23 - PF client FxPrimus (By NextLevelForex)
| Gain : | +14.57% |
| Drawdown | 37.80% |
| Pips: | 1227.2 |
| Trades | 683 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:500 |
| Trading: | Manual |
23 - PF client FxPrimus Discussion
Mar 08, 2012 at 16:03
804 Views
8 Replies
Member Since Apr 25, 2011
262 posts
Jan 18, 2013 at 16:41
Once in a while I post comments about this (and other tracked systems) on my Facebook page:
https://www.facebook.com/NextLevelForex
https://www.facebook.com/NextLevelForex
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Jan 18, 2013 at 16:56
hi,
over the time I traded a lot of promising systems but most of them earthed account...
we,,. since May last year I´m trading an client account with my system which earthed too using different settings.
So because my client had an higher balance for trading I adjusted settings a bit for this and voila, this account made it.
He is achieving between 5-10% p. month, just great.
So I did set it up at demo now for further tracking because I trade his account I have no investors password.
Anyway, worth to have a look.
I setup some accounts, one with $100 balance
https://www.myfxbook.com/members/Quick100/volks-fx/455766/ZkcHLMmDMMfDZHRx1ZHs
and one with 10k using news trading too,
https://www.myfxbook.com/members/Quick100/fx-10k/459901/YalVNLstqx96HEnmlt1K
perhaps this is interesting or you
best regards
Dirk
over the time I traded a lot of promising systems but most of them earthed account...
we,,. since May last year I´m trading an client account with my system which earthed too using different settings.
So because my client had an higher balance for trading I adjusted settings a bit for this and voila, this account made it.
He is achieving between 5-10% p. month, just great.
So I did set it up at demo now for further tracking because I trade his account I have no investors password.
Anyway, worth to have a look.
I setup some accounts, one with $100 balance
https://www.myfxbook.com/members/Quick100/volks-fx/455766/ZkcHLMmDMMfDZHRx1ZHs
and one with 10k using news trading too,
https://www.myfxbook.com/members/Quick100/fx-10k/459901/YalVNLstqx96HEnmlt1K
perhaps this is interesting or you
best regards
Dirk
Member Since Apr 25, 2011
262 posts
Jan 18, 2013 at 17:16
Thanks for sharing, but with the hugely disproportionate lot sizes I'm seeing in your account, that system is surely not for me:
01.18.2013 11:30 01.18.2013 11:33 GBPUSD Sell 5.09 1.59341 1.59186 1.59375 1.59341 3.4 142.23 3m 1.38%
01.18.2013 00:00 01.18.2013 04:36 NZDUSD Sell 0.10 - 0.83447 0.83597 0.83447 15.0 14.68 4h 36m 0.14%
01.18.2013 11:30 01.18.2013 11:33 GBPUSD Sell 5.09 1.59341 1.59186 1.59375 1.59341 3.4 142.23 3m 1.38%
01.18.2013 00:00 01.18.2013 04:36 NZDUSD Sell 0.10 - 0.83447 0.83597 0.83447 15.0 14.68 4h 36m 0.14%
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
262 posts
Mar 03, 2013 at 07:01
I have stopped taking trades from Pip-Factory. My subscription was terminated 4 weeks ago, and my request for reactivation was not taken care of in the meantime, despite the 'ASAP' reply from the support team. Considering also the other aspects of their new trading strategy, I decided it's time to put an end to it, so even if the subscription would have been activated by now, I would still not be taking their trades. See more details about it here: https://fb.me/BuT5kMYS
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
262 posts
Apr 26, 2013 at 14:17
I finally decided to withdraw all money from this account, and close it. That’s because Pip-Factory was earning IB commission rebates, and now that I'm no longer a client, I don't intend to pay them any cent from my future trading activity.
By the way, the up-trending equity curve in the recent months in this account is very misleading. They were using an “average down forever” trading method, also known as “when the price is falling, keep buying, since eventually it has to come back up, right?” Obviously they were wrong, and eventually the reality caught up with them, as show in this post: https://fb.me/2z5vUDWar
By the way, the up-trending equity curve in the recent months in this account is very misleading. They were using an “average down forever” trading method, also known as “when the price is falling, keep buying, since eventually it has to come back up, right?” Obviously they were wrong, and eventually the reality caught up with them, as show in this post: https://fb.me/2z5vUDWar
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
262 posts
Apr 26, 2013 at 14:25
To close the topic, I'm attaching the last picture I took of Pip-Factory's reference account.
On April 15th I removed their account from my watchlist.
On April 15th I removed their account from my watchlist.
Attachments:
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 14, 2013
7 posts
Apr 26, 2013 at 17:48
'Average down Forever' trading method is the famous martingale method which is highly dangerous even with high capital base. It should never be used as always have many small win then followed by one big wipe out.
Member Since Apr 25, 2011
262 posts
Apr 26, 2013 at 17:57
I knew that, but what I did not know was that Pip-Factory used it. When they changed the strategy late last year they said up to 12-15 positions opened, or something like that. So I adjusted my lot sizes for it, but then I caught them with more trades opened, and then again with more... When they said something like 'depending on market conditions, sometimes we need to fight harder', I knew that it can only end badly, so I dropped them from my list (ironically, it was them who cut the cord, by disabling my access, and so all I had to do was not renew).
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
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