Forex Identity (By Michigander)
The user has deleted this system.
Forex Identity Discussion
Dec 02, 2012 at 14:40
581 Views
2 Replies
Member Since May 08, 2012
321 posts
Dec 21, 2012 at 02:43
I manually closed this account down. Traders Way is new to me and I thought I had 500:1 margin, but just realized it only had 200:1. The account was about even, and without even being stressed yet, my available margin was already very low. I may restart here once I sort things out, or I may just move this to finfx as well.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Dec 21, 2012 at 10:16
I would not traded with his EA, or else end badly. Look this:
XEMarkets - 1:888
https://www.myfxbook.com/members/pipinvestmentbot/december-closed/410805
https://www.forexpeacearmy.com/metatrader_expert_advisor/forex_identity_ea/real
XEMarkets - 1:888
https://www.myfxbook.com/members/pipinvestmentbot/december-closed/410805
https://www.forexpeacearmy.com/metatrader_expert_advisor/forex_identity_ea/real
Member Since May 08, 2012
321 posts
Dec 21, 2012 at 12:53
Jarora;
You have to learn to withdraw profits weekly. A system that makes 350% in 6 weeks and then crashes is not necessarily bad. If you had withdrawn your profits weekly, even with the account blowing you would have done very well. If you only look at the right edge of the chart to say, look, it ended badly, you will not be successful. There is more to it than that. What you really should be gauging is the possibility of making back you initial investment before a system crashes as opposed to just looking at the crash itself. I am not defending Identity at this point. It may not hold up. But to just continually say, look it crashed, is naive. They all crash at some point.
You have to learn to withdraw profits weekly. A system that makes 350% in 6 weeks and then crashes is not necessarily bad. If you had withdrawn your profits weekly, even with the account blowing you would have done very well. If you only look at the right edge of the chart to say, look, it ended badly, you will not be successful. There is more to it than that. What you really should be gauging is the possibility of making back you initial investment before a system crashes as opposed to just looking at the crash itself. I am not defending Identity at this point. It may not hold up. But to just continually say, look it crashed, is naive. They all crash at some point.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
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