Could you share with me the worst trading strategy you know? | Forex Factory

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Could you share with me the worst trading strategy you know?

  • #1
  • First Post: Sep 4, 2013 5:32am Sep 4, 2013 5:32am
I believe that a worst strategy could be turned into profitable one by a very simple trịck.
I will prove it with you.
Please: Do not share the martingale strategy or hedging strategy. I need a strategy with Stop Loss and Take Profit. Thank you so much.
  • #2
  • Sep 4, 2013 5:56am Sep 4, 2013 5:56am
If people knew the worst trading strategy , they would all be billionaires...
welcome to the world of forex.....
  • #3
  • Sep 4, 2013 6:26am Sep 4, 2013 6:26am
Reversing system with no edge wont give u an edge.
  • #4
  • Sep 4, 2013 6:28am Sep 4, 2013 6:28am
Never close on RED

Close as soon as you see GREEN.
  • #5
  • Sep 4, 2013 6:53am Sep 4, 2013 6:53am
I never lose!

And I will share with you my worst strategy. I trade breakouts.
I only trade eurusd, for obvious reasons.

The price was in my favor in the begining and almost reach my tp. Suddenly something happened in the market ?!? ... and the price make a reverse, and a trend change.
No, No, No, i dont wanna lose that position, i know i´m right, i have almost 99% sure!!!

No, Mr. market!! You will not catch me this time because i´m more smart than you hahahahahahaha
I will change my SL and injecting money every month in my account, thus Mr. Margin call will not catch me too hahahahaha

One day i will be rich, one day!!
gee, i´m smart !!

PS: Hey vothienphu93 can you show me the trick ?!

Attached Image (click to enlarge)
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  • #6
  • Sep 4, 2013 6:53am Sep 4, 2013 6:53am
Trying to be a profitable trader by following 99% of the threads on FF.
  • #7
  • Sep 4, 2013 6:55am Sep 4, 2013 6:55am
Spoilers: 99% of forex trading strategies will give you binary returns. Periods of success followed by inevitable drawdowns that will exceed periods of profitability over time.

A good system today may be a terrible one tomorrow or vice/versa.

I'm not saying you cant be a profitable trader but it is not done by buying/selling when price touches a line on a chart - so defining a strategy on paper will not work for anyone other than he who wrote it.
  • #8
  • Sep 4, 2013 7:05am Sep 4, 2013 7:05am
The worst trading strategy is to keep changing your strategy only because you loose 1 trade .. i guess we all know what I am talking about ...

If your strategy has winning ration 50% .. stick with it
Some pursue happiness, others create it.
  • #9
  • Sep 4, 2013 7:07am Sep 4, 2013 7:07am
Quoting vothienphu93
I need a strategy with Stop Loss and Take Profit. Thank you so much.
Heads = Long
Tails = Short

20 pip T/P
20 pip S/L

Oh wait it might have been the other way around.. Need to back test for a while and get back to you
Time hides Nothing
  • #10
  • Sep 4, 2013 7:35am Sep 4, 2013 7:35am
Quoting uberteh
Reversing system with no edge wont give u an edge.

why not ?
If i have no edge and loosing money ....and there is another guy taking reverse trade or opposite of me , he is making money.
  • #11
  • Sep 4, 2013 7:46am Sep 4, 2013 7:46am
Quoting ronaleo10
{quote} why not ? If i have no edge and loosing money ....and there is another guy taking reverse trade or opposite of me , he is making money.
Thank you for your constructional comment. It's the primary purpose of this thread.
  • #12
  • Sep 4, 2013 7:51am Sep 4, 2013 7:51am
Quoting gomes
I never lose! And I will share with you my worst strategy. I trade breakouts. I only trade eurusd, for obvious reasons. The price was in my favor in the begining and almost reach my tp. Suddenly something happened in the market ?!? ... and the price make a reverse, and a trend change. No, No, No, i dont wanna lose that position, i know i´m right, i have almost 99% sure!!! No, Mr. market!! You will not catch me this time because i´m more smart than you hahahahahahaha I will change my SL and injecting money every month in my account, thus Mr. Margin...
Thank you for your illustration.
In your case, we couldn't call it a strategy because you changed your SL when the market goes again you. If it is a strategy, we couldn't change the predeterminded stop loss like this. We just set and forget it.

Thank you again
  • #13
  • Sep 4, 2013 7:53am Sep 4, 2013 7:53am
Quoting CindyXXXX
{quote} Heads = Long Tails = Short 20 pip T/P 20 pip S/L Oh wait it might have been the other way around.. Need to back test for a while and get back to you
I don't understand your strategy, could you explain more details?
  • #14
  • Sep 4, 2013 7:54am Sep 4, 2013 7:54am
Quoting Slackjawed
Never close on RED Close as soon as you see GREEN.
What do you mean, sir?
  • #15
  • Sep 4, 2013 7:55am Sep 4, 2013 7:55am
Follow the big names on FF.
  • #16
  • Sep 4, 2013 8:07am Sep 4, 2013 8:07am
Quoting QuadrupleX
Follow the big names on FF.
Thank you for your advices.

I have already had a profitable strategy but the signals are very rare. If you are a longterm trader, you will understand why.
I just want to devote myself into the world of forex trading and try to help the others who are trying the best to trade for a living.
  • #17
  • Sep 4, 2013 8:13am Sep 4, 2013 8:13am
Because you just reversing your random bets with other random bets, thats not an edge.

U should try Cindy system and help others with it ,rly simple. Pick a coin..throw it to determine if u should go short or long, set 20pips SL/TP..now if u losing just reverse the coin side meaning of going long or short
  • #18
  • Sep 4, 2013 8:18am Sep 4, 2013 8:18am
Quoting CindyXXXX
{quote} Heads = Long Tails = Short 20 pip T/P 20 pip S/L Oh wait it might have been the other way around.. Need to back test for a while and get back to you

No greed. No fear. Just maths.
  • #19
  • Sep 4, 2013 8:18am Sep 4, 2013 8:18am
Quoting vothienphu93
{quote} I don't understand your strategy, could you explain more details?

Double
No greed. No fear. Just maths.
  • #20
  • Sep 4, 2013 9:29am Sep 4, 2013 9:29am
Reversing a losing system doesn't give you an edge. Most people don't lose money because they have a "negative edge" a more than random chance of losing money above the spread, but because they are following a negatively biased random walk (negative because of the spread).

A trader who loses money wouldn't make money by reversing his trades, because in the long run he is simply losing because of the spread. I found this blog article which might help you understand: http://mechanicalforex.com/2011/03/d...table-one.html.

Most systems you see with straight down slopping equity curves are only so because they lose within the spread. If you reverse them you would still lose within the spread.

Imagine that you made a system where random trades were entered and they were immediately exited. You would always lose the spread. Reverse the direction (enter longs where you entered short and vice versa) you would still lose the spread. When you have random entries with SL/TP values the effect is the same, only that you follow a negatively biased random walk instead.

Oh man, if it was just that easy
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