NFP «Aggressor-Heger» (by Network) Einfache Statistik
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NFP «Aggressor-Heger» Diskussion
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leerees

Mitglied seit Oct 20, 2010  75 Beiträge leerees Sep 19 2011 at 13:41 (bearbeitet Sep 19 2011 at 13:43 )

   SaltyWaters posted:
   Just one more thing. It seems to me that everybody here wants to become a money manager. For God's Sake you guys can't even manage your own accounts and most of you are just showing shameful systems and accounts.
By the way if your systems are so good why the desire to work for others by managing their funds. Isn't your system good enough to keep you happy. Seriously, I'm the opposite, I don't want to be stuck to a job of working hard making money for others while they enjoy life. I'm the one that wants to be free of worries and burdens. I'm the one that wants to enjoy life with the ones I love. The heck with the Money Manager job and the extra money that I may be making. I don't want a job. I want to be the one to has the time to spend what my system or strategy makes.




Salty I think you are missing the point, the reason people become fund managers is to raise funds.

Those who have developed profitable systems know that you are only going to make a little bit of money every month from a small investment. Therefore in order to get a boost to our incomes we offer our systems out in the form of fund management.

There are a lot of people here from poor countries or they live in the west where it's impossible to get any form of credit anyway. Fund management is the only way to get that big income boost now.

There is no 'burden' of being a fund manager if you go through a broker and open a pamm account, everything is done for you.

My account https://www.myfxbook.com/portfolio/lees-live/141252
SaltyWaters

Mitglied seit Mar 22, 2010  191 Beiträge 77z3-FX.com (SaltyWaters) Sep 19 2011 at 14:02
leerees,

I didn't miss the point and I was pointing to those in here that have no positive track record and want to manage other peoples money.

The 'burden' that I was talking about is in fact the feeling of guilty for losing other people's money but I realize now that that doesn't even pass by their minds. I guess 'worries' and 'burden' were the wrong words.


I have a PAMM account too for my family and friends but I don't consider myself a money manager indeed I'm not managing anything my robots are placing trades in their accounts only. They were the ones that ask me to include them in my trades and accepted the risk involved. Even though my systems are showing a good past Real/Live Track Record I may feel guilty if they lose their money if something goes wrong, that's a fact.

Don't get me wrong your system may be good but what I think is you should give it a bit more time to prove itself. I wouldn't invest a penny on a system just based on back testing.

Only individuals have a sense of responsibility. – Nietzsche
leerees

Mitglied seit Oct 20, 2010  75 Beiträge leerees Sep 20 2011 at 08:54 (bearbeitet Sep 20 2011 at 08:56 )
Salty,

My strategies work because I trade them manually, the only reason I tick tested my strategies was because I wanted to be sure the EA's adhered to the strategy perfectly. One of the EA's isn't even mine but the strategy is similar to mine, hence I took the EA and modified the settings to fit in with my requirement.

I have made 2 EA's now myself, one is a triple hedging EA and the other works on harmonic pattern reversals and price deviations on candles.

I am also working on optimising the elliot wave module for a commercial EA maker to produce profitable results, again there is no financial gain involved, I'm doing it for free so that everyone can benefit.

I realise that people need proof however like I stated in my thread I do not use myfxbook for promotion, I use it as a means to check my accounts when I'm away from home, which is quite frequently lately. Some demo accounts you might see in positive, some in negative, some may be deleted once I've finished testing a strategy. I'll leave lee's live open because it contains real money but don't expect a smooth equity curve as I also use this account for testing.

If you are so concerned about my EA's I'll send them to you and you can trade them yourself on demo. I have nothing to hide because I'm not charging anything, I don't plan to sell my EA's. I have absolutely no interest in scratching round on the internet for $97 peices of cheese.

I do however plan to offer PAMM accounts, maybe you could recommend a decent PAMM broker because as yet I haven't found one, pepperstone is mad slippage and requotes.

My account https://www.myfxbook.com/portfolio/lees-live/141252
SaltyWaters

Mitglied seit Mar 22, 2010  191 Beiträge 77z3-FX.com (SaltyWaters) Sep 20 2011 at 23:42 (bearbeitet Sep 20 2011 at 23:56 )
leerees,

I believe you got my words all upside down. I didn't mean to say that your system or strategy were bad. Actually I was browsing around seeing what other people were doing and your system/strategy caught my attention and I found it quite good for the short life it had in Live performance. Let me tell you I didn't like you putting others down to call the attention to your system and that's why I pointed it out to you. But that's not the point. The point that I was trying to show you was that no matter what a back test may show us we need to have it on a forward test either Demo or Real in order to get more credibility and usually we need a few months to a year at least to do that (even that doesn't guarantees us that something won't go wrong next day and the account blow) and here actually I did like your plan of taking the money out as soon as it reached your set level and keep it running for more.
Your plan is great! and another thing I pointed out was that it seemed to me that you didn't stick to your plan and something went wrong. Believe me I've done it too and I try my best to do not do any stupid thing out of my plans. I actually have my own robots too and just last year in June 2010 when I started one of my robots on a live account and when everything was going great I made a stupid move because (not a power outage but because I was traveling) and some of my trades didn't close because I didn't have the platform on, and then I decided to keep them open on the hope that they would go back to where they were supposed to close. Well, it took me 2 months or so to finally give up and pull the plug off and close them for a bigger loss than what they had if I had closed them right away. And that was another stupid mistake because right after doing that they went straight to the point where I wanted them to go for those 2 months. Anyway, it's been now 15 months on that Live account and that was the only negative month (-27.02%) that I'm having so far on my credibility time. Sorry to make you read this crap but it was just to illustrate the point of long term credibility test.
Again your system/strategy looks good and I wish you to succeed. Don't get me wrong but sometimes we need to hear from others in order to see clear (that is my case).

There's nothing wrong in making money selling your work or services as long people who pay for it will have good results with it and I encourage you to do so.

I have bought a couple of lousy EA's in the beginning of my trading life and didn't like the idea of being ripped off! Here lies my statement about those 'people who cannot manage their own accounts and want to manage others' through their EA's or services.


Regarding a decent broker for a PAMM account. I have mine with Dukascopy, though they don't have MT4 (they offer a bridge through a 3rd party but I find it quite expensive for the service) if you're willing to code for jForex platform Dukascopy is the broker to go.


Cheers,

Peace and success is all I wish to everyone!

P.S. With all of this talk I'm considering to open my PAMM account to the public too instead of keeping it just for me and my family and a few friends (something that I've been resilient to not to do due to the risk involved). But again and thanks to you mentioning 'There are a lot of people here from poor countries or they live in the west where it's impossible to get any form of credit anyway. Fund management is the only way to get that big income boost now.' if I can help others and make a little extra hey what the heck! As long people understand the risk involved in Forex Trading.



Only individuals have a sense of responsibility. – Nietzsche
leerees

Mitglied seit Oct 20, 2010  75 Beiträge leerees Sep 21 2011 at 17:48

   SaltyWaters posted:
   leerees,

I believe you got my words all upside down. I didn't mean to say that your system or strategy were bad. Actually I was browsing around seeing what other people were doing and your system/strategy caught my attention and I found it quite good for the short life it had in Live performance. Let me tell you I didn't like you putting others down to call the attention to your system and that's why I pointed it out to you. But that's not the point. The point that I was trying to show you was that no matter what a back test may show us we need to have it on a forward test either Demo or Real in order to get more credibility and usually we need a few months to a year at least to do that (even that doesn't guarantees us that something won't go wrong next day and the account blow) and here actually I did like your plan of taking the money out as soon as it reached your set level and keep it running for more.
Your plan is great! and another thing I pointed out was that it seemed to me that you didn't stick to your plan and something went wrong. Believe me I've done it too and I try my best to do not do any stupid thing out of my plans. I actually have my own robots too and just last year in June 2010 when I started one of my robots on a live account and when everything was going great I made a stupid move because (not a power outage but because I was traveling) and some of my trades didn't close because I didn't have the platform on, and then I decided to keep them open on the hope that they would go back to where they were supposed to close. Well, it took me 2 months or so to finally give up and pull the plug off and close them for a bigger loss than what they had if I had closed them right away. And that was another stupid mistake because right after doing that they went straight to the point where I wanted them to go for those 2 months. Anyway, it's been now 15 months on that Live account and that was the only negative month (-27.02%) that I'm having so far on my credibility time. Sorry to make you read this crap but it was just to illustrate the point of long term credibility test.
Again your system/strategy looks good and I wish you to succeed. Don't get me wrong but sometimes we need to hear from others in order to see clear (that is my case).

There's nothing wrong in making money selling your work or services as long people who pay for it will have good results with it and I encourage you to do so.

I have bought a couple of lousy EA's in the beginning of my trading life and didn't like the idea of being ripped off! Here lies my statement about those 'people who cannot manage their own accounts and want to manage others' through their EA's or services.


Regarding a decent broker for a PAMM account. I have mine with Dukascopy, though they don't have MT4 (they offer a bridge through a 3rd party but I find it quite expensive for the service) if you're willing to code for jForex platform Dukascopy is the broker to go.


Cheers,

Peace and success is all I wish to everyone!

P.S. With all of this talk I'm considering to open my PAMM account to the public too instead of keeping it just for me and my family and a few friends (something that I've been resilient to not to do due to the risk involved). But again and thanks to you mentioning 'There are a lot of people here from poor countries or they live in the west where it's impossible to get any form of credit anyway. Fund management is the only way to get that big income boost now.' if I can help others and make a little extra hey what the heck! As long people understand the risk involved in Forex Trading.





Thanks for the reply saltywaters it was very insightfull, sorry to hear you took a big loss, I'm not planning on selling anything, I will do pamm accounts but selling EA's is too risky as it's easy for someone to decompile them.

Your account and strategy looks very nice, candle deviations? ;-)

My account https://www.myfxbook.com/portfolio/lees-live/141252
SaltyWaters

Mitglied seit Mar 22, 2010  191 Beiträge 77z3-FX.com (SaltyWaters) Sep 21 2011 at 17:56
Glad to know that we are at Peace bro! smiley

Know let's make some money and have some fun!!!




Cheers,

Salty

Only individuals have a sense of responsibility. – Nietzsche
SaltyWaters

Mitglied seit Mar 22, 2010  191 Beiträge 77z3-FX.com (SaltyWaters) Sep 21 2011 at 18:27
Just one more for the road!

Failure doesn't exist
Failing just gets us closer to Winning. Forex isn't easy but what we learn along the path is most about ourselves. We learn about self control and money management.

I'm gonna tell you something: I have blown 3 accounts since my early days. I've been $13,000 down the hole. I believe most traders know the feeling of losing to Forex. I think that was my learning tuition fee. Now I'm ahead of the 8 Ball for quite a while and I got all my losses back and I'm running on profit money and I don't plan to give it back to Forex anymore, I had enough!lol

My point is Forex isn't easy indeed but if you stick long enough and you believe in yourself and your system you will succeed!


Cheers

Only individuals have a sense of responsibility. – Nietzsche
Danielnwa

Mitglied seit Jun 26, 2011  90 Beiträge DanielNWA Trading (Danielnwa) Sep 22 2011 at 01:12
Hey Salty, I'm a curious person(duh), what made you turn the boat around when you were $13000 down the hole? I mean, was there something special that made you figure things out?

Always a fan of a good success story=)

Don't work hard, work smart.
SaltyWaters

Mitglied seit Mar 22, 2010  191 Beiträge 77z3-FX.com (SaltyWaters) Sep 22 2011 at 03:34 (bearbeitet Sep 22 2011 at 03:46 )
@DanielNWA Trading

Well!... Since my wife didn't leave me and there was still food in the fridge for my kids, I got that pound in the head like in the movies: 'That's it!!!! I got it!!!I can do this!!!'

It was just like that.



....Just kidding, it wasn't like that at all. It was more like this:

I was quite upset and in disbelief that the market would always go against me no matter what direction I would go. So I decided to stop for a while, removed all the indicators from my charts, stepped back and looked at the market from a distance without moving or blinking, and I kept looking, and looking and I still didn't see a thing, finally I came to my senses and went straight to my wife and cried like a baby (just kidding about the crying part ) - I told her 'you know What?', 'What?' she asked, and I said 'I SUCK!... YOU DO IT!'.
She has never traded in her life neither before or now but she sat in front of my computer grab the charts and took a look at them for a while then without a word she started to write in a code unknown to me. When she finished (after a few hours) she told me 'Put this on the charts'. I did so and watched one trade opening then another and then they closed for a profit, and then the same happened again. Then I said to her 'WTF are you doing! Are you insane? You can't do that. Forex is not that easy) and she answer back 'Shut up and go put the profits in the bank'.

So I did like she told me.

Ever since that moment I decided to focus on changing dirty diapers from our kids and let the robots do the job for me.

i know you are not going to believe this but this is a true story, it didn't happen to a friend of a friend of mine it happened to me almost exactly the way I just described it.

Now she makes EA's like she is making pancakes. Sometimes two in a row.



Cheers,

Salty


 



Only individuals have a sense of responsibility. – Nietzsche
Danielnwa

Mitglied seit Jun 26, 2011  90 Beiträge DanielNWA Trading (Danielnwa) Sep 22 2011 at 03:57
@ Salty

In my wildest dreams I couldn't have pictured a story like that. You sure you weren't dreaming? If not, why don't you let your wife have the robots do the job for her instead? Or sell her to a bank? You could probably make a fortune... Hehe thanks for sharing Salty=D

Jud.

Don't work hard, work smart.
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