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FX Viper Live Master Account (By FXViperTrading )

The user has deleted this system.

FX Viper Live Master Account Discussion

jason12
Dec 16 2015 at 08:04
3 posts
Nick (NickMcDonald)
Dec 17 2015 at 07:36
86 posts
No, we use an averaging in strategy using multiple positions. The trade size doesn't increase, so it's not martingale.

Find your passion and work hard
FXViperTrading
Dec 18 2015 at 02:18
6 posts
Swaps are charged in back office so they show on my back office not on my platform


watchme
Dec 18 2015 at 13:32
582 posts
FXViperTrading posted:
Swaps are charged in back office so they show on my back office not on my platform

alright, thank you.

Never Give Up or Give In To The Market
AdBens
Jan 02 2016 at 17:58
1 posts
Hi
iam new and i like to know how much can i get if i invest 10.000 USD please for every month
and many thank to all your effort to help pepeol

VINCIMANAGEMENT
Jan 08 2016 at 18:33
9 posts
why so small performnce for last month? only 0.82% ?

goyankees85
Feb 04 2016 at 10:57
118 posts
VINCIMANAGEMENT posted:
why so small performnce for last month? only 0.82% ?


 It doesn't matter why his profit is so small. The most important thing is that he has steady growth, and he doesn't enter martingale money management when he starts to lose. Currently he is at 6% drawdown due to his eur/usd position, but he hasn't opened big lots to recover his position as many other managers do.

My avatar explains "social trading" perfectly.
sderrick
Feb 05 2016 at 11:53
6 posts
A 95% success rate means he's running his losing trades and taking small 10 pip profits where ever possible. Such a high success rate is to be expected when you have a profit target of 10 pips and a stop loss of 300 pips or more!

the question is how long can he last?

In my experience this is a classic newbie bait portfolio designed to appeal to naive copiers who expect to see a profit every day.

If the current EUR/USD move continues against him I will be interested to see where he eventually bites the bullet if at all. Currently he's got a book loss of around $13,000!

sderrick
Feb 05 2016 at 11:53
6 posts
by the way does any one know the portfolio managers name. His first name is Jeff but his surname isn't revealled in any of the marketing fluff. Maybe he wants to remain anon for a reason?

Luke (LukeA)
Feb 08 2016 at 08:06
3 posts
sderrick posted:

In my experience this is a classic newbie bait portfolio designed to appeal to naive copiers who expect to see a profit every day.


I understand your skepticism. I have never posted about Viper, but I have been watching this for months. From what i have seen he is one of the best at what he does.

His leverage is low. And he combines Techs and Fundamentals. Combining with low leverage you can have winning %'s that look like a scam.

He uses low enough leverage, where if it does go against him, he can hold and avg in.
If you build a strategy considering averaging in, you can do it. The rule against averaging in is only if its not apart of your trading plan.




Luke (LukeA)
Feb 08 2016 at 08:06
3 posts
the most succesful traders i see on forums typically trade like this.
Fundamental view, with attempts at quick trades. But the key is low leverage.
If those dont play out quickly, you can let time do its thing. Nothing moves in a straightline so trade like that. Take profits quick when your profiting. And use low leverage to withstand pullbacks.

Nick (NickMcDonald)
Feb 08 2016 at 12:02
86 posts
sderrick posted:
by the way does any one know the portfolio managers name. His first name is Jeff but his surname isn't revealled in any of the marketing fluff. Maybe he wants to remain anon for a reason?


Yes, because he's managing a huge pile of money and doesn't need the notoriety. The reason he's famous is because my team and I put a huge amount of effort into promoting his trading and building our community so we can all benefit.

He then makes a bit of extra money on the side for doing very little additional work, so everyone wins.

Find your passion and work hard
watchme
Feb 09 2016 at 07:51
582 posts
LukeA posted:
the most succesful traders i see on forums typically trade like this.
Fundamental view, with attempts at quick trades. But the key is low leverage.
If those dont play out quickly, you can let time do its thing. Nothing moves in a straightline so trade like that. Take profits quick when your profiting. And use low leverage to withstand pullbacks.
Low leverage? Or is it low lot size, right now jeff is at 4.2 lots (updated 42 mins ago).

I have an account of 1:2000 leverage but the thing is not using that crazy leverage to put in more lots but use it when necessary.

NickMcDonald posted:
sderrick posted:
by the way does any one know the portfolio managers name. His first name is Jeff but his surname isn't revealled in any of the marketing fluff. Maybe he wants to remain anon for a reason?


Yes, because he's managing a huge pile of money and doesn't need the notoriety. The reason he's famous is because my team and I put a huge amount of effort into promoting his trading and building our community so we can all benefit.

He then makes a bit of extra money on the side for doing very little additional work, so everyone wins.


Thanks Nick.

Never Give Up or Give In To The Market
Luke (LukeA)
Feb 10 2016 at 07:30
3 posts
watchme posted:
Low leverage? Or is it low lot size, right now jeff is at 4.2 lots (updated 42 mins ago).

I have an account of 1:2000 leverage but the thing is not using that crazy leverage to put in more lots but use it when necessary.



Low leverage. Leverage is lot size relevant to equity. Your maximum allowed is not what you use trade to trade. He's in USA and his broker limits 50:1 which is way more than anyone needs.

But if you enter a trade with 30,000 units and your balance is 100,000. Which his history is showing.
That is .3:1 leverage. Less than one to one.


sderrick
Feb 11 2016 at 09:24
6 posts
His leverage is higher then that!
Yes his normal lot size is 0.3 but his current open position is 4.5 and likely to rise higher.
That puts his current leverage closer to 3:1. Still low, but big enough to make a serious
dent in the account.

combusca
Feb 12 2016 at 11:51
6 posts
no doubt that, he is an excellent trader.
However, correct if I wrong guys, but, it seems to be some king of 'martingale' - without increase lots --- lol .

I have not seen any different trades instead of 'martingale' ...and Also, if were talking about a long movement - The DD is going to be much higher .Almost 8k from frist order ...maybe, one day - it returns . 😝

MIII
Feb 13 2016 at 10:00
11 posts
combusca posted:
no doubt that, he is an excellent trader.
However, correct if I wrong guys, but, it seems to be some king of 'martingale' - without increase lots --- lol .

I have not seen any different trades instead of 'martingale' ...and Also, if were talking about a long movement - The DD is going to be much higher .Almost 8k from frist order ...maybe, one day - it returns . 😝


his overall strategy is to bet on short eurusd. only surviving because of his excellent mm. But i wouldnt rely on any analysis technical or fundamental that we didnt see any irregular movements on the market. And 2% per month with risking the whole account in a grid? No. If you buy wallstreet ea for example you have a one time payment with much better results: Check 2015 for example EURUSD GBPUSD only in custom analysis here:
https://www.myfxbook.com/members/forexgermany/wallstreet-forex-robot/629733
8.45% per month.

Right now wally is in dd but you never risk your whole account. With vipers style you are binding much capital in a grid and we all know what willl happen if the price will not come back. Especiallay for those who are running 2x or 3x rik with viper because of the low return.

MIII

rob559
Feb 16 2016 at 16:28
1916 posts
why do you say that it's a grid?

i'm doing the same style and it is not a grid,it s rather swing trading on h4 and d1 chart i think for him too

one of the best style for manual trading

MIII
Feb 17 2016 at 07:48
11 posts
rob559 posted:
why do you say that it's a grid?

i'm doing the same style and it is not a grid,it s rather swing trading on h4 and d1 chart i think for him too

one of the best style for manual trading


Because if you look at the chart its building a grid. Call it what you want but if the price is going against the swing or grid you will have to wait until price is coming back. I dont say that its bad but i wouldnt use such a strategy for myself. Some robots are doing much better without being in the market all the time. But its hard to find a automated strategy that will constantly profitable. Thats the advantage of any manual trader and Jeff without any doubt is doing a great job for his clients.

Nick (NickMcDonald)
Feb 17 2016 at 08:15
86 posts
MIII posted:
combusca posted:
no doubt that, he is an excellent trader.
However, correct if I wrong guys, but, it seems to be some king of 'martingale' - without increase lots --- lol .

I have not seen any different trades instead of 'martingale' ...and Also, if were talking about a long movement - The DD is going to be much higher .Almost 8k from frist order ...maybe, one day - it returns . 😝


his overall strategy is to bet on short eurusd. only surviving because of his excellent mm. But i wouldnt rely on any analysis technical or fundamental that we didnt see any irregular movements on the market. And 2% per month with risking the whole account in a grid? No. If you buy wallstreet ea for example you have a one time payment with much better results: Check 2015 for example EURUSD GBPUSD only in custom analysis here:
https://www.myfxbook.com/members/forexgermany/wallstreet-forex-robot/629733
8.45% per month.

Right now wally is in dd but you never risk your whole account. With vipers style you are binding much capital in a grid and we all know what willl happen if the price will not come back. Especiallay for those who are running 2x or 3x rik with viper because of the low return.

MIII


He's not risking his whole account?

In fact the most he's ever risked on this account is 13.8% to date.

This is controlled by a manual trader who has the ability to adapt to a changing market, which is quite different to a static EA. Wallstreet EA has had an amazing run, but I'd be really surprised if it's still doing well in a couple of years from now.

Find your passion and work hard
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