80% hit rate 1 minute system

[oilfxpro]

Quote from oldtime:

Well, after miliions of us have looked for it for thousands of years, I feel honored to converse (if even just on the internet) with the one guy that finally figured it out.

It's hard to even imagine just how rich you will be.

Too bad, I never got it. Some of us just never get it.

If only some one would hand it to us on a silver platter. (like you say, preferably for free.)

so he managed to ged a wife ,but the woife said "why u still need a string to hold it up it?"

husband "some of us never could never hold it up to start with"

 

[Brass]

Quote from oilfxpro:

Some people don't get it ,even if it is handed on a plate for free.

Can I just have the free plate?

 

[CoolTraderDude]

Quote from oilfxpro:

Some people don't get it ,even if it is handed on a plate for free.

What the hell did you hand out again...? Besides talking about how you have an awesome system and how you'd hand it out but no one would get it...?

Your system won't work in the long run... It can't because the market is "negative sum"... No system or algorithm can survive a negative sum environment.

But by all means feel free to hand out some parts of the concept and try to prove that it will work.

 

[oilfxpro]

Quote from CoolTraderDude:

What the hell did you hand out again...? Besides talking about how you have an awesome system and how you'd hand it out but no one would get it...?

Your system won't work in the long run... It can't because the market is "negative sum"... No system or algorithm can survive a negative sum environment.

But by all means feel free to hand out some parts of the concept and try to prove that it will work.

It is dumb and daft , but I will give you the answer.

If systems are designed to trade on 1 minute charts , if they are profitable on 1 minute charts , they can also be applied using longer time frame context.They should work on all time frames.

The system is is a 1 minute support and resistance system with small stops and targets.That is enouff.

On the 1 minute charts the view is much clearer that other time frames.

 

[CoolTraderDude]

Quote from oilfxpro:

It is dumb and daft , but I will give you the answer.

If systems are designed to trade on 1 minute charts , if they are profitable on 1 minute charts , they can also be applied using longer time frame context.They should work on all time frames.

The system is is a 1 minute support and resistance system with small stops and targets.That is enouff.

On the 1 minute charts the view is much clearer that other time frames.

No that's not really dumb... It's fine... I will give you the following warning. Figure out where your system will fail before you implement it. All systems fail eventually... Figure out what the edge is and figure out where that edge will fail. Once you do that you should be O.K. ...

 

[oldtime]

Quote from CoolTraderDude:

No that's not really dumb... It's fine... I will give you the following warning. Figure out where your system will fail before you implement it. All systems fail eventually... Figure out what the edge is and figure out where that edge will fail. Once you do that you should be O.K. ...

+1

 

[Brass]

Quote from oilfxpro:

...On the 1 minute charts the view is much clearer that other time frames.

Why would a one-minute chart necessarily be clearer than all other time frames, either longer or shorter?

 

[Scataphagos]

Quote from DollarBondsCL:

Let me spell out the reality in case newbs are wondering.

The only system that produces 80-90% are Market Maker systems that rely on broker information regarding retail orders being pegged and flagged as they trade

this is a dirty little secret only old timers like me know, the rest of wannabies on this site actually believe system is fair and your stop is invisible LOL

now that we cleared that

70-75% accuracy can be achieved with a gifted discretionary trader.

System design non discretionary, for retail, can be as high as 69%

Period.

Finito.

Done.

Not even that.

In all markets and at all times, there has to be "doubt" as to which is the correct play in order for there to be both buyers and sellers at any price.

Ask the the most successful big boys... their experience is somewhere around 52-55% correct on trades.... some even <50%. 80%... 70%... 69%.. are all preposterous. If such probabilities were actual, they would eventually be known by all... and EVERYBODY WOULD TAKE THE HIGH PROBABILITY SIDE AND NOBODY WOULD TAKE THE LOW PROBABILITY SIDE... and without players on each side, there is no trade.