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

  • #21
  • Aug 12, 2010 1:15pm Aug 12, 2010 1:15pm
Well IF there is a "Holy Grail" trading system out there, we won't be able to afford it. Let me illustrate:

Let's say, just for simplicity sake, this "Holy Grail" system will give you guaranteed $100,000 each year forever, as long as it is used to trade. In investment terms, that's called a Perpetuity.

For those of you who are familiar with Investment math, the formula to calcuate the present value of a Perpetuity, how much it is worth today is:

Expected Income / Discount Rate (which we will use current annual interest rate instead and we assume it will stay the same forever)

So, let's say the current annual interest rate is 1%, with a Perpetuity of $100,000 income each year, its present value will be:

100,000 / 0.01 = $10,000,000.

That will be the price of this "Holy Grail" trading system. If anybody really developed this system and it's currently generating $100,000 each year for them as long as they use it to trade, they wouldn't part from it for less than that amount.

Do you have $10,000,000? If you do, Congratulation!! If not, then I guess you would have to do like the rest of us, develope your own.
Make your losses in demo. Earn your profits live.
  • #22
  • Aug 12, 2010 3:22pm Aug 12, 2010 3:22pm
Nobody is going to post an holy grail for free, and even for money.
  • #23
  • Aug 12, 2010 4:07pm Aug 12, 2010 4:07pm
Oh boy... sometimes I miss tdion's insights so much...
Many share my views with me. But I don't share them with them...
  • #24
  • Aug 13, 2010 12:48pm Aug 13, 2010 12:48pm
I think the problem is you haven't got any confidence in your own abilities. You've been on FF for 3 years, that's plenty of time to learn all you need to know to be successful. The best thing you can do is take 6 months or so to learn and watch price action, even if you decide to use a system you should still have a proper knowledge of price action to give you confidence, I find it hard to believe any system can just run on it's own without any human input, that'll be successful anyway.

I had never seen a forex chart 9 months ago, I was a sports trader, so was aware of the 'system' mentality before I started forex, I knew that the only way was to learn the nuts and bolts of trading, and that's price action. Nine months on I now trade forex full time, all I trade is outside bars, it's like being a sports trader and concentrating on just one sport so you in fact you specialise in one field.

Looking for a holy grail or letting someone else do the hard work is doing a disservice to yourself, it doesn't cost you a penny to learn to do it yourself and it will give you confidence.
  • #25
  • Aug 13, 2010 2:10pm Aug 13, 2010 2:10pm
Quoting jimbil
Thanks winterwhite, i'll check I'll look at Jacko.
Im sure you'll find the latest developments absolutely hillarious.
  • #26
  • Edited 6:24am Aug 25, 2010 5:58am | Edited 6:24am
So lets say i have a good system that works, which means i have a lot of money. Well in order for me to have any interested in spreading that system, i need to make more money then i am already making. And well, the more you spread a system, the less profitable it will be (generally, there are specific cases but lets not get into that now). So lets say ive been making good money for 2 years with a system, then i would charge around 6 months worth of income for that system, because i can be absolutely sure that a profitable system will be spread and FAST if its possible, whether you know/want it or not.

So lets say i make a descent years income with my H4 system or something like that, 100.000 $ i consider descent, then id sell it for 50.000 $, and take a couple of months of. So are anybody willing to pay 50.000 $ for a profitable system? I can sell anybody a profitable system for that amount of cash, if i get it in cash first, but then again i might be lying, and its not worth assasinating anybody for 50.000 $.

So is anybody willing to sell you a system for less then 50.000 $? Hell yeah! Do you really think its profitable if its cheaper then 50.000 $? Yeah well maybe a little bit profitable, like some retail EAs, but youd have to wade through a ****storm of bad EAs before you can find a good one. Id rather bet my money in EAs people make here, but then again, i dont use EAs because i havent seen one thats better then my brain.
My signature is: "Classified".
  • #27
  • Aug 25, 2010 6:12am Aug 25, 2010 6:12am
But just to (maybe) prove that i am wrong in everything i just said, ill give away 2 very profitable systems for free.

NUMBER 1: Get a bunch of buddies together and plan 150 years ahead. Be loyal to eachother and treat other people like garbage, break any laws you want and make the laws you want. There its the NR1 profitable system of all time.

(As Skyzerfx suggested, somewhat expanded)
NUMBER 2 (i dont really have the inclination to calculate this, so ill go with round numbers): Get 512x of cash, where x being the amount of money you need for living expenses. Put a Bollingerband on period 20, deviations 2 on a EUR/GBP H4 graph. When price hits upper or lower band, you enter x amount of takeprofit in oposite direction (if in the upper you sell, if in the lower you buy). If it goes youre way for 100 pips, fine you close it and stop working for the day, if not and it goes bad for 50 pips you enter another 2x position. If that goes bad after 50 pips, you enter a 4x position, and so on, until you see enough cash to live of for the day/days ahead. Thats it, if you dont believe me, do the calculations. When youre cashstash is at everything over lets say 700x thats youre pensionstash, so just put that away in real, hard, physical gold.

EDIT: If society degrades so much that gold is not usable as currency (totalitarian measures, madmax scenario), well then you are ****ed anyway.
My signature is: "Classified".
  • #28
  • Aug 25, 2010 6:22am Aug 25, 2010 6:22am
Wow that is random, a thread that didnt have a post from 2007 suddenly appears... someone must have punched in the 'Holy Grail' into the search box again.
  • #29
  • Aug 25, 2010 6:24am Aug 25, 2010 6:24am
Quoting Razor_trader
Wow that is random, a thread that didnt have a post from 2007 suddenly appears... someone must have punched in the 'Holy Grail' into the search box again.
No i didnt, i was bored and saw it while searching for something else.
My signature is: "Classified".
  • #30
  • Aug 25, 2010 6:26am Aug 25, 2010 6:26am
Quoting HouseTrader
Oh boy... sometimes I miss tdion's insights so much...
Gee Dan I thought you would have done this but I might aswell ROFL.

Click Here all you holy grailists. I am sure you will find it helpful

RT
  • #31
  • Aug 25, 2010 6:29am Aug 25, 2010 6:29am
Quoting yaed
No i didnt, i was bored and saw it while searching for something else.
I was'nt refering to you my friend but more at forexman77 as his is the post that brought the thread back from the dead. Naturally it will now appear at the top of the most recent threads in the forum header hence why I am here, just thought I would throw some usual sarcasm and opinions into the fray.

RT
  • #32
  • Aug 25, 2010 6:30am Aug 25, 2010 6:30am
Hello there!

I seem to be completely out of my league… wow! I’m an absolute newbie to all of this. My brother advised me to go and register with an online forum to ‘read’ into trading and to be able to ask questions straight up. But maybe I chose the wrong forum. You guys seem to know what you’re talking about. Well, maybe I will too sometime soon. Wish me luck
  • #33
  • Aug 25, 2010 8:50am Aug 25, 2010 8:50am
Quoting Jj24
Hello there!

I seem to be completely out of my league… wow! I’m an absolute newbie to all of this. My brother advised me to go and register with an online forum to ‘read’ into trading and to be able to ask questions straight up. But maybe I chose the wrong forum. You guys seem to know what you’re talking about. Well, maybe I will too sometime soon. Wish me luck
Dont let us tell you what work and what dont, let the price tell yah, reg a demo account and try it out.
My signature is: "Classified".
  • #34
  • Jan 23, 2011 11:33pm Jan 23, 2011 11:33pm
PM me and I will let you in on a little secret
  • #35
  • Feb 4, 2011 1:54am Feb 4, 2011 1:54am
I take it that not many here have read the 'holy grail' thread in FF (the thread actually has a different name).

There is one, and believe me .... it is the holy grail.
What you do is a reflection of you....what I do is a reflection of me.
  • #36
  • Feb 4, 2011 8:52am Feb 4, 2011 8:52am
Quoting jimbil

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.....
Shirley, you have watched too many infomercials where the seller of "how to buy real estate for 0 money down." Says he is giving away his methods for $39.95.

But yet $39.95 is too high for you, it must be free and certainly there are kind hearted souls out there willing to do this. In this world we have bankers that have been bailed out to the tune of $700 billion, we have had firms fail because they can't get access to the credit they need to stay afloat.

Strings are always attached to anything you get for "free". With that said I could dump an ocean worth of various EA's I've collected over the years on this thread and you'd be lucky to sort thru them in 10,000 hours let alone the amount of time you spent here writing this worthless dribble.

Anything worth anything is something you have a vested interest in. If your looking for a handout go to your mommy and daddy or grandma and grandpa.

No one wants to work for anything these days.... they would rather be wards of the state. You're beyond lazy.
  • #37
  • Feb 4, 2011 9:08am Feb 4, 2011 9:08am
Quoting pip_seeker
Shirley, you have watched too many infomercials where the seller of "how to buy real estate for...
Well see the thing is, if a person post really nice stuff here, really un-nice people will take advantage of that, faster, better and with more resources then average joe traders. If everyone on the internet were just super people you can go drink coffee at their place and discuss ancient philosophy, the US constitution or just listen to Bob Marley, then things would be a bit different, at least to me. I for one choose my friends, and my friends choose me, so i try not to throw pearls at swine, so to speak, perhaps more litteral then is usually ment.

P.S. Not that i dont like pigs, they are very gentle and intelligent beings, its a shame we torture them in small pits and force them to sleep in their own feces.
My signature is: "Classified".
  • #38
  • Feb 4, 2011 10:27am Feb 4, 2011 10:27am
Quoting yaed
Well see the thing is, if a person post really nice stuff here, really un-nice people will take advantage of that, faster, better and with more resources then average joe traders. If everyone on the internet were just super people you can go drink coffee at their place and discuss ancient philosophy, the US constitution or just listen to Bob Marley, then things would be a bit different, at least to me. I for one choose my friends, and my friends choose me, so i try not to throw pearls at swine, so to speak, perhaps more litteral then is usually...

I can't say that I would classify a pig as lazy. They grunt and wallow in mud for the smallest morsel of food even if the food is crap that we wouldn't dare to eat and they don't complain.

With that said, "where does this put someone who is looking for a holy grail for free with no effort."
  • #39
  • Feb 4, 2011 10:55am Feb 4, 2011 10:55am
Every time I see this thread I can't help think of Monty Python and the Holy Grail "French Taunting" scene, especially the lines "no thanks he's already got one" and "it is very nice".
  • #40
  • Feb 4, 2011 3:02pm Feb 4, 2011 3:02pm
Quoting pip_seeker
I can't say that I would classify a pig as lazy. They grunt and wallow in mud for the smallest morsel of food even if the food is crap that we wouldn't dare to eat and they don't complain.

With that said, "where does this put someone who is looking for a holy grail for free with no effort."
If i didnt have any arms and no fur and insects was eating me, i would wallow too.
My signature is: "Classified".
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