Frero (By wassel2017)
The user has deleted this system.
Frero Discussion
Aug 30, 2019 at 13:24
One of the first signals I subscribed to would have no activity for 4–6 weeks while the trader went on vacation. Signal Start provides statistics for the signals, and you can also go back in the history to see if this has occurred before you subscribe.
forex_trader_720671
Member Since May 07, 2019
3 posts
Aug 30, 2019 at 16:19
Hello Wassel, can I stay calm? With your settings ( 0.01 lot for 1000 euro balance ) I am starting to feel little uncomfortable, because of DD close to 30% and 47 open trades. Now it is enough just little movement and DD is increasing very crazy. Do you have some strategy, when DD will come to some percentage, to hedge it or something? To ensure capital? Trump is tweeting agin and market seems to be not predictable. I just dont want to lose my money, I am looking forward for your answer. Thanks
Aug 30, 2019 at 20:10
I think Wassel knows what he is doing. EUR/USD has turned around. Right now MT4 shows the drawdown in my account as 18.9%. I'm sure it was greater earlier, before the price started rising. MT4 says I have 47 trades open; Signal Start shows 51! In any case, we should let Wassel focus on trading. For the returns he delivers, we have to take some risk.
Aug 30, 2019 at 21:49
(edited Aug 30, 2019 at 21:51)
CORRECTION: My ratio of lot size to account value is 0.006 lot per 1000 USD balance, which is lower than yours, even after correcting for the difference between EUR and USD. This explains part of the discrepancy between my drawdown and tatr3's. I just keep the multiplier in Signal Start set to 1.0.
BTW I just noticed in the blurb on the Frero signal in Signal Start that Wassel posted the following update on 18 Aug: 'Leverage is reduced to 1:50. This will not impact anything from followers' end, nor from our end. the lot size opening remain the same, as well as the number of possible open trades, we're just making the account size about 750k€ for a lot opening size of 6 lots per single trade instead of an account size of 600k€ initially. Please do nothing from your end.'
So now—in EUR— the ratio should be 0.008 lot per €1000 in the account.
BTW I just noticed in the blurb on the Frero signal in Signal Start that Wassel posted the following update on 18 Aug: 'Leverage is reduced to 1:50. This will not impact anything from followers' end, nor from our end. the lot size opening remain the same, as well as the number of possible open trades, we're just making the account size about 750k€ for a lot opening size of 6 lots per single trade instead of an account size of 600k€ initially. Please do nothing from your end.'
So now—in EUR— the ratio should be 0.008 lot per €1000 in the account.
Aug 30, 2019 at 22:11
Can someone else please tell me how many trades you have open in your account following Frero? Signal Start still shows 51 open trades (when the market closed for the week), and MT4 still shows only 47 open trades in my account. I'm wondering if I missed 4 trades.
Member Since May 27, 2019
9 posts
Aug 31, 2019 at 03:49
aranciata posted:
I think Wassel knows what he is doing. EUR/USD has turned around. Right now MT4 shows the drawdown in my account as 18.9%. I'm sure it was greater earlier, before the price started rising. MT4 says I have 47 trades open; Signal Start shows 51! In any case, we should let Wassel focus on trading. For the returns he delivers, we have to take some risk.
Well said mate. I've been with him for 3-4 months now and I've been through events like these. Just hold through even if he opens more positions.
Aug 31, 2019 at 05:26
I hope you guys can get out of this without too much harm, but this system is very dangerous with no exit strategy. It has done well in the last 18 months only because EURUSD price movements have been very choppy, but once volatility returns where the pair can move 200-300 pips in a day, I am certain this account will end in massive loss. With this system you should only trade with money you can afford to lose!
Aug 31, 2019 at 05:29
riversaile posted:aranciata posted:
I think Wassel knows what he is doing. EUR/USD has turned around. Right now MT4 shows the drawdown in my account as 18.9%. I'm sure it was greater earlier, before the price started rising. MT4 says I have 47 trades open; Signal Start shows 51! In any case, we should let Wassel focus on trading. For the returns he delivers, we have to take some risk.
Well said mate. I've been with him for 3-4 months now and I've been through events like these. Just hold through even if he opens more positions.
How do you feel and what will you do when these situation happen? Will you just leave it alone or watch the charts closely?
To be honest, everytime these happen, I am too nervous to fall asleep and watch the charts but do nothing actually.
Aug 31, 2019 at 10:09
(edited Aug 31, 2019 at 10:12)
jimmy8378 posted:
I hope you guys can get out of this without too much harm, but this system is very dangerous with no exit strategy. It has done well in the last 18 months only because EURUSD price movements have been very choppy, but once volatility returns where the pair can move 200-300 pips in a day, I am certain this account will end in massive loss. With this system you should only trade with money you can afford to lose!
I agree with you. Martingale is a high risk/high reward strategy. It's been working well because EU has been a very slow burner and basically having the two economies fighting at similar levels. This is changing now or might have changed already. Let's hope not.
I just hope Frero has some amazing indicators that accurately tell Eur will PB to at least break even. I'm not a fan of opening so many trades so close to each other. What's the point besides taking more unnecessary risk? Anything above 1.10xx is unlikely to be recovered unless Trump gives us a hand, but as he wants to be re-elected, I don't think he will continue to escalate the trade war anymore or attack Fed how he's been doing. At the moment Eur is getting decimated. From a fundamental and technical point of view, there is absolutely no reason to buy the Euro. Also with the ECB meeting getting closer and likely to cut rates further while US have no reason to do so, just make things more tense. The trend line is our last line of defense. Brace for impact if it breaks. I'm placing my SL to avoid 30%+ dmg.
https://paste.pics/6K8CH
jaytrad00
Aug 31, 2019 at 10:26
(edited Aug 31, 2019 at 10:26)
Hmm...if it’s fundamental then from what I know most economists are predicting EU to fall further given the weak outlook in Euro. Also technically EURUSD has just broken 1.10 on daily, weekly and monthly closes with the close we just had on Friday. You would really need something surprising again like Trump’s tweets last week to be able to get out of this drawdown.
But even if he was fundamentally correct, when the market is volatile the trade can still go against you a lot before it returns to the right direction. I think it’s really just a matter of hold and pray now...
But even if he was fundamentally correct, when the market is volatile the trade can still go against you a lot before it returns to the right direction. I think it’s really just a matter of hold and pray now...
forex_trader_510354
Member Since Apr 02, 2018
1 posts
Aug 31, 2019 at 11:50
jimmy8378 posted:
I hope you guys can get out of this without too much harm, but this system is very dangerous with no exit strategy. It has done well in the last 18 months only because EURUSD price movements have been very choppy, but once volatility returns where the pair can move 200-300 pips in a day, I am certain this account will end in massive loss. With this system you should only trade with money you can afford to lose!
Can you refer us to a period in which EURUSD consistently moved 200-300 pips? It has never moved as such, but if it did lot sizes would be adjusted accordingly I am sure.
Any trader that can make 10,000% or more in less than two years has a sustainable system without any doubt, however obviously using an averaging strategy such as this his 'stop loss' is a margin call and anybody following his signal should be prepared for that.
Member Since May 27, 2019
9 posts
Aug 31, 2019 at 14:18
Tannerforex posted:jimmy8378 posted:
I hope you guys can get out of this without too much harm, but this system is very dangerous with no exit strategy. It has done well in the last 18 months only because EURUSD price movements have been very choppy, but once volatility returns where the pair can move 200-300 pips in a day, I am certain this account will end in massive loss. With this system you should only trade with money you can afford to lose!
Can you refer us to a period in which EURUSD consistently moved 200-300 pips? It has never moved as such, but if it did lot sizes would be adjusted accordingly I am sure.
Any trader that can make 10,000% or more in less than two years has a sustainable system without any doubt, however obviously using an averaging strategy such as this his 'stop loss' is a margin call and anybody following his signal should be prepared for that.
Take a quick look at Jimmy's profile and you'd see that Wassel isn't the one with blown up accounts.
Sep 01, 2019 at 06:45
It’s because I withdraw my profits regularly and only leave enough funds in the account to cover the margin required. If you take a closer look you would see that I have made close to $300K in both accounts combined.
I know my trading is risky and I have always asked those who are interested in copying my account to only trade with a 0.20 risk multiplier, because at the moment I am trading over 4x the recommended risk. But this is the way I trade my own account and it has worked for me over the last 3 years. :)
I know my trading is risky and I have always asked those who are interested in copying my account to only trade with a 0.20 risk multiplier, because at the moment I am trading over 4x the recommended risk. But this is the way I trade my own account and it has worked for me over the last 3 years. :)
Sep 01, 2019 at 07:02
Tannerforex posted:jimmy8378 posted:
I hope you guys can get out of this without too much harm, but this system is very dangerous with no exit strategy. It has done well in the last 18 months only because EURUSD price movements have been very choppy, but once volatility returns where the pair can move 200-300 pips in a day, I am certain this account will end in massive loss. With this system you should only trade with money you can afford to lose!
Can you refer us to a period in which EURUSD consistently moved 200-300 pips? It has never moved as such, but if it did lot sizes would be adjusted accordingly I am sure.
Any trader that can make 10,000% or more in less than two years has a sustainable system without any doubt, however obviously using an averaging strategy such as this his 'stop loss' is a margin call and anybody following his signal should be prepared for that.
In 2015 EURUSD moved more than 300 pips in one day: https://www.marketwatch.com/story/dollar-moves-up-as-investors-ready-for-ecb-meeting-2015-12-03
Hopefully when a day like this happens you guys will be on the right side of the market, but if not I am sure this account will be margin-called. And it doesn’t need to move 200-300 pips all the time. Just ONE single day like this could easily kill the account.
Sep 01, 2019 at 09:17
I do hope you guys can get out unharmed...but you need to understand his system is just a ticking time bomb which will sooner or later get a massive loss. If you can accept this fact then all the best to you. But for those who are not aware of the risk you should reassess if the amount your have put in this system is what you can afford to lose. Because at some point when EURUSD gets a large movement in one direction, I am sure this account won’t end well.
