Lets create a profitable system
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Thread: Lets create a profitable system

  1. #1
    Hello men,

    my name is David, I'm 23, I'm from Czech Republic and I operate as Quality Controller.
    I decided to make new profitable system, as my intraday EUR/USD egy dissapointed me a bit after it created new record of losing transactions drowdown (22).



    I want view, if I am in a position to make far better equity curve with less losing transactions. So let us go!!!

    DMS system - RULES

    1. I trade Tuesday to Friday.2. I trade from 9 to 13 and from 15 to 17 o'clock GMT 1 (depends on my job change ).3. I trade 1 hour chart.4. I trade just LONG.5. STOP LOSS is 200$ - TARGET PROFIT is currently 400$.
    DMS system - TRADING RULES

    1. PRICE should open and keep above DAILY PIVOT.2. PRICE should make ENGULFING candle on DAILY PIVOT.3. STOP LOSS is DAILY PIVOT - TARGET PROFIT is around R2 and here it should be 2:1 PROFIT FACTOR.4. H1 chart should rise, though not and H1 chart is at some range, I watch H4 and D1 chart and when it is raising, I input trade too (this principle is quite conservative, I just don't input large drop ).
    MAIN GOALS -

    1. Make 50 transactions.2. Get least amount of losses.

    This is example and I will add more latter with equity curve after last trade.


    This one is from 28.2. 2018.

    TRADING RULES -

    1. PRICE should open and keep above DAILY PIVOT.2. PRICE should make ENGULFING candle on DAILY PIVOT.3. STOP LOSS is DAILY PIVOT - TARGET PROFIT is around R2 and here it should be 2:1 PROFIT FACTOR.4. H1 chart should rise, though not and H1 chart is at some range, I watch H4 and D1 chart and when it is raising, I input trade too (this principle is quite conservative, I just don't input large drop ).

  2. #2
    Quote Originally Posted by ;
    Please do not take this as me being a mean or something, that is not my aim, I am simply asking questions. Your previous system lost you money. Why do you feel this system will operate much better? Have you tested it with a demo account? How can you do trading the machine in demo? Additionally, are you asking for help in producing this new system of yours? In addition, I have some other questions. Why transaction only long? That is certainly the most confusion facet of your system. You do understand that a currency cross such as USDCHF is not something itself that you're...
    1. My previous system has drowdown today, but in long-term it's profitable up to now. I simply don't trade it on real account right now, because I'm waiting for following effects in future.

    2. This is that test on DEMO. This is not real account and I am not asking for help .

    3. If u read attentively, u should know its H1 trading platform. I wanna make 50 trades, because it is 50 commerce TEST, so everytime I shall get opportunity with my plan, I will enter a transaction. After 50 trades I shall see equity curve. 50 commerce equity is minimal as a sample, and later I shall continue if fairness will be increasing.

    4. Least amount of losses, cause I need as minimal drowdown as you can to know how much I should set% risk later.

  3. #3
    Quote Originally Posted by ;
    quote 1. My previous system has drowdown today, but in long-term it's profitable up to now. I just don't exchange it on real account at this time, because I am waiting for following effects later on. 2. This is that evaluation on DEMO. This is not real account and I am not asking for help . 3. If u read attentively, u should know its H1 trading system. I wanna make 50 transactions, because it's 50 commerce TEST, so everytime I shall get chance with my egy, I'll enter a trade. After 50 transactions I shall see equity curve. 50 commerce equity is minimal as a sample, and later...
    In case your previous system has a drawdown now then it is NOT profitable up to now. There's a draw down because your losses exceed your earnings.

    And yet more, the smallest draw down means that the account is losing money, not gaining money. An account drawing down happens because losing transactions transcend profitable trades.

    I do wish you the very best, I'll quit working on your own parade today.

  4. #4
    Quote Originally Posted by ;
    Please do not take this as me being a mean or something, that is not my intention, I am just asking questions. Your previous system dropped you money. Why do you feel this system will operate? Have you ever tested it with a demo account? How can you do trading the system in demonion? Also, are you asking for assistance in producing this new system of yours? I also have some other questions. Why transaction only long? That is without a doubt the most confusion aspect of your system. You do understand that a currency cross like USDCHF isn't something itself that you are...
    Hello, Woohiye and Malchi.
    Woohiye does raise some interesting questions for you to consider. The one which stands out to me, why do you only go long and ignore short? This is a critical aspect of Forex markets that they move both ways, unlike shares which have increasing intrinsic value so that it might make sense to only go long in stocks. If I presume correctly, your fist image is an equity curve of your own body over 500 or so transactions? It looks good if that's your only draw down and you shouldn't be surprised as 22 or so losing trades in a row can be common (I'd 33 losing commerce series a while back with a 80-95% precision system). I recommend to increase profitability it's possible to attempt to incorporate a direction bias, yes that means occasionally only focusing on go short. The bias should come from higher timeframe like 4H or Daily. Finally, do not give up on your own system that readily, if previously it's worked really well and you get only a few losing trades only due to a temporary shift in market terms. Be aware about not all progr working in most market conditions, a mistake I made by trying to design one which worked anywhere and always ( I got close, however, realised that isn't the way). Anyways hope you can possibly make a few small tweaks that will give you the profitability you desire.

    Kind Regards,

  5. #5
    Quote Originally Posted by ;
    quote Hello, Woohiye and. Woohiye does raise some interesting questions for you to think about. The one which stands out even to me, why is it that you simply go long and ignore short? This is a critical facet of Forex markets that they move either way, unlike stocks which have raising intrinsic value so it would make sense to only go long in stocks. Now if I presume correctly, your fist picture is the equity curve of your own body over 500 or so trades? It seems great if that's your only draw down and you should not be amazed as 22 or thus losing trades...
    1. Sometimes is better not to overtrade, so I picked up sentiment to me more natural for the time being. Maybe I will add sentiment SHORT after TEST later, but now let's train my eye to LONG. So far I receive 1-2 opportunities each week.

    2. Yes, first picture is my prior system with nearly 500 trades within 3 decades, I don't trade it right now, I just mark trades and statistics to view, whether it is going to be losing or will be in range or it will raise up again .

  6. #6
    Quote Originally Posted by ;
    quote If your prior machine has a drawdown now then it isn't profitable up to now. There is a draw down because your losses exceed your earnings. And yet more, the tiniest draw down means that the account is losing money, not getting money. An account drawing down happens because transactions exceed profitable trades. I do wish you the best, I'll stop working on your own parade now.
    Could you please give a link to oneforexintuitivesystem that is really profitable?

  7. #7
    Quote Originally Posted by ;
    quote Could you please give a link to at least oneforexintuitivesystem that's truly profitable?
    Systems aren't profitable, traders are. Yes the system assists, but seriously it is more about the trader than the system.

    This is the reason why in my own system thread I don't attempt to state that my egy is profitable or trading my manner will make you profitable.

    The most profitable traders I've ever understood all had their own method of trading. They took what worked for them from multiple resources, got rid of everything did not, and eventually become profitable. I've never seen two highly profitable traders trade the specific same manner.

    That's why I find it so funny here onforexintuitivewhen some people behave like their manner is the only right way to trade. Their manner is the right manner FOR THEM and for some other trader may violate an account.

    This systems thread in general is SO important to traders because it permits you to look at various systems and indiors, trade on demo, and compile a system which works FOR YOU.

  8. #8
    Quote Originally Posted by ;
    quote Systems aren't profitable, traders are. Yes the machine helps, but seriously it's more about the trader in relation to the machine. This is the reason why in my own system thread I don't attempt to state that my system is profitable or trading my own way could make you profitable. Even the most profitable traders I've ever understood all had their own method of trading. They took what worked for them from multiple sources, got rid of everything did not, and eventually become profitable. I've never seen two exceptionally profitable traders exchange the exact same way. That is why I find it funny here on FF...
    In other words. No one can explain your own profitable system so well that someone else can replie the results in their account. Or nobody has a profitable system. So it does not make sense to write any platform, while it is bad or good.

  9. #9
    Subscribed

    occasionally going 1 direction might be an interesting egy. . .keep posting your result malchi

  10. #10
    I really don't understand. Your equity curve looks great. Looks like you did not lose 22 trades consistently. For me personally, that drawdown is not that bad. Your account will endure with that drawdown in case you don't risk a great deal.
    I'm really baffled with your problem. Perhaps I did not understand or lost something?

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