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Which is your favorite Trading System?

  • #21
  • Aug 21, 2012 3:19am Aug 21, 2012 3:19am
Hi again
Unfortunately, you see so many links for selling EA and Books and indicators
These people waiting till someone asks sth then advertise their Trash.
Don’t follow someone else’s trading advice blindly
  • #22
  • Aug 21, 2012 3:33am Aug 21, 2012 3:33am
Quoting mmaker
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
There are several open trades as we speak, so you can track how his trades do real time until they are closed. If you look at his history, he seldom loses. Nothing to sell here or advertise. Just study his trades and statistics. See for yourself.
No longer trading forex. Looking for full time job.
  • #23
  • Aug 21, 2012 3:37am Aug 21, 2012 3:37am
Quoting kamifx
Hi again
Unfortunately, you see so many links for selling EA and Books and indicators
These people waiting till someone asks sth then advertise their Trash.
what's wrong with advertising? it's the core of any economy. what do you expect? do you expect that someone will teach you everything that he knows for free on an internet forum for everyone to see?
  • #24
  • Aug 21, 2012 3:39am Aug 21, 2012 3:39am
Quoting mmaker
There are several open trades as we speak, so you can track how his trades do real time until they are closed. If you look at his history, he seldom loses. Nothing to sell here or advertise. Just study his trades and statistics. See for yourself.
So do u know which system/method he uses to trade?
  • #25
  • Aug 21, 2012 3:40am Aug 21, 2012 3:40am
I recommend the threads which preaches price action trading and order flow.

My personal favs are threads from
forexhard
redsworth
darkstar

Just to name a few.
  • #26
  • Aug 21, 2012 3:57am Aug 21, 2012 3:57am
Quoting AcidfluxX
So do u know which system/method he uses to trade?
I believe in letting people watch his trades and then be convinced. Rather than "advertise trash" and attracting trolls who just criticize for the sake of trolling. I will private message you, rather than let these troublemakers criticize the system/method.
No longer trading forex. Looking for full time job.
  • #27
  • Aug 21, 2012 4:24am Aug 21, 2012 4:24am
To get rid of all the clutter, I will list the threads which have been vouched for or recommended so far in the discussions on this thread :


+ No Brainer
+ Spuds MTF Stochs
+ Genesis System by RealJumper
+++ Darkstar Order Flow
+ SonicR
+ B.S. Trading with Kenneth Lee
++ J16 thread
+ The System II (Yes with irony)
+ LJ Forex Group
+ Trading with Deadly Accuracy
+ Price is everything thread
+ Forexhard
+ Redsworth

The number of "+" is the number of distinct mentions so far.

So people who have not given a chance to these threads know what they r missing. I m surprised no one to vouch for THV's profitability so far. Also pls keep this clutter free.
If a system gets 10 "+" , then i ll start manual backtesting it (dont trust algos) and update u guys with the results.

Meanwhile more votes please.
  • #28
  • Aug 21, 2012 4:53am Aug 21, 2012 4:53am
Quoting AcidfluxX
The number of "+" is the number of distinct mentions so far.
One suggestion is to monitor if any of these threads have TradeExplorer or myFXbook tracking to prove that they are really trading well.
No longer trading forex. Looking for full time job.
  • #29
  • Aug 21, 2012 5:12am Aug 21, 2012 5:12am
Quoting mmaker
One suggestion is to monitor if any of these threads have TradeExplorer or myFXbook tracking to prove that they are really trading well.
That's a good suggestion.

But let us first narrow down to a few systems. If only more people name the systems which have been profitable at least on demo.
  • #30
  • Aug 21, 2012 6:01am Aug 21, 2012 6:01am
Genesis Matrix System
Profitable ever since I started using that
  • #31
  • Aug 21, 2012 6:07am Aug 21, 2012 6:07am
Quoting AcidfluxX
To get rid of all the clutter, I will list the threads which have been vouched for or recommended so far in the discussions on this thread :


+ No Brainer
+ Spuds MTF Stochs
+ Genesis System by RealJumper
+++ Darkstar Order Flow
+ SonicR
+ B.S. Trading with Kenneth Lee
++ J16 thread
+ The System II (Yes with irony)
+ LJ Forex Group
+ Trading with Deadly Accuracy
+ Price is everything thread
+ Forexhard
+ Redsworth

The number of "+" is the number of distinct mentions so far.

So people who have not given a chance to these threads know what...
I should say this:
forexhard opened the thread "stairstep breakout"
red opened " Price is everything "

just saying since i see duplicates in your list
  • #32
  • Aug 21, 2012 6:26am Aug 21, 2012 6:26am
Quoting thelws
I should say this:
forexhard opened the thread "stairstep breakout"
red opened " Price is everything "

just saying since i see duplicates in your list
Good u pointed it out... i ll correct it in my next update.
  • #33
  • Aug 21, 2012 6:46am Aug 21, 2012 6:46am
Quoting thelws
I should say this:
forexhard opened the thread "stairstep breakout"
red opened " Price is everything "
just saying since i see duplicates in your list
Why is the two threads considered duplicates?
No longer trading forex. Looking for full time job.
  • #34
  • Aug 21, 2012 8:14am Aug 21, 2012 8:14am
Spent a good 10mo testing most major systems on this forum, and the best (by far imo) is the THV/Pipware system. I'm using it on the 1hr charts and it's pretty phenomenal after some tweaking

The THV/Pipware developers are always invited to stay at my place if they ever visit London...I owe 'em that much

PS: I can't believe this thread is on page 3 and nobody has mentioned this system yet...
  • #35
  • Aug 21, 2012 8:58am Aug 21, 2012 8:58am
Quoting 4exNinja
Spent a good 10mo testing most major systems on this forum, and the best (by far imo) is the THV/Pipware system. I'm using it on the 1hr charts and it's pretty phenomenal after some tweaking

The THV/Pipware developers are always invited to stay at my place if they ever visit London...I owe 'em that much

PS: I can't believe this thread is on page 3 and nobody has mentioned this system yet...
Anyone using THV/Pipware with live/demo statistics on ForexFactory's TradeExplorer or myfxbook? It would be nice to see one. Not saying I don't trust your "phenomenal" results but want to see a TradeExplorer from anyone from that thread.
No longer trading forex. Looking for full time job.
  • #36
  • Aug 21, 2012 9:02am Aug 21, 2012 9:02am
I would vouch for fxkiller's thread, don't have a fancy name for his system though. He calls trades live and tracked by the linked Trade Explorer account so everything is open and transparent.

http://www.forexfactory.com/showthre...48#post5945048
No longer trading forex. Looking for full time job.
  • #37
  • Aug 21, 2012 9:13am Aug 21, 2012 9:13am
Quoting mmaker
Anyone using THV/Pipware with live/demo statistics on ForexFactory's TradeExplorer or myfxbook? It would be nice to see one. Not saying I don't trust your "phenomenal" results but want to see a TradeExplorer from anyone from that thread.
I'm afraid I switched servers a week ago and was stupid enough to delete my historic results on my live account. My demo account is on Forexfactory, but I only use it to test various tweaks, so it looks hilarious (using various MAs as exit signals...) and doesn't contain as many trades.

I and some work mates hired an Indian programmer who's currently doing some extensive backtesting for us, once he's done I can report decent results.

As for my tweaked entry/exit rules:

Quote
For going long (short is the inverse):

1) The candle body is at least 5pips, with the majority being above the 5EMA.
2) If price is above the Coral, the fast Trix has to turn green (which is basically a TDI cross upwards). The slow Trix doesn't necessarily have to be green, but if it isn't, the failure rate is a bit higher...still profitable to do it though
3) If price is below the Coral, the fast and slow Trix have to be green and the fast one needs to cross the slow one upwards.
4) Stochiastics needs to be green and pointing upwards. They...

This thread does a good job at highlighting trade examples, and using the rules posted above you should be able to run a small backtest yourself to see if it works

The best threads are the ones actively discussing trades, and not just some theoretical system...and the one linked above does a good job at that
  • #38
  • Aug 21, 2012 9:27am Aug 21, 2012 9:27am
Quoting 4exNinja
I'm afraid I switched servers a week ago and was stupid enough to delete my historic results on my live account. My demo account is on Forexfactory, but I only use it to test various tweaks, so it looks hilarious (using various MAs as exit signals...) and doesn't contain as many trades.
That's too bad. I think the ForexFactory Trade Explorer is the best thing ever created. We can filter out all the claims by simply linking any thread or trader to the Trade Explorer. If the results don't show it, or for some valid reasons were deleted, then people can't make big claims because the Trade Explorer shows it all. Yes, we understand many people use Demo for tweaking and stuff. But hopefully someone will show their THV/Pipware statistics on TradeExplorer or myfxbook. Real trading is quite different from backtesting.
No longer trading forex. Looking for full time job.
  • #39
  • Aug 21, 2012 9:48am Aug 21, 2012 9:48am
Quoting mmaker
That's too bad. I think the ForexFactory Trade Explorer is the best thing ever created. We can filter out all the claims by simply linking any thread or trader to the Trade Explorer. If the results don't show it, or for some valid reasons were deleted, then people can't make big claims because the Trade Explorer shows it all. Yes, we understand many people use Demo for tweaking and stuff. But hopefully someone will show their THV/Pipware statistics on TradeExplorer or myfxbook. Real trading is quite different from backtesting.
Agreed...and many people "tweak" the system after a while. For example, I'm trading on the 1hr charts whereas the original THV was meant for the 15min charts. I also tweaked entry/exit signals...and I know others have done so too.

So the "base system" might be THV/Pipware, but people change the rules (slightly) to fit their needs

In a few weeks when my sample size is big enough again I'll repost my stats
  • #40
  • Aug 21, 2012 10:00am Aug 21, 2012 10:00am
Quoting 4exNinja
Agreed...and many people "tweak" the system after a while. For example, I'm trading on the 1hr charts whereas the original THV was meant for the 15min charts. I also tweaked entry/exit signals...and I know others have done so too.

So the "base system" might be THV/Pipware, but people change the rules (slightly) to fit their needs

In a few weeks when my sample size is big enough again I'll repost my stats
Interesting that you mentioned tweaking. If someone found a good profitable system, and proven with results, and all you have to do is follow the same exact steps ...... you would theoretically reap the same results. BUT, what people tend to do is to "doubt" the system, and then try to tweak it or "make it better". After a series of extensive tweaking and modifications, and adding of new features after backtesting, the "new" system is quite different from the original proven system. Everyone wants to tweak everyone else's system, because everyone thinks they know better.

In the same mode, if the new and latest tweak worked phenomenally, and is introduced to the third person, .... guess what, that person is going to tweak it to make it "even better". And then backtest and backtest to death. If for some reasons the trading failed and lost money, the conclusion is that the original system is no good.

The originator is confused because the money is there, all you have to do is follow the exact steps. But what he didn't know is the amount of tweaking, modification, additions, deletions, enhancements, that the user had done to doubt his system. So trying to find out what is the "best" system out there is quite a task, because even if you found one ....... you will tweak it and mess with it.
Attached File(s)
File Type: mp3 about tweaking (3mins).mp3   1.1 MB | 284 downloads
No longer trading forex. Looking for full time job.
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