FX Viper Live Master Account (By forex_trader_135331)
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FX Viper Live Master Account Discussion
Feb 14, 2017 at 07:50
Member Since Feb 13, 2017
3 posts
This trader is only in it for the rebates, He is impossible to reach when he goes into a drawdown and holds trades against the trend forever.
In the past he has held trades that have gone 1000+ pips in drawdown and kept them open for over 12 months just because he's afraid of closing a losing trade.
It's the worst kind of strategy and is virtually guaranteed to blow up one day.
Stay away!
In the past he has held trades that have gone 1000+ pips in drawdown and kept them open for over 12 months just because he's afraid of closing a losing trade.
It's the worst kind of strategy and is virtually guaranteed to blow up one day.
Stay away!
Feb 15, 2017 at 07:16
Member Since Feb 14, 2017
24 posts
He's a good trader with low drawdown which is what you want. I just would like to see how the strategy would handle a flash crash against one of the pairs he trades and how he works his way out of it as just buying/selling the one way in an almost martingale like fashion could prove dangerous.
Feb 15, 2017 at 07:37
Member Since Feb 13, 2017
3 posts
joeypro posted:
Well this trader gave me a 14,15 % clear profit on my investment for the year 2016 !!!
Not many banks could give that !!!
Thanks Jeff
How can you compare this to a bank???
You made 14% in a year with the risk of losing everything.
The fact that you think you've done well in 2016 is scary... You really don't understand the risks of what you're doing with your money.
He only closes winning trades letting the losers run forever and one day he's going to get this very wrong, when he does you'll walk away with nothing.
However he'll still have made money from you through his rebates...
There's only one winner in this equation, and it's not you.
Feb 20, 2017 at 08:46
Member Since Feb 13, 2017
3 posts
stevehu10 posted:
He's a good trader with low drawdown which is what you want. I just would like to see how the strategy would handle a flash crash against one of the pairs he trades and how he works his way out of it as just buying/selling the one way in an almost martingale like fashion could prove dangerous.
All you need to do is sort his trade history by trade duration and you'll get your answer.
You can see some trades that have been held for 298 days that went 765 pips into drawdown before recovering and his average winning trade is only 8 pips.
It's nothing more than a time bomb, when the EURUSD stops dropping he'll probably blow up.
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 13, 2017 at 15:28
Member Since Feb 11, 2011
1916 posts
trying to reproduce his strategy on demo...does not seem too complicated
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 13, 2017 at 15:28
Member Since Feb 11, 2011
1916 posts
stevehu10 posted:
He's a good trader with low drawdown which is what you want. I just would like to see how the strategy would handle a flash crash against one of the pairs he trades and how he works his way out of it as just buying/selling the one way in an almost martingale like fashion could prove dangerous.
would be doing great ..only selll ..so the last crashe the went down..and down..and down very easy to figure out
Mar 13, 2017 at 15:55
Member Since Jul 08, 2014
435 posts
stevehu10 posted:
He's a good trader with low drawdown which is what you want. I just would like to see how the strategy would handle a flash crash against one of the pairs he trades and how he works his way out of it as just buying/selling the one way in an almost martingale like fashion could prove dangerous.
I would imagine he would be okay, as his risk per trade isn't large, so it wouldn't escalate out of control quickly.
Keep at it
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 14, 2017 at 07:22
Member Since Feb 11, 2011
1916 posts
the main trend has been going down the road for the last 8 years ,so he's been selling for the last 8 years period
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 14, 2017 at 07:24
Member Since Feb 11, 2011
1916 posts
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