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I want only a safe 4% each month... Which EA?? Thank you

Bob LLewellyn (ForexAssistant)
Apr 18 2014 at 22:08
465 posts

Oh, sarcasm,
Sorry...

where research touches lives.
Bob LLewellyn (ForexAssistant)
Apr 19 2014 at 18:41
465 posts
Not another one, Hey OZpips why not read what you are dropping your links on to. No, trades, no history, no interest.

What you are doing when you drop something on the forum without really participating is similar to letting your dog leave a steamy mess on the lawn. You are not helping the people on the thread or the conversations in progress and you are not helping yourself because we think so little of someone who will not read the post, just leaving his his droppings on the forum without due support or anything.

You are on a job interview asking these good people to employ you and your resume' shows up with no information and you don't show up at all. Do you really think anyone would hire you? Think a little and you won't be left with nothing but negative comments.

To everyone else, my apologies for the harshness of my reprimand to someone that has no problem disrespecting the rest of us.

Bob

where research touches lives.
forexpipcatcha
Apr 19 2014 at 19:46
325 posts
Lol you have taken over my job Bob

Bob LLewellyn (ForexAssistant)
Apr 19 2014 at 23:14
465 posts
No, No, I am trying to reason with people who, up until now has been unreasonable. We can disagree, that is how we grow but to treat others with disrespect is beyond being disagreeable. Its sort of like the difference between getting laid and getting raped. The two or three immediate posts prior to the Ozpips log drop, was about that very thing, then he did again. Either he doesn't care to read what the rest of us has to say or he is intentionally being disrespectful.

But I have said my piece, now he and others know how they made me feel and how they are not going to get my business but I don't need to belabor the point. Either they are worthy to be called human or they are not.

What I want to talk about is FxMasterGuru's promise, it went something like 'SHOW ME THE MONEY!!! Then, and THEN we can talk about mathematical theories.' I kept my part, now how about that theory part?

Bob

where research touches lives.
I eat pips
Ozpips
Apr 20 2014 at 06:28
32 posts
Hello Bob,

I noticed many have also posted their links in the past so didn't think it would be an issue.

If posting my link has offended anyone, I apologize.

Happy easter to all.


Bob LLewellyn (ForexAssistant)
Apr 20 2014 at 08:02
465 posts
I am the one that needs to apologize, I only meant that a word of introduction as to what you are doing and why, and that you are showing the results but not the process because you are not trying to get anyone to buy anything, then no one feels like someone is trying to mislead us.

Please let me explain something, all these people on here are pros. They don't need my robots or someone else's management services. From time to time they can use my experience, but I have received better than I gave. Togr, HolyCow and especially Silverthorn have all help me recently with their observations. And there have been hundreds of others in the past. None of us got to where we are by ourselves.

So stick around, join in. If you have come to learn, you're in the right place. If you've come to teach, we appreciate, if you have just come to sell your wares, well that's fine but I thought that you should know who your audience is.

Case in point, my claim to fame or bragging rights is that I have created a robot that never loses. The problem is, it doesn't win often enough for these guys either. I am willing to bet that not one of these traders have bought my program, I know how rude, right? If fact I would be surprised if any have even down-loaded the program for a trial run, and that's free. I have received a few congratulations for my work but be aware, this is a tough crowd.

So, accept my apology and welcome to the group. If fact you're just in time as FxMasterGuru and I was about to talk some mathematical theory. 😀

Bob
  



where research touches lives.
FxMasterGuru (FxMasterGuru)
Apr 20 2014 at 08:55
1607 posts
I agree, the mathematical theory behind a potentially profitable grid strategy is intriguing.

But to be intrigued more, I would prefer to see a LIVE account showing at least 4% per month SAFE profit (as stated in the title of this blog) and WITH tolerable DD. More than a year ago I have started a similarly titled blog (https://www.myfxbook.com/community/experienced-traders/5-average-monthly-profit-for/494885,13). Anyone interested can see interesting entries.

I have looked again at BOB's DEMO account: https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913 -- well, I just don't see the evidence and the 'spark' which would intrigued me MORE. Even the live account statments have not stretched beyoned 14-16 months.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
forexpipcatcha
Apr 20 2014 at 09:06
325 posts
That's because each person has different tolerance and there are so many systems BUT very few has lasted the test of time. So fxmasteringguru, Bobs system is his perception of what is good and acceptable and the audience he will attract are those that are willing to gamble with their small accounts. Institutions won't tolerate his rubbish not a single bit. We want to see protection and who cares about the wins and how much it can produce per month as long as the account is fully protected even if it makes 0.5% per month profit. The last thing you want to see in a 4 mill account is to see it losing 400k to make 5k profit. That is Not acceptable at all and to institutional investors this has zero tolerance. i.e Bob's system is crap lol sorry to say Bob the tolerance you are talking about is for gamblers so I'm sure you have plenty of them here.
Fxmasterguru has very little tolerance for high DD as I do if I was to take it to the institutional level and I'm talking no more than 1 or 1.5% DD

Bob LLewellyn (ForexAssistant)
Apr 20 2014 at 10:50
465 posts
1 to 2% Draw-down only means that 98% of the account isn't doing anything except sitting there, what is the point of that? What is the rational for letting even half of the account sit and not do anything? A draw down of 75% means that your account is working efficiently so long as you know that the DD is right as it is supposed to be at this price and the worst case scenario..

Fear of high draw is a fear of efficiency but you technical traders never bother to calculate what the draw would be for any given price, so you have to use the inefficiency as an extra protection. That's OK, I guess, but I find a well placed hedge will do the same for me protection wise, as wasting all that potential because the trader likes to have a hell of a lot of insurance sitting in his account instead of using normal trading techniques.

As far as large accounts goes, everyone knows a small agile account can out perform a large account quality for quality. Its like a car out performing a zero to 60 against a semi truck. It would be hard to hedge a couple of million but a couple of thousand? No problem. But those large investors can't take that into account so they demand security in some other more quantifiable way, but definitely not a better one.

So a handful of institutional investors won't like what they don't understand, OK but what about all those people that are buying annuities. Paying $400,000 for a $3,000 a month income and what happens to their principle, it is gone. Do you think that they might like to get an extra 4% a year with a super safe fully automated program, answer, hell yes. They don't care that it isn't 4% a month because they have the freedom to go do something else with their lives.

But 4% is certainly doable, however you will have to actively trade the system. The question on the board was, is it really worth the extra effort for 2% more a month with the PIG or 3% more a month with RISE to have to work trading instead of just letting the robot do it. The question was put out their but I am not sure of any answers. Obviously you guys must think so because your doing it, but is it the best answer? Computers don't make as many mistakes as humans do, so I think this should be a tough one to call.

Bob

where research touches lives.
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