Hi Cubby,
what I mentioned were just some suggestions actually, I don't have the experience to build a profitable system myself yet.. so maybe I should stop giving those suggestions in order not to clutter the thread
I'd be happy to code and test the system if it is logically sound and finished tough..
But some more toughts on all this forum stuff and the long list of replys we're getting here.. I'm totally new to forex or trading of any kind myself (started reading/learning about it just a month ago). I have been reading this forum for about two weeks now.
However, it very much amazes me that for many people that have been doing this for years, this is still just some kind of guessing game. "let's try this and that, this indicator and that indicator, and see how that works out..".. Often there is no real logic in what people are trying to accomplish, I find this very strange. I'm afraid that just trying random things until you suddenly, magically find your holy grail is really not going to happen
I don't want to insult anyone but it seems that many people fail to know what they are actually trying to accomplish with their systems. "Let's try some random things, make 200 trades (totally insignificant in the long run), make faulty statistical calculations about profit etc and see what happens".
Again, it's not an insult to anyone, just some advice. When creating a "system" of any kind (not just forex) one should sit at his desk (probably for days or weeks) thinking about the way he/she is going to solve the problem at hand. First, one should have a lot of knowledge about the problem to be solved (in this case forex and market conditions) in order to be able to solve it. Next should be the total breakdown of the problem into little pieces and figuring out a logical way to solve every little piece and put all the pieces together so that everything can work together consistently (this requires some kind of higher level system design up front).. Only when the system is logically sound and optimzed on paper and you can explain the logic and reasoning behind every little parameter and setting, you should begin by testing the implemenation of the system.
It is no wonder that 95% of forex retail traders fail to be profitable after putting all those years of their time in it. They all think it's easy and can puzzle up some little system that will make them rich. Without careful planning, learning and knowing what you're actually trying to do, this is not going to happen.. I'm only doing this a couple of weeks and I can already see that. People don't know WHY their system is (or is not) working and I think many don't even know the real meaning and formula's of the indicators they are using.. that is pointless.
Now, what I see here is people just randomly posting suggestions, many of them that really don't make any sense at all. I don't think any of those suggestions (also in this thread) are actually going to improve the strategy. There is no real logic behind the suggestions, it's just something "that comes to mind". I hope you guys see where I'm getting at. I'm well aware that I've put in a lot of those random suggestions in this thread myself, I'm aware that I also don't know what I'm doing.
The point: If you want to help cubby, only put things in this thread that will have some actual additional value for the system, based on logic.. not just something random that comes to mind and doesnt make any sense (if you would just take the time to think about it..)
I myself am going to stop posting on ff for a while and I'm going to learn and read some books on forex. After that I have at least the chance of intelligently designing my own profitable little system and become one of the 5%
I'll keep in touch through mail Cubby, I can code and backtest when you have the "finished product". I hope it's logically sound and thought through.
Best of luck for everybody!
what I mentioned were just some suggestions actually, I don't have the experience to build a profitable system myself yet.. so maybe I should stop giving those suggestions in order not to clutter the thread
I'd be happy to code and test the system if it is logically sound and finished tough..But some more toughts on all this forum stuff and the long list of replys we're getting here.. I'm totally new to forex or trading of any kind myself (started reading/learning about it just a month ago). I have been reading this forum for about two weeks now.
However, it very much amazes me that for many people that have been doing this for years, this is still just some kind of guessing game. "let's try this and that, this indicator and that indicator, and see how that works out..".. Often there is no real logic in what people are trying to accomplish, I find this very strange. I'm afraid that just trying random things until you suddenly, magically find your holy grail is really not going to happen
I don't want to insult anyone but it seems that many people fail to know what they are actually trying to accomplish with their systems. "Let's try some random things, make 200 trades (totally insignificant in the long run), make faulty statistical calculations about profit etc and see what happens".
Again, it's not an insult to anyone, just some advice. When creating a "system" of any kind (not just forex) one should sit at his desk (probably for days or weeks) thinking about the way he/she is going to solve the problem at hand. First, one should have a lot of knowledge about the problem to be solved (in this case forex and market conditions) in order to be able to solve it. Next should be the total breakdown of the problem into little pieces and figuring out a logical way to solve every little piece and put all the pieces together so that everything can work together consistently (this requires some kind of higher level system design up front).. Only when the system is logically sound and optimzed on paper and you can explain the logic and reasoning behind every little parameter and setting, you should begin by testing the implemenation of the system.
It is no wonder that 95% of forex retail traders fail to be profitable after putting all those years of their time in it. They all think it's easy and can puzzle up some little system that will make them rich. Without careful planning, learning and knowing what you're actually trying to do, this is not going to happen.. I'm only doing this a couple of weeks and I can already see that. People don't know WHY their system is (or is not) working and I think many don't even know the real meaning and formula's of the indicators they are using.. that is pointless.
Now, what I see here is people just randomly posting suggestions, many of them that really don't make any sense at all. I don't think any of those suggestions (also in this thread) are actually going to improve the strategy. There is no real logic behind the suggestions, it's just something "that comes to mind". I hope you guys see where I'm getting at. I'm well aware that I've put in a lot of those random suggestions in this thread myself, I'm aware that I also don't know what I'm doing.
The point: If you want to help cubby, only put things in this thread that will have some actual additional value for the system, based on logic.. not just something random that comes to mind and doesnt make any sense (if you would just take the time to think about it..)
I myself am going to stop posting on ff for a while and I'm going to learn and read some books on forex. After that I have at least the chance of intelligently designing my own profitable little system and become one of the 5%
I'll keep in touch through mail Cubby, I can code and backtest when you have the "finished product". I hope it's logically sound and thought through.Best of luck for everybody!
