SFS-PowerGrid2 (By sai10kst)
The user has deleted this system.
SFS-PowerGrid2 Discussion
Jan 30, 2013 at 01:29
863 Views
13 Replies
Member Since Jan 25, 2010
1360 posts
Jun 25, 2013 at 14:08
$300 per month is expensive for a signal service. Is there any cheaper option available? Can I purchase the EA so I do not pay forever?
Perhaps you are charging $300 per month because you are expecting the system will fail eventually, so you need to save some money from subscriptions or elsewhere to make up for your eventual losses?
Perhaps you are charging $300 per month because you are expecting the system will fail eventually, so you need to save some money from subscriptions or elsewhere to make up for your eventual losses?
Jun 25, 2013 at 19:26
Hello.
Actually, $297 per month is quite inexpensive for a system that is producing +30% a month and more on average. If you have a $25,000 account, this is $7,500 per month in profit. $297 is very inexpensive. Even if you are non-U.S. and can open an account with $2,500 at IBFX-Australia to run on nanolots, 30% average is $750 per month and $297 would only be 40% of your profits.
Obviously, there are less expensive alternatives out there, however none better. And no, the EA is not for sale and will never be.
Thank you for your interest.
Actually, $297 per month is quite inexpensive for a system that is producing +30% a month and more on average. If you have a $25,000 account, this is $7,500 per month in profit. $297 is very inexpensive. Even if you are non-U.S. and can open an account with $2,500 at IBFX-Australia to run on nanolots, 30% average is $750 per month and $297 would only be 40% of your profits.
Obviously, there are less expensive alternatives out there, however none better. And no, the EA is not for sale and will never be.
Thank you for your interest.
Member Since Jan 25, 2010
1360 posts
Jun 25, 2013 at 23:49
When you put it that way, okay it is not so expensive. But why are you charging this when you could be charging less? Aren't you making enough? Or are there costs you are covering?
You could always be charging more too... why $300 'only'?
Do you have real results for earlier than this year?
You could always be charging more too... why $300 'only'?
Do you have real results for earlier than this year?
Jun 26, 2013 at 07:34
Hello. There are real results going back almost 2 years, however not on an account with MyFxBook verification so not really something that can be shared, however the results have been quite consistent long term.
The pricing is what we consider fair. If you can open a $2,500 account and trade nanolots (example: IBFX-Australia) and cover your monthly expense and still make money, then obviously you are getting a deal if you are trading a larger account.
Providing this algorithm as a signal service is profitable for us and should be profitable for our subscribers as well. Win-win is a good thing and we assume we will have a lot more subscribers as the system continues to produce consistent profitable results.
The pricing is what we consider fair. If you can open a $2,500 account and trade nanolots (example: IBFX-Australia) and cover your monthly expense and still make money, then obviously you are getting a deal if you are trading a larger account.
Providing this algorithm as a signal service is profitable for us and should be profitable for our subscribers as well. Win-win is a good thing and we assume we will have a lot more subscribers as the system continues to produce consistent profitable results.
Member Since Jul 05, 2011
305 posts
Jul 01, 2013 at 16:56
Why are the lot sizes kept private?
Member Since Jul 05, 2011
305 posts
Jul 01, 2013 at 20:13
Usually when this is done it is some type of martingale
Jul 01, 2013 at 20:32
This is not a pure martingale, however it is built on mathematical principles of retracement and hedging to effectively continue to make profits in virtually all market conditions. It is, by nature of the algorithm, a high risk / high reward system of trading.
Member Since Jul 05, 2011
305 posts
Jul 01, 2013 at 21:08
(edited Jul 01, 2013 at 21:16)
With a drawdown already of 58% and martingale, modified or not, it is only a mater of time before there is a non recoverable drawdown. Hiding the lot size so people can't figure that out won't change that. Good Luck.
Jul 01, 2013 at 22:26
Well, that's one way to look at it. Or you could see that the account started with $25,000 on Jan. 21, there has been more than $50,000 withdrawn already, and there is still $38,000+ in the account. That would be another way to look at it.
Good luck to you as well.
Good luck to you as well.
forex_trader_89693
Member Since Aug 31, 2012
54 posts
Jul 02, 2013 at 05:23
sai10kst posted:
This is not a pure martingale, however it is built on mathematical principles of retracement and hedging to effectively continue to make profits in virtually all market conditions. It is, by nature of the algorithm, a high risk / high reward system of trading.
speaking of mathematical principles..based on the results, it doesn't take a mathematical genius to figure out that the size for the 1st & 2nd entries is 0.2 and beginning from the 3rd entry onwards, an exponential of 1.5 takes effect..apparently this martingale system uses a stoploss too but it doesn't interest me to dig deeper into it.. i strongly believe this ea is no diferent from FGT which is cloned from the most abused ea of all time, Ilan..
Rgds..
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Jul 02, 2013 at 05:28
NairSys posted:sai10kst posted:
This is not a pure martingale, however it is built on mathematical principles of retracement and hedging to effectively continue to make profits in virtually all market conditions. It is, by nature of the algorithm, a high risk / high reward system of trading.
speaking of mathematical principles..based on the results, it doesn't take a mathematical genius to figure out that the size for the 1st & 2nd entries is 0.2 and beginning from the 3rd entry onwards, an exponential of 1.5 takes effect..apparently this martingale system uses a stoploss too but it doesn't interest me to dig deeper into it.. i strongly believe this ea is no diferent from FGT which is cloned from the most abused ea of all time, Ilan..
Rgds..[/quotye
yes sir...
Jul 02, 2013 at 11:56
Never heard of Ilan, however all grid trading is going to share some mathematical principles. No worries. If you like it great, if you don't, it doesn't really matter as the system has returned more than initially invested and is currently running on 'house money'. Not a bad thing to do. Best of luck to all of you.
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Sep 27, 2014 at 14:31
NairSys posted:sai10kst posted:
This is not a pure martingale, however it is built on mathematical principles of retracement and hedging to effectively continue to make profits in virtually all market conditions. It is, by nature of the algorithm, a high risk / high reward system of trading.
speaking of mathematical principles..based on the results, it doesn't take a mathematical genius to figure out that the size for the 1st & 2nd entries is 0.2 and beginning from the 3rd entry onwards, an exponential of 1.5 takes effect..apparently this martingale system uses a stoploss too but it doesn't interest me to dig deeper into it.. i strongly believe this ea is no diferent from FGT which is cloned from the most abused ea of all time, Ilan..
Rgds..
Very True.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
