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StatArb Pro 250,000 USD (By statarbpro)

Gain : +17.81%
Drawdown 7.99%
Pips: 352.1
Trades 128
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Manual

StatArb Pro 250,000 USD Discussion

statarbpro (statarbpro)
Aug 24 2012 at 03:10
55 posts
duzyfx posted:
statarbpro posted:
Retail traders must be getting scammed a lot these days. I don't get grilled this hard from hedge funds.


if you sell to 100 ppl then you get 30k
if 1000 then you get 300k

most people bring to the market highly optimized EAs that stop working a month or so after the release

like the saying goes - if you really have a good system why can't you bet your house, credit cards, your friends money etc on it ?

why are you trying to make money by selling it ? The rule of the thumb is if you sell 1000 copies you make 300k
those 1000 copies could create such an influence in the market that the strategy won't work anymore since the order will be noticed and taken care of by the market...

to be honest you'd have to be a saint to offer a system that lasts ... and we know people are not saints


I do trade this for myself. I trade this for family. I also trade it for multiple institutions. And to think that 1000 or even 10,000 retail FX traders could skew the market is nonsense. First the market is decentralized. Secondly the liquidity is vast. Central banks haven't been able to corner the market for long. Lastly most brokers run a B Book. That liquidity is infinite as the broker is taking on the risk. But even if we were all trading at the same times, the average position size taken by a retail trader wouldn't make a pip's difference even if we all took the same trades.

But you're a skeptic and that's fine. Check in in a couple of months, or a year. I'll still be here. This is my 11th year trading professionally. I don't know how to do anything else.

statarbpro (statarbpro)
Aug 24 2012 at 03:11
55 posts
duzyfx posted:
statarbpro posted:
... marketplace is rife with folks with less than honorable intentions.


I bet there are many that have honorable intentions but it's not enough! It's a zero sum game. Big players always win.


People do succeed at this. The first step to success to trading or in anything in life is first believing that it is possible.

Hailkay
Aug 24 2012 at 13:07
42 posts
Hi Statarbpro.

How to get a ride a your system ?
Why not trying is this that expensive a month ? I can't see fees on site for now (new to site) but im gonna look for it.

Questions : How much $ should one have, using the same % of risk your strategy takes or maybe using half risk on a trade to be cautious. to still make a cash whilst still paying the monthly fees.

 
We can't know results for in futurer so it may be not easy to answer but let's talk about anverage monthly gain.
I diidn't know such strategies existed and that they worked. Or kept highly secret, thanks if unveiled for us.

statarbpro (statarbpro)
Aug 24 2012 at 13:09
55 posts
duzyfx posted:
anyways how is this EA sold ? a couple days ago I've seen a rental offer for 1 year for a few under $500 and another offer for either $1k or $2k (can't remember). Now I see the promo for $297.

So is the EA rented or bought ? Is the EA relying on an external server for signals (eg: signal copier) or does it work on it's own ?

What minimum leverage is necessary ? How many minimum pairs are necessary ?


For the first month the EA will be sold @ $297. You will own it.

All of the order logic resides within the EA. The only thing that is not a part of the EA is the actual picking algorithm which is hosted in a private cloud pushed by 7 HP Proliant servers. Simply put the average PC doesn't have the computing power to run the picking algorithm. The algo picks the arbs and the EA then begins to watch them for entries and exits based on your settings and the pairs available at your brokerage. Everything from entry to exit happens on your computer.

The minimum leverage necessary is 50:1, but the EA's money management is based on 10:1. The algo tracks 56 pairs, but half, or 25+ pairs should work fine.

paltalk
Aug 24 2012 at 13:09
52 posts
I need to buy a good expert adviser .. i red about StatArb Pro .. i could not know if it is good or scam ..
please help .
my regards .

statarbpro (statarbpro)
Aug 24 2012 at 13:15
55 posts
stevewalker posted:
in this kind of systems; means corrolated paris trades Back test means nothing.

becouse system expects all traded corolated pairs react like did before.
surly it is not possible. whlie one curr is not reacting like past how we can expect 2 or 3 or more react same as past.
no way......


How do you trade then? I mean what is trading if not finding an exploitable, repeating pattern and trading it? Saying that pairs never act like they did in the past would assume that the random walk theory is the way of the markets. It would negate every form of technical analysis. Trendlines, Support and Resistance levels, and every trend following method would not work. Even fundamentals wouldn't play into a position traders methodology is price never reacted like it did in the past with any degree of accuracy.

I suppose what I'm saying is if there are no repeating patterns in the market, why not just flip a coin and enter trades at random, because based on your statement that's the only way to trade. I looked at your profile and you have a few systems running. Are they not based on the idea that there are repeating patterns in the market?

statarbpro (statarbpro)
Aug 24 2012 at 13:15
55 posts
Hailkay posted:
Hi Statarbpro.

How to get a ride a your system ?
Why not trying is this that expensive a month ? I can't see fees on site for now (new to site) but im gonna look for it.

Questions : How much $ should one have, using the same % of risk your strategy takes or maybe using half risk on a trade to be cautious. to still make a cash whilst still paying the monthly fees.

 
We can't know results for in futurer so it may be not easy to answer but let's talk about anverage monthly gain.
I diidn't know such strategies existed and that they worked. Or kept highly secret, thanks if unveiled for us.


It's all at https://www.statarb.pro

Hailkay
Aug 24 2012 at 16:03
42 posts
Statarbpro.

Could you asses 80/90%+ accuracy that it's profitable ?

Ur website is common. Godd information. But ive seen scam on it. And real products.
All i wanna know is : Can you tell me right now it can be profitable if i let it run with a NDD broker, FXCM, 3 pips spread average euro. A VPS.
No complicated settings to do.


It's likely 80+ to work. No wipeout account if your settings are respected ?
Can you clearly asses that

statarbpro (statarbpro)
Aug 24 2012 at 22:44
55 posts
We only track pairs that are historically 80% or greater in profitability, but in practice it's more like 70%.

And yes, I can, without a doubt, that it's easy to set up and if you adhere to the money management parameters, that you'll be profitable.

That said, this isn't a get rich overnight kind of EA. This is definitely a get rich over years EA.

statarbpro (statarbpro)
Aug 25 2012 at 21:14
55 posts
Since so many people asked for this we put up a page just with brokers and their minimum position sizes: https://www.statarb.pro/brokerage-guide/

Please note: This is not an endorsement of any brokerage. This list is for information only and if you select a brokerage from the list, the due diligence requirements are your responsibility.

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