can anyone help me with forex systems, I need a system with 80% positive trades?

Fri, Jan 9, 2009

G.J. asked:

I need sites and forums where people discuss about forex systems and test them on a long term basis as i am clueless about where to find these forums.

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Clueless, Forex, Trades

6 Comments For This Post

QT Says:
January 12th, 2009 at 5:42 pm

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b2fnow Says:
January 16th, 2009 at 1:21 am

Good luck with finding a trading system with 80% positive trades; doesn’t exist, and certainly would not be on any forum or for sale.

Suzane P Says:
January 17th, 2009 at 9:33 pm

Hello all,

I’d like to share my views with you. There are certain things you should follow while buying a currency system

1. Understanding the basis of the logic of the system.

2. The system should aim to catch the long-term trends; day trading currencies has less probability of success than long term trading.

3. Simple systems tend to work best, as they are stronger in the face of changing market conditions. There is no link in currency trading systems between complexity of systems and their success.

4. Look at the maximum drawdown from peak equity. This is important in terms of money management, as you need to expect your biggest drawdown is ahead and commit sufficient funds to cover these downturns.

5. Not all systems come with real trading records; they can come with simulations over historical data. If the basis is soundly based logic then they can still work well.

6. At last, judge a system over years not months. All systems can have periods of losses.

Hope it may be helpful

Kareechy K Says:
January 19th, 2009 at 8:44 pm

Hi,I recommend you use some forex signal software to help you easily get over 80% positive as you have the expert advisor tell you all the time.
just visit some site to tell you what’s forex robot and compare the best forex signal robot for you here–>

Roxana R Says:
January 20th, 2009 at 8:42 am

A great forex system means you need to constantly have high probability trades. You also need to be concerned with the currency pairs in real time. Hopefully this blog can help. Remember, no trading will be full proof, so be cautios about the claims some trading systems make.

Shane B Says:
January 21st, 2009 at 10:34 pm

There are systems with 80% profitable trades (and more).

The important thing to remember is not the % of profitable trades, or the % risked on each trade, the average size of your losers and the average size of you winners, but rather it is important to consider the interaction of all of these things.

When trading it is easy to get many profitable trades — if your profit targets are modest.

When trading it is easy to have few losses — if your stop loss is very far from your entry price.

But these things alone do not ensure that you will become a profitable trader (which I assume is why you want to trade forex).

A simple example will illustrate this point.

1. Trader Bob has an 80% win rate.

2. Trader Jennifer has a 30% win rate.

Trader Bob has the following trading statistics:

Average win $55
Average loss $225

Trader Jennifer has the following statistics:

Average win $220
Average loss $60

Trader Bob takes 10 trades.

2 trades are losers at $225
2 x $225 = -$450