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5% average monthly profit for at least 2 years (with less than 25% max. DD)

Mthiya
Apr 29 2015 at 06:38
21 posts
FxMasterGuru posted:
Mthiya posted:
I need help with FXDD MT4, my demo account details were saved but now I cannot login to trade even if I enter password nothing happens. PS: My internet connection is fine and other MT4 work fine. If this is serious issue, how can I change broker and still continue updating my account here on myfxbook. Thanks.


Probably the time limit on your demo account has expired at FXDD. If you have a live account with them, you can ask them to convert the demo account to a 'NON-EXPIRY' version. If not, you can still ask them, but it is unlikely that they would do the change.

I suggest running the strategy on a small, but REAL account for the following reason:

- the results will reflect the impact of the real market (e.g. execution delays, slippages, sudden spread widenings, stop hunting, etc., i.e. the great 'toys' of the brokers to skin their clients).
- the results will be more reliable and credible
- the account will not expire.

Thanks Your answer was very helpful i didn't think it could be that my account has expired. Wonder why demo accounts expire anyway, again it depends on the broker next time i will be very selective.

wlk1
Apr 29 2015 at 14:13
69 posts
FxMasterGuru posted:
@VPTrader

Concerning https://forexmanager.co.za/ I can see a few 'red flags'.

1. Many of their past accounts had been abandonded.

A few additional red flags about one randomly picked strategy from them: https://www.myfxbook.com/members/ForexManagerDBA/30-vip-usd-sl/912637

2. Trade history is hidden (intraday Martingale?)

3. Last update: April 14th, 2015 (i.e. one week ago). This is a significant red flag as the strategy manager can simply hide the drawdowns by connecting the account only at 'high water mark' points, then disconnect again.

4. 32 trades total have very low statistical significance, i.e. the statistical 'p value' is very unfavorable. In other words - statistically - the results are useless.




Had a quick look into the impressive performance. Heres the first thing I saw .... fascinating !






Attachments:


The market will go up, failing which, it will go down.
amirsasan90 (amirsasan90)
Apr 30 2015 at 06:40
3 posts
Hahaha... 312 pips in 0 seconds?! it proves one thing! Scam !

Paracelsus66
Apr 30 2015 at 10:44
85 posts
Yes, there are lots of scams... Different scams...

Capital Trust Markets has just closed down all operations refusing to pay out clients' deposits. They don't even respond to withdrawal related e-mails.

The owner REZA MOKHTARIAN is gone with all the clients' monies...

trendgenius (trendgenius)
Apr 30 2015 at 19:56
9 posts
I have seen a few accounts like this was wondering how they were doing it, thanks for the insight.

The best offense is a good defense
ForexManagerDBA
May 01 2015 at 07:52
31 posts
trendgenius posted:
I have seen a few accounts like this was wondering how they were doing it, thanks for the insight.


What insight are you referring to?!

- Do you hear our VIP clients complaining about our YEARS of service? No. Yet some are willing to judge based on limited experience and without contacting us for clarification...that is not entirely fair or just lazy.
- Every one of our accounts are fully verified with reputable, well regulated and even NYSE listed brokers. If you want us to 'double verify' some accounts, please let us know what more do you expect from us and we will try accommodate.
- In order to improve performance, we manage every account separately and therefore no longer offer PAMM accounts. Copying our trades is not possible, and using a MAM 'lot' allocation is also Not suitable.
- It is clear that our trading holds a significant edge, therefore there is NO requirement to use poor money management techniques such as grid or martingale,
- and, as seen from the trade open times, there is NO hold and hope.
- Please refer to our profile FAQ...the accounts that are no longer updating or have not been traded for some time, all have a Zero balance, because funds have been withdrawn or transferred internally to new accounts or brokers. Revealing the balance verifies that all the funds, along with all profits were fully withdrawn.

Trade durations:

- We scalp the market during times of volatility...yes, it requires skill, experience, fast execution, along with various infrastructure and services. We have been trading for many years and with great success.
- Many of these accounts are 'Trading Station' accounts. The myfxbook 'Trading Station Publisher' does not seem to publish the seconds for open and close times, instead it rounds down the minutes, and therefore any duration less than 60s is calculated as 0 seconds, and between 1 to 2 minutes is calculated as 1 minute and so forth. We will download the latest version of the publisher - hopefully that will improve the open duration accuracy for the next accounts.

Thanks

FxMasterGuru (FxMasterGuru)
May 24 2015 at 05:02
1607 posts
5% average monthly profit for at least 2 years (with less than 25% max. DD)... On an account running at a mainstream broker...

The search goes on... Since February of 2013... There were a few promising strategies on the way, but all have disappeared.

The fact that no MyFxBook verified strategy - running at a mainstream broker - can fulfill the above criteria tells a lot about the slim chances of 'Average Trader Joe' to make a living from Forex trading.

And we are not talking about 'getting rich' (and 'staying rich') results... Anybody....?

Or should we just conclude that the comment of @amirsasan90 is the 'final nail' in this thread:

'Let's be Honest guys...
We have never seen anybody who gains stable profits in the long run...
What we are doing right now is more like Alice dreaming the Wonderland!!!'

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
XLx32 (XLx32)
May 24 2015 at 11:54
33 posts
FxMasterGuru posted:
tradingextreme posted:
view my performance;)))


What is the link??


We are 3 pro trader managing big funds
I can show you our history sample of 6 months
1,000% gain
DD under 3% in 6 months

Alex
Look009 (Look009)
May 24 2015 at 11:54
224 posts
looks impressive indeed

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