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Simplicity is the key to brilliance

  • #21
  • May 22, 2016 2:58am May 22, 2016 2:58am
Quoting skyway
The simple way to substantiate your assertion of most... brilliant is to provide us the details of your simple strategy.
I hope you didn't mistake my post as braggadocious. When I refer to the best speculators as brilliant I do not speak of myself (hell no), I am referring to people like Livermore and Seykota.

Anyway, my style is basically trend following, with some special pattern recognition and money management algorithms.
  • #22
  • May 22, 2016 7:20am May 22, 2016 7:20am
Quoting skyway
{quote} {quote} {quote} The simple way to substantiate your assertion of most profitable or brilliant is to provide us the details of your simple strategy. @TooSlow has shown us his simple strategy here and here.
I guess you're missing my point here. Think about this quote carefully...

"Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."
Simplicity is the key to brilliance.
  • #23
  • May 22, 2016 10:16am May 22, 2016 10:16am
Quoting Inceptionist
Alright, now I'll try to go further....
Here I am again to share the experience. In fact I think every consistently profitable trader has a plan at least from the number of traders which I know it is, I also have. On a point of order shall guide this message... the Advantage of a trading plan is to always do the right thing ( it can be a profitable trade without a plan = bad deal, losing trade with a trading plan = a good deal ), also helps to avoid psychological problems ( such as quickly to recoup after a losing trade ) . The plan should have the following things must completely answer the questions when you are trading and why, also when you close the position and why. Ideally, it can be shown in the drawings of past experience of trade with review. As for winning percentage this refers to a trading style and not a plan. As for drawdown, risk per trade money management is the point. Trading plan and risk management are two different things, and should be considered separately.
  • #24
  • May 22, 2016 7:41pm May 22, 2016 7:41pm
Quoting iDaKpacaB4uK
{quote} Here I am again to share the experience. In fact I think every consistently profitable trader has a plan at least from the number of traders which I know it is, I also have. On a point of order shall guide this message... the Advantage of a trading plan is to always do the right thing ( it can be a profitable trade without a plan = bad deal, losing trade with a trading plan = a good deal ), also helps to avoid psychological problems ( such as quickly to recoup after a losing trade ) . The plan should have the following things must completely...
It depends on each individual trader, but as I said earlier... Your plan is a reflection of your beliefs, mindset and vision...The 'vision' part accounts for how your edge looks like...win percentage, risk:reward...etc
Simplicity is the key to brilliance.
  • #25
  • May 22, 2016 7:44pm May 22, 2016 7:44pm
"Moisture is the essence of Wetness. And Wetness is the essence of Beauty." - Derek Zoolander
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #26
  • May 22, 2016 7:50pm May 22, 2016 7:50pm
Hahahaha...Ben Stiller rocks
Simplicity is the key to brilliance.
  • #27
  • Jun 5, 2016 8:03am Jun 5, 2016 8:03am
Quoting skyway
{quote} {quote} {quote} The simple way to substantiate your assertion of most profitable or brilliant is to provide us the details of your simple strategy. @TooSlow has shown us his simple strategy here and here.
Not really a strategy, just a good fishing hole.
Where is the hole?
When should I go there to fish?
What bait should I use?
What's the catch limit?

Give a man a fish...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #28
  • Jun 5, 2016 8:14pm Jun 5, 2016 8:14pm
Quoting TooSlow
{quote} Not really a strategy, just a good fishing hole. Where is the hole? When should I go there to fish? What bait should I use? What's the catch limit? Give a man a fish...
Simplicity is the key to brilliance.
  • #29
  • Jun 5, 2016 9:20pm Jun 5, 2016 9:20pm
HI - good thread and I agree about simplicity.

I can't make mine much simpler than what it is -

http://www.forexfactory.com/showthre...71#post8963671

Cheers
Pharley
  • #30
  • Jun 6, 2016 8:16pm Jun 6, 2016 8:16pm
Quoting pharley
HI - good thread and I agree about simplicity. I can't make mine much simpler than what it is - http://www.forexfactory.com/showthre...71#post8963671 Cheers Pharley
Keep up the good work, bro.
Simplicity is the key to brilliance.
  • #31
  • Edited 10:08am Jun 14, 2016 8:46am | Edited 10:08am
I'll try to give some useful tips to help you in the search for a trading edge. Instead of inventing something new or spending years to decipher the complex nature of market forces, you can take the smart way... The Smart Way is when you find a strategy or an idea with some potential , but it comes with some issues/problems...Then, you can focus all of your energy on finding a brilliant simple solution to the issues and you get a functional edge ( assuming the idea is consistent enough in the first place). When you're trying different strategies/ideas always remember that your ideas should pass the consistency criteria first to be valid for further studies. We need to be flexible as well in our search; An edge could be found anywhere/anytime...You can be reading an article about Forex or market analysis and suddenly you get an idea, or you can be reading a thread on one of the Forex forums and you see something that could be beneficial to you...If you couldn't find any beneficial ideas from your search, you can try the reverse-engineering way; finding a negative edge, study it well, and then try to reverse it to become a positive edge. I know that a lot of people here would disagree with me, but that's because they don't know the rules of reverse-engineering and the dos and don'ts...I'll explain more about reverse-engineering in the next post...Stay Tuned
Simplicity is the key to brilliance.
  • #32
  • Edited 10:09pm Jun 15, 2016 9:49pm | Edited 10:09pm
Reverse-engineering basic principles: Not every losing EA/Indicator/System could be reversed to be profitable...Before you think about reversing your losing strategy, you need to know every little detail about how it works, when it works, and why/when does it lose? And is it losing consistently?

Before you even take the decision to reverse a losing strategy, please make sure that your strategy is not one of the 5 cases that can't be reversed:

1-Arbitrage
2-Martingale
3-Grid
4-Hedging
5-Heavily Dependent on small spreads or super fast execution ( not available with most brokers)

If your EA/Indicator/System isn't one of the previous 5 cases, we can go one step further and study it...If we found that it's losing consistently on several backtests, we go to the next step and analyze best times to trade that generate the biggest losses and why does it lose? Is it because of news or an error in calculations? Or it depends on a consistently losing indicator or price formula...etc? We can even go more into further studies, and try to study the effect of spreads and execution on the strategy or we can try the monte carlo simulation to make sure the idea is valid enough for live trading...That's it for now, but more to come

Regards
Simplicity is the key to brilliance.
  • #33
  • Jun 15, 2016 10:13pm Jun 15, 2016 10:13pm
"Simplicity is the key to brilliance" seems like a double entendre. It would be more prudent to assume that the key to brilliance is an understanding of something complex, enough to apply a logic or practce in its simplist form.
Time hides Nothing
  • #34
  • Jun 16, 2016 7:57am Jun 16, 2016 7:57am
Quoting CindyXXXX
"Simplicity is the key to brilliance" seems like a double entendre. It would be more prudent to assume that the key to brilliance is an understanding of something complex, enough to apply a logic or practce in its simplist form.
Market forces are already complex enough, but this doesn't mean our approach needs to match its complexity..Of course it takes you years and years of study/practice to understand how sucha complex system works, but I am a firm believer that no matter how complex the system is, we can still find a simple solution...It takes time and big efforts, but my point is...Since we're already spending long time and big efforts in finding the solution, let's focus on the simple efficient approach; something that we can understand and relate to...Markets are very complex, but they're still controlled by human emotions (fear and greed). Einstein took 10 years to come up with an answer to one of physics most complicated problems, but the answer was far simpler than anyone would've ever imagined...It was E=MC2
Simplicity is the key to brilliance.
  • #35
  • Jun 16, 2016 8:38am Jun 16, 2016 8:38am
Quoting Inceptionist
{quote} Market forces are already complex enough, but this doesn't mean our approach needs to match its complexity..Of course it takes you years and years of study/practice to understand how sucha complex system works, but I am a firm believer that no matter how complex the system is, we can still find a simple solution...It takes time and big efforts, but my point is...Since we're already spending long time and big efforts in finding the solution, let's focus on the simple efficient approach; something that we can understand and relate to...Markets...
I believe I said the exact same thing, just in less words... =P

So I agree with you
Time hides Nothing
  • #36
  • Jun 16, 2016 10:52am Jun 16, 2016 10:52am
Quoting CindyXXXX
{quote} I believe I said the exact same thing, just in less words... =P So I agree with you

Simplicity is the key to brilliance.
  • #37
  • Last Post: Aug 11, 2016 5:24pm Aug 11, 2016 5:24pm
Quoting Inceptionist
{quote}
Brilliant Man. The more you involve things, the more you will be away of profit.
Forex; the game of movements not the game of candles.
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