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Hi guys.. I am starting this thread for everyone who has experience with neural networks and wants to share his experience

I jacknie, Yes, I have a strategy which gives me a good amount of money consistently. If you want to learn my strategy - then let me know if you are interested. The major problem is this: Not every Trading-Method is suited for every kind of trader. It is like on any other business - One fails and the other is successful - Even if they do the exact same business ! I do not use indicators or EA's the way the majority uses them. I use an indicator which shows me the actual and last candlestick-pattern and the current market-info (PIP-Value, Spread) I use an expert-advisor which opens the trade for me - I just must tell the EA the entry-price, Stop-Loss and Take-Profit. Why do I let an EA do this job for me ? Easy: To avoid mistakes. The EA also prevents me to overtrade ! But the logic in means of entry, sl,tp comes from: My brain. I do not say that Indicators will not work or so - but I do not know anybody personally who make CONSISTENT money from indicator's or EA's Think about what is the basis of every indicator ? You got it: PRICE ! Why do so many people trade only the distorted reflection of price and not price itself ? What drives the market ? I will reveal it to you: BIG MONEY ORDERS. When 1000s of big orders are sitting at a specific price-level, the price MUST react. This means that the majority of traders must think that price will react at this level. Do you think that they have one magic indicator in common - NO. No wonder: Which indicator with which setting,... You got it: 10000 parameters - There could nothing be in common ! But what makes these people think that price will react at this level ? Their EYES and their PSYCHOLOGY ! What Time-Frame ? I personally use 4-hourly and daily, occasionally 1-hourly. Why ? Because the lower time-frames tends to contain lot of noise. The other reason why I use the bigger time-frames: They tend to be more successful (at least for me *g*) and as I am not a full-time trader (maybe soon), it can be traded even when you have a full-time job and it is not that stressful. I must say that trading less is ofter better than trading more (Quality instead of Quantity). It also saves you from "overtrading". Which pairs ? I mainly trade the majors, but Price-Action can be applied to nearly EVERY tradeable stuff. Trading has to be treated like a business ! You must have a trading-plan, you must analyze your trades, you must have a trading-plan which automatically corrects itself,... - You have to take this serious ! Also lots of people seeks for the holy-grail and jumps from one system to an other and do not realize: There is no holy grail ! You really must accept this and only then you will start to make consistent money. A very famous man said: You do not need to win every battle - You need to win the war (I think it was Sun Tsu or Sunzi,...). The name of the book is "The Art of war" and will be teached in lots of military-academies and also in many universities where they teach the elite of business -> But Sunzi got really the point: At the end of the month your winning-trades must overcome the losing ones. And: You can compare Forex-Trading also with war ;-) Search this site for: "naked trading" or "price action" - I am sure you will find many useful things. The problem is that you must find a way how to use them - I really trade BASICS, but when you do the BASICS the correct way, it will produce profit. Cheers fxfxfx One final note: There exist no "THE" system - there exist various system(s) which works - Choose one which suits your lifestyle... Of course evaluate if the system is able to produce consistent profits.... Second final note ;-) Most of the EAs works (at least at the beginning). Do you know why: Because they are curve-fitted ! When the market-condition changes they start to fail. Rice was traded hundred years ago with pure price-action. The words indicators or EAs were at this time unknown words ;-) These techniques all have withstood the test of time and were traded long ago and people still trade it.

David's the finest poster on this forum, bar none. Would hate to see him leave over politics and a war of words. Kardel, just do the right thing and we can all happily move forward. Thanks.