Recommend the reliable trading systems you tried from forexfactory | Forex Factory

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Recommend the reliable trading systems you tried from forexfactory

  • #1
  • First Post: Edited 11:05pm Dec 12, 2010 9:43am | Edited 11:05pm
Please recommand me the trading systems you tried from the trading systems section that gave you good results.
  • #2
  • Dec 12, 2010 3:24pm Dec 12, 2010 3:24pm
Quoting efiler
Please recommand me the trading systems you tried from the trading systems section that gave you good results.

My own system. Other traders might use what works for me and that only adds confluence, overall what I feel comfortable with.

Learning to trade will make you money not systems.

I can throw hundreds of indicators on a chart and show you buy and sell signals, they all work (in past lagging time that is)
Know when to hold em, Know when to fold em!
  • #3
  • Dec 14, 2010 3:03am Dec 14, 2010 3:03am
Ranging markets, trading into support and resistance levels, poor trade/money management (greed and fear) will destroy any system.

When I learned about price action I learned the above. Now if I look at an indicator it's usually after I'm already in a trade and behold - the indicator is working. Every decent trade I take can be described as some kind of break out. It's from a pattern of price behaviour and patterns form around support and resistance. Neither is support or resistance reliable in terms of setting trades. Observation of price action as it moves around these areas is essential.
Gone to a better place
  • #4
  • Dec 14, 2010 4:12am Dec 14, 2010 4:12am
Quoting smikester
Ranging markets, trading into support and resistance levels, poor trade/money management (greed and fear) will destroy any system.

When I learned about price action I learned the above. Now if I look at an indicator it's usually after I'm already in a trade and behold - the indicator is...
up, bases of pa, supp, res and pivots, help a lot; i only found a bit difficult to learn patterns like buob and see it on the chart.. but it's really usefull
  • #5
  • Dec 14, 2010 4:26am Dec 14, 2010 4:26am
Systems don't work. Strategies do.

Forex Myth #1:
All you need is a System with rules and some cash and you will make money.
  • #6
  • Dec 14, 2010 5:21am Dec 14, 2010 5:21am
i think that many of the trading systems here on ff work.
the problem is that the majority of traders
- don't stick to the rules
- don't manage the "mental aspect" of trading
- and are not able to use the system consistently. they jump from system to system.
you can clearly see that if you observe the behavior of a recently posted tradings system on ff: at first, the thread receives a lot of attention, but as time moves on, posts become less and less.
meine augen sind die sterne
  • #7
  • Dec 14, 2010 6:14am Dec 14, 2010 6:14am
Quoting efiler
Please recommand me the trading systems you tried from the trading systems section that gave you good results.
check the thread 'best trading systems on forexfactory'', in the trading discussion forum.
  • #8
  • Dec 14, 2010 6:50am Dec 14, 2010 6:50am
Quoting aserbfx
i think that many of the trading systems here on ff work.
the problem is that the majority of traders
- don't stick to the rules
- don't manage the "mental aspect" of trading
- and are not able to use the system consistently. they jump from system to system.
you can clearly see that if you observe the behavior of a recently posted tradings system on ff: at first, the thread receives a lot of attention, but as time moves on, posts become less and less.
i agree and disagree, which i believe is both the question and the answer.

there's a 'system' for all seasons, but seasons change. any conceivable 'system' in the universe will have a time that it works, if only even once. the problem is being robust enough to cover enough being right vs being wrong. system hopping is because no system has enough give versus take in the long run.
Congratulations ScalaFX for coming out of the closet!
  • #9
  • Dec 14, 2010 7:05am Dec 14, 2010 7:05am
Quoting TJPLD
Systems don't work. Strategies do.

Forex Myth #1:
All you need is a System with rules and some cash and you will make money.
This. ^

Every moment in the market is unique. Learn how to create a new strategy on the spot for every type of situation you encounter.
  • #10
  • Last Post: Dec 14, 2010 7:15am Dec 14, 2010 7:15am
Quoting Marv
This. ^

Every moment in the market is unique. Learn how to create a new strategy on the spot for every type of situation you encounter.
yahuh. +like.
Congratulations ScalaFX for coming out of the closet!
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