thread: Do you still believe in the perfect trading system?

90201I desired to quote another post I left again, to demone the knowledge I am attempting to impart to interested parties in regard.

There appears to be a lot of confusion and fruion in regards to EA's and automated trading. I thought I would examine this, and to edue traders in regards to automated trading (EA expert advisors).

If you think of the Holy Grail in regards to Foreign Exchange, most people think of some kind of automated system which runs alone, and is like printing money. There are 2 schools of thought, no Holy Grail is present, also it's possible.

I think because of my expertise and employment I can comment fairly comment on both of these areas. To start with, EA's' Holy Grail does it exist??? Yes and no. This is because in the retail level for traders that the Holy Grail does not exist, you aren't going to buy an EA for $89 which is currently going to pump out ROI in your account day in and day out.

On the commercial side of things, yes the Holy Grail does exist. Speak to a operations manager from a Foreign Exchange trading bank, and if they were honest they would tell you about their robot's that will turn over 20-40% per month. The rich get richer and the poor get poorer.

If you want a suitable EA that is going to make good returns month in and month out, you're going to have to spend some money. Many EA's I know of that work well begin at about $1000 USD and move up from there. I've yet to see a cheap retail EA that works well during a long period with great returns and very low drawdown.

One of the biggest reasons the retail EA's fall down is that the benefit ratio and also stop-loss settings. You will discover all the best commercial EA's have this in common, all of them use probability configurations for logic in regards to transactions, stoplosses, and profit taking....

You will find a lot of robots nevertheless operate off metatrader 4, as this is a great working platform for them, also bridges can easily be made to link to other disimiliar platforms, ie Dukascopy etc..

I often get mails in regards to choice of a great EA, something which may be known as a Holy Grail type of indior. As mentioned earlier, I've never come across any retail variations that work and make lots of money, (except for their performers of course) over a lengthy period of time. I think we all receive expert adviser spam from time to time with the most up-to-date and greatest EA.

If you want to discover a great EA, then you want to become friends with a high end hedge fund/currency supervisors, and if they're willing to inform you, then find a little bit about how their system operates. Or edue yourself to how the market works to price action, and you might think of a great idea for an EA yourself.

One of the reasons I post the results of the EA's, is to the folks who love EA's, for them not to eliminate heart, to show them what is potential, and also to keep looking for that right EA that will fulfill their needs. . .lol. . .remember I did not say buy every EA they visit....look with your mind, not with your heart

90201

My friend, you are very wrong about your remark in regards to EA's, if you keep in this business for long you will see what I mean.

Oh I'll be around for quite some time! But while I don' think quite many (less than 1%) work, you will find profitable ones that won't ever observe the masses. And one individual in a programming section of another forum asked a proficient programmer why application for us if you don't believe that no one method can be programmed. He explained a couple of answers but those stood out the most.

1. Because they wanted it

2. Don't use EA's the exact same way we use them on the retail aspect. He didn't state he simply said it was not like what we would think.

90201

oh I'll be around for quite a while! ...

No disrespect, however, you have been misinformed. If I had you I would turn you into a believer about what is possible in relation to automated trading.

In relation to the 1% you're talking about, I agree with you in relation to robots which are available to the public.

902011 Structure (s)

Update for FXDD account.

This is going to be the last post for your 60K FXDD account. Will be starting another example of what's possible if you open your mind to the possibility of Holy Grail type automated trading.

90201

This BB EA is still going well

EA still doing well.

90201

EA doing nicely.

You can observe the NFP dip in the center of the chart. This is a mark of a good system which can recover from important news releases.

90201

No disrespect, however, you have been misinformed. If I had you I'd make you a believer in regards what's possible in regards to automated trading.

In regards to the 1% you are referring to, I agree with you in regards to robots that are available to the public.

I have not been misinformed, simply have seen every variant of an EA and most don't get the job done. I'm working on one but will use it live? Do not know yet. We are going to see whatever it is, but if I do, it is going to trade any device in mt4. Provided that the R:R is correct

Holy grail is the experience, when you have the knowledge in this business to trade profitably, you become a sacred grail.

90201

Hi all, following several years of trading, a question come to me, and it make me really curious about what other men and women believe.

Well, the question is, would you still belive from the holy grail?

Be honest, tnx

Yes! Of course the term Holy Grail in a trading context will be defined otherwise, for different men and women. For me, it means having a trading methodology that:

-Exists for specific and definable reasons

-I'm comfortable with

-has the power to learn and adapt to changing market requirements, without needing to experience losses to realise the need for this adaptability. .

- has tangible outputs, such as but not restricted to, consistent profitability.

My Holy Grail is inside my mind and is an end to end trading methodology - it doesn't live in an EA or a singular system I learnt from someone else.

Expectancy that is positive that is 90201Consistant prob. Doesn't exist. Nobody will tell you if it does then I can tell you. Since I am only aware of 2 billionaire traders in the world I'd guess it was luck. If it continued to operate, before so long, reason is, they would be worth a trillion plus. The cash potential are MZM in circulation's cap. Answer would be a definant no.