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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tk51

Member Since Sep 29, 2018  17 posts tk51 Nov 14 at 17:48
Frero just adapts to the market.

livegood3

Member Since Nov 08, 2011  48 posts livegood3 Nov 14 at 23:45
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.


My account has an 11.49% return for October for so far.

test the waters, before you dive in
Julien1984

Member Since Nov 05, 2019  12 posts Julien1984 Nov 15 at 09:49
@livegood3

From what I can see on the history, the trades, that have made the 15% gain, has been before the 8th of November ... so it seems you just missed it by registering on the 8th ;)
Just wait and see for the next profitable trades.


jaytrad00

Member Since Aug 31, 2019  4 posts jaytrad00 Nov 15 at 10:23
Head over to https://www.signalstart.com/analysis/frero/52591. If your profit % is less than Frero, you're taking less risk than him and it's not necessarily a bad thing if you can't handle drawdown. If higher than Frero, you're taking more risk. Don't take more risk than the signal provider otherwise his strategy won't work for you as you might be stopped by lack of margin.

wrbking

Member Since Apr 09, 2019  23 posts wrbking Nov 15 at 13:34
livegood3 posted:
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.


My account has an 11.49% return for October for so far.

this month means Last 30 days.

Gambis

Member Since Jun 14, 2012  3 posts Gambis Nov 15 at 18:47 (edited Nov 15 at 18:48 )
Subscribed since 24th October ~11% gain. Check his closed trades, you'll see from where is the gain this month.
And your account looks like is a poor copy of frero trades.

aranciata

Member Since Aug 30, 2018  39 posts aranciata Nov 15 at 19:48
@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.

Professional4X

Member Since Jan 05, 2016  1141 posts Professional4X Nov 15 at 23:21
wrbking posted:
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


Actually I DO understand what the account is doing, I reviewed the account history, and my 30+ years of experience as a PROFESSIONAL QUANT gives me the experience and understand that you do not have. The adults are talking here.

ANYONE running a live account that has +50% DD is not using effective risk management.

Also, considering you are responding on have only a couple of posts to your account, and since you are so quick to defend the account from anyone who questions it, I suppose the real question is, why are YOU so worried about it.

This is a HIGH RISK scenario and should be avoided due to the risk of blowing the account. Scalping accounts SHOULD NEVER be copied due to LATENCY issues over the net. If you actually knew what I was referring to, you wouldn't have been so quick to try and defend it.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  1141 posts Professional4X Nov 15 at 23:25
tk51 posted:
Frero just adapts to the market.


No. It doesn't.

A quick review of the trading history CLEARLY shows the account is NOT a system capable of effective dynamic adaptation to market conditions. The fact that there is a greater than 50% DD shows this to be an absolute FACT.

This account has over 50% DD and is using High Risk trading + scalping.

This is not a safe investing strategy and is absolutely not adapting to the markets as you imply.



If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  1141 posts Professional4X Nov 15 at 23:41
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.
Attachments:

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