Whats your opinion on the most important aspects of a trading system

Most important thing is statistics and logging everything you do and its results so you can see areas of optimization. Rather than trying to force your SL/TP (RR/DD) on the market. Statistics (logging each trade with as many data points of reference as you can gather and comparing results) will tell you everything you need to know on how your strategy will survive in the long-run, what factors you can stretch and still profit, etc. Believe in statistics because that is actually how the market works.

kc8yty posted:

Sharp ratio?
RR/DD?
Profit factor?
Expectancy ?
Stagnation?
Z score?

Or combinations

Here's my suggestion when having a look for systems on Myfxbook:

1. Broker:
Is the connected broker reliable? Is the broker well-known and regulated by good regulators (like FCA, BaFin, FinMa, IFSC, NFA, ASIC (only for Australian traders!), ICB, ...). Keep in mind: VFSC and FSA are not regulators for international brokers (it's just a company license not a regulator's license)!
Why? Because there might be some faked results being shown on the connected myfxbook system pages. Brokers come and go, they can be just created to show fake (to good to be true) results to possible clients and to scam them with faked EAs or PAMMs at the end.
Another good question could be: Is the system working with other (good) brokers aswell? or: Can the system really work with my already used broker?

2. Drawdown:
The max. account drawdown needs to be lower than 20%. If it's higher than 20% the system creator should definitely can explain it, like with a short spike, a testing period at the beginning (with a small deposit) or something like that. Also have a look on the DD charts by yourself, not only on the number on the left side of the system (click on custom analysis and check the 'open time' box in 'timing' for a better analysis).

3. History:
Have a look on the history, to get to know if the system creator is using only low risk (low lot sizes and not much trades per day if no SL/TP is being used, or a good/low SL if higher lot-sizes are being used).

That's it. All the other numbers are not really interesting, just showing you how your results could be if you'd use the exact same system/deposit/trades/broker etc.

make your OWN opinion and your OWN rules.
everything else is not for you.
One can not make a discovery by reading already printed material ..

VabenMaria posted:
make your OWN opinion and your OWN rules.
everything else is not for you.
One can not make a discovery by reading already printed material ..

so true. i read a lot of material, but pointless. even demo doesn't help

Two things will point north to any trading journey.
 1. Live trade
 2. Lower your Lot size
Never give up your quest. There is a wonderful lifestyle at the end of your trading journey but it will take 10,000 hours...

It shouldn't take 10,000 hours to become profitable.....

But...before you think I am trolling you PipRaider, I do understand the philosophy behind your reasoning! Also, I am not advocating 'Don't study' either.

I could teach most people to read and understand a chart with simple support and resistance and a couple of other useful little niblets of advice in about a week.

Psychology and risk management are way more important to becoming a successful trader. Just my take on it :-)

It is interesting to read the situations that occur with this or that trader in relation to certain brokers.

Exits. An exit strategy is more important than an entry strategy. So many people just think that settings TP is an exit strategy. It is not. You need to close early if price shows that it will reverse

EXIT is uber important until you exit you’re still swirling around the plug hole of loses...😎