Rating: Full Star Full Star Full Star Full Star Full Star
Whats your opinion on the most important aspects of a trading system
Previous 1 2 3 4 Next

Member Since Jul 17, 2020  1 posts Akhuetie Israel (izraelinspired) Jul 18 at 12:07
damunwa posted:
...there was once a mechanic who went to visit a client having problems with his very expensive 4 color printing machine. The mechanic looked at the machine, walked around it a couple of times. He took out a listening rod and listened to the machine in a couple of places. Finally he went to his bag, took out a delicate little shiny hammer. He went to a specific point at the machine and with a determined and crafted poise he struck the point with a very precise and calculated hit. Instantly the whirling machine sounds changed and there was a more melodic tone in the air. The machine started spitting out copy after copy at very precise intervals of time. The machine was fixed.
After a few discussions and suggestions from the machinists the invoice was handed to the owner. The owner looked wide-eyed at the amount to be paid. It was a bill for $1320.00.
“You were here for less than 30 mins” said the owner “How do you rate that then?”
The mechanic raised his head from the pad from which he had just written the invoice and looked at the owner.
“Well” he said.
“There’s 20 dollars an hour. And there’s 1300 dollars for my experience in knowing where to strike the hammer “
It’s the knowing where to strike the hammer that’s important in most endeavors.
In trading this is the equivalent to the knowing where to exit in trading.

The exit matters the most.

We don't compete We dominate

Member Since Nov 19, 2017  27 posts Mike (kc8yty) Jul 21 at 00:08
Tuxedo888 posted:


Stay with it.

Thank you

"Formal education will make you a living, self education will make you a fortune"

Member Since Jun 02, 2020  4 posts ForexRealProfit (realprofitea) Jul 21 at 07:43
kc8yty posted:

Sharp ratio?
Profit factor?
Expectancy ?
Z score?

Or combinations
There are lot of important factors in forex trading. Risk management is an inevitable element in arsenal of successful trader.

Real Profit Expert Advisor

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jul 21 at 08:17
The most important factor is indeed stability.
If you have system that has consistent results for years that is sort of Holy grail
I have seen many systems that were like comet, going up fast as hell for a while and then BOOM.

I trade what I like. I like what I trade.

Member Since May 13, 2020  55 posts Stonesong Jul 27 at 02:58
I also think that stability is a guarantee that you are really doing everything right.

Please login to comment.
EURUSD 1.18319 GBPUSD 1.3071
USDJPY 106.667 USDCAD 1.32396







Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.