NewMillenniumInc's Posts

NMI in Expert Advisors Dec 05, 2014 at 11:58

We stopped selling EA's and only do managed funds now. Selling EA's doesn't work so well because all instances then all trade at the same time and flood the market, causing brokers to reject it and everyone to loose, except for the brokers of course.

Is forex gambling? in Experienced Traders Mar 13, 2014 at 02:19

Howdy,Hey, who's for getting back on track and conversing about meaningful stuff here ?Although each of us has their own opinion on what defines gambling - mine is that gambling is simply taking risks without any statistically valid plan or reason - like buying a lotto ticket or betting on black all night.Card counters at casino play the odds, that is why they are successful.Successful FX trader trade the odds, too, and that is why they are successful.There is still risk though, lets not forget that.Why most folks loose at FX is that they do not employ and adhere to a statistically valid t...

Is forex gambling? in Experienced Traders Feb 05, 2014 at 11:45

Hi 8888Not my design personally, no and you wouldn't be saying that if it had made 200% instead :)Its a grid system and sometimes they go that way, yet folks still want to trade them despite the risk of total account loss which at least this system has an equity loss control built in prevent. It's a new system, it may or may not work out long term, we'll see and thats partly about the design as well as the market. You can win them all the time, but what matters is making more than you loose that why diversification of risk over a number of system is one of the best approaches. The ...

Is forex gambling? in Experienced Traders Jan 25, 2014 at 00:41

Hi,Well, Im glad you asked. You might need to wait another 2 years if you want 3 years of live fwd, but I have 10 years in FX and only recently (past 12 months or so) have we (my team and I) discovered what it really takes to build a profitable system, which we've applied to 4 subsequent system which so far have performed as expected, excluding issues encountered with a bug (we have discovered and are fixing) on one system that is not a part of the intended design.We've cracked the formula to create profitable EA systems, everything we have done confirms this and like I say no system d...

NMi Extrapolus (new) in Trading Systems Jan 21, 2014 at 19:03

Monitoring started with version 4.01, you can download this EA for free at http://www.new-millenniuminc.com/experts-gateway/

NMi Extrapolus (old) in Trading Systems Jan 21, 2014 at 19:02

Our new 5k REAL account at AxiTrader to replace this account at RVDMarkets is now up and running, you can find it in our profile (click our name)

sPhantom Auto Trader in Trading Systems Jan 19, 2014 at 14:17

Hi there,Looking really good so far.A couple of questions to the developer if he'd (or she!) be so kind as to respond, and apologies in advance if these questions have already been asked in this thread, I'm a bit short on time to read it all ;1) I notice that there are some basket exits, ie more than one trade is closed at once - is there a limit to how many additional trades can be added ? what is the maximum loss that can be taken in one basket ?2) I notice in the backtest that additional trades laid up in basket are of greater size, what is the (approximate) progression of the lot s...

I want only a safe 4% each month... Which EA?? Thank you in Experienced Traders Jan 19, 2014 at 13:45

Looking good so far :) Is the system yours ?If the system holds up to the below mentioned specs then I think it has a better than average chance of staying in the game long enough and keep producing that steady 4% monthly average ;1) greater than 10:1 return to drawdown ratio over a minimum 10 year to date backtest period using fixed lots per trade (which will be problematic/not applicable with systems that use variable pips SL and too much to go into detail about here)2) tests conducted with realistic spread and volume commiss3) tests using appropriate data modelling type, ie ticks for tick s...

Is forex gambling? in Experienced Traders Jan 19, 2014 at 12:48

Hi Folks,This topic caught my eye and as Ive been trading and building forex systems for the past ten years for both private and retail applications, and suffered through the learning experience like everyone else has who's gotten this far, I thought my opinion would be appreciated on this thread.Is forex a gamble ? For most people it is if by the definition of "gamblers" you mean losers and I use the analogy of a Casino to explain."Most folks" walk through the doors with stars in their eyes and dreams of taking the house to the cleaners. But, as we all know Casinos are...

NMi Extrapolus (old) in Trading Systems Jan 16, 2014 at 22:19

Updated to v3.06 on 02-12-2014Updated to v3.09 on 15-12-2014

NMi Extrapolus (old) in Trading Systems Dec 30, 2013 at 08:42

Updated to v3.04 on 30-12-2013

NMi Super Climber Ste 18% risk in Trading Systems Aug 25, 2013 at 02:10

Hi Ozzie,Yes Im sure you and many others are. The 18% risk per trade makes the ROI and DD extreme, but when viewed with a long perspective Im sure you'd agree, its barely a blip in the big picture (see the red dash denoting the past equity high, and remember backtest and fwd test match almost exactly being an open bar system). As you can also see, it goes deeper into DD and for longer than what we've experinced thus far, and recovers everytime over the past 13 years, so it make little sense to withdraw funds now (as folks are prone to doing in a DD), quite the opposite actually. http :...

LiquidBot in Trading Systems Aug 01, 2013 at 12:38

This bot is under development by our Technology Director Jos, it will become available through our ExpertGate system if the live forward test presented here proves to be profitable.

NMi Super Climber 2.5% Risk in Trading Systems Jul 09, 2013 at 15:44

Minimum Investment : USD1kPerformance Fee : 20% High Water MarkVolume Commission : $5 to AXI (nothing added or included for NMi, our volume rebate is passed on to MAM clients)Special Conditions / ProceduresNew Axitrader clients : Use this link to open account http://www.axitrader.com.au/open-account.aspx?promocode=NMi-MAM Steps 1 - 9 below then apply.Current Axitrader ("AXI") account holders ("the Client") ;1. Client downloads and completes a pre-signed (by Adam for NMi) LPOA and Fees Broker Authority https://dl.dropbox.com/u/176734/Limited%20Power%20Of%20Attorney%20Authori...

NMi-Momods Night Scalper Pepperstone in Trading Systems Jul 08, 2013 at 06:27

Well we are as confident as we can be because we're doing all that we can do to continue it success, but of course making pips in FX is no easy feat to achieve consistently. NMi is throwing whatever support we can behind MO to give the system the best chance at long term success, as much advice as we can supply based on our experiences/beliefs about system design and optimization and how the markets works, a dedicated server loaded with super powerful optimization software with data shaped the way we believe it needs to be to get the best outcomes. MO is often adding new code and testing i...

NMi-Momods Night Scalper Pepperstone in Trading Systems Jul 08, 2013 at 05:50

Yup, in hindsight we should have switched it off :) but unless you have done the statistical verification of whether 4th July has been a bad week in the past, then there's no reason to disable it.Ideally, I think an Algo should be able to run all the time in all market conditions and stand up over time. Stats rule the game.Trying to decide when to turn it on and off is very hard, and then it must be statistically validated over time against a hands free approach - otherwise how do you know if you judgement is consistently good enough ? and if your judgement is that good....then why use an ...

NMi-Momods Night Scalper Pepperstone in Trading Systems Jun 21, 2013 at 11:00

Hi kishoore,Thank you for the kinds words.The NMi Momods Night Scalper EA is the first of more to via the NMi Experts Gateway http://new-millenniuminc.com/nmi-experts-gateway/For instructions to download the EA please click on this page http://new-millenniuminc.com/nmi-experts-gateway-traders/* EA Traders can download (for free) professionally developed and supported EA designs from carefully selected EA developers who partner with NMi, all EA designs are listed in the NMi Experts Gateway Back end for account holders (simply register).* EA Developers (selected carefully) are remunerated by NMi...

NMi Super Climber MAM Axi in Trading Systems Jun 21, 2013 at 03:15

Hi Rog,This account is a MAM account comprising of all risk profiles (of between 1.8% - 18% risk per trade) selected by clients. So, the risk per trade is average of what all the participants have chosen (as it is a choice with this MAM). The Graph is also affect by additional deposits and the timing of them.The account listed at 2.5% risk per trade is the best one took at and judge because its been traded at exactly 2.5% risk since day one and has not had any deposits made to it, and it was the initial seed account http://www.myfxbook.com/members/NewMillenniumInc/nmi-super-climber-25/513122I ...

NMi Super Climber Ste 18% Risk in Trading Systems Jun 13, 2013 at 03:26

Howdy,Its a private EA and that of one of the partners of NMi and not available as a retail/released EA or as an EA available in the NMi Experts Gateway. It is traded on a MAM at Axitrader, click on the NMi Super Climber managed account on this page http://new-millenniuminc.com/ This shows the system traded at 2.5% risk per trade starting just preceding a drawdown period which it has subsequently recovered from.The "LAMBO" account, traded at 18% risk per trade http://www.myfxbook.com/members/NewMillenniumInc/ste-lambo-18/531745 entered at later date, while the 2.5% account was in dr...

NMi-Momods Night Scalper FxPig in Trading Systems May 30, 2013 at 08:58

Hi Folks,We we had a good day, 100% winning trades today on our FXPIG account after a rough start and quite a considerable amount of gains banked as reported by our EA. We've still a little hole to dig ourselves of, such was the luck of our entry into the system after it posted a good run, but I'm confident as I can be that the NMi Momods Night Scalper EA will regain new equity highs.MT4 CrashWe've had some reports of MT4 crashes and the like. Its not a issue isolated to NMi either, Ive seen reports of the same issue being posted about the place.Its caused by the currently unstable...

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