SharePosts by ForexEnvy
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Gordongeiko: We recommend everyone who is starting with Ultra Mode run it with a cent account first to get use to how Ultra trades. You can start a cent account with $20-$1,200 and make the same return.
I am sure in time members will begin to trade Ultra with standard accounts once they feel comfortable running Ultra Mode. No one should use this strategy with all of their investment capital for obvious reasons. We recommend using 3-15% of your investment capital with Ultra Mode.
Yaronrosin: Version 3.3 (with Ultra Mode) will be released this month and it will be free to all new and existing ......
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That is correct. All of our demonstration accounts are cent or micro accounts based on a contract size of 1000 units per lot.
Most EAs only show performance with backtesting which can be easily exploited. Fewer use Forward demo (fake money) tests.
We choose to use REAL MONEY for our Forward tests. The reason we use cent accounts vs standard accounts is simple. WE NEVER MAKE WITHDRAWS FROM OUR DEMO ACCOUNTS. WE LET THEM GROW AND LEAVE THEM ALONE, so the money we place in them is throw away money. We will never see our initial deposit again. So why spend $100,000 on standard accounts for all ......
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Our refund policy is for 30 days. I am sorry if you experienced a loss after your first month of profits. I do believe in my system. Why else would I place $58,000 into our PAMM? Because I don't trust my system?
Forex in general is high risk. Our system has good returns, but like any other EA on the market it has risks.
Robert
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I'm sorry to hear about your loss RHMJ. We have created a new PAMM with a zero performance fee to try and recoup some of the losses our PAMM members experienced. We started the account with $57,000 of our own money.
With Ultra we recommend using no more than 15% of your investment capital so no matter what happens in the market you will never lose more than 15% even if you do not have a chance to withdraw any profits.
Regards,
Robert
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Ultra Mode definitely has a "wow" factor, but keep in mind it is a high risk strategy the MUST be used in conjunction with proper money management. Withdraws several times a week will probably be necessary when using Ultra Mode. We also do not recommend anyone use Ultra with more than 15% of their entire investment capital because this mode is so aggressive and caries such a high level of risk.
Ultra will be included in Forex Envy version 3.3 which will be released in November, 2012.
Regards,
Team Envy
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The Ultra strategy uses forex Envy's version of gorilla tactics. We get into the market when it is sideways, and get out before major news moves the market outside of its range. This strategy should not be used with more than 15% of your trading capital in my opinion.
One thing I am concerned about regarding the Ultra project is someone placing a large percentage of their investment capital while running Ultra Mode and blowing their account. We are currently working out the settings and creating a special users manual for Ultra so this strategy can be utilized properly.
Regards,
Team Envy
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You are right. On a long enough time frame ALL OF OUR ACCOUNTS WILL FAIL.
I think you are missing the point. Our objective is simply to average over 100% returns between account failures. If we can accomplish this we are a profitable system.
I think you need to read our website again under the strategy section: http://www.forexenvy.com/our-strategy/
This is clearly stated.
-Team Envy
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So you are posting an account that made 1,600% growth and saying it was a failure?!?
With our strategy we only need to make over 100% returns and at that point all the rest of the returns are pure profit.
Don't you understand that we always recommend making weekly withdraws of all profits made? We do not do this with our demonstration accounts because they are for demonstration purposes and we want to show better growth by compounding profits.
A lot of people are using fake copies of Envy and blow their accounts or choose to run really high risk. You cannot hold that against us.
This is ve......
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If you knew anything about Forex Envy you would know we have a very specific money management system and we never recommend anyone run our system with all their capital or not to make regular withdraws.
This is clearly detailed in our Members Area and in our strategy page: http://www.forexenvy.com/our-strategy/
If you think we are the same as forex hacked, then use forex hacked. You will not get the same results.
-Team Envy
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I am running Long Cycle NV's.
I am probably going to transfer the money from this account into a new PAMM I am building... at least it made 10% ;)
Robert
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