share your best system for real trading

Hi every one .

i started this article to share our forex system to help each other to no loss money anymore .

please share your system that is really work and can trade on real account and not a such repaint,noob system,... .

Breakout.....

sorry for late . here is mine .

working on M5-EURUSD

Attached Image (click to enlarge)

Attached Image (click to enlarge)

can you please share your system rules by some photo examples

I use technical analysis

Dear screen shots r not available because i trade with mobile.I trade in daily cadels in commodities.Oil and gold

hi aztv88 (http://www.forexfactory.com/5aztv88)
is the signal "SHORT" repainting or no? when we entry and exit ? thx

My best system - first take a course in macroeconomics. Nobody should be allowed to trade forex unless they have demonstrated proficiency in macro.

Don't use any technical indicators - they are completely useless.

that two fiji indicator are not repain . also the last one is not repaint too.but 3rd one is repaint but not too much

Can u explain trading strategy? Buy, sell, tp and sl.

..

seems i just shared my system

i work on opening london market time . on my broker on 8:00-9:00 AM i check for buy or sell . on eurusd 20 tp and 30 sl . there are more position you can trade , on 12:00-2:00 pm is nice too .
my system gave you two order every day on M5 , find that two signals on your broker local time .

it doesn't matter how much tp sl i put . system should have higher winnig against loss , when this important happened , check witch pair with how much tp sl work fine .

Priceaction is king!

hello guys

im following this strategy a couple of weeks, dont get so manny entry's but ones you get a signal you sure ! also i got a day job so my trading time is limited.

yesterday took this trade but close early before hit TP, i had to go to sleep so could not manage the trade later and i like to close is on the same day if i waited 2H more it reached TP.

if somebody know a tool to close trades with time on mt4 ?

you can download the indicators on this page http://atozforex.com/trading-tools/forex-indicators/

can you explain more about your system's rules ? when buy sell,...

I have made a personal decision to share as widely as possible how I trade. I have benefited greatly from various mentors who have been generous with their knowledge and experience and I think it is time that I attempt to give and create win-win situations for everyone. Of course one can never be 100% transparent with every single detail but as far as possible, reading what I write will give one sufficient grounding to start one's journey in this difficult but transformative endeavour called FX.

To start, I think it's important to acknowledge that in our natural state we suck at trading. We are born to suck at trading. Successful trading goes against millennia of conditioned responses, every psychological tendency we are born into, and unless you come from a trader/investor family very likely every social conditioning influence you have been exposed to since young. Knowing this, the first step a trader should take is to understand, and deeply understand that learning how to trade involves rewiring your brain at the deepest levels. I am talking about subconscious levels here. This is not about trading psychology; this is simply how our brains are designed to work. An example: most people start off extremely bad with probabilities and statistics. We are unable to distinguish the finer degrees of uncertainty and we operate on only 3 settings -- Yes it will happen; No it will not happen; Maybe. We do try to categorise everything into certainties and when things are ambiguous we get queasy and uncomfortable and sign off with a 'maybe' response. The first thing a trader has to do is to rewire this conditioned thinking. We have to think in shades of probabilities. There are no certainties in the market. There are no certainties in the market. I repeat, there are no certainties in the market. Given that things always fall into the category of "maybe", a trader needs to learn how to distinguish the finer shades of maybe. This is but one of the many many things a trader has to internalise at an experiential level, not simply at the intellectual level.

Notice that I have yet to delve into "my best system for real trading." That is because no matter what system I offer you, you will not be able to trade it unless you have walked the path and understood things at an experiential level. And when you have done so, you'll realise that my trading system is useless because each trader has a unique personality that requires a specific tailored trading system and style to best fit that personality. I can provide guidance and clues on what works and what are deadends, but there is simply not much further I can help. The only way to get better at this is to go out there and observe. Observe the market. Write down your thoughts and hypotheses and test them in real time. Put on trades and see what happens and use that as feedback. Experiment with different things. Read widely. Take care of your spiritual and mental health. Take care of your physical health -- sleep, diet, exercise; the golden trio. All the little things add up.

Now about my system for real trading. I can write hundreds of pages on it if I want to because it is that intricate. I never realised how intricate and how much thinking I was doing unconsciously until I started to write things down recently. And writing things down will only help me because now I can be critical about my own process. I am on this journey as much as you are. I am far from perfection and I believe I will never be perfect in my trading but it is the impermanence and mental challenge that draw me back into this game every single day. So I am going to try to summarise my system in a short paragraph:

I trade on an intraday day basis. I deliberately focus on the times around london and new york opens. Each trading session I do is about 3 to 3.5 hours long. Before each session, I construct a trading plan that is detailed but simple enough to execute. I factor in macro sentiment, recent news, asia session developments, trends on various timeframes, key inflection levels on 4H charts, and other technical pecularities or chart patterns to come up with a hypothesis. An example of a hypothesis would be: There is a 77% chance EUR/USD will move up to touch the 1.0932 level within the next 3 hours. There is a key level at 1.0890 that can I expect price to test before moving up. Should this level break, I will adjust the probability of price touching 1.0932 downwards to 52%. Should the 15 min trend change down, I will further adjust the probability of price touching 1.0932 to 27% and at this time a downside target will be favoured. This downside target is 1.0852. If price moves in my favour to the upside target of 1.0932, there is an intermediate level at 1.0905 that I will start taking off some risk on topping behaviour and expect the market to consolidate or even make a small/full reversal before moving in my favour. I will look to add back the risk taken off on a 40-50% retrace of the up move. etc. etc.

I will then determine my trading sizes with simple rules. I can vary my size with a factor of 1:10. On a non-trendy day, I will be only using 0.2 lots on my trades. On a trend-trend-trend-level+news day, I will risk 2 lots. If this is a trend-trend-trend+level trade, I am ready to risk 1-1.5 lots on it. My daily intraday stoploss is sgd$700. If I lose sgd$700 I stop trading altogether. I trade with an account balance of sgd$1000 at the start of each day. When trading with the larger lot sizes, often I will cut losses quickly based on intuition or at worse when my loss hits the sgd$200 mark.

My entry and exit methods are varied. I generally look for "moments" in the market that offer superior opportunities to minimise risk. The methodology behind this is based on my nuanced understanding of technical analysis. I believe there are two levels of technical analysis. The first level presents you the base probabilities. By trading at the correct times of the day and in the correct currency pairs that have sufficient volatility, performing certain broad-based technical analysis will give you significant edge on a very general level. i.e. price will hit a certain target within the session. But there is also technical analysis on a second, deeper level. These manifest in the form of micro-patterns on the 1 min or shorter time frames. Where you can see clear order flow pecularities. Often, you can predict with extreme accuracy where price will head in the next 1-5 minutes. This allows you to choose entries that minimise risk an maximise reward. Of course you may be thinking, if this is so good, why not just trade this and forget about the surface level technical analysis? the answer is that, 90% of the time you'll predict the direction correctly and it moves perhaps a 5-10 pips in your favour, but 10% of the time when markets are really trending you will get wiped out and lose more than all that you can make using this method. So it's important to use this in a proper context and general technical analysis provides that context. Of course if you stack enough of these together, in a bayesian sense they eventually can turn the trend altogether and impact the larger technicals. This is when you have to adjust your plan. These can change from time to time so you really have to go and observe the 1 min charts closely and take note of what happens and when. Spend enough screentime and things will come to you naturally. Intuition plays a big part here. A caveat about intuition: mine works best to tell me things at the micro technical analysis level but can hinder me following the plan on the macro technical analysis level. Because one must understand that the base rate of 77% that price hits a target is NOT affected significantly by any thing on a micro-technical level. Order flow peculiarities are just that, peculiarities. They don't have any significant meaning and they are just part of the market's volatile environment. At most I should adjust the odds down from 77% to 76% but that does not make a big difference. Only when the macro technicals turn do I need to be more cautious and make huge adjustments. The real benefit of knowing these entry methods is that one can time entries. Just before making a huge move, there are often places you can enter with so little risk it's laughable. Learn how to spot those and you can really size up and maximise your rewards.

I also trade the news but only after the release. this is complicated and I would not go into it. But the best money is to be made here especially when the unexpected news bias coincides with the pre-existing trend. Sometimes the news can be so violent that trends start turning almost immediately (think ECB recent release), in those cases it's not too late to buy the first retrace and often there'll be huge follow through even after.

Again this is just an extremely brief description of my trading system. If you ignore everything and learn nothing, just understand that this is a journey you have to take. Be prepared to be challenged at every turn. Sometimes the light at the end of the tunnel can go dim, but if you have enough determination, you will succeed. I will be writing more on these in the future.

some things i left out.

I only trade EUR/USD.
I have lost ~25k sgd from jan 2012 to may 2015 and spent easily ten thousand hours on this. from aug 2015 to november 2015 I made 12k sgd trading with the above system/approach generating consistently about 3k per month, trading around 3 days per week, 4 hours each day. My best streak was 10 days of profitability. I am bad with risk management so that is something i am working on and looking to sharpen. In the 4 months of success, I still doubled down at times and still traded on tilt a lot and i am lucky that things turned out well. So a lot of it is luck. I am grateful. Going forward I am trying to eliminate the luck more and more and see if I can get better. i now have a much better experiential appreciation of risk and truly understand that there are no certainties in the market and no matter how sure I am there is the chance I might be wrong and lose.
I journal everyday after the close.
I document best set-ups after the close.
What i believe turned my trading around was a shift to process-orientation, but maybe it's just that i have spent enough time to unlock some understanding of the market at an experiential level.
By all industry standards, I am still not a successful trader (i.e. I am overall net negative) and I am still learning like all of you here. But I firmly believe there is some value in what I am sharing and I hope it can guide some of you on the right path.

I use Martingale and probability of higher highs and lower lows.

hello arl,

in the image i explain it , its simple so try to keep it simple

there will be also a webinar over this strategy