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The life of a trading system on Forex Factory

  • #181
  • Mar 21, 2012 12:23pm Mar 21, 2012 12:23pm
Quoting mmaker
Wow you are assuming Alorente is trading a USD$50 account without proof or facts. There are now 169 "traders" at his thread (some are even 10+vouchers members), and for your info the reason he is so successful is because he doesn't use Stop Loss, and that's what 169 "traders" will learn from him.

http://i.imgur.com/YU7Gd.png

alorente is a good inovvator i guess with helping others (i hope thats his purpose)

but the usage of stop loss i guess is another discussion.
but to learn i guess start to lose to learn actually aka use a stop

then again this is a controversy
and dont forget many traders tend to jump and hump new trading systems instead of actually sticking to one methodology/mindset of trading. which imo is far from green and red bars.
Have I got something on my face, SOLDIER?
  • #182
  • Mar 21, 2012 12:54pm Mar 21, 2012 12:54pm
Quoting nubcake

some of you need to brush-up on your sarcasm detection.
Too subtle for me if it was....but I'm not so sure!
  • #183
  • Mar 21, 2012 1:17pm Mar 21, 2012 1:17pm
It never ceases to amaze the BS people say and the rest that believe it.

20% a day... Lining the sheep up for the kill. Shit people are stupid...
Master your Mind,,,Master the Market
  • #184
  • Edited 10:01pm Mar 21, 2012 1:33pm | Edited 10:01pm
Quoting bumapatria
alorente is a good inovvator i guess with helping others (i hope thats his purpose)
Did you fall of a turnip truck?


Quoting pipmutt
if you think by defending Alorente he'll give you a free pass to his upcoming venue then think again!
http://www.forexfactory.com/showthre...08#post4266408 ....lol


My last word on this topic.

The OP of the Extreme TMA thread is a thief.

Taking someone else's code and replacing the copyright and URL information with their own is theft.

This is exactly what Alorente did to mladen. The 2 indicators attached on this post are identical.

http://www.forexfactory.com/showthread.php?t=346438

http://www.forexfactory.com/showthre...75#post5445875

http://www.forex-tsd.com/expert-advi...tml#post431703


The Extreme TMA system (with multiple TF waveforms) was originally developed by J.M. Hurst 40 years ago, not by "Al" on FF.

http://russian-mail.ru/bolly46.php

Many people over the years have tried trading this system. Here's a later version of it developed after the TMA one from 2 years ago.

http://www.forexfactory.com/showthre...56#post3560656

So much for innovation.

In terms of the efficacy of the system, if it was profitable, it would have made greater inroads in the past 40 years. That should tell people something.

If people are dumb enough to put their trust in some low life scumbag who's stealing another person's work and claiming it as his own, then they deserve exactly what they get.


Case closed.


.
Attached File(s)
File Type: mq4 ExtremeTMALine.mq4   7 KB | 382 downloads
File Type: mq4 TMATrendColorCenterLine.mq4   11 KB | 412 downloads
  • #185
  • Mar 21, 2012 1:40pm Mar 21, 2012 1:40pm
Quoting Fudomyo
Did you fall of a turnip truck?




http://www.forexfactory.com/showthre...08#post4266408







My last word on this topic.

The OP of the Extreme TMA thread is a thief.

Taking someone else's code and replacing the copyright and URL information with his own is theft.

http://www.forexfactory.com/showthread.php?t=346438

http://www.forexfactory.com/showthre...75#post5445875

http://www.forex-tsd.com/expert-advi...tml#post431703


The...

Couldnt have said it better myself !

Cheers

Bluesteele
Master your Mind,,,Master the Market
  • #186
  • Mar 21, 2012 1:47pm Mar 21, 2012 1:47pm
Quoting pipmutt
Too subtle for me if it was....but I'm not so sure!
never mind, it was me. i didn't think someone could be serious about this shit, but apparently so. this place always amazes me in the worst ways.
Congratulations ScalaFX for coming out of the closet!
  • #187
  • Mar 21, 2012 1:53pm Mar 21, 2012 1:53pm
Quoting Fudomyo
Did you fall of a turnip truck?




http://www.forexfactory.com/showthre...08#post4266408 ....lol


My last word on this topic.

The OP of the Extreme TMA thread is a thief.

Taking someone else's code and replacing the copyright and URL information with his own is theft.

http://www.forexfactory.com/showthread.php?t=346438

http://www.forexfactory.com/showthre...75#post5445875

http://www.forex-tsd.com/expert-advi...tml#post431703


The...

darn Fudo i didnt know that
never knew hurst made such thing.
thanks i did fall of a turnip truck
Have I got something on my face, SOLDIER?
  • #188
  • Mar 21, 2012 1:57pm Mar 21, 2012 1:57pm
Funny enough how the topic of this thread changed dramatically within 5 pages into a full battle. I guess it prooves Lazys point that it is indeed the fate of any thread on any forum.

Best Regards
A.
  • #189
  • Mar 21, 2012 2:01pm Mar 21, 2012 2:01pm
Quoting rew2k7
Funny enough how the topic of this thread changed dramatically within 5 pages into a full battle. I guess it prooves Lazys point that it is indeed the fate of any thread on any forum.

Best Regards
A.
no.

the premise of the thread remains intact. the 'battle's are merely some associating their own shortcomings with this thread in such a way that they feel threatened (because their scamdickery is at risk), and others are merely back-and-forthing other stuff that is off-topic.

anyway.... now that that buma kid is plonking around in here i'm done with this thread! i dislike reading lots of "Post hidden because some retard is on your ignore list". have fun kids.
Congratulations ScalaFX for coming out of the closet!
  • #190
  • Mar 21, 2012 2:05pm Mar 21, 2012 2:05pm
i have a really honest question
why do people of all kinds make trading systems threads?

"real" "systems": why?

"fakers" : why

i seriously never browsed tht much around that side of ff but wondered whats the purpose.

lets say its 'real' so to share success freely (rare i guess)
fake:? what do u get?
Have I got something on my face, SOLDIER?
  • #191
  • Mar 21, 2012 3:51pm Mar 21, 2012 3:51pm
Quoting bumapatria

i have a really honest question
why do people of all kinds make trading systems threads?
Putting aside the obvious such as snake oil or bragging rights, how about development or confirmation?

Discussing a strategy with like-minded people can be helpful in it's development, and testing one's theory by opening it up to criticism can be useful. Unfortunately from what I've seen neither seem to exist very much around here, but then again like you I don't spend much time in the systems or commercial sections so I may have missed it.
  • #192
  • Mar 21, 2012 4:34pm Mar 21, 2012 4:34pm
Quoting pipmutt
Putting aside the obvious such as snake oil or bragging rights, how about development or confirmation?

Discussing a strategy with like-minded people can be helpful in it's development, and testing one's theory by opening it up to criticism can be useful. Unfortunately from what I've seen neither seem to exist very much around here, but then again like you I don't spend much time in the systems or commercial sections so I may have missed it.
i think most of the price action threads do that pretty well thinking of methodology over 'system' and mindset meaning tht it isnt relly a system (God, system is used to many times in FF LOL) but a way to think and process the data of price movement to trade. Especially with discussion would help yeah. imo any thread that goes by methodology,understanding should b good. "the systems" are lookig for what exactly? almost neigther imo.
1.PA about price telling info to us on its activity from the past to the present and future on sensitive price levels and trading them due to previou and present reactions - gauging buy/sell pressure on price movement reaction.
2.Quant- not so much knowledgeable on this but mathemetical and using algorithms to explain market movements .
3.volume - change in price in certain time (tick) to gauge buy/sell pressure through reading bars with volume.
4.time - using the x axis to time market movements. believeing a time-ish sense of order... cycles etc... market geometry etc

traders can mix this up to have an edge or specialize in one division and theres many more out there i think but thats as far as i know thus far

5. This is where the big question comes. what on earth are they trying to understand in "the systems":??????? red green dots to do what exactly? i bet if u ask 90% of OPs of "the systems" they wont know what its for really those fancy schtuff.

just my view tho..
Have I got something on my face, SOLDIER?
  • #193
  • Mar 21, 2012 4:38pm Mar 21, 2012 4:38pm
Quoting bumapatria
fake:? what do u get?
Money.

If you can gather enough gullible beginners around you, you can take money from them.

Wouldn't you like to make 75% a month on your money? You can bet someone soon will be offering to trade for you. It's probably already going on.

The big kill will come in a private chat room, out of sight of the moderators.

Ask around about Jacko. He reportedly got away with a few million in "trading funds". He was based right here on FF.
  • #194
  • Mar 21, 2012 7:07pm Mar 21, 2012 7:07pm
I think, the battle is about belief.

Look, new people want the fast money, and they get to see 130 pips on the charts, every day. The next step is, the noobs would love to see a line guiding em through the chaos to get some or all of these pips, without ever losing. They will get trouble, although it is possible to make money with one single EMA, everyday. The third step, to me, is taken when you have gained enough experience to scalp your obligatory dozen of pips everyday. This style is ridiculed on here, but I know more than one source who built their stock just that way.

The dominant mood on here is one of laughing on everything that goes beyond 1% a month. No wonder there cant be calm discussions here. Mindset and goal of an orderflow hunter is the direct opposite of what some weekly snail is waiting for.
  • #195
  • Mar 21, 2012 7:48pm Mar 21, 2012 7:48pm
Here's the smoking gun.

Quote
Here is an easy way to make money, especially in boring, do nothing days. Take a pair like UsdJpy or EurGbp at centerline. Buy 1 lot and sell 1 lot. Now wait for price to make it to one band. If itīs the lower band, close the short and hold the long till the other band or center line. If itīs the upper band, close the long and hold the short till the other band or center line. No thinking involved and pretty sure money...
This is from a professional trader who makes 75% a month on his account?

Anyone who has traded forex can see this is from a rank amateur.

Read it again. Why the hedge? Why waste an extra spread? The only person who would suggest this is someone who has been trading for less than a month.
  • #196
  • Mar 21, 2012 9:08pm Mar 21, 2012 9:08pm
Crazy thing is that thread is absolutely littered with smoking guns.

http://www.marlerblog.com/uploads/im...king%20gun.jpg
Master your Mind,,,Master the Market
  • #197
  • Mar 22, 2012 7:06am Mar 22, 2012 7:06am
The reason all these system threads end up in 1 of 2 places is quite simple,they are all utter nonsence,

the test of time allways catches up with them,regardless of the multiple rule changes they go through,firstly after hundreds of pages they die because they were not a complete mechanical trading system,and its followers accounts were not increasing but decreasing.the second set of systems end up in the commercial section,because infact there not a mechanical system but to make them work they infact are descenionary systems and you need to pay for that education,

the fact is they are all incomplete as systems,lacking 2 or 3 key elements for them to work over a period of time,

the plain truth is that a really true honest profitable system ,would never be here with a large following because the truth is ther not exiting,they generally have more losing trades than winners,the balance is generally that, and most tradsers cant except that plain truth.

the only exiting methods i know of are for a better word scalping or intraday descresionary traders,who have gained emense knowledge of entry through confluence .these can produce very high win rates and large % account gains,

excuse my poor english

regards
me
  • #198
  • Mar 22, 2012 8:57am Mar 22, 2012 8:57am
Quoting mister me
The reason all these system threads end up in 1 of 2 places is quite simple,they are all utter nonsence,

the test of time allways catches up with them,regardless of the multiple rule changes they go through,firstly after hundreds of pages they die because they were not a complete mechanical trading system,and its followers accounts were not increasing but decreasing.the second set of systems end up in the commercial section,because infact there not a mechanical system but to make them work they infact are descenionary systems and you need to pay...
The Extreme TMA System thread is different. The followers actually made progress with Al's continuous education daily and frequent posts of his entries and exits and best of all, the reasons why he took those trades. They also have very few losers, if any, since they practice "recovery strategies" with no stop loss.
Quoting tomthepoppop
By the way - my account has increased almost 30% since following your thread. I am not only thankful for that but for the example you set in communicating and the lessons you teach daily. Tom
No longer trading forex. Looking for full time job.
  • #199
  • Mar 22, 2012 9:23am Mar 22, 2012 9:23am
Quoting mmaker
The Extreme TMA System thread is different. The followers actually made progress with Al's continuous education daily and frequent posts of his entries and exits and best of all, the reasons why he took those trades. They also have very few losers, if any, since they practice "recovery strategies" with no stop loss.
exactly,utter nonsence.

i really dont want to single out your chosen system,but theres 150 + traders following that thread at any given time,all unaware of the key elements required to long term profits,no stop loss will destroy all in time,i havnt looked at that thread but can tell you it will have so many descesionary options involved it will leave everybody spinning on a sixpence waiting for account recovery.there is a place for recovery of positions but very open ended and behond the scope of most.

i dont want to be rude to you and i will say that some will infact find somthing that may indeed give them profits,but not from somthing that dosnt exist,but through ther journey.

regards
me
  • #200
  • Mar 22, 2012 9:28am Mar 22, 2012 9:28am
Quoting mister me
...... i haven't looked at that thread but can tell you it will have so many descesionary options involved it will leave everybody spinning on a sixpence waiting for account recovery.there is a place for recovery of positions but very open ended and behond the scope of most.
No problem. Hope you will have time to at least look at the thread because it's not the same as what you "thought" it was.
No longer trading forex. Looking for full time job.
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