Sunday, 3 June 2018

Trend trading has no edge 80% of trends fail and lose money

Micael covel makes money from selling books, seminars and education.Those who can trade trends trade for a living, those who can't write books and selling seminars for a living.Trend following does not make money.
charlatan educators
How much misinformation is posted in the internet ,books,analysis, quack forums, seminars etc etc etc?Just imagine 20,000 trading books, there is only one road from A to B ,yet traders are bombarded with 20,000 maps, one indicator does the job yet there are over 5,000 indicators on mql4.com site.If a driver had 5,000 indicators, he would not not which direction to take, in his very simple journey.

 https://community.ig.com/t5/General-Trading-Strategy/Trading-misinformation-Quack-views-on-brokers-and-trading/td-p/26398
Trend following not working on my 7,000 backtests !

 http://www.trade2win.com/boards/trading-systems/226850-trend-following-not-working-my-7-000-backtests.html

Why 80% fail at using a trend following technique to trade the forex




Why 80% fail at using a trend following technique to trade the forex
Trend trading failure of trend breakouts
THE TREND IS YOUR FRIEND UNTIL THE END WHEN IT BENDS.

Trends are only visible in hindsight , as image example below shows .Most trend traders lose money in chop , when breakouts become consolidation zones.There are more trend failures than trends materializing , most traders lose money trying to find the illusive trends.


The difficult journey making profitable EAS
The previous versions have been caught in choppy markets , as per images.The Eas are good bit the markets are very choppy, I am bringing out newer versions advanced versions to make money in choppy markets.
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