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.