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USGFX (By forex_trader_298076)
The user has deleted this system.
USGFX Discussion
Apr 01, 2016 at 13:09
550 Views
3 Replies
Member Since Sep 25, 2012
6 posts
Oct 26, 2016 at 12:11
It look quite interesting
forex_trader_298076
Member Since Jan 14, 2016
8 posts
Nov 01, 2016 at 23:33
Could I have your email? We will send you the details
Member Since May 04, 2012
1534 posts
Nov 02, 2016 at 04:09
(edited Nov 02, 2016 at 04:23)
Obvious tick scalper (and possibly arbitrage) strategy...
Such strategies are destroyed by B-booking brokers' ""virtual dealer plug-ins"" sooner or later. Usually sooner.
And unfortuantely they simply do not work with real ENC/STP A-booking brokers, as their spreads are not "padded" with thin liquidity as seen at pseudo-ECN brokers (incl. ICM, Pepperstone).
If such tick-scalper strategies worked so well with real ECN A-booking brokers at 588.08% average monthly profit and with only -9% max. DD, who on Earth would be selling such an EA instead of betting the house on it, and retire in St. Tropez or Marbella...
One would not even have to bet the house on it. Just with $10k start and reinvesting profits ONLY at the end of the month:
Account size after 1st month: $68,800
Account size after 2nd month: $473,300
Account size after 3rd month: $3,256,000
Account size after 4th month: $22,400,000
And these are very conservative figures as profits would be reinvested on a DAILY basis instead of monthly...
Such strategies are destroyed by B-booking brokers' ""virtual dealer plug-ins"" sooner or later. Usually sooner.
And unfortuantely they simply do not work with real ENC/STP A-booking brokers, as their spreads are not "padded" with thin liquidity as seen at pseudo-ECN brokers (incl. ICM, Pepperstone).
If such tick-scalper strategies worked so well with real ECN A-booking brokers at 588.08% average monthly profit and with only -9% max. DD, who on Earth would be selling such an EA instead of betting the house on it, and retire in St. Tropez or Marbella...
One would not even have to bet the house on it. Just with $10k start and reinvesting profits ONLY at the end of the month:
Account size after 1st month: $68,800
Account size after 2nd month: $473,300
Account size after 3rd month: $3,256,000
Account size after 4th month: $22,400,000
And these are very conservative figures as profits would be reinvested on a DAILY basis instead of monthly...
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