To use chat, please login.
Back to contacts

Alpari Systematic

Patience
Jun 28 2010 at 20:58
230 posts
😲 Looks like you're going to have to do it the good ole fashioned way.

Elkart
Elkart
Jun 30 2010 at 08:17
941 posts
It's gone green!!

The other day I was driving in my car listening to the radio and the DJ said, right if you're a vampire phone in. Right on cue a 16 year old phoned in and declared she was a day walker. Not quiet a vampire but she knows someone whose at least displayed an interest in biting her. I was once young to, but man I don't think I was ever that gullible...

That's how I feel with this thing. Gullible.


stevetrade (stevetrade)
Jun 30 2010 at 10:11
1408 posts
Tradency are in the process of recoding their entire software. I had a call with them the other week.
They are planning to restrict the maximum number of trades a trader can open and reduce the maximum stop loss as well.

They feel there are too many people writing systems to abuse the limits within their current system and want to attract more serious traders with strategies that are more sensible for real life trading.

I was quite impressed with what I saw.
No Mirror Signal provider is perfect but I assessed them all when I first started with Cast Iron Man and I found Tradency to easily be the best and most professional.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
Elkart
Jun 30 2010 at 12:15
941 posts
Well, if they can get their actual trades to mirror the real trades it would help.

According to their graph I coined it on a system yesterday, but the system didn't have 1 winner. The reality and as advertised are two very different things. And that's before I do even one real trade.

With all the down time Monday and the graphs that are so far off, I must say I'm deeply suspicious of their technical side.

I can see the advantages, but I don't think they have it together enough to consider using them. I'd do it on a macro account. $500 or something, but not on $2k


Elkart
Elkart
Jun 30 2010 at 12:36
941 posts
I thought I'd post the graph quickly and he trades, but I can't, they're down again.... 😲

Does my fish look upside down to anyone else?

stevetrade (stevetrade)
Jun 30 2010 at 12:40
1408 posts
Not if you know the conventional fin arrangements of fish.

It's interesting you should raise these issues Elkart.

I've been contacted today by one of my subscribers and he's complained about some trades that aren't correct. I've investigated his account and there are about five trades that have not closed out when my feeder account has closed the trades. I have asked Tradency to investigate but it's looking as though maybe they do have some issues with trade management.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
Elkart
Jun 30 2010 at 13:14
941 posts
I read quite a bit on that on the web. And also latency in reports basically. So if a system goes haywire sometimes that info doesn't reach you until it's to late.

But Steve, seeing that you're talking to other users, ask them if they're making money....I'd love to know.


stevetrade (stevetrade)
Jun 30 2010 at 13:43
1408 posts
Actually the guy I spoke to has lost a lot, I nearly had a heart attack when he told me how much. Mainly I think because he over leveraged. It's quite common in the mirror signal provider world. Investors just see dollar signs. They stick a load of different systems on there and the equity curve tells them that they will be a millionaire by teatime and so they decide to go with it.

Unfortunately, it's generally the case that the people who can't trade, don't understand lot sizes, leverage or drawdown are the ones that end up using signal provider services. It's a definite case of a little knowledge is a dangerous thing.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
Elkart
Jun 30 2010 at 14:18
941 posts
Even the ones who do understand it ends up using the signal providers.

The temptation is the easy money. And even the best in the world didn't really make their money from investing. They made their money in convincing other people they can invest for them and then sold that to the public by listing.

Just look at Madoff, he didn't even bother with the investing bit. All going to end in tears if you ask me.

Patience
Jul 03 2010 at 12:24
230 posts
Elkart posted: But I can't find any comments on the web about this systematic. Nobody is really talking about it, I don't know if that's a good or bad thing...


You're right. Since you raised this issue I've been looking around on the web as well but I can't find much. Either there aren't many people using it or they don't like talking about it. And we all know that punters like to talk about being ripped off (whether by a broker or an EA) so that leads me to think that there aren't many people using these systems.

Please login to comment .