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Pipable :: Menkent (By pipable )

The user has deleted this system.

Pipable :: Menkent Discussion

pipable (pipable)
Mar 05 2014 at 13:35
62 posts
4xman4x posted:
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 .


Haha, what i mean by ips is not the broker. clearly you can fake it. I am pointing to myfxbook ip. They can attest where the posts and accounts are coming from and compare to sphantom.

I would love to hear what other proof you would need in order to believe we are different services.

BTW, have you been watching the EA? It did some great work today :)

April

user111
Mar 05 2014 at 19:32
26 posts
pipable posted:
4xman4x posted:
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 .


Haha, what i mean by ips is not the broker. clearly you can fake it. I am pointing to myfxbook ip. They can attest where the posts and accounts are coming from and compare to sphantom.

I would love to hear what other proof you would need in order to believe we are different services.

BTW, have you been watching the EA? It did some great work today :)

April



Not really sure what you are talking about. myfxbook shows no trades for today

pipable (pipable)
Mar 09 2014 at 22:43
62 posts
Jarora
Mar 10 2014 at 07:24
371 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!😡


Yes, history repeats itself. Hard to say whether regards the same vendor (all you can hide) but the strategy is the same (Killer accounts!).

pipable (pipable)
Mar 10 2014 at 19:11
62 posts
Jarora 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!😡


Yes, history repeats itself. Hard to say whether regards the same vendor (all you can hide) but the strategy is the same (Killer accounts!).


Hi Jarora,

thanks for your comment.
I would like to know how this strategy is an account killer?
A killer EA is one which the risk is 100% for users. We have been setting the risk for all users maximum at 50% and users can attest this.

Many users have contacted us and wanted us to set their risk/lot size at a higher level. Here is what we did: regardless of the amount revenue they generate for us, we took time and explained/convinced them why they should play safe.

Here is further fact: we only charge on subscription basis so the more we generate profit for users and the longer we set our runway the more profit we will generate for ourselves. Therefore we do our best to generate the most optimum not necessarily the highest profit for them.

We release weekly backtests with legitimate withdraws which helps our users determine how much risk would be ideal for them to take using this EA.

Now if anyone is looking for an EA that doesn't carry risk, I would love to be introduced to that. Those who have this mentality will be instead introduced to scammers which don't present the risk correctly and result in the account killing scenarios.

I would love to hear furthermore from you and your suggestions. I am sure you can help us create a better/more optimized system.

David

Jarora
Mar 11 2014 at 06:39
371 posts
pipable posted:
Hi Jarora,

thanks for your comment.
I would like to know how this strategy is an account killer?
A killer EA is one which the risk is 100% for users. We have been setting the risk for all users maximum at 50% and users can attest this.


50% is not low risk or 50 pips is OK! Therefore is this grid highly risky!

pipable (pipable)
Mar 11 2014 at 07:55
62 posts
Jarora posted:
pipable posted:
Hi Jarora,

thanks for your comment.
I would like to know how this strategy is an account killer?
A killer EA is one which the risk is 100% for users. We have been setting the risk for all users maximum at 50% and users can attest this.


50% is not low risk or 50 pips is OK! Therefore is this grid highly risky!


Hi Jarora, I think you have a great point.

1: So lets look at the facts. What is the monthly profit target. if someone is expecting 30% a month, what do you think would be a reasonable risk? Can you show us a system that offers less?

2: Which one is better? An EA that has a SL of 2% an it is hit 5 times a day of an EA that has 50% SL and is only hit once in 6 months?

3: Our backtests clearly shows that most weeks our drawdown doesn't even hit 10%. I think that is a wonderful indication for what to expect.

Now I think you bring up wonderful points and I would like to ask you to bring up more points and we can further continue the conversation :)

April

FXWorkz (Silverthorn)
Mar 11 2014 at 11:17
268 posts
pipable posted:
Menkent Weekly MAR 2 2014 MAR 9 2014 Lowrisk released:
https://www.myfxbook.com/strategies/menkent-weekly-mar-2-2014/60786


Low Risk!!!! 17% draw down and Crashed on day 5?

Sorry but how is that low risk and is that a good point for conversation?

You can't spend open trades.
corre71
Mar 11 2014 at 11:30
256 posts
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!

Running only Expert advisors with good long term backtests and nice forward tests
Jarora
Mar 11 2014 at 11:50
371 posts
corre71 posted:
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!


Correctly. I would wait at least 1 year.

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