the downfall of trading systems.
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do TAKE offense if you fall under the scammer category.
without a doubt, there are very good systems on this forum. just like many other communities. But i feel like we are constantly being bombarded with "XXX's 50000 pips a month" or "XOXO's awesome scalping system" and other short lived pathetic systems that are just simply hype basing on backtesting or just a couple months of "trading on metatrader." Quantity is probably what all forums care about, and quality is being eroded by noise and sensleess threads. most forums are being infested with quantity over quality.
heres a brief life cycle:
1) always starts with a fnacy title or itro. "i made XXXX pips in a month"
2) then the setup, and rules
3) ppl start reading
4) ppl think backtest and a couple month of demo trading works awesome. or even a couple months of live trade. ie. "does this indicator repaint" "ZOMG ty."
5) new "extreme loyalists" start backslashing at anyone who criticisezes or fills the critic's PM box with hateful and emtion filled rebuttal about why anyone against the system is a fool, and that they hope that he/she loses money.
6) thread view and posts start picking up. gold stars start piling up, furthering the momentum.
7) "extreme loyalists" and author continues to post and gathers momentum.
8) websites are formed. private groups are created. where you can have access to exclusive information for monthly subscrption.
9) systems are found on eBAY with different names in the form of EAs.
10) new pile of craps push this system to further backpages.
I think anyone proposing a new system should have some restrictions before they post it.
Some questions to ask themselves:
do I stilll trade with this method LIVE (anyone can paint the past) or am I just looking for attention by luring noobs about quick painless profits?
do I believe in this system and think that it will truly contribute to the quality of the overall knowledge of the community.
how long have i been trading system and is it consistent enough and worthy enough to be read by others?
i wonder how many system threads we will have after those filters are enforced.
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