Which is your favorite Trading System? | Forex Factory

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Which is your favorite Trading System?

  • #1
  • First Post: Aug 20, 2012 7:54am Aug 20, 2012 7:54am
Dear fellow traders, I have been following this site since many years, and have a modest trading experience behind me.

Currently I am trading stocks exclusively, cause I was not comfortable with the 24 hour timings of this market. But now I wish to start trading Forex again and need your help in it.

I want to trade using one of the generously shared trading systems on the forum. But I am facing a major challenge in selecting and narrowing down to a system, simply cause there r so many of them.

The only reason I m starting a new thread to ask this question is cause I m sure that I m not the only one who is facing this trouble. As sometimes too many choices is a problem.

So can the experienced traders help the new traders here by listing their favorite systems in this thread. I request all to limit the scope of this thread to this single aim and keep the forum clutter free.

for E.g. My fav system is "PAULUS TRAFFIC LIGHTS SYSTEM".

That is it.. nothing else... and please post only if u have actually traded it and have been profitable with it.

A..X
I Love this site !
  • #2
  • Aug 20, 2012 8:42am Aug 20, 2012 8:42am
This is a reply I got from another site... but this is based on the number of views etc.

Sonic R. System
THV System
Trade What You See – Almost Naked Trading .

I know there r many few profitable traders, and everyone of us is still getting there.. but u may even contribute based on your back-testing, visual testing for a considerable time period or demo testing results !
  • #3
  • Aug 20, 2012 8:48am Aug 20, 2012 8:48am
The best one out there, is one and only ........EuroRiddle v1.0 by Merlin aka
"AMAZING Strategy"

Enjoy!
  • #4
  • Aug 20, 2012 8:54am Aug 20, 2012 8:54am
I have read it buddy... so r u in the mood to waste somebody's time?? !!!... pls buddy i m serious abt this!
  • #5
  • Aug 20, 2012 9:06am Aug 20, 2012 9:06am
Quoting AcidfluxX
I have read it buddy... so r u in the mood to waste somebody's time?? !!!... pls buddy i m serious abt this!
As a stand alone system I found No Brainer trades to be the most beneficial to my trading. Although I started using it just before the market crash in 2008 and after that S/R wasn't holding so great do ended up dropping it and moving on. Not sure how it's faring these days but I keep hearing good things. I still incorporate what I took from that experience into most trades as second nature.

If you're into indicators Spuds MTF Stochs were good, but I don't use indicators anymore. Takes a lot of practice but the ideas are good to get you in the mind set of analysing the market from different layers and timeframes. Volatilities etc. I used those for a long while but lost interest somewhere along the way. Good training though.

I think the latest "best thing" on here is the Genesis system in the trading systems thread, the threads is run by Realjumper from what I gather and he is a very experienced trader who trades for a living so must be worth a look. i haven't checked that one out personally.

But my overall favourite which i would only recommend if you have some basic experience first in the technicals and perhaps a little macro economic grounding would be Darkstars order flow idea which is splashed around the forum but summed up neatly in his book. It's a good and easy read. No mind blowing revelations for an experienced trader but worth a look all the same.
H.D
  • #6
  • Aug 20, 2012 9:16am Aug 20, 2012 9:16am
Quoting Hilar
As a stand alone system I found No Brainer trades to be the most beneficial to my trading. Although I started using it just before the market crash in 2008 and after that S/R wasn't holding so great do ended up dropping it and moving on. Not sure how it's faring these days but I keep hearing good things. I still incorporate what I took from that experience into most trades as second nature.

If you're into indicators Spuds MTF Stochs were good, but I don't use indicators anymore. Takes a lot of practice but the ideas are good to get you in the...
Dear Hilar,
so I figure u suggest the following systems ....


-No Brainer
-Spuds MTF Stochs
-Genesis System by RealJumper
-Darkstar Order Flow.

THanx for summarizing ur experience and sharing it with us. Happy trading.
  • #7
  • Aug 20, 2012 9:52am Aug 20, 2012 9:52am
I'm going to caveat this as much as possible before I give my answer:

Clichés inc.

- It is not the system, but the trader that makes the profit. Most systems can be profitable given the correct application.

- You should probably 'shop around' before you settle. Do this on demo accounts. Although I like to look at the market on 15min, I cant trade it because my lifestyle doesnt allow me to be at my broker all day. Find a timeframe that fits you.

- Using a ridged system can limit your trading massively. Especially the use of defined exit points on low timeframes. If you trade like this, you have to be awesome.... perfect entrance perfect exit perfect money management. Having a method rather than strict entry and exit points can work better for some traders.


My choice = SonicR.

I don't trade it myself because I cant do 15min, but I use a very similar method on the daily chart.

Pros - It is simple, and the concept of wave analysis will serve you very well. Traderathome has created an incredible chart template that makes it all so clear. The founder of the thread is awesome. So helpful and insightful.

Cons - You have to read through a lot of trash to find the useful posts. Lots of spam. But hey - if it's easy, it's not worth having right?
  • #8
  • Aug 20, 2012 11:36am Aug 20, 2012 11:36am
My favorite system is the one that does this:

Buy and the price goes down
Sell and the price goes up.

Now... don't they all do just that?
  • #9
  • Aug 20, 2012 1:00pm Aug 20, 2012 1:00pm
I prefer pure price action "systems".
I've started out with the famous J16 thread, coupled with B.S. Trading with Kenneth Lee, where they focus on supply/demand trades.

Right now, I would suggest you visit:
http://www.forexfactory.com/showthread.php?t=288707
http://www.forexfactory.com/showthread.php?t=206723

Both have very informative, no-bullshit-to-the-point videos and good chart examples throughout the topic.
They are commercial - I'm not a member of any of them, but would still pick them (just the free material), as pretty much the best you can get in terms of PA education on this forum.
Thoughts are things
  • #10
  • Aug 20, 2012 1:40pm Aug 20, 2012 1:40pm
The System II (Yes with irony)
James16 group

I think they are not systems per se, but more like "methods."

I'm trading quite good with these methods. I really don't like indy-dependent trading because of my personality. A good thing about my way is, I can trade any time-frames above 1h (1h, 4h, and day). This way, I can make very steady weekly profit regardless of the market (trending or ranging).

Just my two cents
  • #11
  • Aug 20, 2012 2:22pm Aug 20, 2012 2:22pm
'Price is everything' thread to learn about supply and demand. And then delve into how the market works eg. Latent orders etc, see Darkstar coupled with 'Trading and Exchanges' book by Larry Harris
  • #12
  • Aug 20, 2012 3:30pm Aug 20, 2012 3:30pm
Re your question for trading system, i think you have to clear what's your T/F and how much would you like to get per position?
For instance, i see many traders follow some systems which are for H4 but they use it for M5 or M15. Anyway;
If you back the history of any pairs, you can see some levels are very important during the day, week, month and different Time Frames, we call them," Resistance or Support" as you know, so you have to write them down in your Trading Book and use them at the time of trading
if you look at my analysis ( i don't wanna say they are even 90% accurate), you see most of the time, it's in the correct direction of the market because i really follow of the chart and the Market principle,That's all.
and if i want to trade for 2 or 3 hours and get 20 or max 50 pips profit, i use very very simple tools and methods. That's all.
Following colorful indis, Systems, lob lob lob it's good to waste your money and time
Have a nice week
Kami
Don’t follow someone else’s trading advice blindly
  • #13
  • Aug 20, 2012 11:41pm Aug 20, 2012 11:41pm
Quoting LaurenceDale


My choice = SonicR.
Thanx for ur contribution.
  • #14
  • Aug 20, 2012 11:43pm Aug 20, 2012 11:43pm
Quoting Quezoy
I prefer pure price action "systems".
I've started out with the famous J16 thread, coupled with B.S. Trading with Kenneth Lee, where they focus on supply/demand trades.

Right now, I would suggest you visit:
http://www.forexfactory.com/showthread.php?t=288707
http://www.forexfactory.com/showthread.php?t=206723
Thanx a lot sir... will deftly consider PA based trading.
  • #15
  • Aug 20, 2012 11:45pm Aug 20, 2012 11:45pm
Quoting Porkpie
'Price is everything' thread to learn about supply and demand. And then delve into how the market works eg. Latent orders etc, see Darkstar coupled with 'Trading and Exchanges' book by Larry Harris
thanx ..so I notice Darkstar pops up again !
  • #16
  • Aug 20, 2012 11:46pm Aug 20, 2012 11:46pm
Quoting kamifx
Re your question for trading system, i think you have to clear what's your T/F and how much would you like to get per position?
For instance, i see many traders follow some systems which are for H4 but they use it for M5 or M15. Anyway;
If you back the history of any pairs, you can see some levels are very important during the day, week, month and different Time Frames, we call them," Resistance or Support" as you know, so you have to write them down in your Trading Book and use them at the time of trading
if you look at my analysis ( i don't...
Thanx for ur inputs.
  • #17
  • Aug 20, 2012 11:57pm Aug 20, 2012 11:57pm
Dear all,

I have noticed that the following clichés are repeated too often..

That it is the trader that makes the difference not the system.
And u must chose a method which suits ur personality.
One system which suits someone may not suit others.. so forth and so on.

But every trader needs at least the following things to succeed:

1). An edge which can be achieve by a method/trading system.
2). A conviction in a certain method which gives DISCIPLINE.
3). Hard work to master ur method with discipline.

So in all this noise all I wanted to do was to separate the systems which r known to have an edge from those which dont.

So I needed the experienced traders to name their systems so that a trader does not waste his many months and money on some approach which at the end of the day has no permanent edge.

Trading with these methods profitably or not will depend on trader to trader at the end of the day.

Thanx.
  • #18
  • Aug 21, 2012 12:05am Aug 21, 2012 12:05am
Quoting Forexgogo
The System II (Yes with irony)
James16 group

I think they are not systems per se, but more like "methods."

I'm trading quite good with these methods. I really don't like indy-dependent trading because of my personality. A good thing about my way is, I can trade any time-frames above 1h (1h, 4h, and day). This way, I can make very steady weekly profit regardless of the market (trending or ranging).

Just my two cents
Thank you for ur reply sir.
  • #19
  • Aug 21, 2012 2:18am Aug 21, 2012 2:18am
Quoting AcidfluxX
Dear all,

I have noticed that the following clichés are repeated too often..

That it is the trader that makes the difference not the system.
And u must chose a method which suits ur personality.
One system which suits someone may not suit others.. so forth and so on.
that's discretionary bullshit in my opinion.
in regards to which system has an edge i cannot give you a single system that works as is in the forum. you have to backtest all of them and find if something could work or not. price action from nobrainer trades and james16 and indicators and ideeas of how to use them from a lot of systems tried.
if you want to find something that works i'm afraid that there are no shortcuts and you have to do the work necessary.
1 trading systems forum
2 http://forex-strategies-revealed.com/
3 http://www.forexstrategiesresources.com/

keep in mind that a losing system can have in it some good filters; filters you can use in other systems so that they work. don't try to disregard the ideea if it does not work as it was presented. ask yourself if i was to add another filter could it work that way?

http://www.forexfactory.com/showthread.php?t=7603 the bagovino method . simple idea which i did not fully backtest but it has periods when it works. once again don't disregard the idea if it does not work as is. try making it work. such example should be adding a stochastic for the overbought and oversold levels so that you get out early from a turning trade.
  • #20
  • Aug 21, 2012 2:58am Aug 21, 2012 2:58am
Here's a system that works, and proven by TradeExplorer tracking. Look at the trade list and study the statistics.

http://www.forexfactory.com/robertj62#79-list
No longer trading forex. Looking for full time job.
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