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Trade Copier
på
Trading System
May 14, 2013 at 19:05
Pip-factory has made some significant changes to the way they trade that reduce the risk. There is a alot more trades that are closed at breakeven. Basically they enter a position. If it goes against them, they enter a 2nd position. If the price gets back to where the 1st entry, they close that out at breakeven and close the 2nd at a profit. You don't make as much money, but the gains are consistent with few losses.
Trade Copier
på
Trading System
Apr 26, 2013 at 08:18
I've been watching the live trades foe a couple of weeks now. I'm pretty convinced that they are order flow trading. They seem to be able to enter the market just before there is an increase of activity. The challenge with order flow trading is that some large traders will enter the market with a small open position and then place large orders higher/lower to the open position to drive price the open position price towards the order price. Before it reaches the order price, they cancel it and close the open position at a profit. Its market manipulation based on price moving towards s...
Trade Copier
på
Trading System
Mar 30, 2013 at 16:15
Thanks for the feedback.Basically I think their strategy does have "some" merit, but then I believe all strategies work if you have the right market timing and good money management. However their risk/money management is not great. Hence eventually they were found out. I like the idea of having a trade copier since I have a very busy lifestyle and don't have a lot of time to watch the market and trade myself. Since I started with Pip-Factory in Feb this year, I had grown my account by almost 15% and hence covered the cost of the subscription and made some money. But this had som...
Trade Copier
på
Trading System
Mar 27, 2013 at 18:11
These guys took an absolute hammering this week. General trend was bearish, but they insisted to go long on EUR. Every time the price went against their position, they added more long positions in an attempt to scalp back some small gains, hoping that the trend has ended. Having discussed this with other professional traders (including institutional traders), this type of strategy in the longer term will fail since they are taking on low probability set-ups. Today, they entered over 100 positions buying predominately EURUSD and EURJPY, while both fell for 100 and 150 pips respectively. I am su...
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