ForexAssistant's Posts - Page 16

Your best system in General Apr 10, 2014 at 07:37

"In order to give confidence to potential investors, show all details... "I try to do even one better, I let investors use my programs free for as long as they like, that way the element of trust, or at least the need for it, has been eliminated. I was taught that trust was a two way street. If you want someone to trust you, you have to trust them. You see trustworthy people have a tendency to trust others as they think everyone else is mostly like themselves. Others pick up on that fact, mostly subconsciously, but then they start to let some of their defenses down. I trust them ...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 09, 2014 at 22:57

Well; I looked at your link and recognized the price averaging strategy but I can't fathom your operation strategy, can you explain what happened on Jan 3rd at 18:40? See, it's not good enough for a system to make money. If the process is erratic, there is no way to know if you are looking at a good period of time or a bad one. You can make money for years and then lose it all in one day. So most of what we tend to look for is good money management techniques. Honestly, anyone can make money in this game, keeping it is another matter.Bob

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 09, 2014 at 21:53

togr; maybe an idea to help protect against a single large failure would be to add a slow recovery algo as a back up, the negative is that it lowers the percentage of profits but it does add stability. What it won't do is to protect against a currency failure. Unfortunately, me and a few other fundamentalist, think that at least one currency failure is a real possibility. You still need to be vigilant, rough waters ahead. Bob

Your best system in General Apr 09, 2014 at 21:08

No B1FXprof, that post was for that Iridia guy that has been posting the same post all over the forum. Just copy and paste, he never reads what he is posting to, just straight out spamming. The whole idea of these forums is to exchange ideas and develop our effectiveness through a lot of competing ideas. It doesn't always work well but spammers that don't participate, just using us as their property shows disrespect for all of us. I guess it takes all kinds to make up a world.Bob

Leverage in New Traders Apr 09, 2014 at 20:54

csc2009, please read the article that I wrote to start this thread off with. It might help the conversation to mature quicker if we're all on the same page. Certainly if you have a difference of opinion, we do want to discuss that, but we need to know exactly where we disagree to argue the point effectively. Togr, what broker not under the mandates of the US government still accepts US clients? I had several that did after the prohibition came into affect but they all buckled under and closed out their US clients accounts. If there are some that still take US clients, I will very inter...

Leverage in New Traders Apr 09, 2014 at 08:37

"I saw 1:2000 and 1:3000 somewhere as well "OK, that's just nuts. It's not a bad idea to leave something to protect from going into over draft but 500:1 is enough. Forcing anyone to use a lower leverage amount is just wrong, uncalled for and would only be used by a dictatorship. I guess I do have to get out more.Bob

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 09, 2014 at 08:30

So did you develop these yourselves and what do you call it? I would like to go through the theory with either or both of you, only what you can talk about of course. Also, if this isn't the best place, we can go off board. Pooler, obviously your not using a true martingale, but are most likely using the term to mean a recovery system of some kind. I have developed a Fibonacci recovery system and paired it with a slow recovery to give a double recovery protection. What I am looking for is a better way to determine whether to do a buy or sell at any given point, not just at some limited...

Leverage in New Traders Apr 09, 2014 at 07:01

Yes, I should have added the assumption that the base currency and the currency that the account was set up with is the same. Damn, and I thought I did such a good job with that explanation. I have never seen 1000:1 being offered, was that just an example or are there brokers offering 1000:1? Highest I've seen was 500:1 but I don't get out much.Bob

Leverage in New Traders Apr 09, 2014 at 00:21

Leverage is one of those common errors in forex because it is different than for stocks. In forex the trade size is set by the lots size. For a standard account that is $100,000 per lot, or 100,000 pounds or yen, it doesn't matter but it is 100,000 to 1 lot. (Mini accounts are 10,000 to 1) This is the real leverage but that isn't the leverage that is talked about in forex. The margin is set by the leverage. The marginal reserve is money that is automatically held back that you can't use to trade with or even protect open trades. How much is held back is determined by the account ...

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 08, 2014 at 09:15

My god, my heart is still racing. OK, your curve is consistent and it says that it's profitable but 9 pages of open trades!!!! I still have not caught my breath. Warn someone next time, will ya?Bob

Name 5 brokers You would trade with for 60ts> usd trading account without fear in Experienced Traders Apr 08, 2014 at 07:40

You know, I have a lot of this written up but forgot about it, but here's what I look for.http://forex-assistant.com/brokersMight help a little.Bob

RISE AUDCAD in Trading Systems Apr 07, 2014 at 09:03

Silverthorn; glad your back.I have been working a bit, I took some time off after my sister died but now I need to refocus and get back to work. What I am looking for is a system or device that will be able to pick buy or sells with a 75% (or the best possible) accuracy (correct choice). It isn't for this system, RISE, this one is best for retirees that are trying to live off of the returns that they get from bonds. 12% a year ain't bad when you consider how safe it is compared to stocks. I love it and as soon as I get moved out of the USA, I have my broker all line up and ready to g...

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 07, 2014 at 07:59

Good to hear, are you familiar with the spit grid? It doesn't seem like it would but a split grid will dramatically increase the profit percentage of a standard grid while making the whole grid safer. Pretty cool. Bob

VPS or Not in Experienced Traders Apr 07, 2014 at 01:07

You wouldn't think that one VPS system would be all that different from another but they are. A VPS setup for forex just works better than standard ones. Forex VPS kept crashing and their customer service sucked too. I moved my service to some tech guys VPS system where I ran 4 MT4 each with their robots with no problems for $29.00 a month.They're good, they just have the stupidest name in the world. So I had this idea for fun, I signed up for their referral program, I make about $5 for each referral. I was looking for ways that new investors could build their investment portfolio...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Apr 06, 2014 at 23:30

This guy has posted the same thing on a bunch of different threads, but the same response, what do you have to hide that you don't show the historical or open trades. No full disclosure, no interest. This isn't an unusual demand, every one of my systems is fully disclosed. Bob

Martingales; Good, Bad, or just Misunderstood. in New Traders Apr 06, 2014 at 23:19

One of the most berated tools available to traders is the martingale. For an industry that requires emotional control, its really interesting how the very mention of martingale will generate an amazing emotional response. I had to write this article for another project but felt that it would also do some good over here because there is a lot of bad information floating around the Ethernet. http://forex-assistant.com/articles/Martingale.pdf Questions and discussion is welcome.Bob

Your best system in General Apr 06, 2014 at 22:32

I wouldn't trust any system that blocks their open and closed trades from view. If its got something to hide, I don't want to be the one to find out what it was.Bob

How To: Truth about Managed Account in General Apr 06, 2014 at 22:28

Here's a little feed back for you ExcellenceFX, as soon as I see your history is private, my interest is done. There is a lot of charlatans in the investment world. If someones has something to hide, I won't do business with them. It may be limiting to some extent because some of the technical people are just bad at sales and don't realize what they are telling the public when they block out info. Either way, it is probably costing you business. Bob

Hi all I am new to trading any advice would be helpful :0) in New Traders Apr 05, 2014 at 23:03

Yes, but don't do it at the same time. It's like learning algebra and geometry at the same time. you need to learn both but if you try to do it at the same time, you will get confused.I recommend the new investor/trader start with systemic systems (a subset of fundamental systems), as it gives a good start to successful trading while laying the foundation for the other areas such as technical. Bob

Name 5 brokers You would trade with for 60ts> usd trading account without fear in Experienced Traders Apr 05, 2014 at 22:57

realize that definitions can get a bit blurred over time so I look up the current Investopedia definition;Definition of 'ECN Broker'A forex financial expert who uses electronic communications networks (ECNs) to provide its clients direct access to other participants in the currency markets. Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them.Investopedia Says Investopedia explains 'ECN Broker'Since an ECN broker only matches trades between mark...

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