What is the sense of looking for such a system? Any business has expenses, losses are trading business expenses, not something negative or to be scared of.
IMO, trader should look for optimal equity curve, not for the winning rate alone.
There is nothing wrong with that, please understands the point here. We are all looking for the same.
The point here is that 99.97% winning rate, that is hard to believe.
If you tell me over 90% winning rate, inspite that it can still be hard to believe, i do believe it, my trading method works tat way but i can not tell you 99.97%.
Anyway, a lot of people here will just tell you that it is not possible because most of them are not real traders, most of them use only demo accounts and most of them are only trying to show that they know the bussiness.
I am sure there might be a lot of methods with a winning rate over 90%, most of them may be used with an EA.
There is nothin wrong.
Yes, i agree with you.
The more attention paid to those significant factors, the higher the chances to build a profitable method, you will NEVER succeed avoiding losses, and you will never reach a 100% success probability.
One thing i have always told newbies, when they ask, is that the only way to find a good and profitable method is to look for the holy grail if they can define what it means for them.
Yes, true. Holy grail does exist, but it means different thing for different traders, including 20% hit rate, but huge R:R for some.
Trying to completely avoid losses, from the other side, is very harmful for a newbie, because misleads him/her into unproductive efforts and often into taking more risk, in the case of reckless averaging down for example.
With all due respect, associating the phrase "averaging down" with the word "reckless" is misleading. Many successful traders have made their fortunes with AD as part of their strategy.
If a trader has an unshakeable belief that he/she is right to take a view on a particular currency pair, then buying/selling at various levels may be how they seek to maximise profits, if they are correct. This is exactly what investment funds have been doing for many years. The most successful example being George Soros and GBP, in 1992. Every time it went up, he added to his short positions. We all know how that ended
With all due respect, associating the phrase "averaging down" with the word "reckless" is misleading. Many successful traders have made their fortunes with AD as part of their strategy.
If a trader has an unshakeable belief that he/she is right to take a view on a particular currency pair, then buying/selling at various levels may be how they seek to maximise profits, if they are correct. This is exactly what investment funds have been doing for many years. The most successful example being George Soros and GBP, in 1992. Every time it went up, he added to his short positions. We all know how that ended
but to try to avoid realizing a loss, which is a big no-no and ironically leads to bigger and more severe losses, than one can imagine.
How much would you pay for it?
You could hand most people a written description of an excellent trading edge and they probably wouldn't be able to execute it profitably. There are a number of reasons for this which I wont go into.