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I told you you'll never learn to run if you don't bother to try to.
I fully agree to that, but you need to do it step by step.
Most people fail to find or make a profitable system because they start in the inverted sequence, they try to find or make a profitable system of 100% monthly return when they are totally unable to make a 5% of annual return.
Most profitable systems aren't commercial systems because not one will buy a system with such low returns.
But most profitable systems are the free ones available everywhere but adapted to work with very low leverage and risk, that's the key used on most private systems used by the 5% of profitable traders. and all those systems need some trader discretion at some point because not any system can read a major change on fundamentals from one chart.
There is a category of experienced traders called "Model Traders" they are long-term trend followers with a target of 3 to 10% of annual return and they rarely fail to do it. Joint that category to start learning, it is the more easy way to start trading.
Bless system will never work like not any mechanical system (EA without trend indicators) will work for long term
You always need some fundamental filter (human discretion and trend filters on EAs) if not, most mathematicians can be millionaires, and market maker brokers will be filing for bankruptcy.
My 2 cents.
I am out.
__________________ I have not failed. I've just found 10,000 ways that won't work. Thomas Alva Edison
not any system can read a major change on fundamentals from one chart.
You mean those news spikes? There are EAs trading them and trading well but there aren't many brokers allowing you to trade the news.
Also I've seen how numerous times the price goes opposite way to logic - good US news killing dollar and bad US news making a major rise in currency.
Also I've tried a very simple EA - it only bought EUR/USD for the last 6 years. If 6 years ago I started trading with it, I'd be billionairre with it now.
It has awful drawdown so I can't trade it now
Among hundreds of EAs I've tested only one works. The one I wrote myself
Guys who have great ideas! Learn MQL4!
Or come straight to me - I'll code it. For a high price of course
My best system makes 12k+ pips on the last 1,5 years. But its not for sale
Shinigami,
I'm using very simple Ea based on Correlation-buy/sell EURUSD only.
If ,for example, cable jump up 4 pips buy euro,
or sell yen or sell USDCHF.
I have one problem.
Some time EURUSD jump first 4 pips and opening a position is to late.
How to protect no open a position, wait for another first jump of cable,
or yen or chf.
Thanks
B.