Do trading Systems really work?!

I think it is entirely possible trading systems/s exist that are long term profitable.

The over simplified notion that the existence of such a system or systems would hand the world/universe to those profiting from the system is both with and without merit (as strange as that may seem).

On the one hand, wealth distribution throughout the world is growing more and more inequitable (seemingly with every passing decade), making sole ownership mathematically possible (eventually).

On the other hand, owning a long term profitable forex system (a method of making enough money over the long term to keep trading without blowing or having to keep topping up ones account), is no different to the financial benefits of owning a long term profitable business.

Are all long term successful business owners destined to own the universe.....?

I think not.

Let's keep simple notions to the simple minded and out of logical discussion

Definition of System:

1.- a set of things working together as parts of a mechanism or an interconnecting network; a complex whole.
2.- a set of principles or procedures according to which something is done; an organized scheme or method.

1.- The market is a 'machine' - it is a system - all interconnected working as a complex whole. The whole is the market (an ecosystem if you will).

How many 'trading systems' account for the 'whole market'?

2.- The market works on a set of principles and procedures, complex yet organized - as a whole.

How many 'systems' account for such procedures and principles?

A 'trading systems' consistency and profitability will be directly correlated to how efficiently it can interpret the principles/procedures in order to detect and capture a move within the whole market. Compounding will do the rest.

/joint finished.

This branch is very interesting. When I started studying all trading trading system (strategy). They are very, very much. For myself, I chose one course. I liked the parallel strategy. Quite a fast and easy way to make money. Identify parallel channels can be picked up at the two peaks and two minima. If we find this type of channel, we can safely use the strategy: waiting for the price reaches the upper or lower trend line on the chart, and then define the setup.

Doubt, if they were dedicated to technical crap like Fibonaccies, Elliot Waves, cuz its all simply can't work. Try to watch some fundamental trading webinars, where news trading is discussed.

Trading systems do work!
But far not all of them:nerd:

I have an EA which gives me profit on regular basis but turns into a nightmare when faces sudden and swift trends.

The site you're recommending above was created only this month, Bryan.

It's registered to someone called Bryan Tan.

Is that you, by any chance?

Yes it is. I myself am using it to track multiple strategies at once. I thought other traders like me would have the same difficulties like I do and decided to share it. It is totally non-profit because it is created mainly for me.

If I give you the impression that I am trying to market anything that I'm so sorry. I was merely trying to share something I thought would be useful. I have nothing to gain as this site makes no money.

Cheers

I'm sure you can see, if you think about it, that when you "recommend" a brand-new website without mentioning that you own it, and give a link to its home-page and that turns out to contain no content other than an opt-in page which you're using to build an email list, that's bound to come across as "marketing".

No.



PS: Yes for those who sell them.

Respectfully, that's because you haven't looked in the best places.

I agree that one could spend a lifetime looking at forums and on websites without ever seeing one (though it's difficult to be certain if you don't methodically test them yourself), but if you look at a standard, accredited, acknowledged, respected, beginners' textbook (such as Van K. Tharp's Trade Your Way to Financial Freedom, for example - I'm not saying that's the best source: it's just one source that springs immediately to mind), you'll find plenty. They're systems based on solid, realistic underlying parameters, and some of them are presented there with many decades' of proof in the form of both backtested and forward-tested results. Yes, it's possible that markets can gradually change, and there's no absolute guarantee that any individual one will work for ever, but nobody can possibly deny that they're "viable systems" within any sensible or reasonable definition of the term "viable system".

What you find inevitably depends on where you look.

Here's the point, and the reason I'm mentioning this: longstanding, recognised, accredited textbooks published by mainstream, orthodox publishers have stood the test of time and undergone extensive peer-review before ever seeing the light of day, in huge contrast to "internet information" - be aware that there's no "informational quality control", online: anyone can publish anything offering advice, especially when they have some additional services/products to promote. There's some good information among it, doubtless, but when you don't yourself have the experience and judgement to identify it confidently, it's a real lottery, depending on advice from strangers.

Trading successfully is about statistical/probability functions, ensuring that the deck is stacked in your favour, rather than against you.

And so is learning to trade, so "where you look" is hugely important.

What kind of system are you talking about? Technical-based? Fundamental-based? Mechanical? Discretionary?

Different systems are created with different intentions and objectives. Do you now realize your mistake when you ask if systems 'really work'?

You may want to be more specific the next time you ask a question.

A profitable trading system is corporate knowledge. Just like Kentucky Fried Chicken, Coke, Pepsi, or any of the other THOUSANDS of businesses that have formulas or recipes, a winning trading system is NOT going to be available to the public. If it is a winning system, that trader is not going to share it. Sharing a system is not only stupid, but also will ruin it if it actually works. Let's say I tell you what I do. You try it, agree, and as well, anyone reading this post tries it, and agrees. They tell their family and friends, who then tell their family and friends. Big Man on Campus writes a post, while Big Woman On Campus writes a blog. Everyone is trying it and getting great results. Now, everyone else wants that too!! Within 2 weeks, there are a million traders using the same technique, seeing the same entry, the same exit. What do you think will happen with regards to slippage?

My view on paid systems is similar to many others. If it doesn't work, sell it! At least you can make money that way. Then others call themselves trainers and will talk you into boredom about this, that, and the other thing concerning trading. You can go onto youtube and see all the rambling of "trainers". In this case you have "theory", people who talk about what should work, using "historical" charts for reference, and are not real life profitable traders.

Then, and finally, what is profitable? It seems most rookies and unsuccessful traders consider profit quite differently than me. How do I know? For one, nearly everyone on FF is drawing art projects and pretending it means they are traders. Of those, half dislike indicators because they either lag, or adjust, LOL. So, you have a whole bunch of "trainers" who just haven't started a training business. They are all the same type of people. They don't really know what they are talking about, have no interest in learning what they do not know, but happily pretend they know. For those of us who do know, it is super annoying.

What do you do then? I would suggest that you stop drawing lines all over your charts and learn how to use your computer to compute. Why? Because supposedly 95% of traders are losing, and they are all drawing artwork. Apparently that doesn't work. I do not do it, so I don't really know, but since almost everyone is doing it, and everyone is losing, well, it seems logical to me that it is not a good method. Instead, study statistics math and probability. Learn the math behind indicators and become familiar with their coding. Look at the big picture. Don't be greedy. You do not need to make all the pips in one day. Use the magic of compounding to increase your account, not the whipsaw of the highs and lows of the market.

All the math in the world cannot overcome human nature though. There is a ridiculously strong emotional response caused by trading. In reality, this is what causes most traders to lose. Once anxiety or fear or greed or revenge enters a trade...logic stops. You go back later and simply cannot believe you ever took that trade or closed that trade. Basic emotions of flight or fight destroy most trades, no matter how successful the system.

Between an advertised system not actually being very good, too many people trading the same signal, and your natural human emotional responses, you have little to no chance of being successful with it. Save your money and invest in yourself.

Hi there,

Trading systems definitely work. But the main problem is the trader who is trading it.

Not everyone interprets data in the same way. As a result 2 persons following the same system can have very different result.

The main problem is controlling psychology and emotions.

And also you have to know when not to follow the system.

So yes system works but unless u develop it yourself it will be very hard to trade it yourself.

Did them still ended up loosing cash... You have answered your own question right there...

And don't let the pseudo traders here tell you that is all about how you use it.... NO System no trader can see future. ...till then when price is going up buy price going down sell ( don't need to know the reason) get in and if you get lucky you will get the grip on the game they play with you and start making some money..... if not you become one of the 95 or whatever the rate is.....
green pips....

lol you are funy... Need to know when to fallow and when not to fallow the system..... If you could tell that then you are already rich as a fuck right ...lol
this is exactly what i mean system works but....
"surgery was a success but the patient died"

green pips....

Not necessarily even you have the perfect system and knw when to trade to it and when not to if your starting capital is not adequate you won't be rich anytime soon.

Now on the other hand if you had 100k to start with then in 5 years time you can go somewhere.

Agree to that,

As much as a system works I always tell my students that you have to take my strategy and make it your own. We are all different so we see things differently, essentially you take the foundation and the fundamentals of it and develop it so it works for you.

Happy Pipping

Heere we go more bs..... capital have nothing to do with it .."if your system works" you are rich if doesn't you know the answer... i started with 2k...

And my coment was if you could tell when the market change you are rich...that was my point ......

Well i do trade over 100k and i could say in the 16 yars of trading i am somewhere... Can you say the same?

if not please don't give any advices to ppl.....