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Pipable :: Menkent (By pipable )

Lietotājs ir dzēsis šo sistēmu.

Diskusija

pipable (pipable)
Mar 03 2014 at 21:31
62 ieraksti
enicolasgomez posted:
pipable posted:
rob559 posted:
wow ..i guess that the same greedy people will fall into that trap again as they did for sphantom and fx papa,how patethic to watch

Thanks for your comment.
Lets look at the following facts:

- We have clearly presented the risk and reward to the potential customers.
- We don't charge an upfront fee and only charge based on the amount of trade that user subscribe to.
- We charge on a weekly basis so user may drop out at any given time.
- We have a wonderful and supportive customer service.
- We offer free VPS with any subscription.

So I'd love to know how/why you'd think this is a trap?

April

Well, I can tell you how this is a trap. You are setting no StopLoss on your positions, so your Risk/Reward ratio cannot be calculated. Based on previous similar strategys like sPhantom and FxPapa I would guess that your running a 250 pips stop loss, which for a TP level of 10, customers are dealing with a RRR of 1:25; some time in the near future account will be blown.

You are using the same covering strategy than the other previous EAs; opening a second position in the same direction when initial position is around 30 pips out of the money; that's how sPhantom got blown with a 1100% losses in one day.

You can check that out at:
https://www.myfxbook.com/members/sPhantom/sphantom-auto-trader/585390

Also, it's a HUGE COINCIDENCE that a company is started with almost the same strategy than sPhantom THE EXACT SAME DAY THAT THEIR ACCOUNT LOSSES 1100% IN A DAY; 30-JANUARY-2014

Thanks for opening it up further. Yet it is incorrect for the following reasons:

- We publish weekly backtests with accurate drawdowns which clarifies for the users what stoploss to use.
- The entry lot we recommend to users is one third of our test's entry lot so by default the risk will be one third which at worst case will be 33%.
- Any user who chooses a high entry lot, we contact on a person to person basis and ask them for lowering the lot.
- We clearly publish our forward tests on demo accounts to show the potential drawdowns.

Below are the examples and customers can attests:

Backtests:
https://www.myfxbook.com/strategies/menkent-weekly-jan-11-2014/59642
https://www.myfxbook.com/strategies/menkent-weekly-jan-04-2014/59636
https://www.myfxbook.com/strategies/menkent-weekly-jan-18-2014/59635

Forward test without news feed mechanism intervention:
https://www.myfxbook.com/members/pipable/menkent-weekly-feb-23-mar/845213

Please let me know if you need more clarification.
pipable (pipable)
Mar 03 2014 at 21:34
62 ieraksti
We will soon add a testimonial and rating section to the website so that the paying customers can share their experiences.

You should expect it by the end of the week.

April
kookoo (gwilym)
Mar 03 2014 at 22:46
76 ieraksti
you are risking 100% of your account with each trade - that is clearly stated on your website. that means that if both positions go against your entry you will lose the whole account balance; that is why you are risking only 100$. That is a correct amount of money to risk on this type of win or lose all system, IMO
pipable (pipable)
Mar 03 2014 at 22:55
62 ieraksti
gwilym posted:
you are risking 100% of your account with each trade - that is clearly stated on your website. that means that if both positions go against your entry you will lose the whole account balance; that is why you are risking only 100$. That is a correct amount of money to risk on this type of win or lose all system, IMO

Thanks alot for your comment.

The amount of money we will deposit to accounts will be the same for all the trading systems in future as well.

The amount of risk is 100% only on the presentation test and it is clearly stated. For customers the entry lot and the risk is both one third. Many other vendors run their systems at 100% and they dont even share it with their customers and they just blow up their accounts. We make sure we dont do that in order to keep generating profit for our clients and as week keep having them as our subscribed users.

Also I should mention that pipable's mission is to create a reputable and transparent service. Therefore we are 100% honest and clear about our operations.

@gwilym feel free to lets us know if you know of other ways to present the highest capabilities of our service.

April
corre71
Mar 04 2014 at 08:57
256 ieraksti
pipable posted:
enicolasgomez posted:
pipable posted:
rob559 posted:
wow ..i guess that the same greedy people will fall into that trap again as they did for sphantom and fx papa,how patethic to watch

Thanks for your comment.
Lets look at the following facts:

- We have clearly presented the risk and reward to the potential customers.
- We don't charge an upfront fee and only charge based on the amount of trade that user subscribe to.
- We charge on a weekly basis so user may drop out at any given time.
- We have a wonderful and supportive customer service.
- We offer free VPS with any subscription.

So I'd love to know how/why you'd think this is a trap?

April

Well, I can tell you how this is a trap. You are setting no StopLoss on your positions, so your Risk/Reward ratio cannot be calculated. Based on previous similar strategys like sPhantom and FxPapa I would guess that your running a 250 pips stop loss, which for a TP level of 10, customers are dealing with a RRR of 1:25; some time in the near future account will be blown.

You are using the same covering strategy than the other previous EAs; opening a second position in the same direction when initial position is around 30 pips out of the money; that's how sPhantom got blown with a 1100% losses in one day.

You can check that out at:
https://www.myfxbook.com/members/sPhantom/sphantom-auto-trader/585390

Also, it's a HUGE COINCIDENCE that a company is started with almost the same strategy than sPhantom THE EXACT SAME DAY THAT THEIR ACCOUNT LOSSES 1100% IN A DAY; 30-JANUARY-2014

Thanks for opening it up further. Yet it is incorrect for the following reasons:

- We publish weekly backtests with accurate drawdowns which clarifies for the users what stoploss to use.
- The entry lot we recommend to users is one third of our test's entry lot so by default the risk will be one third which at worst case will be 33%.
- Any user who chooses a high entry lot, we contact on a person to person basis and ask them for lowering the lot.
- We clearly publish our forward tests on demo accounts to show the potential drawdowns.

Below are the examples and customers can attests:

Backtests:
https://www.myfxbook.com/strategies/menkent-weekly-jan-11-2014/59642
https://www.myfxbook.com/strategies/menkent-weekly-jan-04-2014/59636
https://www.myfxbook.com/strategies/menkent-weekly-jan-18-2014/59635

Forward test without news feed mechanism intervention:
https://www.myfxbook.com/members/pipable/menkent-weekly-feb-23-mar/845213

Please let me know if you need more clarification.

@enicolasgomez, u absolutely red in my mind and anticipated what i was saying! Is a very big coincidence that when Sphantom failed start another Ea simila on another website with a similar strategy! Now i understand why Spahntom stopped to reply to customers, because is replying to other customers! But what is most amazing is that a lot of 'traders' shows interest in this new service after only weeks of trading! is like buying a closed box and u don't know what there is inside!
Running only Expert advisors with good long term backtests and nice forward tests
pipable (pipable)
Mar 04 2014 at 15:47
62 ieraksti
corre71 posted:
pipable posted:
enicolasgomez posted:
pipable posted:
rob559 posted:
wow ..i guess that the same greedy people will fall into that trap again as they did for sphantom and fx papa,how patethic to watch

Thanks for your comment.
Lets look at the following facts:

- We have clearly presented the risk and reward to the potential customers.
- We don't charge an upfront fee and only charge based on the amount of trade that user subscribe to.
- We charge on a weekly basis so user may drop out at any given time.
- We have a wonderful and supportive customer service.
- We offer free VPS with any subscription.

So I'd love to know how/why you'd think this is a trap?

April

Well, I can tell you how this is a trap. You are setting no StopLoss on your positions, so your Risk/Reward ratio cannot be calculated. Based on previous similar strategys like sPhantom and FxPapa I would guess that your running a 250 pips stop loss, which for a TP level of 10, customers are dealing with a RRR of 1:25; some time in the near future account will be blown.

You are using the same covering strategy than the other previous EAs; opening a second position in the same direction when initial position is around 30 pips out of the money; that's how sPhantom got blown with a 1100% losses in one day.

You can check that out at:
https://www.myfxbook.com/members/sPhantom/sphantom-auto-trader/585390

Also, it's a HUGE COINCIDENCE that a company is started with almost the same strategy than sPhantom THE EXACT SAME DAY THAT THEIR ACCOUNT LOSSES 1100% IN A DAY; 30-JANUARY-2014

Thanks for opening it up further. Yet it is incorrect for the following reasons:

- We publish weekly backtests with accurate drawdowns which clarifies for the users what stoploss to use.
- The entry lot we recommend to users is one third of our test's entry lot so by default the risk will be one third which at worst case will be 33%.
- Any user who chooses a high entry lot, we contact on a person to person basis and ask them for lowering the lot.
- We clearly publish our forward tests on demo accounts to show the potential drawdowns.

Below are the examples and customers can attests:

Backtests:
https://www.myfxbook.com/strategies/menkent-weekly-jan-11-2014/59642
https://www.myfxbook.com/strategies/menkent-weekly-jan-04-2014/59636
https://www.myfxbook.com/strategies/menkent-weekly-jan-18-2014/59635

Forward test without news feed mechanism intervention:
https://www.myfxbook.com/members/pipable/menkent-weekly-feb-23-mar/845213

Please let me know if you need more clarification.

@enicolasgomez, u absolutely red in my mind and anticipated what i was saying! Is a very big coincidence that when Sphantom failed start another Ea simila on another website with a similar strategy! Now i understand why Spahntom stopped to reply to customers, because is replying to other customers! But what is most amazing is that a lot of 'traders' shows interest in this new service after only weeks of trading! is like buying a closed box and u don't know what there is inside!


@corre71

Thanks alot for your comment.

Pipable doesnot only offer menkent, it will be offering a number of EAs which the next one will come out in about a week called NAVI. Please keep an eye on that as well and I am sure you will like it.

Please let us know your thoughts and we'd love to hear from you.

April
4xman4x
Mar 05 2014 at 07:13
15 ieraksti
no way this the same s phantom
corre71
Mar 05 2014 at 07:32
256 ieraksti
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡
Running only Expert advisors with good long term backtests and nice forward tests
pipable (pipable)
Mar 05 2014 at 08:35
62 ieraksti
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

we are 100% disconnected from sphantom. our team is spread out in San Francisco, Utah and BollingBrook.

The best person who can testify that our teams are 100% not the same using their metadata and ip addresses is myfxbook team.
I would like to invite them to step in and testify this fact.

Should you have any questions, please let me know.

Thanks, April
4xman4x
Mar 05 2014 at 10:59
15 ieraksti
pipable posted:
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

we are 100% disconnected from sphantom. our team is spread out in San Francisco, Utah and BollingBrook.

The best person who can testify that our teams are 100% not the same using their metadata and ip addresses is myfxbook team.
I would like to invite them to step in and testify this fact.

Should you have any questions, please let me know.

Thanks, April
looooooooooooooool different ips ,what a great proof u have . u can open different account with any broker then u get the different ip . you have to face the fact that lots of people now knows about yr trick and it will be hard for u to sell yr crap for them again and again .
pipable (pipable)
Mar 05 2014 at 13:35
62 ieraksti
4xman4x posted:
pipable posted:
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

we are 100% disconnected from sphantom. our team is spread out in San Francisco, Utah and BollingBrook.

The best person who can testify that our teams are 100% not the same using their metadata and ip addresses is myfxbook team.
I would like to invite them to step in and testify this fact.

Should you have any questions, please let me know.

Thanks, April
looooooooooooooool different ips ,what a great proof u have . u can open different account with any broker then u get the different ip . you have to face the fact that lots of people now knows about yr trick and it will be hard for u to sell yr crap for them again and again .

Haha, what i mean by ips is not the broker. clearly you can fake it. I am pointing to myfxbook ip. They can attest where the posts and accounts are coming from and compare to sphantom.

I would love to hear what other proof you would need in order to believe we are different services.

BTW, have you been watching the EA? It did some great work today :)

April
user111
Mar 05 2014 at 19:32
26 ieraksti
pipable posted:
4xman4x posted:
pipable posted:
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

we are 100% disconnected from sphantom. our team is spread out in San Francisco, Utah and BollingBrook.

The best person who can testify that our teams are 100% not the same using their metadata and ip addresses is myfxbook team.
I would like to invite them to step in and testify this fact.

Should you have any questions, please let me know.

Thanks, April
looooooooooooooool different ips ,what a great proof u have . u can open different account with any broker then u get the different ip . you have to face the fact that lots of people now knows about yr trick and it will be hard for u to sell yr crap for them again and again .

Haha, what i mean by ips is not the broker. clearly you can fake it. I am pointing to myfxbook ip. They can attest where the posts and accounts are coming from and compare to sphantom.

I would love to hear what other proof you would need in order to believe we are different services.

BTW, have you been watching the EA? It did some great work today :)

April


Not really sure what you are talking about. myfxbook shows no trades for today
pipable (pipable)
Mar 09 2014 at 22:43
62 ieraksti
Jarora
Mar 10 2014 at 07:24
371 ieraksti
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

Yes, history repeats itself. Hard to say whether regards the same vendor (all you can hide) but the strategy is the same (Killer accounts!).
pipable (pipable)
Mar 10 2014 at 19:11
62 ieraksti
Jarora posted:
corre71 posted:
Yes, absolutely the same of S-Phantom! They was supposed to release us an updated version with at least news filter, time filter and customizable s/l and t/p (and to do this a good programmer needed not more than 1 day), but they of course decided to launch a new website and a new service to earn other money! i hope people will be not so stupid! I hope S-pahantom will need all the money earned to buy medicines!😡

Yes, history repeats itself. Hard to say whether regards the same vendor (all you can hide) but the strategy is the same (Killer accounts!).

Hi Jarora,

thanks for your comment.
I would like to know how this strategy is an account killer?
A killer EA is one which the risk is 100% for users. We have been setting the risk for all users maximum at 50% and users can attest this.

Many users have contacted us and wanted us to set their risk/lot size at a higher level. Here is what we did: regardless of the amount revenue they generate for us, we took time and explained/convinced them why they should play safe.

Here is further fact: we only charge on subscription basis so the more we generate profit for users and the longer we set our runway the more profit we will generate for ourselves. Therefore we do our best to generate the most optimum not necessarily the highest profit for them.

We release weekly backtests with legitimate withdraws which helps our users determine how much risk would be ideal for them to take using this EA.

Now if anyone is looking for an EA that doesn't carry risk, I would love to be introduced to that. Those who have this mentality will be instead introduced to scammers which don't present the risk correctly and result in the account killing scenarios.

I would love to hear furthermore from you and your suggestions. I am sure you can help us create a better/more optimized system.

David
Jarora
Mar 11 2014 at 06:39
371 ieraksti
pipable posted:
Hi Jarora,

thanks for your comment.
I would like to know how this strategy is an account killer?
A killer EA is one which the risk is 100% for users. We have been setting the risk for all users maximum at 50% and users can attest this.

50% is not low risk or 50 pips is OK! Therefore is this grid highly risky!
pipable (pipable)
Mar 11 2014 at 07:55
62 ieraksti
Jarora posted:
pipable posted:
Hi Jarora,

thanks for your comment.
I would like to know how this strategy is an account killer?
A killer EA is one which the risk is 100% for users. We have been setting the risk for all users maximum at 50% and users can attest this.

50% is not low risk or 50 pips is OK! Therefore is this grid highly risky!

Hi Jarora, I think you have a great point.

1: So lets look at the facts. What is the monthly profit target. if someone is expecting 30% a month, what do you think would be a reasonable risk? Can you show us a system that offers less?

2: Which one is better? An EA that has a SL of 2% an it is hit 5 times a day of an EA that has 50% SL and is only hit once in 6 months?

3: Our backtests clearly shows that most weeks our drawdown doesn't even hit 10%. I think that is a wonderful indication for what to expect.

Now I think you bring up wonderful points and I would like to ask you to bring up more points and we can further continue the conversation :)

April
FXWorkz (Silverthorn)
Mar 11 2014 at 11:17
268 ieraksti
pipable posted:
Menkent Weekly MAR 2 2014 MAR 9 2014 Lowrisk released:
https://www.myfxbook.com/strategies/menkent-weekly-mar-2-2014/60786

Low Risk!!!! 17% draw down and Crashed on day 5?

Sorry but how is that low risk and is that a good point for conversation?
You can't spend open trades.
corre71
Mar 11 2014 at 11:30
256 ieraksti
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!
Running only Expert advisors with good long term backtests and nice forward tests
Jarora
Mar 11 2014 at 11:50
371 ieraksti
corre71 posted:
The thing that make me wonder (apart the fact the vendor is the same of S-Pahantom or not) is how is possible that people decide to subscribe to a strategy which has an hystory of 6 weeks and only 26 trades? this is a suicide! wait for at least 6 months (better 1 year) and 200 trades! also ask urself who is the vendor? what he developed in the past? (he cannot come from nowhere and pretend to be reliable)! anyway anyone is responsible for his money!

Correctly. I would wait at least 1 year.
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