Approaching the 50% DD ... is Wassel really going to close all the positions when reaching 50% DD as he mentioned on the 13th of September ?
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I think that Wassel knows what he does… we should be patient and we will see...
I hope so ... But for sure I'm saying that he is not doing what he is saying ! from his description: "number of open trades ranges between 30 and 45" --> I have seen 50+ / from a recent post here "stop loss is when DD reaches 50%" --> well he just proved the opposite as we speak. so it doesnt help to trust him to be honest. A bit more of communication would help for sure. Like this weekend when market was down, he could have take few minutes to give us a bit of explanation.
New development: As EUR/USD has dropped lower and lower, I have wondered if Wassel might deviate from his usual practice of not hedging, and I see that, in fact, he did on two SELL trades opened yesterday and closed today at a profit. We even made a few dollars from the swap for a change. Looking back, I now see that he also had a sell trade opened and closed on the 16th.
Now DD is at 39.9%. I'd like to breathe a sigh of relief, but I get the sense that it will be a while before the price clearly goes in one direction or the other. As Wassel says, we have to be "patient", but that's hard.
46% Drop. Its the lowest I've witnessed with Frero so far. Lets hope it turns around.
I do not see the future but his frero system is just lucky. In 350 pips there is no account for it is lost all .Are the beginner tanzactions that frero and a baby makes them.
@Taicun, can you see the future? Amazing!
According to Signal Start, drawdown is now at 37%. I can live with that. It is easy for me to say now, looking back, that I wish Wassel had closed all the trades that were open a few weeks ago when he could have done that with a small profit. But I don't know the rules of his system.
For now, I am continuing to follow his signal and hope things turn around. FWIW another signal I follow bought EUR/USD several hours ago, so Wassel isn't the only trader who expects the price to rise again.
Have you closed your own positions?
According to Signal Start, drawdown is now at 37%. I can live with that. It is easy for me to say now, looking back, that I wish Wassel had closed all the trades that were open a few weeks ago when he could have done that with a small profit. But I don't know the rules of his system.
For now, I am continuing to follow his signal and hope things turn around. FWIW another signal I follow bought EUR/USD several hours ago, so Wassel isn't the only trader who expects the price to rise again.
Have you closed your own positions?
For everyone who copies Frero's account it is time to close your positions yourself as much as you have money otherwise you will lose them all !!!!!! Time passes!!! Tic-Toc Tic-Toc Tic-Toc.
It is only a matter of time until he lose account. Luck does not last forever what you do are not trading is planting positions.
Anyone knows whats going on with the signal? Its drawn down to 67%.
The problem is SignalStart does not have a stop loss to "close open trades" at certain level, like lets say 50%.
The problem is SignalStart does not have a stop loss to "close open trades" at certain level, like lets say 50%.
I don't know exactly whether this normal, but I see 47 trades opened on my Frero system, I thought it would be a maximum of 45 as explained "the number of open trades ranges between 30 and 45". What is the accurate max number ?