To use chat, please login.
Back to contacts

Pipable :: Menkent (By pipable )

The user has deleted this system.

Pipable :: Menkent Discussion

pipable (pipable)
Mar 03 2014 at 21:31
62 posts
enicolasgomez posted:
pipable posted:
rob559 posted:
wow ..i guess that the same greedy people will fall into that trap again as they did for sphantom and fx papa,how patethic to watch


Thanks for your comment.
Lets look at the following facts:

- We have clearly presented the risk and reward to the potential customers.
- We don't charge an upfront fee and only charge based on the amount of trade that user subscribe to.
- We charge on a weekly basis so user may drop out at any given time.
- We have a wonderful and supportive customer service.
- We offer free VPS with any subscription.

So I'd love to know how/why you'd think this is a trap?

April


Well, I can tell you how this is a trap. You are setting no StopLoss on your positions, so your Risk/Reward ratio cannot be calculated. Based on previous similar strategys like sPhantom and FxPapa I would guess that your running a 250 pips stop loss, which for a TP level of 10, customers are dealing with a RRR of 1:25; some time in the near future account will be blown.

You are using the same covering strategy than the other previous EAs; opening a second position in the same direction when initial position is around 30 pips out of the money; that's how sPhantom got blown with a 1100% losses in one day.

You can check that out at:
https://www.myfxbook.com/members/sPhantom/sphantom-auto-trader/585390

Also, it's a HUGE COINCIDENCE that a company is started with almost the same strategy than sPhantom THE EXACT SAME DAY THAT THEIR ACCOUNT LOSSES 1100% IN A DAY; 30-JANUARY-2014


Thanks for opening it up further. Yet it is incorrect for the following reasons:

- We publish weekly backtests with accurate drawdowns which clarifies for the users what stoploss to use.
- The entry lot we recommend to users is one third of our test's entry lot so by default the risk will be one third which at worst case will be 33%.
- Any user who chooses a high entry lot, we contact on a person to person basis and ask them for lowering the lot.
- We clearly publish our forward tests on demo accounts to show the potential drawdowns.

Below are the examples and customers can attests:

Backtests:
https://www.myfxbook.com/strategies/menkent-weekly-jan-11-2014/59642
https://www.myfxbook.com/strategies/menkent-weekly-jan-04-2014/59636
https://www.myfxbook.com/strategies/menkent-weekly-jan-18-2014/59635

Forward test without news feed mechanism intervention:
https://www.myfxbook.com/members/pipable/menkent-weekly-feb-23-mar/845213

Please let me know if you need more clarification.

pipable (pipable)
Mar 03 2014 at 21:34
62 posts
We will soon add a testimonial and rating section to the website so that the paying customers can share their experiences.

You should expect it by the end of the week.

April

kookoo (gwilym)
Mar 03 2014 at 22:46
76 posts
you are risking 100% of your account with each trade - that is clearly stated on your website. that means that if both positions go against your entry you will lose the whole account balance; that is why you are risking only 100$. That is a correct amount of money to risk on this type of win or lose all system, IMO

pipable (pipable)
Mar 03 2014 at 22:55
62 posts
gwilym posted:
you are risking 100% of your account with each trade - that is clearly stated on your website. that means that if both positions go against your entry you will lose the whole account balance; that is why you are risking only 100$. That is a correct amount of money to risk on this type of win or lose all system, IMO


Thanks alot for your comment.

The amount of money we will deposit to accounts will be the same for all the trading systems in future as well.

The amount of risk is 100% only on the presentation test and it is clearly stated. For customers the entry lot and the risk is both one third. Many other vendors run their systems at 100% and they dont even share it with their customers and they just blow up their accounts. We make sure we dont do that in order to keep generating profit for our clients and as week keep having them as our subscribed users.

Also I should mention that pipable's mission is to create a reputable and transparent service. Therefore we are 100% honest and clear about our operations.

@gwilym feel free to lets us know if you know of other ways to present the highest capabilities of our service.

April

corre71
Mar 04 2014 at 08:57
256 posts
pipable posted:
enicolasgomez posted:
pipable posted:
rob559 posted:
wow ..i guess that the same greedy people will fall into that trap again as they did for sphantom and fx papa,how patethic to watch


Thanks for your comment.
Lets look at the following facts:

- We have clearly presented the risk and reward to the potential customers.
- We don't charge an upfront fee and only charge based on the amount of trade that user subscribe to.
- We charge on a weekly basis so user may drop out at any given time.
- We have a wonderful and supportive customer service.
- We offer free VPS with any subscription.

So I'd love to know how/why you'd think this is a trap?

April


Well, I can tell you how this is a trap. You are setting no StopLoss on your positions, so your Risk/Reward ratio cannot be calculated. Based on previous similar strategys like sPhantom and FxPapa I would guess that your running a 250 pips stop loss, which for a TP level of 10, customers are dealing with a RRR of 1:25; some time in the near future account will be blown.

You are using the same covering strategy than the other previous EAs; opening a second position in the same direction when initial position is around 30 pips out of the money; that's how sPhantom got blown with a 1100% losses in one day.

You can check that out at:
https://www.myfxbook.com/members/sPhantom/sphantom-auto-trader/585390

Also, it's a HUGE COINCIDENCE that a company is started with almost the same strategy than sPhantom THE EXACT SAME DAY THAT THEIR ACCOUNT LOSSES 1100% IN A DAY; 30-JANUARY-2014


Thanks for opening it up further. Yet it is incorrect for the following reasons:

- We publish weekly backtests with accurate drawdowns which clarifies for the users what stoploss to use.
- The entry lot we recommend to users is one third of our test's entry lot so by default the risk will be one third which at worst case will be 33%.
- Any user who chooses a high entry lot, we contact on a person to person basis and ask them for lowering the lot.
- We clearly publish our forward tests on demo accounts to show the potential drawdowns.

Below are the examples and customers can attests:

Backtests:
https://www.myfxbook.com/strategies/menkent-weekly-jan-11-2014/59642
https://www.myfxbook.com/strategies/menkent-weekly-jan-04-2014/59636
https://www.myfxbook.com/strategies/menkent-weekly-jan-18-2014/59635

Forward test without news feed mechanism intervention:
https://www.myfxbook.com/members/pipable/menkent-weekly-feb-23-mar/845213

Please let me know if you need more clarification.


@enicolasgomez, u absolutely red in my mind and anticipated what i was saying! Is a very big coincidence that when Sphantom failed start another Ea simila on another website with a similar strategy! Now i understand why Spahntom stopped to reply to customers, because is replying to other customers! But what is most amazing is that a lot of 'traders' shows interest in this new service after only weeks of trading! is like buying a closed box and u don't know what there is inside!

Running only Expert advisors with good long term backtests and nice forward tests
pipable (pipable)
Mar 04 2014 at 15:47
62 posts
corre71 posted:
pipable posted:
enicolasgomez posted:
pipable posted:
rob559 posted:
wow ..i guess that the same greedy people will fall into that trap again as they did for sphantom and fx papa,how patethic to watch


Thanks for your comment.
Lets look at the following facts:

- We have clearly presented the risk and reward to the potential customers.
- We don't charge an upfront fee and only charge based on the amount of trade that user subscribe to.
- We charge on a weekly basis so user may drop out at any given time.
- We have a wonderful and supportive customer service.
- We offer free VPS with any subscription.

So I'd love to know how/why you'd think this is a trap?

April


Well, I can tell you how this is a trap. You are setting no StopLoss on your positions, so your Risk/Reward ratio cannot be calculated. Based on previous similar strategys like sPhantom and FxPapa I would guess that your running a 250 pips stop loss, which for a TP level of 10, customers are dealing with a RRR of 1:25; some time in the near future account will be blown.

You are using the same covering strategy than the other previous EAs; opening a second position in the same direction when initial position is around 30 pips out of the money; that's how sPhantom got blown with a 1100% losses in one day.

You can check that out at:
https://www.myfxbook.com/members/sPhantom/sphantom-auto-trader/585390

Also, it's a HUGE COINCIDENCE that a company is started with almost the same strategy than sPhantom THE EXACT SAME DAY THAT THEIR ACCOUNT LOSSES 1100% IN A DAY; 30-JANUARY-2014


Thanks for opening it up further. Yet it is incorrect for the following reasons:

- We publish weekly backtests with accurate drawdowns which clarifies for the users what stoploss to use.
- The entry lot we recommend to users is one third of our test's entry lot so by default the risk will be one third which at worst case will be 33%.
- Any user who chooses a high entry lot, we contact on a person to person basis and ask them for lowering the lot.
- We clearly publish our forward tests on demo accounts to show the potential drawdowns.

Below are the examples and customers can attests:

Backtests:
https://www.myfxbook.com/strategies/menkent-weekly-jan-11-2014/59642
https://www.myfxbook.com/strategies/menkent-weekly-jan-04-2014/59636
https://www.myfxbook.com/strategies/menkent-weekly-jan-18-2014/59635

Forward test without news feed mechanism intervention:
https://www.myfxbook.com/members/pipable/menkent-weekly-feb-23-mar/845213

Please let me know if you need more clarification.


@enicolasgomez, u absolutely red in my mind and anticipated what i was saying! Is a very big coincidence that when Sphantom failed start another Ea simila on another website with a similar strategy! Now i understand why Spahntom stopped to reply to customers, because is replying to other customers! But what is most amazing is that a lot of 'traders' shows interest in this new service after only weeks of trading! is like buying a closed box and u don't know what there is inside!



@corre71

Thanks alot for your comment.

Pipable doesnot only offer menkent, it will be offering a number of EAs which the next one will come out in about a week called NAVI. Please keep an eye on that as well and I am sure you will like it.

Please let us know your thoughts and we'd love to hear from you.

April

4xman4x
Mar 05 2014 at 07:13
15 posts
no way this the same s phantom

corre71
Mar 05 2014 at 07:32
256 posts
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

Running only Expert advisors with good long term backtests and nice forward tests
pipable (pipable)
Mar 05 2014 at 08:35
62 posts
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡


we are 100% disconnected from sphantom. our team is spread out in San Francisco, Utah and BollingBrook.

The best person who can testify that our teams are 100% not the same using their metadata and ip addresses is myfxbook team.
I would like to invite them to step in and testify this fact.

Should you have any questions, please let me know.

Thanks, April

4xman4x
Mar 05 2014 at 10:59
15 posts
pipable posted:
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡


we are 100% disconnected from sphantom. our team is spread out in San Francisco, Utah and BollingBrook.

The best person who can testify that our teams are 100% not the same using their metadata and ip addresses is myfxbook team.
I would like to invite them to step in and testify this fact.

Should you have any questions, please let me know.

Thanks, April
looooooooooooooool different ips ,what a great proof u have . u can open different account with any broker then u get the different ip . you have to face the fact that lots of people now knows about yr trick and it will be hard for u to sell yr crap for them again and again .

Please login to comment .