Trading (the) Holy Grail

Would be any type of strategy that could be traded across a basket or markets or just a few markets with relatively low drawdowns and consistent returns relative to the markets volatility. Also, something simple and not overly complex
 
Quote from jond83:

holy grail to me means to seperate all my emotions from trading.
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My guess is that the only time that you will separate all of your emotions from any activity you engage in is when you are no longer among the living. However, I imagine that you will engage in relatively few activities at that time, so it may be a moot point.
 
Quote from sKaLpZ:

OK, guys...

Hopefully someday when you search "trading holy grail" on Google, this thread on ET will come up.

We've got 10s of 1000s of active traders and visitors on Elite Trader.

Certainly some of the wiser minds on earth post on ET or at least read ET.

Therefore, I propose that we form a virtual 'round table' and figure out (for the first time?) exactly what the Holy Grail is.

Initially, we need to define what (trading) the Holy Grail means.

Does it mean a trading system that never loses?

Does it mean a trading system that wins more than it loses?

Does it mean a trading system that loses more frequently than wins BUT when it wins the winnings are greater than the losses?

Or, does it mean being using an advanced system of money management so that, somewhere down the road (5 years? 10 years? 30 years??) you will have retained more money than you lost during that time period.

Maybe it means something else entirely.

Once it is agreed upon exactly what the definition of the Holy Grail is, then us traders, with input from everyone who cares to contribute, can try to determine what are the exact elements and principles that make up the Holy Grail.

At worst this thread will ultimately contain some very good trading rules/principles, at best together we will uncover... the Holy Grail.

theskalper
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Making money with no risk. Put it on autopilot and kick back.
 
The term "holy grail" in its usual interpretation means 100% wins, "perfect" system.

Anyone with half a brain understands that noone needs such a holy grail to be a successful or very successful trader. Noone needs to have 100% wins to make tons of money. OK? Obvious.

So what IS needed? What is needed is an edge (a method) that gives you CONSISTENT PROFITABILITY. CONSISTENT PROFITABILITY is when you look at your equity curve over last 5 years and it's nice and smooth and looks like a 45 degree diagonal or steeper. That's what we all are trying to achieve. Anything that provides us with that result *is* the best we can achieve. Again, noone needs 100% wins.
 
Quote from sunnyskies:

is when you look at your equity curve over last 5 years and it's nice and smooth and looks like a 45 degree diagonal or steeper.
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Just depends on the scale you choose... :D
 
Quote from AaronCapps:

Would be any type of strategy that could be traded across a basket or markets or just a few markets with relatively low drawdowns and consistent returns relative to the markets volatility. Also, something simple and not overly complex
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OK, added to the components of the HG: "something simple and not overly complex."
 
Quote from areyoukidding?:

Making money with no risk. Put it on autopilot and kick back.
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another principle: the HG must be able to make money running on "autopilot, with no risk."
 
Quote from sunnyskies:

The term "holy grail" in its usual interpretation means 100% wins, "perfect" system.

Anyone with half a brain understands that noone needs such a holy grail to be a successful or very successful trader. Noone needs to have 100% wins to make tons of money. OK? Obvious.

So what IS needed? What is needed is an edge (a method) that gives you CONSISTENT PROFITABILITY. CONSISTENT PROFITABILITY is when you look at your equity curve over last 5 years and it's nice and smooth and looks like a 45 degree diagonal or steeper. That's what we all are trying to achieve. Anything that provides us with that result *is* the best we can achieve. Again, noone needs 100% wins.
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Added by Sunnyskies: The HG does NOT need to win 100% of the time but DOES need to have a smooth equity curve "like a 45 degree diagonal."
 
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