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RISE AUDCAD (By Bob LLewellyn )

Gain : +24.83%
Drawdown 12.10%
Pips: 16976.0
Trades 236
Won:
Lost:
Type: Demo
Leverage: 1:200
Trading: Automated

RISE AUDCAD Discussion

FXWorkz (Silverthorn)
Mar 15 2014 at 00:41
268 posts
Awesome work Bob.

You can't spend open trades.
FXWorkz (Silverthorn)
Mar 15 2014 at 02:11
268 posts
So if I'm understanding this system correctly it's never going to make you rich but is designed to provide a secure steady income stream from an investment. Seems to work across most currency pairs BUT it only works on non US accounts.

Question..... Is it possible to run it as a PAM account off shore for US citizens? Not sure if that is possible or legal being a non US citizen.

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 15 2014 at 03:13
465 posts
No, the problem is that US trader are being forced to use US brokers and the government controls what the brokers can do. The best thing for me is to go off shore myself and trade from there. However, the Passive Income Generator works well in the US. It closes all the open trades at the same time for a total profit. There will be some of the trades that do close for a loss, but the positive trades cover for the losses and also makes a small profit. The PIG has been averaging about 2% a month.

But Rise is a true no loss program. Not perfect but stable and I think that there will be a few people who will appreciate something like that. Thanks for starting this thread. I will use it to answer questions about my research and lets see if we can figure out how to block trolls.

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 15 2014 at 03:39
268 posts
Mate it's your thread so all you have to do is go to the Profile page of anybody you don't want to comment on your thread and click the block icon near their profile picture.

Here's the first two you'll want to do!!

https://www.myfxbook.com/members/forexpipcatcha
https://www.myfxbook.com/members/forexpipcatcher

😎

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 15 2014 at 03:50
465 posts
This is a brief introduction to the topic of systemic trading systems. Systemic is not to be confused with systematic trading which has been around for many years. The plan was to, not try to teach computers to trade like humans, but to redesign the system to take advantage of the computers strengths. In other words we created a system for the computer based on mathematics.

There are four different systems, all systems can be down-loaded free and used on a demo account for as long as you like. We encourage this as we want you to know that you can trust your robot before you actually put it to work for you. Not a new idea, it is called 'Try Before You Buy' and is the only fair way to determine if a program is right for you.

We can talk about any new way to trade or invest, but any questions about buying something, referrals or anything business related should be sent to Mary at support@thesafeinvestor.com I am an INTJ personality type which is much happier staying away from business than even making money with one, so with that one exception I am glade to meet here and examine new ideas.

A good intro to our new way of doing things can be found at Forex-Assistant.com, there is nothing to buy there either so go ahead and see what we have been doing the last 7 years or so.

Phoenix is my latest research project, its not ready for prime time yet but you're free to try it out and make suggestion and comments, but I am not ready to make it available for sell it yet, even to traders that could work with it. It still needs something.

Silverthorn, since you were good enough to get this thread started, would you like to start the ball rolling?

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 15 2014 at 05:46
268 posts
It may be splitting hairs but to achieve the goal you had in mind you had two choices. Either take a more conservative instrument and dial up the risk to achieve the return you had in mind or take a high risk instrument like Forex and dial down the risk to achieve the return you wanted at the level of risk you required.

What your group appears to have successfully done is take a volatile instrument and placed it in an environment that is largely in your control. Kind of like a thermonuclear reactor.

The question of why Forex is obvious because all currencies have a sweet spot created by controlling interests (Governments) that want them to be at a balance with other economies and can do so through tariffs, interest rates etc. and a currency should always return to this point. This places all currency pairs in a perpetual range when viewed over the long term.

I believe it's for that reason you chose Forex?

Myself, I have an immense risk appetite. I'm like a bomb disposal expert who works in a high risk environment but stays safe by following time tested safe work principles. Sure I'm missing a few fingers and I'm blind in one eye but I get paid well to be good at what I do!!

Point is. Many Traders may see the returns your system is producing and scoff at it but even for a high risk trader and as part of a balanced system this EA is gold!!

It's like the safe haven that you can return your money to so it continues to grow behind a blast proof barrier.

What I'm trying to say in a rather long winded way is for investment and steady income (subject to back and forward testing) your system looks at this point to perform exactly as described. But if you are a high risk trader and can look at the big picture you need to be looking at systems like this one to be running on your holding account.

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 15 2014 at 06:18
465 posts
Since we wanted a system that we could use in our retirement, we focused on safety. But as safe as we could make it, we still diversify every chance we get. Different brokers, different systems, and even different markets.

I think most good traders would consider a safe program especially for the time when they just don't want to personally trade any more, but I liked your high / low risk system, would you mind sharing here for those that are reading this later? I would like to learn more as well.

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 15 2014 at 06:40
268 posts
I understand your motivation and do respect it but you may be selling it to only part of the potential market. My point is that I think that many High Risk traders overlook the value of a system like this in an overall well balanced plan. Your focus may have been for retirement income but the value of a secure system goes way beyond that and is an important part of a high risk system as well.

The only difference between a high risk trader and a gambler in my opinion is that a gambler is surprised when he looses. I know how much I have at risk at any time in any of my systems (2% OR LESS) and also know what the probability of loosing is (HIGH). I truly only put at risk what I expect to loose. And I do expect to loose. When the high risk pays off I receive a windfall profit. I then very quickly need to move that profit to a safe haven. This looks like a very safe haven.

I'm sure there are plenty of traders out there who don't balance their books and place excessive capital at risk but that's what makes the 98% what it is. Risk is not the enemy. It is a powerful tool that need to be controlled. The rest of your capital needs to be in the bank, real estate, Government bonds or a high earning safe haven like this.

Your complete solution for retirement is another excellent blade in my Swiss Army Knife of trading.

You can't spend open trades.
Bob LLewellyn (ForexAssistant)
Mar 15 2014 at 06:47
465 posts
Well, I have to admit that I never thought about your point and had just assumed that traders only were interested in the high risk / high reward aspect and would not be overly impressed with our low risk methods. I learned something today.

Bob

where research touches lives.
FXWorkz (Silverthorn)
Mar 15 2014 at 07:03
268 posts
Differentiate between Successful EA Traders and people who want a lottery ticket. Anyone who buys the BS that EA trading is easy is in for heartache and not a client of yours. Getting a successful EA portfolio is as hard if not harder than manual trading IMO. Just requires a different skill set.

Just counted and I have 271 EAs !!!

I only use 7 of them regularly.

Funny thing is that 4 of those cost me nothing!!!

I have over 20 being tested and optimised.

11 being run on cent accounts.

Not many would invest in that many EAs and have what it takes to decide not to send them live but that's what it takes. Like Manual Trading, cut your losses early and let your winners run.

Mature Automated Traders understand this. It's the same risk reward scenario but on a different playing field.

This EA makes so much sense to me and I have to say I haven't been this excited about a new EA for a long time.


You can't spend open trades.
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