Elkart's Posts - Page 29

Smartforexsignal alpha 1.1 in Trading Systems Feb 11, 2010 at 00:10

And by magic a satisfied customer whose never posted before suddenly pops up. A one post wonder, a miracle of good luck, timing, coincidence and destiny all come together for this one spectacular moment.Biz, just leave it mate, not worth the energy. Concentrate on your trading. I'm sure folks will see it for what it is.

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 10, 2010 at 02:47

I know Ed Downs sells signals in stocks. And he's a successful trader. So I know people do do it. But none of the ones I know do. And I suspect there's a reason for that.

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 09, 2010 at 23:46

And a question that I'm asking myself more and more everyday is whether I want clients at all. And everyday the answer is little bit more no...Hardly seems worth it. I'll deal with principles still, but retail clients I don't want to handle.

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 09, 2010 at 23:35

In South Africa I'd be legally required to register with the Reluatory Services if I dispensed trading advice. Yet if I use software I wouldn't.I don't personally know one successful pro trader who sell signals. The guys who I know either trade their own accounts. Or trade client accounts, or mentor. And to me it's not an option either. Client has very little chance of making money. I'd rather trade for him. Same with distributing EA's. Plenty of asking for setting here and other forums where people just can't get them to work. I probably do think about this lot wit...

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 12:55

Can anyone guarantee me IBFX is going to be ok? Just safer to move my money. US retail forex is in deep shit mate...

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 12:15

I prefer it that way. Not looking for business. The people that need links have them. You're missing the point completely. Whatever the Us regulators aim is, they're harming US industry, US reputation and their are causing harm to individuals. You might not be worried. But a lot of other people are. My one Washington based buddy is livid. He has to go spend a few thousand dollars now to get his accounts in offshore companies, cause he can't get new accounts. And he won't accept the new terms. He doesn't have a small account. Few hundred thousand. Many, many traders feel th...

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 11:48

And people argue with me on this. But I am sure there are plans to move dollar trading away from the banks to the CME. And I think all of this is part of that.

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 11:43

I mean after this, what will the CFTC do next? No one is going to stick around to find out. It's a cluster fuck. I don't want to deal with US brokers anymore. No one does. They're unstable. IBFX can send me a mail in 5 minutes telling me the CFTC has decided we can only short the dollar on Wednesday. Why would I or anyone want to operate in that environment?

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 11:38

W,Ya. This would be gambling with style. However, most of my accounts are well into double figure growth per month. And I wasn't aiming for this. I was quite shocked when I saw it. It's less of a gamble than it looks. Got some serious MM stuff running on it. If it gets out of hand it will get slapped back into something sane. That rise there happened so fast that the MM didn't even activate. My orders got hit. They got protected and they TP'd. Money in bank.It was chugging along nicely before that event and is still chugging along nicely as you can see. But I think US brokers w...

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 10:45

I have several systems and they all work. This one is just a faster version of my other stuff. I'll give it go. No need to wait. Heck I start with a $100. You can sit there and be careful till you ready to commit to $3000, me I'm off like a shot. It won't kill retail forex. We'll all just bugger off to europe or the east. Us citizens however is coming into this race with lead boots now.They are going to get left behind. That is if they can afford the starting line.If I put in $100 tomorrow and this thing goes. Three months from now I'll have $50k - $100k, at the risk of $10...

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 09, 2010 at 08:05

Basically me experience is that if you can really do this, money arrives and it arrives fast. People can tell if you know what you're doing or not. No need to sell EA's. You can not trust a client not to fiddle with EA's. You'll always get a genius that wants double the money and goes double the trade sizes, then when he wipes out it's all over the forums and internet. You can't even trust them to always have internet or electricty so they're online at least. Or even understand what they have to do. And you definitely cannot trust a third party tool to be reliable. ...

What is considered best practice in protecting an EA from pirates? in Experienced Traders Feb 09, 2010 at 07:32

Not something I would do. Need to have direct control of what's happing in the clients account. Ultimately I'm responsible for that account and liable in many cases. Not an option for a real pro.

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 01:51

W, Nother thing. I have an EA here that did 65% on Thursday, with that big dollar move. It's probably going to do 500% to 1000% this month if it doesn't wipe out. So talking to a buddy yesterday he says, well do you think it'll make the month? And I actually think it will, because the markets are volatile enough. So he says, why don't we throw $500 at it and see. If we do make the month we can take the $2 500, go buy beer with it and just let the rest run. I've spent more than that on a dinner. It's not much of a gamble.I'm a bit skeptical, it's a 50/50 thing we...

10 to 1 leverage suggestion by the CFTC - a death to the US forex market? in Experienced Traders Feb 09, 2010 at 01:01

Not having a problem is hardly the issue.Over and above that's the choice is being made for me, one I don't want to be made for me, it increases the risk to my portfolio by a factor of 10 and reduces my performance by a factor of 10. Not everyone uses the extra margin to do the biggest trade possible. Added to that, the rules are constantly changing. Any business needs stability. The US retail forex industry has become a very unstable environment. Lastly, it only affects the smaller traders. In effect the rich taking care of themselves again. The banks aren't going to be bothered b...

Oanda box options in General Feb 08, 2010 at 15:22

I know they exist. Saw them on O. I'm quite happy to admit I'm to stupid to trade them. Wonder in Leeson traded them?

Oanda box options in General Feb 08, 2010 at 15:09

I never really understood box options. To me it's like getting paid to try and shag a jelly fish. Makes no sense at all.

Attaching images in General Feb 08, 2010 at 11:32

The little pencil where your trade history is.....not the open trades. Look again. It's there.

Attaching images in General Feb 08, 2010 at 11:24

Senior moment. Click the comment tab...little pencil. Then you can insert a file....trade must be closed.

Adding twitter account in General Feb 08, 2010 at 10:08

K, I will...but I reckon that link is AWOL....

Adding twitter account in General Feb 08, 2010 at 10:03

k, but I can't find the link for that. Nowhere do I get an option to create another twitter account that I can see. Probably blind.

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