Frero (by wassel2017) Quick Stats
Gain: +12213.92%
Drawdown: 44.21%
Pips: 47023.3
Trades: 2152
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Manual

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Frero Discussion
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aranciata

Member Since Aug 30, 2018  13 posts aranciata Aug 30 at 13:24
One of the first signals I subscribed to would have no activity for 4–6 weeks while the trader went on vacation. Signal Start provides statistics for the signals, and you can also go back in the history to see if this has occurred before you subscribe.

tatr3

Member Since May 07, 2019  3 posts tatr3 Aug 30 at 16:19
Hello Wassel, can I stay calm? With your settings ( 0.01 lot for 1000 euro balance ) I am starting to feel little uncomfortable, because of DD close to 30% and 47 open trades. Now it is enough just little movement and DD is increasing very crazy. Do you have some strategy, when DD will come to some percentage, to hedge it or something? To ensure capital? Trump is tweeting agin and market seems to be not predictable. I just dont want to lose my money, I am looking forward for your answer. Thanks

aranciata

Member Since Aug 30, 2018  13 posts aranciata Aug 30 at 20:10
I think Wassel knows what he is doing. EUR/USD has turned around. Right now MT4 shows the drawdown in my account as 18.9%. I'm sure it was greater earlier, before the price started rising. MT4 says I have 47 trades open; Signal Start shows 51! In any case, we should let Wassel focus on trading. For the returns he delivers, we have to take some risk.

tk51

Member Since Sep 29, 2018  7 posts tk51 Aug 30 at 21:00
Hello, if you take the recommended Lot size, you can relax and follow the trader. 50-60% DD are quite normal. but it rarely happens

aranciata

Member Since Aug 30, 2018  13 posts aranciata Aug 30 at 21:49 (edited Aug 30 at 21:51 )
CORRECTION: My ratio of lot size to account value is 0.006 lot per 1000 USD balance, which is lower than yours, even after correcting for the difference between EUR and USD. This explains part of the discrepancy between my drawdown and tatr3's. I just keep the multiplier in Signal Start set to 1.0.

BTW I just noticed in the blurb on the Frero signal in Signal Start that Wassel posted the following update on 18 Aug: 'Leverage is reduced to 1:50. This will not impact anything from followers' end, nor from our end. the lot size opening remain the same, as well as the number of possible open trades, we're just making the account size about 750k€ for a lot opening size of 6 lots per single trade instead of an account size of 600k€ initially. Please do nothing from your end.'

So now—in EUR— the ratio should be 0.008 lot per €1000 in the account.

aranciata

Member Since Aug 30, 2018  13 posts aranciata Aug 30 at 21:52
tk51 posted:
Hello, if you take the recommended Lot size, you can relax and follow the trader. 50-60% DD are quite normal. but it rarely happens


I agree.

aranciata

Member Since Aug 30, 2018  13 posts aranciata Aug 30 at 22:11
Can someone else please tell me how many trades you have open in your account following Frero? Signal Start still shows 51 open trades (when the market closed for the week), and MT4 still shows only 47 open trades in my account. I'm wondering if I missed 4 trades.

riversaile

Member Since May 27, 2019  2 posts riversaile Aug 31 at 03:49
aranciata posted:
I think Wassel knows what he is doing. EUR/USD has turned around. Right now MT4 shows the drawdown in my account as 18.9%. I'm sure it was greater earlier, before the price started rising. MT4 says I have 47 trades open; Signal Start shows 51! In any case, we should let Wassel focus on trading. For the returns he delivers, we have to take some risk.


Well said mate. I've been with him for 3-4 months now and I've been through events like these. Just hold through even if he opens more positions.

jimmy8378

Member Since Mar 05, 2015  17 posts jimmy8378 Aug 31 at 05:26
I hope you guys can get out of this without too much harm, but this system is very dangerous with no exit strategy. It has done well in the last 18 months only because EURUSD price movements have been very choppy, but once volatility returns where the pair can move 200-300 pips in a day, I am certain this account will end in massive loss. With this system you should only trade with money you can afford to lose!

wrbking

Member Since Apr 09, 2019  12 posts wrbking Aug 31 at 05:29
riversaile posted:
aranciata posted:
I think Wassel knows what he is doing. EUR/USD has turned around. Right now MT4 shows the drawdown in my account as 18.9%. I'm sure it was greater earlier, before the price started rising. MT4 says I have 47 trades open; Signal Start shows 51! In any case, we should let Wassel focus on trading. For the returns he delivers, we have to take some risk.


Well said mate. I've been with him for 3-4 months now and I've been through events like these. Just hold through even if he opens more positions.


How do you feel and what will you do when these situation happen? Will you just leave it alone or watch the charts closely?

To be honest, everytime these happen, I am too nervous to fall asleep and watch the charts but do nothing actually.

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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.