Is There Such a Thing as a CONSISTENTLY Profitable Trading System?

[stocktrader]

Quote from Walther:




.... by using good filters one can lower number of trades, reduce exposure,increase win/loss ratio . Basically one can make average system into money maker by using unrelated filters. Any profitable system can be brought up into 80% win category.


Walther, when you apply filters to improve the win percentage, do you find that your risk/reward ratio declines. A system with an 80% winning percentage will probably have on average smaller wins and larger losses, but due to the very high winning percentage it will still be profitable.

Can you provide an example of a profitable system with say a 45% winning percentage that you have applied filters too, to bring it up to 80%.

 

[Walther]

Quote from stocktrader:

Quote from Walther:




.... by using good filters one can lower number of trades, reduce exposure,increase win/loss ratio . Basically one can make average system into money maker by using unrelated filters. Any profitable system can be brought up into 80% win category.


Walther, when you apply filters to improve the win percentage, do you find that your risk/reward ratio declines. A system with an 80% winning percentage will probably have on average smaller wins and larger losses, but due to the very high winning percentage it will still be profitable.


I am not changing a thing on any system, I am just adding a filter(s). Therefore stops and profit taking parameters are the same.


Can you provide an example of a profitable system with say a 45% winning percentage that you have applied filters too, to bring it up to 80%.

I could but my point was that any system, from completely unaffiliated person can be improved ( system has to be backtested and be profitable and generate at least 2 signals per day on average ). So far as you can see, nobody bothered to post any system to be improved.

Walter

 

[murray t turtle]

Quote from Trend Fader:

Wait a second... is Mr. NBBO... the famous market wizard... Mark Weinstein?? lol


--MIKE

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Good posts.

Actually Mark Weinstein was nicknamed ''High percentage trader''
and even the skeptical Schwager [Jack] noted Mark's 100k into 900k in less than a year WAS PROVABLE. Can't disprove that !!!

I'll add to Candletrader & AAAinthebeltway helpful comments.

Chuck LeBeau [traderclub.com] had some excellant ,free, comments and I'll paraphrase,which is NOT exactly as accurate as a quote.

Will make some mad , Chuck LeBeau proved the average system was MORE accurate than the average discretionary trader.



Make some more mad, Chuck proved the BEST traders were highly disciplined,hard working discretionary traders.

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''Discretion shall preserve you '' Solomon, trader king.

Draw downs happen; consistantly profitable depends on how many years you measure.Mark Weinstein admitted to a 600k loss approximate,