Signal Start
yunben
Členom od Aug 03, 2013
20 príspevkov
Jun 15, 2018 at 00:46
Joshdean posted:
Most signals seem to fail at some stage. They trade very well for years, no massive drawdown, no martingale, no risky trades, making really good profit, and stating in their profiles things like 'all trades manually executed watched. Money management capped at 2% loss per trade', but eventually, all of the accounts have a set of massive losses wiping out their entire accounts. I subscribed to one account that had made 1.5 million Euro in over 2 years, he seemed to be doing everything perfectly with the biggest loss in that time about 7% of his account. I copied him for a couple months and he was trading reasonably well, no massive positions, no risky trades and would cut losses before they ran. Then in a 4 hour period he lost 90% of his account. 2 years to build, 4 hours to lose. Ive tried diversifying, having up to 12 different signals at one point, but no matter how much you make, your account cant sustain a 100% loss every couple weeks even if a signal has about 10% of your account. make 5% lose 10% and so on. If you have a smaller account you will have to increase that 10% just to cover subscription costs, so a 100% loss will inevitably cost you a lot more of your account. Yes there are features to micro manage subscriptions but they don't give you enough control but that doesn't help the underlying problem, the signals themselves are unreliable, there is also no way to contact the signal providers. My account is currently sitting at -71% over a 6 month period. Manual trading is definitely the way to go.
I agree with what Joshdean's above said. I ever worked as a signal provider and fund manager for a couple of years with several years proven trading records. I understand how trading as a fund manager may ruin a profitable trader psychologically especially when the trader is trading alone. When trading his own fund, he can wait until the best trading signals no matter how rare the signal is. However, there are many factor's may affect traders' psychology such as investor's requirements, family affairs (trading as a living source), and the idea to make consistent profits while making good profits all the time. Usually a professional fund also has bad days when market is not favorable, this should be the same for a private trader, but if a trader has such stupid burden in mind like making consistent profits with high return always and meet all investors requirements each months, he will fail one day just because he is not a robot.
After my failure, I realized to understand its advantages and disadvantages in all aspects, a strategy must pass back-test. After coding and testing for several months, I now totally convinced Robot EA (or as a reference) works much better than manual trading. It can give a general entry condition, better trading size plan and the very important consistent exit plan (this can be several exit plans which works for all cases including optimized stoploss instead of just one or two plans by manual trading which may not work for all cases). a good Robot EA is just like someone is doing math exam with a calculator or computer while manual trading only has one head. All in all, my suggestion to private trader who is going to trading as a fund manager is 1. trade with a parner, 2. do back-test, 3. use EA as assistant trading. Wish all happy trading.
Joshdean
Členom od Feb 15, 2018
1 príspevkov
Jun 10, 2018 at 07:40
Most signals seem to fail at some stage. They trade very well for years, no massive drawdown, no martingale, no risky trades, making really good profit, and stating in their profiles things like 'all trades manually executed watched. Money management capped at 2% loss per trade', but eventually, all of the accounts have a set of massive losses wiping out their entire accounts. I subscribed to one account that had made 1.5 million Euro in over 2 years, he seemed to be doing everything perfectly with the biggest loss in that time about 7% of his account. I copied him for a couple months and he was trading reasonably well, no massive positions, no risky trades and would cut losses before they ran. Then in a 4 hour period he lost 90% of his account. 2 years to build, 4 hours to lose. Ive tried diversifying, having up to 12 different signals at one point, but no matter how much you make, your account cant sustain a 100% loss every couple weeks even if a signal has about 10% of your account. make 5% lose 10% and so on. If you have a smaller account you will have to increase that 10% just to cover subscription costs, so a 100% loss will inevitably cost you a lot more of your account. Yes there are features to micro manage subscriptions but they don't give you enough control but that doesn't help the underlying problem, the signals themselves are unreliable, there is also no way to contact the signal providers. My account is currently sitting at -71% over a 6 month period. Manual trading is definitely the way to go.
Janito25
Členom od Mar 30, 2017
1 príspevkov
Jun 08, 2018 at 08:38
Where do I talk with support?? Thank you.
LungThengFx
Členom od Nov 20, 2017
1 príspevkov
Jun 03, 2018 at 08:44
Very good . I like .
lungtheng.forex@
Cashstack
Členom od Apr 17, 2018
1 príspevkov
May 30, 2018 at 06:11
Nice service, some good signals. Would be nice to be able to add reviews.
Raghuvm
Členom od Apr 04, 2018
1 príspevkov
May 28, 2018 at 08:09
very good and en-garaging signal service
tommy9097
Členom od May 06, 2014
5 príspevkov
May 27, 2018 at 10:29
just nice
Every trade is a lesson, either you earn or you learn, embrace both.
ForexLinksTools
Členom od May 12, 2018
1 príspevkov
May 24, 2018 at 06:41
Great Site!
Let Profits Run!
Ballers23
Členom od Nov 04, 2016
6 príspevkov
May 24, 2018 at 06:41
22 % in 10 days lets see you do that where is your myfxbook
timrichards
Členom od Apr 25, 2018
1 príspevkov
May 21, 2018 at 15:05
Quite pleased with my experience so far.
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