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Ultimate Successful Trading Technique

  • #1
  • Quote
  • First Post: Mar 12, 2007 7:54am Mar 12, 2007 7:54am
I would like to share with members of Forex factory my success with developing a 100% successful trading technique. Before i start i would like to mention this is not for marketing purposes & i am not selling anything. I just want an honest opinion, what would you do if you have a 100% successful trading technique

INTRODUCTION:

I have been able to develop a technique in forex which is 100% successful. YES 100% SUCCESSFUL. When I say something like this nobody will like to believe me; therefore, my results will prove it. I have solid evidence to back my statement & i can challenge anybody who says something like this can not happen


BACK TESTING:

I back tested manually this technique on 21 commonly traded pairs over all the period the data is available for. For certain pairs the data is available for 15-17 years. You will agree with me that forex is ever evolving and things have changed over these years. My technique has worked over all these years, without a single losing trade complex.


FORWRD TESTING:

I started forward testing my system on my demo account starting Jan. 1st 2007. From Jan 1st 2007 to this day i.e. March 11, 2007 I have had 53 trades. All were profitable trades. Yes all were profitable. Not a single losing trade. These are not teeny weenie trades. The minimum profit margin on all these trades was 100 pips. My account has grown from 100,000 on Jan. 1st 2007 to 115,000 on March 11, 2007. I am even ready to give my user name & pass word of my account to any body who wants to look at the history. But i think the sensible thing would be to attach the history of my trades, which i will do with my next post. According to my calculations based upon back & forward testing a $100, 000 account will grow to $160,000 – 190,000 in a year. A $10,000 account will grow to $16,000 to 19,000 within a year and a $1000 account will grow to $1600 – 1900 in a year.

FEATURES OF MY TECHNIQUE:


** I look at the daily charts on all 21 currency pairs at 5:00 p.m EST. It takes me about 20 minutes to look at the charts.


** A signal to buy or sell is given by my trading system which has been modified by me. It is all mechanical, no discretion is required.


** I put on the trades. I call them trade complex. I can put rest of my trade complexes in advance with set limits & these trades keep on closing automatically with profits.


** It is not an overnight get rich system. There will be steady & definite growth of your account. There are rules to be followed. Strong Discipline & Patience is required. I believe all new traders should have this technique in their arsenal so that their accounts can grow


** Position sizing is very important


At this stage i cannot go into specific details of my technique.I want everybody to take notice of this 100% successful system. In Summary this is an extremely easy technique, takes about 20 minutes of your daily time. 100% success no losing Trading Complex in some pairs for over 15 years. Nearly doubles your account yearly.

I am not a businessman. I am a regular guy with a 9-5 job who suddenly has invented this technique. My question is what would you do if you have something like this in your hand? Should i keep it to myself & keep on gradually building up my capital over the next 4-5 years? Should every trader know about this system? Should i bring it out in public, knowing it is so easy & has 100% success rate, no chance of a loss, any body can copy it & starts marketing it out making millions? A healthy debate is appreciated.

Thanks

Zeekans
  • #2
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  • Mar 12, 2007 7:59am Mar 12, 2007 7:59am
Ok....you've sparked my interest. Give us some specifics and we'll test
her out....
just trying to make a little on a lot.....
  • #3
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  • Mar 12, 2007 8:00am Mar 12, 2007 8:00am
Quoting zeekans
According to my calculations based upon back & forward testing a $1000 account will grow to $1600 ?1900 in a year.
In other words your system is simply making 50 to 75 pips a month, correct?
  • #4
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  • Mar 12, 2007 8:01am Mar 12, 2007 8:01am
zeekans, unfortunately you are going through a naive phase in your trading. i dont fault you, i have been there too. what is happening is that you are not taking a scientific approach to your system development and you are beeing fooled by your results. i cant say exactly how your results are fooling you, i would have to dig into your system to figure it out and that is a time intensive process. but instead of worrying about what you are going to do with your magical system, take some time and figure out what it is that is fooling you. you may want to read an article i wrote (my one and only), this should help spark some ideas.
Relax and be happy.
  • #5
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  • Edited 8:14am Mar 12, 2007 8:03am | Edited 8:14am
let your conscience be your guide.........
but I think your just jerkin everybody around...
Same Whore .... Different Dress
  • #6
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  • Edited 8:19am Mar 12, 2007 8:08am | Edited 8:19am
Hi zeekans

That's great if you've come up with a system that is 100% correct - that's if it's that important to you to never having a losing trade.

What I'm trying to say is that you can just as easily make the same amount of money with a 30%, 40% or any other % success rate with the right system. The method I'm testing live has a 30/40% success ratio but so far would equal or better your 100% success ratio in account balance increase.

Anyhow, well done & I look forward to you posting your trades live, as they happen for all to see. You don't need to explain your system, just post your trades & let's see.

Kind Regards
Steve
  • #7
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  • Mar 12, 2007 8:25am Mar 12, 2007 8:25am
The best suggestion that I can share is to trade your system in real time for a period of no less than 12 months. If your are still getting 100% at that time then keep it to yourself. Why would you want to share it? By sharing it it can make you money but if you are getting 100% successful trades after 1-2 years then your account will grow and expand and you won't need to share.
  • #8
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  • Mar 12, 2007 8:46am Mar 12, 2007 8:46am
Quoting fritz
The best suggestion that I can share is to trade your system in real time for a period of no less than 12 months. If your are still getting 100% at that time then keep it to yourself. Why would you want to share it? By sharing it it can make you money but if you are getting 100% successful trades after 1-2 years then your account will grow and expand and you won't need to share.

Fritz, you should recommend that people share their successful trading programs... not to advise them to keep it to themselves.

Also, If it is a 100% successful program, by sharing it will not make it less successful Fritz. Hopefully others here do not share your attitude.
  • #9
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  • Mar 12, 2007 9:01am Mar 12, 2007 9:01am
Quoting merlin
zeekans, unfortunately you are going through a naive phase in your trading. i dont fault you, i have been there too. what is happening is that you are not taking a scientific approach to your system development and you are beeing fooled by your results. i cant say exactly how your results are fooling you, i would have to dig into your system to figure it out and that is a time intensive process. but instead of worrying about what you are going to do with your magical system, take some time and figure out what it is that is fooling you. you may want to read an article i wrote (my one and only), this should help spark some ideas.
merlin, could u please send me a PM on this matter
  • #10
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  • Mar 12, 2007 9:04am Mar 12, 2007 9:04am
Quoting don perry
merlin, could u please send me a PM on this matter

Just click on the highlighted word "Article". Hope this helps you Don
  • #11
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  • Edited 11:20am Mar 12, 2007 9:08am | Edited 11:20am
Quoting steviet
Hi zeekans

That's great if you've come up with a system that is 100% correct - that's if it's that important to you to never having a losing trade.
With a 100% correct trading system, you could buy Microsoft in a couple of years! Hell, you could buy the whole planet!

Why?

Since you are NEVER losing any money trade after trade, you only need to be fully invested all the time (in a 400 to 1 leverage FX account) to quadruple your money every month.

Starting with only $1000, you could pocket $16,777,216,000 in 12 months.

And at the end of the second year, well let's just say that there is not enough money in the world to pay you, let alone find a FX broker who will take the opposite position!
  • #12
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  • Mar 12, 2007 9:36am Mar 12, 2007 9:36am
100% success??you must have the edge that none of the top traders in history has ever had i suppose


but if you have a system that works 100% of the time..why are you wasting your time on FF??!??! Go to chicago, NY, or wherever else they have big financial institutions and barge into the fund manager's office and tell them about your system. Get paid for it, or start a fund of your own, sell books, etc.

but definitely not sharing it on here..for free at that.
  • #13
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  • Edited 9:56am Mar 12, 2007 9:46am | Edited 9:56am
WHTenn, I respect your opinion but what I don't respect is you telling me what my opinion should be, I don't think that was appropriate of you. You can disagree and that is fine but to tell me how to think is almost ludicrous. The forexfactory is a place where opinions are shared freely. I did not share my opinion with this trader in an off the cuff fashion ie. I contemplated before writing. There is more than one way to skin a rabbit, if you live in the great State of Tennessee you know that. (I spent many a summer day in Memphis as a kid when my grandfather was alive and I enjoyed my time spent there.) I had no agenda in my answer to the fellow trader. He asked for my opinion and I gave him mine, it was not an attitude that I was sharing. One of the reasons why I suggested to keep it to himself is that it's his baby and he should pause before just blatantly sharing it which it appears is what he is currently doing, bravo to him for respecting his own work. If he wants to share it at some point in time then that is his perogative. There is more than enough sharing of strategies going on on forexfactory so I don't think there will be a shortage anytime soon. It appears to me that the intent of his post was to solicit opinions. He has not tested it enough yet to know if it's profitable in the long run so this is all conjecture. I think that there is a time for sharing and a time for not sharing, in my personal life I use my inuition, my logic and my gut instincts just as I did in my reply to this fellow trader. I have no plans on telling others what to do and I expect the same.

Quoting WHTenn
Fritz, you should recommend that people share their successful trading programs... not to advise them to keep it to themselves.

Also, If it is a 100% successful program, by sharing it will not make it less successful Fritz. Hopefully others here do not share your attitude.
  • #14
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  • Mar 12, 2007 10:06am Mar 12, 2007 10:06am
Thanks for your reply back. It was very much appreciated. What I should have stated is that I would not advise someone to keep a successful system to themselves. I stand corrected and please accept my apology.

You should return to Tennessee, your missing out on some great fishing.

Hope you make many pips this week!
  • #15
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  • Mar 12, 2007 10:10am Mar 12, 2007 10:10am
I'm inclined to believe that this is the beginning of a spam type post...

I'm not saying there is any definitive proof that there is, but look at the warning signs...and this is rife with "buy me" logic.

I'm sure there were enough members PM'ing this guys asking for a piece of the puzzle, and at some point they'll be asked to go to a separate website that'll be the beginnings of a system, and lots of advertising, or worse...a new forum where you have to pay to read.

To be honest, I was able to come up with a 100% winning system that's based on fractal geometry and the star alignments. I was able to figure out that in the last 20 years of the forex what dates major trends were able to start and how long they lasted, and then was able to backtest 20 years of daily data on a few dozen pairs that I analyzed, and no matter what I did, I couldn't lose. If I bought and shorted on the exact dates that the trends started, and then sold and covered on the exact dates that the trends ended, I never lost a trade. AND this is all proven with historical data!

Look, if it sounds too good to be true, then it probably is.

Tell you what, if the author of the thread wants some credibility (note the dude only has 1 post), all he has to do is post live trades for a few weeks. He doesn't even really need to share the system if he's afraid of the system evaporating. Just post live trades within say 5-10 minutes of your actual trades and we can monitor your progress. That way, you don't give away your system, and you build in a potential client base.

Incidentally...I tend to agree with Fritz...systems don't necessarily HAVE to be shared. If the author feels that there is an imbalance in the market that might dry up if any significant number of people traded the signal, then it would be pointless. I don't think there should be any pressure on anyone to share a system if they don't feel like it.

Conversely, I don't people should expect respect if they aren't willing to provide any proof. Unfortunately, that's the way the world is. If you want to make claims, that's fine...but expecting us to believe them and/or respect you because you make these claims will be difficult because the world operates on fact (although it may act on conjecture).

So feel free to make claims, and feel free to keep systems secret...just don't expect us to respect you if you aren't willing to provide proof...and in this particular case, simple proof would be to keep a trading journal...that would be most appreciated...then it may get people interested in what you're saying.
  • #16
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  • Mar 12, 2007 11:29am Mar 12, 2007 11:29am
100% wins + slow growth = underemployed money making.

First of all, congratulations on your system. 100% is something most will only dream about. Secondly, assuming it is 100%, why even think about risk management? If I were you, I would risk at least 50% of my account per trade and retire in one or two years. Of course, maybe you are doubting that it is actually 100%, although you seem quite confident; having shared it with us here at FF.

In regards to keeping it to yourself, KEEP IT TO YOURSELF! Hmmm.... 100%.... What can I do with a PERFECT system?

1. Signal Service
2. Fund Management
3. Get flippin' RICH
4. Write books
5. Sell the method.

etc. etc.

If you want others to have an advantage over you, by all means let us know your system!

Regards,

Kevin
  • #17
  • Quote
  • Mar 12, 2007 11:41am Mar 12, 2007 11:41am
Thanks very much for the input. I greatly appreciate the suggestions. Yes this is my first post, but i am not selling anything. I will attach a log of my trades here. Let me answer some specific & pertinent points raised by fellow members

**I think i am past the point where a system can fool me. But i suppose it does not matter what i think. Let me ask Merlyn, when would you consider that i have passed the naive phase, with 100 winners & 0 loss or 200 winners & 0 loss.

** One of the members mentioned that i am making 75-100 pips/month. That is not correct since Jan i have made more than 8000 pips, but for my system position amount is more impt. then pips. In a mini account a pip is worth a dollar & in a regular account it is worth ten dollars;Therefore i will lay my emphasis on positioning.

**I totally agree that results after a year carry some weight. I will keep every one informed of the results on June 30, 2007 & then on Dec. 30, 2007.I will carry on with my demo account following my rules for another year & also continue on my live account. The trades you see in Feb & Mar on my demo, were also placed on a live account & they were all successful

*** One of the members mentioned that this is not a high yielding system. His 30-40% system yields more money. Yes, you may be right, i never mentioned this is the best system, but it is a successful system. I just said i dont see myself losing any trading complex. Food for thought, let say you have thousand dollars in your account & you double it say every 2 yrs. then just do the math, knowing you are not going to lose.

** I think this is a simple & easy system for people who do not want to spend too much time, & are happy to see their accounts grow steadily but surely.

Thanks again for your input
I am trying to attach files from the additional options menu but nothing is happening. i will try to figure out & then send in my trading log
  • #18
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  • Mar 12, 2007 11:50am Mar 12, 2007 11:50am
why dont u just give the username and password of the account (demo i suppose) or post here abt 20 live trades so we all can see?
  • #19
  • Quote
  • Edited 1:55pm Mar 12, 2007 1:30pm | Edited 1:55pm
Quoting zeekans
** One of the members mentioned that i am making 75-100 pips/month. That is not correct since Jan i have made more than 8000 pips, but for my system position amount is more impt. then pips. In a mini account a pip is worth a dollar & in a regular account it is worth ten dollars;Therefore i will lay my emphasis on positioning.
First of all how many currency pairs are you trading at the same time?
Making 8000 pips trading 21 pairs at the same time is not the same thing as making 8000 pips per lot per currency pair.

Secondly, if these 8000 pips we obtained by pyramiding your positions, then this number is totally meaningless by itself. How many pips did you make per currency pair PER LOT?

I have seen this a lot, people claiming that they are making thousand of pips a month, but when you look at their trades you quickly discover that they are pyramiding their positions to the max and that they are opening 10 or 15 positions at the same time (Eur/Usd, Gbp/Usd, Jyp/Usd, etc...).

I am not saying that you are trading the same way but 8000 pips in 50 days daytrading one single currency per lot is, in my opinion, a virtual impossibility, as far as 100% mechanical trading systems are concerned. Most 100% mechanical trading systems almost never exceed 1200 pips A YEAR (100 pips profit a month), per lot per currency pair.

Futhermore, you said that the average winning trade is over 100 pips, that means that each time your system was able to capture the ENTIRE day-trading range 53 days in a row!?!

Last question: what is your stoploss? If it is 1000 pips for example, then yes, almost all your trades will reach their target before reaching the stop, even though it would take only 2 or 3 losses like this to erase months or years of profit.

So you must have made a mistake during the backtest or I am missing something.
  • #20
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  • Mar 12, 2007 2:50pm Mar 12, 2007 2:50pm
In regards to the first post, I would not release the system. I would share it with relatives and good friends while playing a game of cards or something.. though that would be it. The reason doesn't have to do with being stingy or anything of the sort, instead it would be about time. If I was only required 20 minutes a day to trade... that is all I would do. Why would I come to forexfactory... even go online for that matter? I hate the computer(s)! I would be out at the YMCA teaching kids basketball and baseball and playing BINGO with the old folks. Well, perhaps not the BINGO part... kids and sports for sure.

Although, it doesn't really matter that it is 100%. I promise you... if you release it here on FF, people will immediately EDIT it down to about 60% and give up on it in 2 weeks.
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