The good old trading system hopping. ¬†How often do you hop from system to system? ¬†Do you hop from one forex robot to another? ¬†Do you keep trying different technical indicators? ¬†Do you keep searching for the new chart patterns? ¬†Do you keep searching for the new moving average crossovers?
I used to be in that category. ¬†I used to engage in trading system hopping. ¬†I used to go on various forums, especially the Forex Factory trading systems forum, and start trying out every trading system I could get my hands on.
Let me list all the various systems and robots that I tried, for there were many.
- Mouteki method
- Sidus method
- Firebird EA
- Vegas Tunnels
- Bagovino method
- BAT system
- Pipboxer EA
- Probably every moving average crossover you can think of.
There were many many others that I probably forget their names. ¬†Good thing I don’t remember them. ¬†I don’t want to clutter my mind remembering such pathetic systems. ¬†I would rather clutter my mind with ten or twenty different order flow generators and scenarios that can actually move the market. ¬†I would rather clutter my mind with information that can actually make me a boatload of money as opposed to taking up a boatload of my time generating losses.
Eventually while I was learning order flow trading, I sat down for a few deep thinking sessions and truly asked myself why all these systems that I previously tried failed. ¬†Eventually after having placed many order flow related trades, it¬†occurred¬†to me. ¬†All these systems did not measure the true foundations of the market. ¬†They did not help you figure out why the market was moving. ¬†They did not help me figure out what the market is pricing in. ¬†They did not help me figure out what the market sentiment or market sensitivity was. ¬†They were all fooling me.
I didn’t want to put myself through that pain. ¬†Trading didn’t have to be that hard.
Eventually I settled into my own cozy order flow super system. ¬†I never went back to those pathetic technical indicators and forex robots. ¬†My urge to do so has been completely removed. ¬†There used to be a time where I used to jump straight to the forex factory system forum and read all the new threads there. ¬†But now I can take satisfaction in knowing that I probably have not viewed a post from there in months or years. ¬†It is a great satisfaction.
That doesn’t mean I don’t search for new trading systems or strategies and techniques. ¬†I most certainly do. ¬†But I have learned that they need to be rooted in some sort of order flow analysis. ¬†Something needs to happen for the market to move. ¬†And that something needs to have order flow behind it.
Do you think rich traders and hedge fund managers hop from¬†system¬†to system? ¬†Do you think they look for the next great forum thread? ¬†Na, none of them do that. ¬†They certainly look for new investing and trading strategies. ¬†But they have learned what to look for. ¬†They have learned to look for the things that can actually move the market. ¬†Many of them choose global macro.
Most of them are engaged in a far more lucrative game of being plugged into the order flow, information flow, and trying to catch the global macro trends.