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Trading Systems

  • Post #1
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  • First Post: Dec 31, 2005 5:09pm Dec 31, 2005 5:09pm
Has anyone out there purchased a "trading system" and found it to be everything that was promised. Do these systems keep up to the claims of profits or are they just out to get your money?
I can say 'no' for me. And I bet no-one has purchased such a system. Simply because no-one would sell its own profitable system.
Quoting kwallace
Has anyone out there purchased a "trading system" and found it to be everything that was promised. Do these systems keep up to the claims of profits or are they just out to get your money?
kwallace......

you have no doubt heard this proverb: "If something sounds too good to be true, it probably is!"...........no where else does this apply more aptly than in Forex trading and trading 'systems' offered for sale!

JMHO.......
I don't believe there is any successful system that is 100% mechanical. I think every successful trader needs to use a certain degree of judgement that indicators don't reveal.

Is there anybody out there that has a successful system that is 100% mechanical?
You guys said it exactly how i figured it was. But maybe trading a mechanical system that is purchased is harder to sabotage by getting emotional since it is not yours. Some of the systems I have seen have been tested for 36+ weeks and show promising results; however, I feel very reluctant to throw dollars at something that is probably "too good to be true". Any more input on this would be appreciated.
I am not sure about trading systems for sale, but I certainly believe that you can have a 100% mechanical trading system that works. I guess it depends how you define successful really.

Simon
Although i agree that discretion is important in trading, i do believe that a 100% mechanical system can work very well too -- especially if not many others know about it. The Turtles made millions trading their mechanical method until the rest of the world found out about it. Some legendary traders like Ed Seykota and John W Henry are 100% mechanical and their methods have changed very little over the past 20 years.

I think the key thing is that once you find a positive expectancy method/system, be it discretionary or 100% mechanical, is your focus and discipline and your ability to stick to it.
I think the thing that I like about 100% mechanical trading is that it doesn't rely on my skill as a trader. I am pretty hopeless at making decisions about when to buy/sell but I find it very easy to follow a 100% mechanical system. This means that if you have a 100% mechanical system and I am happy enough with the way that it trades and its history, then I won't have too much of a problem getting the same results as you however if it is discretionary, then I wouldn't have a hope!

Simon
Isn't there an organization called Futures T***** (I think I'm not allowed to name products, businesses?) that trackes system performance? Dont they list a "top 10" that have been profitable over a decade or so? I have noticed, however, that this group has there own products, I believe, so I'm not sure they can be viewed as an impartial evaluator such as Consum** Rep**** or Hulb***. Please let me know if I'm being ridiculous with these incomplete titles that everyone will recognize anyway.
Quoting qweet
I can say 'no' for me. And I bet no-one has purchased such a system. Simply because no-one would sell its own profitable system.
I agree purchasing a good mechanincal system is difficult, if not impossible to do. Selling a system to the masses is what will ultimatley destroy its long-term effectiveness, if it ever existed in the first place. However, if you trade a 100% mechanical system that is your own and not known to the rest of the world, then this is different. The concept of trading 100% mechanically can be a very valid approach and an excellent way to filter out many of the emotions that come from discetionary approaches
I believe that all traders are looking for financial independence. The trouble is that financial independence starts with personal independence, and that means personal empowerment and taking responsibility for your own actions.

From what I have seen, most traders are looking for something outside of themselves - a system, a book, some words of wisdom, a mentor - to give them the answers and a safe road to success. It doesn't exist. You have to do it yourself. And that's the best way. Once you 'own' your own power, you don't need crutches and supports to help you along. I know it's a difficult one to grasp. That's why so many of us avoid it, deny it and rubbish it. It involves changing the negative subconscious beliefs we have been brought up with. And that is difficult, because we believe that 'that's just the way the world is' - so strongly are they embedded. But once you start to change your beliefs, you can change your reality. The best system is you.
The framework is there; we just have to work on our frame of mind.
Quoting ElectricSavant
If you are searching for an ATM in the Living Room, you might want to first find a good place for you happiness, and then reconsider your dreams.

You heart lies where your treasure is.

Trading is a Job. It is not a Gamblers outlet.

A good body cannot be purchased from a personal-trainer as much as a Trading Job cannot be purchased from a Vendor.

I suppose if you purchase a system and find it a tool to remove your own discretion, and stick with it long enough, you may find the probabilities...or you may not...

In Retail Spot Forex, Retail Traders do not effect liquidity...

Michael B.
Yes, yes YESSSSSSSSSS!

Brilliant. Well said!
The framework is there; we just have to work on our frame of mind.
[quote=ElectricSavant
A good body cannot be purchased from a personal-trainer as much as a Trading Job cannot be purchased from a Vendor.
.[/QUOTE]

No, but a good system to get you a good body can.

Simon
Anyone here use/or have details concern the arbitrage method of trading?
new guy with a question, there are many robot trading systems that lose money ( i guess most of them ) , my question is, can you trade the opposite of a losing robot and make money? or take a system that loses and trade opposite? im new to this so please dont go crazy if my question is not realistic. thank you
  • Post #16
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  • Last Post: Dec 12, 2010 12:10pm Dec 12, 2010 12:10pm
Quoting qweet
I can say 'no' for me. And I bet no-one has purchased such a system. Simply because no-one would sell its own profitable system.
I agree if somebody has a profitable system why would they sell it. At the most they will offer managed accounts and trade people's money with the system and divide the profits.
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