Sorry my friend but without the trades and history made available, we don't talk. It looks like you have something that you don't want us to know, and I am not going to be the one that finds out what it is your hiding. I have several thousand investors on my mailing list so I am always looking for new things. I'm not afraid of new things but I will check them out completely before I recommend anything. Hide things like your doing and you'll never even get on my dance card.
ForexAssistant posted: As most people know this is a grid system and the US government has limited US citizens from using a grid, with FIFO (First In First Out) That is the reason that the account stopped in Aug 2009. I can't use this system live until I get out of the US. Again a little bit of reading would have reveled all of this. The only problem here is basically a communication problem, if you don't read, you will be stuck in your beliefs no matter how limiting they are. READ, READ, READ
'You turned $200 into $1000 in a year? dude, my martingale-grid bot does that in a week.'
Maybe but we were discussing a grid system, has nothing to do with a martingale recovery system. Nothing at all. This is why it is so frustrating and if I have lost my congeniality as C3po has suggest, my deepest apologies, but I do not understand people that seem to be willfully ignorant.
' how did it do between 2009 and 2014?' 12% but we made it safer because the one from back in the market melt down of 2008, was more for experienced traders not investors. The new RISE takes what we learned from trading and created something brand new in the world, a place where investors could get better than stock dividends or bonds and much safer. We have supposed traders on this forum that doesn't even know why the forex is the safest market, and what's worse, they don't seem to care.
Traders make far more money in the futures market, if money is all you're concerned about, you're in the wrong market. The forex spot market is unique because of its safety aspects. Please someone who doesn't know this, ask why instead of a mired of attacks about something new to you.
'while sitting on your yacht in the Bahamas', My boat was in Florida but we sold it last year, wanted a little bit bigger one, 40 feet is too cramped. Pic attached.
@BenNathanFTA who wrote, 'My opinion on this (take it or leave it, makes no odds) is this: 1) ALL EAs blow eventually 2) Most EAs risk too much 3) Most EAs will at some point give you nasty draw down
My respects Sir, We all indeed have our opinions and I respect yours, but I would like to thank you for the curtsy of saying that it is your opinion and not that someone else is some low life (add favorite derogatory comments here) because they have another opinion.
With your permission, I would like to disagree with your conclusions for a number of reasons. You have developed your opinion based on your experiences as I base mine on my experiences. So here is what I think.
First, well over half of all trades made are made by computers. When the stock markets drops by some large amount they shut off the computers and the prices almost stop. They don't stop live traders from trading. No matter if we agree on what the actual percentage is or not, there are a bunch of computers out there trading. To state the 'all' EAs blow up eventually is unprovable and all we need is one EA that doesn't blow up and your statement becomes an error.
Everyone, and certainly every chess player said, and firmly believed, that a computer would never beat a human Grandmaster, it was just impossible until Deep Blue did it in the 1990s. That's when I woke up, computers were out performing humans and it was just getting started.
Number 2; Most EAs risk too much. With the addition of 'most' and 'risk too much' both being unquantifiable, no one could argue with your point, but the EAs that I am familiar with have adjustable risk levels. You can adjust your risk very low as we do or adjust it higher to make more money. In fact that is the debate going on right now, is 2% a month (25% per year) enough or is 4% a month with higher risk warranted?
Third item, 'Most EAs will at some point give you nasty draw down'
Some EAs are designed to use large draw-down Defining large as a program that waist less than half of the account. (Small humor) Technical traders have no idea as to how much draw-down they will have at any given price. Give me a price and I can tell you within 1% more or less how much two of my 4 programs will be in draw. I know what the draw will be to the highest and lowest that the price ever reached. Since I know what the worst case draw will be, I can have enough in my account to cover it.
All the money in the account that is not used to protect the trades is wasted. You are not using it to make money, it is just sitting there so the draw-down can be low. If you know what the draw-down would be, you would be able to adjust your trades so you were not wasting so much. However, those that don't know about adjustable risk factor has to rely on 'what if' and waste the rest.
I do not like FX markets. Exactly for a reason why some like it. IMHO it is a totally artificial environment and one cannot get for example sudden USD scarcity :) But EA might work better for FX and longer to tell us about how they trade before they crash. Grids and so forth cannot be run on say futures. I have it horrifying to even contemplate what would happen... I do see that large percentage of futures contracts is also being traded by algos. Thanks God I started trading when they already were operating so that I could see them as part of the picture. However, i wonder how markets would look on intraday basis when algos, EA's and other program trading was absent. I have heard moves used to be much smoother. It is a chop shop now most of the time.
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