marco_mmbiz's Posts - Page 12

inControl in Trading Systems Jun 26, 2020 at 08:58

I don't think they really lied. Look on their results from January to April (see attached screenshots): 1.9% - 4% profit/month, more than 35% drawdown.And with a different broker you can never get the exact same results as the original system. Every broker works different (with spreads, slippage, margin etc.).But yeah, everyone needs to test and check things first. That's why I recommend people to ask for EA's with a free testing period or a 100% money back guarantee (e.g. via Paypal business payment). Never ever blindly buy good looking things and hope it will be some kind of a ho...

iMS Ai Infinite - USD30,000 in Trading Systems Jun 25, 2020 at 13:21

Yep. I clicked through all their systems and they all stopped end of February. Maybe all those accounts are already gone. The connected broker doesn't even exist anymore: https://www.myfxbook.com/reviews/brokers/itgbroker/1778339,1 🙄

EA Trader 007 in Trading Systems Jun 24, 2020 at 11:49

NFA: not regulatedhttps://www.myfxbook.com/files/marco_mmbiz/ead_MZ.pngASIC: as a member of the EU you're not allowed to use a broker with ASIC regulation. Where are the same (good) results on other brokers (like with BaFin, Cysec, FCA, ICB, IFSC regulation) then? Why connecting such huge "million dollar accounts" to Myfxbook with an unknown broker and if the original author doesn't want to sell anything here? 😉

RealJanCeulemans in Trading Systems Jun 11, 2020 at 09:51

It''s not really about "tech analysis, signals, predictions". It's about clear and simple chart analysis (price action, together with ongoing news) and a good risk-reward-ratio. I never use signals, predictions or something. I only use clear charts, no indicators, no weird . An ex Blackrock member once said: "Indicators are the suicidal tools for retail-traders." And most EAs or robots are based on indicators, because they somehow need to know where to start and where to stop, right? 😁

Luca Account in Trading Systems Jun 11, 2020 at 09:40

... not because of their bank, but because of their "St. Vincent and the Grenadines" registration (see above).I'd rather deposit money to an IFSC/CySec/BaFin/FinMa/ICB/FSC/ASIC/NFA... regulated broker than a completely non-regulated one. Everyone needs to be safe on the Forex markets. And that's why I warned people, and also the FPA guys warn people (FPA even has a good anti-scam system which is working nicely with brokers and regulators).About the bank that is being used: They still can run away with all your money, right; the regulation of their bank doesn't matter, onl...

RealJanCeulemans in Trading Systems Jun 11, 2020 at 06:48

Yeah, after a bad start you're on the right way now. But keep in mind: the Dax could crash in the next months again, maybe in September or so. Concentrate on that 1 asset and you'll stay profitable.I'm also concentrating only on a few assets now, because if you have too much assets you're looking at every day you might miss something or might fail too much.Good and real one. 😎

$100 to $100K Challenge (Long/Short Cycles) in Trading Systems Jun 10, 2020 at 11:51

You can still achieve such amounts if you're trading and investing consistent and on long-term. Maybe you throw in 100€ per month into the account and trade it with a 5-10% profit per month. After 5-10 years you'd reach your goal of 100k€. 😉

Luca Account in Trading Systems Jun 10, 2020 at 11:38

Traders and investors should still be aware of the high risk when thinking about depositing anything into this broker. The broker only has a company registration (with a p.o. box) in the Caribbean without any official (financial) regulation. If the broker is really using an FCA regulated bank for their deposits and withdrawals it should be regulated by the FCA aswell, but it isn't. So be aware of the high risk of your investments.More info: https://www.forexpeacearmy.com/community/threads/regulators-svg-fsa-does-not-regulate-fx-binary-options-or-cryptocurrencies.63298/

what is biggest pip trade you have seen? in General Jun 09, 2020 at 15:30

The highest pip amounts you'll get with trading stocks and commodities and maybe some exotic forex pairs aswell. But be aware of the risk when trading such things using a high account leverage.

Best Forex crypto brokers in General Jun 09, 2020 at 15:23

Instead of trading cryptos I'd recommend buying them and sending them onto a safe wallet. But yeah, nearly all forex/CFD brokers are offering the trading with cryptocurrencies, just use your preferred forex/CFD broker.

$100 to $100K Challenge (Long/Short Cycles) in Trading Systems Jun 09, 2020 at 15:04

You're right. But no one needs to follow him. I'm just watching this system (not following, not investing, not trading). Nothing more, nothing lees. I just wanna see if he's reaching his goal of 100k though. 😉

$100 to $100K Challenge (Long/Short Cycles) in Trading Systems Jun 09, 2020 at 12:56

Looks good. Really curious when this system will hit those 100k. Keep those results and good explanations coming. I believe it can be achieved. 😎

GPS Robot FxChoice 100k in Trading Systems Jun 09, 2020 at 12:51

On the first look: nice and consistent. On the second look: very risky.Why not just implementing an SL of -20 or -50pips and leave it running like that, instead of opening huuge trades into the other direction after a loss of more than 90pips (see screenshots from your history)?And why not withdraw some of the profits? You already made more than 500k in profits, after depositing 100k. I'd already have withdrawn a minimum of 100k from the account (not at once, but maybe each month a small part of it (like 12x 10k or so)).Just some ideas here; don't wanna complain. 😉

ProfitsLandEA #1 account in Trading Systems Jun 05, 2020 at 08:29

I had a look on the history, it's not arbitrage, it's scalping. But: with very huge lot-sizes and a very close SL per trade. And yes, the EA seems to be off right now. No trading since last week.

FXCharger in Trading Systems Jun 05, 2020 at 08:24

At the end martingale-strategies are not that bad, they're only bad if there are no good SL's on it compared to the risk-reward-ratio. If the max. SL with 0.50lot is 100pips then I can't just use the same max. SL with 5.00lot, you'd have to use an SL at around 10pips then (5lot/0.5lot=10x; 100pips/10x=10pips) to stay close to the same RR. Just my thought about it; it is really close to gambling.

Ids venture in Trading Systems Jun 03, 2020 at 12:20

The DD is so low because they opened an account with 15 million USD (!). Even with more than 100k in minus the DD would still be less than 1%. lolWhich trader opens an MT4-account with 15 million USD and starts to trade with 800lots (see screenshot)? I'd just invest that money into a good fund of one of the "good" banks. Why take all that money at such a high risk?

iMS Ai Basic - USD1,000 in Trading Systems Jun 03, 2020 at 11:19

It's not a fight for "who's best" here, it's a fight for "true or fake". Do your own research on any systems that might have "too good to be true results": https://www.myfxbook.com/community/general/how-recognize-forex-scammer/1645261,1

iMS Ai Basic - USD1,000 in Trading Systems Jun 02, 2020 at 12:43

How can you believe in results if the connected broker doesn't exist or originally can't even connect with myfxbook? Where are these results from then?Ask yourself.😉

How to recognize a Forex Scammer ? in General Jun 01, 2020 at 13:32

Also, you can find a possible forex scammer with his/hers behavior on the internet. Just ask for something like a real proof or just say something looks suspicious to you, and you'll get huge fake profile attacks all the time, using their multiple fake accounts to spread fake news about you. They also only praise their systems here and only spreading fake news, sometimes they also look like bot-texts: 100% copy/paste everywhere (and only on suspicious looking "too good to be true" results), even on FPA they're now aware about it (see my screenshot attached).

iMS Ai Basic - USD1,000 in Trading Systems May 31, 2020 at 22:27

The original page/broker of this system is not existing anymore.And here's a quote from the new page "itg-futures.com":Also, this new broker doesn't offer Metatrader4 accounts (only MT5 and loads of other platforms) which makes it even more suspicious as this system here is connected via MT4.

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Posts by marco_mmbiz