Frero Discussion

wassel2017 posted:
Dear All
Many thanks for your contribution.
The system doesn't go to zero as stop loss is when DD reaches 50% - so in worst case scenario only 50% of the account is lost. Let me recall that the system started with 77k, thereafter 2.3M were withdrawn and the current balance is 840k or so... So worth it give a try? I don't rely on followers' money and I don't want to mislead you, but let me assure that I know many smart followers who made good money with Frero system and are extremely happy (if you follow the system with 50% of the lot size opening, you don't risk more than 25% of the account). For those who find the subscription fees are too high, there is another way to follow the system.
 

hi,are you sure you will close all positons when dd reache 50%?i will change my risk, now my risk is adapt you all postion when dd% reache 100%

wassel2017 posted:
For those who find the subscription fees are too high, there is another way to follow the system.

One way to follow the system is SignalStart.

What are other ways to follow?

Frero can also be copied on mql5, but the subscription is now the same as on Signal Start: $500/month.

I think Wassel is referring to his MAM. He has not said here if he requires a minimum deposit to join his MAM, which I believe is available both on Tickmill and FX Choice.

I see that Wassel has posted updated information about the Frero signal, including details about both MAM accounts, on mql5. Not sure why he did not also post it here, where those of us who are subscribed get notified about new posts. In any case, it is at:

https://www.mql5.com/en/signals/560178#!tab=tab_description

I believe if the subscription wasn't so expensive, more ppl would copy. I see a lot of shitty signals being followed by 500-600 ppl at the cost of no more than $60. This translates to $35k+/mo which is considerable. In the case of Frero, a few dozen paying $500/mo when you have an $800k account I have to agree that it doesn't sound much.

there was a chance to escape but opened more long position😭

wassel2017 posted:
Dear All
Many thanks for your contribution.
The system doesn't go to zero as stop loss is when DD reaches 50% - so in worst case scenario only 50% of the account is lost. Let me recall that the system started with 77k, thereafter 2.3M were withdrawn and the current balance is 840k or so... So worth it give a try? I don't rely on followers' money and I don't want to mislead you, but let me assure that I know many smart followers who made good money with Frero system and are extremely happy (if you follow the system with 50% of the lot size opening, you don't risk more than 25% of the account). For those who find the subscription fees are too high, there is another way to follow the system.
 

It seems that he did not keep his promise. It breached 55% yesterday.

Nasrul_Swing posted:
It seems that he did not keep his promise. It breached 55% yesterday.

This is not the actual issue here :-)

Everyone who follows the signal could close his positions at any time.

noefekts posted:

This is not the actual issue here :-)

Everyone who follows the signal could close his positions at any time.

You... dont understand the real issue here.

If you as a follower have to manage and close trades, you miss the entire point.

JForex78 posted:
You... dont understand the real issue here.
If you as a follower have to manage and close trades, you miss the entire point.

'As a follower' is not anymore valid if you close all of your trades - you just quit following that signal and forget about it. My account is my responsibility. I don't blame the signal. The signal provider takes responsibility for his account only and do whatever he wants to maintain it. He could close all trades at any time but also he could deposit x1 of his balance more and then he will have the ability to play differently.

'But he said maximum trades will be 30 and they are 50' - so what, he decided to increase them for good eventually.
'But he said no more than 50% DD' - so what - you could end it up with it.

20-30% monthly gains comes with big risk involved. It is important to control our risk ratio at levels which are comfy.

This is my personal point of view I don't want to argue.

Check this out:
https://www.myfxbook.com/community/outlook

At the moment 91% of all myfxbook accounts trading with EUR USD are long with average loss of 123 pips. These are 54% of all myfxbook accounts.

noefekts posted:

...

Of course, trader can do anything he wants. Thats obviously true.

I was responding to your saying that followers can close out positions.

They can. But thats not the point of passive investing.

Just saying. You are ok.

I write 2 month ago and i say: is better to sell EUR in this time, but he think know better. Now EU become ex-EU. EURO will dissapear with EU. EU have a lot of problem, if you dont live here you dont know...

If he sell when i say, now we dont have +55%, not -55%....but for some people is better to lose money. we lose almost 30% only for swap....

I am concerned about the negative carry trade. It appears to me that it would have been better to sell when there was a small net profit for all the trades or even at points with a smaller net loss. Then, in the meantime, it would have been possible to use the freed-up capital to trade on new conditions, either buying or selling. I think we would be in a better place now. The amount owed in swap fees increases every day, making it harder to get to a place where Wassel can get us out of these trades without some net loss. I can accept a net loss on all the open trades now, since I believe that will allow Wassel to open more new trades which can be profitable.

Wassel's team is doing a perfect job over 2 years. Now he has 1x times wrong and already is scolded that the bars bend. I've tried a lot and I do not know anybody who does it better. the Forex market is never the same, big banks are wrong, do not forget people.

I just lost 95% of the account I had following Maximus. That trader had 59 consecutive winning trades—no losses at all (at least with what is displayed on Signal Start) until the 60th trade, which was less than 5% loss. After a small win, the trader sold EUR/USD and let the trade go on until closing it with a 95% loss.

I agree with tk51 above. I also appreciate that while many of us wish we heard from Wassel more often here, at least we do have the capability to communicate with him. In contrast, there is no way at all to communicate with the Maximus trader, like most on Signal Start.

I still trust the provider, but I wouldn't define it as perfect...lots of technical and fundamental mistakes actually and these are becoming more common...almost like they've been using another set of indicators and strategy since august. Swaps are killing this strategy now as the volatility of EU has reduced quite considerably and many times we have to wait forever for a change of direction. I'm manually closing some of the trades and reduced the multiplier to 60%. I just hope this is enough to pay for the expensive signal and also get profit because I can't bear 50% drawdown.

aranciata posted:
I just lost 95% of the account I had following Maximus. That trader had 59 consecutive winning trades—no losses at all (at least with what is displayed on Signal Start) until the 60th trade, which was less than 5% loss. After a small win, the trader sold EUR/USD and let the trade go on until closing it with a 95% loss.

I've tried forex signal copying since June. In these 5 months, Ive come to the conclusion - that followers cannot win in this business.

It seems to me that these signals are made with the intention of running just a few months, collecting the fee - and then crash - on purpose - to wipe off all gains that followers made.

Before you say, trader will also lose his own money - that may not be correct. Trader may have opened a second account elsewhere to hedge the positions that he loses here.

Also, the math tells a good story - assume a signal makes 10% a month. This signal needs to perform 10 months in a row - just to recover the capital follower has invested.

Similarly, if a signal makes 20% a month, it will need it to perform 5 months in a row just to safeguard your own investment.

What actually happens is, that a signal performs a few months, and then crashes down to 0 - wiping off everything it made for the follower.


So it seems to me that these signals are made with the intention of running just a few months, collecting the fee - and then crash - on purpose - to wipe off all gains that followers made.

JForex78 posted:
assume a signal makes 10% a month. This signal needs to perform 10 months in a row - just to recover the capital follower has invested.

And how many signals run 10 months in a row? Not even 5%.

So basically, followers may lose their own investments just a few months after subscribing.

So my conclusion, that followers cannot win in this business in the end. They probably lose most of their capital in a few months.