PRandell's Posts | Myfxbook

Forex Growth Bot in Trading Systems Jan 21, 2011 at 04:09

hey MPierson,That was so sweet. You said "our" lunacy. I already told you that i might need psychological help. I'm glad you've come to the realization that you too are a bit touched.Alright, i feel a group hug coming on. You, me and Fxgrowthbot. I think it's time for peace. What do you say?Did you try the EA on usd/chf?PRandell

Forex Growth Bot in Trading Systems Jan 15, 2011 at 06:09

i79coop,As far as I know with Alpari you shouldn't be getting any requotes as their demo accounts have the same characteristics as their Pro accounts, which I believe you have to have $25K to start. At their Pro level there are no requotes.PRandell😀

Forex Growth Bot in Trading Systems Jan 14, 2011 at 08:10

Hey Ben,I WAS going to call him a douchebag, but i was afraid he'd look it up and tell me I spelled it wrong. lolPRandell

Forex Growth Bot in Trading Systems Jan 13, 2011 at 07:03

Star,If you have an EA that's showing a 50DD in the last year, I'd say walk away from it. But it it was ancient history, you need to realize that. If you have traded forex for any real period of time you'll know that the currency pairs often go through correlations that fluctuate. For example, at times gbp/usd trades in tandem with eur/usd. While other times the two are not correlated at all. Why does this happen? For a lot of reasons, but one reason is that the same economic conditions that exist in Great Britain, exist in europe as a whole. In other times Britain fairs far ...

Forex Growth Bot in Trading Systems Jan 13, 2011 at 05:41

Anyone who thinks trading Forex can be accomplished with 100% certainty is either naive, a newbie, liar, misinformed, inexperienced or just plain stupid. Whenever you try to predict the future movement of anything, and you put your money on that prediction, you are gambling that your prediction is correct. And if you can find a system that works MOST of the time, then you're a lucky bastard, and congratulations. I mean, hell... there are poker players who make a living gambling. A Good living. But that doesn't make it employment, nor investment what they're doing. They are fre...

Forex Growth Bot in Trading Systems Jan 12, 2011 at 18:40

Ben Smirt,I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven...

Forex Growth Bot in Trading Systems Jan 12, 2011 at 18:35

fxgrowthbot,I'd like to add to your notes that results from eight years ago don't necessarily have anything to do with what's going on today. The bot may have had 32 loses in a row 8 years ago, but that doesn't mean it'll do the same today. gbp/usd does not behave today the way it behaved 8 years ago guys. We do backtesting to get a SENSE of what a robot can do. It's not a roadmap to the future. It's just a guide. I figure like this: If it fails in backtest, move on. If it succeeds in backtest, then we may have a chance for the future. And i agree about thi...

Forex Growth Bot in Trading Systems Dec 30, 2010 at 19:43

Thank you Raymond,P

Forex Growth Bot in Trading Systems Dec 30, 2010 at 01:47

hey Raymond,Who do you like to use for VPS? P

AlonFx10/30 in Trading Systems Dec 27, 2010 at 19:50

Hey Guys,You cannot expect any strategy's performance to go straight up. There will be drawdowns. Unfortunately the market has no trend this time of year, and from what i can see this strategy needs a trend to be successful. Starting first of the year, once everyone's back from holidays, it should continue to perform the way it has in the past. The recent drawdowns don't concern me. But what DOES concern me is the fact that certain members are stating that while the live account is showing, for example, 4 straight losses, their live accounts show 8. I don't understand thi...

AlonFx10/30 in Trading Systems Dec 17, 2010 at 07:54

Hi Cinlung,You said in another managed account you are seeing proportional %. Are you saying you currently have a managed account with AlonFx or with someone else? And please let us know if it's a demo account or you're using real funds. Agnilak,Compounding features are rather easy to write, so I'm sure Alonfx could manage it, but I'm not sure if that's part of their strategy. Peter would be better suited to answer that. I too would like some sort of money-management baked in. But as the take profits are set to 10 pips and stop loss is set at 30 pips, I'm not sure...

AlonFx10/30 in Trading Systems Dec 16, 2010 at 21:13

Cinlung,I think because AlonFx is taking fixed number of trades, and .10 lots, you would have gotten $652.62. The only way you would have received 65% of your $1500, is if alonfx would have taken more trades for just your account, or if they would have bought and sold larger lot sizes than .10. Remember, just because they had $1000 in the account, doesn't mean they were using all $1000 worth of playing power. And just because you increased your initial deposit to $1500, doesn't mean they would have used all $1500.P

AlonFx10/30 in Trading Systems Dec 14, 2010 at 22:04

Sounds good. Hopefully your new broker accepts US customers. What do you think about mbtrading and fxcm.

AlonFx10/30 in Trading Systems Dec 14, 2010 at 06:19

Hi Peter. One more question. I was thinking of opening an account with Alpari, and this is what i found on their site:MetaTrader 4 Pro account additional features: * High volume trading at ultra competitive prices * Multi-bank liquidity * No-requotes * High-speed, low latency trading * Place orders inside the spreads * Non-Dealing Desk execution * Spreads below 1 pip*In your last post to someone else, you mentioned that alpari would not be an option because one would need a $20k account with them. It seems their mt4 account needs a minimum $250. Would this be a good b...

AlonFx10/30 in Trading Systems Dec 13, 2010 at 21:47

Hi Peter. So this broker takes US-based customers?

AlonFx10/30 in Trading Systems Dec 13, 2010 at 08:48

Hi Peter,Awesome. Thank you very much. Very impressive returns. Can we expect the same performance if we open up an account with your new broker? Also, is your new broker able to take US-based customers?

AlonFx10/30 in Trading Systems Dec 13, 2010 at 05:46

hi Peter,It's great to see that you've finally put a live account up for us to watch. However there are way too many details that are kept in the dark, and marked as private on the live account. There is very little information on the myfxbook page. We don't need to know the account holder's name, but it's very reasonable to see everything else from balance to daily gains. Afterall, if the account holder is trading 10 full lots and is getting some sort of break from the broker, anyone trading with a mini account may never see the kind of price execution this live accoun...

AlonFx10/30 in Trading Systems Nov 23, 2010 at 14:58

Peter,I think you'd agree that it is far better to give up a pip or two out of the 10 your system takes in, than to wake up one day and realize you can't get your gains out of a broker because they've closed their doors and disappeared. As for spreads being much higher at fxcm, you may be able to negotiate a rebate program from them if you contact them. Most brokers are open to some sort of compromise.Jim,None of profits matters if you can't get your money. The more you make, the more it's going to hurt when you see your broker was a scam. Do a google search on any of fo...

AlonFx10/30 in Trading Systems Nov 23, 2010 at 02:27

Hi Peter,Thanks for explaining it. I can see your point. Perhaps you can use FXCM. Here's a link to the mt4 platform option:http://www.fxcm.com/metatrader.jspI have used them for many years, and I've never had any issues with withdrawals. I'm not sure if it suites all your requirements, but at the very least it has an mt4 platform, they accept global clients, and require low deposits. I don't work for them, and I don't get paid for posting this about them. I'm simply stating the fact that I've never had to worry about my funds with them. I can't speak for ...

AlonFx10/30 in Trading Systems Nov 22, 2010 at 20:55

Hi Peter,It's great to see that you've made the changes. I'm sure everyone here appreciates the transparency. Your system looks great. I for one would be glad to try it out, but I'm not sure I agree with your choice of brokers. A simple search for NordMarkets in Google show nothing but bad reviews. Is there a reason why you cannot open a relationship with a well-known broker? There are plenty of big names out there. If your system performs the way it has been, it deserves to be put on a superior broker. No one will trust their money with these little brokers who may disa...

All Quotes
AUDUSD	0.64162	USDCHF	0.91221
EURJPY	164.5856618234073	EURCHF	0.97094
EURGBP	0.85512	GBPJPY	192.303
EURUSD	1.06434	GBPUSD	1.24373
USDJPY	154.63	USDCAD	1.37646

EURUSD	1.06434	GBPUSD	1.24373
USDJPY	154.63	USDCAD	1.37646

Posts by PRandell