DislikedI'm glad i started this thread.
To all those who love ma crossover systems:
Do you think banks and large hedge funds trade when ema 5 crosses ema 10?Ignored
Let's try asking a valuable member
Where are you, Rusty?
Top 100 best Trading Systems: post good Trading Systems here 49 replies
Why exactly do EMA crossover systems not work? 529 replies
Are the best systems also the systems that fail most spectacularly? 55 replies
Systems, Systems and Systems... 1 reply
EMA Crossover Systems 1 reply
DislikedCraig, I will not argue. But please, say "in your opinion" from the start. Just because you do not like something does not mean they are useless, that goes for indicators as well. I use W%R and a couple MAs.
Contest thread: http://www.forexfactory.com/showthread.php?t=13391
Contest results: http://www.forexfactory.com/showpost...&postcount=131
Both myself and Aicccia ran away with the contest, Aicccia obviously owned everyone. I wont speak for Aicccia, though he does use MAs and I do as well. Is there discretion, of course! Do we trade just on a crossover, no. But MAs certainly help me and from viewing Aicccias method, they help him as well.Ignored
DislikedI think your friend's post (Aicccia, who is asking why these systems don't work.) probably says more than I ever could.
http://forexfactory.com/showthread.php?t=17340Ignored
DislikedTo me, not using discretion is a big loss to trader.
Discretion is a product of human intelligence. Intelligence is a gift of God to human (cows and computers dont have intelligence, dont they ?) It's a waste if a trader does not train his mind to make discretionary decision.
In my opinion, almost all system can produce great profit when you add your own discretion into it.
Discretion is king.
It's sad when people keep looking for a completely 100% working mechanical system because they want to make profit without thinking. The right path to become a successful trader is to develop the capacity to make discretionary decision. Maybe there are 100% mechanical systems that work, but dont put too much hope that you'll find them.
That's why experts advise newbies to trade only 1-2 pairs at one time. It's easier to develop the gut-feel for the market that way. But hell no, most newbies are too stubborn to take that advice. They think "if I can make 5 for one pair, if I trade 20 pairs it will be 100 pips a day, Ferrari here I come". A week later, newbies burned all their money.Ignored
DislikedIt's sad when people keep looking for a completely 100% working mechanical system because they want to make profit without thinking.Ignored
DislikedProper mechanical systems require a tremendous amount of thought and analysis, I fail to see what is sad about that, any incites gained will be valuable for any type of trading. The art of proper analysis is sadly rare, people want to reduce such things to easy formulas (e.g. MAs), so the above argument works both ways. The only sad thing that I can see is that people keep trying the same thing over and over expecting a different outcome.Ignored
DislikedHowever anyone developing/using any mechanical system need to be wary of over-analysis and the tendencies ofIgnored