From a true full time trader,
Fist:
I have been reeding almost every post and strategy presented in ff for more than two years. All this time the first time I created an account on ff was a couple of days ago to post on this thread only.
This is the only thread in more of two years in ff that I really found real good.
I'm a full time trader for more than 3 years. Before that, I worked in a hedge fund and I have a Phd. in Finance.
I trade just using one indicator and a naked chart. That's it!!! For those that keep adding indicators in looking for the "holly grail", trust me....you only find the loss in that way.
Tradin is all about probability and no feelings (leave that at the door....always).
I just trade 3 forex pairs in the morning (UK time) and the eminis (ES,YM and NQ) in the afternoon. The reasons are simple. You need to focus (too many pairs leads to you NOT to know the personality of a pair), and when the US market opens....that market leads all others, so I focus on the eminis.
Second:
My first contributions. If you daytrade froom the 5m charts (like I do) you need to trade the best times for that strat. This thread is based on a strat of trend following....the best time to trade this kind of strat in forex from 5m charts is from 7.30 to 10.00 uk time. After that normally the market go in to "chopp" zone......and this kind of strategy works poorly in that conditions.
Before you put a trade (even in demo) you need to have a SL and a Target well defined.....only that will make you get profitable and a winner in the long run......since takes out the emotion of trading.
For what I have seen from TG indy....that's all you need to start defining a strategy!!! Now you need to chose 2-3 pairs, and make a plan for SL and targes. Nothing more!
You need to be aware of one thing. Win/loss ratio is just one part of a system. For me the most important thing is reducing the DrawDown and not making the most of pips possible in a trade.
Prepare yourself for the losers: even with a 75% w/l ratio..is very commom to get 4 loosers in a row.....or even 7 losses out of 10 trades!!! If you don't believe me, run a monte carlo sim with the binomial distribution.
Forget all you have "lerrned" in books. Keep it simple.
TG is the real edge on this thread. The best coder I have meet so far in my life. keep her under your eyes.
Stop adding other indicators guys! They don't work!!!
I will make some real contributions on following posts.
Make money, not fun,
Profundo
Fist:
I have been reeding almost every post and strategy presented in ff for more than two years. All this time the first time I created an account on ff was a couple of days ago to post on this thread only.
This is the only thread in more of two years in ff that I really found real good.
I'm a full time trader for more than 3 years. Before that, I worked in a hedge fund and I have a Phd. in Finance.
I trade just using one indicator and a naked chart. That's it!!! For those that keep adding indicators in looking for the "holly grail", trust me....you only find the loss in that way.
Tradin is all about probability and no feelings (leave that at the door....always).
I just trade 3 forex pairs in the morning (UK time) and the eminis (ES,YM and NQ) in the afternoon. The reasons are simple. You need to focus (too many pairs leads to you NOT to know the personality of a pair), and when the US market opens....that market leads all others, so I focus on the eminis.
Second:
My first contributions. If you daytrade froom the 5m charts (like I do) you need to trade the best times for that strat. This thread is based on a strat of trend following....the best time to trade this kind of strat in forex from 5m charts is from 7.30 to 10.00 uk time. After that normally the market go in to "chopp" zone......and this kind of strategy works poorly in that conditions.
Before you put a trade (even in demo) you need to have a SL and a Target well defined.....only that will make you get profitable and a winner in the long run......since takes out the emotion of trading.
For what I have seen from TG indy....that's all you need to start defining a strategy!!! Now you need to chose 2-3 pairs, and make a plan for SL and targes. Nothing more!
You need to be aware of one thing. Win/loss ratio is just one part of a system. For me the most important thing is reducing the DrawDown and not making the most of pips possible in a trade.
Prepare yourself for the losers: even with a 75% w/l ratio..is very commom to get 4 loosers in a row.....or even 7 losses out of 10 trades!!! If you don't believe me, run a monte carlo sim with the binomial distribution.
Forget all you have "lerrned" in books. Keep it simple.
TG is the real edge on this thread. The best coder I have meet so far in my life. keep her under your eyes.
Stop adding other indicators guys! They don't work!!!
I will make some real contributions on following posts.
Make money, not fun,
Profundo
Here was publiced many relatively good and profit system in base, but here is too many "diggers" (faultfinders, quibllers [i don't know what write it by right English, in czech "rýpal, šťoural"]), they post thiers "uprgrades" and system go to the mushrooms.. 
I hope that never live through with this great system)
