I am a loser in Forex trading, are you? | Forex Factory

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I am a loser in Forex trading, are you?

  • #1
  • First Post: Edited Oct 26, 2014 11:30pm Oct 22, 2014 11:12pm | Edited Oct 26, 2014 11:30pm
Hello friends
I am in Forex trading for more than 7 years
But yet to find the holly Grail!
Most of my trade decisions are wrong and ends with loss.

Now I am trying to build a software to combine some other traders who are losing in Forex like me.
If we can trade together we surely can reduce risk of wrong decision.
Say for example two traders A and B both have success rate of making right trade decision is around 40%.
So when they trade individually each of their trade decision has 60% probability to be wrong.
Now if they trade together and execute their decisions only if both of them agreed then the probability of making wrong decision will reduced to 0.6x0.6 = 0.36
So probability of making right decision increase up to 64%.
In this way we can reduce risk and increase profit probability by including as many traders as possible in our group.

If you are facing the same issue, please join with me to test the idea in demo account.
Here attached the software, test it in your end and let me know how it can be improve to make it more useful

Thanks
Note: New copy of the application upload after fixing some technical issue.
Attached File(s)
File Type: zip GTrading.zip   566 KB | 297 downloads | Uploaded Oct 26, 2014 11:30pm
  • #2
  • Oct 23, 2014 1:01am Oct 23, 2014 1:01am
In this way we can reduce risk and increase profit probability by including as many traders as possible in our group...


Isnt this in the end will be equal match to any sentiment index, like traders short vs. traders long...available here on forexfactory or any of the social trading.
But going with the majority doesn't guarantee reduced risk, not increased profits...if you think that in the end the majority is ending in the loser side, and there are fewer who make money.
there is always, always another trade!!
  • #3
  • Oct 23, 2014 1:13am Oct 23, 2014 1:13am
Yes it's true majority can't guarantee profitability as majority are losing in Forex
But 'two heads are better than one'
Also it helps trader's to overcome from emotional trading
Many trader's in different part can't be emotional at the same time - right?

Finally it's an experimental effort. we can test it in demo trading.
It can be helpful for those poor traders like me who can't be great trader individually!
  • #4
  • Oct 23, 2014 1:35am Oct 23, 2014 1:35am
Quoting nhasan
Hello friends I am in Forex trading for more than 7 years But yet to find the holly Grail! Most of my trade decisions are wrong and ends with loss.
hi mate..

if u interest to check good winning method , then visit this thread .. hope they are doing well.. u also can participate their BT work..
http://www.forexfactory.com/showthre...03148&page=187


bye
  • #5
  • Oct 23, 2014 1:41am Oct 23, 2014 1:41am
Yes, I am looking for so long time and there are tons of 'good winning method' in Forex world
But still more than 95% of Forex traders are loosing - isn't it?
  • #6
  • Oct 23, 2014 1:58am Oct 23, 2014 1:58am
have been part time trading for almost 3 years. still am a loser. =(
  • #7
  • Oct 23, 2014 2:13am Oct 23, 2014 2:13am
I can see 13 downloads of the attached application
But no new accounts in the system!
Is there any problem in running the application?
There is a 'How does it work' under help menu, please read it for better understanding.
  • #8
  • Oct 23, 2014 3:16am Oct 23, 2014 3:16am
Quoting Kaiszheng
have been part time trading for almost 3 years. still am a loser. =(
Yes, there are many like you and me
And this application is for us

What do you think about the idea described above and what abut the application attached?
  • #9
  • Oct 23, 2014 3:41am Oct 23, 2014 3:41am
Quoting nhasan
Hello friends I am in Forex trading for more than 7 years But yet to find the holly Grail! Most of my trade decisions are wrong and ends with loss. Now I am trying to build a software to combine some other traders who are losing in Forex like me. If we can trade together we surely can reduce risk of wrong decision. Say for example two traders A and B both have success rate of making right trade decision is around 40%. So when they trade individually each of their trade decision has 60% probability to be wrong. Now if they trade together and execute...
I can understand your condition after 7 years of experience. Its pretty bad but this is one honest statement you have made.This will definitely help you in achieving success in future.
I don't want to offend you and you may dismiss this as rubbish.
Famous Quote " leaders don't do different things , they do the same things differently".
No matter how many losers team up and put their ideas together , the chances of success is still very slim. The best way to increase your chances of success is to include few profitable traders in your team. learn from their ideas.
I suggest that you go through a few system available on this site.
Striving to Develop & Implement Innovative Ideas
  • #10
  • Oct 23, 2014 3:52am Oct 23, 2014 3:52am
So, you think it's only GURU's world!
2-3% extra ordinary people can make profit and all other lose?
Combined effort of many traders can't improve probability of win in a trade?

When a number of traders analyze market separately and make their trade decision - if they can't be right then the question is 'can they all become wrong at the same time?'
  • #11
  • Oct 23, 2014 4:37am Oct 23, 2014 4:37am
If you have more losing trades than winning , I have a simple solution to you!

Reverse your trades now you will pass have more winnig trades than losing =D

N
  • #12
  • Oct 23, 2014 6:02am Oct 23, 2014 6:02am
Quoting nhasan
Hello friends I am in Forex trading for more than 7 years But yet to find the holly Grail! Most of my trade decisions are wrong and ends with loss. Now I am trying to build a software to combine some other traders who are losing in Forex like me. If we can trade together we surely can reduce risk of wrong decision. Say for example two traders A and B both have success rate of making right trade decision is around 40%. So when they trade individually each of their trade decision has 60% probability to be wrong. Now if they trade together and execute...
trading forex more than 7 years & didn't know how to trade successfully. ??????????/ .
  • #13
  • Oct 23, 2014 7:08am Oct 23, 2014 7:08am
Quoting msqtrader
{quote} trading forex more than 7 years & didn't know how to trade successfully. ??????????/ .
there are hordes of people in this category but very few have the courage to admit it. This guy is honest and admits his failure in this market.
My opinion : If he continues trying with dedication and determination he will succeed.
All the best to him and others like him.
Striving to Develop & Implement Innovative Ideas
  • #14
  • Oct 23, 2014 10:34am Oct 23, 2014 10:34am
Maybe has virus?
  • #15
  • Oct 23, 2014 1:55pm Oct 23, 2014 1:55pm
Quoting pbylina
Maybe has virus?
u r 100% right pbylina..............
  • #16
  • Oct 23, 2014 6:45pm Oct 23, 2014 6:45pm
Quoting pbylina
Maybe has virus?
Do you have warning notice from your Anti Virus?
I also seen that while testing in other PC
But there is no virus in the application,
I build it for my own using Visual Studio Ultimate 2013
The message is for absence of reputed publisher and security certificate
You can overlook the warning message, it's running in my system without any issue
  • #17
  • Oct 23, 2014 7:20pm Oct 23, 2014 7:20pm
Quoting msqtrader
{quote} trading forex more than 7 years & didn't know how to trade successfully. ??????????/ .
So, you have found your Holly Grail within a year?
That's Great!

If so, this post is not for you.
I am looking for those who are in 95% loser's category like me, to try again with a new idea.
  • #18
  • Oct 23, 2014 7:34pm Oct 23, 2014 7:34pm
Quoting nhasan
{quote} Do you have warning notice from your Anti Virus? I also seen that while testing in other PC But there is no virus in the application, I build it for my own using Visual Studio Ultimate 2013 The message is for absence of reputed publisher and security certificate You can overlook the warning message, it's running in my system without any issue
No I was kidding. Kidding aside. What does the program do?
  • #19
  • Oct 23, 2014 10:06pm Oct 23, 2014 10:06pm
Quoting pbylina
{quote} No I was kidding. Kidding aside. What does the program do?
The program helps traders to share their trade decision with others

This program doesn't trade itself

We assume that the traders already have their own trading platform and strategy

When they prepare to open a new trade, can put their decision in this program to get others response about the plan
When many trader remain online, it can get 2-3 response within a minute and trader can re-think about this decision based on those responses
In this way he can avoid emotional trading, can be aware about something he missed in this analysis and thus can reduce risk of taking wrong decision.
  • #20
  • Oct 23, 2014 10:24pm Oct 23, 2014 10:24pm
Quoting New-Pragati
{quote} there are hordes of people in this category but very few have the courage to admit it. This guy is honest and admits his failure in this market. My opinion : If he continues trying with dedication and determination he will succeed. All the best to him and others like him.
From the time I saw this thread, I couldn't stop myself from thinking about the people who come here, in this field with dreams/ambitions all to be shattered to pieces in future. Unsuccessful traders generally get scammed/cheated in search for profits/holy trail systems. Finally most quit this market.
There are many 'Good Samaritan' traders in this forum who genuinely help people out.
I also would like to join the list of 'Good Samaritan' traders in my own way.
This thread has inspired me to create a new thread for the above mentioned purpose which I will do so at my leisure.
Striving to Develop & Implement Innovative Ideas
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