Forex Minute Trader Diskusia

willgart posted:
what's this pricing model????
189$ per year + 49$ per month????
what's this???
and limited to 1lot only.
ridiculous.
why its not 49$ per month only or 189$ per year only or 64.75$ per month (the year + monthly fees all in one)

the other pricing option is not better... 189$ 1 time, but we have to select a specific broker and you'll get the rebates.
so at the end, you are guarantee to win 1 pip or more per trade, while there is no guarantee of profit for us...
when the expectancy is only 2.7pips I expect some rebates to increase the profit. but you'll got them, not me.

no, you have to improve your pricing model and remove the 1 lot limitation.
(a cents account has to be able to open 10 lots or more to be profitable...)

Hi Willgart,

Using 1 lot per trade you can easy make 2k a month with this system - if $49 a month isnt viable out of 2k a month for you then I guess the math doesnt add up for you, I agree.

We dont see 1 pip rebates...in fact the volume commiss brokers charge are between 0.48 and 0.7 of ONE pips, of this we see a small cut, yes.

Our EA has been traded by hundreds of traders (most of which are unhappy about additional copies being released, but we had little choice) for months preceding this launch and the stats of all the thousand of real moeny trades our technology determines an expectancy per trade figure and this is the basis on which we've chosen the IB brokers we have. We know it works and we know where it works - now you can choose to use this edge to your benefit - or not - but we are.

We're pursuing this business model because we only want about 500 traders max, a number we've nearly reached and then we'll go private. In fact Ive advised Willaim Morrrison who is our marketing partner to close off sales, today......I'm over dealing with all the BS that goes with a commercial EA release.

If you can find a better deal Willgart then I suggest you go for it.

But, if you're serious about money out of FX then I suggest you get a copy if you havent already....once closed we do not intend to open sales again though we may take on board select clients on a one by basis provided they meet certain requirements.

Cheers, Adam :)

ps: cent accounts will be useless for this EA, you need a quantifiably high quality feed, not a retail junk feed for newbies.

Hi Folks,

In case you are interested in this EA, here's a bunch of real money acccounts, some of them with 5-10k balances:

https://www.myfxbook.com/members/birt/forex-minute-trader/400358
https://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009
https://www.myfxbook.com/members/Bozza/get-more-barrels/340121
https://www.myfxbook.com/members/MinuteTrader/forex-minute-trader-arm/388255
https://www.myfxbook.com/members/jonpearce/mfata-exchange/304254
https://www.myfxbook.com/members/spoon/minute-trader/393464
https://www.myfxbook.com/members/jsshear/armada/400233/jnQObvWubva83EKwFYDA
https://www.myfxbook.com/members/fxloot/billys-ss/402257/pFB4fik5IKo2oxwK1Q4x
https://www.myfxbook.com/members/NewMillenniumInc/nmi-super-scalper-v116-axi/361797

As part of this longstanding project, our EA has tracked all real money trades (thousands of) at all brokers its been used at (40 approx) and from this an expectancy per trade figure is derived (average expected gain per trade based on all winners/all losers). We know where it works and it's from this statistic that we base the decision on our IB brokers and we are looking to fill only a limited amount of spots (500 of, most of which are filled) as part of our business plan.

So then, if you'd like to become of something rather unique in the business of FX then we welcome genuine inquiries.

[email protected]

I've otherwise advised William Morrison our marketing partner to shut down sales today..........I'm rather over the BS that I am faced with on a daily basis, I'd rather be focusing on appreciative clients, developing the EA and making money from trading FX.

Cheers, Adam :)

Adam, maybe there is a reason for the 'BS' you receive on a daily basis ?

You've just told a trader that he can make $2000 a month from a 1 lot. If that is the case then why bother selling it at all, you can run 100 lots yourself between a few brokers and make $200K per month, and using a fraction of the liquidity that is used by all of your combined SS and Minute Trader customers. Infact there is no reason why you could run 500 contracts based on the sales of Minute Trader alone, making 1 million per month ? I mean how many sales do you need to make to get even $200K per month after expenses, let alone 1 million a month. Why bother going through all this 'BS' and have to support all of these hundreds of people when you could simply trade it yourself and more for alot less hassle ?

On your website you show a long term EQ curve for both Minute Trader and NMI SS, that shows almost 500% gain, but it is not made clear that it is a demo account on FX Pig. The people who used live money on FX Pig had very poor performance, and I don't think you even allow PX Pig as a IB Broker ? Is that not misleading ? Please post some FX Pig results to back up the FX Pig Demo results. There are none, right ? Because the scalpers like this work far far better on Demo than they do with real money in the long term.

The accounts you have cherry picked here, are not long term as per your Demo on your site. Why not ? Why is there no long term Real money accounts as per your Demo results on your website ? Is it because in the long term the real account performance is poor compared to the demo account ?

You have been talking about closing down sales on SS for a long time to limit liquidity problems ... and then when you did, you opened up a clone under another name using the same Demo Account equity curve, that you know dosn't work with real money on that broker .... and now you are going to close it up too, but now you say the NMI SS may re open again soon. It's a common tactic among 'marketers' to threaten to limit sales, or increase the price to encourage you to 'Get in before your left out'

Oh and thats not to mention the way your treated your long term clients that bought your NON IB Software outright, only to be told by you that it was going to be IB and they all need to change brokers to an IB Broker or else be left with software that dosn't work.

Adam, I think we are the ones sick of the BS. Put REAL results on your websites, honor your promises to limit sales and provide those who did purchase your Non IB Scalper, those long term loyal clients, with what they paid for. You will get allot less BS I assure you.

Yagan,

Well actually its not everyday...that would be an exaggeration actually, I haven't read a peep of late actually so you're actually interrupting an otherwise enjoyable (and productive) silence.

You sound rather angry about something as you hide behind an online username and keyboard versus taking the time to actually speak to me one to one as Ive offered numerous times......so I'm about to waste 30 minutes of my life yet again responding when I could be determining if its 18 points or 16 points or 14 points that's best for a certain clearance. Seriously......things that are actually productive and positive towards extracting some extra pips.

But, you're entitled to your opinion of course, and so is everyone else. What was it that I read by that Steinitz robots guy years ago that made me laugh at the time ? 'opinions are like arseholes - everyones got one'

I do what I do with the best of intentions but in some cases you just have to adapt in business or else perish. We don't sell the EA en mass, and focus on EA development/performance instead and rely on IB commiss. We took a risk making that call but felt it was the only way to make a limited use business model viable - which is something (limited use) Ive always held true too and is well evidenced as a fact. Fortunately that's what the majority of our clientele agreed with compromising to achieve or they wouldn't have stayed on board, so I guess in hindsight it was the best decision to have made make.

NMI is still here today only because of decisions made, of that I can assure you, but maybe some would rather have seen NMi perish, disappointingly I saw that sentiment in places.

While you're pissing, moaning and doing whatever it is that Yagans do on the weekend - I'm going through the motions to continually strive to improve the EA and the business of NMi. That's the best I can do really. Let's not forget the selfless efforts of NMi team members (Lorenz from Germany our chief design and optimizer now on the Mk2 SS EA project, Jos our Dutch EA security and web interface partner, Jia our support and VP manager, Murray our support man and IT support the optimization process for the SS EA not to mention unseen others in the background) who have (and continue to) invest a lot of their time into this project.

Lets not forget to mention the many loyal clients of NMi who play their part in being able to maintain NMi as one of the few limited use EA based business models that exist on the net - virtually every other EA is for sale all day everyday and have no plans to work within confines of 'limited use'.

There's plenty of real money fxbook accounts links about if you care to look, plenty of them have banked good gains, but not everyone is up due to various factors. Of late, its been less than stellar (to be kind). So, what's new...... ? Who cares about demos really...do you ? What they do highlight is how much the LP's/banks behind the brokers shaft everyone on live executions...you should be venting your anger their way, they are the reason why real doesn't perform like demo.

You can make 2k in a month using 1 lot/trade, its been done on the officially listed AXI account, its had 10%+ up days too. So what was $189 for that potential ? that doesn't mean its going to do it every month though in case you expected as much....that would be an unrealistic expectation.

One takes their chances in FX no matter what decisions they make, the best each of can do is attempt to make the best choices that we can each day. You can choose to align yourself with direction of NMI or you can choose to go your own path or the paths of others and that's the beauty of life - freedom of choice.

Kind regards,

Adam Liddiard
Trading Director

[email protected]

Sorry to interrupt your optimizing those BBs Adz. I know, its hard to know exactly when to jump in front of the freight train isn't it .. well actually not so hard on the demo account.

Hey I'm not really angry, I am concerned to see you trying sell the system based on Demo results, it's probably a little more than cheaky, when you admit that it dosn't work like that on real accounts ... yes it works on some brokers, sometimes, if your lucky enough to get their own dark liquidity, but things suffer when it goes to market, and the more you have on each broker, the more chance they will send your clients to market. That's why it worked better when it was non IB, because we could find our own little pools y .. even non ECN + we could get our own IB rebates on the ECNs.

If only you could find a way to bypass MT4, find some custom liquidity and run a C programmed system and offer managed account off that. Maybe that's just a dream, but with your sizable company, perhaps you can bring it to reality.

That's my arsehole.

Yagan,

The fact of the matter is that NMI clients are free to use it on any broker still to this day, I said just ask and we'll enable for whatever broker you wish. We still allow SS clients to trade at whatever broker without an IB requirement with 0.5 lots on the basis that if clients find a good broker, the discovery is shared between all clients.

I presume folks like you would are OK to see others burn while you make pips....I've seen that selfish attitude before at Donna FX. Sorry Yagan, there will none of that...........but you can always design and develop your own EA system and use it however and where ever you wish.

Your assertion that it used to work better when you could use your own 'secret broker' has no basis in fact. The market just hasnt been conducive to tick scalping of late for any tick scalper (barring a few individual account exceptions).

Either does your assertion that its sold via the performance of a demo when, when plenty of real accounts are listed on our Myfxbook profile and on what was the FMT sales page. Heck there's a list of live accounts in this topic thread.....

Again Yagan, for a limited use model to work (which is what most really want), NMi must see income from IB commission from its small client base, its that simple. Some folks just don't get that.....and would rather not support the designer and instead take their chances with an old hacked version v1.15 with god knows what settings coded into it...good luck on that (tick scalping is hard enough without using inferior code+settings).

NMi is not a big company, we do have a very good team but a relatively small client base. With regards a C programmed system option......I expand more on this in our forum which you could read if you were still a client....so I must assume you are one that opted a refund.

Seriously, get on with whatever you're doing in FX, just move on and get on with something productive - I'm not sure what you are trying to achieve here except to make me out as some terrible person when Ive worked myself into the ground to get even this far in FX. Go try it yourself one day, put yourself and your ideas on the line in real market environment - I guarantee you once you see it from my side of the fence you'll have much better appreciation of folks like me who run a genuine op.

I'm into making things work.

regards, Adam Liddiard

Adam, you love to talk too much :D i think the guy asked you direct question why you sell a scalping EA based on a demo good result when you know in real account this results can't happen, and yes this is misleading! you are not a clear person you are just a EA seller, and all what you are good in is talk and talk and talk. you know how to sell things not to tell the truth if it's will hurt your sell.

Anyway, i just traded your EA for one month in FX Pig and the result was crap, such tick scalper EA won't success in the long run, not because the EA is bad, but because the real market won't let it success.

BTW, why you hided all your accounts?

Blackcode - the difference between real and demo account are nothing new to anyone familiar with scalping and Ive no issues telling folks who dont know as much, and we list live account so folks can make up their own mind and see the lesser relative performance of real versus live. Nothing to hide.

Well, we did list all accounts (live and demo), but as the EA isnt really being marketed or for sale anymore then there's no reason to have them publicly listed, the links are now private and just for existing clients. Also I made them private because I didnt want to field anymore comments/question like yours, loaded with bias and an obvious agenda, so Im dissapointed they are still coming through actually...yet another 20 minutes wasted on an unhappy person that I could be spending servicing a loyal client or improving our EA.

I could have told you that FXPIG live feed was not a good choice because the feed slips more than any other feed we have used, and thats why we did not list them as an IB broker. Instead, you choose them because you looked at the demo and liked what you saw and decided to try them, to avoid the IB brokers we have selected and are dissapointed with the outcome.

It was a bad month for tick scalpers in general, and this month isnt much different but some recent setting changes we expect will improve things and a new MK2 model as well which we believe will achieve great things. No system will profit every month though, that's unrealistic but yet its a common expectation folks do have.

We'll see how it goes, we can but try our best for our clients.

You can think what you want about whether the market will 'let it be successful'.....only the future will reveal that.....my only question to you is why did you bother trying it if you already knew this ? or have you just worked it all out after 1 month eh ? If you really believe that, why don't you simply move on and stop following this thread ?

Cheers, Adam :)

Hi Adam,

Are there any real money account results over a 12+ month period that can provide full transparency regarding the EA's efficacy?

The EA hasn't been around that long so your request isn't possible. The EA has been taken off the market and NMi are focusing on existing clients at the moment, so thats the reason the myfxbook links have been made private.

Neutral posted:
Hi Adam,

Are there any real money account results over a 12+ month period that can provide full transparency regarding the EA's efficacy?

Hi Neutral,

Thank you for the respectful way that you have asked the question that you have.

Murray would be correct though, the EA hasn't been available for 12 months yet and its only really in the last 5 or so months that the EA has performed with some consistency, although the last month/recent period has been rather slow going for all tick scalping systems. We are continuously developing it though - all day, everyday with a steely resolve few can match, and so we expect over time we will keep improving it (and other systems we build). Of course no matter how much we improve it the market also has to be conducive for it to make profit.

By the time we amass a solid 12 month record you can bet that it will not be retail anymore/ever again because we have some very big fish (fund/hedge fund managers) in our existing client base that have pledged vastly more than I know the system can even handle being traded with. So, our focus is especially on delivering for our big clients (who do have steadfast confidence in our team) who individually have many times more AUM than NMi has in total and along the way if you happen to be one of the smaller fish in our existing client base then you likewise also benefit.

I'm all the helping the small fish though and they help us along the way, too. I know their position full well - I am a small fish myself and NMi is my ticket to becoming a bigger fish in the FX pond, as well as others.

Our current clients are mainly ones that see the value in the long term partnership with NMi, a strong team of 5 with a focus on ongoing development efforts versus a EA software sales company that spits out EAs of it's own design or others every week for the retail masses. Really, we aren't really seeking new clients (of course new clients are welcome) and hence its not just a matter of clicking on clickbank payment link any more (its via a 1 - 1 vetting process now). We know with really good performance we have all the business we can handle within our existing client base.

Some folks see the value of getting in now with NMi for the future, but most are only interested in the today, and thats why they will never be a part of something great or ever succeed in FX, their outlook is too short term...a losing week (or month) is all it takes for most to give up on our system, or any system.

As they say, Rome wasn't built in a day, and neither are great systems - they are product of years of ongoing development. If you think you can walk into FX and hand over $189 for a system with years of development and a stunning real money track record - then you are very much mistaken - that reality is unrealistic.....but then so are the expectations of most coming into FX.

Cheers, Adam :)

Thanks for the prompt response Adam.

As a standard vetting process I like to evaluate a minimum 12 months track record before investing. With that said, I understand your company/EA is still in its infancy and the clientele limitations you are imposing. However, that is my personal due diligence criteria.

Being a scalping system, I would also like to know if NMi advise of best VPS providers closest to 'preferred' execution & liquidity providers so as to minimise slippage, latency issues etc? As we are all aware proximity & execution speed is everything with such an EA.

Are the recommended brokers DMA & or ECN?

Is NMi an IB; & if so to which broker/s?

I look forward to long term published results on a real money account. If the results are encouraging I can only hope this promising EA will still be available to a select number of retail clients in the future.

My apologies for the array of questions. Keep up the hard work & all the best with NMi's future endeavours!

Cheers,
Neutral

Hi Neutral,

Understandable, 12 months is good seasoning for any system.

With regards on brokers/VPS of choice. Well it seems thats its more about broker of choice, than VPS of choice because a cheap VPS can see good results on a good feed but the best VPS wont make much difference on a bad feed.

Granted though the VPS does have a significant influence of the outcome achieved even at the same broker and there's many variables with how everyone runs their individual VPS's. Ive seen good results using a UK VPS to trade a NY broker and vice versa, it doesnt seem that close is necessarily best for this type of EA in fact - despite how it is otherwise logical to conclude that it would be. I still use a NY VPS for NY broker because its hard to break the mould, but my results aren't the best that have been achieved either and I'm the designer !

One thing we did implement a while ago was a comprehensive stats project where by the EA sends stats on the results of every trade placed on real money accounts back to a server to record for analysis. We are talking hundreds of traders, dozens of brokers, and thousands of trades (and counting I guess excess of 10k trades by now) This info includes all stats about wins and losses creates an expectancy figure per trade per broker and its this info that we base our decision on broker affiliations (yes, NMi is an IB) because we feel it provides our clients with the best chance at success trading real money accounts. The EA also record and transmits data on entry and exit slip, and execution and order modifications times via the same process for the same reasons.

All this information and some more is made available to our clients within our private forum. Our IB brokers are no great secret, they are big name and well respected and we are very strict on the feed, especially slip tolerance and we work closely with our broker partners on this. Of course it must be the ABooked ECN feed.

Cheers, Adam