If one system is not working for you, try something else. You are the master of your own trading, nothing and no one is stopping you from switching from one thing to another. Don’t be afraid to try new things and to experiment until you find the system you’re pleased with.
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Insightful… So much sense
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I would review the speed at wich you apply your strategies too and test it on old charts and blind yourself to the future. It’s not nice wasting your time so try to power through your research stage a bit.
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You know, some persons are just too dogmatic with their approach to the market. The market is swift, so we need to be flexible enough to complement the market. Even when that means making some drastic changes.
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This is constantly happens with everyone. I think no progress. Personally I need to slow down before I can accelerate. Sometimes it is simple rest. This helps me to look at the things with fresh sight. If it doesn’t help I start to analyze deeper and to study more in order to speed up the progress.
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In my opinion, one needs to find a balance between their trading plan and their need to be flexible. But there should always be a trading plan.
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wow reading through this thread, makes me realise just how much I have to learn! thanks for the thread op very interesting
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really appreciate this comment.
It also helped me on planing my trades
Thanks
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Hi Ria_Rose, Nice to hear that youve been using HLHB system for your trades. If you feel that you arent making any progress as you should, just review your past trades and see what went wrong so that you can make necessary changes. There is probably just a missing link and all will be well once you find it. Success wishes
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Okay @midwest! 
Thank you so much for your wise words. I’ll keep these in mind. 
I’m also happy that after all your hardships, you’re now doing well with your trading.
Oh. 
I wanted to do this before, but I ended up just writing things down. I also thought that since I have a trading journal here, I could just look through it to see the trades I’ve taken. 
But, I think it would be also be good for me to just keep a spreadsheet. 
I’ll do that! I just need to familiarize myself with the tools and I’ll get one started once I finally decide to have a go at a trade!
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Ooooh. Sounds really interesting. Which systems have you tested already? How did those work? I’d looooove to know more about them. Huhu.
Aww. Thank you so much for the support Bacon! 
And sorry for always being a pain. 
I’m not yet opening any positions or anything like that, but I’ve already cleaned up my chart. Like you said, once I get back in the game, I guess I wanna start on a clean slate.
Yeah. 
I think we’re super blessed and fortunate to be guided by the experienced traders here. 
I’ll take a breather, but I’ll come back stronger!
Hi @Alekxandra! How long have you been trading? Are you following any system right now? I hope you haven’t given up on forex trading. 
I hope we could share strength and positivity to overcome these challenges!
Hey. The first system I tested was a Pivot Point auto generated S/R breakout thing. You check the trend on the D1, wait for MA breakout or S/R breakouts in the H4 and take a trade. I tested this on 2018 data on 6 pairs and found that it had a 53% win rate and with an average R:R of 1.8. The problem with it was, trades would run for way way too long and backtesting does not account for all the negative swap you’d take up which would eat up in your profits. 70% of the trades lasted from 11-30 days, way too long for me.
So that was that.
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Hey. The first system I tested was a Pivot Point auto generated S/R breakout thing. You check the trend on the D1, wait for MA breakout or S/R breakouts in the H4 and take a trade. I tested this on 2018 data on 6 pairs and found that it had a 53% win rate and with an average R:R of 1.8. The problem with it was, trades would run for way way too long and backtesting does not account for all the negative swap you’d take up which would eat up in your profits. 70% of the trades lasted from 11-30 days, way too long for me.
So that was that.
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Hello Rose. Not at all! Your are not the only one. (hear the U2 song, Staring at the sun ) I think most of us have to get to that point. I think the hard thing of following someone else’s system, is to adapt it to your trading style. And here, style doesn’t mean “superficial” preferences or choices, its really who we are, with our limitations and the way we work.
In my case, I try to adapt the systems to my preferred time frame, to my budget and to the amount of time I can trade each week.
So, how about if you analyze again HHLB and decide if it’s the best for you? Or maybe adapt it to your needs. Or maybe, step back to a reeeeeallly simple system, like 2 EMAs crossover and RSI(50) for reversal confirmation? And put that together with catching weekly W A A A and M V V V patterns.
Hope you get over this and start having fun again.
Regards
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I can understand that feeling when the trades start fetching you good results and you are so confident that finally you have grabbed the hold offer Forex trading and then one wrong step brings you back to your initial equity. In such a situation I would recommend you to go small with trade size till the time you have more wins than losses. Playing with small trades boost your confidence and also safeguards your equity from severe drawdown’s.
In the end it’s all about practice and experience. The more your will trade, more will be the positive outcome from your trades.
Also, I would recommend you to change your broker and do a little research on new strategies. That would surely extenuate your knowledge.
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