If it's such a great system, why isn't there a Trade Explorer attached? | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

negative equity: isn't it crazy to take such a risk? 2 replies

what if every free system is attached to a trading explorer? 28 replies

Is there any such EA out there? 2 replies

is there such a indicator system? 2 replies

There's no such thing as a trading system - discuss! 15 replies

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

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

  • #81
  • Feb 1, 2013 4:57pm Feb 1, 2013 4:57pm
Good question..but i think any system could be profitable, btw even if you don t follow a system, you can be profitable...on the contrary, even if you follow a Profitable system for an other person, you can have a margin call..
i personally think it s stupid to follow an other person system, forex trading is not science, it s only part science, the other part is art or experience or whatever you want to call it..
Ps: i do have a trade explorer made public, but it s in the journal section, should be called the journey section
  • #82
  • Feb 1, 2013 10:47pm Feb 1, 2013 10:47pm
RJ

Whats you say is still irrelevant , not important if the TE is useful or not , the OP's question is why most system developers don't use it ? The answer is simple : cuz they know they cant make it and they know that their systems are flawed , and any system will become obsolete at some point .
  • #83
  • Feb 1, 2013 11:05pm Feb 1, 2013 11:05pm
Quoting TPOTrader
if it's such a great system you SHOULDN'T be sharing it in the first place. Your successful system is your business trade secret. No company on earth goes around and share their secrets.

You don't owe anybody.

Want to do something nice for your fellow man? donate to the Red Cross and keep chugging the profits.

what happens when your secret trading strategy gets out ?
  • #84
  • Feb 2, 2013 12:23am Feb 2, 2013 12:23am
Quoting tar
RJ

Whats you say is still irrelevant , not important if the TE is useful or not , the OP's question is why most system developers don't use it ? The answer is simple : cuz they know they cant make it and they know that their systems are flawed , and any system will become obsolete at some point .
That is probably the most common answer, but may not be the only answer. It could very well be that they have do have full faith and confidence in their system but just don't feel the need to set one up. Or maybe they are just too lazy to set one up. It doesn't always have to be cause they think their system is flawed or they think it will not succeed eventually - although I agree it is the most likeliest reason.

Regardless, whether RJ is or isn't directly answering the question in the thread title, it is a legitimate response to state that a trade explorer is not important (in his opinion). In the OP the thread starter seems to genuinely be asking why there aren't more trade explorers on systems. I don't believe it is off topic to reply with something to the effect of "what difference does it make?". Even if it doesn't answer the question to your satisfaction or is in your perspective "irrelevant".
  • #85
  • Feb 2, 2013 12:24am Feb 2, 2013 12:24am
Quoting allisonmagic
what happens when your secret trading strategy gets out ?
It is no longer a secret
  • #86
  • Feb 2, 2013 2:11am Feb 2, 2013 2:11am
It only makes sense as its said 95% of traders don't make money so we are left with only 5% of traders that make money in this business.Now out of that 5%,how many will come on FF and post a trading system let me guess less that 1%...and out of that 1% some of you say system might not make money later on,and some of the system developers even admit the system isnt making money for them anymore (lets not forget EAs that are also programmed systems)so its just a needle in a haystack.
I would say it is wickedness to say a trade explorer that will serve as a filter and help you find that needle isn't of value
  • #87
  • Feb 2, 2013 2:36am Feb 2, 2013 2:36am
Quoting 2+2=4ex
It is no longer a secret

indeed
  • #88
  • Feb 2, 2013 2:41am Feb 2, 2013 2:41am
Quoting tar
RJ

Whats you say is still irrelevant , not important if the TE is useful or not , the OP's question is why most system developers don't use it ? The answer is simple : cuz they know they cant make it and they know that their systems are flawed , and any system will become obsolete at some point .
No...the OP's question is not "why most system developers don't use it (the TE)........the question is 'if it's such a great system, why isn't there a Trade Explorer attached?'

To address your comment "not important if the TE is useful or not".......if it's not important if the TE is useful or not, then you agree that the use of one is redundant. Thank you.

You statement: "cuz they know they cant make it and they know that their systems are flawed" is utter rubbish. *You* may well think that all the systems are flawed, but what you think is not relevant. Why would a developer publish a free system and support it if (according to you) he knows his system is flawed??? What would be the point of that?????
Doing what you like is Freedom. Liking what you do is Happiness.
  • #89
  • Feb 2, 2013 2:48am Feb 2, 2013 2:48am
Quoting Kasapreko
I would say it is wickedness to say a trade explorer that will serve as a filter and help you find that needle isn't of value
It won't serve as a filter. If (say) 100 randomly chosen traders use only a given system, and ALL use a TE, then you may have a point. Having the system developer only, use a TE will only show that the system developer can make a profit with his own system.

In order for the TE to have value, the system must be used by a given number of traders all of which use a TE. If the majority of the traders show a profit (via each TE) then you have a high chance that the system is a good one. If the majority bomb out, then you have a high chance that the system is crap.

Having one TE only.....and that one is of the system developer, shows nothing.

You cannot do a survey of 1 person and expect it to yield any data of value!!!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #90
  • Feb 2, 2013 3:16am Feb 2, 2013 3:16am
Quoting 2+2=4ex
Regardless, whether RJ is or isn't directly answering the question in the thread title, it is a legitimate response to state that a trade explorer is not important (in his opinion). In the OP the thread starter seems to genuinely be asking why there aren't more trade explorers on systems. I don't believe it is off topic to reply with something to the effect of "what difference does it make?". Even if it doesn't answer the question to your satisfaction or is in your perspective "irrelevant".
Exactly right 4ex
Doing what you like is Freedom. Liking what you do is Happiness.
  • #91
  • Feb 2, 2013 3:53am Feb 2, 2013 3:53am
Quoting 2+2=4ex
That is probably the most common answer, but may not be the only answer. It could very well be that they have do have full faith and confidence in their system but just don't feel the need to set one up. Or maybe they are just too lazy to set one up. It doesn't always have to be cause they think their system is flawed or they think it will not succeed eventually - although I agree it is the most likeliest reason.
Yes agree , that's why i said most developers , i can see that some may not have the time or couldn't be bothered to setup the TE but not most of them !
  • #92
  • Feb 2, 2013 3:56am Feb 2, 2013 3:56am
Quoting 2+2=4ex
Regardless, whether RJ is or isn't directly answering the question in the thread title, it is a legitimate response to state that a trade explorer is not important (in his opinion). In the OP the thread starter seems to genuinely be asking why there aren't more trade explorers on systems. I don't believe it is off topic to reply with something to the effect of "what difference does it make?". Even if it doesn't answer the question to your satisfaction or is in your perspective "irrelevant".
Yes ofcourse it is legitimate response and he is free to do so , but it is still irrelevant as it is not an answer why most developers agreed to not to use the TE !
  • #93
  • Feb 2, 2013 4:13am Feb 2, 2013 4:13am
Quoting realjumper
No...the OP's question is not "why most system developers don't use it (the TE)........the question is 'if it's such a great system, why isn't there a Trade Explorer attached?'

To address your comment "not important if the TE is useful or not".......if it's not important if the TE is useful or not, then you agree that the use of one is redundant. Thank you.

You statement: "cuz they know they cant make it and they know that their systems are flawed" is utter rubbish. *You* may well think that all the systems are flawed, but what you think...
Your comments is still irrelevant mate maybe u didn't get our comments , any normal trader would wonder the same why not to show on real life "TE" how a system works , it is the whole purpose of a system thread don't you think ? the answer is clear mate they want to cherry pick their setups and post screen shots but in reality they don't make money from their own systems and they are not sure if it is going to work . Now whats the point from sharing a system even if they dont have the confidence in it , it could be ego , guru , scam , skype groups or living a lie , or it could be some sort of brain storming , i would call the systems section an idea place , where we can share ideas and backtest some setups ... etc . That being said i wont dismiss that some of them are genuine and want to help others and maybe they don't have the time to use the TE , well maybe , but there is no relation between being good and genuine and profitability , any system out there will become obsolete in no time in these competitive markets , we are talking about trillions of $ here exchanged in a daily basis do you really think some sort of a free thread will make you money in the Forex markets ?!
  • #94
  • Feb 2, 2013 4:31am Feb 2, 2013 4:31am
Quoting tar
Your comments is still irrelevant mate maybe u didn't get our comments , any normal trader would wonder the same why not to show on real life "TE" how a system works , it is the whole purpose of a system thread don't you think ? the answer is clear mate they want to cherry pick their setups and post screen shots but in reality they don't make money from their own systems and they are not sure if it is going to work . Now whats the point from sharing a system even if they dont have the confidence in it , it could be ego , guru , scam , skype groups...
  • #95
  • Feb 2, 2013 5:04am Feb 2, 2013 5:04am
Quoting Kasapreko
any normal trader, trader being the important word... would test the system for himself and not rely on another persons ability to trade it for confidence.

whereas a noob who still hasn't really discovered what trading is really about wants to see proof and will believe anything with pound signs in front of it...

Some of the best lessons i learnt were from people who couldnt really trade, but they had good information to share. I took that, tested it, adjusted it, played some more, tested again... and it has added to my ability to trade... THAT is the purpose of the strategies thread.
tradewith60
  • #96
  • Feb 2, 2013 5:08am Feb 2, 2013 5:08am
Quoting 60minuteman
any normal trader, trader being the important word... would test the system for himself and not rely on another persons ability to trade it for confidence.

whereas a noob who still hasn't really discovered what trading is really about wants to see proof and will believe anything with pound signs in front of it...

Some of the best lessons i learnt were from people who couldnt really trade, but they had good information to share. I took that, tested it, adjusted it, played some more, tested again... and it has added to my ability to trade......
Agree thats why i said brain storming , idea place , nobody wants proof , a TE can be traded with a demo account not necessarily a live one ...
  • #97
  • Feb 2, 2013 5:54am Feb 2, 2013 5:54am
Quoting 60minuteman
any normal trader, trader being the important word... would test the system for himself and not rely on another persons ability to trade it for confidence.

whereas a noob who still hasn't really discovered what trading is really about wants to see proof and will believe anything with pound signs in front of it...

Some of the best lessons i learnt were from people who couldnt really trade, but they had good information to share. I took that, tested it, adjusted it, played some more, tested again... and it has added to my ability to trade... THAT...
Well most people who start a thread in the Trading Systems forum are presenting a system that they claim will make money for the trader and not asking for suggestions to improve it. Some may even take offence if you try to offer improvements.
A system is a clearly defined set of criteria that once met signal a trade entry.
Yes, everybody should test the system for themselves, but if the threadstarter has the confidence to attach and trade with a Trade explorer in real time, maybe more people would be inclined to spend the time to test it out for themselves.
Thankfully most of the threads that people start after finding the 5 minute holy grail wither and die because they simply don't work.
If somebody actually has the balls to attach a trade explorer or MyFX, they deserve respect.
Not everbody wants to, or is able to attach a TE, fair enough, but those that do increase their credibility.
Adding a TE is not a necessity, but it doesn't do any harm, does it?
Please Do Not PM Me With Coding Enquiries
  • #98
  • Feb 2, 2013 5:58am Feb 2, 2013 5:58am
Quoting tar
Agree thats why i said brain storming , idea place , nobody wants proof , a TE can be traded with a demo account not necessarily a live one ...
I think that the Trading Discussion forum is for brainstorming and ideas.
Trading Systems forum is for completed systems and maybe system developement.
Please Do Not PM Me With Coding Enquiries
  • #99
  • Feb 2, 2013 6:00am Feb 2, 2013 6:00am
Quoting Gumrai
Well most people who start a thread in the Trading Systems forum are presenting a system that they claim will make money for the trader and not asking for suggestions to improve it. Some may even take offence if you try to offer improvements.
A system is a clearly defined set of criteria that once met signal a trade entry.
Yes, everybody should test the system for themselves, but if the threadstarter has the confidence to attach and trade with a Trade explorer in real time, maybe more people would be inclined to spend the time to test it out for...
there you go again concerning yourself with the thread starter.... it isnt a competition, its you against you..

surely you should be focussing on your own trading. Just stop and ask yourself why your brain is telling you other traders earning respect is important to YOU... when you suss it out, you will thank me

quoting you now

"A system is a clearly defined set of criteria that once met signal a trade entry."

mmm... so you just need to test that don't you... talk about missing your own point, are you on FF just to see who's the best trader? do you want to be a good trader or make money... you need to decide that first...
tradewith60
  • #100
  • Feb 2, 2013 6:18am Feb 2, 2013 6:18am
Quoting Gumrai
I think that the Trading Discussion forum is for brainstorming and ideas.
Trading Systems forum is for completed systems and maybe system developement.
It should be that way but in reality it isnt , that's why if you are familiar with systems threads you would have noticed how many systems have changed and sometimes the latest version of the system has nothing to do with the first post , thats why they keep editing and tweaking their own system , but the question is if it was working why change it ? and if it wasn't working then why share it ? and if it was working but not anymore then who said these changes and modifications wont stop working as well ? The simple fact is each system is good for a certain market condition or pattern , i think discretion plays a big part of someone's profitability .
0 traders viewing now