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Do you continue your search after you have found a profitable strategy?

  • #1
  • First Post: Dec 15, 2011 6:26pm Dec 15, 2011 6:26pm
Hi guys, do you continue your search of a " better strategy" while you are back testing a strategy which requires your full attention or perhaps you already have a profitable strategy?


Will you still continue your search or keep a look out for the " better strategy" ?
  • #2
  • Dec 15, 2011 7:49pm Dec 15, 2011 7:49pm
System hopping is part of the learning process, most people come into Forex expecting someone to show them how to trade, I know I did. Only problem with that is it just doesn't seem to happen so easily. Don't fall for the hype in the trading systems thread, I'nknow what those dudes are smokin' but I want some.

It's easy to believe the hype that rules the forum (people generally tend to see what they want to see) but a trade secret is that you will see 100% of the winning trades and perhaps 5% of the losses on a trading forum. It creates this false sense of easiness.

Just do what ever you feel like you should be doing. One day you will hopefully have acquired enough confidence to go it alone and develop your own strategies based on what you've learned.

The way I trade these days is basically just the result of personal market experience, observation, revelations stemming from other peoples ideas and my own that I tested. Lots of pain, tears, joy, false hope, disappointment, light bulbs, starting from scratch, big trades, small trades, bad trades, good trades, I think I've broken 3 keyboards, one hard drive, 10 mice (mouses?) and one monitor over the years but haven't assaulted a piece of hardware in 2 years now... I would liken the "road" (or my own anyway) to a Picaso painting;

Just a bunch of shit thrown together to in the end frame some kinda master piece. But nah... it's just trading. Buy low, sell high. Keep it simple and do it smarter than the rest because the rest will fail. Don't be one of them.

Takes time... Baby steps
Time hides Nothing
  • #3
  • Dec 15, 2011 8:28pm Dec 15, 2011 8:28pm
I've been learning FX on and off for the past year. Only recently (3 months) I've started a demo account. I also believe system hoping is part of the learning process, but in the end PA rules. I have looked at a number of systems on FF and other places. After all this searching I have found what works for me and what doesn't. Most systems I've not been comfortable with or it just wasn't my style.

I have created my own strategy that suits me, its early days but the results look promising. All the parts of this strategy have been taken from other strategies. Hopefully in another 2-3 months I can take it live (once all the bugs and nuances have been iron out). Maybe I'll find something in another strategy to use, or find a better solution to my problem(s).

Like any discipline or business you cannot stop learning, or you will stagnate and eventually fail. I think looking at other systems opens your mind to the way others think and perhaps give you ideas on how you should approach your trading.
  • #4
  • Dec 15, 2011 8:28pm Dec 15, 2011 8:28pm
this is just my personal opinion but usually people come up with systems that they observe patterns in the market, or try to find the "SECRET" that some how there is certain parameters or there is an esoteric theory that only the elite know and follow x, and y and you will make millions.

sorry..........there is isn't any, it is like life itself, unless you know the future you cannot predict anything. HOWEVER just like life itself you can use observations, intuition, experience to arrive at probable outcomes. The "SECRET" comes from the fact that THE ONLY THING YOU CAN CONTROL is your RISK.

think about that.........
AVT INVENIAM VIAM AVT FACIAM
  • #5
  • Dec 16, 2011 5:44am Dec 16, 2011 5:44am
Quoting chopstix
I've been learning FX on and off for the past year. Only recently (3 months) I've started a demo account. I also believe system hoping is part of the learning process, but in the end PA rules. I have looked at a number of systems on FF and other places. After all this searching I have found what works for me and what doesn't. Most systems I've not been comfortable with or it just wasn't my style.

I have created my own strategy that suits me, its early days but the results look promising. All the parts of this strategy have been taken from other...
Be careful when you go live... I'd suggest to backtest your system on at least 2 years of good historical data, 5 months can tell you nothing about the system.
Think twice before going live, even if you own the best trading strategy...
  • #6
  • Edited Dec 17, 2011 3:07am Dec 16, 2011 7:54pm | Edited Dec 17, 2011 3:07am
Quoting dvc11
Hi guys
Did you get banned for saying "Hi guys" too many times?

Quoting the redlion
this is just my personal opinion but usually people come up with systems that they observe patterns in the market, or try to find the "SECRET" that some how there is certain parameters or there is an esoteric theory that only the elite know and follow x, and y and you will make millions.

sorry..........there is isn't any, it is like life itself, unless you know the future you cannot predict anything. HOWEVER just like life itself you can use observations, intuition, experience to arrive at probable outcomes. The "SECRET" comes from the fact that THE ONLY THING YOU CAN CONTROL is your RISK.

think about that.........
I can control my reward (on a probabilistic basis), I can control when or if I decide to trade and where and WHY I decide to trade. Other participants in the market don't have this luxury... think about that

What makes you think everyone's "system" revolves around chart patterns?
Time hides Nothing
  • #7
  • Dec 16, 2011 8:35pm Dec 16, 2011 8:35pm
looolz cyndy.. 14 of his 35 post was 'threads started, dunno why people can be bothered.

just quoted what a friend said regarding market behavior lately.. 'days like this make you 2nd guess your system.
  • #8
  • Dec 16, 2011 8:41pm Dec 16, 2011 8:41pm
Quoting gsantri
looolz cyndy.. 14 of 21 post was 'threads started, dunno why people can be bothered.

just quoted what a friend said regarding market behavior lately.. 'days like this make you 2nd guess your system.
It's just that time of the year... pre Christmas, thin markets. Most commercials are settling end of year currency transactions as well and makes for some hairy conditions. Told myself 2 weeks ago I was gonna knock off for the year but couldn't resist. Still... some nice volatility.

I didn't have the greatest of weeks to be honest. Made some pips but made a lot of mistakes.
Time hides Nothing
  • #9
  • Dec 16, 2011 8:47pm Dec 16, 2011 8:47pm
Quoting CindyXXXX
Made some pips but made a lot of mistakes.
tell me about it
  • #10
  • Dec 16, 2011 9:05pm Dec 16, 2011 9:05pm
im always testing and developing new strategies, because the market is constantly changing. You must be adaptable or it will be very difficult to survive in the long run. this is a never ending game. I dont look for alpha anymore because it doesnt exist. all of my strategies that i use all have statistics and probabilities in my favor in order for them to generate positive P/L. This is the closest thing to alpha.
  • #11
  • Dec 16, 2011 9:30pm Dec 16, 2011 9:30pm
Quoting mfoste1
im always testing and developing new strategies, because the market is constantly changing. You must be adaptable or it will be very difficult to survive in the long run. this is a never ending game. I dont look for alpha anymore because it doesnt exist. all of my strategies that i use all have statistics and probabilities in my favor in order for them to generate positive P/L. This is the closest thing to alpha.
i disagree with the market changing

i focus on observation of
1 direction
2 volatility

that never changes can go up/down, low volatility to high.
observe and profit from it.
AVT INVENIAM VIAM AVT FACIAM
  • #12
  • Last Post: Dec 16, 2011 9:31pm Dec 16, 2011 9:31pm
After 4 years of testing and hopping from one strategy to another, I finally constructed my own "holy grail" in late 2008, which has been consistently profitable since February 2009 up to now, of course with the usual "bad periods" in-between and have recently added new elements to it so it keeps always evolving but upon the same basic layout, set-ups and overall rules and philosophy.

However, and as I think that, as in any other profession, one should never stop learning and practicing new skills, I often pick up other people's strategies which look interesting and run them on demo to see if they are viable. Sometimes there will be elements that can be incorporated into my own system, or I will get a deeper understanding of one or more characteristic of the markets. But as long as my own methodology keeps giving the same stable results, I am not "on the look" to change it, just keeping my mind busy and alert while waiting for my own setups

Trading should become like driving, where all details are taken care of, and being prepared for any unpredicted eventuality, while peacefully cruising with eyes wide open and total alertness, in the now.
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