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Best trading systems on forexfactory

  • #21
  • Nov 17, 2010 1:52am Nov 17, 2010 1:52am
Quoting furble
Good thread.

I was thinking about starting a thread like this myself, so many systems on here, but do any of them actually work? Or are they all subjective frameworks with a bunch of blind supporters?

To me a system is not subjective, it has a set of mechanical rules, and can be backtested into oblivion. The only problem is systems that worked in the past don't necessarily work in todays environment, the market is ever changing and has become so efficient.

I laugh at the "systems" on here that have 10 people looking at the same chart...

some good ideas from you furble.

that is the whole point of this thread, to come up with systems that actually DO work, majority of the times anyway.

it is upto to the individual to test the systems and decide for themselves. however, once we have a good collection here on this thread i may personally figure some stats on them and post them here, which would aid people further on deciding which ones are worth looking at.


regards
  • #22
  • Nov 18, 2010 3:14am Nov 18, 2010 3:14am
Quoting pgpb
Which of the Philip Nel systems do you like?

Jacko's systems may be sound, very much long term.....***BUT***.....read the last few weeks of posts on his thread....the guy was a total scammer who ran off with a bunch of peoples money........so system may (or may not) have...

hi pg


both of philip nels systems are good. i have used both to a good degree of success, when combined with my own trading style.

personally i prefer philips 4 hour macd system and that is because iam mainly a long term trader. scalping is not my thing, although occasionally i do it.

sorry to hear about what jacko did. i wasn't aware of this.
iam very surprised. jacko had a very good reputation on ff, and it goes to show you cant really trust anybody when it comes to money can you ?

nevertheless his trading ideas are worth having a look at. they are quite sound especially for trend traders. again, i have used his ideas to a certain degree of success where otherwise i would have incurred heavey losses. so worth having a look.


regards
  • #23
  • Nov 18, 2010 4:08am Nov 18, 2010 4:08am
Quoting pgpb
Yeah....that "two line" system....I could never live long term with a system where some guy is giving me the signals

So how are you doing with choosing a system?

I would prefer a very simple system that was 60% accurate versus a very complex system that was 70% accurate.

I prefer a system that will allow me a few trades a day versus a system that will provide one trade every 3 days....(my personal taste)

So to some extent you gotta know what you want.

...because I have a full time job I can not really afford to keep my eye on multiple...
Some many good comments but i i agree with pg on the sharing. i have traded many systems on here, starting with thv, dibs, the dance/choros, sonic r, some scalping ones.. basically the list goes on! and finally my own system which is simply my understanding of price action. And No, will not be sharing, after watching what goes on here really not worth the hassle.

I'd advocate dance/choros or price action, but again its definitely down to your personality. Out of all the systems i have tried, i have had the most success with dance, however i have come to the conclusion that nearly all the current big thread systems are all good, all go through their cycle of bad times, unfortunately given that we are not computers we all will interpret the rules a bit differently so you will find some doing well and some not on the same system/strategy
  • #24
  • Nov 19, 2010 12:30am Nov 19, 2010 12:30am
come on guys lets have more good systems posted here, so that people may choose and benefit from ! i know there are a lot of people that view this thread but dont wanna share thier systems. please do so, others may benefit. that is the whole point of this thread.
  • #25
  • Nov 22, 2010 4:41am Nov 22, 2010 4:41am
someone mentioned to me earlier a daily system he is having success with. it is called the ''daily 95 pips'' system. maybe worth having a look at.
  • #26
  • Nov 24, 2010 2:17am Nov 24, 2010 2:17am
come on guys any others. lets keep this thread alive for the benefit of all of us !
  • #27
  • Nov 24, 2010 2:50am Nov 24, 2010 2:50am
Systems don't work.
Indicators are a waste of time.

It's all about following the trend. Only the trend can give you the edge you need to turn the odds into your favour.

Don't try to buy low and sell high. Try to buy high and sell(close) higher.

Hope I don't sound like a 'know-all'. This is just my opinion.
  • #28
  • Nov 25, 2010 6:01am Nov 25, 2010 6:01am
Quoting Jolly Jumper
Systems don't work.
Indicators are a waste of time.

It's all about following the trend. Only the trend can give you the edge you need to turn the odds into your favour.

Don't try to buy low and sell high. Try to buy high and sell(close) higher.

Hope I don't sound like a 'know-all'. This is just my opinion.


hi

not necessarily true.

there are lot of people making good pips from trading systems posted here on ff. it all depends on whether it works for you or not. and if you can make anything out of it. i guess it all boils down to how you see it.
  • #29
  • Nov 25, 2010 7:24am Nov 25, 2010 7:24am
There is plenty of good systems here at FF. The problem with systems is that they assume you already possess the discipline to implement them.
  • #30
  • Dec 3, 2010 4:27am Dec 3, 2010 4:27am
here is another recommendation from me:

check out 'nanningbob' thread. excellent systems there. 4hr nanningbob system. pretty solid.

more recommendations to come......
  • #31
  • Dec 7, 2010 6:15am Dec 7, 2010 6:15am
also, reading wise, you may want to have a look at stevehopwoods stuff and DIBS.

the 4 hour nanningbob system is definately worth having a look at.
  • #32
  • Dec 7, 2010 6:30am Dec 7, 2010 6:30am
Quoting Sauron
If those traders made money is an open question and we don't know. The problem is, you can only declare a system profitable if you have clear rules for entry and exit and you can backtest it over more than 1000 trades.
Beside DIBS, whose entry is clear, all other are a conglomerate of indicators, small time frames and discretionary entries. There's nothing to learn from them, as even the trader who usually proposes them has no idea why he uses an indicator. 99.99% from all the systems there are exercises in futility and randomness.
Discretion is part of experience. Every solid trader uses it. Mechanical or not. I always find it comical when traders say indis can't or don't work. They can and do work.
  • #33
  • Dec 10, 2010 4:56am Dec 10, 2010 4:56am
another one to add to your kitty:

SRDC 2
  • #34
  • Dec 10, 2010 7:25am Dec 10, 2010 7:25am
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
  • #35
  • Dec 10, 2010 7:45am Dec 10, 2010 7:45am
Quoting newguy999
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
Two ways to make money with robots (EA)

1/ take the money you would have spent on the 'robot' and put it into your bank account

2/ take the money you would have let the robot trade for you and put it into your bank account


There is one trader on forex factory that I know of who trades with a bunch of EA...(Ronald Raygun is his nickname...I think)....but he knows which ones to apply and when......so he may have an EA for news....another for a trending market ....another for a ranging market etc...etc

PGPB
  • #36
  • Dec 11, 2010 9:25am Dec 11, 2010 9:25am
Quoting pgpb
Two ways to make money with robots (EA)

1/ take the money you would have spent on the 'robot' and put it into your bank account

2/ take the money you would have let the robot trade for you and put it into your bank account


There is one trader on forex factory that I know of who trades with a bunch of EA...(Ronald Raygun is his nickname...I think)....but he knows which ones to apply and when......so he may have an EA for news....another for a trending market ....another for a ranging market etc...etc

PGPB


It is sooo true PGPB, you are right...:-)

Max
  • #37
  • Dec 11, 2010 9:30pm Dec 11, 2010 9:30pm
Im surprised noone has recommended Igroks yet, seems to be the best way by far
  • #38
  • Dec 12, 2010 5:17am Dec 12, 2010 5:17am
Quoting whatfx
Best trading systems on forexfactory
4 hour system is profitable because you are much more closer to the market activities.
  • #39
  • Dec 13, 2010 4:30am Dec 13, 2010 4:30am
Quoting bjorken
Im surprised noone has recommended Igroks yet, seems to be the best way by far
yep, i agree. was going to mention that at a later stage.
  • #40
  • Dec 15, 2010 6:55am Dec 15, 2010 6:55am
.....but i did not want to promote his book on here. a lot of people will not be willing to purchase the book for the sake of learning the method. i think there are equally good if not better methods here on ff, totally free !!
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