bredin wrote:Braathen and Pro,
I have also tried the find a system that hemorrhages money and take the opposite trade and the same thing happened to me- they still lost money.
So its not just newschool who cant code.
I think what causes a mechanical system to lose money is two things.
1) exits, which are hard to code, and
2) filtering bad entries, which is also hard to code
G. (glad to see someone can use RSI)
The point is NOT that you guys cant code.
It takes a hell of a trader to turn on an ea and make consistent pips.
But this trader KNOWS exactly when to turn it on and EXACTLY when to turn it back off so it doesn't self destruct.....LOL
An unsuccessful trader will NEVER be able to trade an ea without it eventually cratering. Too many variables.
And you've both stated that you've tried.......and failed....get the picture.