CurrencyKing
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I'd just like to share the idea that led me to making a successful trading system.I am not here to share my actual system but ideas to people who are serious about developing a good system.
All the indicators I see available in standard charting packages are lagging. I don't know how some one can make some real money with something that lags. You never know,as soon as you enter,the market might turn on you before your indicator indicates it (because of the lag). You need to start thinking outside the box,basic indicators are a no-no.
You could try trading in realtime instead of waiting for close of price. Of course this would require knowing what you are doing and why.
If you have an idea then get yourself a programming book and program your idea. Each person is different,and you need to study the market,learn how it works,feel the market, be the market.
Another point i'd like to address is market filtering. There are many ways to filter market price. The more you can filter the price without adding lag,the better of a chance you have at making a successful strategy. When I talk about filtering, I don't mean averaging the bars,this is filtering but its a bad way to filter price. Sit down and think of different ways you can do this, instead of trying to add indicators and see what happens when some lines cross.
After putting all your ideas together, I am sure you can come up with a successfull strategy. I will share some results with you guys and show you what planning and deep thinking can bring. Sorry I cannot disclose my system, I have put alot of hard hours into it,and that's just me. I am thinking of maybe marketing my system to some serious traders, or maybe not. I am happy trading it and making really good money. I actually trade for a living now and I will be writing some trading books with some good info to share.I will make a new post with some pictures of some results and charts.
All the indicators I see available in standard charting packages are lagging. I don't know how some one can make some real money with something that lags. You never know,as soon as you enter,the market might turn on you before your indicator indicates it (because of the lag). You need to start thinking outside the box,basic indicators are a no-no.
You could try trading in realtime instead of waiting for close of price. Of course this would require knowing what you are doing and why.
If you have an idea then get yourself a programming book and program your idea. Each person is different,and you need to study the market,learn how it works,feel the market, be the market.
Another point i'd like to address is market filtering. There are many ways to filter market price. The more you can filter the price without adding lag,the better of a chance you have at making a successful strategy. When I talk about filtering, I don't mean averaging the bars,this is filtering but its a bad way to filter price. Sit down and think of different ways you can do this, instead of trying to add indicators and see what happens when some lines cross.
After putting all your ideas together, I am sure you can come up with a successfull strategy. I will share some results with you guys and show you what planning and deep thinking can bring. Sorry I cannot disclose my system, I have put alot of hard hours into it,and that's just me. I am thinking of maybe marketing my system to some serious traders, or maybe not. I am happy trading it and making really good money. I actually trade for a living now and I will be writing some trading books with some good info to share.I will make a new post with some pictures of some results and charts.
