FxMasterGuru's Posts - Page 43

ALPARI is gone - forever... in General May 31, 2015 at 01:37

Also big shame on Capital Trust Markets. The owner of CTM, Reza Mokhtarian has recently left the brokerage taking ALL CLIENTS' FUNDS...While clients were begging to get even their deposits back (of course with no success), Reza Mokhtarian was showing off on YouTube and Instagram in his Lamborghini... Paid for by his clients hard-earned monies...http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/39614-capital-trust-markets-capitaltrustmarkets-com-possible-scam-alert.htmlWhen his victim started posting complaints about him and CTM, he started making threats against the Moderators o...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 31, 2015 at 00:20

As far as I know you cannot just walk in with cash to any broker (as far as I know none of them accepts cash deposits).

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 31, 2015 at 00:14

@ForexManagerDBA Thanks for explaining your service and mentioning @Ubertrading. Now I am more familiar with your service and the nature of your strategy (which I will not mention here) as one of my friends used to be a client of yours (either directly or via one of your introducing agents).I have to agree that your strategy would PROBABLY fulfill the stated conditions if we could merge the AVERAGE performances of all our managed accounts on a timeline of 6 years.In spite of the claimed success my friend is not a client of yours any longer, the reasons of which MIGHT affect other investors, to...

Profit Collectors - Consistent Profit Strategy in Trading Systems May 30, 2015 at 17:26

I calculated 48.508 Euros (500x1.21x1.21x1.21... etc 24 times) as the projected net monthly profit would be 21%. Before taxes.We are talking about 2 years here... The fact is: there has been no strategy on MyFxBook for the past 4 years which could produce even 5% average monthly profit (with less than 25% DD) for two years straight. I have strarted this thread in 2013: http://www.myfxbook.com/community/experienced-traders/5-average-monthly-profit-for/494885,37#?pt=2&p=1&ts=364&o=494885So what are the chances...?

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 30, 2015 at 17:18

16 more months to go and yours will be the first one on MyFxBook fulfilling the stated modest criteria.

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 30, 2015 at 04:47

@drago It is hard to comment on this strategy as most accounts are closed after a few weeks, so there is no continuous trade history and enough data for statistical evaluation.The likely reason why accounts are closed after a few weeks is that the brokers DON'T LIKE at all this strategy and they attack the accounts by their 'virtual dealer plug-ins', i.e. with their parasite software to limit the strategy's profitability. Apparently successfully, as the accounts are closed then reopened at a new broker... Rinse and repeat...So overall the strategy can be good, but due to the ab...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 30, 2015 at 04:37

YES, YES...! That is the point!The fact that nobody could come up with a 1) modestly profitable 2) relatively safe and 3) STABLE strategy for more than 2 years on MyFxBook tells a lot about the chances of a making a living from Forex profits.

Profit Collectors - Consistent Profit Strategy in Trading Systems May 30, 2015 at 04:30

FIXED LOT strategy sounds good.

Profit Collectors - Consistent Profit Strategy in Trading Systems May 29, 2015 at 12:50

Agreed, again.

Profit Collectors - Consistent Profit Strategy in Trading Systems May 29, 2015 at 12:13

Agreed. 😎I would really like to see you becoming the very first Account Manager who can fulfill those modest criteria. Criteria, which no overpaid hedge fund manager of the entire world could meet (as of now).

Profit Collectors - Consistent Profit Strategy in Trading Systems May 29, 2015 at 12:01

Thanks, Bro...! Actually I am doing a favor for you protecting you from the - potential - fury of your clients. Seriously!After my comments - whatever happens - NOBODY SHOULD BLAME YOU! 😉_______________________________________________________________Just one more thing. An early comment - from a PAMM Manager - in the above thread was this (in 2013):'then I guess I'm with the lucky <1 % average Joe'sI'm not saying I've got a track record of 2+ years, which would be impossible cause i've only started to look into forex <2 years ago. But in the meanwh...

Profit Collectors - Consistent Profit Strategy in Trading Systems May 29, 2015 at 11:50

Yes it is 'just talk'...Let me copy here one of my first comments from the above thread from 2013, as it is still valid:'The title was mainly a theoretical question to see and SHOW to the public what the real chances of 'Average Trader Joe' are to make a living by trading Forex.Comparing the performance of the world's best private hedge funds (with 30-40% yearly profit) to the [title stated] 60-70% stable gain per year, 5% monthly sounds like a fantastic performance. And probably it IS fantastic, as for now, nobody could show such a strategy. [It was in 2013...]So what ...

Profit Collectors - Consistent Profit Strategy in Trading Systems May 29, 2015 at 11:41

And one more thing before Bansostra bans me (as I am usually banned by 'account managers' after making comments like above'):In February of 2013 I have started this thread: 5% average monthly profit for at least 2 years (with less than 25% max. DD): http://www.myfxbook.com/community/experienced-traders/5-average-monthly-profit-for/494885,36#?pt=2&p=1&ts=359&o=494885As of today NO STRATEGY could fulfill these relatively vERY MODEST criteria by showing an account running at a mainstream, reputable broker... No single strategy in the ENTIRE MYFXBOOK Universe......

Profit Collectors - Consistent Profit Strategy in Trading Systems May 29, 2015 at 11:24

** So far there has been no strategy on MyFxBook and ConnectForex which would have survived more than a few months with such trading style. **Using small (0.05-0.1) lot sizes is OK, but increasing them 10-20-40 times to 1, 2 and even 4 lots total(!) in a Martingale fashion on such a small account to recover losses is EXTREMELY RISKY and needs LOTS OF LUCK on the long run. Of course, 'RISK' is only a word for most enthusiastic wide-eye investors who are fixated on the mirage of a nice profit curve.But when 'RISK' materializes in a huge drawdown, then suddenly it stops being a wo...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 29, 2015 at 10:57

Then at least he/she should allow us to have a sacred glimpse at the 'Holy Grail'...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 29, 2015 at 08:00

I guess, you are right. Greed and fear, i.e. psychology of trading (which accounts for 80% of successful trading) overwhelms most traders sooner or later, even if they have a good strategy. (Which is why successful hedge funds employ psychologists for their traders who make 30-40% per year and pocketing $10+ million per month in salary.)Anybody who could show a MyFxBook account fulfilling the title criteria could make at least $50k per month just from performance and subscription fees from retail traders. So either there is no such strategy, or who owns such a strategy does not care about the ...

Are you managing an account here at myfxbook? in Experienced Traders May 29, 2015 at 07:23

MyFxBook page has not been updated for the past 11 days.The account manager must have a good reason why no recent performance is shown...Unsightly DD, I guess...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders May 29, 2015 at 07:16

I think you are posting in the wrong discussion.The title of this discussion mentions 2 YEARS and not 2 DAYS of Trade History....

Profit Collectors - Consistent Profit Strategy in Trading Systems May 27, 2015 at 06:01

Working with Martingale strategies is like acting as a modern day 'alchemist'... trying to make gold in the lab...

Profit Collectors - Consistent Profit Strategy in Trading Systems May 27, 2015 at 02:04

Does anybody think it seriously that a Martingale strategy can survive long term...?The Forex graveyard is full of Martingale strategies. It is statistically proven that they are all doomed to fail... Sooner or later...There are lots of topics on ForexFactory discussing the mathematics and statistics of Martingales...

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