ShareFrero (by wassel2017) Quick Stats
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Frero Discussion
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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?
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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' :) |
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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. |
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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. |
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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 |
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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 |
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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. |
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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. |
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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!! |
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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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