James_Bond's Posts - Page 27

Busted! in General Mar 03, 2010 at 12:34

Nicely spotted PipCollector!samtrader, you're telling me that a genuine broker will go that cheesy website to make a video for $47? Highly unlikely.And if you're indeed from IamFX, then I would strongly recommend to come forward.

FRWC - Fusion V - Alpari in Trading Systems Feb 17, 2010 at 14:24

I've actually referred to Plimus and not the Fusion EA. I did however heard of some people getting refunds from Plimus.

FRWC - Fusion V - Alpari in Trading Systems Feb 17, 2010 at 14:07

Yes, I had experience with those guys and you're correct - it's basically a PayPal payment engine with no refund policy whatsoever.

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 17, 2010 at 12:23

Ok, so it's actually a major issue 🙃I guess us little guys have no other option but wait for the verdict..

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 17, 2010 at 11:55

Interesting of you to say that, as I've been wondering about it recently.But let's say it does affect the US liquidity providers - even if a Eurpoean broker works with them, can't they just keep the leverage "in-house"? I mean how can a liquidty provider know if the trade was taken with leverage or not?

Forex Robot World Cup - A Scam? in General Feb 16, 2010 at 15:54

If someone decides to purchase it, do connect your account here for everyone else to see - I would be very surprised if anyone manages to make a profit with it.

Forex Robot World Cup - A Scam? in General Feb 16, 2010 at 10:14

Hilarious! Their new video makes it looks as it they've found the holy grail!What has dna to do with trading? It's beyond me..<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/3rzkzVgNd2c&rel=0&color1=0xb1b1b1&color2=0xcfcfcf&hl=en_US&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.y...

Forex Robot World Cup - A Scam? in General Feb 14, 2010 at 14:15

I've been browsing through the FRWC website recently (search in google, I don't want to get banned 😄) and I'm really surprised people fall for their con.Before you start throwing things at me, please let me explain.First of all, I wanted to know who's behind the website but to no avail. It appears they're the same guys who run fapturbo - I've checked the whois information, they're both registered under the same proxy registrations. I know it's not much but what are the odds? If that is not enough, checking the server's ip's, it's clearly they...

Any experience with Rent a Signal service? in General Feb 14, 2010 at 08:53

What really pisses me off with all of the 'auto-trading' solutions is that no one of them is even bothering to check/test a trading system before adding it to their systems database. Their entire interest is to make money from subscriptions or trading commissions.I can for example find an EA on the web, and use it as my own to start charging for it on their website. Not only they don't check the system, they don't show you who's behind it which is also important.I would definetly stay away from any services as such.

Any experience with Rent a Signal service? in General Feb 14, 2010 at 08:47

All of the 'auto-trading' services are useless. Here's a good review from a guy on forexpeacearmy who sums it up very well:---------------------------------------------------------------------------------------------------------------THIS IS EVERYTHING YOU NEED TO KNOW ABOUT THIS SERVICE.Rentasignal are still fairly new & are no doubt trying to improve their service. It is managed & run by the owners of the Forex-TD website. Overall as an organization they are not bad depending on your expectations; but remember you are not trading the organization but independent “tr...

MIDAS6 in Trading Systems Feb 09, 2010 at 09:55

Well, it's nice to see for a change a verified EA vendor, unlike the rest of them fapturbo and alikes.Your system does look good, well done!

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 09, 2010 at 08:48

These are excellent points to remember. Problem is most EA creators do not care too much about their client's money since the money is made from the EA's fees and not the trading. For a professional trader, using a third party service and relying on it would be indeed out of the question.

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 07, 2010 at 10:17

Indeed this is another solution, however in this case you're limited to one broker with each PAMM account, so working with many clients from multiple brokers would be an impossible task.It's really a shame MetaTrader do not make a solution for this issue - that's also another source of revenue for them if they were to build a professional platform for managers which aggregates all of their brokers; a lot of managers would defenitely use it.

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 07, 2010 at 10:00

There are several possible layers of protection, I will sort it from the worst to the best:1. Compiled EA - useless, the EA can be easily decomplied with a 3rd party service for a minimal fee.2. EA cobined with a dll - this is a better solution since all of the EA's logic is in the dll which is much harder to decompile, although not impossible (Take for example Microsoft or Apple who can't prevent their operating systems protections' from being cracked).3. Remote hosting of the logic as Elkart suggested - this is one of the better protections possible, since there is nothing to dec...

Seperate twitter feeds in Suggestion Box Feb 05, 2010 at 12:52

Briliant Elkart! 😄

Best Broker? in Experienced Traders Feb 04, 2010 at 07:55

I would sum it up by importance:1. Credebility2. Customer service3. Pricing4. Trading PlatformThis is only my opinion, so I'm sure others will feel differently. When I'm looking for a broker, first thing to do is some research about past experiences of other users, so definetly credebility is the most important. Then I need to check their customer service - I want quick and easy support process so I won't waste time/money when I don't need to.Pricing is obviously important, but only after they passed my due diligence. Lastly, the trading platform which is not that important sin...

RWFXM - TEST 1 in Trading Systems Feb 04, 2010 at 07:49

Robert, excellent trading!Not everyone looks for a holy grail EA - I'm looking for several good EA's which should produce a nice diversified portfolio. Also, not everyone have the time for trading - it is much easier to buy an EA then to try to learn how to trade.I've looked at your system's info, but not much is said there - what tools do you use?

volatility-trader-r20-LIVE in Trading Systems Feb 02, 2010 at 10:14

Thanks for taking time to answer my questions!If you get 100% accuracy in back testing, I think you've over-optimized the EA to fit the history. I believe you should try to lower the drawdown and the expectancy also, to not have big losers. When a client sees a big losing position, it has a negative psychological effect - he would be scared to continue trading the system. You should concentrate on steadier growth.

volatility-trader-r20-LIVE in Trading Systems Feb 01, 2010 at 17:28

I like that you have nothing to hide, and willing to discuus about it publicly - that's an excellent way to go commericial and is nothing like the current snake oil sellers with all the fancy websites but with zero proof about their performance.Looks like you have potential there. May I know what happened with "Volatility Trader Rel 1.0"? Did it stop working?

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 01, 2010 at 09:45

Although you are right it is not crucial for success, however it may be a catalyst for success (failure also of course). I think leverage is a very important factor of fx trading and if you know how to use it right, it can be a very powerful tool. Limiting the leverage will make fx trading less attractive, as it has always been known for the potential of unlimited returns in a very short period of time.

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Posts by James_Bond