fughe's Posts - Page 3

Tom'sEa WPFX LIVE in Trading Systems Jul 27, 2013 at 13:09

The reason why nobody ever sees a very long term martingale system test is because none have survived. To the best of my knowledge, Tom's EA is the longest running martingale system test that is still in profit.

Tom'sEa WPFX LIVE in Trading Systems Jul 25, 2013 at 18:54

I have been watching this EA since it was released. While I am not fond of martingale-style money management, I am forced to admit that this is one of the only EAs of this type that I have watched survive this long. What it boils down to, the EA is profitable. Not on an epic scale, but it is profitable.

Anthony's OLTS in Trading Systems Feb 12, 2013 at 01:32

Just thought I would drop a note since there have not been any updates in a while. January was a nasty month for advanced patterns (evidenced by the downturn). Anyway, I am automating this system. I have since switched back to my favorite system (intraday system). I will be showing that one publicly when I get to my target risk level of 1%. i always do this routine when trading a system. I start with very low risk, and step up in 0.1% increments until i reach the target risk. The risk gets increased once a week, and only if the prior week was acceptable. This method has proven to help weed out...

ForexChronos in Trading Systems Feb 12, 2013 at 01:19

I still say manual trading is the best way to trade. i will stick with my >30% a month every month (using a 1% risk). Seriously, just put in the effort to train yourself to trade manually. You will be glad you did.

ForexChronos in Trading Systems Feb 02, 2013 at 17:48

First---yes, some hacker finally did manage to get in my email and I changed the password already. But, thank you for the heads up anyway.Second-- Your statement that I said Thor was a repackaged version of Shark.......To see what i personally had to say about the Thor system, anyone can go here http://www.myfxbook.com/community/trading-systems/thor-forex/219954,15#?pt=2&p=1&o=219954 OR HERE http://www.myfxbook.com/community/trading-systems/forex-thor-live/224340,6#?pt=2&p=1&o=224340You can see plainly I start out skeptical, but when I see sufficient evidence, I defend the syst...

ForexChronos in Trading Systems Jan 31, 2013 at 21:23

@AlexanderCollins All I can say is, my comment must have been approved after the comments pages were no longer visible, because I checked several times.Second, if Forex Thor is a good system, and a truly unique system from Forex Chronos, why would anyone ever want to trade in their Thor license to "upgrade" to Forex Chronos? Do you see where I am coming from? It wouldn't be a matter of just being nice if the two systems truly are unique. EA publishers offer special deals to people who purchased previous software creations. They don't offer recent purchasers of a prior system ...

ForexChronos in Trading Systems Jan 31, 2013 at 16:19

--------I completely understand not giving all products for free as that is a terrible business practice. Plus I believe people should be compensated for their work. My point was.....You said, that recent Thor purchasers were being given the opportunity to change in their Thor licenses for a free upgrade to Chronos. This implies that Chronos is an advanced version of Thor, NOT a new product. What I said was that you should either #1- offer a chance to ALL Thor owners to change in their Thor licenses to upgrade to Chronos for free, or #2- Offer the chance to switch from Thor to Chronos to ALL l...

ForexChronos in Trading Systems Jan 31, 2013 at 14:35

---------------------------------------Just to completely honest, this is very annoying. Chronos is obviously an upgraded and updated version of Thor. You are basically admitting this by allowing those who recently purchased Thor to exchange their Thor licenses for Chronos licenses. To be fair, you should either allow all Thor owners to exchange their licenses, or charge a fee for anyone who wants to upgrade(including those who purchased recently). Anything else is ripping off those who bought Thor in good faith that it would be upgraded regularly into the future. As is evident, Chronos is Tho...

ForexChronos in Trading Systems Jan 30, 2013 at 21:36

I had posted a message on the comments page, but I never got a reply, so i will just ask here.This system looks virtually identical to Forex Thor. I already own Forex Thor. What is the difference between Forex Thor and forex Chronos that I would decide to purchase Forex Chronos?Thanks!

Tom'sEa WPFX LIVE in Trading Systems Nov 08, 2012 at 20:54

There are actually some pretty good traders lurking around here.

CHALLENGE -- 1000 $ to 10 000 $ in 5 weeks is it really possible in General Oct 23, 2012 at 14:28

But, you have to remember, this is a test to have massive account growth and, in forex trading, a HUGE part of the trading is psychology. I have seen systems work great in backtesting, but almost no one is capable of trading them because they cannot handle them psychologically when applied to real money.In a demo account, the psychological aspect is removed entirely. So, I still say demo accounts are useless when attempting to prove cases such as this.Now, for nothing more than seeing how a system could theoretically perform....yeah, a demo account could be of use. But not to test real world v...

CHALLENGE -- 1000 $ to 10 000 $ in 5 weeks is it really possible in General Oct 23, 2012 at 13:34

Yeah, I have to agree with this sentiment. Demo accounts are worthless when attempting to show proof of concept for these type of major runs. I mean if you ant to see what a real attempt at a rapid gain looks like, then check out one of my old accounts. http://www.myfxbook.com/members/fughe/mt4-2731/211504It ran over a 12 month period (about 240 trading days). That gives me a daily avg of slightly over 5%/day. Huge gains are possible, but I can tell you, doing this was very stressful. A person needs to factor their health into the equation. What good will it do a person to be rich if they are ...

CHALLENGE -- 1000 $ to 10 000 $ in 5 weeks is it really possible in General Oct 22, 2012 at 22:41

How about just a steady 10% a day....

Robin J.S. in Trading Systems Jul 17, 2012 at 04:44

Regardless of whether or not the same theory is used, it is a different system. The trades are not identical. Close...yeah. So what. I Mr. Morrison doesn't have issues with it, then it is legitimate. Everything that can be used has been used. The only thing left is to use it in a different way.

Tom'sEa WPFX LIVE in Trading Systems Jul 12, 2012 at 21:24

That is the account of a person who knows exactly how dangerous a martingale is. They are making withdraws constantly. That is the only way to trade a martingale system.

Robin J.S. in Trading Systems Jul 10, 2012 at 19:23

Thanks for the explanation and honesty. Most developers would have denied it outright. Instead, you chose to be up front and let everyone know that it is the same concept with a completely different method backing it up. Nothing wrong with that at all.

Tom'sEa WPFX LIVE in Trading Systems Jun 10, 2012 at 18:01

That said, I do have other systems that will not be automated that i have proven to avg a gain of around 5% return every day on a $10k account. But, as everyone should know....the best systems will never be made available to the public.

Tom'sEa WPFX LIVE in Trading Systems Jun 10, 2012 at 17:55

I don't know of any system that makes a 1000 pips a day with low DD. And if you are referring to my system, I never even implied that it makes 1000 pips a day. Matter of fact, my system is not a scalper. It would have to be to trade enough to get 1000 pips every day. My system trades maybe 5 times a month on each currency pair it is running on. Sometimes, you get lucky and it gets several trades across the 20 currency pairs in one day. Which is what happened last Friday. It may not trade at all for another week or two. And it might catch only one trade ever day for the next 3 months. Or e...

Tom'sEa WPFX LIVE in Trading Systems Jun 10, 2012 at 03:36

I totally understand that. I would be the exact same. Before my system ever makes a public offering, I will display a LIVE account that has had the system running on it a while. That is probably a few months away though.

Tom'sEa WPFX LIVE in Trading Systems Jun 08, 2012 at 19:01

Well, my issue is, I can't rationalize doing that when i have automated systems that give a better return with less risk. And I doubly can't rationalize doing that when I have manual systems that have track records over extended periods of time that make 2%-10% a day without excessive risk. Take my current system for example. On a 10K account using a single mini lot for each position, It gives a return of 30%-40% a month. Drawdowns are completely buried in the profit to the point of being inconsequential. Today is a perfect example. i saw 30 trade setups across 20 currency pairs. 4 of ...

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