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Členem od Dec 04, 2010
1447 příspěvků
Jun 02, 2016 at 12:49
(Upravené Jun 02, 2016 at 12:54)
togr posted:there are plenty of dodgy brokers around they aren't that rare (I consider any brokers that don't pass trades through to the market operating B books as scams. These are often identified as those that offer deposit bonuses, whereby they are trading against the trader and want them to lose, as they then win. If a system can't work on a well regulated True ECN non market maker broker I personally am not interested in it, although others maybe there are other threads with less strict criteria. cheersaeronthomas posted:
A couple more criteria.
7) Accounts must be updated at least each hour (this is to prevent owners from hiding true drawdown figures like some vendors are doing on myfxbook by updating daily or even less frequently).
8) Accounts needs to be on regulated brokers by ASIC (Australia), NFA (USA) FCA (UK), Swiss, I.e. no Belize, St Vincent, Russian, Seychelles brokers.
Well while I understand many of your criterias I don follow with broker regulation. I have account at Octafx, performing great and I have already withdrew more than i deposit. I mean there are couple known brokers where systems has like 10000% FAKE profit like USGFX
But these are rare.
Členem od Jul 19, 2010
23 příspěvků
Jun 02, 2016 at 13:03
(Upravené Jun 02, 2016 at 13:04)
togr posted:aeronthomas posted:
A couple more criteria.
7) Accounts must be updated at least each hour (this is to prevent owners from hiding true drawdown figures like some vendors are doing on myfxbook by updating daily or even less frequently).
8) Accounts needs to be on regulated brokers by ASIC (Australia), NFA (USA) FCA (UK), Swiss, I.e. no Belize, St Vincent, Russian, Seychelles brokers.
Well while I understand many of your criterias I don follow with broker regulation. I have account at Octafx, performing great and I have already withdrew more than i deposit. I mean there are couple known brokers where systems has like 10000% FAKE profit like USGFX
But these are rare.
When a broker goes bust if is not regulated you can say bye bye to your money. This is the main point why i would always chose a regulated broker, cause deposit will never stay on the company assets but separeted on segregated accounts and controlled by the regulation. I was inside the SNB news on 15 january i wouldn't ever you had an experience like that. But who was inside that time would understand the importance of a regulated broker and the importance to not PUSH LEVERAGE FOR GOD SAKE. You are playing in here. Do trading is not play a game! or show's up a mostruos percent! it's a serious investment and i saw people cry they own over thousends dollars to Alpari uk after the crack. People with 10k deposit and they have to pay to KPMG over 100k. And People complain my stats saying "but you don't do so much % you don't earn so much or that or this." IF you want play with your money and you don't know the risk to trade in certain conditions up to you. I just hope you know what are you doing. I was with 40k real account on alpari UK and it tooks 5 months for have them back by FCA. ALWAYS REGULATED IS A MUST. IS NOT A GAME AND SOONER OR LATER YOU WILL LEARN IT!
Change your mind , change your life , change your world.
forex_trader_274915
Členem od Sep 16, 2015
15 příspěvků
Jun 02, 2016 at 13:23
(Upravené Jun 02, 2016 at 13:24)
A very good post and so very true - the SNB tsunami was a lesson in why using leverage beyond 3:1 is suicide.
For many, the fixed stop losses were useless as liquidity dried up and price just shot through stops like a hot knife through butter.
I'm a signal provider on two on the more popular sites and still there are precious few who can offer a verified track record of over 12 months trading.
Why? - Most over leverage trying to build small accounts into large ones too quickly.
Arguably the greatest investor in the world, Warren Buffet had a long standing track record of achieving around 20% return year after year. Yet the hype around FX suggests people can achieve 10%+ per month - sure its possible but its likely your account won't be around for too long to ever truly benefit from compound growth.
For many, the fixed stop losses were useless as liquidity dried up and price just shot through stops like a hot knife through butter.
I'm a signal provider on two on the more popular sites and still there are precious few who can offer a verified track record of over 12 months trading.
Why? - Most over leverage trying to build small accounts into large ones too quickly.
Arguably the greatest investor in the world, Warren Buffet had a long standing track record of achieving around 20% return year after year. Yet the hype around FX suggests people can achieve 10%+ per month - sure its possible but its likely your account won't be around for too long to ever truly benefit from compound growth.
Členem od Feb 22, 2011
4573 příspěvků
Jun 02, 2016 at 13:30
aeronthomas posted:togr posted:there are plenty of dodgy brokers around they aren't that rare (I consider any brokers that don't pass trades through to the market operating B books as scams. These are often identified as those that offer deposit bonuses, whereby they are trading against the trader and want them to lose, as they then win. If a system can't work on a well regulated True ECN non market maker broker I personally am not interested in it, although others maybe there are other threads with less strict criteria. cheersaeronthomas posted:
A couple more criteria.
7) Accounts must be updated at least each hour (this is to prevent owners from hiding true drawdown figures like some vendors are doing on myfxbook by updating daily or even less frequently).
8) Accounts needs to be on regulated brokers by ASIC (Australia), NFA (USA) FCA (UK), Swiss, I.e. no Belize, St Vincent, Russian, Seychelles brokers.
Well while I understand many of your criterias I don follow with broker regulation. I have account at Octafx, performing great and I have already withdrew more than i deposit. I mean there are couple known brokers where systems has like 10000% FAKE profit like USGFX
But these are rare.
Sure. My point was that system that works on unregulated broker should work on regulated as well.
Členem od Feb 22, 2011
4573 příspěvků
Jun 02, 2016 at 13:37
FXClarity posted:
A very good post and so very true - the SNB tsunami was a lesson in why using leverage beyond 3:1 is suicide.
For many, the fixed stop losses were useless as liquidity dried up and price just shot through stops like a hot knife through butter.
I'm a signal provider on two on the more popular sites and still there are precious few who can offer a verified track record of over 12 months trading.
Why? - Most over leverage trying to build small accounts into large ones too quickly.
Arguably the greatest investor in the world, Warren Buffet had a long standing track record of achieving around 20% return year after year. Yet the hype around FX suggests people can achieve 10%+ per month - sure its possible but its likely your account won't be around for too long to ever truly benefit from compound growth.
LOW leverage is in fact dangerous. WTF I am saying that?
It is simple - to get the same profit you need to invest and thus risk more money.
Lets say you wont to trade 1 lot of eurusd with SL/TP=100 pips.
With leverage of 1:3 you need 100000*1.12/3= $37,000 to cover the margin so you have to have account of $40,000 to trade 1 lot.
You are risking these $40,000 as anything could happen.
With leverage of 1:500 you need 100000*1.12/500= $224 to cover the margin so you have to have account of $1000 to trade 1 lot.
You get the same profit or loss on both accounts. Lets say $100.
For 40k account it is just 0.25%
For 1k account it is 10%.
So it is much better to have 40 accounts of 1k with high leverage and diversified portfolio of broker/pairs/strategies than have one 40k account.
forex_trader_274915
Členem od Sep 16, 2015
15 příspěvků
Jun 02, 2016 at 13:50
(Upravené Jun 02, 2016 at 13:51)
Respectfully...I disagree but that's just my view - yours maybe completely different 😄
Členem od Dec 04, 2010
1447 příspěvků
Jun 02, 2016 at 13:57
thanks for input guys can we try to keep on topic, ie accounts that meet criteria. cheers
Členem od Feb 22, 2011
4573 příspěvků
Jun 02, 2016 at 14:31
aeronthomas posted:
thanks for input guys can we try to keep on topic, ie accounts that meet criteria. cheers
sure
Členem od Feb 22, 2011
4573 příspěvků
Jun 02, 2016 at 14:31
FXClarity posted:
Respectfully...I disagree but that's just my view - yours maybe completely different 😄
Well I would like to discuss it and I opened new topic for that
Členem od Feb 10, 2016
2 příspěvků
Jun 03, 2016 at 08:24
aeronthomas posted:ritza posted:unfortunately neither of these accounts can be viewed as they are set to private.
https://www.myfxbook.com/members/ritza/0-2-hero/1513792
It's only one little tinny account and I am not very knowledgebeable about this account stuff. So I hope now it is public.
forex_trader_273440
Členem od Sep 08, 2015
35 příspěvků
Jun 03, 2016 at 08:27
Členem od Dec 04, 2010
1447 příspěvků
Jun 03, 2016 at 09:00
ritza posted:it's now public now please verify your account history and trading privileges. cheersaeronthomas posted:ritza posted:unfortunately neither of these accounts can be viewed as they are set to private.
https://www.myfxbook.com/members/ritza/0-2-hero/1513792
It's only one little tinny account and I am not very knowledgebeable about this account stuff. So I hope now it is public.
Členem od Dec 04, 2010
1447 příspěvků
Jun 03, 2016 at 09:04
altescgroupinc posted:Good to see account is real and verified. However the history is hidden, and also looking for those with longer track record as per post 1. Have added to watchlist in meantime. cheers
https://www.myfxbook.com/members/altescgroupinc/super-forex-scalping-indicators-/1655028
forex_trader_297065
Členem od Jan 09, 2016
24 příspěvků
Jun 05, 2016 at 06:33
aeronthomas posted:
Another account added to my watchlist. Seems to meet all the criteria. http://www.myfxbook.com/members/djordje/asia-scalper-usdchf/1567454
Risk/reward not good on this system. Stop losses placed 20 to 30 pips from entry, and taking profits of 3 to 5 pips.
Členem od Jul 08, 2014
411 příspěvků
Jun 05, 2016 at 07:03
CheckMate3 posted:aeronthomas posted:
Another account added to my watchlist. Seems to meet all the criteria. http://www.myfxbook.com/members/djordje/asia-scalper-usdchf/1567454
Risk/reward not good on this system. Stop losses placed 20 to 30 pips from entry, and taking profits of 3 to 5 pips.
I would keep watching it, low DD, high hit rate, for the past 5 months it seems to have found it's edge.
Keep at it
forex_trader_318293
Členem od Apr 08, 2016
11 příspěvků
Jun 05, 2016 at 10:23
Členem od Dec 04, 2010
1447 příspěvků
Jun 06, 2016 at 00:37
Magiic posted:I would keep watching it, low DD, high hit rate, for the past 5 months it seems to have found it's edge. agreed it's only hit a full SL once of 30 pips, rest of the losses are less, average win higher than average loss, and very good win rate. With a scalper you will always have the SL higher than the TP.CheckMate3 posted:aeronthomas posted:
Another account added to my watchlist. Seems to meet all the criteria. http://www.myfxbook.com/members/djordje/asia-scalper-usdchf/1567454
Risk/reward not good on this system. Stop losses placed 20 to 30 pips from entry, and taking profits of 3 to 5 pips.
I would keep watching it, low DD, high hit rate, for the past 5 months it seems to have found it's edge.
Členem od Dec 04, 2010
1447 příspěvků
Jun 06, 2016 at 01:29
Trend_Following posted:thanks for showing your account, however the history is all hidden on your cent account.
Here is my account:
https://www.myfxbook.com/members/Trend_Following/mql5-signals/1581831
Členem od Oct 30, 2015
6 příspěvků
Jun 06, 2016 at 06:36
Členem od Dec 04, 2010
1447 příspěvků
Jun 06, 2016 at 06:43
RtsMaster posted:please read the rules in first post. 3 months minimum history.
http://www.signalstart.com/analysis/forexgenesig/7117
