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5 years and still no strategy

  • #401
  • Apr 24, 2017 4:25pm Apr 24, 2017 4:25pm
Quoting Redeflect
{quote} Yes. I would disagree. Pretty much every EA strategy works in the longrun... if you know when to apply it. Obviously a strategy designed to profit off an uptrend will lose money on a downtrend and vice-versa. To say EA's are junk is like saying a hatchet is junk because the trees always fall towards you. The problem isn't with the hatchet. The problem is with the manner in which it's being used. An EA won't make you profitable. Neither will having a large account. Although they don't necessarily hurt(unless you're relying on them to be the...

im sorry i cant agree with you there, meaning not every ea is profitable in the long run . maybe profitable in the short run.
EAs are conditions meaning in some work in certain environments and other envios they fail.this is because you made them using certain envios as your data. its very hard to make a good ea in every envioment, my one is amazing in trends but in ranges, it will slowly and surely rip you up, still working progress.


just be careful, saying that stuff especially to yourself, its a dangerous thing to believe.
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There ain't no such thing as a free lunch
  • #402
  • Apr 24, 2017 4:27pm Apr 24, 2017 4:27pm
who needs a strategy...........forex is very simple........why humans are complicating simple things..................

Price is up or down......as a speculator you need to pick a level to enter the trade...........put a stop to be out if the trade does not go your way.......let your profit to outweigh your initial risk if the trade goes your way...........and that is it.........nothing complicated..............you do not need to write a book about up or down.....

The only thing you need to practice is to how to pick that level to have a good risk/reward ratio............obviously there is plenty of opportunities the market give you every day to profit.........you just need to throw those indicators away and use your eyes.................

If you do not like my words.............I hope that you can find your way out
atheer1
  • #403
  • Apr 24, 2017 4:45pm Apr 24, 2017 4:45pm
Quoting atheer1
who needs a strategy...........forex is very simple........why humans are complicating simple things.................. Price is up or down......as a speculator you need to pick a level to enter the trade...........put a stop to be out if the trade does not go your way.......let your profit to outweigh your initial risk if the trade goes your way...........and that is it.........nothing complicated..............you do not need to write a book about up or down..... The only thing you need to practice is to how to pick that level to have a good risk/reward...

haha wow you say it so laxed, yeah , anyone can do iteasy,, haha

thanks for summing up what i said

the reason the market moves and people make money from it because at the same time someone thought opposite to you and believed in it and he lost, and yet they likely used the same logic to explain why it was going their way, people can't be told to use price levels and leave at that , unless you are very familiar with doji, suport and RES you are better to use indicators.
There ain't no such thing as a free lunch
  • #404
  • Apr 24, 2017 4:57pm Apr 24, 2017 4:57pm
Quoting forexer801
{quote} haha wow you say it so laxed, yeah , anyone can do iteasy,, haha thanks for summing up what i said the reason the market moves and people make money from it because at the same time someone thought opposite to you and believed in it and he lost, and yet they likely used the same logic to explain why it was going their way, people can't be told to use price levels and leave at that , unless you are very familiar with doji, suport and RES you are better to use indicators.
I doubt that anyone who relies on indicators for trade decisions can do it on the long run..........that is my opinion
atheer1
  • #405
  • Apr 24, 2017 5:01pm Apr 24, 2017 5:01pm
Quoting atheer1
{quote} I doubt that anyone who rely on indicators for trade decisions can do it on the long run..........that is my opinion
could you explain?
using indicators is like sitting in a car in a petrol station and expecting the tank to just fill up , you have to actuall do something to fill the tank up.
There ain't no such thing as a free lunch
  • #406
  • Apr 24, 2017 5:12pm Apr 24, 2017 5:12pm
there's a lot active user on here anyone want to add anything?
There ain't no such thing as a free lunch
  • #407
  • Apr 24, 2017 5:15pm Apr 24, 2017 5:15pm
Quoting forexer801
{quote} could you explain? using indicators is like sitting in a car in a petrol station and expecting the tank to just fill up , you have to actuall do something to fill the tank up.
indicators are not equal to petrol for the car...........price is the petrol...........you are putting kerosene in a car and expecting it to move smoothly
atheer1
  • #408
  • Apr 24, 2017 5:20pm Apr 24, 2017 5:20pm
wow.

i came on here to help people haha

what TF do you trade on, sounds of it 4H and D1?
There ain't no such thing as a free lunch
  • #409
  • Apr 24, 2017 5:25pm Apr 24, 2017 5:25pm
Quoting forexer801
wow. i came on here to help people haha what TF do you trade on, sounds of it 4H and D1?
you are welcome.....
Any time frame can do the job.........it depends on available time to trade......
Mostly hourly and above
atheer1
  • #410
  • Apr 24, 2017 5:30pm Apr 24, 2017 5:30pm
oh right mine 15min and up
There ain't no such thing as a free lunch
  • #411
  • Apr 24, 2017 5:42pm Apr 24, 2017 5:42pm
Indicators are like gimmicky electronics. Nice to look at but functionally useless.
  • #412
  • Apr 24, 2017 6:37pm Apr 24, 2017 6:37pm
It's interesting because if you ask anyone to draw you a diagram to represent the market 9 out of 10 will draw you a picture that could be described as a 1-2-3 pattern. And when forming a strategy or entering a trade this picture is the general inspiration and mind set. But essentially the market is always in a range and the banks day to day operate within the range until some fundamental or underlying reason moves things into a new range. These are your 100-200 pip moves which again is the inspiration burning in most traders minds. But the banks are not in it for these moves, these moves can only happen when liquidity and limits are pulled and therefore the market is free to float out of the current range and find new footings. And then we go again. Yet most traders are chasing those unstructured moves and then of course many will agree the market is random and unpredictable. The frustration lyes in the fact that those moves that everyone remembers and everyone wants can most certainly lean towards the random walk side, particularly in regards to timing, and distance and volatility.

The market is always searching for a state of structure and predictability it's just that sometimes it is unable to find it and until that point things can certainly take on a random walk as it "feels" out the next battlefield. Banks don't want to go to work everyday trying to work out some random wild beast, they need to fill their clients orders, and go home to their beautiful views. The funny and infuriating thing is that 99% of retail traders are turned on by that excitement and free fall volatility that is not always so unpredictable, but not always entirely predictable either (sounds like a gamble doesn't it!) as it can lack structural logic, but can give just enough to keep the retailers chasing their tails for years on end. And this is what your brokers prey on. They know you don't know, but they also know you're like a Blue Jay attracted to the "shiny things".

The crux of what I was trying to say in the first sentence was confused and lost in latter part of my post, it will go over most heads but is basically the reason for the insane fact almost all are doomed to fail at trading. imo of course.
Time hides Nothing
  • #413
  • Apr 24, 2017 6:58pm Apr 24, 2017 6:58pm
What is a pass mark as a strategy?
for me to he a successful trader you must make 1:1 EVERY TIME PERIOD YOU TRADE.
so if you intraday trade 1:1 for the day, weekly 1:1 for the week and so on
If you cant consistently (as in above 80%) make 1:1 each time then you do not have a great strategy or understand how the markets work
INDICATORS THAT TELL YOU VERY LITTLE
- stochastics
- fibs
- elliot wave (complete bs)
- gann

what do you need to know? Market makers and large speculators. Figure them out and youll make it. But that takes HARD WORK with slim chance of finding out their secrets. So IMO to the everage punter here... quit now before you lose everything. Sorry but thats the truth. No EA has ever made it. Not one. No one you know has ever made it. Not one. So lol why are you trying then? If someone talks in pips or about the price RUN!! They know nothing.
  • #414
  • Apr 24, 2017 7:08pm Apr 24, 2017 7:08pm
Freakout,

There is no winning strategy - if there were, people here at FF would be too busy milking the banks to post replies. Forex is a losing game - it's an OTC market just like penny-stocks (which are also a scam ). That means there are no regulated exchanges like the NYSE or CME for spot forex. If you live in the US, you have to go through market-makers like Oanda or FXCM. The whole thing is rigged - a strategy for spot forex? You might as well talk about a strategy for playing roulette in Vegas. At least in Las Vegas, you can get some drinks and catch a show.... Oh, yeah, Vegas has some great buffets too....
  • #415
  • Apr 24, 2017 7:20pm Apr 24, 2017 7:20pm
Quoting WolGod
What is a pass mark as a strategy? for me to he a successful trader you must make 1:1 EVERY TIME PERIOD YOU TRADE. so if you intraday trade 1:1 for the day, weekly 1:1 for the week and so on If you cant consistently (as in above 80%) make 1:1 each time then you do not have a great strategy or understand how the markets work INDICATORS THAT TELL YOU VERY LITTLE - stochastics - fibs - elliot wave (complete bs) - gann what do you need to know? Market makers and large speculators. Figure them out and youll make it. But that takes HARD WORK with slim...
This is the worst post I have read in a long time.

Quoting gravitist
Freakout, There is no winning strategy - if there were, people here at FF would be too busy milking the banks to post replies. Forex is a losing game - it's an OTC market just like penny-stocks (which are also a scam ). That means there are no regulated exchanges like the NYSE or CME for spot forex. If you live in the US, you have to go through market-makers like Oanda or FXCM. The whole thing is rigged - a strategy for spot forex? You might as well talk about a strategy for playing roulette in Vegas. At least in Las Vegas, you can get some drinks...
Gravitist, you are not from the USA and you have not traded in quite awhile. Why do you post here?

Quoting CindyXXXX
It's interesting because if you ask anyone to draw you a diagram to represent the market 9 out of 10 will draw you a picture that could be described as a 1-2-3 pattern. And when forming a strategy or entering a trade this picture is the general inspiration and mind set. But essentially the market is always in a range and the banks day to day operate within the range until some fundamental or underlying reason moves things into a new range. These are your 100-200 pip moves which again is the inspiration burning in most traders minds. But the banks...
In fewer words, the OP needs to understand that the markets are random most of the time, and build a strategy.
If you are good at something, never do it for free--Joker
  • #416
  • Apr 24, 2017 7:33pm Apr 24, 2017 7:33pm
Quoting jmn5611
{quote} This is the worst post I have read in a long time. {quote}
Then I feel for you my friend. All the best in your quest.
  • #417
  • Apr 24, 2017 8:47pm Apr 24, 2017 8:47pm
There is NOTHING random about the markets. Ive never seen ANYTHING any move thats been random.
  • #418
  • Apr 24, 2017 8:51pm Apr 24, 2017 8:51pm
Quoting WolGod
There is NOTHING random about the markets. Ive never seen ANYTHING any move thats been random.
Well, that is because you may not understand randomness. Where you see information, the market sees price discovery, and price discovery is random much of the time.
If you are good at something, never do it for free--Joker
  • #419
  • Apr 24, 2017 10:31pm Apr 24, 2017 10:31pm
Quoting jmn5611
{quote} Well, that is because you may not understand randomness. Where you see information, the market sees price discovery, and price discovery is random much of the time.
So you think price discovery happens by accident?
This is your problem my friend. That and the fact you think breaking even every year makes you a great trader. I bet you believe theres months of market conditions which make your marketd 'untradable' due to 'world economics'
You do realise currency markets HAVE to move everyday and they do in perfectly for the big banks. They are laughing.
  • #420
  • Apr 24, 2017 10:35pm Apr 24, 2017 10:35pm
Quoting forexer801
{quote} im sorry i cant agree with you there, meaning not every ea is profitable in the long run . maybe profitable in the short run. EAs are conditions meaning in some work in certain environments and other envios they fail.this is because you made them using certain envios as your data. its very hard to make a good ea in every envioment, my one is amazing in trends but in ranges, it will slowly and surely rip you up, still working progress. just be careful, saying that stuff especially to yourself, its a dangerous thing to believe. {image}
That's why I said "If you know when to apply it". Every EA except for one specific type works in a trending environment but not a ranging environment.
"The fun is in the hunt. Not the kill."
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