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5 years and still no strategy

  • #2,281
  • May 27, 2017 3:16am May 27, 2017 3:16am
Will this strategy will work

trust losers........... they tell you how to win!. Find the worst trader will always lose and use the MT4 trade copier to open an close on opposite direction. If you trades loss 100$ you will will 100$
  • #2,282
  • May 27, 2017 3:39am May 27, 2017 3:39am
Quoting comeback2000
Will this strategy will work trust losers........... they tell you how to win!. Find the worst trader will always lose and use the MT4 trade copier to open an close on opposite direction. If you trades loss 100$ you will will 100$

Not so easy, otherwise brokers would own a Hedge Fund as well.

I guess only 1 random strategy out of 1.000.000 can turn into profitable.. not worth trying.

By the way I don't really care about the BS, I'm independent so it's actually entertaining.
  • #2,283
  • May 27, 2017 2:19pm May 27, 2017 2:19pm
No trading strategies can works forever. You need to keep updating, optimize etc according to what market condition you are trading with.
  • #2,284
  • May 27, 2017 2:30pm May 27, 2017 2:30pm
Quoting dehase
{quote} Hi, 5 years still no strategy is totally normal. I took 8 years to know a strategy is needed and started to build up my own one. It then took again 2 years and now I finally have my own which is fits me personally. I think you are in right way. What you need is just time and keep searching. If you give up now and the time and the force you have made before are all gone, is it really you want? good luck.
the most valuable post in this thread - thanks

Quoting JamesFaulkn
No trading strategies can works forever. You need to keep updating, optimize etc according to what market condition you are trading with.
price action always works
Trade or not to trade - that is the question...
  • #2,285
  • May 27, 2017 11:27pm May 27, 2017 11:27pm
Quoting JamesFaulkn
No trading strategies can works forever. You need to keep updating, optimize etc according to what market condition you are trading with.
The ones I use do. Nothing to update. Every day, price makes a high and low. Every day, price reverses off the high and low. Market condition makes no difference.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,286
  • May 30, 2017 5:50am May 30, 2017 5:50am
Quoting MichaelG
{quote} Hi Cindy, I see Wally WolGod didn't come through with his promised trade. He is definitely giving Aussies a bad name. I can only hope he doesn't really live here. What a dropkick. All blowhard, rubbishing everyone and everything if they don't agree with him. Though it would be hard to know how or what he actually trades, and therefore allow others to offer an opinion about how he trades (as he is very willing to offer HIS opinions about others)...... because it's all a BIG secret. You are a joke WolGod.
He said in my thread to hold long on the AUDUSD pair which I had 30 pips profit with 10K lots. He said there's 1000pips to the upside.
Effing crazy if I hold it so long, imagine how much emotion I should hold and the overnight fees!!!

Yes he is right that AUDUSD could have 1K pips to the upside, but I won't hold too long and go through many many storms on the way up.
This is not investment/trading advise. Will not hold accountable for loss
  • #2,287
  • May 30, 2017 12:32pm May 30, 2017 12:32pm
Quoting nealpek
Just for the hell of it, I'm bored. Here is a 15 min U/J chart. I once posted a chart showing opens from Japan, London, and NY, and about 15 people shoved daggers up my ass how irrelevant the info was. I've been using it for years, but not the way most on these boards do. It's used if I may borrow the term from SKFX as reference points to keep an eye on. I don't use the opens number to trade, I see how price dances around it to give me clues about direction. To be successful, you can't trade like everyone else does. Theres a show in my neck of the...
good post... where would you enter? In anticipation of breakout or in anticipation of retrace or in anticipation of bounce back? No doubt you are profitable... perhaps the only one out here... but How many trades/pairs and for how long can we trade like this?
Staying in my lane...
  • #2,288
  • May 30, 2017 12:36pm May 30, 2017 12:36pm
Here's something I try to do in my strategy

https://www.forexfactory.com/showthread.php?t=7441
Attached Images
Staying in my lane...
  • #2,289
  • May 30, 2017 1:04pm May 30, 2017 1:04pm
Quoting nealpek
In my opinion Vee, more frequency does not translate into better win ratio, or more pips. Trading at the right place when the opportunity is there, with the least risk is what I aim for. All markets go bid, then they go offer. When the offers replace where the bidding was, you have an interesting place to put on a trade. In essence always on the retrace or pullback. Why trade anywhere else if your right?
Trading at the right place is always the key.

I had some down time this past weekend so started a demo attempting a profit factor 'target' of 10+ as I found a way to make my per-trade TP setting also universal (similar to my entries, exits, SLs etc). I have never ever traded with pre-defined TPs ever.

Let's see if this discovery holds any merit by month end. Instead of hard TPs, I have another EA doing my exits at the TP level.

EDIT: I think I can achieve a PF of over 20+
Staying in my lane...
  • #2,290
  • May 30, 2017 1:23pm May 30, 2017 1:23pm

Quoting JamesFaulkn


No trading strategies can works forever. You need to keep updating, optimize etc according to what market condition you are trading with.



price action always works

1st statement complete hogwash! 2nd statement makes no sense whatsoever, unless you can define what "price action"is. 100 traders will tell you price action is 100 different things. Walking always works! But which way are you going?


  • #2,291
  • May 30, 2017 1:31pm May 30, 2017 1:31pm
Quoting nealpek
An interesting way to TP!... I find discretionary profit taking more to my liking as the market needs to give me clues as to what it wants to do. Programming in a hard TP doesn't necessarily take into account stop hunts into pockets of liquidity etc.
I will explain in detail a bit later... i am gaining a PF of about 0.01 every hour / 4 hours
Attached Image
Staying in my lane...
  • #2,292
  • May 30, 2017 1:38pm May 30, 2017 1:38pm
VEEFX: but How many trades/pairs and for how long can we trade like this?


AS MANY PAIRS AS YOU LIKE AND
FOR AS LONG AS THE MARKETS CONTINUE TO EXIST!!!

Last point. If you trade only large TF's like weekly, skim down to the lower frames to grab more detail, which will allow you to tighten your stops, add positions along the way, without that 1 time being wrong giant drawdown.
  • #2,293
  • May 30, 2017 9:24pm May 30, 2017 9:24pm
hi veefx ,

i don't know why you delete your live trades images . i have been studying them . it's ok though maybe you don't want to show off .

Are you still implementing Pipeasy strategy ??

If you are please can you help me clarify my question ? i have been follwing you and studying your post for some time now .

when do you move your stops to BE ? until danger is gone or breakout ??

I found it very difficult to handle the losses when i stack 3-4 position and market is stalling and all of them hit my SL without the chance of BE .

I also beleive my enteries are good too . (pin , engulf or anything that looks good ) ,and i am not overtrading ,


I have tried the 2 entery position hitting 1:1r and the half to run , but i found that i have much more drawdown and lesser profit . And makes me scared to get in trade when the market is moving .

can i get your suggestion .
  • #2,294
  • May 30, 2017 9:47pm May 30, 2017 9:47pm
This is probably all TE is good for.
Showing actual trades.
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  • #2,295
  • May 30, 2017 10:19pm May 30, 2017 10:19pm
Quoting VEEFX
{quote} Thanks Neal. I mean how long can we "as traders" trade like this? It's exhausting (for me) to flip charts and wait for setups
How else do you propose we trade? Flipping is silly but waiting is necessary(The patience is what separates the winners from the losers)
"The fun is in the hunt. Not the kill."
  • #2,296
  • May 31, 2017 3:18am May 31, 2017 3:18am
Quoting VEEFX
{quote} I will never put my real account in a TE or myFXbook... just for this very reason plus TE cannot hide my open positions.
For what reason? Open positions? Serious?

TE is horse shit my % goes up even when i havent traded. What im saying is this shows your skill.
Post some actual trades.

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  • #2,297
  • Edited 10:12am May 31, 2017 9:56am | Edited 10:12am
Quoting VEEFX
{quote} Thanks Neal. I mean how long can we "as traders" trade like this? It's exhausting (for me) to flip charts and wait for setups

I agree, it's really difficult. After "i've been there done that", staring at charts with ferocious intensity, and scared of every tick up and down, staring at a DOM watching it inch up or down, time and sales, etc, something was wrong with the lifestyle I chose. I was now missing family time, wife was on my back blah blah. I then realized there had to be a simpler way of breaking down the vast and infinite amount of data and numbers being thrown at me and went counter to many "good traders" on these threads, who say they don't need charts to trade. That is true, and a proper DOM is all you in fact really need to trade. However, there is a cost of trading only the numbers or order flow. You are tied to your screen and can't leave it. So I took a candle chart, ignoring what the actual candles look like, and began marking points on my chart where something interesting happened on a DOM. By looking at a 5-15 minute time frame, along with reference points discussed earlier, events in the DOM began to carve out areas and levels on a candle or bar chart, where I could visually see those levels without staring at a Dom or time and sales. This epiphany actually allowed me to trade a regular chart without having to be married to every tick as certain phenomenon eventually keep repeating themselves over and over. There will be those that say it's impossible to trade from a chart, but I say not true. If you are scalping the emini for 5 or 6 ticks, then yes the most instantaneous info is required. But if I take a step back and say shoot for 30- 60 pips in a move, I can remove myself somewhat from the absolute right now trading which doesn't fit into my life. Screen time is definitely required, however, removing my focus from the super micro analysis essentially freed me. For me, reference points are super important, as well as some understanding of flows of money between currencies. By incorporating these into my trading, I find it easier to look at a chart, and see what side of the trade I should be on. Doesn't work every time, but everything comes with a cost. Sure I might miss a few trades or get stopped out, but not being married to my screens is a tradeoff I'm very happy to indulge! BTW, on WOLGOD's chart above, the second I looked at it, my eyes saw a trade long. I didn't need any fancy gizmos and gadgets to arrive at that conclusion. My approach says trade more lots when a nice setup occurs, rather than trade less lots but more frequently, for each time you enter a trade, there is a corresponding risk factor to consider. Time is your only friend when you enter a position!
  • #2,298
  • May 31, 2017 10:41am May 31, 2017 10:41am
I think you should try to learn fundamental indicators. just like technical indicators there are leading and lagging fundamental indicators which help to predict market 1-6 months in advance for example ISM numbers is one of the leading fundamental indicator. when you plot a long term chart of ISM number you'll see that the GDP will increase and decrease with ISM numbers the data is seen over 50 years time period.
we retail traders are mostly truck with technical analysis but the truth is that market moves according to fundamentals have a bigger picture in mind and when all the stars align that is fundamantal and technical then pull the trigger.
I think you should search more about leading and lagging fundamental indicators which are mostly used by big funds and investment banks.
also look out for implied volatility
  • #2,299
  • May 31, 2017 12:14pm May 31, 2017 12:14pm
Quoting WolGod
{quote} For what reason? Open positions? Serious? TE is horse shit my % goes up even when i havent traded. What im saying is this shows your skill. Post some actual trades. {image}
You have a TE now congrats, however I cannot find it linked to profile.
Read in between the price!!!
  • #2,300
  • May 31, 2017 1:08pm May 31, 2017 1:08pm
Veefx, I took a look at pip's thread, the one you said you are basing your trading on. His method is long term investing, which in my opinion is another way of creating wealth with no stress, just like investing in the stock market after a crash. You buy stocks at a discount and ride out a 6-10 year market, glancing at it from time to time and adding positions along its curve. I may be mistaken, but if you are following pip's path, why are you scrutinizing such short term moves when the bigger picture is what you are following? I do both. I "play" for daily gains short term, but use investing in the background to increase wealth. Although if played correctly, daily gains can be very lucrative, they both can work. It just depends on what you are seeking....
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