The quest for the best forex trading system
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Thread: The quest for the best forex trading system

  1. #1
    The best information for the eager newbie is learn a system perfectly and trade it with discipline.

    I want to be as good as the very best trader in the entire world. What's that trader's typical pip gain/loss per trade? What's thier percentages of wins/BEs/losses? What's their record for wins in a row?

    It is very obvious to me that it is about the pips. If your system works, it isn't important if it is big wins and frequent tiny losses or infrequent losses and consistant tiny wins. It is all about the pip profit for your trading career.

    While important, I don't mean for this to be a discussion of plogy. It is a discussion of, what's the record for getting pips, and what's the ideal system, and what makes me the most money?

    My purpose is to discover the system with the most infrequent losses, so that I will boost my position size. In the event the case of a couple losses, I'd reduce my risk level per trade until the system is improved or the system wins back outside where I was before the reduction.

    Long article but I think I superb topic value your time to talk. There are many fantastic systems already on this forum that anyone would be happy with if they perform as intended, but this really is all about the ABSOLUTE BEST

    Thank you in advance and good trading.

    P.S. I was inspired by a show on dice controllers playing craps. THey are beating the casinos consistantly. Dude has a method, a system of subject and consistancy. It happened to me that it'd be less sexy but more profitable to look for the best possible system in forex. And so long as you have a good broker, the market will not get wise to your winning streak, and you don't have to fly all over the world to different casinos to avoid heat

  2. #2
    There are no one perfect system and also to search for one is a futile pursuit.

    In racing, you have to change and set your car up for oval tracks in an entirely different manner than if you are racing on a straightway.

    Forex is absolutely no different.

    The market is fluid and is continually transitioning from trending to ranging and back again. No one system can out perform others in these states.

    The best advice I can offer as a professional trader, is not to search for a holy grail, but acquire and change several systems to match each transition of this market. Your goal shouldn't be to make money, but to be the best trader you are. Greed kills.

  3. #3
    Someone correct me if I am wrong.

    The longer term your transactions, the more you make on ordinary, but the more consequetive losses you've got.

    Cyclical and volatility traders have a tendency to have a high winning percentage however, do not make much each trade. Trend-based systems have a tendency to acquire a lot of profit from a small number of huge wins.

    I like taking a look at the systems on collective2.com to get an idea of the characteristics of various kinds of systems. If you do that, make sure you look at all of the stats until you choose a system seriously. As an instance, you can get 100% success rate by just not shutting your losing transactions. I also try to ignore systems that don't possess a large trade history.

  4. #4
    Quote Originally Posted by ;
    I want to be as good as the best trader in the world. What is that trader's average pip gain/loss each trade? What is thier proportions of wins/BEs/losses? What is their record for wins in a row?
    Read Market Wizards and The New Market Wizards. . .Those 2 books include the answer to your question and to even more questions Which May arise in the long run...

    By the way, the two books are cheap, you can find both on Amazon for less than $30 both...


    Thanks,

    Nader

  5. #5
    Quote Originally Posted by ;
    Grab a cup of coffee and begin back studying...

    Mike...
    LOL, well that has enabled me to develop the egies are currently wroking for me, and I mean to grow improved and better egies in my as time passes, I'm just looking for a few of the very best.


  6. #6
    Quote Originally Posted by ;
    There are no one perfect system and also to hunt for one is a futile quest.

    The best advice I can offer as a professional trader, is not to look for a holy grail, but obtain and change several systems to match each transition of the market. Your goal shouldn't be to make money, but to be the very best trader you can be. Greed kills.
    I agree with you 100% That is just what I am looking forward to doing, trading in the peak of chances. Sure Faith kills, but you know go forth and multiply!

  7. #7
    Quote Originally Posted by ;
    Someone correct me if I'm wrong.

    The longer duration your transactions, the more you make on average, but the more consequetive losses you have.

    Cyclical and volatility traders have a tendency to have a high winning percentage however, do not make much per transaction. Trend-based systems have a tendency to acquire a lot of profit from a small number of huge wins.
    I would say you are more or less appropriate, that trading egies generally tend to behave like that. Nonetheless, it isn't a hard and fast rule, that is to say, it's possible to trade high probability transactions, and take home enormous gains.

    An ideal example would be the Vegas 4 hour. Where it is said that at least 25 000 pips per year are possible. I'm not sure what people's winning percentage is, but it seems to be high.

    When a guy is batting .350, he doesn't say, well I'm doing good, I think I will just maintain if he's great he continues to grow, so he can hit .400 and boost his RBI's and HR's. That's what I'm thinking. There has to be always a better method. Like it's been said earlier, if your egy could be changed to net an average of two additional pips per transaction, that's big gains over annually.

    So I'm more looking to find not a holy grail but a really large batting average, because there is no logical reason not to.

  8. #8
    Quote Originally Posted by ;
    Read Market Wizards and The New Market Wizards.
    Thanks man I'm starting the first one so far it is mostly about fund managers etc.. . Very good however, thanks!

  9. #9
    A lot of systems use discretion. What I want to check?

    There are many numerous systems, but a few are much better than many others, we could all agree. One must be better than all of the others. This system would have to incorporate different market requirements to be regarded as versitile enough to be the (greatest )

    One method that I have seen which has turned many a trader profitable is that the bunnygirl cross below wma cross moneytech.

    Ok, thanks for the replys, today, what's your best trading system?

    Thanks

  10. #10
    I believe what you're searching for are specific numbers well, the best trading platform can mean different things to different men and women. I like return on account and profit element. I believe fire horse once told me he liked low drawdowns. For some it may be online profit.

    And then there is the time that a system has been in that market is one year trading satisfactory to you or would you rather a system that has been trading for five.

    I believe a portfolio of different systems is best. Breakout systems do nicely occasionally and trend following systems perform better, other timesthey can balance out each other.

    Over the years I have personally tested literally hundreds of systems. Out of these. You will find 36 systems that fulfill some certain criteria that I have. And only seven that I would personally use in my portfolio.

    And from these 7, I've altered everyone of them to meet my specific trading comfort zones.

    So that system is the very best it is an impossible question as I don't know everybody else's approaches.

    But if you do need to know the systems that are currently available on the market. There are several areas you can check, and I am talking only third-party watchdogs who keep a history of systems. Such as

    collective 2
    future magazine
    Striker securities
    Attain
    Trade centre

    Because I don't know your exact criteria for what is the ideal. It is possible to just look at all the websites and judge for yourself.

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