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finchpepper
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finchpepper
tenfortyone
in
Trading Systems
Sep 18, 2018 at 07:05
Someone needs to have a quiet chat with this guy and convince him to turn off all his robots and put whats left into a fund which returns 6 - 8% a year, otherwise in under 2 years his main account is going to look identical to this one. Turn them all off now.
tenfortyone
in
Trading Systems
Aug 27, 2018 at 07:21
Sheffield you are spot on. Its on its way to zero, this is the biggest account blowup I have ever followed and I have followed a few. EPIC.
tenfortyone
in
Trading Systems
Aug 09, 2018 at 10:16
Lol, big drawdown is a feature of the system, at least when it gets to 100% he can say he didn't lie in his description of the system.
tenfortyone
in
Trading Systems
Aug 01, 2018 at 06:46
Because the "system" is nothing more than an entry signal and even that is not a very good one. I agree completely absurd. To trade with that amount of money with nothing more than an entry signal. The only answer I can come up with is that it must be run as some kind of "trading group" where some poor unsuspecting bastard pays an annual fee. Those fees then get tipped into the account to keep it going.Ponzi.
tenfortyone
in
Trading Systems
Jun 29, 2018 at 07:00
There has to be more to it, no one could look at those numbers and not intervene. I have had a very close look at this system by dumping them into a spreadsheet and the figures are that 95% of trades close within 7 trading days of opening at a small profit. That leaves 5% which haven't closed within 7 days of opening. Of those 5% still open they close at a rate of 1 every 10 days at a small profit. In other words if you have 100 open losing trades today it will take 1000 trading days for all of them to close at a small profit. Thats about 4 years and during that time the system is open...
tenfortyone
in
Trading Systems
Apr 16, 2018 at 06:59
Not much to update, equity declining, draw down increasing, more deposits than withdrawals. Just another day for a trading strategy that has nothing more than an entry signal. No money management at all.
tenfortyone
in
Trading Systems
Sep 12, 2017 at 07:33
Been watching this one for a while, he is now under 100K equity must be starting to sweat. His broker must think it is Christmas.Problem that I see is that what he has is an entry signal with a little profit target and calls it a SYSTEM. I am not sure if you can call that a system.Must be the hedging part he is referring to as the system, so when the trade goes bad you hedge and lock in the loss, brilliant why didn't I think of that.
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