Vortex Trader PRO Discussion

forex_brain posted:
No need for refund as there aren't any faults. Steady, consistent profits. If you just like the thrill of seeing your account click up (and down) profit on a daily basis, this is not for you. But if you take a longer term view there is no reason to need a refund as you'll be making profit.

The only scenario I could foresee is if your account size is so small it is going to take you a very long time to recoup your investment. So maybe Doug should / could state this is best suited to accounts with £$amount +. I started on a £2k account and have since put that to a £4k account so I can increase lot size (last week I made about £250 profit with VTP). This has been a quieter month due to volatility. If you're on a $100 account this might not be for you. But if you can only invest $100, Forex might not be a sensible thing for you anyway.

You don't need to tell people to stay away, just because they only have $100, there are such things as CENT accounts where you can deposit $100 and it will trade as if it 10k on a standard account, so please.

FXtrader2010 posted:
You don't need to tell people to stay away, just because they only have $100, there are such things as CENT accounts where you can deposit $100 and it will trade as if it 10k on a standard account, so please.

cmon....running a 800$ ea on a 100$ cent is account is nuts and leads to nothing. cent accounts are perfect for grids or martys nothing more.

FXtrader2010 posted:

forex_brain posted:
No need for refund as there aren't any faults. Steady, consistent profits. If you just like the thrill of seeing your account click up (and down) profit on a daily basis, this is not for you. But if you take a longer term view there is no reason to need a refund as you'll be making profit.

The only scenario I could foresee is if your account size is so small it is going to take you a very long time to recoup your investment. So maybe Doug should / could state this is best suited to accounts with £$amount +. I started on a £2k account and have since put that to a £4k account so I can increase lot size (last week I made about £250 profit with VTP). This has been a quieter month due to volatility. If you're on a $100 account this might not be for you. But if you can only invest $100, Forex might not be a sensible thing for you anyway.

You don't need to tell people to stay away, just because they only have $100, there are such things as CENT accounts where you can deposit $100 and it will trade as if it 10k on a standard account, so please.

I'm not telling people to stay away. If you want to spend $800 to only go with a cent account, have fun. But why would you? My point was to say for investors looking for profit should consider the cost of the system. If you're on a cent account, maybe a lower cost system would be more appropriate. Yes, VTP will make the same % on a cent account. But how long would it take to be in true profit after paying for the system...?

No, the initial investment does not matter. If you only have $100 you can still turn that into big amount in not that long of time, not everyone here looking to become full time trader with 100k balance and make 1 mil overnight. 800 one time investment not that much and maybe you only want to start with 100. 3 years at 20% compounded is 70k.. point is. you cannot decided what anyone's initial investment amount needs to be. Everyone has different goals and only they an choose accordingly what is appropriate to them and there own profile.

FXtrader2010 posted:
No, the initial investment does not matter. If you only have $100 you can still turn that into big amount in not that long of time, not everyone here looking to become full time trader with 100k balance and make 1 mil overnight. 800 one time investment not that much and maybe you only want to start with 100. 3 years at 20% compounded is 70k.. point is. you cannot decided what anyone's initial investment amount needs to be. Everyone has different goals and only they an choose accordingly what is appropriate to them and there own profile.

Well good luck. Sincerely. I simply said it *might* not be for that person.. Discussions are written from perspective of author. This is mine. I hope someone with $800 to spend on their $100 investment fund simply considers all angles. As with all strategies, what risk level would you work with, considering drawdown levels? Even if every trade was profitable (not going to happen), you'd need to factor this in drawdown within the trade. I've noticed many of these trades will move against you at first before gaining a good profit. So you'd need to factor that space into your risk. I simply think most people with $100 and good risk management would find it hard to recoup their $800 in a reasonable time frame. What is your objective? That is all. But of course, if you want to go ahead go for it. It will still work well on a $100 account.

This is a steady system producing growth.

I started with £2k so my account had room to breath through trade drawdowns while managing risk. I'm looking for the system to pay for itself in months. Not days or weeks. But also not years. Will Doug be running the TC in 18 months? I sincerely hope so. But I'm not building my strategy around that. He's human. Once I've paid for the TC I will also purchase the EA. Just so I can keep this excellent system running, just in case.

Again, this is a steady system producing growth, available to anyone. Good luck all and thanks Doug.

normaly all those eas or systems running two or three years before they are replaced with new eas. vendors normaly making money with selling not trading. hopefully this system will least a little bit longer but i wouldnt count on it.

TradeNew posted:
normaly all those eas or systems running two or three years before they are replaced with new eas. vendors normaly making money with selling not trading. hopefully this system will least a little bit longer but i wouldnt count on it.

Normally I'd agree but does it make sense for the guy to recommend mega lot sizes if he thought it'd go bust? No, it doesn't.

Look at all the grid EAs. They last for years and yes the vendors make money from selling their fantastic stats but having been a user of grid EAs....1200gbp drawdown for 10gbp return? ABSOLUTELY INSANE.

This vendors EAs dont operate in that way and he recommends big enough lot sizes that 4 or 5 losses would wipe out an account. Anyone following his recommended lot sizes has not lost all of their account.

Anyway, fingers, legs, arms and eyes crossed for it to continue for the next 10 years.

fxtrader10 posted:
Anyway, fingers, legs, arms and eyes crossed for it to continue for the next 10 years.

Yes that would be great!

forex_brain posted:
No need for refund as there aren't any faults. Steady, consistent profits. If you just like the thrill of seeing your account click up (and down) profit on a daily basis, this is not for you. But if you take a longer term view there is no reason to need a refund as you'll be making profit.

The only scenario I could foresee is if your account size is so small it is going to take you a very long time to recoup your investment. So maybe Doug should / could state this is best suited to accounts with £$amount +. I started on a £2k account and have since put that to a £4k account so I can increase lot size (last week I made about £250 profit with VTP). This has been a quieter month due to volatility. If you're on a $100 account this might not be for you. But if you can only invest $100, Forex might not be a sensible thing for you anyway.

I like this EA too, can you share your myfxbook link to see the trades 😉

rebounce? oh......

likebrick posted:
rebounce? oh......

No news is moving this pair. I hope its a bounce. I cannot stand when this EA opens up trades at 00 levels.

Just too risky because those areas act as resistance even without any prior touches to confirm that.

I placed a manual sell half way down on this one as it looked like it could hurt. Will close that at zero profit if it climbs back or use it to reduce losses. But even if this is a SL, we know this doesn't happen often. Hopefully no one is too exposed.

forex_brain posted:
I placed a manual sell half way down on this one as it looked like it could hurt. Will close that at zero profit if it climbs back or use it to reduce losses. But even if this is a SL, we know this doesn't happen often. Hopefully no one is too exposed.

I just dont like the idea of losing a £1000 in one quick swoop

fxtrader10 posted:
I just dont like the idea of losing a £1000 in one quick swoop

I agree. And last night we had three trades open at once, which upset my exposure strategy. I thought it would be a max of two open at a time. But two of those were closed near even (phew). Fingers crossed this all works out, otherwise a rather good month of trading for me looks like taking a loss.

The market must know my account balance. LOL. For the past few months, I just can't seem to break a certain amount......as soon as I hit that amount......big loss!

don't over leverage yourself.... and if you are going to, then be prepared for these huge hits, it's part of the strategy. If you want that high accuracy, your SL is going to be way bigger than your TP.

fxtrader10 posted:
The market must know my account balance. LOL. For the past few months, I just can't seem to break a certain amount......as soon as I hit that amount......big loss!

Ha...same here dude. WE WILL break through that balance resistance :)

It's the same for me that I still am not using vortex trader pro :D :D :D It's been quite a strange first half of the year (and I had to include also a big loss because of the SBF, damn them).

gwindy posted:

fxtrader10 posted:
The market must know my account balance. LOL. For the past few months, I just can't seem to break a certain amount......as soon as I hit that amount......big loss!

Ha...same here dude. WE WILL break through that balance resistance :)

I fing hope so gwindy. Did you put RTP back on? I'll get round to that today I think