I want to know a good forex system | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

what you really want to know in forex market at this point? 17 replies

Know Yourself, Know Your Setup, by Boris Schlossberg 9 replies

Good system but i don't know where to place stop loss 4 replies

Want to know experience with Forex.com-GAIN Capital Broker 1 reply

Anyone know a good forex trade Strategy used on Metatrade? 13 replies

Attachments: I want to know a good forex system
Exit Attachments

I want to know a good forex system

  • #1
  • First Post: Aug 5, 2013 5:34am Aug 5, 2013 5:34am
i want to know if there are any good forex system out there which are good?
Come tomorrow, I'll wake up new
  • #2
  • Edited 9:24am Aug 5, 2013 8:58am | Edited 9:24am
Quoting gsbharaj
i want to know if there are any good forex system out there which are good?
You can take a look at geomink's trading system at,
I'm learning to fly
It is highly profitable and proven with live account TradeExplorer. Not those high-risk potential blow-up kind, his risk per trade is actually very low.
Attached Image (click to enlarge)
Click to Enlarge Name: geomink.png Size: 79 KB


Another good system you can consider is Goldenmember's,
Goldenmember's trade journal with myfxbook
Also highly profitable and proven with live account Myfxbook, http://www.myfxbook.com/members/gold...uprates/569536. No losing month since Oct 2011 (or 22 consecutive profitable months).
Attached Image (click to enlarge)
Click to Enlarge Name: goldenmember.png Size: 44 KB
No longer trading forex. Looking for full time job.
  • #3
  • Aug 6, 2013 2:09am Aug 6, 2013 2:09am
I am also looking for a good forex system.Trying out different systems at the moment but none seems to be good and fitting my criteria.WIll be nice if some experience trader can recommend something.
  • #4
  • Aug 6, 2013 5:19am Aug 6, 2013 5:19am
Well the best thing is to develop your own system rather than looking for different systems.
Don't waste your time mate.
  • #5
  • Aug 6, 2013 10:51am Aug 6, 2013 10:51am
Quoting WilliamDa
Well the best thing is to develop your own system rather than looking for different systems. Don't waste your time mate.
I agree with you because any individual will know by himself that what kind of time frame he can afford to trade on and then he can make or choose any strategy that suits that time frame.
  • #6
  • Aug 6, 2013 11:47am Aug 6, 2013 11:47am
Don't look for a system, look to learn about the market and how it works instead.
  • #7
  • Aug 6, 2013 12:31pm Aug 6, 2013 12:31pm
Quoting mmaker
No harm learning from other people (or system), as a starting point, or as a research and development phase, picking up ideas and discovering what-you-don't-even-know-you-don't-know. I think some of the cliche advice are being repeated too often in forums that it no longer has practical meaning. If people join a forum such as FF, and ask such a question in the appropriate section Rookie Talk, then they deserve some help. Talking down on a newbie by brushing off the question actually perpetuate the cliches .....
I assume you're talking about my quote. But it's not cliche advice - vague, granted, I'm not going to tell them exactly what to do to be profitable. It took me years to get there myself. But a study of market mechanics is very much important.
  • #8
  • Aug 6, 2013 7:37pm Aug 6, 2013 7:37pm
For a successful system you'll have to stay on top of the news/sentiment in the market you're trading, know how other traders are positioned in anticipation of an event, know your market microstructure (in this case spot Forex).

Case in point, I read that a 25bps rate cut by the RBA had been 91% priced in on friday, then 106% last night (traders bet on more than 25bps cut). So when the RBA announce the 25bps cut, it was bad for the currency yet Aud/Usd poped up 85pips. Traders were positioned for a bigger cut, then their exiting (buying) made price go up.

Hope you aren't looking for a mechanical trading system or EA as the market is never the same today as it was yesterday.
  • #9
  • Aug 6, 2013 7:47pm Aug 6, 2013 7:47pm
Quoting mmaker
{quote} You can take a look at geomink's trading system at, I'm learning to fly It is highly profitable and proven with live account TradeExplorer.
Idk abt highly profitable and proven. It's less than a month old. I don't see his TE though.
  • #10
  • Aug 6, 2013 11:36pm Aug 6, 2013 11:36pm
Quoting Kanzler
Don't look for a system, look to learn about the market and how it works instead.
this. seriously
Twitter: @forexpokerpro
  • #11
  • Aug 7, 2013 1:05pm Aug 7, 2013 1:05pm
Quoting Kanzler
Don't look for a system, look to learn about the market and how it works instead.
Second this, you could actually learn more about the market, price action, by developing your own system..just remember what works for others need not necessarily work for you and there's no such thing as a perfect system..
  • #12
  • Edited 8:38am Aug 8, 2013 4:01am | Edited 8:38am
Quoting mmaker
{quote} You can take a look at geomink's trading system at, I'm learning to fly It is highly profitable and proven with live account TradeExplorer. Not those high-risk potential blow-up kind, his risk per trade is actually very low. {image} Another good system you can consider is Goldenmember's, Goldenmember's trade journal with myfxbook Also highly profitable and proven with live account Myfxbook, http://www.myfxbook.com/members/gold...uprates/569536....
Keroro0o0o's style is based on Supply/Demand and his detailed daily Trading Journal explained every entry and setup,
Start of my journey towards profitable trading with PA
The live account TradeExplorer is new but from his individual trades and justification, you can understand his method and approach. These are not lucky winners.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: keroro.png Size: 61 KB
Click to Enlarge Name: Screenshot2.png Size: 56 KB
Click to Enlarge Name: Screenshot1.png Size: 54 KB
No longer trading forex. Looking for full time job.
  • #13
  • Last Post: Aug 10, 2013 5:32am Aug 10, 2013 5:32am
I am really new to these systems and it is nice that there could be some systems that newbies can try to understand or follow. But also agree to some posters saying better to create own system or strategy especially true for those who are experienced.
0 traders viewing now