Quote:
Originally Posted by ajk
I am so sick of those folks who say "conquer yourself "...bs. You need a winnable system and be able to have the balls to just stick your money out there. Most system are not winnable. I would say about 99% of them are not worth the time to study. Heck, most ea's designed are not worth testing nor worth the time it spent programming. My motto is big stops, big martingales,
and trending markets.The small tf /technical stuff is just bunk applied and will just be 50-50 and wipe out the trader
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I'm sorry you feel "so sick of those folks" but it does sound like you've been struggling with forex yourself, and that you have some issues.
I agree, of course, that you can't win without a winning system. But even a winning system loses from time to time, and you've got to be able to handle that and stick to it. I've never seen a Martingale that doesn't show major losses, eventually. Can you stomach those...50 or 60 or 70% of your capital gone? You've been making money for 9 months, and then you're back to the beginning...no gain. That's a waste of time!
But you're absolutely right that most systems are worthless. I'll bet very few are making a living with even the best EA's posted in the Elite Section of this forum. I wouldn't try one myself.