Frero (by wassel2017) Quick Stats
Gain: +18156.78%
Drawdown: 54.56%
Pips: 56860.9
Trades: 2426
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Manual

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Frero Discussion
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davidodem

Member Since Jan 26, 2018  2 posts DavidAF (davidodem) Nov 13 at 15:34
How come he's been placing 3-5 trades a day then closing them within hours for basically break even?

Julien1984

Member Since Nov 05, 2019  12 posts Julien1984 Nov 13 at 15:41
@davidodem

I would guess that the trend was not going the way he wanted... EUR/USD has been in a kind of consolidation for the last couple of days.

So even if it seems a 'break even' for you, he is still closing positions with a tiny profit. But if you check Wassel's account, he is still making 10k ! I know it is nothing compared to his deposiit but still I would love to have such 'break even' :)

JForex78

Member Since Apr 25, 2019  39 posts JForex78 (JForex78) Nov 13 at 15:58
davidodem posted:
How come he's been placing 3-5 trades a day then closing them within hours for basically break even?


I've been wondering the same. No real activity since Nov 8.
But may be these months are slower than rest of the year (?)

Also -

The monthly performance on myfxbook shows 15% this month -
https://www.myfxbook.com/members/wassel2017/frero/2406407

Has anyone seen 15% gain this month so far?

I am a subscriber since Nov 08, and I have only 2% so far.

Julien1984

Member Since Nov 05, 2019  12 posts Julien1984 Nov 13 at 16:32
oups, I should have double check my calculation ... not 10k but only 1k.

Anyway, still profitable trade so far.

wrbking

Member Since Apr 09, 2019  23 posts wrbking Nov 13 at 16:37
davidodem posted:
How come he's been placing 3-5 trades a day then closing them within hours for basically break even?


He is finding direction I guess
Be patient and wait
You will know how Frero system works

livegood3

Member Since Nov 08, 2011  43 posts livegood3 Nov 13 at 17:10
davidodem posted:
How come he's been placing 3-5 trades a day then closing them within hours for basically break even?


Because in several days his closing of 46.4 pips with .03 lots (our amount of risk) is about $12.80 including broker fees and for his account trading 6 lots at a time equates to $2,652.42. If you want to trade 6 lots at a time, you could follow his sig service I suppose.

test the waters, before you dive in
aranciata

Member Since Aug 30, 2018  39 posts aranciata Nov 13 at 18:46
Julien1984 posted:
@aranciata

I have now 0.03 lot for $ 5,000 (actually $5,100).
Not sure if Wassel changed anything to the MAM on FX Choice but it is now opening lot size as per plan.


The trades opened in my account on 11 Nov were at 0.25 lot per $5000. Trades opened on 12 Nov were at 0.275 lot per $5000.


Professional4X

Member Since Jan 05, 2016  1134 posts Professional4X Nov 14 at 06:13
davidodem posted:
How come he's been placing 3-5 trades a day then closing them within hours for basically break even?


Because he's scalping for pips. Scalping accounts SHOULD NOT be copied, you will not get the same results as the provider due to latency issues, spread, and a number of other reasons.

Also, if you notice the DD% on this account has now grown to over 50% DD which is also an indication of poor risk management and relaxed money management. This is a high risk situation where you will most likely suffer from a blown account.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
davidodem

Member Since Jan 26, 2018  2 posts DavidAF (davidodem) Nov 14 at 13:45
Thanks for all the replies guys!! I'm not worried just wondering if he's done this in the past? I wouldn't say it's finding direction as he's done it all week consistently. with buy and sell orders. Is this a strategy change or has he done this before?
Personally I like his strategy even tho I've been in 30% DD at one point. I'm up over 65% in less than 3 months!!

wrbking

Member Since Apr 09, 2019  23 posts wrbking Nov 14 at 16:21
Professional4X posted:
davidodem posted:
How come he's been placing 3-5 trades a day then closing them within hours for basically break even?


Because he's scalping for pips. Scalping accounts SHOULD NOT be copied, you will not get the same results as the provider due to latency issues, spread, and a number of other reasons.

Also, if you notice the DD% on this account has now grown to over 50% DD which is also an indication of poor risk management and relaxed money management. This is a high risk situation where you will most likely suffer from a blown account.



 You don’t even know how his system works, and you don’t know what he does when DD is over 50% either.
What I want to tell you is Just try it for three months. Then you will find out why he makes so much profit.

Actually it is easy to judge and criticize when you see all the history data but it is not easy to see the real performance behind numbers

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EURUSD 1.106 GBPUSD 1.31349
USDJPY 108.572 USDCAD 1.32552

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.