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Investing in Forex

Professional4X
Sep 06 2019 at 19:37
1189 posts
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
jaredtaylor
Sep 12 2019 at 06:01
46 posts
Greenwood posted:
So many people don't seem to have any patience when trading....then they wonder why they blow their acount


I agree…Many traders enter the forex market every day, but many of them fail because they focus too much time on creating just the trading strategies which leaves them with little or no energy to develop proper discipline and they let emotions rule their mind.

TaloR_11 (TaloR_11)
Sep 12 2019 at 08:09
22 posts
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.

burstfiltering
Sep 12 2019 at 08:39
9 posts
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot

Professional4X
Sep 12 2019 at 10:32
1189 posts
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.


Properly designed automated systems require minimal if any human interaction.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Sep 12 2019 at 10:32
1189 posts
burstfiltering posted:
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot


WRONG.
Properly built automated systems work across ALL market conditions.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Prest (Prest)
Sep 16 2019 at 11:30
43 posts
Professional4X posted:
burstfiltering posted:
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot


WRONG.
Properly built automated systems work across ALL market conditions.


Is there on myfxbook any of such system? I have never seen the EA that works with any conditions.

my experience is my profit
Professional4X
Sep 16 2019 at 17:18
1189 posts
Prest posted:
Professional4X posted:
burstfiltering posted:
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot


WRONG.
Properly built automated systems work across ALL market conditions.


Is there on myfxbook any of such system? I have never seen the EA that works with any conditions.


They exist.

But you aren't going to find people selling them for $99,95 or whatever absurd price people are willing to pay for a hyped up EA.

Ask yourself a simple question, if you had an automated system that no one else has, that is constantly and consistently making you a solid profit across all market conditions, why would anyone sell it? They wouldn't. Why sell something worth BILLIONS of dollars possibly in profits.

The answer is simple, NO, You wont find it on MyFXBook or any place else available to the general public,

They exist in private collections, built by Quants and Developers that know what they are doing. If you want one of those kinds of systems, then you have to be prepared to devote years of your life developing them and a considerable amount of money to get them, and you have to actually know what you are doing.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Sep 16 2019 at 17:49
1189 posts
Even systems that work across all market conditions lose trades. They aren't the Mythical 'Holy Grail', those simply do not exist, The closest you will get to a pure win only system, is by using latency arbitrage. And while that would work, your broker will quickly catch on, and they'll freeze your account. There are systems that do exist that will make profits across all market conditions. But, as I've said you simply won't find them being sold for $99,95 or whatever. Why WOULD they sell them? They'd have no need for anyone to give them money, they would be extremely wealthy, or at least well off enough to never need to sell it.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
AmDiab
Sep 25 2019 at 15:12
718 posts
Professional4X posted:
Even systems that work across all market conditions lose trades. They aren't the Mythical 'Holy Grail', those simply do not exist, The closest you will get to a pure win only system, is by using latency arbitrage. And while that would work, your broker will quickly catch on, and they'll freeze your account. There are systems that do exist that will make profits across all market conditions. But, as I've said you simply won't find them being sold for $99,95 or whatever. Why WOULD they sell them? They'd have no need for anyone to give them money, they would be extremely wealthy, or at least well off enough to never need to sell it.


Basically; there is nothing like Holy Grail in Forex; since it’s a decentralize market! so; expecting 100% profit is an illusion here!

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