Hi everyone,
I've been lurking in this forum for over 5 years and after finally registering an account, I've became addicted to finding way to give back to the community for all the invaluable advice that you guys have given to me over the years. I can clearly say that Forex Factory has the best and most resourceful bunch of people I've ever seen across all other forums
I'm an experienced trader and come from sunny island Singapore (no, it is not part of China), been trading for over 5 years and everyday I still find more and more ways to learn from the discussions here at Forex Factory. I love cats, have 5 of them in total
The Story
One sunny afternoon, after spending my entire morning pouring through the various trading systems and updating myself on the lates posts and discussions, I notice that while each thread has many people sharing their own trading signals, pictures and updates, it is extremely tedious and tough to monitor what my fellow strategy compatriots are doing in real time trading. While we're so connected over the thread, yet at the same time, we're so disconnected in our coordination with each other.
Then it hit me - if only I could know when we are all deciding to open a positions together, or when we're deciding to close a position. With our combined brain power, surely we can enter into much more profitable trading positions.
We need a system - one that connects us and bridges the gap, one that helps us make better decisions together as a unit, one that unites us to fight the big market players out there. And with this system, it's no longer me against the market, but us against the market.
The Solution
What I have started creating is an integrated voting system that is tailored to each strategy (eg. Trading Made Simple, Sonic R. The voting system would allow each person to vote in real time on when they are going to execute a trade, the TP & SL levels and the Support & Resistance levels they expect. It will then compute the average of all these votes. The system will through it's own blackbox of algorithms determine and separate the more successful voters from the less successful ones, assigning different weightages to each and allowing it to display more accurate predictions over time.
There will be an army ranking system (corporal, sergeant, officers, etc.) to determine how successful a trader is. The more successful we trade, the higher rank we achieve over time.
The Beginning
I will keep everyone updated on the progress of this project. It is completely free to use and is meant for the betterment of our community's trading success
I have called it Galaxy Trades particularly because I like the idea of connecting us traders all across the galaxy (earth) together in an effort to trade more profitably.
The Community
I am very interested and open to suggestions and heavily encourage them as this is OUR community's project, I'd like everyone to be as much of a part of it as me as there's one thing I've learnt here at Forex Factory, it is that we work and function much better as a team.
The Task
I need feedback on the style of voting that would be most effective for us. Currently the system is a live chart that shows everyone's intended take profit and stop loss positions and the support and resistance levels. However, while this is good for certain strategies that have predefined take profit and stop loss levels, I realized that it isn't good for strategies that require human decisions in real time on when to enter and exit a trade (like the Trading Made Simple system) based on real time data. Does anyone have any advice on how we can better coordinate this so we can better coordinate our entering and exiting of positions?
The Rules
No name calling, no quarreling. I would like this place to be a happy, stress free and productive thread where we're all united in our cause to get increasingly profitable trades. United we stand.
The Gratitude
Thanks and thanks and more thanks for being such an inclusive community, I've been around a couple of other forex forums and without doubt Forex Factory has the most friendly, resourceful and helpful community I look forward to an amazing and fruitful time together in making this project work for us!
Cheers,
Desmond
I've been lurking in this forum for over 5 years and after finally registering an account, I've became addicted to finding way to give back to the community for all the invaluable advice that you guys have given to me over the years. I can clearly say that Forex Factory has the best and most resourceful bunch of people I've ever seen across all other forums
I'm an experienced trader and come from sunny island Singapore (no, it is not part of China), been trading for over 5 years and everyday I still find more and more ways to learn from the discussions here at Forex Factory. I love cats, have 5 of them in total
The Story
One sunny afternoon, after spending my entire morning pouring through the various trading systems and updating myself on the lates posts and discussions, I notice that while each thread has many people sharing their own trading signals, pictures and updates, it is extremely tedious and tough to monitor what my fellow strategy compatriots are doing in real time trading. While we're so connected over the thread, yet at the same time, we're so disconnected in our coordination with each other.
Then it hit me - if only I could know when we are all deciding to open a positions together, or when we're deciding to close a position. With our combined brain power, surely we can enter into much more profitable trading positions.
We need a system - one that connects us and bridges the gap, one that helps us make better decisions together as a unit, one that unites us to fight the big market players out there. And with this system, it's no longer me against the market, but us against the market.
The Solution
What I have started creating is an integrated voting system that is tailored to each strategy (eg. Trading Made Simple, Sonic R. The voting system would allow each person to vote in real time on when they are going to execute a trade, the TP & SL levels and the Support & Resistance levels they expect. It will then compute the average of all these votes. The system will through it's own blackbox of algorithms determine and separate the more successful voters from the less successful ones, assigning different weightages to each and allowing it to display more accurate predictions over time.
There will be an army ranking system (corporal, sergeant, officers, etc.) to determine how successful a trader is. The more successful we trade, the higher rank we achieve over time.
The Beginning
I will keep everyone updated on the progress of this project. It is completely free to use and is meant for the betterment of our community's trading success
I have called it Galaxy Trades particularly because I like the idea of connecting us traders all across the galaxy (earth) together in an effort to trade more profitably.
The Community
I am very interested and open to suggestions and heavily encourage them as this is OUR community's project, I'd like everyone to be as much of a part of it as me as there's one thing I've learnt here at Forex Factory, it is that we work and function much better as a team.
The Task
I need feedback on the style of voting that would be most effective for us. Currently the system is a live chart that shows everyone's intended take profit and stop loss positions and the support and resistance levels. However, while this is good for certain strategies that have predefined take profit and stop loss levels, I realized that it isn't good for strategies that require human decisions in real time on when to enter and exit a trade (like the Trading Made Simple system) based on real time data. Does anyone have any advice on how we can better coordinate this so we can better coordinate our entering and exiting of positions?
The Rules
No name calling, no quarreling. I would like this place to be a happy, stress free and productive thread where we're all united in our cause to get increasingly profitable trades. United we stand.
The Gratitude
Thanks and thanks and more thanks for being such an inclusive community, I've been around a couple of other forex forums and without doubt Forex Factory has the most friendly, resourceful and helpful community
I look forward to an amazing and fruitful time together in making this project work for us!Cheers,
Desmond
