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90% are loser ..why ?
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TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Jan 01 at 11:02
A perfect example, I was using a system that had given me a 65% winrate over 2 years. I had a friend of mine who wanted me to help him start trading profitably as he had been losing for over a year, I gave him the system because the rules were simple to follow. He started sending me messages about how he kept getting losers for trades I had him screenshot and almost all of his losers didn't 100% match rules, they may have matched 1 or 2 rules, but never all of them. When it comes down to it the reason people lose is because even when they get a profitable system, they either don't follow the rules 100%, take trades that may meet the rules, but don't have a good risk reward which is never good, over leverage, or get into a losing streak which every system can have, and then decides it doesn't work when its still wihtin the systems risk profile to have said streak and still maintain that same winrate. So they decide to switch to something new looking for a holy grail.

Slow and Grow or Fast and Blow
nasrul_poyo

Member Since Sep 11, 2017  124 posts Nasrul (nasrul_poyo) Jan 02 at 09:31
Most of the traders think that forex can make u rich in a short time. Yes, even me. Thats why we are keep losing yell

jacoboh

Member Since Dec 19, 2018  6 posts flyman (jacoboh) Jan 02 at 09:38
IndiTrader posted:
It is not a profitable system if people can lose with it. If that is the case it means that you are teaching them an incomplete system. The system should not allow emotions to be a part of it. The system should tell them exactly what to do. Ideally so that even a robot can use the strategy and make money


Oh .. I personally feel you're really wrong about this. The reason why algo / robot trading is so popular and good is because it takes away the trading psychology aspect. A strategy SHOULD be mechanical and systematic. However I've seen so many using a good system, step by step on every aspect of the entry / exit / risk / position size etc, but they still lose.. mainly because they just don't stick to the strategy. Truthfully, how many times have you entered impatiently because you fomo, entered before maybe a candle formed properly, or you've been having a good winning streak that you decide to place a huge position, risking more? I've seen many that had a good running streak for months and have it all gone including initial deposit in a matter of days. A strategy is only a small part of trading. Psychology and risk plays the biggest part.

Don't fly in blind
togr

Member Since Feb 22, 2011  4361 posts vontogr (togr) Jan 02 at 10:55
TheSlyFox posted:
A perfect example, I was using a system that had given me a 65% winrate over 2 years. I had a friend of mine who wanted me to help him start trading profitably as he had been losing for over a year, I gave him the system because the rules were simple to follow. He started sending me messages about how he kept getting losers for trades I had him screenshot and almost all of his losers didn't 100% match rules, they may have matched 1 or 2 rules, but never all of them. When it comes down to it the reason people lose is because even when they get a profitable system, they either don't follow the rules 100%, take trades that may meet the rules, but don't have a good risk reward which is never good, over leverage, or get into a losing streak which every system can have, and then decides it doesn't work when its still wihtin the systems risk profile to have said streak and still maintain that same winrate. So they decide to switch to something new looking for a holy grail.


That is very simple.

IF you have trading system program it into EA.
EA will execute trades 100% matching the rules.

I like what I trade, I trade what I like
TheSlyFox

Member Since Nov 19, 2017  31 posts The Fox (TheSlyFox) Jan 03 at 08:46
i hate it when people say 'just program it into ea' because EAs have to constantly be updated to account for trading conditions and changes in the market, mechanical systems dont

Slow and Grow or Fast and Blow
Mykl

Member Since Mar 04, 2016  12 posts Mykl (Mykl) Jan 03 at 08:54
Most lose because they think are using strategies and basing decisions on pure technical analysis but pictures and lines and ma's are not actually even needed for many profitable systems.

No word "per" in trading.
jacoboh

Member Since Dec 19, 2018  6 posts flyman (jacoboh) Jan 03 at 13:44
Mykl posted:
Most lose because they think are using strategies and basing decisions on pure technical analysis but pictures and lines and ma's are not actually even needed for many profitable systems.


There is more than one way to skin a cat. There's always a debate between fundamentals and technical. But the truth is, it doesnt really matter what strategy you're using, as long as you have a proper money management and trading psychology, you're way ahead in this game.

Don't fly in blind
Ansel

Member Since Jan 03, 2019  7 posts Ansel Jan 04 at 09:40
I find that difficult to believe. Money management will not help you if your strategy is to open a Buy trade when the wind blows east and Sell trade when the wind blows west. Strategy is critical anyone who says otherwise doesn't understand Forex

Professional4X

Member Since Jan 05, 2016  900 posts Professional4X Jan 05 at 17:38
TheSlyFox posted:
i hate it when people say 'just program it into ea' because EAs have to constantly be updated to account for trading conditions and changes in the market, mechanical systems dont



Properly developed automated systems adapt to changes in the markets.



If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  900 posts Professional4X Jan 05 at 17:48 (edited Jan 05 at 17:49 )
nasrul_poyo posted:
Most of the traders think that forex can make u rich in a short time. Yes, even me. Thats why we are keep losing yell



Are you following the rules of your trading strategy 100% of the time? Are you over trading? Are you trading too large of lots for your account size? etc, etc, etc.

If you keep losing, then you need to determine the 'why' you are losing.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
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