The quest for the best forex trading system

Hello ManinBlack

Maybe you should start a new thread called overly complex coding and trading systems. Then other members will know what to expect. If they begin reading the thread. It should also give a chance to people like Mike Jolley to talk about his theories.

Also other members interested in new technology and theories could contribute. I know I have a few things that would probably make a few people scratch their heads. I also have a few simple systems. But I enjoyed looking at new technology and coming up with some coding. It keeps me thinking. And I enjoyed that.

I have spent weeks reading about new technology and trying to come up with some way to use it in the market, only to find out it's useless. I like the learning process so there. It didn't matter that it was useless, because I had fun learning.

I know some other members who are doing some pretty incredible stuff with coding. And I would like to see some of it.

One of the only technologically advanced software being talked about on this forum right now is vantage point. And it's been around for years.

Remember your mind is like a parachute. Useless if you don't keep it open

Thank you for the encouragement and good ideas everybody. I have started a thread exactly as you so coyly suggested, and we'll have to see how well it does, but I expect to get a kick out of it. And as long as it produces some good stuff, I'll publish it free in a concise way. I was goign to make a free page for fun anyway...

You echo my setiments.

Once a snowboarder learns how to do a backflip 720, he learns the 900, and then he does it off a cliff, then he does it onto a rail etc... he doesn't stop just because it was fun, he's having EVEN MORE FUN!!!

It's not about who makes the pages of "The Forex Market Wizards" it's that million dollars in the bank when you look at your account balance some time in the near future. It's about all those people you knew from the boards who are chatting with you from more and more moniters at their workstation, and it's about how some guys are going to still be working real jobs if they don't get it right.

Now certain people have good reasons for keeping their trading systems secret, and no one is asking you to spend any more time helping people than you feel like or think you should, there is lots of good help already out there, but I'd love to see some really great stuff published because it's so valuable. It's the different between what you see on TV and what you see on the groud.

Good luck!

Hi Maninblack,
here's my 2 billion cents worth.

God is not short of cash!

Given human beings ability to double their trouble it is important always to stretch the envelope of awareness and breakthrough to the Guru of one's heart.
In all things. Especially if we are to allow ourselves to reap some of that ocean of cash out there.
One may spend a lifetime amassing a fortune but if there is a grain of doubt in your subconscious that you are not worthy of it....guess what......

So whatever practical stategy we have going it is only as good as the driver.
All i want to say really is what I am finding as I learn to trade better is that it is not what the strategy is(....it's all pretty simple stuff right...not rocket science) per say, but who employs it at a particular time..
Thats us.......
I am not dissing the help and advice of the experienced traders one iota. Bless them. I am just reminding MySelf that its ok to succeed.
Thanks for this thread and i hope we can also discover the tightest most direct and efficient practical strategy to turn Gods wad into our wad. (VWB looks like the foundation to me)
Hari Om
Swami S

This is a really good thread!

Yes, there are two foundations. Inside and outside. The one inside 'rules'. The foundation I discovered, is also, I believe, the foundation for VWB, as others are finding as well....

Hi M.I.B. : - )
I'm with you on your "passion". My wife and i plan to be in an RV by the time i'm 55 (in 7 years) and we'll trade from the sat.dish on the RV's roof. Trading will get us to that stage, and trading will give us some ongoing soul-food-goals to keep us both young at heart.

Thom

yes awesome posts.

I just had a really good chat with niceguy about how your internal life makes or breaks your success in currency trading.

we all have spent time at this and felt the pangs of needing to change ourselves beit in the area of discipline, confidence, efficiency

living a balanced life is important too.

The BIGGEST thing I am going through right now is the need for efficiency. I have spent long hours at this, and looking back, some of them could have been better spent at the beach.

But that is what this is about for me, affording to live somewhere that you can swim anytime of the year

So I can ssay with confidence, "I did it, I am making an incredible living trading currency"

I have other goals that will make me money, but the money will be helping me reach them

anyway... good luck and party on

ManinBlack:

Please clarify the quote you made about craps players beating casinos. As a math man and engineer, I understand that the odds on every single throw are slighly greater than the payout, similar to roulette (which has even odds less the 0 and 00). You can win short term if fortunate, but long term the odds are always in the house's favor. Similarly, you can win short term in FX by employing a Martingale system, but you will always lose long term.

It is my belief that only blackjack (with card counting) and poker (human opponents) are really possible to win. Please correct me if I'm wrong.

-Duke

"P.S. I was inspired by a show on dice controllers playing craps. THey are beating the casinos consistantly. Dude has a system, a system of discipline and consistancy. It occurred to me that it would be less sexy but more profitable to design the best possible system in forex. And as long as you have a good broker, the market doesn't get wise to your winning streak, and you don't have to fly all over the world to different casinos to avoid heat http://www.strategybuilderfx.com/for...ilies/wink.gif"

Whoa, we found a thread archeologist...

My 2 cents worth.

Don't focus on a "system". Do the hard work in preparation both technical and fundamental, trade at the open, Focus on the stop loss, defense and more defense. I know it sounds counter intuitive, but that's why 95% of traders lose.