Repainting Indicators

I've noticed a large influx of systems on FF featuring repainting indicators.

It seems like the more it repaints, the more followers the system has.


I have a theory as to why this is.

The worse the economy and the harder it is to find a job, the more people look for a way to make a living without a job, starting with $200.


This sets up a wave of newbies into forex. These beginners are naturally attracted to repainting indicators because looking back on a chart, it looks like they achieve a 100% win rate. It's the old "weekend millionaire" effect.

I predict we'll see more of these systems along with martingale and money management schemes supposed to generate profits with a coin toss.

You got right at some point. Trading is not a shortcut to be a millionaire with less painful road. It is the same as other businesses, we need determination, trial & error, painful experience to build our mental. Trading is about "knowing" how the world works, including human interaction affecting each other. In the beginning I also limit my view to the technical mumbo jumbo. But by the time change, I start to open my view wider & wider. I learn economic history of each important nations, central bank decision, political situation, energy resource & disaster effect when it happens, rumors and business cycle. Basically I learn to grab the connection between them & mix it with human behavior to understand the impacting effect