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Are there secret forex strategies in the forex market?

AniLorak
Aug 23 2019 at 15:48
920 ieraksti
Grole posted:
There is one trade secret: there are no secrets.
Everyone chooses his own strategy. The strategy may be unsuccessful, or it may be profitable. It must be remembered that the market is changing and a successful strategy can turn into a failure.
Experiment and find your strategy.

I got your point; really depending on any specific setup is an illusion! There have so many parameters that we need to consider to open a new trade; so depending on few technical tool is meaningless here!
iMetaTrade (Vanquish)
Aug 29 2019 at 07:24
11 ieraksti
I'd say no! But there are free Ebooks available from the database at ' iMetaTrade ' covering well known profitable strategies!
flashoutline
Aug 29 2019 at 09:58
11 ieraksti
Vanquish posted:
I'd say no! But there are free Ebooks available from the database at ' iMetaTrade ' covering well known profitable strategies!

If these strategies are so profitable then why doesn't someone just code them into an EA and make a billionbucks
AmDiab
Aug 29 2019 at 16:12
718 ieraksti
flashoutline posted:
Vanquish posted:
I'd say no! But there are free Ebooks available from the database at ' iMetaTrade ' covering well known profitable strategies!

If these strategies are so profitable then why doesn't someone just code them into an EA and make a billionbucks

True; this is why, I always prefer manual trading! Because, depending on others trading system is meaningless!
Wiame (Baazex)
Nov 26 2019 at 12:00
45 ieraksti
For a successful trading career you have to work step by step first learning , create a plan , focus and stick on the plan and make sure its accurate and according to the risk management aspects
Revenue is vanity, profit is sanity, but cash is king
rickyb
Nov 27 2019 at 03:55
83 ieraksti
Are there secret forex strategies in the forex market? answer yes; from experience making my own ea;s robots;i have made 2-3 that i searched internet and found nothing even close to mine.so there must be people with secret methods.99 percent of trading methods use indicators for a start.indicators were started for sharemarket.i use candlesticks open/close combined with speed of price movement. plus price high and lows.there many ways to trade without indicators.some people use volume even though there is no one single exchange.some big players have computers that troll the internet looking at peoples picks;other people troll news using computers to make picks.a good coder can do all these things for right price.i am sure some traders use indicators and make money long term less than 1 percent. but i think traders should stay away from them. years ago when interests rates were high carry trades were just about bulletproof.for example there was 5 percent difference between nz/usd pair bank interests rates.who knows what grid and martingale methods that are being used to make money;with variables mainstream traders. know nothing about.all a trader needs is a edge to money just a little. one.if you worry about brokers costs and tricks use big stop losses and take profit. trades take longer though.
vontogr (togr)
Nov 27 2019 at 08:25
4862 ieraksti
rickyb posted:
Are there secret forex strategies in the forex market? answer yes; from experience making my own ea;s robots;i have made 2-3 that i searched internet and found nothing even close to mine.so there must be people with secret methods.99 percent of trading methods use indicators for a start.indicators were started for sharemarket.i use candlesticks open/close combined with speed of price movement. plus price high and lows.there many ways to trade without indicators.some people use volume even though there is no one single exchange.some big players have computers that troll the internet looking at peoples picks;other people troll news using computers to make picks.a good coder can do all these things for right price.i am sure some traders use indicators and make money long term less than 1 percent. but i think traders should stay away from them. years ago when interests rates were high carry trades were just about bulletproof.for example there was 5 percent difference between nz/usd pair bank interests rates.who knows what grid and martingale methods that are being used to make money;with variables mainstream traders. know nothing about.all a trader needs is a edge to money just a little. one.if you worry about brokers costs and tricks use big stop losses and take profit. trades take longer though.
This user doesn't share any systems currently.
KaneRenny
Nov 30 2019 at 04:25
5 ieraksti
jonathan89park posted:
does not take breaks

AmDiab
Nov 30 2019 at 06:31
718 ieraksti
Baazex posted:
For a successful trading career you have to work step by step first learning , create a plan , focus and stick on the plan and make sure its accurate and according to the risk management aspects

Learning is the key; no doubt on it! Besides, having a good trading strategy is very crucial; without having it the journey will be so painful!
SebastianPawl
Feb 02 2020 at 15:49
20 ieraksti
There are no secrets totally, just plain practice about everything. Can we make it possible or not? Let's talk to all other people that all of that is simply untrue no matter how hard they will try they will get only this in return anyway. Big thanks!
giannis CH (giannis)
Feb 02 2020 at 17:16
20 ieraksti
This is THE secret to be successful on Forex !
I started trading on Forex 10 years ago.
At the same time i started learning how to code Expert Advisors.
Every strategy that i made , failed on backtests

It took me 9 years to write an EA that actual works.
I had to write 22.154 strategies to find the right one.
I made more than 500.000 backtests to find the right pairs.

So this is my advise.
Learn how to code your own ideas on Ea and one day you will be profitable.


The advantage of automatic trading vs manual trading is the backtest.
With manual trading you have to wait 1-2-3 months to see if it works.(and you ll never be sure)
With automatic trading you have to wait 1-2-3 minutes you can be SURE if it works
So time is money.. Invest your time wisely
P22498
Feb 03 2020 at 08:20
17 ieraksti
Вместо того, чтобы искать 'секретные' стратегии, попробуйте выяснить, как рынок действительно работает.
Стратегия как правило одна, меняется только тактика. Учитесь понимать рынок, учитесь вести среднесрочную игру или долгосрочную т.к. это выгодней, не большая шумиха будет вам не страшна. Выберите один инструмент или два, а не десять, изучите все его манеры, и будет вам счастье :).
Forex- это большая работа, не только с рынком, НО и с собой.
vontogr (togr)
Feb 03 2020 at 11:08
4862 ieraksti
giannis posted:
This is THE secret to be successful on Forex !
I started trading on Forex 10 years ago.
At the same time i started learning how to code Expert Advisors.
Every strategy that i made , failed on backtests

It took me 9 years to write an EA that actual works.
I had to write 22.154 strategies to find the right one.
I made more than 500.000 backtests to find the right pairs.

So this is my advise.
Learn how to code your own ideas on Ea and one day you will be profitable.


The advantage of automatic trading vs manual trading is the backtest.
With manual trading you have to wait 1-2-3 months to see if it works.(and you ll never be sure)
With automatic trading you have to wait 1-2-3 minutes you can be SURE if it works
So time is money.. Invest your time wisely

While I agree with you about the principle, I can't agree with you about backtesting.
The right backtesting with tick data precision takes day or even weeks.
So you can't possible BT half million strategies.
giannis CH (giannis)
Feb 03 2020 at 11:36
20 ieraksti
togr posted:
giannis posted:
This is THE secret to be successful on Forex !
I started trading on Forex 10 years ago.
At the same time i started learning how to code Expert Advisors.
Every strategy that i made , failed on backtests

It took me 9 years to write an EA that actual works.
I had to write 22.154 strategies to find the right one.
I made more than 500.000 backtests to find the right pairs.

So this is my advise.
Learn how to code your own ideas on Ea and one day you will be profitable.


The advantage of automatic trading vs manual trading is the backtest.
With manual trading you have to wait 1-2-3 months to see if it works.(and you ll never be sure)
With automatic trading you have to wait 1-2-3 minutes you can be SURE if it works
So time is money.. Invest your time wisely

While I agree with you about the principle, I can't agree with you about backtesting.
The right backtesting with tick data precision takes day or even weeks.
So you can't possible BT half million strategies.

There are software like FXCM Trading Station 2 and forex tester , that are much faster than MT4
Adam Cantor (AdamCantor)
Feb 03 2020 at 13:54
98 ieraksti
Humberttim posted:
I have never seen one that works but I have seen traders that make money. They must be using some kind of secret strategy

the secret has to be risk management, climb profit ladder SLOWLY and also keep emotions in check. thats the hardest part for me tbh
P22498
Feb 03 2020 at 18:36
17 ieraksti
AdamCantor posted: Need to work on yourself.
Marketmultitool
Feb 03 2020 at 22:12
69 ieraksti
There are some signals you will notice if your trading certain pairs long enough that can help you ,sometimes they appear and sometimes they don't ,it's up to you to figure them out.
People write the Algos not robots
Bias creeps in behaviours repeats.
finnishpension
Feb 04 2020 at 14:56
11 ieraksti
togr posted:
giannis posted:
This is THE secret to be successful on Forex !
I started trading on Forex 10 years ago.
At the same time i started learning how to code Expert Advisors.
Every strategy that i made , failed on backtests

It took me 9 years to write an EA that actual works.
I had to write 22.154 strategies to find the right one.
I made more than 500.000 backtests to find the right pairs.

So this is my advise.
Learn how to code your own ideas on Ea and one day you will be profitable.


The advantage of automatic trading vs manual trading is the backtest.
With manual trading you have to wait 1-2-3 months to see if it works.(and you ll never be sure)
With automatic trading you have to wait 1-2-3 minutes you can be SURE if it works
So time is money.. Invest your time wisely

While I agree with you about the principle, I can't agree with you about backtesting.
The right backtesting with tick data precision takes day or even weeks.
So you can't possible BT half million strategies.


If your strategy takes 1 day to backtest then your code needs rewriting. No EA should backtest that slow.
Thines1
Feb 07 2020 at 14:57
27 ieraksti
The strategy can be secret to you exactly until you have fully understood it or you have certain questions about its content or application in practice. Each of them has certain nuances, you just need to give yourself time and not be afraid to make a mistake. That's all.
EbonyJones
Aug 21 2020 at 13:00
232 ieraksti
Strategies are useless if you don't have enough knowledge to use those strategies. So, gather knowledge first and then try to make money from this market with your knowledge.
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