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

Nov 02, 2012 at 10:42
43,481 Views
1,238 Replies
Member Since Jun 28, 2011   465 posts
Apr 17, 2014 at 19:18
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.

Sorry,

Bob
where research touches lives.
Member Since May 04, 2012   1608 posts
Apr 17, 2014 at 20:10
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.

Bob


@ForexAssistant

My boat is bigger... 😁

Attachments:

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Jun 28, 2011   465 posts
Apr 17, 2014 at 22:17
@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.

That is my opinion and why I have developed it.

Bob

where research touches lives.
Member Since Jun 28, 2011   465 posts
Apr 17, 2014 at 22:22 (edited Apr 17, 2014 at 22:23)
@FxMasterGuru ;
I told you mine was too small.😞
where research touches lives.
Member Since Aug 30, 2013   325 posts
Apr 17, 2014 at 23:32
lol @ clowns.. Macc's would love to employ you
Member Since Mar 21, 2014   1 posts
Apr 18, 2014 at 12:46
Jome82 posted:
I want a safe 4% each month...
Which EA?? Thank you
------folllow me
Member Since Dec 29, 2013   41 posts
Apr 18, 2014 at 12:50
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.
Member Since May 04, 2012   1608 posts
Apr 18, 2014 at 13:21
QQ30551696 posted:
Jome82 posted:
I want a safe 4% each month...
Which EA?? Thank you
------folllow me

Hiding trade history is just a 'great' way to recruit investors/followers...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Jun 28, 2011   465 posts
Apr 18, 2014 at 16:19
'Hiding trade history is just a 'great' way to recruit investors/followers... '

? Would you mind explaining that to me? I can't see how anyone would follow someone not forthcoming with all pertinent data.

Bob
where research touches lives.
Member Since May 04, 2012   1608 posts
Apr 18, 2014 at 21:30
ForexAssistant posted:
'Hiding trade history is just a 'great' way to recruit investors/followers... '

? Would you mind explaining that to me? I can't see how anyone would follow someone not forthcoming with all pertinent data.

Bob

It was a sarcastic 'great'...
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Member Since Jun 28, 2011   465 posts
Apr 18, 2014 at 22:08

Oh, sarcasm,
Sorry...
where research touches lives.
Ozpips
forex_trader_65591
Member Since Feb 13, 2012   32 posts
Apr 19, 2014 at 17:35
Member Since Jun 28, 2011   465 posts
Apr 19, 2014 at 18:41
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.
Member Since Aug 30, 2013   325 posts
Apr 19, 2014 at 19:46
Lol you have taken over my job Bob
Member Since Jun 28, 2011   465 posts
Apr 19, 2014 at 23:14
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.
Ozpips
forex_trader_65591
Member Since Feb 13, 2012   32 posts
Apr 20, 2014 at 06:28
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.

Member Since Jun 28, 2011   465 posts
Apr 20, 2014 at 08:02 (edited Apr 20, 2014 at 08:05)
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.
Member Since May 04, 2012   1608 posts
Apr 20, 2014 at 08:55 (edited Apr 20, 2014 at 08:59)
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)
Member Since Aug 30, 2013   325 posts
Apr 20, 2014 at 09:06 (edited Apr 20, 2014 at 09:09)
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
Member Since Jun 28, 2011   465 posts
Apr 20, 2014 at 10:50
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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