This is the only thing I have learn after 1 year of trading, and I'm sure that it's completely true:
- You have to follow your method, if you don't have a method or you don't follow it, you will fail.
- If you have a method, you can write it and backtest it from past 10 years. If your method can't be coded, you don't have method. If you test your method back 10 years and your method fails, you will fail.
If you don't follow literally the 2 points of above and you don't fail, that's only because 2 reasons:
- You have privileged information or
- You have too much lucky, but you will lose it soon
Wake up! Human intuition doesn't exist.
Admit the truth: YOU CAN'T PREDICT THE FUTURE.
I think this truth is unquestionable, but I have found it after a year trading, so my goal now is: if I can't write a profitable EA for the past 10 years, I will not ever trade.
Because the only reasonable thing in this market is to write an EA and put it to work, there is no reason to trade manually, that's because 95% of traders fail, the rest 5% are brokers, traders with good EAs or very very lucky traders (maybe the 0'1%). You can say to me: hey man, I only trade during news and there is no EA for that, well, YOU'RE WRONG, you can write an EA for trade during news times, in fact there are lots of EAs that take the hour of the new from a web page and trade it. YOU HAVE NO EXCUSE, if you don't write a method that works for the past 10 years, you always fail, doesn't matter that you trade automatically or manually.
You will not find a profitable commercial EA, if I would have a profitable EA, why to sell it? I could became rich by using it, not selling it. So YOU have to learn and write it, there is no other way.
This is the truth, admit it.
- You have to follow your method, if you don't have a method or you don't follow it, you will fail.
- If you have a method, you can write it and backtest it from past 10 years. If your method can't be coded, you don't have method. If you test your method back 10 years and your method fails, you will fail.
If you don't follow literally the 2 points of above and you don't fail, that's only because 2 reasons:
- You have privileged information or
- You have too much lucky, but you will lose it soon
Wake up! Human intuition doesn't exist.
Admit the truth: YOU CAN'T PREDICT THE FUTURE.
I think this truth is unquestionable, but I have found it after a year trading, so my goal now is: if I can't write a profitable EA for the past 10 years, I will not ever trade.
Because the only reasonable thing in this market is to write an EA and put it to work, there is no reason to trade manually, that's because 95% of traders fail, the rest 5% are brokers, traders with good EAs or very very lucky traders (maybe the 0'1%). You can say to me: hey man, I only trade during news and there is no EA for that, well, YOU'RE WRONG, you can write an EA for trade during news times, in fact there are lots of EAs that take the hour of the new from a web page and trade it. YOU HAVE NO EXCUSE, if you don't write a method that works for the past 10 years, you always fail, doesn't matter that you trade automatically or manually.
You will not find a profitable commercial EA, if I would have a profitable EA, why to sell it? I could became rich by using it, not selling it. So YOU have to learn and write it, there is no other way.
This is the truth, admit it.