
Gann - unsuccessful trader/stockbroker who died in the 1950s. His own son once said in an interview his father made money selling systems, not by trading.
Elliott waves - R.N. Elliott was another unlucky stockbroker. Died penniless in 1948 in a New Jersey insane asylum.

If you don't believe me, simply type in Gann and Elliott in wikipedia.

People selling systems, EAs, indicators,etc are NOT successful traders. If they were, they wouldn't need to resort to marketing products. If anyone can't understand that, well, I'm sorry, I can't help them - reason and logic fly right over their heads, they're beyond help.
  • #33
  • Jan 31, 2015 12:35pm Jan 31, 2015 12:35pm
All Forex Factory sytems work, especially the manual systematic ones. YOU KNOW ENTER HERE EXIT there, sorry for caps lock..

All of them will give you a negqtive account balance after 100 trades, however you cannot reverse it because of spreads. So average trade will be minus 1.8 pips or so not good enough to do the opposite. you will have to choose which trades to take to turn that average trade into a positive.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.4%
  • #34
  • Edited 6:46pm Jan 31, 2015 2:44pm | Edited 6:46pm
Quoting gravitist
Successful Forex Factory Systems ??? I have yet to see any at FF. james16 - deletes posts critical of his method ( i.e., people demanding proof of his so-called success) jacko - total scammer , stole over $100,000 from suckers As for other nonsense being peddled here: Gann - unsuccessful trader/stockbroker who died in the 1950s. His own son once said in an interview his father made money selling systems, not by trading. Elliott waves - R.N. Elliott was another unlucky stockbroker. Died penniless in 1948 in a New Jersey insane asylum. If you don't...
Are we talking about the same Gann and R.N. Elliott here?

According to the Wikipedia article http://en.wikipedia.org/wiki/William_Delbert_Gann, he was a very successful trader using his Gann angles and analysis methods. His success was proven in a Ticker interview.

According to the Wikipedia article http://en.wikipedia.org/wiki/Ralph_Nelson_Elliott, R.N. Elliott was a very accomplished accountant, not a stockbroker. He later dedicated his life studying the American stock market after his early retirement and discovered what we now know as Elliott waves. Nowhere is it mentioned that he died in an mental asylum.

There might be limited success with trading systems that has been published and discussed on FF forums (sometimes might not be due entirely to the design of the system itself) but the success with Gann and R.N. Elliott is never disputed in history.
Make your losses in demo. Earn your profits live.
  • #35
  • Edited 9:58pm Jan 31, 2015 9:47pm | Edited 9:58pm
Here on FF? Don't know, but the answer is "Almost All and None". A method or system itself is pointless, because no system works consistently yielding the same results. Why so is because how this market works. It is random but yet does not appear to be random, it is choppy but appears to be trendy, It moves during session peaks but also comes back from where it left, it breaks but yet bounces back and goes in opposite direction, it does all these things but again does not do any of these in a consistent manner.

There is no fuckin' system that is consistently profitable. It is up to the traders when they understand and accept this fact, now or later.

It is timing, money management and patient that counts with little bit of common sense.

ps. I do agree with Mark Douglas tactics. They make sense.
The Thief of Wall Street
  • #36
  • Jan 31, 2015 10:39pm Jan 31, 2015 10:39pm
don't predict direction, but dance with flow of water
  • #37
  • Last Post: Feb 3, 2015 12:25am Feb 3, 2015 12:25am
There is no "better system". Take 10 great traders they will trade 10 different systems.

The true is that you must find the system that suits you the best, a little bit as two different good painters may have different styles of painting.
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