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Gregs Success Signals EXTREME (By ibthescottyb )

The user has deleted this system.

Gregs Success Signals EXTREME Discussion

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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