Are you willing to share your poor/ bad/ loser/ lousy system? | Page 2 | Forex Factory

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Are you willing to share your poor/ bad/ loser/ lousy system?

  • #21
  • Mar 9, 2013 10:31am Mar 9, 2013 10:31am
Quoting Kanzler
I have one bad system that trumps all the rest of them: martingale betting. Bad enough to almost bankrupt UBS. Maximum drawdown was nearly $12B and by the time they caught the guy he was up to $2B in losses again.
You know, martingale is actually a theoretically winning system, it just requires unlimited funds.
  • #22
  • Mar 9, 2013 9:29pm Mar 9, 2013 9:29pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Fradix
If you find a really consistently losing system on your hands - just flip the logic of the model and you should be consistently winning. In theory...
This is 100% false in real trading
MT4/MT5 EAs/Indicators/Alerts coder
  • #23
  • Mar 9, 2013 10:11pm Mar 9, 2013 10:11pm
Quoting FerruFx
This is 100% false in real trading
he even went on to discredit his own amateur-hour theory at the end of his post. real 'wisdom' in this one
Congratulations ScalaFX for coming out of the closet!
  • #24
  • Mar 9, 2013 10:25pm Mar 9, 2013 10:25pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting nubcake
he even went on to discredit his own amateur-hour theory at the end of his post. real 'wisdom' in this one
Yes
MT4/MT5 EAs/Indicators/Alerts coder
  • #25
  • Mar 10, 2013 3:29am Mar 10, 2013 3:29am
How to make a losing system into a winning system?

Simple: Sell it.
  • #26
  • Mar 10, 2013 4:22am Mar 10, 2013 4:22am
If you just go through FF threads, (so-called very good systems that many traders follow of them, of course just for short time) , you find out most of them are loser, just see their prediction according to their systems
Don’t follow someone else’s trading advice blindly
  • #27
  • Mar 10, 2013 7:40am Mar 10, 2013 7:40am
Quoting nubcake
he even went on to discredit his own amateur-hour theory at the end of his post. real 'wisdom' in this one
Quoting FerruFx
Yes
My point was: there is more to trading than just a system and personal discipline. You guys seem to be pros. Did you figure out what are the other factors that differentiate winners from losers?

BTW, nubcake: please correct me if I understood you wrong, but I sense arrogance in your comment, but then again, that does seem to be your style.
  • #28
  • Mar 10, 2013 7:56am Mar 10, 2013 7:56am
Quoting Fradix
My point was: there is more to trading than just a system and personal discipline. You guys seem to be pros. Did you figure out what are the other factors that differentiate winners from losers?
actually being right. not just pissing against a wall relying on magic, faith, or monkey-accounting.

i'm a pro bullshit detector. certificate and everything. has one of those fancy embossed emblems on it.

Quote
BTW, nubcake: please correct me if I understood you wrong, but I sense arrogance in your comment, but then again, that does seem to be your style.
it reads like a question, yet it sounds like you answered it for yourself.
Congratulations ScalaFX for coming out of the closet!
  • #29
  • Mar 10, 2013 8:08am Mar 10, 2013 8:08am
Quoting Fradix
My point was: there is more to trading than just a system and personal discipline. You guys seem to be pros. Did you figure out what are the other factors that differentiate winners from losers?

BTW, nubcake: please correct me if I understood you wrong, but I sense arrogance in your comment, but then again, that does seem to be your style.
Unfortunatelly,90% of traders or better to say losers imagine Systems, Indics, …, can help them to get a clear picture of trend, but;
As you’ve mentioned “there are other things which help traders”
I believe even the worst strategy or indicators make a nice pattern of market after price movement but at the time of trading they cannot guide us if we just focus on them and the reason of that is, we must have clear picture of market beforehand and according to that use systems, indics, …, for filtering our analysis.
At this time we can evaluate them and say Which system is power and which one is weak!!!
In this regard, having broad information about fundamental News, Financial Policy, History of charts, and many many other things in most of countries be very vital and in the end Patience, sticking to our strategy, the best time of trading, best pairs of the week will be included
Don’t follow someone else’s trading advice blindly
  • #30
  • Mar 10, 2013 9:54am Mar 10, 2013 9:54am
Quoting Fradix
Did you figure out what are the other factors that differentiate winners from losers?
Losers focus on their winners with no care for their growing losing positions. Winners do the exact opposite.
No greed. No fear. Just maths.
  • #31
  • Mar 10, 2013 10:16am Mar 10, 2013 10:16am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting PipMeUp
Losers focus on their winners with no care for their growing losing positions. Winners do the exact opposite.
Great one!
MT4/MT5 EAs/Indicators/Alerts coder
  • #32
  • Mar 10, 2013 7:40pm Mar 10, 2013 7:40pm
wow wow,,thank you for all the comments and the share ,,
I believe it can broaden horizons and outlook and our knowledge

yes i understand two traders who apply the same system /method
can have different results
due to different ways to manage while in the middle of the road
maybe also differences in the exit
resulting outcome is different

salaam
  • #33
  • Jun 22, 2013 7:46pm Jun 22, 2013 7:46pm
chart tell a thousand word
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 40 KB
if there is something you should keep secret,simply just save it,, so, just
  • #34
  • Jun 22, 2013 7:53pm Jun 22, 2013 7:53pm
Quoting Porkpie
How to make a losing system into a winning system? Simple: Sell it.

Hahahah This is to true.
  • #35
  • Jun 22, 2013 8:04pm Jun 22, 2013 8:04pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting sandycarrot
chart tell a thousand word {image}
This is why this is so important to learn where the price is coming from and where it is likely to stop (ref. 60minuteman great threads).
MT4/MT5 EAs/Indicators/Alerts coder
  • #36
  • Jun 22, 2013 8:50pm Jun 22, 2013 8:50pm
A system with less Government interference will work best.
We've all been "cowed" into believing the is protecting us
while all the time they encroach upon our basic rights.

Is there anyone who has the balls to begin saying "enough is enough".
If so, visit stopwatching.us
If you only leave your email your balls will grow bigger and you'll feel better.

"* I support a coalition of action against #NSA surveillance. Join me – ask US Congress to stop the NSA's alleged actions: stopwatching.us
* The web is meant to be open and free. Join me in asking US Congress to stop #NSA surveillance: stopwatching.us

To share via Twitter: http://mzl.la/13xONGS
To share via Facebook: http://mzl.la/13xOUSE

This is only a first step in making sure the web remains open and free – we'll be in touch with more updates as we fight to protect your right to privacy.

Sincerely,
The StopWatching.Us Coalition"

Sincerely tired of all the Guv crap
S0B
When the Joker is in the deck.. fear not and play it well
  • #37
  • Edited 9:58pm Jun 22, 2013 9:15pm | Edited 9:58pm
Quoting Acs_112
{quote} Hahahah This is to true.
for reversal, i use rsi 14 and 21 on same window.. see difference in value when price's bottoming or topping of about 13.. see fundamentals
  • #38
  • Jun 22, 2013 9:28pm Jun 22, 2013 9:28pm
Quoting Slim Buffett
A system with less Government interference will work best. The StopWatching.Us Coalition" Sincerely tired of all the Guv crap S0B
PS.... If you never happen to read anything about what may affect your
life, liberty and pursuit of happiness, you might try this

http://www.washingtonpost.com/opinio...459_story.html

And Obama is a Constitutional lawyer. Go figure.
Am I posting in the wrong thread? NO, because (as stated) the best one is one
without interference

www.stopwatching.us

cheers
When the Joker is in the deck.. fear not and play it well
  • #39
  • Jun 22, 2013 9:59pm Jun 22, 2013 9:59pm
Since I don't want to just bitch and moan all the time, I'll offer this:
IF there is any value you'll need to find it for yourself.............

Synchronicity 15-60
Attached Image(s) (click to enlarge)
Click to Enlarge Name: synch15.png Size: 44 KB
Click to Enlarge Name: synch60.png Size: 52 KB
When the Joker is in the deck.. fear not and play it well
  • #40
  • Jun 22, 2013 10:08pm Jun 22, 2013 10:08pm
things you might need........




Sorry if I missed anything important

Happy Trading
(for informational purposes only)
Attached Image (click to enlarge)
Click to Enlarge Name: synch240.png Size: 52 KB
Attached File(s)
File Type: tpl Synchronicity A.tpl   19 KB | 274 downloads
File Type: ex4 3rdGenMA.ex4   3 KB | 248 downloads
File Type: ex4 #FS30_Histogram.ex4   4 KB | 222 downloads
File Type: ex4 Auto Pivot2.ex4   16 KB | 228 downloads
When the Joker is in the deck.. fear not and play it well
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