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Gregs Success Signals EXTREME (By ibthescottyb )

The user has deleted this system.

Gregs Success Signals EXTREME Discussion

ibthescottyb
Apr 18 2012 at 12:42
407 posts
Care to join me?

https://forexscott.gstefaniak.hop.clickbank.net

Purchase from the link above and I will do what I can to help you - although Greg is AWESOME at answering questions!😁
ibthescottyb
Apr 18 2012 at 14:29
407 posts
Current recommended broker

https://www.hotforex.com/?refid=10003

Hot Forex offers good leverage and great spreads. Works well with this service.
Professor53
Apr 20 2012 at 19:08
795 posts
Great job on posting this on the charts for me to follow.. Id love to see the balance.
Click on my Name to see My Live Charts and Bio.
ibthescottyb
Apr 20 2012 at 19:45
407 posts
There ya go! The drawdown sure is unnerving - but the balance/leverage should be more than enough to cover.
ibthescottyb
Apr 20 2012 at 20:05
407 posts
Note: The EXTREME in the title refers to the optional Add-on to trade multiple pairs. It is recommended and used by this chart.
ibthescottyb
Apr 25 2012 at 02:37
407 posts
If you purchase from the link above, let me know so I can thank you and let you know what I have found out so far while trading Gregs Success Signals EXTREME
ibthescottyb
Apr 27 2012 at 13:53
407 posts
37% Actual Drawdown hit today. Glad the account keeps growing to cover. C'mon GBP...DROP! LOL😇
MetaCoder
Apr 28 2012 at 17:14
126 posts
Equity Curve looks Nasty!
My recommended Broker
ibthescottyb
Apr 28 2012 at 17:18
407 posts
Yes...yes it does.
Professor53
Apr 28 2012 at 17:20
795 posts
Scotty: I wrote this letter to some one asking about the chart.

35% risk and 35% growth per month. Its a live account of scottys. See his chart and the links at https://www.myfxbook.com/members/ibthescottyb/gregs-service/271139

   He has some comments at the bottom and a link for you to follow if you would like. I run a Private VPS, see my comments to follow that liink if you wish. The 35/35 CLub is a nic name I gave our group. Scotty has a XL work sheet taking $1000 to one million in 24 months. Ask him to send it to you and he will. We arent using a normal EA. We are using a signal service that sets up like a normal EA. We have had up to 15 trades at once time active and trading 2 pairs both directions. YOur broker must beable to allow hedging and have a high leverage. We are using Hotforex as our broker. They allow 500/1 and this week are matching 50% bonus up to a limited amount. THe trades come from a live trader that does very well. Risk runs high if you push it, thus our 35/35 club nick name.
 
Heres the link to veiw scottys account online chart. Contact scotty cause he does the logistics for this.

https://www.myfxbook.com/members/ibthescottyb/gregs-service/271139


35 % risk equals 35% growth per month.

Garry

Click on my Name to see My Live Charts and Bio.
ibthescottyb
Apr 28 2012 at 17:36
407 posts
Thanks Garry.
One thing I like about this strategy. It offers repeatable, budget-able results. Its still early. Growth is great but income is better. IMHO
Professor53
Apr 28 2012 at 20:47
795 posts
Scotty, I came accross this web site for a trading journal. Looks interesting to do your logistics that you like so much. https://trading-journal-spreadsheet.com/forex-trading-journal-spreadsheet/
 Its possible that myfxbook.com does something similar, but not as easy on the eyes.
Enjoy.

Garry
Click on my Name to see My Live Charts and Bio.
ibthescottyb
Apr 28 2012 at 23:54
407 posts
If the current drawdown is handled by the strategy...it is a safe bet for excellent future income.

Thank you Garry for the link.😄
marsie
Apr 29 2012 at 17:56
18 posts
I use GSSE. But find out to late that it is a grid with martingale. Greg don´t told it as he offer his system. I think the trades will made by a bot. No intelligent people set his trades to sell in a verry verry strong upward trend. In this case my account will blow away when GBPUSD move few points upwards. This would be happen last friday when I don´t closed any positions per hand.

This people write detailed what´s going wrong with GSSE: https://www.forexpeacearmy.com/public/review/www.gregssuccesssignals.com
ibthescottyb
Apr 29 2012 at 18:25
407 posts
Thank you Marsie for the link. All information has value.

I will agree that Greg could have been a little more forthcoming with his money management strategy. However, after requesting more information from him, he was very specific in what account balance and leverage should be.

I am using a higher leverage broker so I have a bit more room to maneuver than a smaller leverage account would have. Should the current drawdown recover, all will be well.

If not, it is no different than other strategies that have been tried and failed over time since forex began.

Thanks again!
ibthescottyb
Apr 29 2012 at 20:50
407 posts
There is a user setting within the EA that dictates what lotsize you will be trading at. It is called DivideRate and yes there is a graduated lotsize increase involved.

Here are Greg's recommendations.

for account below $2000, DivideRate should be 0.5
for account below $2000-4000 DivideRate should be 1.0
for account below $4000-$6000 DivideRate should be 2.0
for account below $6000-$10000 DivideRate should be 3.0


Hope this helps. With the mass draw-down that I am currently in, I am still only at 41% DD, High...yes. But acceptable in a grid strategy.
marsie
Apr 30 2012 at 10:32
18 posts
That´s right. But he didn´t tell this before we started to trade. In the video tutorial he said 'DivideRate 1.0 as default setting' and that we don´t change this. With the knowlegde that he uses a martingale grid, most traders with experience would handle this system more carefully. Everybody who knows Forexhacked and quickly wiped out accounts, knows the danger of martingale systems.
ibthescottyb
Apr 30 2012 at 11:36
407 posts
Marsie-

I agree with you. There could have been more information offered to allow traders to plan better.
ibthescottyb
May 03 2012 at 00:40
407 posts
Drawdown back to 18%
ibthescottyb
May 04 2012 at 15:35
407 posts
GBP trades finally cleared. Dont really care for how MyFxBook calculates growth. But check the Balance tab to see that we are still going strong. Daily Income Continues!
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