To use chat, please login.
Back to contacts

Gregs Success Signals EXTREME (By ibthescottyb )

The user has deleted this system.

Gregs Success Signals EXTREME Discussion

Professor53
May 04 2012 at 16:12
795 posts
I see your drawdown has resolved its self and made some profits daily as you have planned. Keep up the work and great job!
Garry
Click on my Name to see My Live Charts and Bio.
ibthescottyb
May 04 2012 at 16:53
407 posts
Thank you Garry,

I think that as a pair oscillates, drawdown like that will have to be a consideration as well as a common occurance. And I believe the primary reason why Greg recommends such a high balance before increasing the DivideRate variable.
alpo
May 04 2012 at 17:37
104 posts

   ibthescottyb posted:
   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!
The purchaser of one copy - according to info ibthescottyb - but is now back!
ibthescottyb
May 04 2012 at 17:48
407 posts
Welcome Alpo - Best wishes
ibthescottyb
May 05 2012 at 16:09
407 posts
I have been reading many blogs and MyFxBook accounts where the account have been blown up by this strategy. It is VERY important that the account have the proper balance and dividerate settings for this strategy. Based on emails back and forth with the GSSE team and Greg, here is a chart I have come up with. This shows what the dividerate setting should be for a given account size. All based on my results thus far.

It also will show you size of the order this strategy will open IF the first trade goes against you. It is not quite a martingale, but it will open increasingly larger size orders and will adjust TP for ALL orders in a given direction with the result being an overall gain with less and less price movement. I am not sure what the table will look like once I hit 'send' but I would be happy to email you the complete spreadsheet. So if you have questions, feel free to ask.


DivideRate-Balance--order 1-Order 2-order 3-order 4-Order 5-Order 6-order 7-order 8
1- $2,000.00- 0.02- 0.02- 0.02- 0.06- 0.12- 0.18- 0.24- 0.30
2- $4,000.00- 0.04- 0.04- 0.04- 0.12- 0.24- 0.36- 0.48- 0.60
3- $6,000.00- 0.06- 0.06- 0.06- 0.18- 0.36- 0.54- 0.72- 0.90
4- $8,000.00- 0.08- 0.08- 0.08- 0.24-0.48- 0.72-0.96- 1.20

Greg - If you read this, feel free to make any comments on it.
ibthescottyb
May 05 2012 at 16:26
407 posts
I recommend a little math work and check your current leverage and make sure your account can afford to be in order sizes of this nature with a potential 50% drawdown.
ibthescottyb
May 05 2012 at 16:36
407 posts
I don't know why - but MYFXBOOK is showing a -16% gain for this month so far. That makes no sense as I have not had a losing day since I started. Look at the PROFIT -BALANCE - DRAWDOWN tabs on the main chart. They seem to be right. Why would the GROWTH chart drop?
marsie
May 07 2012 at 00:11
18 posts

   ibthescottyb posted:
  
DivideRate-Balance--order 1-Order 2-order 3-order 4-Order 5-Order 6-order 7-order 8
1- $2,000.00- 0.02- 0.02- 0.02- 0.06- 0.12- 0.18- 0.24- 0.30
2- $4,000.00- 0.04- 0.04- 0.04- 0.12- 0.24- 0.36- 0.48- 0.60
3- $6,000.00- 0.06- 0.06- 0.06- 0.18- 0.36- 0.54- 0.72- 0.90
4- $8,000.00- 0.08- 0.08- 0.08- 0.24-0.48- 0.72-0.96- 1.20

Greg - If you read this, feel free to make any comments on it.

So far so good. You had the luck that gbusd was going south and stopped the rallye. A strong trend is deathly for Gregs system. For all grid systems. In the last week I a got a call from a firm in USA with work together with Greg. I don´t know, what they wanted. Because my english is bad and spoken american english I cannot understand. Souds like frog under water in my ears.
ibthescottyb
May 08 2012 at 13:28
407 posts
SO it appears that myfxbook bases its growth solely on pips. As we had an overall gain the other day, the only thing that was negative was the pip count. MyfxBook may not be the best place to represent Gregs Signals. Anyone have other ideas as to a place to post result that is more accurate?
marsie
May 08 2012 at 14:24
18 posts
ibthescottyb
May 08 2012 at 14:43
407 posts
Cool - Thank you Marsie! I will check it out
Professor53
May 10 2012 at 16:18
795 posts
Your growth continues.... hurray.
Click on my Name to see My Live Charts and Bio.
ibthescottyb
May 11 2012 at 12:57
407 posts
Yep - Another week of profit - we like!😎
ibthescottyb
May 11 2012 at 22:28
407 posts
Somebody mentioned that since I was making money with GSSE and other were not, I must not be using GSSE at all. I just noticed that I had 'Trade Comments' set to private. My apologies - that is fixed now.
marsie
May 16 2012 at 00:38
18 posts
What did you do with the equity growth? Few hours ago I saw 35% in your chart and now 123%. How can this be? Greg has 13 orders open. With a loss 2600 pips. We see the same shit happens like few days earlier. I had lost the half of my account. I set divide rate 0.5 by deposit 1500 usd. And when eurusd and gbpusd fall some pips comes the margin call.

Equity Floating Free margin Margin in use
580.14 - 907.36 411.73 168.41

Why I can´t see the worst draw down in your chart? It seems I have to travel to travelling trader greg. Krakow is near by me. And than I knock his head at the wall. Succesful extreme signals? Extremely shitty.
ibthescottyb
May 16 2012 at 02:04
407 posts
Hi Marsie,

I am still showing 123%. Nothing has changed on my end. What leverage are you using? I am using 1:500 Hotforex account. I am in huge draw down also but only using $186 of my balance to be in trades with -$1286 in the negative
marsie
May 16 2012 at 02:09
18 posts
I´m by Pepperstone with 1:400 leverage.
ibthescottyb
May 16 2012 at 02:15
407 posts
Then I do not know - here is a screenshot of my current trades as of now.

ibthescottyb
May 16 2012 at 02:19
407 posts
I would suppose that if I started a $1500 account at the beginning of this recent downtrrend, I probably would have gotten a margin call also.😞
ibthescottyb
May 16 2012 at 04:11
407 posts
Hey Marsie, You mentioned that 'Greg has 13 trades open'...where do you see this? I'd be interested how my trades match up with his.

Thanks!
Please login to comment .