SharePosts by ForexEnthusiast
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Hi wdgannlive,
It is not clear exactly so I will ask ... is it possible for me to learn to trade this method myself so I will not lose 30-40% having it managed by someone else? I am a "stay-at-home dad" (only without kids) so I have LOTS of time to learn and use this method myself if I can make the trades myself.
Thank you!
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Hmmmm mmmmaybe I'm just new to this whole currency thing but I'm pretty sure that it's the banks that are the ones losing the money since they're the one's quoting the prices. In any case, for every 1 big winner like this there are 99 losers remember? Besides, if brokers do too much to "prevent" winners like this such as requotes, convenient disconnections from platforms and other dirty tricks they will be found out and they will be prevented from doing business as a broker, bucket shop or othewise.
Also, there is code you can write into an EA that will not only prevent brokers from......
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[quote]stephanusR posted:
Is this bucketshop http://www.liteforex.org your broker? Nowhere can one find where they are regulated , no Cyprus registration or UK FSA regulation. [Update: They are located in Seychelles, thus obviously fraudulent(no tel number)] They are probably running a cracked copy of MT4 server edition, no statements from them can be believed. The trades are hacked , backwards manipulated from the server side.
Liteforex is market maker bucket shop hedging trades on an Excel spreadsheet not an ECN, if you really did have $50000 and executed three standard contracts as p......
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Hey Team Expert Trader, tell me ... what is the point of being on here with this system if 80% of your stats are hidden? Why are you bothering to even put it on here? It kind of makes people doubt and/or be cynical of everything and wonder just what things about these numbers are manipulated. Why are people so afraid to show their broker too? Makes no sense because the Forex market is SOOOO huge that not even an entire country can corner the market so worrying about so many people making money in Forex with a certain broker is silly!!
You, "Team Expert Trader", are hiding more than ......
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What I mean is back tests don't tell much without a something resembling REAL market conditions. So, a forward test is somewhere in the middle in that it does have the moving prices and trends but not the other things like slippage and requotes. With a back test, there are no "market conditions" per se. I would never start trading a robot on a live account based on a promising back test without first testing it forward on a practice account, that's all I meant.
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Man, even if this WAS a live account I would have been thrilled to close out those MASSIVE losing positions and take the ACTUAL profit (equity) it HAS made!!! Not many (if any) EA'S can quadruple an account in less than 30 days, OMG!! Perhaps this EA can be improved by including either a hedging feature or an anti-hedging feature.
Anti-hedging feature: if the EA makes a trade in a certain direction and the pair goes in the opposite direction close the losing position and open a new trade in the CURRENT direction. Ride that wave and take profits. Then, wait for the wave in the new direction to......
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