Forex.V7 Real Discussion

OK Everybody I have been off the radar for while but it was for a good reason, anyway I'm back now, and let me tell you what I've been up to. First since I started my trade signal company I've been getting allot diffident requests from people. One being 'why are you trading on a demo account?' Well i'm pleased to say that we have moved to a real account, and are now trading with real money. Second question I normally get is, 'why do you send trade signals, why don't you have auto-trade system?' Well have teamed up Hotforex.com, to bring an all new auto trading system, but unfortunately we still haven't gotten a suited able merchant account, with any online merchant web sites. They have all turned me down. But I have one more I'm going to try and hopefully they will be more helpfully.
If any one knows of an online merchant that support forex auto trading would love if you could send me a link to their site please.

Another question people ask me is 'why dose it cost so much (59.97/month)?' Well also I'm happy to inform everyone that the price has fallen to $4.95 for the first month and only 19.97 a month after that. Ok that's enough catching up for now. Lets look at the trading the new live account has a balance of $4,000.00. I have chosen 4k so you guys can see how 19.97 a month will not hurt your results with a smaller account. Talking about results we made quick 10% ($400.00) in less than three weeks. That would cover the monthly $19.97 easily. Lastly Forex.V7 will be available using Myfxbook.com new Autotrade System but Myfxbook requires 3 month testing period and the previous Forex.V7 accounts can not be used, as they were on demo accounts. So if you wish to wait the tree months that's fine. But for those that want to start getting the Forex.V7 Direct auto-trade system immediately send me message or vist the site's contact page (https://www.contactus.codenametbw.com/) and send a email, and i will contact you as soon as the merchant account is up and running. Or if you wish Forex.V7 is up and IS AVAIABLE RIGHT NOW ON www.fxstat.com TO FOLLOW and auto-trade! use this link https://www.fxstat.com/en/performances/view/ForexV7-15925
Just as you saw me trading on the demo accounts (forex.V7,high risk) I'm using the same system now on the live account thank you for all the helpful comments and the support Happy Trading - TBW

Nice Strong finish for Friday, And not bad bad week all together. Can't wait to pass my old demo accounts for Forex.V7 profit percentage.
Forex.V7 is available to follow now from the home site www.CodeNametbw.com for Free!

I also brought back and old system my first system Forex.V4, which needed so bugs worked on but now it's ready again and showing it's still got some old tricks left.
Happy trading Everyone have a good weekend

Had good week made some great trades too. ForexV7 is available for FREE at Codenametbw.com using HotForex and all other brokers you will have use are Fxstats link bridge at https://www.fxstat.com/en/performances/view/ForexV7-15925
and you can follow ForexV7 on your broker all brokers.
Happy trading - TBW

The results are nice, however, the nice profit (+1224 USD) with a negative pip balance (-75 pips) for this year (as of 06/08/13) suggest a Martingale strategy running in the background. (There is no other way a strategy can have + profits with - pip balance...)

I guess, it is the reason you suggest: 'I can not stress this enough is I want you to withdraw your profits, from the month. So in case the worst happens, your profits will be safe in your saving account.'

In other words, the strategy can blow the account at any time (theoretically) which is the 'worst' case scenario, I guess. Which means that this strategy is a ticking 'timebomb', as all Martingale strategies are.

P. S. Please correct me if it were otherwise.

FxMasterGuru posted:
The results are nice, however, the nice profit (+1224 USD) with a negative pip balance (-75 pips) for this year (as of 06/08/13) suggest a Martingale strategy running in the background. (There is no other way a strategy can have + profits with - pip balance...)

I guess, it is the reason you suggest: 'I can not stress this enough is I want you to withdraw your profits, from the month. So in case the worst happens, your profits will be safe in your saving account.'

In other words, the strategy can blow the account at any time (theoretically) which is the 'worst' case scenario, I guess. Which means that this strategy is a ticking 'timebomb', as all Martingale strategies are.

P. S. Please correct me if it were otherwise.

hello friend I understand your concerns but the negative pips only came from one trade we had to make a trade to save a trade, at the cost of getting negative pips.

This happen on may 5,2013 all pip profit prier to this was positive, And since then our pips profit had been positive as well. If you take closer look you can see this for your self.

As for your 'ticking time bomb claim' it couldn't be farther from the truth. We keep are draw-down Max 24.9% avg 8% low, are trades aren't open for long periods of time Avg Trade Length 9h 3m. When we open our trades we use less then 5% of the deposit margin. Also our win% is higher then are loss % and finally Myfxbook.com's risk of ruin said it would take 496 negative trades, for this account to have a 100% loss.

 Are main objective is ($) profit not pips. And also the reason I said to withdraw every moth is that I'm not trying to over sell my product with wild claims of a perfect system with 100% of worry free. Not that I don't believe in ForexV7 I know it's a great system and you have seen the proof. But the Forex market can be dangerous if you underestimate it, no matter how good your trade system is, you'll find your trading days limited if you don't have a proper exit strategy planned out.
That was why asked my costumers to withdraw monthly profits.

Hello everyone,
Forex.V7 had author good week of trading again, Friday coming in strong at the end. We have even passed both our demo accounts in profit percentage in a shorter amount of time than expected. If you wish to follow/copy these trade signals for FREE!! please visit our web site www.codenametbw.com . Have good weekend and see you on Monday.

Hello Guys,

We experience yet another great week, last week made some good trades, and we now have two more subscribers. If you would like to follow our system you can sign up and copy it for free at our web site www.codenametbw.com

Happy Trading - TBW

I would copy your signals for a subscription fee through SimpleTrader's service. The most reliable on the market as of now. (Hundreds of satisfied customers, excellent client support. I am a long-term client of them, no other affiliation.)

FxMasterGuru posted:
I would copy your signals for a subscription fee through SimpleTrader's service. The most reliable on the market as of now. (Hundreds of satisfied customers, excellent client support. I am a long-term client of them, no other affiliation.)

Thank you for your interest in our system (Forex.V7) and I reached for the Simple Trader's website once i saw your comment. found their website. https://www.simpletrader.net/ I sign up , it all seemed all well, but simple trader only supports PayPal. I contacted their staff to confirm if this was true and they informed me that they only currently support Paypal. PayPal dose not allow counties outside the U.s or u.k to withdraw funds into their bank account. We are trading in Bermuda and are Bermudians. I also reached out to Paypal to see if they have changed their policy since we last checked but the rules are the same. So if Link my account to simple trader, clients will be paying but the funds will just sit inside our Paypal account unable to be withdrawn.
We welcome all suggestions and we will research and willing to try,to see if their can be a setup were our future clients can pay safety, but it has to be fees-able so we both benefit as well. As it stand MoneyBookers/Skrill Is they only online payment option available for us to use currently.
As we station in Bermuda and don't have access to U.s Bank accounts from here. Again we open to hear anyone's ideas but we have to focus on our company funds well as our clients.

Finally their is always a FREE Option which will require no payments at all. https://codenametbw.com/signup/

What country are you from? In your profile, it says you are from the U.S.A.

Hello
We're are all from Bermuda and are trading From Bermuda
 If our profile says U.S it must have been used as a default because we made the profile in hast. And will be changed momentarily. -V7

Try opening an account with a bank that operates both in America and your own country. The two most common options for this are HSBC and Citibank as they seem to operate in more countries than most.

https://www.wholeearthguide.com/townguide.php?id=weg-zr-er101-en

OK I have a HSBC bank and we will contact them directly on Monday. We had a slow week hopefully next week their is more movement in the market. Have good a weekend everyone see you Monday. -TBW

FxMasterGuru posted:
I would copy your signals for a subscription fee through SimpleTrader's service. The most reliable on the market as of now. (Hundreds of satisfied customers, excellent client support. I am a long-term client of them, no other affiliation.)

This signal is available on Simple Trader, I just signed up. There is a 2 week trial period.

Just an observation, up to 7 trades are opened in the same direction, like a mini grid. There are no stop losses used. Then there is a wait to take profit. In the past, they have gone almost 25% drawdown. In my opinion, this is very risky and has an excellent potential to blow up an account. There is a reason the open trades are hidden.

Just a heads up guys, Read the system description carefully. I signed up for a trial and set the risk factor to 1. This system is definitely not for the faint of heart. (I didn't carefully read the description and comments). You can have up to 7 orders opened in the same direction. There are no stop losses, just t/p set. History has seen a drawdown of almost 25%. I had 4 trades open that were down about 3%. When they went positive, I close them with a profit. the official trades then tanked and are don even more. The average drawdown for these trades is 10%. Even with all the research/patterns comparison/etc. I think it is a disaster waiting to happen. What if the trade copier loses connection? With no stop losses, you could easily blow your account. How about if you have seven trades open and fresh news comes out and it moves in the opposite direction? You would have a large drawdown or worse. Oh, and I also brought up this on the question and answer portion of Simple Trader . . . the developer simply deleted the questions/comments without bothering to answer them. I can understand why the developer recommends you take out all profit each month.

There is also the issue of risk vs reward. With a historic drawdown of 25%, and it looks like a t/p of about 2%, you get a profit:Loss profile of 12:1. What this means is you need 12 wins out of 13 trades just to break even. For this to be successful, the win rate must be 92% to not lose anything. In my opinion, this is unsustainable in the long run.

This system is purely gambling . . . come on seven, papa needs a new pair of shoes.

Apparently they don't like me trying to expose how risky their system is. I must have been pretty close to the mark to not even warrant a response. I received the following email:

I've contacted the support team on simple trade about your spamming on our page.
the section is meant for questions not harassing about how closed a trade without us and took a loss.
On 2013-07-19 08:54, Jeff Anderson wrote:
> Hi,
>
> After seeing how your system trades, I decided it is not for me. In
> my opinion, it is just too risky. For one, you trade with no stop
> loss.
> That
> is bad practice, especially when you can have 7 trades open as a cost
> averaging system. If for some reason there was a disruption in the
> copier service, the entire account could blow up. While I understand
> there is a whole lot of research before placing the trades, past
> performance does not take into account fresh news. Say you have 7
> trades open, and there is sudden bad news. There you face a large
> drawdown or worse. There is also the risk reward issue. What is your
> target for expected gains per basket of trades? Now look at your
> possible risk of loss. Going by your worse historic drawdown of near
> 25%, and let's say you are targeting 2% gain, the Profit:Loss is about
> 1:12. This meansyou need 12 wins out of 13 just to break even. That
> is a 92% win rate just to break even. I do not feel this is
> sustainable in the long term. What this system is doing is plain
> gambling, in my opinion. I wish you the best and good trading.
>
> Jeff
>
> -----Original Message-----
> From: Forex.V7 [mailto:forexv7@codenametbw.com]
> Sent: Friday, July 19, 2013 9:22 AM
> To: [email protected]
> Subject: Give us your feedback
>
> Hi Jeffrey S Anderson,
>
> I noticed that you cancelled your subscription to Forex.V7.
>
> Do you mind me asking the reason? Is there a way that we could improve
> our service?
>
> We're committed to making our site the best it can be, so any feedback
> is greatly appreciated.
>
> Kind Regards,
>
> Forex.V7
> Support Team.

Uh huh, equity down 20% . . . no risk there, Ha

I hate to say I told you so . . . but . . . a 71% drop in equity. Good Luck Guys. This is the free trial I should have stuck with, huh? I made a little profit when I closed mine and I'm sleeping like a baby, Ha.