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Do trading Systems really work?!

  • #41
  • Nov 2, 2015 12:51am Nov 2, 2015 12:51am
Quoting roughtrader
any profitable trading system will work as long as the user have the discipline to follow it's rules, most traders don't, that's why they fail

So, the rumors are true ... there is some guy in his pajamas, running "any profitable trading system" from his garage who now owns half the world ?
  • #42
  • Nov 2, 2015 10:32pm Nov 2, 2015 10:32pm
Trading systems do work, there are many traders that are earning from forex market. They use some type of trading system and for this reason they are successful and this shows that there are some trading systems that really work.
  • #43
  • Nov 4, 2015 10:27am Nov 4, 2015 10:27am
Quoting Mingary
{quote} So, the rumors are true ... there is some guy in his pajamas, running "any profitable trading system" from his garage who now owns half the world ?
  • #44
  • Nov 4, 2015 11:47pm Nov 4, 2015 11:47pm
I find trading systems work for the person that came up with it. Thats good enough for most. You can't really say. The true test is how long a person is able to stick around, and how much money they can make doing this.
  • #45
  • Nov 5, 2015 7:06am Nov 5, 2015 7:06am
For example Daily Breakout System. It is agressive trend strategy, which doesn't use indicators. Despite the fact that DBS seems to be rather easy, I wouldn't recommend it to newbies. Especially to who are looking for a spicy feelings. Daily Breakout System has a lot of "dark zones", which can play a malicious joke with inexperienced traders.
  • #46
  • Nov 6, 2015 4:09am Nov 6, 2015 4:09am
Also there is another interesting strategy - Candle Sign. It's rather unusual but simple. Trading on the basis of this strategy will be able even the most novice, because it does not require presence of any particular theoretical knowledge, nor the availability of practical knowledge. As far as I know you may not use even indicators. This is monocurrency method that allows you to use only one object of trade - the currency pair EUR/USD, and only one time slot - hour.
here is a pic example:
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.png Size: 71 KB
  • #47
  • Nov 12, 2015 11:20am Nov 12, 2015 11:20am
depends on how well the trader himself "works"...the biggest variable for all of us is between our ears...
"Holy Grail" exists - accepting where is the first step.
  • #48
  • Nov 13, 2015 11:58am Nov 13, 2015 11:58am
The key point of every system is the timely updating according to the market. If a producer does not update a system, it will blow up an account very quickly.
  • #49
  • Nov 18, 2015 5:05pm Nov 18, 2015 5:05pm
Quoting roughtrader
any profitable trading system will work as long as the user have the discipline to follow it's rules, most traders don't, that's why they fail
I agree to a large degree. It's all about being systematic yet flexible enough to flow with the markets in a way that allows your setup to adapt to the markets current conditions. The system that I use uses fractal math to let history predict the future and identify where likely buyers and sellers would be stepping in.
  • #50
  • Nov 21, 2015 9:09am Nov 21, 2015 9:09am
Hi,

Each successful trader has honed their trading system over a period of time. There is no one system that will suit every trader and new traders do not understand the level of complexity that is required to be a consistent trader. Other traders systems are a starting point to building your own as mentioned in this thread. I know it is confusing but it this is the way it is.

MT

Quoting He-Goat
I have attended quite a number of FX trade classes and seminars and listen to countless trade strategies. Did them still ended up loosing cash, The big question is, do these systems actually work, because I am yet to see a viable system
  • #51
  • Nov 21, 2015 9:11am Nov 21, 2015 9:11am
Take a look at my post on the 38 steps to trading:

http://www.forexfactory.com/showthread.php?t=546106
  • #52
  • Nov 28, 2015 8:05pm Nov 28, 2015 8:05pm
Creating a system is the best system. Honestly, I've tried quite a few and they are all only good to a certain extend. The Holy Grail only exists for the system creators who make people think that their system is profitable. Don't get me wrong, I haven't been disappointed, I'm seeing it without emotion. I have made my experience and I trust my own trades (and EAs) more than those of others.
  • #53
  • Nov 29, 2015 9:16pm Nov 29, 2015 9:16pm
Quoting michelmichel
Honestly, I've tried quite a few and they are all only good to a certain extend.
But that's your own trading system, you can customize it so it will fits to certain market situations. Demo account is a good place to build, customize and fix your own trading system without any risk...
  • #54
  • Nov 30, 2015 12:30am Nov 30, 2015 12:30am
Quoting SamsuSamsul
{quote} But that's your own trading system, you can customize it so it will fits to certain market situations. Demo account is a good place to build, customize and fix your own trading system without any risk...
I agree, a working trading system needs constant maintenance, that's why I wrote "to a certain extend". I am constantly using demo accounts in order to find parametrizations to current market situations via backtesting. That's what most trading system creators don't have to do, they just sell. And that's why I judged that as being lower maintenance.
  • #55
  • Nov 30, 2015 2:03am Nov 30, 2015 2:03am
​I don't know if there are systems that work, at least I didn't find any, but from my experience the system is just 10% of the equation. I started making profits when I realized that psychology is the most important aspect in trading. So 90% for me is psychology. This is what makes money. I trade 60 sec binaries, most people think I am crazy but with basic price action and the correct psychology I do make 30% profits per month for the past one and a half year and a very good living out of trading.
So I wouldn't advise anyone to focus on finding the perfect system as it does not exist, or I didn't find it, but find a trading method that makes sense to you, work on your psychology and you will be fine.
  • #56
  • Dec 2, 2015 10:41pm Dec 2, 2015 10:41pm
Quoting venividivici
no they dont, the big boys actually know all these strategies and go against them, you have to be flexible on your approach depending the different scenarios.
Who are these big boys? Where can they be found?
  • #57
  • Dec 3, 2015 3:20am Dec 3, 2015 3:20am
Trading the news seem more robust than a lagging indicator, just make sure to cut losses and grab profit systematically.
  • #58
  • Last Post: Dec 8, 2015 8:26am Dec 8, 2015 8:26am
The big boys, the rich traders, the Forex millionaires.
Mysterious creatures that have never been seen. Everybody talk about them, but they never appear (ok, sometimes, when they want to sell you something).
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