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

Remus Miclea (NextLevelForex)
Jun 08 2012 at 14:45
262 posts

   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
Global Markets Investing (gmi_live)
Jun 08 2012 at 15:29
32 posts

   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
Remus Miclea (NextLevelForex)
Jun 08 2012 at 17:00
262 posts
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
Global Markets Investing (gmi_live)
Jun 08 2012 at 18:39
32 posts
You welcome Remus 😉

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

Best Regards,

GMI

Money Management is key to success
LK Wong
lkwong
Jun 08 2012 at 19:45
71 posts
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 ?


LK Wong
lkwong
Jun 08 2012 at 19:52
71 posts
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.

suser
Jun 09 2012 at 16:49
3 posts
Dear Remus Miclea! I wonder what you think about these strategies https://www.myfxbook.com/members/Fxmark

Remus Miclea (NextLevelForex)
Jun 09 2012 at 23:32
262 posts

   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
Remus Miclea (NextLevelForex)
Jun 09 2012 at 23:34
262 posts

   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
Global Markets Investing (gmi_live)
Jun 10 2012 at 08:26
32 posts
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
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