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Thread: What constitutes a good trading system?

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    What constitutes a good trading system?

    (1) It must give you a consistant profit under all kind of market conditions.
    (2) It should not take more than one hour of you time per day.
    (3) It should not require any human justments when it is applied. (justments = emotions)
    (4) It should let you earn while you sleep.
    sm_cool

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    Bullish arhemsi's Avatar
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    Default A good trading system

    None of the pending orders were triggered last friday.

    I am thinking of posting our little venture in this thread. What do you say?

    sm_cool

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    Director of FXOpen Aus FXOjafar's Avatar
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    Default

    Quote Originally Posted by arhemsi View Post
    None of the pending orders were triggered last friday.

    I am thinking of posting our little venture in this thread. What do you say?

    sm_cool
    Please do. It's interesting to hear about good systems that work for people. The fact that you had pending orders that didn't trigger in ranging market conditions fills me with more confidence
    Jafar Calley - Director
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    Default

    Here are the pending orders for today on the four majors:

    UCHF

    [email protected] [email protected] [email protected]
    [email protected] [email protected] [email protected]

    GU

    [email protected] [email protected] [email protected]
    [email protected] [email protected] [email protected]

    EU

    [email protected] [email protected] [email protected]
    [email protected] [email protected] [email protected]

    UJ

    [email protected] [email protected] [email protected]
    [email protected] [email protected] [email protected]

    These trades are taken on a demo account based on a strategy which is being tested for its validity and will requires at least six months data before it can be said its okay.

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    Default

    The sell pending orders were hit and closed at the end of the day for a net loss of 2 pips (GU closed 2.0466 and EU closed 1.4723)

    Fresh pending orders are made for today based on yesterday data.

    The testing proceeds on




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    Default

    Quote Originally Posted by bzbug View Post
    (1) It must give you a consistant profit under all kind of market conditions.
    (2) It should not take more than one hour of you time per day.
    (3) It should not require any human justments when it is applied. (justments = emotions)
    (4) It should let you earn while you sleep.
    sm_cool
    Point 1 is the hardest thing to achieve in FX!

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    Bullish aLa_miKu's Avatar
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    Default

    I will take into consideration those criteryas when i will become a more advance trader ... right now i am kind of "scalping" 20-50 pips / day

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    Default

    Quote Originally Posted by bzbug View Post
    (1) It must give you a consistant profit under all kind of market conditions.
    What do you mean by under all kind of market conditions?
    Quote Originally Posted by bzbug View Post
    (2) It should not take more than one hour of you time per day.
    You are right for half part. Because it's random, sometimes it takes whole day for a trading. In my experience.
    Quote Originally Posted by bzbug View Post
    (3) It should not require any human justments when it is applied. (justments = emotions)
    Really? Are you talking about an EA?
    Quote Originally Posted by bzbug View Post
    (4) It should let you earn while you sleep.
    sm_cool
    How about it starts become a losing trade while you sleep? Even using an EA? Ever heard a guy trade Live and become rich depending on EA only? In my experience, most pros is back to conventional trading manual as his best technique.

    Just my 2 cents
    Last edited by aowaow; 01-02-2008 at 12:45 AM.

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    Bullish aLa_miKu's Avatar
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    Default

    Quote Originally Posted by aowaow View Post
    What do you mean by under all kind of market conditions?

    You are right for half part. Because it's random, sometimes it takes whole day for a trading. In my experience.

    Really? Are you talking about an EA?

    How about it starts become a losing trade while you sleep? Even using an EA? Ever heard a guy trade Live and become rich depending on EA only? In my experience, most pros is back to conventional trading manual as his best technique.

    Just my 2 cents
    You have a lot of questions and i thought you were an experienced trander ...i think i saw you on another broker`s chat ... it starts with M ... is that you ? sm_rolleye

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    Default

    can any1 suggest the best system ( wic contains nesseccary indi/signal) for newbie??

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    In Profit Successfx's Avatar
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    Wink

    Quote Originally Posted by aLa_miKu View Post
    You have a lot of questions and i thought you were an experienced trander ...i think i saw you on another broker`s chat ... it starts with M ... is that you ? sm_rolleye
    He is the same one!
    Just check up his threads and posts then you will know why he is an experienced trader...
    Here he seems to be putting you all into thinking by what is the best trading system as there doesnt exist one for the conditions posted above!
    PATIENCE IS THE NAME OF THE GAME!sm_win
    Discounted prices on Phentermine and tramadol!


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    Default

    i only agreed wit no 1.. bcos how will u get consistant profit whout taking any risk.. ( unless u hav big money in ur acc).. daily forecast/trading, waiting the good timing basically requests us more than 1 hour..

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    Forex really requires us to start believeing in the best system we decide to trade with after demo trading..
    so before moving to the live trading demo trade first and decide ur strategy and follow it...
    PATIENCE IS THE NAME OF THE GAME!sm_win
    Discounted prices on Phentermine and tramadol!


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