RISE AUDCAD Discussion

Awesome work Bob.

So if I'm understanding this system correctly it's never going to make you rich but is designed to provide a secure steady income stream from an investment. Seems to work across most currency pairs BUT it only works on non US accounts.

Question..... Is it possible to run it as a PAM account off shore for US citizens? Not sure if that is possible or legal being a non US citizen.

No, the problem is that US trader are being forced to use US brokers and the government controls what the brokers can do. The best thing for me is to go off shore myself and trade from there. However, the Passive Income Generator works well in the US. It closes all the open trades at the same time for a total profit. There will be some of the trades that do close for a loss, but the positive trades cover for the losses and also makes a small profit. The PIG has been averaging about 2% a month.

But Rise is a true no loss program. Not perfect but stable and I think that there will be a few people who will appreciate something like that. Thanks for starting this thread. I will use it to answer questions about my research and lets see if we can figure out how to block trolls.

Bob

Mate it's your thread so all you have to do is go to the Profile page of anybody you don't want to comment on your thread and click the block icon near their profile picture.

Here's the first two you'll want to do!!

https://www.myfxbook.com/members/forexpipcatcha
https://www.myfxbook.com/members/forexpipcatcher

😎

This is a brief introduction to the topic of systemic trading systems. Systemic is not to be confused with systematic trading which has been around for many years. The plan was to, not try to teach computers to trade like humans, but to redesign the system to take advantage of the computers strengths. In other words we created a system for the computer based on mathematics.

There are four different systems, all systems can be down-loaded free and used on a demo account for as long as you like. We encourage this as we want you to know that you can trust your robot before you actually put it to work for you. Not a new idea, it is called 'Try Before You Buy' and is the only fair way to determine if a program is right for you.

We can talk about any new way to trade or invest, but any questions about buying something, referrals or anything business related should be sent to Mary at [email protected] I am an INTJ personality type which is much happier staying away from business than even making money with one, so with that one exception I am glade to meet here and examine new ideas.

A good intro to our new way of doing things can be found at Forex-Assistant.com, there is nothing to buy there either so go ahead and see what we have been doing the last 7 years or so.

Phoenix is my latest research project, its not ready for prime time yet but you're free to try it out and make suggestion and comments, but I am not ready to make it available for sell it yet, even to traders that could work with it. It still needs something.

Silverthorn, since you were good enough to get this thread started, would you like to start the ball rolling?

Bob

It may be splitting hairs but to achieve the goal you had in mind you had two choices. Either take a more conservative instrument and dial up the risk to achieve the return you had in mind or take a high risk instrument like Forex and dial down the risk to achieve the return you wanted at the level of risk you required.

What your group appears to have successfully done is take a volatile instrument and placed it in an environment that is largely in your control. Kind of like a thermonuclear reactor.

The question of why Forex is obvious because all currencies have a sweet spot created by controlling interests (Governments) that want them to be at a balance with other economies and can do so through tariffs, interest rates etc. and a currency should always return to this point. This places all currency pairs in a perpetual range when viewed over the long term.

I believe it's for that reason you chose Forex?

Myself, I have an immense risk appetite. I'm like a bomb disposal expert who works in a high risk environment but stays safe by following time tested safe work principles. Sure I'm missing a few fingers and I'm blind in one eye but I get paid well to be good at what I do!!

Point is. Many Traders may see the returns your system is producing and scoff at it but even for a high risk trader and as part of a balanced system this EA is gold!!

It's like the safe haven that you can return your money to so it continues to grow behind a blast proof barrier.

What I'm trying to say in a rather long winded way is for investment and steady income (subject to back and forward testing) your system looks at this point to perform exactly as described. But if you are a high risk trader and can look at the big picture you need to be looking at systems like this one to be running on your holding account.

Since we wanted a system that we could use in our retirement, we focused on safety. But as safe as we could make it, we still diversify every chance we get. Different brokers, different systems, and even different markets.

I think most good traders would consider a safe program especially for the time when they just don't want to personally trade any more, but I liked your high / low risk system, would you mind sharing here for those that are reading this later? I would like to learn more as well.

Bob

I understand your motivation and do respect it but you may be selling it to only part of the potential market. My point is that I think that many High Risk traders overlook the value of a system like this in an overall well balanced plan. Your focus may have been for retirement income but the value of a secure system goes way beyond that and is an important part of a high risk system as well.

The only difference between a high risk trader and a gambler in my opinion is that a gambler is surprised when he looses. I know how much I have at risk at any time in any of my systems (2% OR LESS) and also know what the probability of loosing is (HIGH). I truly only put at risk what I expect to loose. And I do expect to loose. When the high risk pays off I receive a windfall profit. I then very quickly need to move that profit to a safe haven. This looks like a very safe haven.

I'm sure there are plenty of traders out there who don't balance their books and place excessive capital at risk but that's what makes the 98% what it is. Risk is not the enemy. It is a powerful tool that need to be controlled. The rest of your capital needs to be in the bank, real estate, Government bonds or a high earning safe haven like this.

Your complete solution for retirement is another excellent blade in my Swiss Army Knife of trading.

Well, I have to admit that I never thought about your point and had just assumed that traders only were interested in the high risk / high reward aspect and would not be overly impressed with our low risk methods. I learned something today.

Bob

Differentiate between Successful EA Traders and people who want a lottery ticket. Anyone who buys the BS that EA trading is easy is in for heartache and not a client of yours. Getting a successful EA portfolio is as hard if not harder than manual trading IMO. Just requires a different skill set.

Just counted and I have 271 EAs !!!

I only use 7 of them regularly.

Funny thing is that 4 of those cost me nothing!!!

I have over 20 being tested and optimised.

11 being run on cent accounts.

Not many would invest in that many EAs and have what it takes to decide not to send them live but that's what it takes. Like Manual Trading, cut your losses early and let your winners run.

Mature Automated Traders understand this. It's the same risk reward scenario but on a different playing field.

This EA makes so much sense to me and I have to say I haven't been this excited about a new EA for a long time.

Thanks for the Kudos, I'll take them. Believe it or not, talking about what you have accomplished can be more stressful than actually doing the work to accomplish what you set out to do. But teaching is something that I enjoy and learning is like food and water to me.

So it's good to be able to meet up with others that want to know different ways to trade and make money. We focus on safety but anyone can talk about other different ways of doing things that seem to work out better than the establishment.

I would like to welcome everyone who contributes to our knowledge by posting here and thank you for taking the time to do so.

Bob

The Profit factor for this account is 3700.

What that means is the sum of the profits,divided by the sum of all 2 losses = 3700

I would like to know if there is other things out there that is higher and what they are called.

Bob

Martingale? I see 10 open trades and all of them shorting the AUD/CAD

Martingales only have one open trade at a time, you can tell a martingale because the trade size doubles on every loss. You have to look into the trade history to tell what kind of a system you have.

When you look into the history of RISE you see that they are all for profit, a Martingale doubles the losers.
A martingale is only one type of a recovery system. It also doesn't work very well. However, there is a recovery system based on the Fibonacci sequence that uses PHI that works like a dream.

RISE is a split grid. A standard grid doesn't work all that well but a split grid is a different story. Let me know if you want to know more and I'll point you in the right direction.

Bob

Haven't had a chance to get back to this one in a while Bob. Been busy working on a bug in one of my EAs. Rise looks good on the right pair with stable growth but not really the type of EA I would trade.

I'm going to run some tests on your other EAs as soon as I get some free time.

All up as I said. Looks like a good stable work horse but not exactly my cup of tea. I'm afraid I'm just too much of a thrill seeker. 😇

I appreciate the feed back. As you know this was designed to be a retirement program and as such has to be safe but unfortunately, that means not as much return. However, it is as safe as bonds which are paying around 2% a year, annuities which are around 6 to 8% per year, or stock dividends paying about 4 to 5%. So in its right category, RISE is a great addition to the portfolio. In trading circles where people actually have to work for a living, well, yes they can make more.

Please let me know what you thought about the Passive Income Generator and Pegasus. And the book, how was it to read?
I can use all the unbiased feedback I can get.

Thanks again,

Bob

Mate thank you VERY much for the copy of Robotic Investing. It was a good read. Enjoyed it very much. Great writing style for the content. Again some views differ but our requirements and perspectives are very different. No right or wrong as I see it just differing requirements from the market.

Makes a great companion to Retire with EASE and brings a great deal of depth to your systems. I would recommend that anybody wanting to trade any of your systems read it first.

Great detail not only on the background and reason behind the EAs but also how and why they are constructed and managed.

For anybody interested the link is here.

https://forex-assistant.com/author/

Wow, that some review, thank you. I was thinking technical suggestions but was more impress with your writing, are you a journalist or writer in a different life? I would be willing to co author with you if you think it would be something that would be of value.

On a different subject, I have to take a little down time. A couple of days. Sometimes life can be a little overwhelming which is just Gods way of saying 'slow down a little.' Think I'll listen.

Cheers mate, (always liked that expression)

Bob

Hay Bob. This thread has gone a bit quiet!! Still kicking goals?😀