Outside the Box [part 1 of 2] Omówić

OutsideTheBoxHK posted:
There are quite a few accounts that have amazing history but they have terrible reviews because not many subscribers can replicate the same returns as the master account in the present or in the past.
I have heard though from my clients and subscribers that my system is copying well and returns are very near to the master account listed here.

To those relatively new to FX trading, here are the reasons to be careful of this:

1 --- some providers can fabricate results with a scam/unregulated broker
2 --- small average pips profit per trade -- system cannot be mirrored due to slippage
3 --- some use cent accounts and get lucky for a while.
4 --- They could run 10 cent accounts with 'opposite' trades, different permutations of say 3 different currency pairs, and then just use the 1 most profitable account after 10 or 20 trades in order to attract subscribers or clients.
That way, they have only lost a small amount of money on the other cent accounts that didn't close profitable trades. they just close those down. then their one 'good looking' cent account tops the ranking on MQL5, SignalStart, etc and they attract 20 plus subscribers.... then they downshift into 'slow' mode to keep the subscribers as long as they can.... or they blow up enough to show their client base that they are scammers / not competent at trading.

Let's talk on inbox You have very nice results, please let me know of a faster way to contact you

Teddy1996 posted:

OutsideTheBoxHK posted:
There are quite a few accounts that have amazing history but they have terrible reviews because not many subscribers can replicate the same returns as the master account in the present or in the past.
I have heard though from my clients and subscribers that my system is copying well and returns are very near to the master account listed here.

To those relatively new to FX trading, here are the reasons to be careful of this:

1 --- some providers can fabricate results with a scam/unregulated broker
2 --- small average pips profit per trade -- system cannot be mirrored due to slippage
3 --- some use cent accounts and get lucky for a while.
4 --- They could run 10 cent accounts with 'opposite' trades, different permutations of say 3 different currency pairs, and then just use the 1 most profitable account after 10 or 20 trades in order to attract subscribers or clients.
That way, they have only lost a small amount of money on the other cent accounts that didn't close profitable trades. they just close those down. then their one 'good looking' cent account tops the ranking on MQL5, SignalStart, etc and they attract 20 plus subscribers.... then they downshift into 'slow' mode to keep the subscribers as long as they can.... or they blow up enough to show their client base that they are scammers / not competent at trading.

Let's talk on inbox You have very nice results, please let me know of a faster way to contact you

Ok will private message you now.

New HIGHER LOW in place in equity curve. This system can recover losses quite quickly if you look at the previous 7 drawdown periods. Monthly returns VS max drawdown is what you must look at, in addition to my discussion below, which talks about how Andrew Lockwood educates Retail Investors / Signal Copiers to manage their trade copying investments.



I thought this video by Andrew Lockwood of ForexSignals is worth emphasizing, because he mentions some very important DO's and DONT's with making money with Forex Signal / Trade Copying. The biggest reminder and key issue is that Copiers must keep engaged, participate in the management of risk along the way (especially during drawdowns), and they must understand that there are down times for every strategy and also every trader.
He reiterates this on the video, and I sure wish retail investors kept up their end of the bargain, stopped blatantly blaming a trader, and accepted their part of the responsibility.
Trust in Signal Services comes from ...... shouldering this responsibility.... analysis and getting to know a trading system / trader. What's behind the scenes with a strategy, so when the bad times come, you can ride out the drawdown period and recover losses without giving up too soon. I think SC performance was good, but the strategy is clearly damaged now and not performing. FXStat and FXBlue do a great job of breaking down and analyzing a system's performance in many different perspectives:
https://www.fxstat.com/en/performances/view/Outside-the-Box---Master-Account-84720
https://www.fxblue.com/users/outsidetheboxhk

How much of equity / profits need to disappear before investors / providers stop trading or investing in a certain system?
How does it perform in volatile periods?
What is the maximum acceptable drawdown?
What would you expect the maximum number of consecutive gainers / losers to be given the past performance?
What is the point when most losing trades have not recovered from a drawdown? Maximum Adverse Excursion (MAE/MFE)

Just emotionally, flippantly throwing out a signal service after 5 losing trades or a 2 month losing streak might be the worst thing to do.
And I actually find this happens more often than not. People getting jumpy after a 10 or 15% drawdown, and then at least with systems that can produce more significant gains in good times, the recovery will be lost if you divest.
This, of course, goes both ways, so sometimes it's important to divest at the right time when you think a strategy is starting to fail terminally.

See current recovery

Hi,
how can we see your open trades?

joeypro posted:
Hi,
how can we see your open trades?

This is not possible. I no longer share my investors password either. The reasons should be obvious but if not here they are:

1 - others can and do try to copy my strategy without compensating me for my talent and hard work
2 - when you have a good strategy, there really is no need to open it up for the public to see, because there is no advantage to myself. I will continue making profits, preserving capital, acquiring more capital, and improving my strategies which now include low, medium, and high risk strategies that have been profitable.

I am not intending to be unpleasant, this is just the nature of the industry. Protect what you have created when it works.

joeypro posted:
Hi,
how can we see your open trades?

Thirdly, whatever people need to see for their day-to-day decisions should be accessible in what is already shown: statistics, history, equity curve, my descriptions of my strategy, and my contributions to dialogue in various forums here and elsewhere in the forex world.

On the journey to becoming a professional asset manager and strategy provider.
Both longer accounts and new hot accounts/strategies to show you.

OTB Low Risk master account -- #41 at SignalStart -- 18 months track record -- consistent new equity highs
https://www.signalstart.com/analysis/outside-box-hk/22160
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-master-account/2087437

NEW OTB High Risk account attracting more attention now -- #4 at SignalStart -- 4 months track record -- trading like the old days when I was excited about having developed my own strategy that has a real proven edge in the markets.
https://www.signalstart.com/analysis/outside-box-high-return/33972
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-hfcopy-provider/2450316

NEW DARWIN (Dynamic Asset and Risk Weighted Investment)
https://www.myfxbook.com/members/OutsideTheBoxHK/outside-box-darwinex-fund/2571506
https://www.darwinex.com/darwin/BUX.4.4
A Darwin is a financial asset based on a trader (or automated strategy) trading at Darwinex. As an investor you can buy and sell DARWINs just like you would trade stocks. Each DARWIN has a certain value when you buy it, and depending on the performance of the trader who provides the DARWIN, the value will go up or down. Behind the scenes, each time the DARWIN’s trader places a trade, Darwinex opens or closes a trade in that asset on behalf of investors, given what they have calculated to be optimal risk to minimise Drawdown and maximise Profit. Each DARWIN starts from 100 at inception and the price updates every 30 seconds based on the performance.

Darwinex is under FCA authority in UK, so starting with 1st of August MT4 leverage will be 1:30. This means good by darwinex.
Sorry, just read little bit info about them and would have been interesting if not for ESMA restrictions.

ovisun posted:
Darwinex is under FCA authority in UK, so starting with 1st of August MT4 leverage will be 1:30. This means good by darwinex.
Sorry, just read little bit info about them and would have been interesting if not for ESMA restrictions.

Hey Ovi
I guess that would be true if you hold many open trades like you do, and I guess you don't trade manually since I think you have been using EA FX Hunter and therefore you don't control the number of open trades. I normally only use 0.5 lots per $10,000 of open exposure at once. I am checking on this and calculating it all to see how I will adjust my open trades - just a matter of changing the Risk Multiplier on my trade copier from my master account. No big deal. In addition, something you didn't mention, is that their Dynamic Asset and Risk Weighted Investment software - immediately adjusts a traders new trades to match their VaR target per month which they explain in some cool YouTube videos. It really is amazing, and it means that they help with unexpected volatility and smooth out some of the more quick movements up and down. It's a nice feature I think.

Darwinex got back to me regarding this apparent lack of leverage for their traders.
they overcome this by their Asset Manager Firm, which is a professional investor classification, and they .....

'Darwinex will accomplish targeted 10% VaR via our Asset Manager Firm- investor´s capital will be replicating strategy under this 10% VaR - Our Asset Manager is the one adjusting VaR and adding or reducing leverage to investor´s capital following the traders. There is no limitations for our Asset Manager Firm.'

so regardless of what the trader / underlying strategy accomplishes in the month, their AMF will lever up or lever down to accomplish their 10% VaR per month. Which is approximately what I also target. Right now I'm at about 17% VaR with 1 lot per $10,000 open exposure

Hi,
 would be nice if you release your signal to Myfxbook autotrade .

Thanks

joeypro posted:
Hi,
 would be nice if you release your signal to Myfxbook autotrade .

Thanks

Autotrade support have time and time again stated that my strategy does not meet their requirements. Max DD was too large on one lone occasion. Sad but it is their rules. I will keep trying as my track record matures. Thanks for your interest.

Here I am. How's business? Have you made any progress?

LTD_Invest posted:
Hello my friend. How are you? Do you remember my investment? When will you compensate me for my past losses? 😡

Do not invest what you can not afford to risk and lose!! 😄

OTB, I agree. We are actually all on the same side, trying to achieve the same thing. You're doing well, enjoy it!

*** This long track record low risk signal is being phased out at end of current subscription cycles (December 2018) **
*** New subscribers please see other low risk signals offered on SignalStart, MQL5, and SimpleTrader.

https://www.signalstart.com/analysis/outside-box/27899
Track Record will be migrated to Darwinex, PsyQuation / AxiSelect, and other platforms that facilitate migration of historical track records for verified MT4 trading.