To use chat, please login.
Back to contacts

Your best system

psaTrading
May 08 2014 at 22:01
891 posts
FxProdz posted:
ProTradersGroup posted: In my opinion the best system is must meet the following points:

1. A real (or demo) with at least 3 months history.
2. Drawdown of no more than 11%.
3. Floating Drawdown of no more than 15%.
4. Return of at least 30%.
5. Average pip win per trade of at least 30.
6. Avg. Trade Length at least 1day.
7. System must not use any martingale/grid techniques.
8. At least 100 trades.
9. Best Trade at least 200 pips.
10. Profit Factor at least 2
11. Profitability at least 60%


Happy trading :)



1- Real and demo doesn't work the same way and actually 3 months isn't enough!
2- As per average win/loss and best trade etc..., I think it's easy to play with these figures to make your average loss very low and average win very high, same thing with trade length,, so for me it doesn't prove anything!
3- Drawdown is very important, but since with myfxbook autotrading we can control the Drawdown stop by editing advanced setting, so I think the most important thing here is profitability and how long the trader survived.

Happy trading and good luck to everyone 😄


You are absolutely right!

forexpipcatcha
May 08 2014 at 22:06
325 posts
lol @ clowns... in my opinion the best system is one that can make me a billionaire in one moths!

Sarmad Thaki (sarmad_t)
May 09 2014 at 06:26
23 posts
forexpipcatcha posted:
lol @ clowns... in my opinion the best system is one that can make me a billionaire in one moths!


lol what a incompetent comment, that's why we have the lottery, casino and then we have foreign exchange. Those who doesn't see the difference here, WILL fail 100% of the time!

BigBang Expert Advisor
bigbangea
May 09 2014 at 07:21
24 posts
psaTrading posted:
FxProdz posted:
ProTradersGroup posted: In my opinion the best system is must meet the following points:

1. A real (or demo) with at least 3 months history.
2. Drawdown of no more than 11%.
3. Floating Drawdown of no more than 15%.
4. Return of at least 30%.
5. Average pip win per trade of at least 30.
6. Avg. Trade Length at least 1day.
7. System must not use any martingale/grid techniques.
8. At least 100 trades.
9. Best Trade at least 200 pips.
10. Profit Factor at least 2
11. Profitability at least 60%


Happy trading :)



1- Real and demo doesn't work the same way and actually 3 months isn't enough!
2- As per average win/loss and best trade etc..., I think it's easy to play with these figures to make your average loss very low and average win very high, same thing with trade length,, so for me it doesn't prove anything!
3- Drawdown is very important, but since with myfxbook autotrading we can control the Drawdown stop by editing advanced setting, so I think the most important thing here is profitability and how long the trader survived.

Happy trading and good luck to everyone 😄


You are absolutely right!


cant agree more :)

BigBang Expert Advisor
bigbangea
May 09 2014 at 07:21
24 posts
forexpipcatcha posted:
lol @ clowns... in my opinion the best system is one that can make me a billionaire in one moths!


if you dont be realistic, not only you wont become a billionare, you would rather lose all you have! your call :)

forexpipcatcha
May 09 2014 at 07:29
325 posts
bigbangea posted:
forexpipcatcha posted:
lol @ clowns... in my opinion the best system is one that can make me a billionaire in one moths!


if you dont be realistic, not only you wont become a billionare, you would rather lose all you have! your call :)

LOL and I would become lie you ?

forexpipcatcha
May 09 2014 at 07:29
325 posts
sarmad_t posted:
forexpipcatcha posted:
lol @ clowns... in my opinion the best system is one that can make me a billionaire in one moths!


lol what a incompetent comment, that's why we have the lottery, casino and then we have foreign exchange. Those who doesn't see the difference here, WILL fail 100% of the time!


About as incompetent as your trading and hence lifestyle and that's why you exist here because of success at dreaming and not achieving, but nothing wrong with dreams we all dream and very few turn dreams into reality and I mean very few like 1 or 2 % at most.

VeneForex (VeneForex)
May 09 2014 at 13:10
3 posts
I have my owns and work very well after some time :) check my systems

Sarmad Thaki (sarmad_t)
May 09 2014 at 13:59
23 posts
forexpipcatcha posted:
sarmad_t posted:
forexpipcatcha posted:
lol @ clowns... in my opinion the best system is one that can make me a billionaire in one moths!


lol what a incompetent comment, that's why we have the lottery, casino and then we have foreign exchange. Those who doesn't see the difference here, WILL fail 100% of the time!


About as incompetent as your trading and hence lifestyle and that's why you exist here because of success at dreaming and not achieving, but nothing wrong with dreams we all dream and very few turn dreams into reality and I mean very few like 1 or 2 % at most.


I understand your point, but I'm not here to say I'm a success! if you read my previous comment, I wanted feedback and to learn from other who is successful. I'm not here to brag like other here in this forum. you say my incompetent as my trading? I see that you are trading to.

Fredrik Nordstrom (platinumfxsignal)
May 09 2014 at 14:52
27 posts
https://www.myfxbook.com/members/platinumfxsignal/240code-trial-trader/818170

This is my best. I decided to trade full time this year and here are the results so far :)

Topic is locked