If it's such a great system, why isn't there a Trade Explorer attached? | Page 4 | Forex Factory

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If it's such a great system, why isn't there a Trade Explorer attached?

  • #61
  • Jan 30, 2013 3:50am Jan 30, 2013 3:50am
Quoting CindyXXXX
Hm... This is the dilemma

I thinks its natural for new traders particularly on the internet with all the scams and what not that happen to be first skeptical about anyone who is dictating/ influencing there action and potentially luring them into a lot of wasted time, effort, money.. So I don't think you can blame someone when they simply would like evidence that the system preachers know what they are talking about. Just to look at it from their point of view.

Conversely you have a situation where someone let's say RJ goes out of his way...
LOL, Ya I've been lurking on this forum for a couple of years, had a weak moment and started this thread. I have no Idea at what point RJ took it upon himself to be offended or think anything, at least that I have posted, is meant to ridicule him or to single anyone else in particular out, It was meant more as a general question.

And with that said I am going to try and follow your lead and keep to myself..... fk you all also
  • #62
  • Jan 30, 2013 3:56am Jan 30, 2013 3:56am
its free information, can't see why anyone thinks they have the right to complain, scammers bullshit whatever, be accountable to yourself
tradewith60
  • #63
  • Jan 30, 2013 4:00am Jan 30, 2013 4:00am
Quoting Kyler
LOL, Ya I've been lurking on this forum for a couple of years, had a weak moment and started this thread. I have no Idea at what point RJ took it upon himself to be offended or think anything, at least that I have posted, is meant to ridicule him or to single anyone else in particular out, It was meant more as a general question.

And with that said I am going to try and follow your lead and keep to myself..... fk you all also

It's not you who has offended me Kyler. I think you have asked an honest question, and I have answered it, several times with honesty.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #64
  • Jan 30, 2013 4:02am Jan 30, 2013 4:02am
Quoting Patience
I must have missed that post
It wasn't in this thread.....and I won't repost it here because it is inappropriate.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #65
  • Jan 30, 2013 4:28am Jan 30, 2013 4:28am
A lot of systems can work which fail and vice versa.... the problem is usually the trader...
  • #66
  • Edited 10:42pm Jan 30, 2013 10:32pm | Edited 10:42pm
Quoting Kyler
I appreciate the time people take to write a nice descriptive post on the mechanics of their latest and greatest trading system. But if its such an awesome system why don't they attach an explorer to it?

A 1200 character post isn't worth much without any proof, all you new people to forex ask yourself this question every time you see that new and improved system, If its so good why isn't the Author backing it up!


I am in no way trying to say that there is not money to be made in Forex, I do pretty good myself,[b] I just want to know...
Well, most people are probably smart enough to not share their profitable strategy. However, there are some people that do have a trade explorer attached to their strategy thread (just look around at the trade explorers out there). Some have been profitable and some have not. Either way it doesn't mean there system is necessarily good or bad over the very long haul. It just means it has been profitable (or not) during the time they have been running it. But yea, most people don't know what they're doing.

Now with that said, my advice is gain experience to know how to handle as many different situations as possible and be able to adapt. That gives you the best chance. Experience.
  • #67
  • Jan 31, 2013 7:10am Jan 31, 2013 7:10am
Quoting Kyler
I appreciate the time people take to write a nice descriptive post on the mechanics of their latest and greatest trading system. But if its such an awesome system why don't they attach an explorer to it?

A 1200 character post isn't worth much without any proof, all you new people to forex ask yourself this question every time you see that new and improved system, If its so good why isn't the Author backing it up!


I am in no way trying to say that there is not money to be made in Forex, I do pretty good myself,[b] I just want to know...
I dont want to burst anyone's bubble but the answer is simple and clear , it is because all systems doesnt work eventually , so in reality pick any system you want and you will have profitable trades and losing trades , so it is meaningless to post after the event charts "cherry picking" showing wonderful setups to the readers ! ofcourse if they do use the TE they cant cherry pick their entries . To really prove a certain system is profitable you have to back test all possible entries in the past during different market cycles/conditions and show if the system have a positive expectancy which i highly doubt that such a system does exist , why ? If there is such a system then it means that you are better than algos and bots and other professional traders that you saw such an opportunity and they didn't , and if they knew about this system or setup then the system will become obsolete cuz everyone will be competing to take advantage of it ! so in reality to say that a certain setup/system will make you money is counterintuitive . Forex is a very competitive market with huge volumes and very tight conditions you think you can make money from other market participants just by reading a thread on FF ?! That explains why most traders lose although there are many free systems out there to follow !
  • #68
  • Edited 6:18am Feb 1, 2013 3:46am | Edited 6:18am
It's a good question. I think it would give any Trading System more credibility. There are a number of problems, though. It is possible to "cherry pick" the best Trade Explorer account or results. So it would have to be an ongoing account. I was one of the beta testers for the Trade Explorer and it's a great piece of software, especially if you are learning and need some figures to evaluate a method or system. Quantitative Analysis.

I look at people's Trade Explorers and sometimes I'm impressed, but rarely. It has to be running for more than a month to make any sense, and have more than, say, 20 trades... I post a Trade Explorer as a matter of pride, but I don't want people to know what my real time trades and, as far as I know, ActForex is not supported. So I chose a demo account from an arbitrary broker and just stuck some long term trades on it. If it starts to look stupid I'll take it down. I know that's cowardly but I don't care, nor do I have the time to trade that account like I trade my day to day accounts. I don't need to impress anyone.

When I say I don't want people to follow my real time trades, I have good reasons. The same reasons apply to why I won't share my strategies on the Trading Systems Forum. I haven't got the time to hold anybody's hand or explain why a trade loses, or scold someone when they don't hold a trade. Believe me, I have read a few Trading Systems threads and I wouldn't want to go through that for anything.

I can see the value of a Trade Explorer to someone in the Commercial Content Forum and if I ever wanted to get some punters, I'd probably follow that route.
Gone to a better place
  • #69
  • Feb 1, 2013 4:09am Feb 1, 2013 4:09am
Well... you can't just go up to any person on the street driving a mercedes and say "hey you seem successful. show me your bank account. I want to know if the money you made is real or not"

The same thing applies here no?
  • #70
  • Feb 1, 2013 5:04am Feb 1, 2013 5:04am
Quoting thelws
Well... you can't just go up to any person on the street driving a mercedes and say "hey you seem successful. show me your bank account. I want to know if the money you made is real or not"

The same thing applies here no?
No. Not really. You can see the Mercedes.

A lot of pretending goes on here. The Trade Explorer doesn't have to show the monetary amount. Just that the system or Commercial Product being sold is successful. I'm not really bothered if people show one or not because I have my own way of trading but I do admire those that do.

Anyway, the guy in real life with the Mercedes could be pretending as well. The Mercedes could be leased.
Nothing worth having is easy.
  • #71
  • Feb 1, 2013 6:07am Feb 1, 2013 6:07am
ok, think of it this way..

If a restaurant wants your business, you first want to know that the food is good..

If a restaurant offers you a free dinner, you're probably going to go , try the food, then decide if it was good.

Either way, its free food so stop bleating like a girl...man up! (in a trading sense of course)
tradewith60
  • #72
  • Feb 1, 2013 6:11am Feb 1, 2013 6:11am
Quoting 60minuteman
ok, think of it this way..

If a restaurant wants your business, you first want to know that the food is good..

If a restaurant offers you a free dinner, you're probably going to go , try the food, then decide if it was good.

Either way, its free food so stop bleating like a girl...man up! (in a trading sense of course)
Ofcourse you are free to show or not to show your TE on your system thread , but this is irrelevant here , we are discussing why most system developers dont show their systems on the TE at least on a demo account ?! surely if they did it will give more credibility to the system discussed and may provide some sort of forward testing with real live prices , it is more productive that way ....
  • #73
  • Feb 1, 2013 6:17am Feb 1, 2013 6:17am
Quoting tar
Ofcourse you are free to show or not to show your TE on your system thread , but this is irrelevant here , we are discussing why most system developers dont show their systems on the TE at least on a demo account ?! surely if they did it will give more credibility to the system discussed and may provide some sort of forward testing with real live prices , it is more productive that way ....
No....it will simply show that the developer can successfully trade his own system.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #74
  • Feb 1, 2013 6:33am Feb 1, 2013 6:33am
Quoting realjumper
No....it will simply show that the developer can successfully trade his own system.
Isn't that the whole point of this thread?
Gone to a better place
  • #75
  • Feb 1, 2013 6:35am Feb 1, 2013 6:35am
Quoting smikester
Isn't that the whole point of this thread?
the thread implies that a good system should have the thread starters trade explorer displayed or it isn't a great system.

If nobody can see the flaw in that, fair enough...
tradewith60
  • #76
  • Feb 1, 2013 12:05pm Feb 1, 2013 12:05pm
Quoting 60minuteman
ok, think of it this way..

If a restaurant wants your business, you first want to know that the food is good..

If a restaurant offers you a free dinner, you're probably going to go , try the food, then decide if it was good.

Either way, its free food so stop bleating like a girl...man up! (in a trading sense of course)
Not a true analogy.
More like the restaurant offers a free recipe and you have to cook the food yourself
Please Do Not PM Me With Coding Enquiries
  • #77
  • Feb 1, 2013 12:49pm Feb 1, 2013 12:49pm
It still amazes me how so many people see trading with such a narrow line of sight. Trading is constantly changing because the markets are constantly evolving. Someone who was successful yesterday may not be successful today. Therefore someone who has a trade explorer showing profit over the last x years might not make another dime (and vice versa). To my eyes, a profitable history (like a profitable trade explorer) doesn't mean much.

RJ brings up a good point in this thread that not every trader is going to trade the same way. Even if they follow the same "rules". There are obviously some things which most successful traders have in common, but the exact mindset and approach are not identical. You have your own unique exposure out of many different instruments and circumstances. You have your own unique risk tolerance. You have your own objectives. So on and so on. Just find what works for you and gain experience with your ways. Can't stress how important your own experience is. If there was one thing I would attach to the term holy grail (not that there is one, but the closest thing to it), it would be EXPERIENCE. Any and every top professional has it. Pilots, surgeons, etc. You need experience to be great over time.

If you're new to trading all I can say is there are no real shortcuts, with the exception of insider trading. I will assume most don't have insider knowledge or connections however. Some people may give you helpful tips and advice, but ultimately you will learn the jungle best by walking through it yourself.
  • #78
  • Feb 1, 2013 1:08pm Feb 1, 2013 1:08pm
Quoting 2+2=4ex
It still amazes me how so many people see trading with such a narrow line of sight. Trading is constantly changing because the markets are constantly evolving. Someone who was successful yesterday may not be successful today. Therefore someone who has a trade explorer showing profit over the last x years might not make another dime (and vice versa). To my eyes, a profitable history (like a profitable trade explorer) doesn't mean much.

RJ brings up a good point in this thread that not every trader is going to trade the same way. Even if...
Agree +1 , but this has nothing to do with the OP's question ....
  • #79
  • Feb 1, 2013 1:10pm Feb 1, 2013 1:10pm
Quoting 2+2=4ex
Someone who was successful yesterday may not be successful today. Therefore someone who has a trade explorer showing profit over the last x years might not make another dime (and vice versa). To my eyes, a profitable history (like a profitable trade explorer) doesn't mean much.
.
Agree , same applies to systems , if it is working on a backtest doesn't mean it will work ...
  • #80
  • Feb 1, 2013 2:12pm Feb 1, 2013 2:12pm
Quoting smikester
Isn't that the whole point of this thread?
The OP asks "If it's such a great system, why isn't there a Trade Explorer attached"

The inference in that question is that it 'can't be a great system if there isn't a Trade Explorer attached.'

In fact the system could be complete crap but the propeller-head developer can turn a great profit with his baby and adding a Trade Explorer will show just that.....that the propeller-head developer can trade his own system.....no surprises there, right?

Attaching or not attaching a Trade Explorer will not show "if it is such a great system"......it will only show that one person, the developer, can trade the system.

So to come back to the OP's question (and the 'whole point of this thread'), "If it's such a great system, why isn't there a Trade Explorer attached", the answer is very simple.......a Trade Explorer attached will not show whether a system is great or not. Therefore the inference in the OP's question is flawed.
Doing what you like is Freedom. Liking what you do is Happiness.
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