LondonForexTrader - Master Discussion

The LondonForexTrader is sharing his trading experience with Trading Signals and Managed Accounts. For more information, you can visit our website: www.londonforextrader.com

Grid trader with no martingale.
Entry using RSI or BB.

Just a considered guess.

Thank you LFT for sharing your account and ALL stats (except Open Trades, Goals and Magics Analysis).
Please correct me if I am wrong.

Kind regards,

500 bucks for a signal? 😲
Hey lads, please hold your horses!!!
I would love to try your signal...
performance is really Great
but the price is kind of greedy.
Could you guys be more flexible?
Kind regards,

Hi Pitt,

I sent you PM with further options, check it.

Regards,

Charles Harvey

'We guarantee that you will get at least 500 pips per month or subscription money back.'

Great, subscribers getting back the fee for July...😝

Seriously, do you have any subscribers? I doubt it.

clone trader ( copier trader ) EURJPY or EURUSD Short x 3 pcs trade !....

500$ too much, if you guarantee 500 pips per month need at least play 0.1 lot to get 0. For 250$ subscription it has a sense, because it'll be win-win. Another thing is that investor put 3500$ in system, so it is not so trustful. Lower price, will get more profit and clients.

I have a question about the month of July. Since you state on your website:

We guarantee that you will get at least 500 pips per month or subscription money back.

You did not get 500 pips in July. When I contacted you in email, you offered me 1 week. This is not what you state on your website. My question is will you be honoring the agreement or not? If so, how?

Dear Sir,

In July we generated 433 pips, which is 66 pips from our 500 pips target.
The combined pips in the past 5 months was 7200 pips which is more than 1400 pips per month.
We offer to refund any client who wishes to be refunded if he does not appreciate what our traders have done so far. Any client who ask for a refund will also have his account with us terminated cause if you don't like our service why you want to join. We don't need nagging clients let them stay away, we prefer our traders to do what is best for our clients in terms of generating pips with low drawdown and low risk rather take unnecessary risk with the hope of generating 60 pips more to meet the monthly target.

For clients who want to stay with us and who want some kind of payback cause we were 66 pips short of our 500 pips per month target, kindly contact us and we will extend your membership for 1 week free, cause we expect to make the missing few pips in less than a week.

What is the DD in Reality. I mean From the highest Crest to the Lowest Trough. Can a $ 2000 account is sufficient for 0.2 lot

Dear LFX
your answer is reasonable.
Your work is extraordinary.
But you could not lower the cost of your service?
We are with you in saying that the average of the past months you have gone well, very well indeed. But you might not consider a reduction in the cost of my subscription?
Thank you

Gurjeet posted:
What is the DD in Reality. I mean From the highest Crest to the Lowest Trough. Can a $ 2000 account is sufficient for 0.2 lot

The Drawdown for the last 3 months has been 300 pips maximum on all combined open trades, so at 0.2 lots its around $600.

xxomen posted:
Dear LFX
your answer is reasonable.
Your work is extraordinary.
But you could not lower the cost of your service?
We are with you in saying that the average of the past months you have gone well, very well indeed. But you might not consider a reduction in the cost of my subscription?
Thank you

Dear Sir,

The cost of the service is high if you are trading 0.1 lots per trade, but as your account grows, some of my clients are trading 2 lots per trade, so the cost of the service is really small compared to what they would pay in money management. Also with money management we don't offer minimum performance guarantee, this is why soon we will be doing only money management, and forex signals will be continued only to clients who have already subscribed with us.

londonft posted:

Gurjeet posted:
What is the DD in Reality. I mean From the highest Crest to the Lowest Trough. Can a $ 2000 account is sufficient for 0.2 lot

The Drawdown for the last 3 months has been 300 pips maximum on all combined open trades, so at 0.2 lots its around $600.

The drawdown is over 90%. The only reason it isn't higher is the trader added 2k to the account.

My account is wiped out already. All positions were stopped out. I have lost 99.55% of funds with this service.

Wow!! a lot of loses all around with people following all these quack signal providers. Is there really a service that works?

Aplmustdie posted:

londonft posted:

Gurjeet posted:
What is the DD in Reality. I mean From the highest Crest to the Lowest Trough. Can a $ 2000 account is sufficient for 0.2 lot

The Drawdown for the last 3 months has been 300 pips maximum on all combined open trades, so at 0.2 lots its around $600.

The drawdown is over 90%. The only reason it isn't higher is the trader added 2k to the account.

Not 2k USD but only 20 USD. This is a Roboforex Pro Cents account if you hadn't know. Many people were coaxed into depositing real dollars thinking that this is a standard dollar account.

If provider didn't deposit 2K or 20USD whichever that was, his account would have been blown like mine. Anyway, I've lost a few thousands with this provider already and all the positions were stopped out at the end with only 0.5% of fund in my account. He just kept adding positions when he was losing until all the positions were stopped out.

bkforex posted:
If provider didn't deposit 2K or 20USD whichever that was, his account would have been blown like mine. Anyway, I've lost a few thousands with this provider already and all the positions were stopped out at the end with only 0.5% of fund in my account. He just kept adding positions when he was losing until all the positions were stopped out.

Isnt it better to follow some free signal provider in the end?