20-40% performance fee (with high watermark) for Forex traders

Aug 24, 2011 at 20:55
36,825 Views
472 Replies
Member Since May 30, 2012   134 posts
May 31, 2012 at 20:24
Hi possible investors,
Looking to launch my newly built EA based on simple math. no indicators, price driven, simple math equasions.
This EA is currently built for the eurusd currency pair.
It's named: Simple math
Age: final build on 25 May 2012.

https://www.myfxbook.com/members/Financialarts/simple-math/315250

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looking for a PAMM situation.
management fee for the startup funds of the ea is up for discussion.
startupfunds needed: 5000+ USD.

Need startup funds to move from demo to real.
results expected within 1 week.
Please message me.

If this isn't enough proof/ data for you please subscribe and follow me till you get enough data.

Thank you for your time and intrest.
I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
Member Since Jul 20, 2011   6 posts
Jun 01, 2012 at 12:51
Member Since Jun 07, 2012   1 posts
Jun 07, 2012 at 15:48
This is a semi-automated trading system. The trading system based on seven basic indicators such as ADX, Force Index, MACD, MFI, Momentum, RSI and Stochastic Oscillator. Trades will open only when these seven indicators agree together. Max SL=100 pips. NEVER OPEN TRADE WITHOUT STOP LOSS!!!

The system does not trade every days so be patient, you will have steady profit with it.

Jerry2012 Zulu😄
lkwong
forex_trader_77056
Member Since May 10, 2012   71 posts
Jun 08, 2012 at 08:09
I love scrolling back (3-6 months) through the thread and looking at the performance of some of these extremely profitable systems. They've usually been deleted.
Member Since Apr 21, 2012   32 posts
Jun 08, 2012 at 08:22
Dear LK Wong,

You don't need to scroll back 3-6 months because we have an extremely profitable system.

First, take a look at 3 LIVE Accounts (running on High Risk), -

https://www.myfxbook.com/members/gmi_live

The 3rd Live account which is called 'UIG - Live' is now ranking No. 13 on Myfxbook, check the ranking here -

https://www.myfxbook.com/systems (Search for 'UIG - Live')

Plus you can look at our Demo accounts which are running (Low Risk) - the results are the same as LIVE -

https://www.myfxbook.com/members/gmi_onix

Cheers!

GMI
Money Management is key to success
Member Since Apr 25, 2011   262 posts
Jun 08, 2012 at 14:37

   gmi_live posted:
   Dear LK Wong,

You don't need to scroll back 3-6 months because we have an extremely profitable system.

First, take a look at 3 LIVE Accounts (running on High Risk), -

https://www.myfxbook.com/members/gmi_live

The 3rd Live account which is called 'UIG - Live' is now ranking No. 13 on Myfxbook, check the ranking here -

https://www.myfxbook.com/systems (Search for 'UIG - Live')

Plus you can look at our Demo accounts which are running (Low Risk) - the results are the same as LIVE -

https://www.myfxbook.com/members/gmi_onix

Cheers!

GMI

What? You have 4 trades in an account and are now in the 7th heaven because you are in the top of profitable systems? Do you really believe you can repeat the performance of getting 822% gain over and over again? Because in my book what you have here is just a series of 4 lucky over-leveraged trades...

Keep doing that for another 96 trades, at least, and then you'll get more than attention, and I'm sure at 144% monthly return you won't even have to post anything, anywhere, since your inbox will be flooded by requests to buy your EA or have you manage accounts.

In other words, you missed the point LK Wong was trying to make: the systems that were advertised on this thread are nowhere to be found after a couple of months. They were either deleted, marked as private, not updated anymore, or simply had a drawdown that turns off even the most risky investor.

So, if you have a profitable strategy, good for you, trade it for a much longer period, gather a significant number of trades (I suggested 100), and then come back and prove me wrong. I would really love that!

Happy trading!
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011   262 posts
Jun 08, 2012 at 14:45

   lkwong posted:
   I love scrolling back (3-6 months) through the thread and looking at the performance of some of these extremely profitable systems. They've usually been deleted.

You are so right, unfortunately. The truth is that you don't even need to scroll that far. I just clicked on a system advertised a couple of posts above, and look what I just found: 'Sorry, but this system was deleted by it's creator.' See for yourself:


   coxahfx posted:
   https://www.myfxbook.com/members/coxahfx/fxgrail-scalp/313161

<sarcasm>I guess it was so profitable and in demand, the trader opened a hedge fund by now and does not have time to deal with the myfxbook users anymore.</sarcasm>
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 21, 2012   32 posts
Jun 08, 2012 at 15:29

   NextLevelForex posted:
   

   gmi_live posted:
   Dear LK Wong,

You don't need to scroll back 3-6 months because we have an extremely profitable system.

First, take a look at 3 LIVE Accounts (running on High Risk), -

https://www.myfxbook.com/members/gmi_live

The 3rd Live account which is called 'UIG - Live' is now ranking No. 13 on Myfxbook, check the ranking here -

https://www.myfxbook.com/systems (Search for 'UIG - Live')

Plus you can look at our Demo accounts which are running (Low Risk) - the results are the same as LIVE -

https://www.myfxbook.com/members/gmi_onix

Cheers!

GMI

What? You have 4 trades in an account and are now in the 7th heaven because you are in the top of profitable systems? Do you really believe you can repeat the performance of getting 822% gain over and over again? Because in my book what you have here is just a series of 4 lucky over-leveraged trades...

Keep doing that for another 96 trades, at least, and then you'll get more than attention, and I'm sure at 144% monthly return you won't even have to post anything, anywhere, since your inbox will be flooded by requests to buy your EA or have you manage accounts.

In other words, you missed the point LK Wong was trying to make: the systems that were advertised on this thread are nowhere to be found after a couple of months. They were either deleted, marked as private, not updated anymore, or simply had a drawdown that turns off even the most risky investor.

So, if you have a profitable strategy, good for you, trade it for a much longer period, gather a significant number of trades (I suggested 100), and then come back and prove me wrong. I would really love that!

Happy trading!

Dear Remus,

Thank you for your message.

We have been trading the currency market for 10 years.

We have tried and tested so many systems and strategies.

The results of the LIVE accounts you saw were not achieved by chance, I can promise you that!

There is much more behind those Results and our System. Firstly, its the 'Approach'.

You can have a thousand ideas, and a thousand systems, but if you don't have the

right approach, you will fail in a short period of time. Secondly, 'Risk Management'

is a key factor in forex, which means you need to know your risk in proportion to your

Stop Loss. To give an example, I invite you to visit our website to see our Risk Profile table

to visualise what I mean - www.gminvesting.com/products.html

Thirdly, you need to have the right 'Timing'.

We will only mention three main ideas here which make us successful, but there are others

which cannot be disclosed, so we leave with these 3 ideas :-)

1) Approach
2) Risk Management
3) Timing

Finally, if there were systems deleted or marked as private or not updated anymore, it can mean, one of
two things, either luck was going with them for some time or their trading system approach was not good
enough to live long ;-)

Best Wishes,

GMI
Money Management is key to success
Member Since Apr 25, 2011   262 posts
Jun 08, 2012 at 17:00
I agree with what you said, GMI, and have to congratulate you for replying so politely. So now it's only a matter of time for your system to show its profitability.

I'm not checking the systems posted here, nor replying to this thread, too often anymore, both because I'm focused on other things and because the majority of systems posted here turned out to be big time losers.

I wish you the best with your trading, and I'll probably check back in a couple of months.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 21, 2012   32 posts
Jun 08, 2012 at 18:39
You welcome Remus 😉

With time you will realize the power of our system...

Best Regards,

GMI
Money Management is key to success
lkwong
forex_trader_77056
Member Since May 10, 2012   71 posts
Jun 08, 2012 at 19:45
Hi Remus,

Glad that someone caught what I was trying to say, instead of spamming me with more 'fantastic systems'.

How goes your system hunt ? Have you found anything thats sparked you interest yet ?

lkwong
forex_trader_77056
Member Since May 10, 2012   71 posts
Jun 08, 2012 at 19:52
I didn't mean to point out anyone in particular, and it was just a general thought I had when I skimmed through the older post.

The one thing that I would really like to see in myfxbook is an option to filter systems that members put up to certain criteria, like
1. total length of history
2. history / balance shown
3. live / demo
4. broker
5. expectancy

Would make it so much easier to find traders that fulfil a set of criterias that potential investors are looking for. Well, hopefully one day they'll be introduced.
Member Since Sep 21, 2011   3 posts
Jun 09, 2012 at 16:49
Dear Remus Miclea! I wonder what you think about these strategies https://www.myfxbook.com/members/Fxmark
Member Since Apr 25, 2011   262 posts
Jun 09, 2012 at 23:32

   myfxbooks posted:
   Dear Remus Miclea! I wonder what you think about these strategies https://www.myfxbook.com/members/Fxmark

Tugarin and Popovich = Martingale big time = No thanks! (plus one of them is just a Demo account)
Dobrynya = drawdown too big, for too long (some of the currently opened positions are 6+ month old)
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011   262 posts
Jun 09, 2012 at 23:34

   lkwong posted:
   Hi Remus,

Glad that someone caught what I was trying to say, instead of spamming me with more 'fantastic systems'.

How goes your system hunt ? Have you found anything thats sparked you interest yet ?

I made some connections (people that look to be as serious about trading as myself, or even more), but found no profitable system in which I would invest more than test money. Eventually decided to look elsewhere (i.e. stop the search through myfxbook posts), while also working on my own systems/tools.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 21, 2012   32 posts
Jun 10, 2012 at 08:26
Dear Remus,

Invest with us and you will MAKE MONEY!

You can start with ANY small amount to test our system and you will see the difference 😄

Our system takes ONLY 1 to 3 trades in a month to reach its target.

We are done with June as our EA hit its target in the 1st week. We are now on holiday and waiting for next

month. Our EA will trade again in the 1st week of July.

Just think about it and let us know.

Best Regards,

GMI

Money Management is key to success
lkwong
forex_trader_77056
Member Since May 10, 2012   71 posts
Jun 11, 2012 at 15:20

   NextLevelForex posted:
   

   lkwong posted:
   Hi Remus,

Glad that someone caught what I was trying to say, instead of spamming me with more 'fantastic systems'.

How goes your system hunt ? Have you found anything thats sparked you interest yet ?

I made some connections (people that look to be as serious about trading as myself, or even more), but found no profitable system in which I would invest more than test money. Eventually decided to look elsewhere (i.e. stop the search through myfxbook posts), while also working on my own systems/tools.

Thats quite unfortunate. I'm sure there are some traders here that are actually doing pretty well. Guess the devil is in the detail, and finding the right one for you might be a bit more difficult that first thought.

Good luck on your endeavours tho'.
Member Since Apr 24, 2011   8 posts
Jun 18, 2012 at 06:14
Member Since Apr 21, 2012   32 posts
Jun 18, 2012 at 07:47
2 weeks to go before our Trend EA will trade again.

Join us now before the 1st of July 😉

https://www.myfxbook.com/members/gmi_live
Money Management is key to success
Member Since Apr 09, 2012   26 posts
Jun 20, 2012 at 19:14
How do you join your EA?
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