Frero (By wassel2017)
The user has deleted this system.
Frero Discussion
Nov 17, 2019 at 06:50
aranciata posted:
@livegood3,
I don't understand your last sentence: if you subscribed Nov 8, how do you have any return for October at all?
Disregarding that sentence, I will reply to the sentence above: 'I am a subscriber since Nov 08, and I have only 2% so far.'
On Nov 5, Wassel closed 35 trades. On Nov 8, he closed 28 trades, some of which were opened in October, some as late as Nov 7. In any case, they were all opened before you subscribed on Nov 8. That explains why your return is less than the 15% you referenced. My return so far in November has also been around 15%; it's hard for me to calculate exactly, because I changed the account I was using when I switched from following the signal to joining the FX Choice MAM.
Sorry for the confusion, the quotes from the post I was responding to were deleted by accident....so it's all jacked up. My account is fine, up 11.49% or something this month..
test the waters, before you dive in
Nov 17, 2019 at 09:05
Forex is always risky. I am Aboment since May. My account has been on breakeven for a long time. Since september I drive 0.03 lot to 5K so much less risk than the main account.
I also know several traders with over 10 years of experience, a trader with over 20 years of experience. No one does it with copytrading, if it has ever managed to earn a constant sprofite. a well-known studied trader once said that in forex a DD of 50-60% is normal, but nobody can handle it. what you get confirmed in the talk round.
Frero is the absolute exception !!! I am more than happy.
I think it's a pity that this is so badly talked. He also offers a trial for little money. Anyone can test it with little risk.
You must also distinguish between fundamental and technical trading. For me, only a financial industry trader is a professional trader.
thank you Frero
I also know several traders with over 10 years of experience, a trader with over 20 years of experience. No one does it with copytrading, if it has ever managed to earn a constant sprofite. a well-known studied trader once said that in forex a DD of 50-60% is normal, but nobody can handle it. what you get confirmed in the talk round.
Frero is the absolute exception !!! I am more than happy.
I think it's a pity that this is so badly talked. He also offers a trial for little money. Anyone can test it with little risk.
You must also distinguish between fundamental and technical trading. For me, only a financial industry trader is a professional trader.
thank you Frero
Attachments:
Nov 17, 2019 at 09:18
Professional4X posted:
This is a HIGH RISK account that is absolutely NOT using effective money management, nor is it using effective risk management.
The account is regularly allowing BAD TRADES to run hundreds of pips in to the negative.
This shows a high risk trading system with no effective money management and a refusing to accept the losses.
NO TP, NO SL, No actual risk management.
Anyone who allows their trades to go hundreds of pips into the negative is NOT protecting their investment capital, and anyone who subscribes to that kind of signal is putting their investment capital at risk.
Allowing a trade to go -200 pips against the account, while closing out good trades with +5 pips is NOT low risk trading system.
-200 : + 5 pips = 40 risk to 1 reward
40:1 ? That's beyond absurd.
I dont wanna have any debates with anyone.
I believe frero system can make money and I join the MAM system. The reason why I believe is based on the real trading process that I see on my own account when I subscribe Frero signal on signalstart.com.
I take risk and I take profits.
Maybe my account and my money will be gone in one day. That will be OK for me.
That's all.
Nov 17, 2019 at 19:55
I have never seen anyone better than Wassel in public space. It is very rare. Yes, there is quite a risk of course and may be one day he will blow his account. But with these huge gains he could do the same with another fresh 50-100k in two years.
Most important thing is his ability to make money, not his current account. I am calling his strategy 'multi-position swing trading'. I believe that no one EA could survive with similar trading. Also you could try it for yourself to trade like him and you will see that it is not that easy. Wassel have shown supreme trading skills even in bad periods.
Of course 20-30% of gain come with big risk - lower it 5-6 times and you will have 4-6% per month with 10% DD, it is easy.
Thank you, Wassel!
Most important thing is his ability to make money, not his current account. I am calling his strategy 'multi-position swing trading'. I believe that no one EA could survive with similar trading. Also you could try it for yourself to trade like him and you will see that it is not that easy. Wassel have shown supreme trading skills even in bad periods.
Of course 20-30% of gain come with big risk - lower it 5-6 times and you will have 4-6% per month with 10% DD, it is easy.
Thank you, Wassel!
Member Since Jan 05, 2016
1189 posts
Nov 17, 2019 at 23:02
tk51 posted:
For me, only a financial industry trader is a professional trader.
I'd say 30+ years as a professional quant and tech industry experience more than qualifies me.
Youu should listen to me when I tell you this is a HIGH RISK and there is little to no Risk Management being used to protect the account.
Investing with someone who regularly allows their trades to go well over -200 pips in losses is putting your entire investment capital at risk.
You are of course to do whatever you want with your account, but just remember when your account gets blown, I did try to warn you.
Good luck.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Nov 05, 2019
12 posts
Nov 18, 2019 at 08:59
@Professional4X
Frero is indeed more risky than some other signals here ! However, you could not have the current return without a little more risky signal.
Everyone is taking appropriate risks - at least I do !
I'm not going to invest all my savings in Frero signal. Frero is one of the few investments I hold and the amount invested is what I'm ready to lose (right now).
Frero system would still be in profit even by crashing his current account with 1 millions. And he could even restart with some of the remaining profit that he has already withdrawn.
So in conclusion ... yes it is worth a try (especially with his MAM) !
Frero is indeed more risky than some other signals here ! However, you could not have the current return without a little more risky signal.
Everyone is taking appropriate risks - at least I do !
I'm not going to invest all my savings in Frero signal. Frero is one of the few investments I hold and the amount invested is what I'm ready to lose (right now).
Frero system would still be in profit even by crashing his current account with 1 millions. And he could even restart with some of the remaining profit that he has already withdrawn.
So in conclusion ... yes it is worth a try (especially with his MAM) !
Member Since May 27, 2019
9 posts
Nov 18, 2019 at 17:11
mrmuzi posted:
Could someone please explain, why the performance between Frero and Little Frero on MQL4 is suddenly so different?
From Frero:
'Over the past weeks, little frero was applied a safer trading strategy but generated lower return than the frero account. If you are an already little frero subscriber then please liaise with me at [email protected] in order to benefit from special promotion'
Member Since May 27, 2019
9 posts
Nov 18, 2019 at 17:16
He trades with less lot size, hence less risk. I don't think he will change it back, because too many people complain about how 'dangerous' it is.
Nov 19, 2019 at 15:19
goode posted:JForex78 posted:only signals.com
Anyone has MyFxBook link to Little Frero?
Signals.com has nothing to do with forex.
Little Frero is not on myfxbook or Signal Start.
The only place I have seen it is at https://www.mql5.com/en/signals/562424.
Member Since Nov 05, 2019
12 posts
Nov 19, 2019 at 15:54
@Effectburn
I did copy the signal in the past and just restart early November ... I've always been in huge gain so far !
When did your friend start copying Frero system ?
I did copy the signal in the past and just restart early November ... I've always been in huge gain so far !
When did your friend start copying Frero system ?
Nov 19, 2019 at 18:15
Effectburn posted:
All my friends have only a huge drawdown and loss!!!
Looks like you joined myfxbook just so you could post this.
Is one of your friends Taicun? If they lost money, they must have closed trades themselves during the huge drawdown. I waited it out and was happy with the result.
But keep it up (posts trashing Wassel and the Frero system). There is a saying: 'All publicity is good publicity.' I had heard that P.T. Barnum said it, but research doesn't back it up. Whether or not Barnum actually said it, there's some truth to it. All the recent negative posts are helping Frero move up on the list of most discussed systems. It's about to move from #4 to #3.
I hope this standing will lead more traders to look at Frero, past the talk, to the actual results.
Thanks, Wassel!
Member Since Jan 05, 2016
1189 posts
Nov 20, 2019 at 00:49
chihming posted:Effectburn posted:
All my friends have only a huge drawdown and loss!!!
could you show more evidence? tks
You have the evidence right in front of you. Look at the chart.
This account is not using reasonable risk management and is not protecting their investment capital.
They are putting their entire account at risk of being blown.
In addition the account isn't using any STOPLOSS or TAKEPROFIT targets.
You can see this by simply looking at the trading history.
Attachments:
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since Jan 05, 2016
1189 posts
Nov 20, 2019 at 01:00
noefekts posted:
I have never seen anyone better than Wassel in public space. It is very rare.
Then you clearly haven't been looking very hard.
Trading with high risk strategies using little to no risk management is NOT a good method of trading and is extremely unprofessional.
noefekts posted:
Wassel have shown supreme trading skills even in bad periods.
Only someone who doesn't understand how to properly trade would ever consider trading without risk management.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 20, 2019 at 01:00
Frero is now the third most discussed system on myfxbook:
https://www.myfxbook.com/most-popular-forex-systems
https://www.myfxbook.com/most-popular-forex-systems
