SFETrading's Posts - Page 2

Smart Forex Expert MAM (Low Risk) (stopped) in Trading Systems Oct 08, 2020 at 06:51

As I already said, the number of lots traded displayed on Myfxbook is not an accurate measure, because they treat 1000 shares on Stock CFDs as 1000 lots. You will need to filter out only the Forex pairs to see the exact lots traded on Forex pairs.For example, in the screenshot below, the BA.NYS trade was closed at break-even at 0 pip, and the commission was only -$4.74 for a 65 "lot" trade - which is clearly not the same as 65 lots in a Forex trade.The amount of commission we receive is only about $0.50/$5.50 = 1/11 of the total commission displayed on the accounts. So take the High ...

Smart Forex Expert MAM (Low Risk) (stopped) in Trading Systems Oct 07, 2020 at 13:16

Please get your facts right.Commissions are charged by the broker, not by us.If people sign up under our IB they can get discounted commission of $5.50 per round lot traded, IC Markets keeps $5 of that and we only get $0.50 for every lot traded on the accounts under our IB.But while we recommended people to use IC Markets, it is not compulsory for them to join under our IB - so we won't even get any share of the commission if they choose to join under other IBs.Also the amount of lots displayed on Myfxbook is not accurate, because it also counts the lots traded on Stock CFDs.So if you go b...

Smart Forex Expert MAM (Low Risk) (stopped) in Trading Systems Oct 07, 2020 at 09:32

Any system can have a winning streak in the short term, but we shall see who will last the distance.

IC Markets Follower 2 High Risk in Trading Systems Oct 06, 2020 at 14:39

Yes there is some truth in that statement. Our price action based systems aim to capitalise on strong breakouts through significant support / resistance levels, and they can make massive gains when the conditions are right.The current choppy market where a strong move nearly always retraces straight after the initial move, has been unfavourable to these systems - but their time will come eventually.

IC Markets Follower 2 High Risk in Trading Systems Oct 06, 2020 at 10:43

Depends on which system your are talking about...there are 10 different strategies that are being run on the accounts.Price actions base systems (SFE Price Action, SFE Attractor, SFE KISS and SFE Breakout) enter trades at strong resistance / support levels either looking for continuation of a strong move or a major reversal. Unfortunately in the last few months a lot of the movements fade after the initial move and don't continue in the original direction, or they pullback too far (and hence hit our SL) before they continuing in the original direction.The "Scalper" systems (SFE N...

IC Markets Follower 2 High Risk in Trading Systems Oct 06, 2020 at 07:49

Yes I agree the performance has not been good lately.But our system is only 6 months old, so it's still too early to say it will not meet the target of 100%-200% gain in year. I still believe it is possible to achieve 100% growth in the next 6 months if the market becomes favourable again, especially with the US election coming up which should offer plenty of volatility and price movements.Also, the current DD is still within expectation (which can reach up to 50-60% for the high risk account as I had mentioned before).So I don't think it is fair to say that we are falsely advertising....

IC Markets Follower 2 High Risk in Trading Systems Oct 04, 2020 at 08:44

I am not blaming anyone.You asked why my old personal account is no longer verified and I told you the truth.It is a fact that the market has not been favourable to momentum / price action based systems lately, and I admit that.The point is that to survive in the Forex market in the long term, you need to have the patience to stick to a long term profitable strategy. My accounts may be losing now, but given enough time they will recover the losses, whereas most systems that look promising now (especially the martingale/grid systems) will crash and burn when the time comes. Time will prove my p...

IC Markets Follower 2 High Risk in Trading Systems Oct 03, 2020 at 23:06

My 94% DD account was fully verified, but for some reason it became unverified and I don't know why. It is a Myfxbook issue. I can verify the account again if I could connect it again, but I no longer use that account and the account has been archived by IC Markets, so I no longer have access to it. I was giving updates publicly on other forums when I was running that account, and people who have been watching my accounts since a few years ago will know that I didn't make up the numbers. If I could upload a fake/modified statement then why wouldn't I just make the DD look better th...

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 21:36

1 & 2 - I am sorry, but you clearly don't have a long term view about trading, so it's useless trying to continue explaining how the system works to you.3 - I have explained several times before, the 88% and 94% DD on my old personal accounts were due to running the accounts on high risk and withdrawing profits regularly and leaving only enough funds to cover the trading margin. Such large DD is no longer possible with how the current accounts are traded, because the lot sizes will now go down as the accounts reduce in size . By the way, the total profit on my personal accounts ov...

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 14:59

How about you put some real money into your accounts first? 😂

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 14:57

Your accounts are likely to be grid/martingale systems that only close winning trades and hold on to losses. Most of these type of accounts will eventually blow up when the market has a strong one-way move without retracement.We will see if your accounts or mine will survive longer 😉

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 12:24

What do you mean I am saying something different in every post?These are my points:1. The system is a long term system and you need to have patience trading it.2. A short term loss does not mean the system has lost its edge and recovery will eventually come if you just stick to it.3. The expected max DD for the high risk account can be up to 50-60%, so the system is still performing as expected.4. The system is capable of making massive gains in short period so it will recover the losses very quickly when the market conditions are right.5. We are 100% confident in the system and that’s w...

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 11:39

Your accounts are all demo and already over 50% DD on one of the accounts in less than 2 months of trading. To be honest I really doubt if they can even last 12 months without blowing up...😳

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 10:18

The edge of the system is still there. There is no need to change the strategy just because there is a losing month. What we focus on is the long term result and the growth will eventually go back up again. Come back and check the accounts again in 12 months. 😉

IC Markets Follower 2 High Risk in Trading Systems Sep 30, 2020 at 07:15

The market has not been favourable for SFE Price Action in the past 2-3 years, but that does not meant the system no longer has an edge. The main focus is to keep the losses small during unfavourable times, and maximise the gains when the market eventually becomes favourable again.If you always optimise the EA only to how the market has been for the past few months, then once the market changes behaviour you will lose the edge and blow the account. The core of the system is based on price actions that have a long term edge over the market, which is demonstrated over many years of trading.The w...

IC Markets Follower 2 High Risk in Trading Systems Sep 29, 2020 at 13:59

Well at least it's just -5% gain and not -99% gain...which is where most of the other forex strategies will end up in 3 years.As I said before, eventually the market will become favourable for our system again, and the performance will pick up very quickly when that happens.If you don't have the patience to stick the system then just don't use it. As simple as that. 😎In another 3-5 years you will see that our system is still around, when most of the other systems are already blown. 😉

Smart Forex Expert MAM (Low Risk) (stopped) in Trading Systems Sep 29, 2020 at 08:40

His account runs SFE Price Action which has been in stagnation since 2017-2018, but the offical accoutant still has over 400% gain since inception: https://www.myfxbook.com/en/members/atractor/sfe-price-action-21-normal/1331484It is true that the market has been unfavourable for momentum based EAs for the last 2-3 years, but their time will come. We just need to be patient and wait for the market to become favourable again.As I said, we focus on long term growth and the results may take a few years to become apparent. If people are not ready to invest for the long term then they should not use...

Smart Forex Expert MAM (Low Risk) (stopped) in Trading Systems Sep 28, 2020 at 07:49

Well if you can’t tolerate having no profit for 6 months then you certainly don’t have a long term view about trading, so our system is clearly not for you. You can come back in another 6 months and see where the account is sitting at. 😄

IC Markets Follower 2 High Risk in Trading Systems Sep 28, 2020 at 07:37

Yes you can expect 100%-200% annual gain if you run the account at high risk. The screenshot you posted is for an account that is only running at default risk, which is only trading at around 0.3x risk of a high risk account.Our system is capable of making massive gains in just a few good sessions - sometime even over 20% gain in one day running at low risk. So all the losses can be recovered very quickly when the conditions are right. All you need is just patience and a long term view, both of which you don’t seem to have. 😉

Smart Forex Expert Signal (High Risk) in Trading Systems Sep 25, 2020 at 12:19

The total loss for follower accounts this month is about USD$15000 (-€4879.84, -US$650.85 and -A$13024.79)But then again, the follower accounts are still positive overall since inception, so I don't really get why you guys are making such a big deal out of a DD that is well within the expectation of the system? 😂https://www.myfxbook.com/files/SFETrading/follower.JPG

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