Hello

from looking at this forum I can see that everyone is trying to invent more or less his own trading system.

I wonder if there are really no profitable ones out there to adapt.
I mean looking at popular franchises like mc donalds, wal-mart that all do the same in each and every city and being successful there gotta be some strategies out there that a disciplined traders can purchase and execute and well get decent profits.

I am pretty new to this business but from looking at the following results, I think its possible to purchase an already working system and just trade it:

Day Trading Online Performance with the Unique Camarilla {b} Equation
Trading Examples
Forex Day Trading - Track Our Trading Room Performance each Market Session

On the other hand, some gurus that claim to be the best traders in the world (larry williams) is only up 700$ in his e-mini trading newsletter Larry Williams, Futures Trading, Futures Newsletters Track Records

Please let me know if you had some experince with purchased system, did they not work for you because of huge drawdown ...?

Cheers
Fragalles

there are many profitable "systems" if you mean something that tells you when to buy like a signal generator. the issue is indicators never made anyone money, except the people selling them.

most traders turn what you would consider a profitable system into a losing one because of the mental aspect of trading, the lack of following rules, the lack of a well executed plan, the lack of money management, all that.

for instance you may spend weeks or months developing a new indicator based entry. you love it its fantastic. then you take a few stops and what do you do? you go back to the drawing board and make changes and add more indicators and new settings. rinse repeat.

caprica 

there are many profitable "systems" if you mean something that tells you when to buy like a signal generator. the issue is indicators never made anyone money, except the people selling them. most traders turn what you would consider a profitable system into a losing one because of the mental aspect of trading, the lack of following rules, the lack of a well executed plan, the lack of money management, all that. for instance you may spend weeks or months developing a new indicator based entry. you love it its fantastic. then you take a few stops and what do you do? you go back to the drawing board and make changes and add more indicators and new settings. rinse repeat.

I would like to do my trading like running a mac donalds restaurant: someone gave me the instructions how to run the restaurant, I dont change the rules, I simply let the customers come in and make money over time...

Do you know any institutions that evaluates trading systems, so I can be sure when signing up for one it is the best "franchise" available (e.g. one that does not fail on the test of time)

fragalles 

Do you know any institutions that evaluates trading systems, so I can be sure when signing up for one it is the best "franchise" available (e.g. one that does not fail on the test of time)

Trading Systems | Attain Capital Management

Trading System Rankings at Collective2

Fully Automated Trading System - Online Trading Platform

I'm sure there are many others as well.

I love the way these web sites post "hypothetical" results.

Why don't they just post their real stats.

RJay

fragalles, you should try Day Trading - Strategies for Day Trading in the Financial Markets , one week free trial, and you'll see if it's fine for you or not.
I've tested them few years ago, and didn't like it: having just signals, without an idea of how deep your stops might be, no money management, no targets...

Just having a signal, "buy/sell now !!!", well, it's not enough.

if you go down that road of looking for others system to trade for you in 5 years you will be back to basics learning how to trade..... just my oppinion...sharky