Wrong, mostly the systems based on fixed rules are crap and they work only a limited amount of time, usually until the market behaviour changes subtly. nahman, use you system 2-3 years, you can't draw a conclusion after 2 or 6 months.

Re-assessing usefulness of a trading system

If somebody really wants to destroy a thread it is enough to post how much he/she is making every day/week/year. If one could make 10% a week he must be somewhere on a yacht enjoying the weather and not typing useless posts on a forum. 2 big reasons ...

Thoughts on 50:1 Leverage

If your system loses at 1:1 it means that your entries are worse than random and you could have a winning system by simply inverting the strategy, sell instead of buy and buy instead of sell. Also, you should enter in the trade AFTER it reached 1:1, ...

Always Trading With a 1/1 RR Ratio

It is unclear what you are not sure about, as you quoted my whole post, and what you system exactly does.

Always Trading With a 1/1 RR Ratio

I adjust it according to SL but if I'm going for 1:3 or more I know that I'm going to lose more trades trades than at 1:1. Therefore, my drawdown will be higher which would make me automatically to risk less. If I risk 3% for 1:1 I think I can't ...

Always Trading With a 1/1 RR Ratio

An advantage of 1:1 is that it keeps the drawdown to a minimum and the trader can risk more on a trade than one who expects 1:2 or 1:3. This of course applies only when the stop is far enough and it's going to be hit only if the market really ...

Always Trading With a 1/1 RR Ratio

Razzle, don't worry. Some will never understand or accept that MM is only a tool, necessary to trade profitable but very far from being sufficient. Anyway, for those who believe that MM is very important but don't have the brain power to discover ...

Professional forex traders

Either you call it Cote D'Azur or French Riviera. Very important to know the names of the regions where you want to live.

Best place in the world to trade from?

Dear Most Precious Sir, I want we to ask you, if you new customer accepts. Thank you and High health to your excellency PS. What is a 'dammit bitch?

Why are most retail traders usually on the wrong side of the market?

I think he added only during the London/NY, after every IB. It is better to liquidate after a certain time, like N days, instead of trailing stops or touches of moving averages. I don't like using indicators at all.

The DIBS Method... No Free Lunch continues

Yeap, hourly charts. And exactly after the rules of PC.

The DIBS Method... No Free Lunch continues

In all these conspiracy topics the participants are making 2 mistakes. 1. They suppose that there's a very limited number of smart players out there speculating and everyone waits for the other to finish his game. 2. They don't understand that, in ...

Question on how price moves

RussiaTrader, remember me? BUT, big surprise, I'm not here to tell that this system doesn't work. If you would have traded, from the beginning of this year, the 3 majors (EURUSD, GBPUSD and USDJPY), taking all signals and taking profits after ...

The DIBS Method... No Free Lunch continues

RussiaTrader, remember me? BUT, big surprise, I'm not here to tell that this system doesn't work. If you would have traded, from the beginning of this year, the 3 majors (EURUSD, GBPUSD and USDJPY), taking all signals and taking profits after ...

The DIBS Method... No Free Lunch continues

NFP is worse than expected and the german economy is booming, and you want to buy dollars and sell euros??? If you're looking back in 2008, when the dollar appreciated considerable, you must keep in mind that all economies were in deep shit and it ...

risk appetite on - risk appetite off - how it affects the fx market?

Possible errors that you've made: - you backtested during a trending period - you didn't consider the spread - the program has a bug oh dear....

Random entries discussion...

Yes, but people lost going short on cable because the chance of a trend continuation was very big. There is no such thing as "a bigger chance of red over black" on a roulette wheel. If all the people would bet on black everytime after 20 reds they ...

Why are most retail traders usually on the wrong side of the market?

I don't see the analogy. Red comes 20 times in a row. All players bet next on black. So what? Red has 50% chances, black has 50% percent (we exclude 0, 00 or acts of God). Either all win or all lose. In forex there are moments when there is a big ...

Why are most retail traders usually on the wrong side of the market?

25 in a row happen once every 64 years, if he manages to throw the ball every minute, 24 hours a day, 365 days. The vast majority of dealers will never see it happen and even if a casino has enough roullette wheels, such an event is extremely rare. ...

Why are most retail traders usually on the wrong side of the market?

Use the video downloader extension for Firefox or the free software JDownloader. Save the movies on your disk and you'll not have problems anymore.

Billion Dollar Day - Documentary 1986