2nd Showcase Account diskuse

Hi,

Because this is using different money management from 1st showcase account and it is trading less volatile pair then first showcase account.
First showcase account, the PAMM investors there want higher return that's why money management is slightly different.

Cheers,
SIM

Hi Sim,

If you really want to make it a great system, tighten money management even further. And also, widen your pip range slightly in the system. This would enable you the opportunity to work with better and more reliable brokers. Alpari UK and FXDD are good brokers to try. Give it a go.....you are onto a great system, and you have to experiment to succeed. Any serious investor would be very happy with a 25% yearly profit, so dont chase unrealistic targets and risk everything.

Regards

Hi,

Thank you for your advice and giving your view to improve my system, appreciate it.
Actually my personal account has very tight money management which only provide 2 to 3% monthly return. I myself always care about capital preservation, profit is secondary.

But for First showcase account, majority of investors are higher risk taker, at least they would like to take moderate risk than conservative. So i tune the MM to suit majority. In addition, when the PAMM account face high floating DD, many investors will withdraw their money immediately which is out of my control, this cause the equity drop even more, so big lotsize trades will be closed.

But i am sorry for my Forex signal subscriber, they lost 30% of their account because i had given them wrong advice on money management. I should ask them to trade my signal more conservative way. For those who would like refund of subscriber fee please drop me an email. Is my fault😞 !

I will try out other brokers such as Alpari UK.

Thanks again for your concern😄.

Sim

I would like to see a customer`s opinion!! Is there any out there? Thanks!!!

Hi Gabriel,

I noticed that you wanted a customer opinion...well I think I would vouch for SIM, I owe him that.

I am using his EU signal for my account and its been great, I aspect realistic return and he delivers that. I have to mention we did have a rough patch but it has been rectified and SIM has make some changes and been forthcoming plus generous.

You can look in to my account to see the performance starting september 2011. I have to admit I do sometimes put my own trade when it a fantastic double top or sort but 90% it his signal doing the magic effortlessly for me.

Feel free to ask, I will try my best to answer.

Cheers

Hello Karimaero,

Could you tell me what this 66% drawdown ''rough patch'' was due to? Sim's own account did not have such DD in September so I assume it was do to some failure of his signals not properly handled, is this the case?

Thanks

John

Hello,

This is not the master trading account that send out trading signal. The master account had -30% in September 2011. It is in private since the launch of my signal service. I have PM you the private link to take a look into it.

If you ask about the reason that caused the loss in Sept, it is due to over trading + broker problem. From my understanding to my broker, margin all only happen when my equity dropped to 30% (-70%), however margin call had happened to my account although i still have ~48% equity in my account. I have questioned the broker but i did not get very satisfy explanation. After all, it was my own fault because i had over traded my account. So i should not blame anyone.

Regarding signal handling, it has been upgraded since Jan this year. Until today i do not receive any bad feedback about technical issues. Maybe user can comment on this?

Regards,
SIM

John,

I think Sim has explained it.....plus I did mention I do trade 10% of it and incidentally it all happen at once that why it showed a Lower DD. Plus I got freaked out and tried to intervene which was disastrous. Anyway we since move on and its been good.

I have to mention that the previous copy signal system was not Ideal and now I think he has moved to SQL based system which is far better then the previous. If you want to know detail Sim would be the best to answer but as a user is been a pleasant change.

Hope this helps. Cheers

Nice martingale system, hope it lasts!

cool

This is a nice acceptable risk. Good chart!

Professor53 posted:
This is a nice acceptable risk. Good chart!

Hi,

The main focus for this trading system is generating consistent monthly profit month after month with conservative risk.

Regards,
SIM

hello
I wonder if it is possible you manage my accout. What are the conditions? fee, which the broker, what is the risk?

Does the system have any contingencies built into it for maximum position sizes? What would happen to the positions if we got a black swan event?
Best regards Steve

Hi Steve,

The trading strategy will limit the open positions to a maximum of 10. If it is following my money management, it will be around -20% equity DD when the 10th trades being opened.

Thanks.

Regards,
SIM

So, let us say there was a sudden 400 pip movement without any real retracement, what would the EA do in that situation?
Best regards Steve

Hi Steve,

This is Martingale strategy EA, it will continue open trades. The strategy will open the next position when the trend has the most possibility of retracement especially when it is going to open the 7th positions and onward.

When accumulated negative pips reach total of 1000 pips, the equity will down to 95%. At that point of time, the strategy need about 80 to 100 pips of retracement to get the entire basket in profit.

Thanks.

Regards,
SIM

Guys...there is a thing that i dont see people answer and is the most important thing to trust in a Report of an automatic system: Wich Spread u use in ur optimizactions or backtestings...i have strategies that are not profitable, but if a test with spread zero , suddently is a great Strategy...so be caution, and dont be cheated by that scammers. Grids , Martingales, backtest with irreal spread (zero) , sobreoptimization with huge Stop loss etc...

Hi,
Okay maybe I didn't explain myself correctly.

Looking at the trades it seems to open a new position about every 32 pips. So, if it opens 10 positions that's around 320 pips. What happens if there is a 400 pip movement and the EA has the ten positions open and the price never retraces to it's former position to allow these ten positions to close out. At what point does the EA decide to take the losses of the ten positions?

Best regards Steve