felotus's Posts - Page 2

Are there any Real EAs that actually produce profits on Live accounts??? in General Nov 26, 2013 at 07:28

@RedRhino The problem is that there's so many scams and low-quality signals. Forget about the hedge fund, why would someone give away signals instead of opening a managed account ?I'm talking about a real managed account, where you don't manage less than 100k€ per clients, and you go to see HNWI, funds of alternative investments, hedge funds etc.Most professional investors will give you 100k or 250k to "see" the performances, it's really not that hard to get a first million if you're good. So why would you try to make 1$ a signal instead, I'm not sure I g...

Any Volume spread analysis / Wyckoff traders? in Experienced Traders Nov 26, 2013 at 07:24

-Regarding bloomberg and reuters: they're overrated, I have a bloomberg terminal, had a reuters eikon. For forex and futures, you don't need it, you get the news 1 sec later as a retail trader, so as long as you don't trade the news on a 100ms basis, you're good to go.You absolutely need the terminal for stock portfolio management and credit trading.Certain guys have the data before because they either bribed or have sex/rape-related material regarding a guy in the stats bureau. That's the only (illegal) way of getting the news number before. Big banks can estimate the numb...

ForexFarmer at Whiterock FX Real Account 3000 in Trading Systems Nov 25, 2013 at 22:16

It's senseless, you can't withdraw your balance, you can only withdraw your equity... so you have imaginary money.

Any Volume spread analysis / Wyckoff traders? in Experienced Traders Nov 25, 2013 at 22:15

The first chart you showed me was a 5min chart, both of these are 1 hours, don't you think it's a fundamental difference ?The 1 hr charts -to me- represent an overall trend in the market, so I would follow the trend regardless of the volume, whereas analyzing the 5 min one sounded more like a price action analysis, a true supply/demand analysis.

ForexFarmer at Whiterock FX Real Account 3000 in Trading Systems Nov 25, 2013 at 21:48

Aren't you down 33% ?

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Nov 25, 2013 at 21:45

What's the name of your company? We're a fund based in Geneva and the regulator would never let you advertise online like this.You're a scam.And 10% a month is everything but serious, just like "hedging" in the fx market.No serious professional will let you open a 100$ account, why would you? Actually, I have never seen a good account manager who opens anything below 100k$. No offence.

Are there any Real EAs that actually produce profits on Live accounts??? in General Nov 25, 2013 at 21:42

Same for signal providers, why the hell would someone on earth give you good signals instead of just trading his money, along with extra clients money ? Seriously ?

Are there any Real EAs that actually produce profits on Live accounts??? in General Nov 25, 2013 at 21:42

No. There's not.Most funds that are systematic (i.e. automated strategies) can hire dozens if not hundreds of people to make a "EA" work.Think about it 1 minute. Let's say you have a great strategy that works. You're doing 10% per months, or even 5% a month... actually even 20% a year. It has been working for the past year or 2 and you have faith in it.Why would you want to sell it for 500$-ish ? whereas you could lease it or be hired in a systematic fund and start at 500k a year + bonus ?

Any Volume spread analysis / Wyckoff traders? in Experienced Traders Nov 25, 2013 at 21:16

The break + decrease of volume. If you look at the pattern everytime you see a breakout, a retest and a decrease of volume, do you see it consistently break out further?

Any Volume spread analysis / Wyckoff traders? in Experienced Traders Nov 25, 2013 at 21:05

Dukascopy has really good feed.@Rubn Interesting pattern you mention with the volumes, did you try it on a larger scale? like 1,000 occurrences or something ?Most other brokers have the same liquidity providers tho, they go through currenex and thus can claim they have "17 banks" behind them.

Why 90% of retail traders fail... in New Traders Nov 25, 2013 at 20:57

Yes, there's also MT4i, Alpari, Dukascopy etc. plenty of funds that have fx activities do that, some of them are smarter and own a forex brokerage company in order to have a clearer view of the retailers.@ForexAssistant Stop raging, you write books that are supposed to help people make money online and have too-steady-to-be-true non-verified, non-audited and managed account-based returns. If you're profitable, stop wasting your time with 5$ books. No offence.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Nov 25, 2013 at 20:43

Having a fund is probably less backoffice than an account on hotforex, literally. You usually pay a fund manager who manages everything for 0.5% per year or less.

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Nov 25, 2013 at 10:24

Medallion, the world's best hedge fund doing high frequency takes 45% in performance fees.They don't take new investors and have been able to achieve 70% per year on average over the past 30 years...I can tell you most investors would KILL to get in Medallion, they used to have 15% entry fees and had to privatize the fund at 5B ;)And before everyone goes bungo bungo, they have 400 Phds working on patterns for facial recognition etc, it's not 2 guys in a garage trading fx.

Why 90% of retail traders fail... in New Traders Nov 25, 2013 at 10:20

Bobby my friendStop bullshiting people with demo accounts. Start a hedge fund if you're good.- Your LUCROR account is down 20% on an equity base- Your AUDCAD looks good but it's mathematically impossible to have a straight line like this unless you go martingale.Forex is the hardest market on earth, it's a well known thing, ask any professional / trader. Buy-and-hold 10 or 20 different stocks will be more profitable than trying to make consistent money on the fx market.We're a hedge fund and part of our activity is to bet against "retail traders", we take the exact op...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Nov 25, 2013 at 10:14

Before 2008, everyone was doing that. There's even some guys who were successful for 3-4 years and started to write books full of crap. So before 2008, any professional investor would tell you to start a fund and come back 3 years later. In a post-madoff era, they now say it's better because they have more "control" over their managed account etc... messed up world.

Why 90% of retail traders fail... in New Traders Nov 24, 2013 at 09:18

1) Broker won't book your positions unless it's a few millions or you've been consistently profitable.2) You have to stop to think that not being booked is a bad thing. When a broker doesn't book you, you have less slippage as your order doesn't go through the market, the broker creates extra liquidity for free.I'm not sure level 2 data will help you trade, I'm sure it won't actually, unless you're trying to do high frequency.

Why 90% of retail traders fail... in New Traders Nov 22, 2013 at 06:35

The behaviour of the market is different, especially lately.Try to google and find a fund that has been able to consistently do returns in the fx market and tell me what you find :p

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Nov 22, 2013 at 06:34

I hope you'll do, but do you seriously think you can transform 1k into 500k ?I understand that you don't trade 100M, but if you want to be profitable, at least try to open a 100k account and do 2-3% per months. That would be a good experience.You should watch this: "Goldman Sachs Trader Delivers Truth to Amateur Traders" http://www.youtube.com/watch?v=cytdsNK3zMQ

Why 90% of retail traders fail... in New Traders Nov 21, 2013 at 22:20

Years ago the game was much different, the market was much thinner and it was much easier to manipulate.We have a team of 15 engineers, most of them used to work in some of the largest investment banks and brokerage firms. We trade the FX market with a technology that's the result of 20 years of development. As we sell our fund to various kind of investors, we know our competitors very well. I can tell you, a good FX fund that achieves between 10% and 20% on a consistent, yearly basis is considered as one of the best FX fund, and there's only 3 that I know, beside us.look at futures fu...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Nov 21, 2013 at 22:13

No offense but you trade on 1 500€ and you had huge drawdowns of -20%@Rubn I don't think that's true, speculators also want to make money over the long term. Most equity hedge fund will look for 6 months opportunitiesThe real world is not managing 1k5 and losing 20%, the real world is pension funds who invest packs of 10 or 20M and you're maximal drawdown allowed is less than 4% on a yearly basis.The truth is, if you are able to do 20% a *year* for 3 years, you can already gather 100M in clients money, easily. And forget about leverage, most regulators won't let you go abo...

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Posts by felotus