SharePosts by jonnyrich007
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This is a horrible performance. Proves that winning percentage means nothing.
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Old data is not relevant at all. It only aids in giving people false confidence and you are really inadvertently curve fitting your settings to past data. Obviously, horrible performance on historical data sucks but problem is people get overly confident on good performance on historical data. And you only end up curve fitting your system to past data. That is basically pointless. You cannot trash system sellers and EA vendors for curve fitting while actively curve fitting yourself.
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Just look at his results! Quite pitiful really. Profitable traders never offer to manage anyone's accounts.
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Or just bite the bullet, spend the money to use the top ECN broker & the best VPS service? If the broker is top notch, they will have their servers in NY4. And if VPS company is top notch, their servers will be NY4 as well. Beeksfxvps and their cross connect partner brokers is the best bet.
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That is the point. Useless to compile data of traders all over the world using various methods to trade. Either they are using dialup on their pc or on cross connected VPS located 5 yards away from their broker's servers. Also, if latency was of importance, wouldn't you just compare the ECN brokers & VPS providers who provide NY4 located servers? And brokers that has their servers in NY4 as well?
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I experienced slippages both in my favor & against but never have I experienced requotes!
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And what you listed are not indications that the brokers are bad or good.
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Again moot. Since the traders' location matter as well. Whether they are using VPS located 2 yards away from broker or 10,000 miles away. If you used a VPS cross connected to your broker's server in the same city or even the same room, none of that would matter.
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Most important point. Forex Steam must be traded on FinFX! Losing trades on 2-4 pip spread brokers wind up being winning trades on FinFX. It must be run on FinFX Pro with cross connect VPS NY4 VPS server located in New York City. I also run Forex Steam on FXDD. FixFX acct performs better on same exact settings.
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And people like Radecek are the ones who deserve respect. Forex Steam's strategy is sound. Risk reward ratio had to be changed although the default setting is good as well for slow patient people.
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