Make all possible mistakes in demo and rain in pips in live account
Trading Contest All Time Return:
2.3%
WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies
strategy builder/tester for new scalping strategy 1 reply
Is opposite of losing strategy a winning strategy? 21 replies
After years in trading, do you still believe in get-rich-fast BS? 98 replies
Disliked{quote} my hypothesis is, someone design a system in the past an want it to trade in the future (automated) it works good in the beginning, but the further the market morphs away from the past the "worst" the results get.Ignored
DislikedI have been trying to learn to trade for 5 years as well, I actually gave up for a few years out of frustration but for last few weeks have started getting back into it again. Over the last few weeks I have been trying to identify why nothing has worked for me and I have learned a lot, Mostly about myself. My advice would be is have a break for a little while as you may have some bad habbits, I certainly did. Once you feel less stressed about trading come back and start reviewing all the strategy's again and try to identify why its not working....Ignored
Disliked{quote} That's why I do not believe that robots work because if the market could be modeled someone would have done it. And eventually the returns could not be kept secret.Ignored
Disliked{quote} Would it be safe to say, that the system works now, but fails later only because the programmer didn't take into account ALL of the "variables"? I'm really into social trading, but I would assume that many people don't factor in ALL the varies, which is why you can see such good performance followed by one bad trade that either pops the account, or leads to bias trades which ends up blowing the account after sometime.Ignored
DislikedTake a look at this trade explorer I just found. {image} Most would say that the "system" is horrible, but I would take a stab and say it is the money management. I would say that because his floating loss more than 20x larger than his avg win. The trader might be a "no stop loss trader", or he might of moved his stop loss while it approached, but is it fair to say that the "system" doesn't work? O.P. what do you think?Ignored
Disliked{quote} That's why I do not believe that robots work because if the market could be modeled someone would have done it. And eventually the returns could not be kept secret.Ignored
DislikedReact to what is happening now. Anyone can identify S/R, Trend lines, Moving Average bounce, ect... But these alone are not an edge, they are reference points. Being able to see participation at these reference points can provide the edge. You want to recognize where the real size is trading. Where are the spoofs? Where are the orders absorbing? Are sellers aggressively hitting bids? Are buyers aggressively hitting offers? Does it look like a bunch of programs are trying to game these prices or does it look like Goldman is crushing it and hitting...Ignored
Disliked{quote} Keith, Is it order flow you are talking about? Can one apply the concepts to larger Time Frames? ThanksIgnored
Disliked{quote} It's not that the algo traders do not take in the variables, they may catch even all of the variables that historically exist at that given time. The problem is that historical variables can change. Humans are only predictable to a degree and we can never know every agenda and how much monetary firepower they can muster to further that agenda. If you do not know the story of When Genius Failed, you definitely should YouTube that. Another more mundane example is when the year 2014 brought a steady and relentless decline in the Euro, for most...Ignored
Disliked{quote} Keith, Is it order flow you are talking about? Can one apply the concepts to larger Time Frames? ThanksIgnored
DislikedThis is how you die (in trading) Watch each video carefully as I point out a few things: 1. The Amateur's Personal Experience https://www.youtube.com/watch?v=L5-ZDDwRevs 95% of the information you will get from FF and anywhere else are these type of information. And the reality is, you will only last 10-30min swimming like this in open water (even in a swimming pool). And then you die!!! In trading, you may last 1-3 months of profit and then you die!!! Well, you can rest assure that it is not your fault... You don't know what...Ignored
DislikedThis is how you die (in trading) Watch each video carefully as I point out a few things: 1. The Amateur's Personal Experience https://www.youtube.com/watch?v=L5-ZDDwRevs 95% of the information you will get from FF and anywhere else are these type of information. And the reality is, you will only last 10-30min swimming like this in open water (even in a swimming pool). And then you die!!! In trading, you may last 1-3 months of profit and then you die!!! Well, you can rest assure that it is not your fault... You don't know what...Ignored
Disliked{quote} I wished there were more examples but here is one evidence running longer than 1 year that such a thing is possible for retail traders.Ignored
Disliked{quote} Learn to read dood ,you might discover and learn something instead of trying to give advice to somebody who has passed your poor achievements,proof is a wonderful thing,joy to ya friend,GW.Ignored
DislikedSo... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?Ignored
DislikedAdding 1 ma (this is a 20lwma but doesn't really matter) can sort some issues, buy above/sell below. The yellow + green lines show Frankie + London opens. {image}Ignored