Exploring Systems and Ideas
Are you two system groupies or something, U seem to be jumping on to the 'next best thing' as soon as you hear about it. learn one system inside out and then trade it. All systems have good and bad trades and experience will teach you how to handle each trade. With regard to shark can you really live with a system where you need 4 winning trades just to break even on the one loser?
Elefteros,
So, you are advocating what? That people arbitrarily trade just any system? Or your own perhaps? This thread is about people trying to find a system that works for them as individual traders. Surely, by now, we know that what suits one person may well be absolutely hopeless for someone else. So what the heck is wrong with exploring systems and ideas? It's nothing to do with the next best thing, simply another idea.
As for Shark, it is a totally different way of trading. For a start it is a robot, and if it works it could be great to just have the money accumulating with no effort. It may not work, but it may. If I don't try it, I'll never know. So far my papertrading does not look too encouraging, but it is very early days. The adverse risk reward ratio is certainly against my own instinct, and personally I could not trade it manually. But there are many ways of trading which some people can work, but I cannot. What is wrong with trying a different approach, especially if it is only papertrading?
If you yourself have truly arrived as a trader, good on you. You must have trodden a difficult path to get there, or you are one of the great naturals. Some of us are still on that path, and each person, just as in life, has to go their own way, not yours. May we not share ideas?
I did not start this thread, but it was me exploring ideas, and Sniper in particular, that got the discussion going on another thread, and the result was that someone thought it was worth starting this thread. So maybe you are only using Sniper as a consequence of my intitiative in the first place. I don't know.
Gary Pavkovich also markets a system called "Forex Trend System", and tells me that it stays in the trend longer than Sniper. It looks more straightforward to trade than Sniper, but so far I haven't trialled it. I am going off trend trading systems, because they make you chase the market, and give rather fuzzy entries and exits, which I find stressful frankly. I prefer to let the market come to me by setting precise stops and limits, and Sniper is not suited to that type of trading.
Hope you understand.
