Discussion Wang Liming Special Live

Hi! Do you offer some kind of signal service, or an EA or MAM/PAMM?

Yes. Of course. http://sourcecodefx.com

For profissional high quality MAM/PAMM management you can visit http://sourcecodefx.com
For profissional high quality signals you can visit http://konstantinfx.com

Hello Constantin

your http://konstantinfx.com does not work.
Can we see your work overther? And Where?

Best regrads

Pierre

Yes, we had some issues with our host when we tried to change our website design.(But did not affect the trade copying process for our clients in anyway)

But all is solved now, as most visitors should be able to access our site without a problem. The issue will be 100% solved in about 11 hours from now. (it might already be working for you now)

Judging from the big loss, it looks like it takes about 30 wins to balance one loss. Is this typical of this strategy?

The way how we look a it is that a "big loss" won't eat more than around 6 weeks of profit. Which is very acceptable in my book. Of course as long as we do not see it much often.

Also a 7% drawdown is NOT a "big loss" in forex.

Sorry, but when a loss burns up 30 wins, I consider it a big loss . . . regardless of overall drawdown. Especially with only a 75% win rate. This is why I questioned the overall strategy. A second question would be is this trader in the habit of leaving open trades into an FOMC announcement . . . or news pending of any kind, as was done last week?

You need to add "time" into the equation, so if it takes 2 days for example to execute 30 trades to cover a loss, is a lot more viable than if it takes 6 months to execute 30 trades to cover the loss.

Also, it really takes just 1 win to make up for 1 loss in most cases with this system, so not sure why you're relating to the 75% win rate to the "big loss" event.

As for high impact news, I did notice that Mr.Liming does avoid news trading for both his SafePlayer and WLS, however, since losses are cut much faster with the SafePlayer, you're likely to not see any open trades during news events with the SafePlayer more often. As far as WLS goes, I never seen "new" positions being executed during or before high impact news events, however, if there is open trades that already exist days before the news events, he is likely to keep those, or cut part of them to lower the risk of high impact news sudden spikes.

konstantinfx posted:
You need to add "time" into the equation, so if it takes 2 days for example to execute 30 trades to cover a loss, is a lot more viable than if it takes 6 months to execute 30 trades to cover the loss.

I agree, time does make a difference.

konstantinfx posted:
Also, it really takes just 1 win to make up for 1 loss in most cases with this system, so not sure why you're relating to the 75% win rate to the "big loss" event.

That may be, but no full recovery in 59 trades so far.

konstantinfx posted:
As for high impact news, I did notice that Mr.Liming does avoid news trading for both his SafePlayer and WLS, however, since losses are cut much faster with the SafePlayer, you're likely to not see any open trades during news events with the SafePlayer more often. As far as WLS goes, I never seen "new" positions being executed during or before high impact news events, however, if there is open trades that already exist days before the news events, he is likely to keep those, or cut part of them to lower the risk of high impact news sudden spikes.

With such a large stop loss, wouldn't it be better to at least hedge during high impact news events, just in case?

The WLS does rarely hedge, although hedging gets you to pay extra fees just to get out of the market. and most traders do not realise that by hedging, they are being out of the market.

He does however completely avoid trading during high impact news. But if there is already a running trade in drawdown during a high impact news he won't close it.

I think KonstantinFX Turtle fits your style a lot more.

konstantinfx posted:
The WLS does rarely hedge, although hedging gets you to pay extra fees just to get out of the market. and most traders do not realise that by hedging, they are being out of the market.

He does however completely avoid trading during high impact news. But if there is already a running trade in drawdown during a high impact news he won't close it.

I think KonstantinFX Turtle fits your style a lot more.

Regardless, hedging is preferable to leaving open trades into high impact news as can be seen on the FOMC he was on the wrong side of. This will continue to happen if open trades are not managed going into situations like this. Of course there are times the trader could get lucky . . . but gambling belongs in Vegas. I have looked at your signals and haven't seen anything that interests me. I run a portfolio of EAs and signals but I'm very selective on what I use.

Can you please post your portfolio so we can see how well do you do at selecting systems?

That FOMC incident did in fact get the trader to reduce the number of open trades where he has also halted trading activities going into the FOMC last month. Also, FYI your 59 days statement earlier on how long it has been since the loss is totally wrong. As it has been less than 30 days so far (since September 18th).

Please post your portfolio, so you can show us that you are truly an investor who genuinely ask questions to serve his own interest in forex investment. Otherwise, a lot of your comments contain so much exaggeration and false info which at this point it feels that you're just here to bash our business. Nothing more!

konstantinfx posted:

Also, FYI your 59 days statement earlier on how long it has been since the loss is totally wrong. As it has been less than 30 days so far (since September 18th).

Actually, I said 59 trades, not 59 days as you can see from my previous comment. It was in response to your comment where you said in most cases it only takes one trade to recover from a loss, which was obviously false.

konstantinfx posted:

Otherwise, a lot of your comments contain so much exaggeration and false info which at this point it feels that you're just here to bash our business. Nothing more!

Please provide examples of my exaggeration. I don't understand the hostility. You are selling signals, I am not. When you post a traders account, trying to sell their signals, it is now public information. This information will be questioned. That is what I am doing. If you do not wish to answer questions, maybe you should consider a career in the banking industry.

konstantinfx posted:

Can you please post your portfolio so we can see how well do you do at selecting systems?

Please post your portfolio, so you can show us that you are truly an investor who genuinely ask questions to serve his own interest in forex investment.

Yes, I can post my personal portfolio, and I will, but only if you first post yours. I don't want to see the trader's portfolios, I would like to see your personal portfolio to be sure you actually can trade and don't just sit back and collect traders fees.

I just can't believe that you can't see it. EVERY post you have added to our blogs whether its here or at donna forum has been a negative (With sometimes false info included)

Our website IS our portfolio. On the other hand, since none of the traders on our website are "good enough" for your selective portfolio, (including a system that has ended EVERY SINGLE MONTH ON profit for the past 4 YEARS). I just highly doubt that ANY other system you would post here for your portfolio would be anything but consistent at this point (or at least shows a very short length track record to make any judgment). I am 100% sure about that because you criticize from a beginners perspective.

So either show us "what you think" is a good system so we can have an intelligent debate based on how we see your experience from your own picks. Or, consider this my last reply. Because replying to you is becoming nothing but a total waste of time. Our verified track records should speak louder than any random character on any public forum.

What I can see in your portfolio is that you are only running a system called "Silent Specialist" which is a 100% gambling system (It is likely to blow up soon because it is no longer a $100 account and the trader won't handle the emotions involved with a bigger account). Sure, I would rather investing in that system though my self, than going to a casino because I do not know how to gamble, but when it comes to forex, its not really that fun to gamble anyways. However, the fact that you have "ONLY this system" showing in your portfolio says much about your experience, and I really rather not to waste time with you.

You also have not criticized that system with one single post on any blog, so your intentions are unclear.

I think the debate will end here.

Since Aplmustdie has been banned from this conversation, I guess I have to say it . . . He was right. This account isn't looking so special. I guess I'll be banned next.