Posts by Michigander

Hey silverthorn, you sweet talking me?? LOL. Subtle as a sledge hammer eh? That's what it takes to get through to some dumb mutts. Life ain't fair. Forex especially ain't fair. Yet so many of these young skulls full of mush want guarantees. If you like me style, give me a voucher, eh? Good skill to you in 2014!

Another one bites the dust...

Before I spend any time considering this, please pull together and document in detail what you are offering and expecting, as well as any and all pertinent details, and email me at privately at [email protected]. I expect names, countries of origins, etc so I can consider your legitimacy.

Pierre, what you are seeing is what happens when one shoots himself in the foot! I have 14 demo and real accounts that I trade. A couple weeks ago I migrated them all onto a dedicated trading computer installed in my server rack at the office. When I moved Toms over, I forgot to manually set the directions to the appropriate shorts and longs only. When I discovered it a couple weeks later, I immediately closed the wrong direction trades. Fortunately, the past couple weeks has been pretty quiet, so I don’t think there’s much harm done. It really is hands off, assuming you configure it correctly out of the gate. I’m not smart enough to know if the Yen is too risky or not. The EURUSD is risky The GBPUSD is risky, then yen is risky, hell, everything is risky when you grid/martingale them. That’s why I’m trading it on a demo. I have been solidly burned so many times that I like proofing on the demo first. If it is too risky I’ll see it here. I hope.

Pierre, I’ve been bitten in the ass twice in 6 months trading Dustin’s settings that they specifically provided to me based on my portfolio size and leverage. Someone I correspond with (thanks Stephen) suggested I trade pairs in different directions that were not really correlated. The problem with Toms EA is that so many of the pairs they trade are correlated, and trading them in the same directions magnifies the gains, but really magnifies the losses. I am pleased with the results so far. There have been no interventions by me. That defeats the purpose of the tests, in my opinion. I don’t have the time to babysit these things. I am trading Toms version 1.92. They have a newer one out that adds a bunch of settings, but I think it is still a rattlesnake if you trade it bi-directionally with all their pairs. I am trading the EURUSD long, EURCAD short, USDCAD long, AUDCAD long, AUDJPY short, CADJPY long. I am running on their risk level 2. Doing a custom analysis on Toms WPFX live account shows their account doing 2.54% per month since 7/15/12 while mine has done 6% per month over the same time frame. If you do a custom analyses and examine by each pair, you will see Toms gains, as always are in two pair only, The EURUSD and GBPUSD. All 6 of my pair have a reasonable profit grouping so I am not so damn dependent on one or two pairs like Toms defaults always seems to be.