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90201Yeah, I really do. Mainly because it's not only 1 system, but a mindset which you create that time allows you to trade realizing with a database of previously tested exchanged, dwell results Yes! This works for me. Up, down, backward, whipsaws, all may (MUST) be overcome to a degree which you are profiting over time more than you are losing under all conditions (save total financial collapse - that you need to be ready for if you've got the perfect mindset).
Just my 2 pips.
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90201if u ask me, I say . I believe there is holy grail in the FX universe. But of course it require a while. It could require hundred of hours of backtesting.... and optimization
90201John, I'd respectfully caution anyone from engaging in heavy backtesting and optimization. However many prospectus and disclosure documents out of capital say that past performance isn't indiive of future yields, people still examine the simple fact that a egy worked previously and believe it will last, when logically there's absolutely no good reason for it to continue. Is if it does not work over the years then it won't operate from thereon. I'd advise looking at if the egy inherently makes sense or less a primary gauge (just as if you are taking a look at the way a business does business before investing in it). Optimization is a really dangerous game and there's a fine line between creating curve-fitting and a fantastic egy.
Best of luck, John
Kris
90201Yes, there's a Holy Grail, but it doesn't have anything to do with rules or setups. When I first started trading I went down that path - principles, optimizations, systems, etc..
Then finally I came to the realization that it was all about understanding what was happening in the minute - at the right edge of this chart, and just going with that. It disturbs me today in the beginning I had been doing everything EXCEPT trading - focusing indiors, on principles, basically I was ignoring what the price was doing . Intuition and approval of what is currently happening has a lot to do with it.
And cash management also has a lot to do with it as well. Just reading on this site a lot of people discuss risking 1-2percent per trade. Perhaps that's acceptable when you're learning, but if you're consistent you need to be doing 5-10 times , or you'll never make money. As for me, I have five trading sessions per week and sit down. In every one of these 5, I either lose 13% of my current account equity or earn roughly 72% (5.5 R/R). That's per session. If I lose all 5 sessions my overall account is cut in half. If I win one of the five it's about break-even, 2 (that's my target ) is roughly a 100 percent return, and if I chance to find all 5 sessions nailed that is about a 1500 percent return. So that is my cash management.
90201Lol, you are a genuine trader!
(and I am not satisfied )
90201when Holy Grail comes to my head, 100 percent wins is what I think... therefore, I have to vote . Same set-up yesterday and now may not yield exactly the same result, therefore there's not any Holy Grail in TRADING STRATEGY alone.
Although, some consider the mixture of hard work, effective trading egy, and cash management as the Holy Grail... I call it Job-Well-Done.
BTW, nicely said, M256.
90201Thanks. . .although I am not certain what a true trader is. I prefer to think of myself as a student, constantly learning and getting better.
...
And to me, Holy Grail means having the ability to hit my trading goals.
90201It depends on what definition one is utilizing and is individual unique. I believe we all find what we are searching for in the markets.
Holy Grail in trading....technically talking, No. Fundamentally speaking.
Joyful trading all.
Z
90201 My Holy Grail....lol.. .at the second anyway
90201Smooth curve...
so that you utilized 100 trades to maximize your balance by 18.44percent - which is an average gain per trade of 0.1844percent (or approx $9).
What's the average reduction dimension?
regards
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