Not one system or EA here is worth putting real money into

That is your statement? I understand now. 😎

My initial quibble was the inability to sort and filter systems so I didnt have to go through all the bogus ones and the ones that were clearly destined to fail.

In fact, here is one 'successful' one who claims 5% per month and I queried him on why he didnt post his historical trades and that by only posting percentages, he could manipulate what we were reading. Also, on this site he claims a 31% drawdown and yet on another fx site, it shows him with a 80%+ drawdown (you should read the entire thread - its quite enlighteneing) and here was his reply.

superscalper posted:
@conorp i don't need to do something to proof you something ! I never told i was genuine. I just told, i earn much money with my system since 8 years.

You don't need to see my closed trades. You are too curious, and i don't like how you are talking. You can see my system on myfxbook works since february.

So go to dream about EA and leave me alone :)
Regards

Reading between the lines here, it seems to me that his system is making money (from subscribers), but his trading isnt. I could be wrong, but since he wont provide us with his historical real trades, there is no way to know what hes up to. If he has any subscribers here, maybe they could post their real historical trades.

Im afraid this site is full of this and tough questions need to be asked of the EA or signal providers and an understanding of the relationships between the statistics that are displayed are needed before you should invest in any of them. Even then, there is still no guarantee that what you are reading hasnt been manipulated in some way. The only way to figure it out is through testing it on a micro account before putting serious money on the line.

Remember, you are responsible for your own money. Everyone else is going to be trying to take it away from you. No one will give you a free payday. Thats the way the markets work. lol

You can test my pamm account you know. You can create a demo account and link it with my pamm account. It's good way to tes me.
Regards

@conorp

Well, greed and want to get rich quick the main factor that people gets to be manipulated easy when these people see the profit figures. When they sees that, they start to do the math and of course, it usually outstanding. So, who's benefits this the most? The one who gets paid for the product sold. 😇

Once paid, you are on your own. 😇

@superscalper
If you want to sell us something superscalper, show us the proof it works.
- You want us to pay you money for your system?
- You want us to trust our hard earned money to a system that we cannot even see historical trades on or verify its accuracy?

I say it IS up to you to prove to us that your system works. If you cant, then its obvious that your system is bogus.

@conorp You don't understand ?! I sell nothing. I can't sell my brain. And i don't need to proof you something. I use the same strategy since 8 years. Try to think next time.

well just in case i was adressed... I am not working for a brokerage company (never was), just used couple of them for some time so I have a certain idea how they produce income.

conorp posted:
My initial quibble was the inability to sort and filter systems so I didnt have to go through all the bogus ones and the ones that were clearly destined to fail.

In fact, here is one 'successful' one who claims 5% per month and I queried him on why he didnt post his historical trades and that by only posting percentages, he could manipulate what we were reading. Also, on this site he claims a 31% drawdown and yet on another fx site, it shows him with a 80%+ drawdown (you should read the entire thread - its quite enlighteneing) and here was his reply.

superscalper posted:
@conorp i don't need to do something to proof you something ! I never told i was genuine. I just told, i earn much money with my system since 8 years.

You don't need to see my closed trades. You are too curious, and i don't like how you are talking. You can see my system on myfxbook works since february.

So go to dream about EA and leave me alone :)
Regards

Reading between the lines here, it seems to me that his system is making money (from subscribers), but his trading isnt. I could be wrong, but since he wont provide us with his historical real trades, there is no way to know what hes up to. If he has any subscribers here, maybe they could post their real historical trades.

Im afraid this site is full of this and tough questions need to be asked of the EA or signal providers and an understanding of the relationships between the statistics that are displayed are needed before you should invest in any of them. Even then, there is still no guarantee that what you are reading hasnt been manipulated in some way. The only way to figure it out is through testing it on a micro account before putting serious money on the line.

Remember, you are responsible for your own money. Everyone else is going to be trying to take it away from you. No one will give you a free payday. Thats the way the markets work. lol

You are so right, no free payday, you have to earn it lolz

conorp posted:
My initial quibble was the inability to sort and filter systems so I didnt have to go through all the bogus ones and the ones that were clearly destined to fail.

In fact, here is one 'successful' one who claims 5% per month and I queried him on why he didnt post his historical trades and that by only posting percentages, he could manipulate what we were reading. Also, on this site he claims a 31% drawdown and yet on another fx site, it shows him with a 80%+ drawdown (you should read the entire thread - its quite enlighteneing) and here was his reply.

..........

Reading between the lines here, it seems to me that his system is making money (from subscribers), but his trading isnt. I could be wrong, but since he wont provide us with his historical real trades, there is no way to know what hes up to. If he has any subscribers here, maybe they could post their real historical trades.

Im afraid this site is full of this and tough questions need to be asked of the EA or signal providers and an understanding of the relationships between the statistics that are displayed are needed before you should invest in any of them. Even then, there is still no guarantee that what you are reading hasnt been manipulated in some way. The only way to figure it out is through testing it on a micro account before putting serious money on the line.

Remember, you are responsible for your own money. Everyone else is going to be trying to take it away from you. No one will give you a free payday. Thats the way the markets work. lol

After couple of years trading i am not that sure I know how markets really work, anyway.

The most important question is do you believe any signal provider will generate you money in terms you are looking for extended period of time (like 3 years plus)?

There are some really smart guys out there and from a certain track record you would be a holy man or a complete idiot to sell profitable 'signals '.

So do i think selling/buing signals is a bad idea ?... no not really. To use such a signal/TA might be a very profitable thing. As a diversifikator or as an indicator.

Let use me as example. I met a very educated and higly skilled young man who asked me to provide some signals fo his intended project. Well he suggested the broker and myfxbook as the proof for 'possible customers'.

I have to admit it was for the first time in my life I heard terms like MT4 (heard about it never used it), selling signals, TA...so i opened the account and put some pretty aggressive trades in EURUSD on..... Well I used just part of a diversified portfolio strategy, obviously the most risky one.

I do not predict that I could make this type of gains for an extended period of time. But such a signal might be of some value for somebody who knows how to use it as it might reflect part of the market behaviour. Not doing any advertising here :-)) not even sure for what....

Btw. I produced a ridiculous DD as I was not able to utilize this 'interesting' MT4 platform properly :-) Thats what can be excluded but there is a natural limit to such a approach ......

Thats just my point of view....

FYI, here is a live trade I have just taken

2contracts BTO Crude Light 104.49 stop 104.31
T1 104.91
T2 105.13

I really like your way of trading conorp, it sounds like you have found some loop holes in the system, and broken out of the box trading that everyone does here!!!

Too close to the retail #. Closing both contracts +.19 c

I dont like to be in trades at the time of # releases. Its just gambling.

Well, you made money for the day, and not a loss. I just closed 164.5 pips on the gbp/usd.

Lol. Both targets filled. But I was too cautious. However, thats the way I play the game. If the # wasnt coming out, I would have stayed in the trade.

that is why I dislike EA's, they do not have that trait built in, like you, if it does not feel right I get out.

If you guys can stay like that, it is fine I think. The problem is when the emotion starts to take over our judgement. So, EA is meant for this. 😎

I will agree with you, I have friends that probably need to be on an EA, because of that issue. Controlling emotion is a large part of trading, and after 7 serious years I just stick to my guns, and have little emotion anymore, if I miss a trade, oh well, there is always another trade is what I say to myself.

Hm... I don't think there is absolute method of trading we can follow... For me I believe every trading method, or I rather say system reflect its trader.

There is no problem trading with EA, or manual. Every trading systems are profitable and also can be loser. There will be time we need adjustment for our trading system. Same goes to EA and manual trading.

I see many trading system profitable years ago and now became loser. A little adjustment, maybe... you can extend your trading system life-span.

For me EA is the choice because I don't have the time to trade manually. I don't dislike manual trading though. Manual trading always the best, I think. 😉

Now, just have to make my EA works like it should. 😎