Emu Main - Spy (By mikerawson)
| Gain : | +72.75% |
| Drawdown | 29.25% |
| Pips: | 556.8 |
| Trades | 1126 |
| Won: |
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| Lost: |
|
| Type: | Real |
| Leverage: | 1:100 |
| Trading: | Automated |
Emu Main - Spy Discussion
Mar 21, 2011 at 06:57
1,408 Views
10 Replies
Apr 16, 2011 at 10:07
Hi
Is this the spy trader EA that has been getting some buzz lately? Any thoughts about its performance as compared to the author's site?
Thanks
Wayne
Is this the spy trader EA that has been getting some buzz lately? Any thoughts about its performance as compared to the author's site?
Thanks
Wayne
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
Member Since Dec 30, 2009
26 posts
Apr 17, 2011 at 00:51
hi wayne - his performance matches his main site as far as i have seen. no issues with this guy - he is easy to deal with and his trade duration is really short.. lots of winning trades with the odd largish loser.. but no martingale or any of that rubbish to deal with - fully recommend him..
cheers
mike
cheers
mike
Survival of the Fittest
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Apr 17, 2011 at 02:56
When did you start his services with SpyTrader?
Apr 17, 2011 at 04:38
Thanks Mike,
I'm a little confused though. You say the performance matches the real site yet the account you show is only averaging 1% return a month (with spotty trades - gaps in months?) and the spy trader site is showing a 43% return per month. What am I missing here? Do you have another account with him that you don't have published on fxbook?
I personally can not trust someone unless they reveal their broker. I don't know why people insist on hiding the broker when they should know it only invites suspicion.
Anyway, best of luck
Wayne
I'm a little confused though. You say the performance matches the real site yet the account you show is only averaging 1% return a month (with spotty trades - gaps in months?) and the spy trader site is showing a 43% return per month. What am I missing here? Do you have another account with him that you don't have published on fxbook?
I personally can not trust someone unless they reveal their broker. I don't know why people insist on hiding the broker when they should know it only invites suspicion.
Anyway, best of luck
Wayne
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
Member Since Dec 30, 2009
26 posts
Apr 17, 2011 at 06:44
hi wayne and i will also answer forexscam..we started on feb 11 with spytrader.. you will note he was down for march - so initially he made some winners had a big loser and then has been getting it going again.. we werent in for the 40% month - our performance mirrors his down march and then he is now up for april..
the track record you are following includes some of my own trading - sorry thats a bit confusing and i realise now prob doing spytrader a disservice.. i also think that due to our small account size currently we dont always get all his trades but honestly its semantics at this point - im really happy with his trading and its the real deal.. and yes i know there are some scammers on here which is why i think its great for evryone to dig into the track records as much as possible..
cheers
mike
the track record you are following includes some of my own trading - sorry thats a bit confusing and i realise now prob doing spytrader a disservice.. i also think that due to our small account size currently we dont always get all his trades but honestly its semantics at this point - im really happy with his trading and its the real deal.. and yes i know there are some scammers on here which is why i think its great for evryone to dig into the track records as much as possible..
cheers
mike
Survival of the Fittest
Apr 17, 2011 at 08:05
Okay Mike, Thanks for some explanation.
Maybe you will make the 43% average monthly return over the long term. If so, I'll be signing up along with you.
The only problem from my perspective and experience is that I know how difficult it is to produce that kind of return apart from risking and almost equal % of your account. I risk 5% and sometimes up to 10% of my accounts to make 5-15% monthly return. If spy trader's collection of EAs can produce 40+ % return per month without risking that much of an account my hat if off to him.
But as the famous judge Judy Sheindlin says, 'if it sounds too good to be true, it probably is.'
:)
I've yet to see anyone on this site that can back up such ambitious numbers, fully verified, broker and history disclosed, etc..
Why is spy trader's broker hidden? Can you explain this to me?
Best
Wayne
Maybe you will make the 43% average monthly return over the long term. If so, I'll be signing up along with you.
The only problem from my perspective and experience is that I know how difficult it is to produce that kind of return apart from risking and almost equal % of your account. I risk 5% and sometimes up to 10% of my accounts to make 5-15% monthly return. If spy trader's collection of EAs can produce 40+ % return per month without risking that much of an account my hat if off to him.
But as the famous judge Judy Sheindlin says, 'if it sounds too good to be true, it probably is.'
:)
I've yet to see anyone on this site that can back up such ambitious numbers, fully verified, broker and history disclosed, etc..
Why is spy trader's broker hidden? Can you explain this to me?
Best
Wayne
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
Member Since Dec 30, 2009
26 posts
Apr 18, 2011 at 09:56
i hear you.. but to be honest i dont expect anything like 40% per month - im happy wtih 40% per annum!
so - i have seen a very few systems that can do the business - if they take a reasobale bet size DONT martingale and are based for example on a repeating pattern then it can be done.. most of the systems on this site ie 90% are not in this camp.. but there is the odd gem in here - but you know i have to gve them real money to get a real understanding :) but i only give them test accounts - if they make 6 months then they make it into the main portfolio and get decent money..
we will see..
i dont know why his broker is hidden but i do note that with so much paranoia on the site that alot of the good traders get subjected to intense and long running campaigns that wear them down.. i am comfortable that myfxbook.com is quite hard to trick and so i dont fixate on demanding total transparency - i simply confirm that they have a style i like and then i make a small commitment.. if spytrader was to do everything everyone asked i think he wouldnt have much time to trade - at the end of the day they only get a piece of the profits so that surely is the great leveller to the site?
cheers
mike
so - i have seen a very few systems that can do the business - if they take a reasobale bet size DONT martingale and are based for example on a repeating pattern then it can be done.. most of the systems on this site ie 90% are not in this camp.. but there is the odd gem in here - but you know i have to gve them real money to get a real understanding :) but i only give them test accounts - if they make 6 months then they make it into the main portfolio and get decent money..
we will see..
i dont know why his broker is hidden but i do note that with so much paranoia on the site that alot of the good traders get subjected to intense and long running campaigns that wear them down.. i am comfortable that myfxbook.com is quite hard to trick and so i dont fixate on demanding total transparency - i simply confirm that they have a style i like and then i make a small commitment.. if spytrader was to do everything everyone asked i think he wouldnt have much time to trade - at the end of the day they only get a piece of the profits so that surely is the great leveller to the site?
cheers
mike
Survival of the Fittest
Member Since Dec 30, 2009
26 posts
Apr 19, 2011 at 03:57
yes no trades in that period.. which matches to spytrader main track record ..
Survival of the Fittest
Member Since Dec 30, 2009
26 posts
Dec 12, 2011 at 00:18
just to come back to this thread - this guy has produced almost every month for us since Feb this year - he is an awesome trader and is the real deal.
Im noting that cause i havnt said that about any other trader here (although i have one other one that i prob will once we see some more track record).
Given the amount of stick alot of these traders get i just wanted to post a vote for one of the good ones
cheers
mike
Im noting that cause i havnt said that about any other trader here (although i have one other one that i prob will once we see some more track record).
Given the amount of stick alot of these traders get i just wanted to post a vote for one of the good ones
cheers
mike
Survival of the Fittest
Dec 12, 2011 at 00:36
(edited Dec 12, 2011 at 00:36)
Good to hear things are going well Mike,
I'm a little curious though. Is this an automated account where you are running the EA or is someone managing it? I only ask because you seem to indicate someone is controlling this EA. Do you know if the guy you are speaking of is doing manual trades as well?
Thanks
Wayne
I'm a little curious though. Is this an automated account where you are running the EA or is someone managing it? I only ask because you seem to indicate someone is controlling this EA. Do you know if the guy you are speaking of is doing manual trades as well?
Thanks
Wayne
A strategy must significantly profit in a 10 year backtest to have a chance in Live trading - Mine Does!
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