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why do people share profitable systems?

  • #21
  • Jun 11, 2012 10:51pm Jun 11, 2012 10:51pm
Quoting CindyXXXX
I guess in the most competitive business in the world it makes sense to help your competition... = /
Whoever said we are each others competition?
  • #22
  • Jun 11, 2012 10:58pm Jun 11, 2012 10:58pm
Quoting 2+2=4ex
Whoever said we are each others competition?
I'm just thinking say I had a code for an EA that's been raking in the dosh and I end up trading a very large account for some private investors.

Now would it make much sense to post that code on Forex Factory?

Why not?
Time hides Nothing
  • #23
  • Jun 11, 2012 11:03pm Jun 11, 2012 11:03pm
Quoting CindyXXXX
I'm just thinking say I had a code for an EA that's been raking in the dosh and I end up trading a very large account for some private investors.

Now would it make much sense to post that code on Forex Factory?

Why not?
I don't think it would make a difference in your performance if you did post it on FF.

You could make a case it wouldn't be smart because another money manager could take away potential clients using your very own strategy, but I don't think it will affect your results. Unless you are a central bank.
  • #24
  • Jun 11, 2012 11:04pm Jun 11, 2012 11:04pm
Quoting 2+2=4ex
I don't think it would make a difference in your performance if you did post it on FF.

You could make a case it wouldn't be smart because another money manager could take away potential clients using your very own strategy, but I don't think it will affect your results. Unless of course you are a central bank.
uh huh... So lets say I post that code and it becomes a sticky on FF up the top of the trading systems thread, It's still there after a year with 600,000 downloads... Everyone runs my EA and we all get rich right?

Why not?
Time hides Nothing
  • #25
  • Jun 11, 2012 11:06pm Jun 11, 2012 11:06pm
Quoting CindyXXXX
uh huh... So lets say I post that code and it becomes a sticky on FF up the top of the trading systems thread... Everyone runs my EA and we all get rich right?

Why not?
It wouldn't be for the reasons you think.

If it fails it's because your EA stinks.
  • #26
  • Jun 11, 2012 11:08pm Jun 11, 2012 11:08pm
Quoting 2+2=4ex
It wouldn't be for the reasons you think.

If it fails it's because your EA stinks.
I should also add that I don't believe in EA's or MetaTrader. I think it has too many 'glitches'. That has nothing to do with the trading logic in the code however.
  • #27
  • Jun 11, 2012 11:12pm Jun 11, 2012 11:12pm
You can share a system, but you can't share a mindset, discretion and actual experience.

People may be able to understand how your system works in hindsight, but most won't be able to trade it profitably in real time. Of course a lot of them aren't actually profitable to begin with, but some are.

As they say... A good trader will take a bad system and make a profit, a bad trader will take a good system and make a loss... It's hard to pick up someone elses manner of trading over the internet, without knowing the exact logic they used to form the strategy and how to trade the nuances that come along with it.
"Don't Panic..."
  • #28
  • Jun 11, 2012 11:16pm Jun 11, 2012 11:16pm
Quoting Halifax
You can share a system, but you can't share a mindset, discretion and actual experience.

People may be able to understand how your system works in hindsight, but most won't be able to trade it profitably in real time. Of course a lot of them aren't actually profitable to begin with, but some are.

As they say... A good trader will take a bad system and make a profit, a bad trader will take a good system and make a loss... It's hard to pick up someone elses manner of trading over the internet, without knowing the exact logic they used to form the...
Agree...
Time hides Nothing
  • #29
  • Jun 11, 2012 11:26pm Jun 11, 2012 11:26pm
Quoting Halifax
You can share a system, but you can't share a mindset, discretion and actual experience.
True....
Like if someone broke into an NFL Football Team coaches safe and stole his playbook. It might help you if you are a pro team facing them in tomorrow's SuperBowl.
But it will not magically transform a bunch of amateurs into professionals.
Especially.... it will not make "beating all of the best pro teams" a simple task, which can be easily accomplished with little effort.

It has been said before that trading is difficult.... even if you do put in the time, effort, and discipline.

Those looking to skate around the immense effort required are truly kidding themselves with dreams of islands, limousines, and trophy wives.

It can be done..... but not by acquiring another players' playbook.
  • #30
  • Jun 11, 2012 11:31pm Jun 11, 2012 11:31pm
Quoting Price
True....
Like if someone broke into an NFL Football Team coaches safe and stole his playbook. It might help you if you are a pro team facing them in tomorrow's SuperBowl.
But it will not magically transform a bunch of amateurs into professionals.
Especially.... it will not make "beating all of the best pro teams" a simple task, which can be easily accomplished with little effort.
I like this analogy
"Don't Panic..."
  • #31
  • Jun 11, 2012 11:39pm Jun 11, 2012 11:39pm
Quoting Halifax
I like this analogy
Thanks.... and there are others.... like Music, Golf, or Chess.

The thing is.... we know Golf is hard.

The problem with trading is.... newcomers think it's easy. It looks easy.

Golf looks easy. Hit the ball in the hole....Phhssht.
  • #32
  • Jun 11, 2012 11:46pm Jun 11, 2012 11:46pm
You two must be New England Patriots fans, hehe.

Ref: Spygate
  • #33
  • Jun 11, 2012 11:47pm Jun 11, 2012 11:47pm
Quoting Price
The thing is.... we know Golf is hard.

You're telling me! My swing looks like I'm chopping wood

Hack.. hack.. hack..
"Don't Panic..."
  • #34
  • Jun 11, 2012 11:50pm Jun 11, 2012 11:50pm
Quoting Price
The thing is.... we know Golf is hard.
Golf is hard? It looks really easy. How hard can it really be to hit a ball in a hole?
  • #35
  • Jun 11, 2012 11:52pm Jun 11, 2012 11:52pm
Quoting 2+2=4ex
Golf is hard? It looks really easy. How hard can it really be to hit a ball in a hole?
Depends on how many attempts per hole you are happy to make!
  • #36
  • Jun 11, 2012 11:56pm Jun 11, 2012 11:56pm
Quoting ToeCutter
Depends on how many attempts per hole you are happy to make!
Nice response. I'm usually drunk by the turn, so it doesn't matter to me if I made quadruple bogey or not, hehe. I do get a bit angry when I lose a whole box of golf balls in one round though.
  • #37
  • Edited 12:19am Jun 12, 2012 12:02am | Edited 12:19am
Quoting 2+2=4ex
Nice response. I'm usually drunk by the turn, so it doesn't matter to me if I made quadruple bogey or not, hehe. I do get a bit angry when I lose a whole box of golf balls in one round though.
haha... I can relate.

Although the better I get at trading the better I seem to get at golf. Or maybe it's the other way around .

Golf and trading have a lot of parallels to the psych involved in both.
Time hides Nothing
  • #38
  • Jun 12, 2012 12:39am Jun 12, 2012 12:39am
your knowledge is your edge in market..sharing it is like teaching your enemy how to fight.it's like digging your own grave.it's a dog eat dog world.it's you against everyone else.And trading is not a sport like golf and football .There is no comparison.


@thelws

passing the torch is different from sharing .pass the torch,or share your knowledge with your best friend,a relative or with a limited number of people but sharing it openly on internet (yes internet , not just ff) invalidates the system/knowledge/edge/method.
  • #39
  • Jun 12, 2012 1:06am Jun 12, 2012 1:06am
Quoting Coolleen
your knowledge is your edge in market..sharing it is like teaching your enemy how to fight.it's like digging your own grave.it's a dog eat dog world.it's you against everyone else.And trading is not a sport like golf and football .There is no comparison.


@thelws

passing the torch is different from sharing .pass the torch,or share your knowledge with your best friend,a relative or with a limited number of people but sharing it openly on internet (yes internet , not just ff) invalidates the system/knowledge/edge/method.
Well I disagree. I don't see anyone on here as an enemy, opponent or competitor. Granted, I don't share my trades (not because I fear it would jeopardize their success). If you were to say I wouldn't share because I don't feel I should use up my time to give you something for nothing, then different story. I can understand that, believe me. But to not share because it might affect the outcome is a myth.

Now let me play devils advocate. What if I showed everyone a system and then secretly traded the opposite of it. Are you saying that will help me?
  • #40
  • Jun 12, 2012 2:04am Jun 12, 2012 2:04am
Why do people share a profitable system?
Because it's profitable only in name.
Misery loves company...
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