from looking at this forum I can see that everyone is trying to invent more or less his own trading system.
I wonder if there are really no profitable ones out there to adapt.
I mean looking at popular franchises like mc donalds, wal-mart that all do the same in each and every city and being successful there gotta be some strategies out there that a disciplined traders can purchase and execute and well get decent profits.
I am pretty new to this business but from looking at the following results, I think its possible to purchase an already working system and just trade it:
there are many profitable "systems" if you mean something that tells you when to buy like a signal generator. the issue is indicators never made anyone money, except the people selling them.
most traders turn what you would consider a profitable system into a losing one because of the mental aspect of trading, the lack of following rules, the lack of a well executed plan, the lack of money management, all that.
for instance you may spend weeks or months developing a new indicator based entry. you love it its fantastic. then you take a few stops and what do you do? you go back to the drawing board and make changes and add more indicators and new settings. rinse repeat.
"Let us be thankful for the fools. But for them the rest of us could not succeed." - Mark Twain
I would like to do my trading like running a mac donalds restaurant: someone gave me the instructions how to run the restaurant, I dont change the rules, I simply let the customers come in and make money over time...
Do you know any institutions that evaluates trading systems, so I can be sure when signing up for one it is the best "franchise" available (e.g. one that does not fail on the test of time)