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KeltnerPRO - Jared
in
Trading Systems
Oct 31, 2014 at 08:39
Just scale the risk down, run it at 40% of what this account is and that recent drawdown period would have been about 12%. Average monthly return would be about 18%, which is still an outstanding return. If you reduce the number of orders or use the breakeven feature you're fundamentally changing the strategy and won't necessarily get similar results to this account.Best regards Steve
BrokerArbitrage.com
in
Trading Systems
Oct 31, 2014 at 08:37
“Believe none of what you hear, and only half of what you see.”Benjamin FranklinHe's unlikely to say that it isn't true. It's marketing 101. Who, what, when, where, and why.That said, the EA does seem to be working. Going to be a hard one to judge the death knell of though.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 16:04
Nothing on my profile is available, they were all self written.I don't give out tips. I used to but then people end up using stuff you recommend and it stops working and they don't stop using it when you do and lose money etc.There are plenty of things out there, you just need to ensure you do your due diligence and don't put all your eggs in one basket. I use a mix of things - EA's, manual traders, PAMM accounts, trading services.The key as I say is understanding what performance you are expecting from anything you use so that you can react when it's performance drops.Best...
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 15:45
It will last for as long as it lasts and then something else will come along. Enjoy it while it works.The key is to have a portfolio of strategies/brokers that you use and to understand the performance of each of them so that you can decide that they have stopped working once they stop working.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 15:33
Exactly. So they are buying when you are selling and selling when you are buying. They end up with the other end of the "deal" and you can rest assured that they're going to liquidate their positions at an overall profit. That's why most retail traders fail, they're fundamentally playing in a weighted game as the market makers have access to information that we don't AND control of the market.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 15:13
You're pulling my leg now aren't you? Away with you, you scamp!Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 14:48
Yeah, it's pretty easy for a broker to mess around with a 3 pip stop loss. Best thing to do is avoid strategies like that or use multiple broker accounts with monitoring to see if you are being manipulated.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 14:44
The market makers though are a different story. And lets face it if you're winning you're either taking money off.a) The broker, if your broker is the market maker - not a good position to be in.b) The market makers, if your broker is one of the genuine ECN brokers, which means you are either getting your trade offset by another trader ( unlikely ) or the market makers ( more likely ). Market makers dislike losing money as much as brokers do.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 14:39
By brokers, I assume you mean the market makers. Brokers don't really influence the price, except locally on their own price feed. The market makers are always manipulating price. That particular spike looks like it was designed to trigger all the breakout traders into the market who were anticipating lows below yesterday. Probably also took out some of the reversal traders who thought they'd called the bottom and were in buy positions with tight stop losses.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 30, 2014 at 09:17
If you made 99% on your account yesterday then it sounds to me as though you're over trading. I would seriously consider your position sizes. This EA also goes through some serious drawdown periods that will wipe an account that's trading too aggressively.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Oct 29, 2014 at 12:25
If you check the trade history you will notice it's gone 18,17,15 and 13 days without a trade before now.Best regards Steve
Aggressive
in
Trading Systems
Oct 28, 2014 at 09:08
If it's working don't examine it too closely. Good luck!Best regards Steve
Aggressive
in
Trading Systems
Oct 28, 2014 at 09:03
That's interesting considering Nial himself claims he only achieves between 30-50% accuracy while you are showing around 90%. How are you achieving such accuracy?http://www.learntotradethemarket.com/forex-articles/nial-fuller-trader-interviewBest regards Steve
Caesar 400% EURUSD
in
Trading Systems
Oct 17, 2014 at 12:18
I applaud you guys for trying to warn people off systems that you feel are unsafe. You are actually doing Tomas a favour by weeding out the people who he doesn't really want to trade for anyway. People who do their own due diligence and then make their own mind up based on the evidence they gather generally ignore forum postings. Best regards Steve
Caesar 400% EURUSD
in
Trading Systems
Oct 07, 2014 at 13:28
Should of, would of, could of....didn't.The important thing is to learn the lessons and move forward.Best regards Steve
Caesar 400% EURUSD
in
Trading Systems
Oct 07, 2014 at 08:11
I too have been keeping my own council until now. I figure that I’m emotionally removed enough from recent events to comment on them. Hopefully there are some lessons here. I’m sorry if this offends some people and realise with emotions still high it possibly will..First of all this is my account.http://www.myfxbook.com/members/togr/caesar2steveb/1015101Now, I was set up for the standard risk that Tomas offers I believe 0.01 lot per $500.In addition to this, I had Equity Sentry set on the account with a risk of 26%. Tomas has previously stated that he generally runs a maximum drawd...
SmartScalper
in
Trading Systems
Sep 10, 2014 at 08:55
It's failure shows it wasn't a good strategy or isn't run by good traders. The strategy was, I think, described as having a maximum drawdown of 25% which would have been tolerable. 45% isn't.Best regards Steve
SmartScalper
in
Trading Systems
Sep 09, 2014 at 21:10
Epic fail. Avoid.Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Sep 05, 2014 at 14:43
Fair enough, if you're happy with it. Best regards Steve
KeltnerPRO - Jared
in
Trading Systems
Sep 05, 2014 at 13:57
Maybe, however the page states that he used all his life savings to fund the account. He would then have to have approached ( or been approached by ) William Morrison to sell the EA. They would have had to go through a period of building the website offering. This account started on March 5th, the website was taken out on May 8th. That's a two month period. Who knows, maybe William Morrison paid him up front for it. I don't know. The point I'm making is that the story of the guy being broke doesn't stack up when you consider he's not withdrawn a dime from this account at an...
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