Do you still believe in the perfect trading system? | Page 13 | Forex Factory

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Do you still believe in the perfect trading system?

  • #241
  • Dec 9, 2009 3:58am Dec 9, 2009 3:58am
Quoting Mr J
No it's not. The most rational reply is that there are limits to what can be achieved. Some think markets always change, and they do, but at the same time they always stay the same. Markets are built by human behaviour, and human behaviour is consistent.

You mind giving me a limit to your system or a limit to where gold or silver or any other commodity might reach, because that would be useful information.

Human behaviour is consistent I agree with you. There will always be greed and fear.
  • #242
  • Dec 9, 2009 4:05am Dec 9, 2009 4:05am
The underperformance of traders surprise me as well, but I don't think we can assume it is because a consistent positive expectancy can't be obtained.
  • #243
  • Dec 9, 2009 8:37am Dec 9, 2009 8:37am
Quoting Mr J
The underperformance of traders surprise me as well, but I don't think we can assume it is because a consistent positive expectancy can't be obtained.
Zero sum market - transaction costs = negative expected return. You have to have some special abilities or other advantage to expect to win consistently.
  • #244
  • Dec 10, 2009 12:00am Dec 10, 2009 12:00am
For all the doubters, looks like I must an automated system that is "magic", or there does indeed exist an automated system that produces day in and day out.

BB EA recovering nicely from NFP dip last week.
Attached Image (click to enlarge)
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  • #245
  • Dec 10, 2009 12:25am Dec 10, 2009 12:25am
Quoting Pearl Jam
Zero sum market - transaction costs = negative expected return. You have to have some special abilities or other advantage to expect to win consistently.
Yes, it's called skill. I'm not sure why you're quoting my post, as the context of my post was to reply to another that I believe longterm positive expectancy does exist, because human behaviour is consistent. An example is that human behaviour creates trend, and therefore a method that takes advantage of trends may maintain a longterm edge.

I think the term "special abilities" is misleading. I prefer to just think of it as skill.
  • #246
  • Dec 10, 2009 5:35am Dec 10, 2009 5:35am
Quoting usdivers
For all the doubters, looks like I must an automated system that is "magic", or there does indeed exist an automated system that produces day in and day out.

BB EA recovering nicely from NFP dip last week.
Hey, please note that i don't want to be offensive, but why are you posting soo much posts about your ea?
This thread is not an advertising thread, i don't know maybe you can open a journal thread where to post your statement graph..
  • #247
  • Dec 10, 2009 6:41am Dec 10, 2009 6:41am
Quoting Chicky
Thats packing, wheres the merchandize?
If one have discipline and money management then EMA and Fibonacci are good enough to make living (no need for any ea)...So discipline and money management are holygrail...Those who dont have them are looking for something else to replace them...Is it possible ? I dont know...I never tried...
The Market pays you to be disciplined
  • #248
  • Dec 10, 2009 1:25pm Dec 10, 2009 1:25pm
No, I believe in statistics and probabilities; the holy grail is more like a quest for an indicator or system that is a certanty. There are no certainties in the Forex market, nothing is a sure thing. Even the statistics and probablities of a successful trade/positive expectancy aren't certain, as you can only base these on past performance.
  • #249
  • Dec 10, 2009 5:30pm Dec 10, 2009 5:30pm
Quoting tunera
Hey, please note that i don't want to be offensive, but why are you posting soo much posts about your ea?
This thread is not an advertising thread, i don't know maybe you can open a journal thread where to post your statement graph..
No advertisement, just trying to prove my point that the Holy Grail does exist if you know what you are doing.
  • #250
  • Dec 10, 2009 11:21pm Dec 10, 2009 11:21pm
Quoting usdivers
No advertisement, just trying to prove my point that the Holy Grail does exist if you know what you are doing.
As suggested, I have taken my "Holy Grail" point of view to the Trading Journal area of the forum.
  • #251
  • Dec 12, 2009 6:53am Dec 12, 2009 6:53am
Quoting usdivers
As suggested, I have taken my "Holy Grail" point of view to the Trading Journal area of the forum.
Any link to your
Trading Journal ?
  • #252
  • Dec 12, 2009 7:53am Dec 12, 2009 7:53am
Quoting usdivers
No advertisement, just trying to prove my point that the Holy Grail does exist if you know what you are doing.
I thought that the holy grail was right in front of you every time you looked into the mirror, trend is your friend, or how about "knowing yourself"
Measure twice, cut once
  • #253
  • Dec 19, 2009 12:42am Dec 19, 2009 12:42am
Quoting mima
If one have discipline and money management then EMA and Fibonacci are good enough to make living (no need for any ea)...So discipline and money management are holygrail...Those who dont have them are looking for something else to replace them...Is it possible ? I dont know...I never tried...
No disrespect, but I think you have it backwards. If EMAs and Fibos are all that it takes to be profitable, then you might as well code them in to an EA, and then the MM and discipline will take care of itself.
  • #254
  • Dec 19, 2009 12:45am Dec 19, 2009 12:45am
Quoting markpips
Any link to your
Trading Journal ?
It's here. Took me less than 10 seconds to find it using the search facility, while you're supposedly still waiting for a reply.
  • #255
  • Dec 19, 2009 12:53am Dec 19, 2009 12:53am
I didn't discover the Holy Grail fully until I finally realized that the trend is in fact your friend. When I first started trading forex I became very good at picking exhaustion points/overbought areas. In other words, I became good at countertrend trading. However, once I started trading "with" the trend, I was able to double and sometimes quadruple my results.
  • #256
  • Dec 19, 2009 3:32am Dec 19, 2009 3:32am
No There is No Holy Grail system. Market changes its behaviour again and again after sometime so we can not say any trading system is reliable for a long period. For a consistent & profitable trading timely addition is very necessary in a trading system.
  • #257
  • Aug 3, 2010 9:22pm Aug 3, 2010 9:22pm
The market move on 2 axies time and price and if u think about it u will understand why there is side away or tight ranges moves...!
Quoting Rastaman
I think the problem here is, this is a silly thread with people posting ridiculous comments who do not have a clue as to trading, this includes yourself, obviously from your comments.

Time simply is a landmark of where price is currently at, where it has been and a possible indication of when it will move, it has nothing whatsoever to do with price going sideways.

Now, if you would like to explain in more depth your theory of time affecting a sideways move, I am always ready to listen.

If not, then shut up.
  • #258
  • Aug 3, 2010 9:40pm Aug 3, 2010 9:40pm
What a silly thread

What do you mean holy grail? wtf is that anyway

To some it would be an EA that makes 100% profitable trades (chuckle chuckle)

To others it might simply to be profitable

To others to make a certain % gain annually

To others a simple mathamatical formula that identifies inefficeincies with no chance of fail

So daft - I hate this term - and I dont see how anyone that uses it could call tehm selves a trader - it makes a mockery of the whole thing
Time hides Nothing
  • #259
  • Aug 3, 2010 9:42pm Aug 3, 2010 9:42pm
If the holy grail is making a considerable amount of money consistently with controlled risk of course there is the holy grail

If it's making money after having just some weeks of experience, it exists too. A professional could just teach a complete amateur (this includes teaching the necessary psychological mindset) and within weeks he would making money consistently: like Richard Donchian and the Turtles. Now if you're gonna learn by yourself like almost everyone does it's gonna take a while, but it's possible.

But what's the holy grail anyway? A trading method that works consistently? Of course that exists...
  • #260
  • Aug 3, 2010 9:47pm Aug 3, 2010 9:47pm
This is awesome thread but some v.stupid posts
i do like what daytrader said only..
By the way on day i read one guy saying i wont spend my life time searching for the holy grail but I can answer him and say then spend ur life time setting front of the chart.
I found nothing but yes the holly grail is there, but it may burn your brain before you reach it , its not easy to find it other wise we all millionairs in one week from 10 usd ...
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