Most profitable Trading System?

 

I have searched a long time though various trading systems.

But I did not find a system which convinced me.

Maybe some experienced traders could say me, what is the most profitable trading system, what system makes really sense.

You could differ the systems for longer timeframes and for shorter timeframes.

Hope for help.

 

The perfect trading system is done with a demo account. There you can work out your own emotions, risk management and indicators.

A word to the wise when trading demo accounts - make sure that you somehow reward yourself for winning and punish yourself for loosing. The emotional connection between winning and losing is very tightly tied to the system that you use. A demo account and demo trading is worthless if you can not use it to also train your emotions which can be as large of a factor as the market itself.

Nothing will have you risking more than you should or second guessing your decisions like a little skin in the game.

 

Okay thanks for your answers.

 

A typical Igor post...

Many words but saying noting...in BAD English.

Lux

PS: Oh I see what you're doing now. You stuck that link to your "system" post right at the end to try to snag some unsuspecting newbies to sign up and pay you your monthly fee. You're a sneaky one for sure!

 

This is a posting that I made 2 years ago on the SBFX forum but it still stands.

Hi,

Over the last months I recieved many times the same question..

Could you please help me in pointing me to a good system...or can you tell me wich system on this forum is best for me. Or wich of the systems you use makes the biggest profit.....

It is an important question so I wanted to open a topic on it because I think it will help some of you a little bit.

It is absolutly impossible for someone to say to you what system you should follow.

It is the same as I would say to you what you should eat or what clothing you should were or what car you should drive.

Each trading system has its own specific trading caracteristics.

People think that the important thing is to JUST FIND a profitable system. But it is not.

As Chuck Goslin writes in his book Intelligent Futures Trading p.15:

Before attempting any activity, examine yourself realisticlly.

Learn your capabilities; Recognize your desires.

Determine what you can and can not do.

Discover what you want and do not want to do.

Accept what you might and might not be able to do.

Acknowledge what you will and not will do.

To achieve the best results, find that point where your abilities and inclination, your capacity and desires, most closely overlap.

Only you, trough self-knowing, can discover this optimum point.

This all sounds like a lot of blah-blah but it is not.

To give you an important example:

If you are a person who is sitting all day long in front of his pc and you watch every tick developping on a chart and you try to follow the Hans123 or volatility breakout system (2 very robust and reliable systems) you will do very bad. The reason is that you will try to interveen when you see a position giving back profit or going in to loss. And an important rule is that you need to follow the rules of a system 100% no matter what happens.

Once you started to interveen ( even if it saved you money) you have no longer a system. And you will see that the system over a longer period of time will do a lot better then you.

The same goes for swing trading systems. You have positions between 2 and 7 days. During that time you will see the price moves a lot in your favour or giving back profit). If you sit all day long in front of your pc you will try to interveen in those movements. On that moment you have lost your system.

So it is up to you to find out what you want and not want. What your capabilitys are. Write them down. And then start to look for a system that fits in your profile.

See it like this, you need to make a walking trip of 20Km. And you don't have any shoes. But you are very determind and whatever it takes you will and you gonna walk those 20Km. So you ask someone for shoes. The only thing he has is a pair of rubber wellington boots who are even 2 sizes to big. You think to yourself: if I REALY want something I will get there. Well that is not true. The chance that you will need to quit after 5km because your feet are full off blisters is very big. Even if it is not after 5km the chance that you will make it to the finish with those rubber boots is almost zero...

So you need shoes who will to do the job. Your shoes need to match your profil as a walker.

Same applys to a system. You need a system that fits your profile. Even your mind can be set in such a way that you say, that system is profitable but it does not fit my profile but I gonna follow it with the nescassery discipline no matter what it takes....I garantee you that over a longer period of time you will not succeed.

Never and is say it again NEVER try to change your personality to a system because after some time your personality will take the overhand and you will not follow that system anymore.

If you don't follow the rules of a system for 100% then you become a discressionary trader again with all the results of that sort of trading.

If you would be a good discressionary trader you would not be here looking for a system.

Don't get me wrong and I don't want to sound as a teacher but to many people are sitting here and are only looking for a system or a method or an EA or an indicator that could make them earn money( I see people using or testing EA's for weeks and they don't have the faintest idea or any clue what that EA does). They are not interesseted in becoming good traderstrue gaddering as much knowledge as possible. And with this knowledge trying to build their own strategys or systems. They are only interesseted in trying to earn money and as soon as possible and it does not matter how or with what.

Those people will never walk the path of succes.

Earning money true following a canned system over some period of time is not the same as beeing a succesfull trader.

Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work.

With this topic I'm not trying to be a wise guy what so ever but I'm trying to help a little bit of those who are walking in the dark or who think they know more of trading then their neighbour and by this they think they are a trader.

And I hope this topic could help you a little bit in your quest to become a good trader.

Remember this: a good trader is not just a good trader. Once he is a good trader he becomes an expert on the field.

friendly regards...iGoR

PS. Or as I posted yesterday https://www.forex-tsd.com/forum/commercial-talks/8365-zorro-trading-group-by-fxigor/page41#comment_295911

 

Oops I just found out that the 2 links in your signature belong to the same owner

How do we need to see this....deversification of information or conflict of interest....

It is clear that one of those sites is a commercial platform site....

Anyway when I read over this topic https://www.mql5.com/en/forum/178080 then new digital has banned members for very similar reasons.

I wonder what he will think about this....

Adieu...

PS. Don't bother changing your singature and or your postings...I took the nescessary printscreens...

 
luxinterior:
A typical Igor post...

Many words but saying noting...in BAD English.

Lux

PS: Oh I see what you're doing now. You stuck that link to your "system" post right at the end to try to snag some unsuspecting newbies to sign up and pay you your monthly fee. You're a sneaky one for sure!

If you feel that I say nothing usefull then there can be only 2 possibilitys.

Or you feel that you are not pleased with what I wrote because you expected something different to read in this topic ( with what system you can earn the most money--wich is a newbies mentality)....or ...it must be that you have more interestings things so say.

If your posting is based on the 1st possibility then I don't give a damm.

If your posting is based on the 2nd possibility then lets us all hear what you have to say and how you can enlighten us all....

Or will your answer be: click on the link in my signature and learn how to program yourself...

PS. about posting a link, if that was my intention mr Smart Guy (who has 2 links in his signature to attracked people from this forum to his website), then I would have the link of my topic in my signature and start posting from morning till evening in every possible topic.

When I posted that link, I took only that posting and not the whole page of that posting that would have shown a lot more information of my topic. If that link says zorro trading group, that is because how a link is shown.

I keep my personal vieuws and my commercial topic stricktly seperate. I hate spamming. Aspecially in signatures.

Here is a nice example of how someone wants to help but not here on this forum https://www.mql5.com/en/forum/178676/page6

If you would not understand what I wrote here then maybe we can communicate in French.

Adieu.... ( That's French ... an online translater will give you the translation)

 

Interesting

 
iGoR:
This is a posting that I made 2 years ago on the SBFX forum but it still stands....

Igor,

Great post.

 

Patience Baby!

From my experience the best trading system is "patience", lol... If there is a forex "holy grail", I haven't found it. However, more to your question: if you apply "filters" to systems that you know are profitable (and there are a lot of them, they just tend to be streaky), you will do very well in this market. Filters will help you weed out most of the bad trades. I know now from my own experience and from mentoring other traders; most new traders fail for 2 reasons:

  1. Over-leveraging their funds (400:1 is crazy!)(even 200:1 is too risky)
  2. Forcing trades when market conditions aren't set-up yet

Most new traders want the "get rich quick" plan, instead of a well planned "slow n steady" approach. I shoot for about 20% per month, but usually do much better than that. Keep your goals realistic, your leverage low and your patience high...

 

hi

agree with u riffster , slowly but sure , stable 5% a month better than 200% a month then colaps

follow your rules consistently

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