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Gregs Success Signals EXTREME (By ibthescottyb )

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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!

aleksander.polanski@
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
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