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The life of a trading system on Forex Factory

  • #681
  • Edited 11:50am Apr 15, 2012 11:32am | Edited 11:50am
This has gone wildly off topic again but FWIW I used trade for zulu but there were too many problems with the interface between my account (signals) and the trade receivers accounts, trades weren't closing when they should have, slippage or just not closing at all, you can imagine what sort of a mess that could create for people receiving signals.

Zulu do pay up ok though even if it is two months in arrears.
  • #682
  • Apr 15, 2012 12:48pm Apr 15, 2012 12:48pm
Quoting LazyPawn
Let's see how the test went:

http://www.youtube.com/watch?v=2kEUxaQ3c7M

LMAO...

Thanks LazyPawn for sharing that.. I had forgot all about that..

Such a classic line "Does your dog bite?" LOL..... "It's not my dog!"

Classic....
Master your Mind,,,Master the Market
  • #683
  • Apr 15, 2012 1:24pm Apr 15, 2012 1:24pm
Quoting Erebus
............... you get a post like this, wondering what happened?



http://www.forexfactory.com/showthre...69#post5572969

QUOTED AS PER LINK

[color=Blue] Thread Changes
Hello,

I am writing this as an observation. I do not want drama or controversy. If I did not enjoy this community so much, I would not bother to bring up these points.

In my opinion, this thread has changed.

We started out with a few rules for a system that had been over 90% profitable for the past...


This is quite hilarious....Lets see almost 600 pages of confusion and finally one of the stalwart Alorente followers/defenders asks " Hey we had a 90+% system why all the changes?"



At least the light bulb has flickered....

The back slapping and grovelling over there is enough to make me puke.
Even the principal is grovelling. I think the principal actually believes the bull.
Why wouldnt he he's on the front page Hall of Fame..

I just wonder where does this all fit in when one of the main followers questions the leader???

Is this a signal of the end?
Who will stay?
Who will leave?
Who's gonna get fleeced?

Stay tuned...................
Master your Mind,,,Master the Market
  • #684
  • Apr 15, 2012 2:31pm Apr 15, 2012 2:31pm
Quoting bluesteele
This is quite hilarious....Lets see almost 600 pages of confusion and finally one of the stalwart Alorente followers/defenders asks " Hey we had a 90+% system why all the changes?"



At least the light bulb has flickered....

The back slapping and grovelling over there is enough to make me puke.
Even the principal is grovelling. I think the principal actually believes the bull.
Why wouldnt he he's on the front page Hall of Fame..

I just wonder where does this all fit in when one of the main followers questions the leader???

Is...
I noticed that.
It's rare for the chief guard dog to question the master.
We'll have to keep an eye on it.
  • #685
  • Apr 15, 2012 2:47pm Apr 15, 2012 2:47pm
Quoting bluesteele

I just wonder where does this all fit in when one of the main followers questions the leader???
Mutiny on the sinking ship, well there's a freakin' surprise!
  • #686
  • Apr 15, 2012 2:52pm Apr 15, 2012 2:52pm
Quoting pipmutt
Mutiny on the sinking ship, well there's a freakin' surprise!
The Breathing System should come in real handy.
  • #687
  • Apr 15, 2012 4:38pm Apr 15, 2012 4:38pm
Quoting zznbrm

The Breathing System should come in real handy.
lol, you bet!


http://i41.tinypic.com/2r38jds.jpg
  • #688
  • Apr 15, 2012 4:55pm Apr 15, 2012 4:55pm
Quoting pipmutt
lol, you bet!


http://i41.tinypic.com/2r38jds.jpg


LMAO...

I wonder if that breathing voodoo magic works under water????
Breathe in at Level 3 recovery take your last breathe at level 4 and say your blessings.


HAHAHA...Hey I just noticed it's the SS.Alorente...
Master your Mind,,,Master the Market
  • #689
  • Apr 16, 2012 1:23am Apr 16, 2012 1:23am
Quoting pipmutt
lol, you bet!


http://i41.tinypic.com/2r38jds.jpg
Very Funny
New voice message: Why are you calling me? If I need you, I'll call you!
  • #690
  • Edited 5:43am Apr 16, 2012 4:55am | Edited 5:43am
Quoting 60minuteman
I have never really learn't anything from this forum, my best knowledge was gained from pro's webinars and a mentor who gave up hours of his time for free, for which i am eternally grateful. I'm not saying there isn't any good information on FF, but you gotta dig through a lot of cow shit...

When I stated posting here it was because I genuinely wanted to help others, jury is out on that one as to my success, ok, maybe a little was my ego too and wanting my success to be recognized, everyone must admit to that too, too some extent...?

I don’t agree with you. You had paid to your mentor 18 months. Richard Dennis believed so strongly in his ideas that he would actually give the traders his own money to trade. The training would last for two weeks only. What did you do 18 months? And what do you have now? Your trading system is slowly losing money. Is it success? (Check this thread http://www.forexfactory.com/showthread.php?t=351267)

So pro's webinars and mentors are not the only way to profitable trader, in my opinion.

I sure, that it’s possible to learn a lot from this forum. You can learn on mistakes of others at least. Just look at you post 655 & 656 in this thread, all these thing regarding monthly, weekly and daily S/R you can find in James16 thread for a long time before you. And it’s free.

Probably before making so great statement regarding this forum you should place all your trades in Forex Factory's Trade Explorer for 2 month or more. And only then if you win anything you may make such statements.

In your thread http://www.forexfactory.com/showthre...345838&page=81 post 1207 you wrote:

Doing really well, although I would say that wouldn't I...

Picking the easy trades i.e trending pairs, helps a lot...

No reason why you couldn't get 100% Win rate on H4

Im regularly hitting 80%, losers usually coming through impatience and rule breaking...

Thus you have 80% win rate now and your next step 100%. Am I right?

Even Alorente haven’t 100% win rate
  • #691
  • Apr 16, 2012 5:42am Apr 16, 2012 5:42am
Quoting Dem

I don’t agree with you. You had paid to your mentor 18 months.
No, I think he said the mentor generously gave up his time for free.


Quoting Dem
Your trading system is slowly losing money. Is it success? (Check this thread http://www.forexfactory.com/showthread.php?t=351267)
lol, wrong thread, that is someone else who has adapted the strategy for his own use. 60mm's thread is here.


Quoting Dem
So pro's webinars and mentors are not the only way to profitable trader, in my opinion.
I don't believe anyone suggested they are the only way.


Quoting Dem

Probably before making so great statement regarding this forum you should place all your trades in Forex Factory's Trade Explorer for 2 month or more. And only then if you win anything you may make such statements.
Why would he want to do that, and what would it prove?
  • #692
  • Apr 16, 2012 5:46am Apr 16, 2012 5:46am
Quoting Dem
I don’t agree with you. You had paid to your mentor 18 months. Richard Dennis believed so strongly in his ideas that he would actually give the traders his own money to trade. The training would last for two weeks only. What did you do 18 months? And what do you have now? Your trading system is slowly losing money. Is it success? (Check this thread http://www.forexfactory.com/showthread.php?t=351267)

So pro's webinars and mentors are not the only way to profitable trader, in my opinion.

I sure, that it’s possible to learn a lot from...
1.my trading system isn't losing money, the thread you have linked is not trading it as i have said you should is he?

2. if you think you can learn to trade in 2 weeks you a fool. regardless of who is teaching you.

3. I never said you won't learn anything here, I said there was a lot of bad information and misguided thinking.

4. Have I tried to sell anything here regarding s/r?

5. If you want to see my trading accounts it will cost you £1000 and I will teach you how to trade

6. Are you not the guy that built an EA blindly taking trades based on my rules and then admitting that it took no notice of the trend, as it clearly states in post 1 of my thread you should??? and then declared "waah waah i only won 50% of my trades...."

Remember this.... the turtles traders had a winning system, but only a small percentage actually made money... why do you think that was?
tradewith60
  • #693
  • Apr 16, 2012 5:53am Apr 16, 2012 5:53am
In your thread http://www.forexfactory.com/showthre...345838&page=81 post 1207 you wrote:

Doing really well, although I would say that wouldn't I...

Picking the easy trades i.e trending pairs, helps a lot...

No reason why you couldn't get 100% Win rate on H4

Im regularly hitting 80%, losers usually coming through impatience and rule breaking...

Just tell me when you reach 100% win rate on 4H
  • #694
  • Apr 16, 2012 5:55am Apr 16, 2012 5:55am
Quoting Dem
In your thread http://www.forexfactory.com/showthre...345838&page=81 post 1207 you wrote:

Doing really well, although I would say that wouldn't I...

Picking the easy trades i.e trending pairs, helps a lot...

No reason why you couldn't get 100% Win rate on H4

Im regularly hitting 80%, losers usually coming through impatience and rule breaking...

Just tell me when you reach 100% win rate on 4H
I'm touched that you're still following my thread, let me know when you get over your personal issues and i will come change your nappy...
tradewith60
  • #695
  • Apr 16, 2012 5:58am Apr 16, 2012 5:58am
Quoting 60minuteman

5. If you want to see my trading accounts it will cost you £1000 and I will teach you how to trade
Going by his posts that task would probably take an eternity!

....mind you, '100% Win rate', hmmm, the grail?
  • #696
  • Apr 16, 2012 10:30am Apr 16, 2012 10:30am
Quoting Dem
In your thread http://www.forexfactory.com/showthre...345838&page=81 post 1207 you wrote:

Doing really well, although I would say that wouldn't I...

Picking the easy trades i.e trending pairs, helps a lot...

No reason why you couldn't get 100% Win rate on H4

Im regularly hitting 80%, losers usually coming through impatience and rule breaking...

Just tell me when you reach 100% win rate on 4H
I believe 60's numbers. It's exactly as he said. It's the mental aspect of trading that is the variable. It's why some will lose money trading his method of the buy ssell line. Others will do well. some scratch.

I know of traders with strings of 100-200 straight wins. On everything from 5 mint to daily over the course of a month. Sustainable, no. Because of the mental aspect and the market will turn from your favour always at some point.

I think your a tad bit confused there Dem. But thats OK. we were all confused at some point. Just dont stay confused like the principal. LOL

Gotta Run...........................
Master your Mind,,,Master the Market
  • #697
  • Apr 17, 2012 3:42am Apr 17, 2012 3:42am
The fact that some people can have astonishing account growth using a certain system DOES NOT mean that:

1) They can continue having the same rate of growth until they make a lot of money

2) They can teach their system to others (even if they want to)

3) The system is profitable by itself

Let's make a special note of (3): The fact that someone buys and sells at certain setups, doesn't mean that those setups have an "edge". They may be enabling that particular person to "see" the future more clearly, but this is something that it is far from explainable and teachable. For me, when I say that a system has an "edge", I mean that if I take ALL the setups that follow 100% the rules, then I will have at least a small profit. THAT is an edge, and it should also be provable with an EA. You can add any rules you fancy, and it will be my responsibility as a programmer to make an EA that will follow each and every rule EXACTLY as described. But if in the end, after following ALL the rules of a system, my EA doesn't make money, then the system DOES NOT HAVE AN EDGE. Period. The fact that someone can make money with it, is completely irrelevant. In fact, for each and every system ever devised, there is probably someone who can make money using it.
  • #698
  • Edited 4:07am Apr 17, 2012 3:49am | Edited 4:07am
Quoting pipmutt
Going by his posts that task would probably take an eternity!

....mind you, '100% Win rate', hmmm, the grail?
yeah... Didn't intend that to appear like that was to be expected or could be maintained, just that you can have periods of it... a week for instance, but I may only take 5 trades in a week because I wait for the best looking signals.

Some weeks I may take 15-20 trades... So very market dependent... obviously.

and again Dem failed to look at the context of the conversation... I was asked how I was currently doing with my system, and in my reply I said...

No reason why you couldn't get 100% win rate on H4.... And as it is, I lost my first trade of the week yesterday... So I won't be getting it next week....

I also put in the thread that "you will have losing weeks" and you can also get runs of 19 straight wins ????...

The best you can strive for with a system is some sort of consistency, thats real success, and in the thread I suggest using blocks of 100 trades for your data, and then adjusting every 100 trades when the most current block is complete...
tradewith60
  • #699
  • Apr 17, 2012 4:52am Apr 17, 2012 4:52am
Quoting micmic

But if in the end, after following ALL the rules of a system, my EA doesn't make money, then the system DOES NOT HAVE AN EDGE. Period. The fact that someone can make money with it, is completely irrelevant. In fact, for each and every system ever devised, there is probably someone who can make money using it.
I don't get it, are you saying every strategy/system can be automated regardless of any discretionary element? If you can automate mine then it would be a price worth paying.
  • #700
  • Apr 17, 2012 4:56am Apr 17, 2012 4:56am
Quoting 60minuteman

yeah... Didn't intend that to appear like that...

and again Dem failed to look at the context of the conversation...
I realised that after I'd posted, the quote was taken out of context altogether which made it appear to be something else, my bad!

Nevertheless you're getting a decent success rate so you must be doing something right.


Quoting 60minuteman

I wait for the best looking signals
That's probably my biggest failing, I get bored and take a punt on stuff I know (after the event) I shouldn't have touched. Impatient I guess. The funny thing is after a trade like that, and if I lose money, I always say to myself 'well what did you expect!' and vow never again.....until the next time.
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