Piphunterss wrote: Thu Nov 07, 2024 10:39 pm
My intention were not to hurt or discourage anybody work nor to discredit hard work of creator effort to put up a system to share free of cost on public forums , i will rephrase my comment now in more simpler way , there are literlly 11000 downloads of this system and none has posted or shared statistics based of this system , as mrtools posted his trades he took using this system , if a system is downloaded so many time there should be statistics shared on that basis so we can update modify and create more better version , that was my whole point guys cheers . whoever has traded o rbeen trading this system should share his rr and win rate for comminty to see .
As someone who went through the whole thread (taking notes, going through books, lectures, etc.) I would like to give you my honest opinion about your comments.
I am unsure if you did the same (reading through) with your research or if you would like to see only "statistics" and apply the BeatsV5 trading system as a "mechanical trading system"...
The system itself consists of different parts, which would even be hard to list here. And it is not just about the contents, but all the different approaches integrated into one system. Each element of it should be studied before use and their mechanics to establish your own trading strategy. Beatle was so kind to create this system, which is an amazing system, but if you do not do your homework then it would be just the tip of the iceberg and you won't be able to reach the full potential (or any consistency at all).
In my opinion, if you don't have knowledge of the contents, you won't be able to find any prime trading setups (entries). The possibilities are endless and without a proper overview you have no chance in any market circumstances even with that amazing system. There are deeper layers within, which you need to claim before you can evaluate it and share your opinion.
Also my opinion, I think you should think of Beatle's trading system(s) as a fully equipped framework in which you have to select the elements you want to apply to your trading strategy. If you read carefully, you can find tons of hidden gems between the lines from other's shared experiences and also essential notes from Beatle on what and how to look for.
And we only spoke yet about the trading framework and there was nothing about trading psychology. This is an absolute game changer to become consistent, yet so undervalued among those who just grab the system. And in this thread, you can find also the sources to develop in that field of trading, which I assume is the most important segment. Without proper mindset, discipline and plan you won't be able to execute trades consistently profitable in the long run.
So statistics alone would not help you in your own trading journey.
Don't feel offended this is just my opinion.
And I am also curious how my understanding is evaluated by experienced traders and contributors to this thread. I appreciate any feedback.
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