Important – Why systems are profitable (or not) - Page 2
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Thread: Important – Why systems are profitable (or not)

  1. #11
    Quote Originally Posted by ;
    the instructor stated that the most prosperous trader he knows trades only 1 set up, and will wait months, if necessary, for this to happen.
    David
    How does he define powerful? 100% winning trades for a whole year? (Next time you are in possession of a fantastic commerce, wait for a year and a day, and say you did that...)

    And, imagine should, after months of waiting, the guy misses the transaction? DOH!

    (I anticipate if it is that much of a long-term egy, the entry is not terribly critical, so maybe the man's allowed to sleep during those weeks...)

    Hey, whatever works...

  2. #12
    Quote Originally Posted by ;
    However, I guess it is debatable as to how adaptable one's strategy must be, and at just what way(s), to make it as optional. David
    To me, if a trader doesn't take every signal, then it is optional.

    If an EA can do it, then it is mechanical. If it's mechanical, each trader should find exactly the same results with it as long as the rules are followed to the letter. They're a trader.

    That's my take on it.

  3. #13
    Quote Originally Posted by ;
    How does he define powerful? ....
    Blue, apparently he's an expert in reading MACD divergence on the 1hr/4hr charts. He specializes in trading the GBPUSD, and generally makes trades per month. He's currently (well, in exactly the time that the demonstration was listed ) trading 200-300 standard lots per place.

    No doubt there are some great stories out there! Read this whatever you will. I am just the messenger.... Please do not shoot me!!

    David

  4. #14
    Quote Originally Posted by ;
    Blue, seemingly he's an expert in reading MACD divergence on the 1hr/4hr charts. He specializes in trading the GBPUSD, and generally makes trades each month. He is currently (well, in exactly the time that the presentation was recorded) trading 200-300 standard lots each place.

    Without doubt there are some fantastic stories out there! Read. I'm only the messenger.... Please don't take me!!

    David
    Sorry for the sarcasm, cynicism, and negativity. I was testing the individual you quoted, not you David, if that helps any.

    Yeah, I think I could live on 1 good trade weekly, with 200 - 300 regular lots, hell yeah! Count me in! Just gimme 2 pips per trade and I'm good to go! (Actually, maybe he is not that much of a professional trader today that I consider it.... But that doesn't mean he is not extremely wise )

    Reminds me of skunny saying you can exchange 100%, but you are going to lose a lot of pips doing it. Hey, it is a egy that is fantastic if you have the funds and the system - be the sniper.

    The more I consider it, the more I'm starting to enjoy it. Less time at the market less stress. One pair, only test it every hour.... Entrances could be automated while the setup is near complete.

  5. #15
    Quote Originally Posted by ;
    Magnum, thanks for sharing. You make perfect sense to me.
    Converselythere are folk here who believe that we can profit using completely random entries, i.e. managing exit in itself provides us a good enough edge, but I can not see how that's possible.
    I'm new to FX and earlier studing anything before knowing what a pip was, I had this thought. I will examine it to see how it works in the demo

    btw thanks to the thread, very interesting. I just found StevieT process yesterday, and I'm likely to test a comparable but more conservative eegy with EURAUD, maybe with RR of 1:5

    sorry for the non-technical superficial post:S, I'm just learning...

  6. #16
    Quote Originally Posted by ;
    I'm new to Foreign Exchange and earlier studing anything , even before knowing what a pip was, I had this thought. I'll test it to see how it works in the demo
    Hello C26000, welcome to Foreign Exchange and also to FF!

    The risk is that you experience a lucky run during the exam, then believe that it works.

    You might choose to read David's ('s) other posts on the subject. It's been mathematically and logically proven that this will not work.

    Https://www.forexsoutheast.asia/fore...al-2008-a.html

    https://www.forexsoutheast.asia/cryp...t-refresh.html

    which may be more than you need on the subject, but complete, the reading ought to be informative.

  7. #17
    Quote Originally Posted by ;
    Blue, apparently he is an expert at reading MACD divergence about the 1hr/4hr charts.
    David
    I wonder how he did that week. I just put it on a chart (needed to go searching for the MACD indior). We have had bearish divergence on the E/U and G/U, 1H charts since last Thursday, and whoops! Away she goes, into the blue.

    IMO, that you know, he's doing a lot more than just MACD divergence. I will bet with transactions that big, he has a couple favorite entrances that are phenomenal, to avoid drawdown - 3000 per pip!

  8. #18
    LOL, it's worked for the last 6 months over 750 transactions but OK

    that I know it works for me, my investor knows it works for him - 6 consecutive profitable months so neither me or he's complaining.

    Kind Regards
    Steve

    Quote Originally Posted by ;
    Hi C26000, welcome to forex and also to FF!

    The danger is that you experience a lucky series throughout the test, then believe that it works.

    You might want to read David's ('s) other posts on the topic. It has been mathematically and logically shown that this won't work.

    Https://www.forexsoutheast.asia/cryp...ge-indior.html

    https://www.forexsoutheast.asia/cryp...ws-indior.html

    That might be more than you want on the topic, but overall, the reading ought to be informative.

  9. #19
    Quote Originally Posted by ;
    LOL, it has worked for the previous 6 months over 750 trades but OK

    I know that it works for me, my investor knows that it works for him - 6 consecutive profitable months so neither me or he is complaining.

    Kind Regards
    Steve
    Hi Steve,

    Are you saying you use completely random entries?

    Is this the sl 1000, tp 50 method I read somewhere?

    Thanks,

    Rob

  10. #20
    Quote Originally Posted by ;
    Hi Steve,

    Are you really saying you utilize completely random entrances?

    Is this the sl 1000, tp 50 method I read someplace?

    Thank you,

    Rob
    Sorry Rob for being a little short with you. I have just got in from a different hard day's slog at the office lol.

    It is this procedure, however entries aren't arbitrary - I trade within a range taken from the daily charts and am on the lookout for certain points or areas of entry. But, due to the massive halt loss (pip shrewd, not% shrewd ), entrances are far less important than most conventional procedures.

    Kind Regards
    Steve

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