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How To: Truth about Managed Account
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ForexAssistant

Biedrs kopš Jun 28, 2011  465 ieraksti Bob LLewellyn (ForexAssistant) Apr 02 2014 at 07:38
My friend, I am with you. There is actually a chance that FIFO was created because of me. In April 2008 I started testing a new system. That year was something else, the price was moving constantly. The robot did very well, no losses, but that was expected because the system was a modified grid. What wasn't expected was 300% profit that year. (The average now is only 12%)

Within 6 months of this system being first tested, the announcement came about FIFO, by Aug 2009, it was finished. The grid was used when the price stayed between the historical high and historical lows for the pair. If the price should go out side the historical limits, we put on a hedge. Oh what a coincidence, the other restriction that came about at the same time FIFO did was no more hedging.

This FIFO has never been used in any market anywhere in the world. And it only applies to the Forex market, the way that it is done here.

I suggested a number of times that Americans should invest in an off shore IBC to trade from as the higher percentages that you can get off shore pays for the IBC. I did have an off shore IBC but it is now my intention to leave the US and take up citizenship elsewhere.

'I love my country, but I fear its government.'

Bob

where research touches lives.
B1FXprof

Biedrs kopš Mar 20, 2014  71 ieraksti B1FXprof Apr 02 2014 at 10:51
That's all good Bob but I'm showing 400+% on a year which wasn't exceptionally turbulent like 2008 was. I predict nothing in my system and neither rely on signals.

forexalertsystem

Biedrs kopš Apr 21, 2013  101 ieraksti forex alert system (forexalertsystem) Apr 02 2014 at 10:53
We ran into similar issues with FIFO Killing some of our best systems 'over night'. it took awhile to get around it with something that could still produce steady returns. but it was the same for us as well. we were making a killing. then FIFO struck. we have never used grid systems. but nonetheless it had a major negative impact on a lot of profitable american forex traders.

But because of the new rules, it forced us to really innovate a lot of really neat concepts and trading rules.

ForexAssistant

Biedrs kopš Jun 28, 2011  465 ieraksti Bob LLewellyn (ForexAssistant) Apr 02 2014 at 17:24
'new rules, it forced us to really innovate a lot of really neat concepts ',

ah, the silver lining. I'm afraid it didn't quite make it to me. All that happened to me was hatred for the morons that are currently destroying our country and make me feel the need to get out.

I am glad for folks like you that can still see some good in all the evil that has taken over the US. I wish I could be like you. Unfortunately, all I see ahead is pain.

Bob

where research touches lives.
ahuruglica

Biedrs kopš Jun 28, 2013  852 ieraksti ArdiFX (ahuruglica) Apr 02 2014 at 18:30
ForexAssistant posted:
Question, when looking at robots, we can get a pretty good idea of how good the robot is by how long the trial period is. Is there anything like that which would indicate whose good and who isn't for managed accounts?

As for me, If I were considering managed accounts, honestly I would ask Ardit, that is area of expertise, and by the looks of it he's getting pretty good at it too.

Bob


Well, not really. I don't offer managed accounts, not looking for investor (don't need it).

I only write the truth (my honesty) and most of the times truth hurts someone.

Regards.

ahuruglica

Biedrs kopš Jun 28, 2013  852 ieraksti ArdiFX (ahuruglica) Apr 02 2014 at 18:39
B1FXprof posted:
There are things Ardor can't do too. I'll dig out one of my US accounts to show you later.


I wish I did not have confidential agreement with my employer, and had a bigger ego to do so.

It's true I can do everything. Not even trying to. But be assured what I'm doing for last five years, is everyones dream.

Regards.

forexalertsystem

Biedrs kopš Apr 21, 2013  101 ieraksti forex alert system (forexalertsystem) Apr 02 2014 at 18:40
that pain is what gives us the advantage, to push a little harder then the next person, its like a bell curve,


A good example is: trying to out run a 1,000 POUND killer bear in the woods, its you and 3 friends. you don't have to be the fastest person just don't be the last person. trading is the same way. you don't have to be the best. just be better then most...

wlk1

Biedrs kopš Oct 03, 2012  69 ieraksti wlk1 Apr 03 2014 at 03:05
Wow. SEC changing regulations because of a few guys on a free-to-use analytics site.

The market will go up, failing which, it will go down.
B1FXprof

Biedrs kopš Mar 20, 2014  71 ieraksti B1FXprof Apr 03 2014 at 06:16
@ahuruglica

;) firstly apologies for spelling your name wrong. ..unchecked auto - text. Second it was just me alluding to the fact that what I do can be done with US accounts. No hard feelings man, friendly banter is all. X

B1FXprof

Biedrs kopš Mar 20, 2014  71 ieraksti B1FXprof Apr 03 2014 at 06:31

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