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Smart Forex Expert MAM (Low Risk) (stopped) (Genom SmartForexExpert )

Förstärkning : +4.19%
Uttag 6.59%
Pips: 513493.5
Trades 1058
Typ: Verkligt
Hävstångseffekt: 1:500
Handel: Automatiserad

Smart Forex Expert MAM (Low Risk) (stopped) Diskussion

Aug 15 2020 at 10:18
38 inlägg
I found some SFE long term results. Should be considered before using this.


SmartForexExpert (SFETrading)
Aug 15 2020 at 10:35
87 inlägg
Hi Wolfgang,

You must be another one from Forex21’s gang. Welcome and I won’t ban you like Forex21 did to me.😉

That is only one of the SFE EAs trading over a limited period. The SFE EAs trade long term strategies and it’s not unusual to have several months of stagnation on a single strategy. By running multiple SFE strategies the stagnation can be significantly reduced, which is what we have done with our signals.

You can also check the developer’s profile - some EAs have up to 5 years of history now and are still profitable to this day:

I think you can stop attacking us now because the more your attack us, the more silly you look.😄
Aug 21 2020 at 13:48
416 inlägg
SFETrading posted:
 Welcome and I won’t ban you like Forex21 did to me.😉

1) You posted a screenshot from somebodies account and made it look like that the account belongs to me. That's why I banned you.
2) Consistently negative results for 3 years and a few months stagnation are two different things.
3) Wolfgang is a client of mine, a skilled trader and decent human being. There is a lot you can learn from him.

SmartForexExpert (SFETrading)
Aug 23 2020 at 05:08
87 inlägg
Well I just pointed out what I felt looked a bit dodgy. You are welcome to have your own theory and people can decide for themselves if your explanation makes sense or not.

I didn’t ban you or other people who questioned my system and I took time to explain how I traded my personal accounts, which made over $330K in 4 years. Similarly, people can decide for themselves whether they believe it or not.

Good luck to your trading and I don’t have any ill feelings towards you. However I think it would be much more convincing if you can use a real account rather than demo for your “ProFx 7 - Day Trade“ account. 😄
Sep 28 2020 at 06:15
15 inlägg
-1.81% after more than 350 trades. I am very happy that I did not fall for your sweet talk and allowed you to trade my account.

Investors be careful. Jimmy and Stefanos are good at marketing but have no clue about trading.

Stay away!
SmartForexExpert (SFETrading)
Sep 28 2020 at 07:49
87 inlägg
Well if you can’t tolerate having no profit for 6 months then you certainly don’t have a long term view about trading, so our system is clearly not for you. You can come back in another 6 months and see where the account is sitting at. 😄
Sep 29 2020 at 07:40
38 inlägg
Stefanos account shows consistent losses since 2018. Time to update those moving average settings?
SmartForexExpert (SFETrading)
Sep 29 2020 at 08:40
87 inlägg
Wolfgang posted:
Stefanos account shows consistent losses since 2018. Time to update those moving average settings?

His account runs SFE Price Action which has been in stagnation since 2017-2018, but the offical accoutant still has over 400% gain since inception: https://www.myfxbook.com/members/atractor/sfe-price-action-21-normal/1331484

It is true that the market has been unfavourable for momentum based EAs for the last 2-3 years, but their time will come. We just need to be patient and wait for the market to become favourable again.

As I said, we focus on long term growth and the results may take a few years to become apparent. If people are not ready to invest for the long term then they should not use our system, and they are welcome to find other systems instead. But from what I’ve seen over the years, it is very rare for most systems to even survive more than 2-3 years. 😄
Oct 06 2020 at 17:36
28 inlägg
Expectancy: -93.0 Pips

A system what enters at the beginning of the NY session a buy or sell trade based on a random machine with a SL of 50 pips and a TP of 100 pips would trade better than this. 😄
SmartForexExpert (SFETrading)
Oct 07 2020 at 09:32
87 inlägg
Any system can have a winning streak in the short term, but we shall see who will last the distance.
Oct 07 2020 at 12:11
28 inlägg
Some numbers to consider for potential clients.

During the last 60 days investors lost A$9941.

Profit: -A$9588.63
Interest: -A$353.94

Luckily ic marketes pays mam managers high kick back commissions and I am almost certain that jimmy and his friend earned between A$661 and A$992 only from this mam in the last two months.

Lots: 1,226.56
Commissions: -A$1323.94

The issue is that brokers allows such business models and ic markets even allows mam managers to cash out commission at any time. You can read about it here: https://www.icmarkets.com/sc/en/partnerships/money-managers

Numbers are based on custom analyzes. Two months.
SmartForexExpert (SFETrading)
Oct 07 2020 at 13:16
87 inlägg
Please get your facts right.

Commissions are charged by the broker, not by us.

If people sign up under our IB they can get discounted commission of $5.50 per round lot traded, IC Markets keeps $5 of that and we only get $0.50 for every lot traded on the accounts under our IB.

But while we recommended people to use IC Markets, it is not compulsory for them to join under our IB - so we won't even get any share of the commission if they choose to join under other IBs.

Also the amount of lots displayed on Myfxbook is not accurate, because it also counts the lots traded on Stock CFDs.

So if you go by the commission charged, then the account has traded $1323.94 / $5.50 = 240.72 lots on Forex pair during the period you analysed.

Then, if the accounts are all under our IB then we would have only earned 240.72 x $0.50 = $120.36 in commission over the 2-month period you analysed. I don't think earning $60 in commission per month is anything to write home about....
Oct 08 2020 at 05:22
15 inlägg
SFETrading posted:
Also, we only charge people by performance fee for copying the signal so we don't make a cent if the followers don't make money.

33952 lots traded. If that what you wrote is true, you gained $16 976.00. I would say it the true figure is probably in the high 50s.
IC Markets pays also commission for CFD contracts.

SmartForexExpert (SFETrading)
Oct 08 2020 at 06:51
87 inlägg
As I already said, the number of lots traded displayed on Myfxbook is not an accurate measure, because they treat 1000 shares on Stock CFDs as 1000 lots. You will need to filter out only the Forex pairs to see the exact lots traded on Forex pairs.

For example, in the screenshot below, the BA.NYS trade was closed at break-even at 0 pip, and the commission was only -$4.74 for a 65 'lot' trade - which is clearly not the same as 65 lots in a Forex trade.

The amount of commission we receive is only about $0.50/$5.50 = 1/11 of the total commission displayed on the accounts. So take the High Risk account for example, currently the total commission paid is $9451.30, so our share of commission is only around $9451.30 / 11 = $859.21 over the past 6 months...and that's on an account that is $100K in size. The account easily has gains / losses more than that on a daily basis.

So I hope you can see by now that earning commission will never be the main source of income for us. Our goal is to trade profitably in the long term and earn the performance fee that we deserve. 😄


Oct 09 2020 at 06:31
13 inlägg
....eas sold on mql5 based on back tests with 11% history quality


Oct 09 2020 at 09:24
37 inlägg
The gain percentage looks good. Possible through the high leverage I’m assuming.
Oct 15 2020 at 04:48
37 inlägg
Things are different in the short term as any system will have the winning streak if it is for a shorter period.
Dec 07 2020 at 07:16
28 inlägg
I focus on long-term growth and that’s why I mostly invest for long-term.
Jan 01 2021 at 10:08
21 inlägg
Your system looks good to me. However you can work on improving your losses on this. Try a different strategy and you might get a better outcome.
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