NexusFi: Find Your Edge


Home Menu

 





General question about trading systems


Discussion in Platforms and Indicators

Updated
      Top Posters
    1. looks_one Bosch777 with 2 posts (3 thanks)
    2. looks_two Quick Summary with 1 posts (0 thanks)
    3. looks_3 Gerard000 with 1 posts (0 thanks)
    4. looks_4 kevinkdog with 1 posts (5 thanks)
    1. trending_up 1,363 views
    2. thumb_up 11 thanks given
    3. group 3 followers
    1. forum 5 posts
    2. attach_file 0 attachments




 
Search this Thread

General question about trading systems

  #1 (permalink)
 Gerard000 
Berlin
 
Posts: 6 since Aug 2014

Good afternoon,

I'm really new here but I have a question for this community.

I have experience in stock- and option trading, but thats only based on simple basic principles like TA, Fibonacci, Elliot Wave, etc.

To make it a lot more professional I want to buy a trading system but does anyone know which are decent sytems (or have the folks here at Big Mike's all self-made systems?) ? I've heard about MTPredictor and Mohan's Boomerang Day Trading.

Do some of you know if these are good systems and/ or do you have some other suggestions for a good trading-system? I hope to hear from you.

Thanks in advance!

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #3 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,283 since May 2013
Thanks Given: 183
Thanks Received: 3,962



Gerard000 View Post
Good afternoon,

I'm really new here but I have a question for this community.

I have experience in stock- and option trading, but thats only based on simple basic principles like TA, Fibonacci, Elliot Wave, etc.

To make it a lot more professional I want to buy a trading system but does anyone know which are decent sytems (or have the folks here at Big Mike's all self-made systems?) ? I've heard about MTPredictor and Mohan's Boomerang Day Trading.

Do some of you know if these are good systems and/ or do you have some other suggestions for a good trading-system? I hope to hear from you.

Thanks in advance!

How do you define a good system?

To my way of thinking , if you have a system that works for you , why would you sell it?

You are much further ahead to develop your own system. One that you are comfortable with and trust.
If you have a system that you don't trust you will probably give up on it after a few losing trades.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Reply With Quote
Thanked by:
  #4 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,647 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


deaddog View Post
How do you define a good system?

To my way of thinking , if you have a system that works for you , why would you sell it?

You are much further ahead to develop your own system. One that you are comfortable with and trust.
If you have a system that you don't trust you will probably give up on it after a few losing trades.

Yes, @deaddog has got it "dead" on - the best strategies are the ones you create yourself. The trick is knowing how to do that correctly.

Plus, once you create one strategy, you'll want to keep creating more and more. Trading multiple uncorrelated strategies will allow you to be diversified, and that is the closest thing to the trading Holy Grail that I have ever found.

Good Luck!

Kevin

Follow me on Twitter Reply With Quote
  #5 (permalink)
 Bosch777 
Ireland
 
Experience: Intermediate
Platform: Ninja Trader
Trading: CL GC FDAX
Posts: 118 since Jul 2012
Thanks Given: 89
Thanks Received: 55


Gerard000 View Post
Good afternoon,

I'm really new here but I have a question for this community.

I have experience in stock- and option trading, but thats only based on simple basic principles like TA, Fibonacci, Elliot Wave, etc.

To make it a lot more professional I want to buy a trading system but does anyone know which are decent sytems (or have the folks here at Big Mike's all self-made systems?) ? I've heard about MTPredictor and Mohan's Boomerang Day Trading.

Do some of you know if these are good systems and/ or do you have some other suggestions for a good trading-system? I hope to hear from you.

Thanks in advance!

Dont know about the predictor thing but i do know the boomerang one from mohan is not a system in the automated sense. Basically its a collection of a rake of indicators that you need to babysit until you get the "signal". Then you have to decide whether to go or stick!! Kevin is bang on. Do your own. Its quite a slog but wayyyy better in the long run. Plus you will learn a while lot more along the way instead of gazing at someone elses lights and bells...

Reply With Quote
Thanked by:
  #6 (permalink)
 Bosch777 
Ireland
 
Experience: Intermediate
Platform: Ninja Trader
Trading: CL GC FDAX
Posts: 118 since Jul 2012
Thanks Given: 89
Thanks Received: 55

.......anyone know how I can give myself some thanks?? LOLLL........

Reply With Quote
Thanked by:




Last Updated on November 28, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts