EUR-FOREX Managed Diskusia

Nickwake, Macgyver, drago......... shut the hell up! All of you are amateur, low level and broke investors. 'oh dreadful, my account is under $900'..... LOL if $900 is that big of a deal to you, put it in a Time Deposit, and get the hell out of any other type of investing. Otherwise, shut up.
You should know your exit before you enter. You should not invest with money you can't afford to lose. Real men weigh all the pros and cons and make an educated unemotional decision. If it ends up profitable then great. If you lose your max risk, say 30%, you simply close your account and move on. No risk, No reward. Plain and simple. Take responsiblity for your own actions.
Honestly, it's guys llike you that annoy the hell out of the rest of us. You put in basically nothing hoping to make huge returns and retire. You act like you're big time investors, but you can barely pay your rent each month and have no business investing at all with your rent money you cant' afford to lose. I'm sure it would be a happy day for eur-forex and the trader if you just pulled your few dollars out and moved on. Any wise investor knows that a week or a month does not make a year. Decide what your max risk is, look at it as a long term investment, and get on with the rest of your life. If you can't do that, then move on and quit annoying the rest of us who have looked at the big picture, the long term potential, and decided to invest for the long term and accept whatever risks may come.
Ciao!

And it's arrogant know it all 'hard guys' like you fuchiuliu who annoy the f**k out of me, get a life yourself too. this is not about oooh I'm losing a few dollars it's about these guys are not trading at all like their previous patterns indicated and are not at all transparent about what can be expected plus they are raking the spreads liked nobody's business.

I made near 800 points last month trading another system and at times was -400 pips on open trades but I was happy with the fundamentals behind the trades so stuck with them and took the rewards. But naturally I am always looking for new ways and as I run run my own business I figured this could be a good side method to test.

So you're a real man are you, hard men where it's OK to lose? Why the f**k should that be acceptable? I could put 20k into a system tomorrow if I wanted to but want to see a system or service prove itself first and this is blatantly not doing that so far.

What I don't get is why this is so OK for you when the result patterns have UTTERLY changed to the previous reference months, does that not even slightly concern you? Ok might be small money on a test but that doesn't mean it's OK to lose it - that's the way to ruin pal. Try to understand that it's the principle not the actual sums - do you place trades just before NFPs - coin flip. Do you go into buy trades at the daily R2 level and let them run even when they fall back through the 13400 and daily pivot? Oh there I go again, micro finessing.

Post your live track record Nick. Didn't see you complain about the fact that eur-forex traded through NFP in the past?? I'm an arrogant know it all? I'm just stating the facts. A 15% DD and you're scared $hitle$$ ??? The current market conditions aren't friendly, but I would say risk is still well within reason. Or maybe you expect an equity curve to always go nearly straight up like it did in Aug, Sept, Oct. Nick, you talk a big game, but I've been at this for over 20 years...... you're not fooling me. You're small time, and scared. You're too emotional and you're letting fear and greed direct you. If you keep jumping from one thing to another you're just gonna keep getting burned. I managed a $5,000,000 managed account until Feb 2009. Averaged 30% per year for 3 and half years using a mechanical system I developed. In 2009 I had a 25% DD and as per agreement with my clients I stopped trading and told them to move on. Many of them were still in profit, but I knew my system wasn't effective in the recent markets. I've done my homework on eur-forex. The trader has proven to trade well in adverse market conditions as well as in 'normal' markets. It's easy to make 800 points in a month trading a demo, or small account. I recently turned 100k to 350k in 3 weeks on a demo..... but that's with no emotion/fear/greed/etc. And trading high leverage. Show me you did 800 points and made a decent return on 500k or more for a month, and then duplicate that for 6 months to a year, and then maybe you can say you're a trader.
BTW, I still manage money at a large reputable FCM with a long term strategy I developed. I'm up 22% on the year. I'm happy, my clients are happy. The expected return based on back test is only 10%-15% per year, so not too many small time clients are interested. But my handful of seasoned, long term investors, are completely relaxed and happy.
Bottom line is, I've managed money for several hundred clients, and it's the one's like you that are the most annoying......... they come and go with their $1,000 expecting to get rich quick, but complain when there is any kind of DD. That's why my minimum for my long term strategy is 500K. Only serious accredited investors. Trading with Eur-Forex is fun and I see it as a way to make some decent play money. But that's how you have to look at ...... NO EMOTION.

I wasn't involved with them in previous NFPs, in any case isit not conventional wisdom not to tarde techinals inthe run up to major news releases as it really cna be a coin flip?

Anyway fuchiuliu I'm not going to get into a pissing contest with you. Only one thing because I'm not the person you think I am.

No I do not expect to get rich from a 1k account and I've been around forex long enough to know how it goes. I also invest a lot of equities and have some positions that have been underwater since the financial crisis, no problem, they'll come good eventually.

No, 800 pips and 500 in Sept was not on a big account, it has to grow organically in order to grow confidence, reduce emotional involvement and get used to larger lot sizes. I've never thought of putting it live, maybe I will. I bow before your mightiness and won't post again as I don't want to annoy your imperial majesty. Sorry.

fuchiuliu,
you are certainly right on the merits, not on the form.

We've got moneu, we can afford to lose these 1000 $, but we only contest that they claim they continue to win, as we continue to loThe information they give, and also they gave us before we sign, seems not to be correct (when they show +15 % we get 0%). Just verify what I'm saying and please if I'm false, just correct me.

And you're righr, I've fixed a limit to 850 $, and it i touch it, I will close this account, taking my loses.

That's all

Cheers

fuchiuliu calm down.

12.09.2011 12:15 EURUSD Buy 9.00 1.34293 - 1.33363 -1944.0 -21.6 0.0
12.09.2011 12:17 EURUSD Buy 9.00 1.3426 - 1.33363 -1683.0 -18.7 0.0

talk about buying the highs.

They did really well in OCT , a few % in NOV and down a little in DEC. Overall, they're still doing good. Lets see how 2012 plays out for them.

On june 29th their DD was over 30%, but quite aggressive returns overall.

Will, at the risk of waking fuchiuliu up I must point out that in November it was a few % up only on this demo reference account. Client accounts lost about 5% due to the pip commissions being taken. Today, EU summit, surely that is gambling not trading, and that is not a mr small and scared comment, that is advice that is pretty universal for retail traders from many sources.

Hey Nick,

I did see the words ' Pip Markup' but I wasn't sure what broker that applied to. I saw the hotforex pamm and it's performance based I believe. I'm sure you're quite aware of by now, to avoid any managed account with a pip markup for the reason you mentioned above. What broker is your managed account at?

will, yes the markup with fxcc was like 1.5 pips or so.

so today i threw in the towel as well, mainly due to performance non matching. i started on 11-11 and they show plus 2.7% while i am showing a 10% loss, thats it for me.

so i am sure there is some slippage plus the markup in spread giving me the poor result.

assuming they do like 30% which i cannot imagine seeing the piss poor trade entries during the course of being with them, the customer might get 17.3% minus performance fee, its not worth it.

gee my bots did much better then this during that time.

i also feel like these trades were not executed by human hand, i seen entries at the high of the day going by atr for 50 days going in direction of the high, and it sure reversed only a few minutes later.

anyway its a lesson learned, i will lick my wounds, no biggie lost more then that in forex, time to move on.

best o luck to all.......................

My real EUR-FOREX Managed account for instance - https://www.myfxbook.com/members/FXBird/fxbirds-eur-forex-managed/203236

Hello,

this time, I've closed it. No doubt that fuchiuliu will be happy that I will not complain again, ha ha !

As he said, I take my responsabilities and now that I'm at the level I choose, I give up !

Reinherh, I completely agree with you. The way they act sometimes seems to be random, buying at high prices, loosing, then selling, just when a rebound is likely.

At the end, there is 2 things I don't like :

- the data they uses to show their results are on a demo, and the reality is quite different (a part of the spread is for them) : when they where + 4,45%, I was -10 %.

- the way they do their trades, as explained above.

And it's not a question of being a 'low level or broke investor' as said by fuchiuliu. I decided to invest a little amount to see how they perform, willing to invest much more if they were good. Fortunately (yes i say fortunately), November prooved that it was not the kind of behavior that suits me, and then will not invest 20.000 or 40.000 € with them, taking a risk that I don't want to take this way. Now I have the answer I wanted, and I say Goodbye.

That's all fuchiuliu... (you can continue to loose the money you want if you have so much money that you can't afford to loose,good think for you, but don't tell me that I'm an idiot.)

Regards to all.

FXbird is right. It's quite the same graphic for me (I also loose 184 $ on a 1032$ investment on the 1st of November !)

   Macgyver75 posted:
   FXbird is right. It's quite the same graphic for me (I also loose 184 $ on a 1032$ investment on the 1st of November !)

hey at least we all match,

now if only the graph would have gone the other way we would have had a nice xmas :)

Hey there, I thought my stop would be at -30%. But if there'll have at least 4 people among 6 people (or 2:1) voted or suggested withdraw the account within seven days I might be just do it before I loose 30%.

I dit it today at 16.00, and Nickwake also did (if I'm not miktaking).

btw, i will not close my account with fxcc, they seem to be top notch and have decent spreads now = 1.6 on eu

my bots shall recover that account plus some :)