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5 years and still no strategy

  • #461
  • Apr 25, 2017 8:07am Apr 25, 2017 8:07am
you people, want a strat?
but what would you give in return?
(cant be money )
There ain't no such thing as a free lunch
  • #462
  • Apr 25, 2017 8:09am Apr 25, 2017 8:09am
Quoting forexer801
you people, want a strat? but what would you give in return? (cant be money )
how bout some tender lovin'?
  • #463
  • Apr 25, 2017 8:15am Apr 25, 2017 8:15am
Quoting hilmy83
{quote} how bout some tender lovin'?
you seem to be pretty doing pretty well for your self haha

Quoting forexer801
{quote} you seem to be pretty doing pretty well for your self haha
didnt see you were on demo when i wrote that ^^
There ain't no such thing as a free lunch
  • #464
  • Apr 25, 2017 8:18am Apr 25, 2017 8:18am
Quoting forexer801
you people, want a strat? but what would you give in return? (cant be money )
Golden shower in Russia? Lol
Read in between the price!!!
  • #465
  • Apr 25, 2017 8:23am Apr 25, 2017 8:23am
Quoting forexer801
you people, want a strat? but what would you give in return? (cant be money )
strat for strat?
tit for tat
  • #466
  • Apr 25, 2017 8:27am Apr 25, 2017 8:27am
Quoting calebfx
{quote} Golden shower in Russia? Lol
huh ?


this is an ea im building its done yet only on 2nd generation so far.
its set for a standard lot size so doesn't matter initial investment this would be the return.

as it is, its a good example, you only need 50% wins to be in profit. if you do things right

still working progress so don't judge too harshly.

Quoting DClearsky
{quote} strat for strat? tit for tat
toe
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There ain't no such thing as a free lunch
  • #467
  • Apr 25, 2017 8:29am Apr 25, 2017 8:29am
Quoting DClearsky
{quote} strat for strat? tit for tat
a nip for a tip?
"Diversification is an excuse for a lack of talent" ~FXC
  • #468
  • Apr 25, 2017 8:31am Apr 25, 2017 8:31am
Quoting forexer801
{quote} toe
tick tac toe
  • #469
  • Apr 25, 2017 8:34am Apr 25, 2017 8:34am
Quoting skyway
{quote} 23 pages of huffing & puffing no stop yet.....bet OP is gloating all the way lol.
hahahahahhaha... like this

anyway... success in forex will come from constant learning & it will NEVER end! Even after having 20 years of experience in forex trading NO ONE can claim they are Master of this GOD

So? there is NO Perfect system in forex... that's it

& you might wanna check my EA here in this post https://www.forexfactory.com/showthread.php?t=656972

Good luck
It is the dust where you came from & it is the dust where you shall return
  • #470
  • Apr 25, 2017 8:36am Apr 25, 2017 8:36am
Quoting forexer801
{quote} huh ? this is an ea im building its done yet only on 2nd generation so far. its set for a standard lot size so doesn't matter initial investment this would be the return. as it is, its a good example, you only need 50% wins to be in profit. if you do things right still working progress so don't judge too harshly. {quote} toe {image} {image} {image}
you want a hug for that strat?

or a bitch slap

don' be a tease man..
  • #471
  • Edited 9:20am Apr 25, 2017 8:47am | Edited 9:20am
Here's a strategy for you to all build a profitable trading plan -

Dramatic price movements tend to unfold from price structures that minimise participation.

That is all anyone needs and it has worked since the ancient Egyptians first started trading grains 4,000 years ago and it will work for many more millennia.

So forget about HFT, people 'in the know', people with faster computers than you, people who 'control' the spread, people with billions under control, and the rest of that shite (hint, the vast majority of them are not nearly as good as everyone likes to make out). We humans love to be scared by the bogeyman.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #472
  • Apr 25, 2017 8:49am Apr 25, 2017 8:49am
no strategy? no problem.

'Using no way as a way, having no limitation as limitation.'
- Bruce Lee
  • #473
  • Apr 25, 2017 8:52am Apr 25, 2017 8:52am
Quoting hilmy83
{quote} you want a hug for that strat? or a bitch slap don' be a tease man..
well, to be honest, i wouldn't mind the two, I'm into that stuff, but
I'm here to help people make something like this if not better and not talk about my kinks.
There ain't no such thing as a free lunch
  • #474
  • Apr 25, 2017 9:08am Apr 25, 2017 9:08am
Quoting Ross88
{quote} can i just clarify your position you think it's basically impossible to make money long term trading currencies? what is your opinion on someone trading the dax or gold or wheat do you think these can be traded long term and be profitable?
Trading currencies is a negative sum game for retail forex traders.... it is mathematically close to impossible to win in the long run. It is possible to win big with high leverage based on luck for a limited period of time- I call that gambling - however the risk will always catch up one day.

There are winners in this game.... these are the ones I listed above with a real, existing tempory or permanent edge in the market. They need the real economy and the retailers in their business model to make profits. And they do and you will pay them if you participate. They need you - so they will sell you the dream by investing enormous amounts of marketing money. The forex industry has probably reached it's peak in most highly developed nations already.... the search for new victims is getting harder and harder and more expensive. The regulators finally start to act to limit the extrem harm this industry inflicts on the public. But there are still a lot of potential new victims in highly populated emerging economies....these are the main targets of these companies today. The zero to negative yield envoirment forces a lot of people into risk. This helps too. And every day, thousands of new suckers are born globally.... Furthermore it's proven that gambling addicts will return year after year and continue to lose their money ad infinitum.

There seems to be a shift towards a pure gambling business model. The systems are setup and optimized to gamble. The shadier the brokerage firm, the more gambling like it is. Forex today is mostly pure gambling for all small account sizes (average size is just about 2500 USD) and the marketing mainly adresses customer segments that are prone to gambling addiction. You are looking for younger males with little education and little income. They tend to risk more to break out of their misery...they play the lottery, sport bets etc although the odds are massivly against them. They are the ones that can be drained the easiest. Weak targets with limited ability to defend themselves even if ripped off through illegal tricks like spread widening etc.

With less regulation, less protection for gambling addicts, less oversight and a decentralized market structure, forex is an ideal playing field for the (at least partially criminal) gambling industry. The serious companies in this field do adress an other set of customers.

Most of these arguments can be applied to day trading of DAX and Gold through CFD's too.

Diversified investments in real businesses over a long period of time allows you to participate on the wealth creation purpose every company in this world has and always will have. A real productive job is doing the same. If all companies fail, losing money is not your main problem. This is highly unlikely. If the pressure is big enough, mankind can overcome even the biggest challenges. Close to zero or even negative yields and global QE is the new norm at todays debt levels to avoid a system collaps. I guess CB's will ride this wave at all cost to the very end.....
  • #475
  • Apr 25, 2017 9:23am Apr 25, 2017 9:23am
Quoting HudithePfupf
{quote} Trading currencies is a negative sum game for retail forex traders.... it is mathematically close to impossible to win in the long run. It is possible to win big with high leverage based on luck for a limited period of time- I call that gambling - however the risk will always catch up one day. There are winners in this game.... these are the ones I listed above with a real, existing tempory or permanent edge in the market. They need the real economy and the retailers in their business model to make profits. And they do and you will pay them...
i actually agree with you.. for the most part, customers like to be fed a lie that they can make big bucks and think at least they tried their hand in it when they lose, rather than listen to the truth that they were doomed to begin with.

and im talking about customers "in highly populated emerging economies"
  • #476
  • Apr 25, 2017 9:35am Apr 25, 2017 9:35am
Quoting calebfx
{quote} Exactly, they prey on the ego, I for one know forex is profitable, the sad part is no one posting here will tell you their winning edge, if anyone does then you have found Jesus(well not really but you get the point)
  • #477
  • Apr 25, 2017 9:38am Apr 25, 2017 9:38am
Quoting forexer801
{quote} why the fuck are you here?
..... proof that there is a significant difference between reading and understanding.

Am I mad? No...why should I, relax bro....selling is not always easy....
Am I bad? No... one of the few in this forum who sees through the fog and actually cares for the fallout.
Am I to cynical to trade.....certainly not - but maybe too smart to participate in a negative sum game.

I even can't put down the snake oil sellers from the forex marketing departments. These guys are already that low it's impossible to put them lower.

If you are not part of this group, I will lift you back up on your feets after you'll hit the rock hard bottom.
Just reflect without any emotions what I am telling you and validate my points.
If logic prevails you understand my position.
  • #478
  • Apr 25, 2017 9:40am Apr 25, 2017 9:40am
Quoting Calculus
Here's a strategy for you to all build a profitable trading plan - Dramatic price movements tend to unfold from price structures that minimise participation. That is all anyone needs and it has worked since the ancient Egyptians first started trading grains 4,000 years ago and it will work for many more millennia. So forget about HFT, people 'in the know', people with faster computers than you, people who 'control' the spread, people with billions under control, and the rest of that shite (hint, the vast majority of them are not nearly as good as...
Calculus,

So, the shake out that happens prior to a major move? Could you please elaborate more?

"(hint, the vast majority of them are not nearly as good as everyone likes to make out)"

I am curious as to why it is the case. I mean funds are hiring Quants with PhD's-Literally rocket scientists at their beck and call who can crunch numbers across n number of financial instruments. So, what is the distinguishing characteristic that a retail trader should have that enables him to go toe to toe with these guys?

Thanks
  • #479
  • Apr 25, 2017 9:50am Apr 25, 2017 9:50am
Quoting HudithePfupf
{quote} Trading currencies is a negative sum game for retail forex traders.... it is mathematically close to impossible to win in the long run. It is possible to win big with high leverage based on luck for a limited period of time- I call that gambling - however the risk will always catch up one day. There are winners in this game.... these are the ones I listed above with a real, existing tempory or permanent edge in the market. They need the real economy and the retailers in their business model to make profits. And they do and you will pay them...
Agreed... however, there are some still making profit & continuously... those are experienced & knows what forex all about
It is the dust where you came from & it is the dust where you shall return
  • #480
  • Apr 25, 2017 9:52am Apr 25, 2017 9:52am
Quoting HudithePfupf
{quote} Trading currencies is a negative sum game for retail forex traders.... it is mathematically close to impossible to win in the long run. It is possible to win big with high leverage based on luck for a limited period of time- I call that gambling - however the risk will always catch up one day. There are winners in this game.... these are the ones I listed above with a real, existing tempory or permanent edge in the market. They need the real economy and the retailers in their business model to make profits. And they do and you will pay them...
this is a very bad thing to do if you are prone to a gambling addiction that is without doubt true and you are again without doubt right about some brokers but than it's also true that some people are making regular money from trading and i don't believe the stories about the guy that become a overnight billionaire with just a start up deposit of $1000 but i do think it's a winnable game
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