pipable posted: 3: I have asked you several times to show us a service that meets all your expectations and to this point...nothing. Do you have anything to show or are you just in business are wasting people's time?! ;-) David
You EA is only Signal Copy. I use my private EA which is not for sale. Good Signal Copy can people found at:
ForexAssistant posted: '3: I have asked you several times to show us a service that meets all your expectations' ???
May I ask what those expectations were that you referred to?
Sure, Jarora is looking for a system that can offer a backtest from 2008 to 2014 without any SL hit and high profit generation, and also looks for weekly backtests that are without any SL hit, something magical yet not faked...
i like the look of the service, I see its 25 for a week (intro) what does it cost normally? I like to run systems on cent accounts first until i am happy with them. Does the subscription allow for this?
'Jarora is looking for a system that can offer a backtest from 2008 to 2014 without any SL hit and high profit generation, and also looks for weekly backtests that are without any SL hit, something magical yet not faked... '
Pipable; that's not all that hard. There are a lot of technical traders that have not developed very far beyond their own system, that think the stop-loss is the only safety technique, but I have seen other good systems that use no stop-loss and are profitable. As an example you can hedge a trade instead of closing it. Only technical traders rely heavily on stop-losses. If you don't use them then no back-test can hit them. And of course, the results would not be faked.
If you like, PM me and I'll send you a link to a program that will satisfy your limits.
Depends on your leverage I would assume. Going by past performance and without doing the math and just taking a punt at 1:50 you could probably get by on $100.00 at 1:100 $500 at 1:888 yo are on a death wish 😇 but at 1:888 I always think you're on a death wish so pay no attention to me.
pipable posted: Sure, Jarora is looking for a system that can offer a backtest from 2008 to 2014 without any SL hit and high profit generation, and also looks for weekly backtests that are without any SL hit, something magical yet not faked...
LOL. Certainly not looking for a system when I have my private. On finally, I agree with myfxbook111
myfxbook111 Mar 12 at 22:18 So, Sphantom went out of business today and we have the new sphanom here under the menkent name. lets look at the two strategies: -10 TP -secret strategy of entry -run as trade copier -two trades as a maximum -the second trade is in the distance of approximately 25-50 pips from the initial entry. -myfxbook account funded with an initial deposit of 100USD -the MoneyManagement is managed throught 'risk setting' which is the amount of account balance risked -forward live test run at the risk of '30', although the recommended risk setting is '10' -with risk setting of '10' you risk 50% of your equity. -Sphantom was fair enough showing the SL of 200pips. Menkent does not show the stop-loss, but based on the information from the seller with the '10' risk setting the 'recommended' risked equity will be approximately 50%.
The above is how the Sphantom was set-up and how the FXPapa was set-up. And - surprisingly - the above fits the setting of Menkent as well. Coincidence? For me it is the same system. Just sold under new name. if you could show me the difference - please do! Sphantom seller cheated on his customers and closed the business without any notice after cashing the 299 dollars per a license. These guys could do the same in the future. They are just recycling the strategy again and again. Or...Menkent has stolen the strategy from Sphantom and in such a case they should be sued for it. I am sorry, but I dont believe that non-relative people can create absolutely the same system (when considering fxpapa and cyberforex) 4 times in a row.
On a side note - Menkent people say that the SL is hit approximately once in 6 months based on their backtesting. With the recommended risk setting of '10' you will have an monthly return approximately 10%/month. After six month you will have approximately 180% of your initial investment and your SL will be hit and 50% of your equity is gone. So you will have the initial equity. More or less. Only difference ... the Menkent guys will enjoy your money. It's sounds like a scam to me.
We are excited today to announce that we are working on a question section for #pipable which you get post your Forex questions and get the answers very fast and reliably by the community. The section is passing its beta phase right now and we are expecting to release it sometime this week.
Menkent did return wonderful results once and again this week and we are constantly improving it to not hit a SL as long as possible. Lets keep fingers crossed :)
Furthermore we added trial version for subscriptions which allows users to try #menkent for $29.99 a week regardless of balance of their account.
Please keep us updated with your suggestions and we would love to hear them in order to improve our products.
I have subscribed to the service (.05) per trade to check the performance.. I will send through updates as they happen
I am not affiliated with these guys in anyway
Subscription was rather smooth, no problems here. I had an email from there team inside an hour recommending a $500 balance for .05 lot. This is far less than their account is running, so we must not expect the same monthly return.
Now I am also subscribed to SPhantom and was interested in the similarities, very similar strategy, however both systems have an open trade in opposite directions as i type this.
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