I have been wondering if anyone is able to tell me if this is accurate: ‘‘The more people know and use a trading system or strategy, the easier it will be to counter and/or break it.’’ I have been thinking of sharing my signals and ultimately helping a small amount of people over the next couple of years (along with myself) but wouldn’t want to break my trading system in the process. Your thoughts on the matter are appreciated.
Contrary to what someone from another thread was trying to get everyone to believe rolls eyes, institutional traders don’t troll the Internet looking for free systems or signals posted by random people (you don’t become an institutional trader by lurking on babypips, therefore you wouldn’t be lurking on babypips after you become one). You will by no means dilute your strategy or your signals by making them public. Most “systems” are bound to fail as they were more then likely developed using curve fitting, which means they probably wont work that far into the future, edpecially when the market environment will undoubetly change. Claiming it failed because it was made public is a nice way to feel better about it. Have no worries, there will be no impact to your system or signals whatsoever.
I doubt whether there is any truth in that claim. Market prices are influenced by order flow/demand and supply. At certain interests points ( support and resistance, fibs, round numbers and such) there is a marked increase in orders and price will move to the direction with more buyers/sellers.
Just make sure that your “system” is based on these levels to increase chances of success