System jumping - how to solve it? | Forex Factory

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System jumping - how to solve it?

  • #1
  • First Post: Jun 28, 2013 8:00am Jun 28, 2013 8:00am
Hey guys,

Im in this game since some 18 months now and I went over the usual steping stones everybody who wanted to learn trading went over.
The issues that is still plaguing me, is the inability to stick with a system. IMO, many systems can be traded profitably, but you have to invest the hours to get to know how to use it. Plus proper MM of course.
I cant reach this state, beacause I always try new things out, adjust, "improve", correct... many various systems.
Shouldnt I allready have found what suits me?

If I think about it, I dont even know exactly why I do those constant changes. Maybe I'm looking at things to shortsighted and run away, at the first signs of "bad performance".

Maybe someone who was in a simlar situation could help me out a bit.
Thoughts are things
  • #2
  • Jun 28, 2013 8:09am Jun 28, 2013 8:09am
I tried everything so now I know there is nothing.
Except one and only one.
The account is the system.
  • #3
  • Jun 28, 2013 8:18am Jun 28, 2013 8:18am
Read at least the opening posts in "Another Simple System - Time Frame 15" and "Sonic R" they have millions of views for good reason. Sonic R's PDF about the stages is very good indeed.
Getting there, slowly but surely...
  • #4
  • Jun 28, 2013 8:22am Jun 28, 2013 8:22am
trade every system you like and dont trade the ones you dont like. Then trade only the ones that fit well with your lifestyle and you can follow exactly per the rules. Warning, may require 100K+ capital to be able to trade FX.
All posts are my personal opinion
  • #5
  • Jun 28, 2013 9:24am Jun 28, 2013 9:24am
Quoting Quezoy
Hey guys, Im in this game since some 18 months now and I went over the usual steping stones everybody who wanted to learn trading went over. The issues that is still plaguing me, is the inability to stick with a system. IMO, many systems can be traded profitably, but you have to invest the hours to get to know how to use it. Plus proper MM of course. I cant reach this state, beacause I always try new things out, adjust, "improve", correct... many various systems. Shouldnt I allready have found what suits me? If I think about it, I dont even know...
You only do system hopping, if you don't know if the system at hand is profitable. Get yourself the program "forextester" and do some forward testing until you have convinced yourself that you can in fact trade the system profitably. Then each time you doubt the system, go back to that program and do some forward testing again. This will probably help you.

And only because a thread has a million views, doesn't make it any good. Not a lot of profitable traders are around here, so don't expect too much from the system threads. and of course you don't need 100K+ to trade FX.
  • #6
  • Jun 28, 2013 9:26am Jun 28, 2013 9:26am
  •  rayzeel
  • | Joined Nov 2008 | Status: Automated/DiscretionaryTrader/Coder | 37 Posts
Rtm wrote good words. System itself is in my opinion a 10% of success. There are many winning systems, I know about 7 showing consistent profit in tests over 12 years. It doesn't mean that they can produce profit in future but it showing that patterns exist and we can explore them. More important is to find out how the market works, what feeling moving it, where prices are likely to reverse. It may be hard to explain it in few words, but over time it should come to You, and you will know where to focus on. Im personally drawing sup res lines and trend lines (channels) and watching waves (HH,LL etc) on h4, d1 TF and its working. Ive got time to do other things as Im also programming, and Ive got time for family, gym, running and other hobbies. For me there is no point trading intraday moves (scalping) coz Ive tested it and found unprofitable for me. Search for things that work for you. Cheers
  • #7
  • Jun 30, 2013 6:13am Jun 30, 2013 6:13am
Hi Quezoy,

I was in that same situation several months ago. I was always looking for better because I was not convinced of the current system I was using. My conclusion was that no system was suited for me and also that I was not 100% sure about such systems success in the long run.

You should take the system you like and trust more, adapt it to your personality and make extended tests on it. Convince yourself that the resulting system is good, if it can make money in the long run, it's good. Once you are there, give it a try, improve it taking ideas here and there, etc... even once that you have a system that works, the one that you will call YOUR system, never stop testing it, improving it, there is always some risk to remove.

Good luck,
BT
Simplicity is the Ultimate Sophistication.
  • #8
  • Jun 30, 2013 6:50am Jun 30, 2013 6:50am
I think the only way to solve it is to system jump!

then after a while you return to the same woman, realizing she's the best you have,even if is she's not much.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #9
  • Jun 30, 2013 6:51am Jun 30, 2013 6:51am
Quoting Quezoy
.........inability to stick with a system. ......
The Best Solution: Create YOUR OWN.
No matter which System you use, your success or failure will depend on YOUR confidence in that system.
You must have TOTAL trust to be able to Hold and Fold live trades.
You will only gain this experience by putting you own money on the line even if it is 0.01 lots.
So, you are much better off adapting features of the systems you like and coming up with YOUR OWN system.
After doing the rounds, it appears to me, that the more successful traders begin to adapt price action, supply/demand, support/resistance, (call it what you like) in their trading.
Trading hours and MM are other important factors to consider in any trading plan.
  • #10
  • Jun 30, 2013 7:55am Jun 30, 2013 7:55am
Unless you have a mentor with a proven system that works, system jumping is the expected course for a new trader. I had to go through dozens of different strategies until I found something that worked for me. For example, I spent two years trading in a non-ideal timeframe, and then I spent another few years unlearning bad habits and false beliefs that I picked up from those first two years. The trading variables that you have to deal with when trading the FX market are seemingly innumerable, you'd have to be very lucky to figure it out on the first go around. Keep tinkering with it!!!
  • #11
  • Jun 30, 2013 8:17am Jun 30, 2013 8:17am
Keep jumping till your satisfied.. Do what you feel
Time hides Nothing
  • #12
  • Jun 30, 2013 9:05am Jun 30, 2013 9:05am
Dude I went through exactly that same stage! Im not yet profitable, BuT i have started creating/adapting my own system, and it is very satisfying for me, mentally and emotionally.

I trade harmonics, diagonal S/R, and fib circles on the 100 EURUSD tick chart from 6:00 am - 10 am CST, and I expect when i get consistently good about 4-5 profitable trades per session. The original system just used harmonics.

Now... I need to just trade it over, and over, and over again until i see how well it does. I am making my own rules to follow.

It is SO MUCH EASIER to follow your own rules then someone elses. Noone bothers to show actual profiable systems over long periods of time, so no wonder people system jump at first! You have no confidence that anything works!

I have also made unnecessary changes before and am trying to limit that.

So in conclusion: its normal! Decide when you want to trade, what time frame (in your ideal life style, if you were trading for a living). Then, i dont know, go for it!
good luck man!
  • #13
  • Jun 30, 2013 10:55am Jun 30, 2013 10:55am
Quoting Quezoy
Hey guys, Im in this game since some 18 months now and I went over the usual steping stones everybody who wanted to learn trading went over. The issues that is still plaguing me, is the inability to stick with a system. IMO, many systems can be traded profitably, but you have to invest the hours to get to know how to use it. Plus proper MM of course. I cant reach this state, beacause I always try new things out, adjust, "improve", correct... many various systems. Shouldnt I allready have found what suits me? If I think about it, I dont even know...
Bridge jumping

Seriously though, 18 months in forex is nothing, your journey has just began.

There is no definitive solution to jumping systems, because:

a) Most traders lack the very basics to recognize systems which are/could be made profitable. They choose systems based on hope, feeling, small sample sizes, faulty cognitively biased decision making and pattern recognition (i.e., they fall big time to their humanity). Some even try 'systems' which aren't fully testable...

b) Profitable traders are like scientists thoroughly conducting their experiments. They have a method to choose systems. They trust hard numbers only. They test and optimize systems all the time. Their work is never ending. The goal is clear: maintain/maximize profits while minimizing draw down (huge emphasis on the later).
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #14
  • Jul 1, 2013 2:01pm Jul 1, 2013 2:01pm
Thank you guys for the input.
You've confirmed my thoughts which went into direction of developing my own aproach.

I will remove myself for the next period of time from FF and start building a simple SR, PA method on the longer TF's.

All the best to you.
Thoughts are things
  • #15
  • Jul 1, 2013 7:54pm Jul 1, 2013 7:54pm
Quoting Quezoy
Hey guys, Im in this game since some 18 months now and I went over the usual steping stones everybody who wanted to learn trading went over. The issues that is still plaguing me, is the inability to stick with a system. IMO, many systems can be traded profitably, but you have to invest the hours to get to know how to use it. Plus proper MM of course. I cant reach this state, beacause I always try new things out, adjust, "improve", correct... many various systems. Shouldnt I allready have found what suits me? If I think about it, I dont even know...
the trading systems in the forum don't work. either learn to train your gut instinct or develop a new trading system that actually works.
  • #16
  • Last Post: Jul 3, 2013 1:13am Jul 3, 2013 1:13am
I think there is nothing wrong with system jumping for few years.

Good point - create your own system, but impossible to start forex with creating your system when you havent went over different systems, indicators, methods. They help you to learn, find out what works for you, what doesnt and thats where YOUR system/method comes from - experience and testing.

Goal of forex is to make money. There aint much fields you can make money without learning and obtaining skills, getting an education. It often takes years. FX is no different. It takes years to get to a point where itīll start to give you an income.

Itīs just important that you wont get stuck into jumping forever but few years are fine.
F_ck your analysis, I know exactly where the market will go. To the right.
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