FxMasterGuru's Posts - Page 64

www.forexmanaged.biz in Trading Systems Jul 15, 2013 at 11:40

It is interesting (and almost funny) how much attention a delusional "wannabe" demo trader can get...Why don't we just let him living in his pink, delusional Demo World...? He seems to be quite happy there... in the company of his demo investors.We all know too well that no serious investor would give him $100k, not even $100. In case anybody would risk any real USD with DemoTom, well, then he is delusional, too...I am signing off this topic, but before I do that, here is short story for DemoTom's future "investors":"Some people learn from books, Some people le...

FOREX SCALPINO ROBOT (LIVE 1) in Trading Systems Jul 15, 2013 at 06:19

Thanks, Johnny! I guess, Forex is in the "twilight zone" in regard to taking responsibility for paid goods if damages happen due to the product's malfunction. In a "perfect world" and especially in the USA that would be the norm and the expected action from any vendor.

www.forexmanaged.biz in Trading Systems Jul 14, 2013 at 17:47

Don't even waste time on analyzing the non-senses of the "money management" of this account. I think we should start feeling pity for FxTom... It is becoming a sad story... 😞

www.forexmanaged.biz in Trading Systems Jul 14, 2013 at 17:44

I guess Demo Tom does not even have 50 USD to open a cent account. Apparently the bank has refused to convert his Demo Dollars - earned from his claimed REAL investors (with 100k accounts) - to real USD.Maybe he should ask 50 (real) USD from his Daddy to be able start his real account...

FOREX SCALPINO ROBOT (LIVE 1) in Trading Systems Jul 14, 2013 at 17:44

Thanks for the sympathy! I guess at least you understand my concerns. I assume that the vendor does not WANT to understand my concerns and arrogantly makes me look like a noob...Anyway, for the 3rd and the last time: When the spread becomes larger (> set spread limit) the EA stops working. Completely. It does not do anything from that point: it does not open trades (which is good), but it does not do anything else either which can be a problem.Example: On many occasions the EA's marketable(!) profit was at +7 pips, but with a hidden +4 pips TP it has not closed the trade at +4 pips beca...

Fast Scalping in Trading Systems Jul 14, 2013 at 06:21

Expectancy: 0.3 pips... You can figure out the rest...

Fxtest_EURUSD-EA_Real in Trading Systems Jul 14, 2013 at 06:21

To San4x: Yeah, Kanga has wiped out 6 months' of profit. Really! Just read comments from actual Kanga subscribers on Donnaforex before you write "I suggest you look again"...http://www.donnaforex.com/forum/index.php?topic=2840.2490Quoted from the above link: "Yes, that's true. I know your feeling a bit as I hit SL's (6 trades) on Kanga wiping 6 months of profit. So I am basically at 0% really, because I started Kangaroo EA in feb. After such huge loss, which is the biggest in Kanga history there will be questions/fear if we should continue to trade. Not long time ago...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Jul 14, 2013 at 06:21

Welcome to the World of the Demo Millionaires... The world, who manage Demo funds, live in Demo mansions, drive Demo Bentleys, drink Demo Dom Perignon and sleep with their Demo girlfriends...Yeah, 1000% yearly profit with 0.00% risk... Sure, that is why you would not risk even 100 USD of your real money with this "Holy Grail" EA. But for real money you wold sell it... :o)

Fxtest_EURUSD-EA_Real in Trading Systems Jul 14, 2013 at 06:20

If anybody saved $400 due to my comments and warnings, I am glad that I spent the time with it.

FOREX SCALPINO ROBOT (LIVE 1) in Trading Systems Jul 13, 2013 at 20:28

Thanks for your arrogant advices and recommendations, but I guess, you have not understood my concerns:1. Most people have a daytime job and cannot 'babysit' an EA - turning it on and off based on "who says what" - so a SIMPLE NEWSFILTER could have been useful.2. I have no problem with the spread widening after a trade had been opened. Or before. Why should I complain to my broker...?? My problem is that your f*** EA stops working completely when the spread becomes larger!! It does not even take the 4 pips "hidden" profit. Which is a small issue.What is a BIG-BIG pr...

Pipharmony in Trading Systems Jul 13, 2013 at 20:27

Quoted from a website (which I cannot name as per MyFxBook's management): "DUE AUTOMATED STRATEGY BUG I WILL EXTEND TEST (15€ FEE) PERIOD UNTIL THE 10.07-11.07 LOSSES HAVE BEEN RECOVERED ON SIGNAL ACCOUNT."Since the "automated strategy bug" is still biting and losses are piling up, I suggest changing it to a "generic" statement: "DUE AUTOMATED STRATEGY BUG I WILL EXTEND TEST (15€ FEE) PERIOD UNTIL ALL LOSSES HAVE BEEN RECOVERED ON SIGNAL ACCOUNT."The signal provider's other strategy (http://www.myfxbook.com/members/Supranium/pipaddictio...

FOREX SCALPINO ROBOT (LIVE 1) in Trading Systems Jul 12, 2013 at 10:17

A simple NewsFilter feature could have prevented the Doomsday caused by this EA for clients like me. Most people still have a daytime job and cannot "babysit" an EA turning it on and off. Apparently the developers were more concerned about their own profits than their clients. (Doomsday: http://www.mellyforex.com/expert-advisors/forex-scalpino, if not deleted)Even if they did not get the obvious idea of including a NewsFilter or a "DayFilter" (similar to Friday's "no trade") option, as a professional courtesy they could have dropped a group e-mail to their pa...

FOREX SCALPINO ROBOT (LIVE 1) in Trading Systems Jul 12, 2013 at 10:16

It is strange that Scalpino was not running on the night of July 10th on the accounts connected to MyFxBook. I have purchased this EA and it has practically wiped out my account on July 10th during those 4 hours when EURUSD was climbing few hundreds pips within a few hours. Same as seen on MellyForex: http://www.mellyforex.com/expert-advisors/forex-scalpinoScalpino has shorted the fast uptrend without hesitation losing 31 pips with each pop while targeting 4. Which it rarely got.I wonder how the "masters" were so wise not to run the EA on July 10th... This date is clearly missing fro...

Primary in Trading Systems Jul 10, 2013 at 16:35

Grid strategy... On Demo... 😞The faith of such strategies are sealed for Doomsday... Just a recent example: http://www.myfxbook.com/members/fxcall/fxtest-eurusd-ea-real/577260You can read my warning comments in the blog of the above strategy just before the DD happened... No, I am not a prophet... It is just a simple fact, that grid stragies will create huge and mostly untolerable DD's. It is just a question of time. Although everything is "peachy" until it happens...

Fxtest_EURUSD-EA_Real in Trading Systems Jul 09, 2013 at 19:35

Here is the first FULL basket STOP LOSS -334 pips, i.e. -33.4% . That is what I was talking about all the time...! (read previous comments). It was in the air. Not whether it was going to happen, but WHEN. It came pretty fast. (I can assure FxCall, that I had nothing to with this basket loss.)So now the strategy has to make 50% profit just to get back where it was yesterday.And when will be the next full basket loss? I have no idea. It may be tomorrow, next week, next month. But you have to be prepared!Should you get two such basket losses within one month, that is -66.8% DD... From there the ...

www.forexmanaged.biz in Trading Systems Jul 09, 2013 at 13:44

You are really an ignorant. If you reduced the DD from -45% from -4.5% (so a serious investor would even talk to you) then the montly profit would be about 0.5%, which is 6% per YEAR. You take 1/3 of it as management fee. So your investors are left with 4% per year profit. Before taxes.In my country any Bank would give 6% government insured and guaranteeed interest! 5% after taxes. GUARANTEED and SAFE.

Fxtest_EURUSD-EA_Real in Trading Systems Jul 09, 2013 at 12:12

Thanks for the correction. You are right. I was visually estimating Kanga's DD based on its profit curve. It seemed that the profit dropped to the visual level of approximately January of 2013. Since it is not possible to determine exactly when the profit was at that level, using the average monthly profit %, ONE BASKET has wiped out more than 4 months' of profit. In one day.For most people the losses are really 6 months of profit or even more. Why? Because with any profitable strategy 95% percent of the traders increase their stake. Most of them want more profits, they reinvest their ...

Fxtest_EURUSD-EA_Real in Trading Systems Jul 09, 2013 at 08:01

Dear MiKKi (Kedves Miklós!)You are right. I did consider that the grid entries do not have equal losses, that is why I used the word 'approximately' in my comment.It is funny that you bring up FxTulip today, which EA has been doing great for almost 3 years. Until TODAY when it has created a 19% DD, wiping out approx. 6 months' of profits. If you had started FxTulip a few weeks ago with 100k, your losses would be around 18k today. Would you add 18k to your account and continue FxTulip...?? Possibly, but I doubt.As this above example shows "sh.t can hit the fan" at ...

www.forexmanaged.biz in Trading Systems Jul 08, 2013 at 20:59

Congratulations! 😀Serious investors - in the mentioned 100k-1mil category - would not even get close to a fund manager who can rack up -10% DD, not to mention the -45% DD what your account shows.I guess you are living in your dream world FxTom... Altough we are joking around, most of us are deeply sorry for you...

%100 profit in 1 month in Trading Systems Jul 08, 2013 at 16:18

Oh, this is our friend "Demo Tom"...! He got brave and set up a cent account.Please forgive him! He lives in a different world...(http://www.myfxbook.com/community/trading-systems/wwwforexmanagedbiz/260455,17#?pt=2&p=16&o=260455)

EURUSD	1.08668	GBPUSD	1.3051	AUDUSD	0.67015
USDJPY	149.524	USDCAD	1.37843	USDCHF	0.8645

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