DislikedI guess in the most competitive business in the world it makes sense to help your competition... = /Ignored
why do people here like simple systems 11 replies
Are the best systems also the systems that fail most spectacularly? 55 replies
Share your profitable systems 11 replies
Important – Why systems are profitable (or not) 76 replies
Systems, Systems and Systems... 1 reply
DislikedI guess in the most competitive business in the world it makes sense to help your competition... = /Ignored
DislikedI'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?Ignored
DislikedI 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.Ignored
Dislikeduh 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?Ignored
DislikedIt wouldn't be for the reasons you think.
If it fails it's because your EA stinks.Ignored
DislikedYou 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...Ignored
DislikedYou can share a system, but you can't share a mindset, discretion and actual experience.Ignored
DislikedTrue....
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.Ignored
DislikedNice 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.Ignored
Dislikedyour 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.Ignored