Could this be an easy way to win in forex?

Ishtana, Your thinking is good meaning,,,You think outside the box (like I do) <<<<< should I get a losing trade. but I think honestly your idea is flawed if you try reversing established trading methods.

SURPRISE!

Even before starting this thread I already knew the ANSWER + EVIDENCE for the answer.

I was merely experimenting with people's responses with this idea. As expected, majority of you use expertise, experience, logic and mathematics to prove how bad this idea is, on paper. I merely open my mind, think like a child, and let my curiosity lead me to the evidence.

This experiment started years ago when I was still hooked by the idea of a holy grail. Who knew I ended up with an Anti-Holy Grail instead?

I, literally, put every single system/indi/EA I found into my expert folder, indicator folder, and template folder. I constantly archiving system and clearing out indis/EAs/and templates because there is a limit as to how much you can put in your terminal. Too much time on hand you say? No. I only spent about 30 mins doing this everyday, when I had a spare time. Very long story short, after looking at hundreds of systems, I was frustrated when I found this indicator(s). It was so unbelievably bad it etched itself to my memory. Hands down the worst indi(s) I ever saw in my life. Why is it every time it gives a signal, it's always crap? ~30% winning rate if you trade it according to the manual. Why is it that this indi(s) is SO BAD, or later, so DAMN GOOD!

I don't know. It's an ex4 indi(s). I'm not a programmer. I don't understand nothing about it. It was only at the beginning of this year that I recalled this system. When I had a light bulb moment about this idea about switching bad system + VERY IMPORTANTLY, experimenting with MM setting. So I hired a freelancer to work with this indi, and voila! Absolutely ZERO gross profit. Look at the first pic, that's the result of the EA on the original indi(s) + my own MM setting. C'mon you've gotta be kidding me right, not a cent of profit?

My curiosity got the better of me. How can a system produce absolute zero gross profit? That's quite an achievement. That was when I started to zeroing in on this system. I got to know exactly how this system behaves. I got to know why it is so bad. But never mathematically, I never get to see the code, and even if I did, I wouldn't have a clue what it actually does. I asked why it's drawdown is so bad, this is btw, another important factor I haven't thoroughly explored on this thread. I studied the chart, and the chart alone. What was the price action doing when the system fired a signal, etc?

Then, and only then, I started toying with the MM setting. With trial and error + logic, I managed to find a basic setting that turns this ~30% winning system into "almost" 100% winning system. "Almost" because you'll never know the future, it might break down tomorrow, it might not. So I don't know. All I know is that this system never hits my SL setting, works on every majors and crosses, but not exotic where the spreads eat this system alive. Picture one is the system run on a major. Picture two is the system run on a cross.

So you see now why it is NOT merely switching a bad system. There are so much more to it.

Ok, now I have to address the common objections by skeptics:

1. This only works on demo, you'll get slammed when you run it live. Nuh, I run it on live demo and it works just like the demo. The system is so apparent. No trick. The system fires a signal, and you make the opposite order and with new MM setting, then you'll hit your TP with profit.
2. MT4 Backtesting is shit, it never reflects the actual trade had it was run live in the past. And the backtester is so complex, you would never understand it. I agree, that's why I put it on live demo. I don't have VPS and it is hard to run an EA when there are 4 users in this one computer, each demanding full capacity of an old ADSL1 connection which drops out about 10 times a day.
3. Even if it works, your broker will slam it when you run it live. Why? the pip profit is small, and if you put it on an ECN broker, chances are they welcome you as you bring constant commission.
4. It's easy to make a graph like that on a strategy tester. Have you heard about the joke EA that uses historical data ahead and wins every trade and purposely lose some trades to trick you it's a real EA? Heck, I could do it myself. Here's my own version {image}. Well, well done then, you've found something similar or same to mine. You have the court verdict of a successful trader: Go buy everything you want, live a good life if you can take care the non-monetary issues in your life, etc. Why are you still here if you already found a Holy Grail/Anti Holy Grail I wonder?
5. Feel free to add more. The evidence speaks for itself. I find no need to defend myself.

I have to be honest with you, this is an underoptimized EA and underoptimized idea. I can still explore this idea further, but I couldn't. My time, programming awareness, and brain capacity is limited. This is why I put this thread on, hoping someone can give us a better idea. I even thought once how we can make one of the most exciting experiments in forex by sharing this EA. Just what exactly would happen when all of the sudden every trader becomes profitable... Just a thought.

Now, you might think I have a money printing machine. And I should be really happy about it. You've found something so elusive, so legendary. Uh... no. It is such an irony, that you're searching for something like this almost all your life. Yet, when you've finally found it... You want to get rid of it. Absolutely no one else knows about this system, not even the programmer who made the EA, but I would say quite a few of you might already have this original system. I got it for free. Please don't PM me about any of these, I don't have the system anymore. As I'm writing this post, I've already SHIFT+DEL all the ex4 and EA associated with this system.

Nuts you say? No, I just don't want it. Had you been given a red button to launch a nuclear attack to the world, not all of you will take it. Those who do are the real nut crackers.

"So is this your glorious, fireworks ending of the thread?" Maybe yes, maybe no. But one thing for sure, I will not use this system now that I don't have it anymore. "This is a mockery. A joke. An empty discussion!" I wouldn't call it so.

Hi Ishtana. I trade the forex in a very similar way. I also see this way of thinking as outside the box. My trading started from the same point. Today I have some interesting experience, yet I didn't see the topics mentioned by other forum users before. I'm holding my fingers for Your trading and this topic to grow. Later on I will share with pleasure some of my experience. Lets start with my proposal of such a losing "strategy" (or better say A WAY OF TRADING) that could/should be inverted;
EURUSD, 1 day chart:
Open a trade on Open of a new candle (I use a broker showing London time), Long if previous candle is up (open lower than close), Short if previous candle is down.
Very important 1: if trading long, put SL on the Minimum of previous candle, if trading short put SL on the Maximum of previous candle.
Very important 2: Trade must be closed before opening of a new candle (even few minutes before).

Regards

scratches head in wonderment

*shifts slightly in chair and stares out the window for a brief moment

lol, it was like this on shutter island

yes, I remember I once had a holy grail of a system it could of made billions but I deleted the system and then had a lobotomy to make sure I could not remember, erm erm what was I talking about

Nuh, I know exactly how the system works. I don't have the mq4, I don't know how they process it, but I can easily hire a programmer, point a few things at the chart, and to make me a new mq4 and set it with my custom MM setting. I just don't feel a need to exploit every advantage I have. Especially if by doing so, someone else suffers. I'm a living testimony of karma/universal justice.

"scratches head in wonderment"
*shifts slightly in chair and stares out the window for a brief moment"
"and ponders the backtracking faster than the equity curve on an opposite strategy"

Why would you label this system as Holy Grail anyway? I've mentioned that this system is an almost 100%. I could be using this with real money, made $50 before blowing my account, repeatedly. It might just stop working tomorrow. Mind you, my SL setting is quite generous. And I would be lying to you if I say this system doesn't have a drawdown. Nevertheless, it would be foolish to think this system can make a billion. It just might. But no one knows.

And I refuse to think that this system is the only system that works in this fashion. Why would it? There may be other crappy indicators that you can flip using a good MM setting. That's why I told you to dig out your recycle bin. Can you recall a terribly terrible indi?

The playground of technical analysis is only limited to the 4 corners of the monitor. In this particular case, don't take into consideration anything else but the price chart. But again, maybe by doing the opposite what I've done you can come up with an entirely new strategy. Who knows?

man...

All of the systems will work some of the time because the market in a way is never the same.

bud, I am joking, You mention a method with 100% hit rate then you say something about 30% and it is a metaphor for the holy grail or el dorado or gold at the end of the rainbow. People came into this thread some with good views and some with honest it cannot work views. what are you trying to accomplish. Why say you have a good method and then say you wont use it.
a trading method can have a 50/50 hit rate and they can be good, it depends how you treat the losing trades or obviously how much the winning trades make. So I leave you to it as I am not sure what you are trying to do

geez I dont know what's going on anymore,exactly the same feeling I got after watching shutter island.so why did u create this thread only to claimed that u have found the anti-holy grail and have deleted it?and what does it have to do with pressing a red button to launch a nuclear attack its not like u will impoverish someone

I think it's pretty obvious. Just another charlatan trying to draw in newbies. I'm sure his inbox is full and he's already charging people. It's a shame so many knowledgeable traders wasted their time trying to have a discussion with this guy.

I'm sure this thread will end up in the commercial section at some point.

Consistent money doesn't come to lazy brainless people in this business. Don't let anybody tell you otherwise, they'll just waste your time.

Woaaaaaaaaah talk about making your life difficult, CRAPPY INDICATOR that's all then L O L.
I digress a little from the core topic and share some of my experience.
In my younger days i worked in pubs and clubs and listened in on many conversations about recommendations of which shares to buy that were going up up and away. I noticed that these people were often wrong, so i thought is it possible to make money out of this information ?
Needless to say YES, and their began my love affair with SHORTING.
I no longer work the bars, but they were some of the best days of my life and for me some of the best education about life any one can get

In conclusion, this thread's purpose was simply to state: everyone's a retard, except for the 1 and only intelligent guy.

And now a bedtime story:

Have I told you guys about that time I found the Holy Grail, but tossed it away, cause I don't want to take money from you guys? I'm such a nice guy...

You should trade more and write less.