NextLevelForex's Inlägg

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Oct 03, 2013 at 02:33

There was not much to be seen. I took a look before the system was marked private and:- it was a DEMO account- it had 2 days of history- used multiple trades in a basket, with lot sizes which I call Crazy Martingale: 0.02, 0.03, 0.06, 0.41

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Sep 12, 2013 at 22:11

That worked, thank you, I added it to my watchlist.I like that you have your lot sizes public, and, with the exception of Gold trades, the size of you trades is pretty constant (0.03 - 0.05), i.e. no Martingale is involved.I also see that quite often you average down, so I must ask these questions:- do you have a max number of positions that you allow to be part of a basket?- do you have a max drawdown (in Pips or $) that is allowed for any given basket?

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Sep 11, 2013 at 16:45

Thanks for the message, Hiroo59!Could you please verify your account?Nice to see that equity curve floats about balance once in a while ;)

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Sep 06, 2013 at 23:43

Ok, we certainly don't have the same preferences, and that's fine, they don't need to be. Yes, monthly profit counts, but you'll find that for many people (myself included) it also counts the way to get there. If you risk 1,000 pips to make 10, you can claim your system wins 99% of the time, and maybe that will impress some newbies, but in fact you will be just be breaking even doing that.Since you are so sure that your system is (or will soon be) so much better than others out there, let's see a real money account, showing your level of trust (and please no cent accounts)....

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Sep 06, 2013 at 15:35

Sorry Pedro, scalper or not, the negative pips expectancy immediately disqualifies the system for my needs (it very likely means Martingale of some form is involved; if not that, than you are using disproportionate lot sizes for different pairs). I should have not even looked further, but I noticed the SL values being around 1000 pips, and that would disqualify it as well, even in the absence of Martingale.

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Sep 06, 2013 at 15:28

Would that be a 13% loss? Or are you saying you guarantee 13% profit every 5 weeks?

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Sep 06, 2013 at 15:26

Thanks for your message Antony!I see that one of your accounts is listed as real (http://www.myfxbook.com/statements/634437/statement.pdf). The graph looks good, but it trades indexes that are not available in some on my accounts. Do you happen to have something that trades Forex?

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Jul 31, 2013 at 06:11

On April 12 (http://www.myfxbook.com/community/experienced-traders/20-40-performance-fee-/164585,1#?pt=2&p=36&o=164585) I said I like the way myfxpedia presented themselves on this thread, and also liked several things about their trading history. I noticed their myfxbook watchlist counter increased from around 100 at that moment to 199 today.Based on the longer than average history, and the market updates on their forum, I really thought they are a team of experienced traders, so I started a small account with them. While they treated me very promptly and professionally during the tri...

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Jul 16, 2013 at 02:41

GMI, I remember you! :)Can you verify your account and tell us how much Martingale and/or Grid goes into that strategy? (hopefully none)

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Jul 16, 2013 at 02:34

Looks good, but has very short, and hidden, history.If it still looks ok, please post again once you have 100 trades and 3 months.

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Jul 16, 2013 at 02:27

I want to confess that I subscribed to a 3 month service from myfxpedia. I was treated very nicely and even received extra days for trialing the service before paying for that subscription. They had a strong and rather long track record, and luckily I only started with a small account. I said "luckily" because this is what happened to their track record:http://www.myfxbook.com/members/myfxpedia/project-500-pips-month/420510They broke the golden rule of trading and fought the trend in several currencies recently (all tied to AUD), so much so that they ended up with 14 open trades (ave...

03A - G på Trading System May 30, 2013 at 06:40

Account closed today.

03A - G på Trading System May 26, 2013 at 18:46

Even though I would very much like to keep this account in place, since it has the longest history among all my MT4 accounts, I decided to stop trading it and liquidate the balance. Primary reason: the performance at MB Trading is very much lagging, when comparing it with the results obtained using the same system(s) at other brokers! Plus I just discovered execution issues (see the group of trades opened on a NZDUSD spike, March 21st, at 13:54; there should be only 1 trade opened per pair, at any given time, but there were 6 on that occasion; while that could be attributed to the inability of...

23 - PF client FxPrimus på Trading System Apr 26, 2013 at 17:57

I knew that, but what I did not know was that Pip-Factory used it. When they changed the strategy late last year they said up to 12-15 positions opened, or something like that. So I adjusted my lot sizes for it, but then I caught them with more trades opened, and then again with more... When they said something like "depending on market conditions, sometimes we need to fight harder", I knew that it can only end badly, so I dropped them from my list (ironically, it was them who cut the cord, by disabling my access, and so all I had to do was not renew).

23 - PF client FxPrimus på Trading System Apr 26, 2013 at 14:25

To close the topic, I'm attaching the last picture I took of Pip-Factory's reference account.On April 15th I removed their account from my watchlist.

23 - PF client FxPrimus på Trading System Apr 26, 2013 at 14:17

I finally decided to withdraw all money from this account, and close it. That’s because Pip-Factory was earning IB commission rebates, and now that I'm no longer a client, I don't intend to pay them any cent from my future trading activity.By the way, the up-trending equity curve in the recent months in this account is very misleading. They were using an “average down forever” trading method, also known as “when the price is falling, keep buying, since eventually it has to come back up, right?” Obviously they were wrong, and eventually the reality caught u...

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Apr 13, 2013 at 02:59

Trading is almost surely the profession with the easiest entry requirements (almost anyone can open a real-money account in record time and with incredibly little money, without the need to have any knowledge about the market or even how to place trades), while also having the toughest requirement for long term success... I wish you success in transforming yourself enough so that you can join the consistently profitable traders!

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Apr 13, 2013 at 02:52

It's the second thing you mentioned (looking for additions to my "team"). Given that working with existing managers was more important than looking for new ones, and that whatever time I had available for the Forex team-building business was spent with them, I took a break from replying to posts here for quite a while. You are right about the benefits of working with different trading styles, and that's exactly what I'm doing.On the other hand, even if I was not looking for new traders, because the thread is rated 4 stars and I saw multiple posts here that clearly were cl...

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Apr 12, 2013 at 20:24

Finally I read something that makes me look more into what is being offered, thanks Willy!I just checked your profile and added this system to my watchlist:http://www.myfxbook.com/members/myfxpedia/project-500-pips-month/420510If you have a better one, that is more fit to "represent" you, please let me know.I like above account for multiple reasons, and I'm going to post them for anyone else interested in advertising their accounts here:- Track Record Verified, Trading Privileges Verified, Real-Money account (these are all required, for me)- decent history length (almost 9 months...

20-40% performance fee (with high watermark) for Forex traders på Erfaren Traders Apr 12, 2013 at 19:44

This statement alone makes me not want to invest any money with you: "i can guarantee you that you will get profit every month."

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AUDUSD	0.6516	USDCHF	0.9117
EURJPY	165.73	EURCHF	0.976
EURGBP	0.8595	GBPJPY	192.7761298202757
EURUSD	1.07037	GBPUSD	1.24531
USDJPY	154.842	USDCAD	1.3666

EURUSD	1.07037	GBPUSD	1.24531
USDJPY	154.842	USDCAD	1.3666

Inlägg av NextLevelForex