QFX Signals_50% Monthly Discussion

To copy the trades of this system through signalstart, send a request through myfxbook performance page by clicking on the 'Copy' button.

Or you can also send a request to my contact email '[email protected]'.

System description:
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1.Monthly return: 100% (approximately)
2.Maximum Floating Equity Drawdown: 70%
3.Maximum total Drawdown: 100%
4.Minimum Required Balance: 2000 USD or 2000 USD cent(20 USD in a cent account)
5.Maximum Simultaneous Open orders: 200
6.Minimum Required Leverage: 500

Risk Warning:::
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This is a medium to high risk grid trading system and hence, by using this system you are putting your entire account balance at risk which can be wiped out at anytime and so to protect your account balance make sure to withdraw profits from your account frequently either every day or every week.

This account uses a safe grid system with medium risk levels. Also, unlike other grid trading systems, this system uses reasonable stoploss in each trade to protect the account from blowing out completely. Apart from that it uses maximum floating negative equity of -70% of the account balance at which auto closing of all trades happen to prevent complete wipe out of the account balance.

Also, this system enters trades only during highly trending markets. So we didn't have any trades yesterday in this account since most of the pairs were just ranging within specific price range.

Today was also a similar situation. Though the actual average monthly target is around 100% per month, but no changes will be done to achieve the target every month as long as the system is trading safely and making consistent profit within specific expected floating drawdown % levels under all market conditions including major news events etc.

So this week was closed with a small profit of around 14% and 1458 pips.

You have the trade history hidden, so it's impossible to verify what you are saying as truthful.

Can you please open the history?

Professional4X posted:
You have the trade history hidden, so it's impossible to verify what you are saying as truthful.

Can you please open the history?

This system I have made it public only to provide signals through signalstart and so trade history might be available for signal subscribers through signalstart if that is an option there, but not through myfxbook.

I guess no one will subscribe to the signals without seeing sufficient trading performance and for now it has only few days of performance. So for now it doesn't matter for me whether what I say is true or not. Those who will subscribe to the signals can automatically know whether what I am saying is correct or not.

Q_FxTrader posted:

Professional4X posted:
You have the trade history hidden, so it's impossible to verify what you are saying as truthful.

Can you please open the history?

This system I have made it public only to provide signals through signalstart and so trade history might be available for signal subscribers through signalstart if that is an option there, but not through myfxbook.

The option for displaying your historical data is available in your accounts editing area on myfxbook.

Just adjust your settings to match the settings as shown below, and click save to update them.





This keeps your open tickets hidden to protect your strategy and trades from being copied,
while allowing your historical data to be verified to prove your account trades are valid.

Professional4X posted:

Q_FxTrader posted:

Professional4X posted:
You have the trade history hidden, so it's impossible to verify what you are saying as truthful.

Can you please open the history?

This system I have made it public only to provide signals through signalstart and so trade history might be available for signal subscribers through signalstart if that is an option there, but not through myfxbook.

The option for displaying your historical data is available in your accounts editing area on myfxbook.

Just adjust your settings to match the settings as shown below, and click save to update them.





This keeps your open tickets hidden to protect your strategy and trades from being copied,
while allowing your historical data to be verified to prove your account trades are valid.

I know these myfxbook options very well, because I am not new to myfxbook. But I am just little new to signalstart.

I mean to say that I will not make the trade history of my systems accessible for public through myfxbook and it will be only accessible through signalstart only for signal subscribers and not for general public.

So you expect people to just believe you without any supporting proof? Ok. Have a nice day.

Professional4X posted:
So you expect people to just believe you without any supporting proof? Ok. Have a nice day.

Yes.

Those who believe earlier, they can get the benefit of the signals earlier. Those who believe later after it has a sufficient trade history or after the signal becomes popular etc, they can wait.

If I receive quite a number of requests for signalstart, then I will make it available in signals and before that if I change my mind not to provide signals, then I will simply hide the system. This is not the only system which I have, rather I have unlimited number
of high profitable systems and I really don't need to provide signals and it is just one approach to see how everything goes.

Those who don't want to believe at all without seeing the trade history in myfxbook, they can simply leave, because under any circumstances I am not going to make the trade history public for free access and copy my strategy by unknown persons.

Following to my previous post of Friday, there were no trades closed on Thursday and Friday. Also, no trades opened on Thursday due to low volatility, but some of the trades were opened at the end of the day on Friday and continued over the weekend.

Finally, the complete group of open orders which were hold from last Friday was closed today with a small profit of +5.21% and 1210.60 pips.

This system doesn't place trades everyday and places trades during only highly trending markets and hence, probably I need to wait for few days before next group of orders.

Anyone who is interested in the system performance, I invite to come to this system thread for any questions or doubts which you may have.

Though I try to answer to private messages, but sometimes it is difficult to answer the same questions individually to multiple myfxbook users through private messages and hence, I insist and suggest users to contact through this public system discussion so that my answers will be useful for all users who are following this system and who are interested to copy the trades may be in future.

There is no harm in showing your trading history, especially since you are offering your services for a fee.

You do get paid from people who subscribe to your signal, regardless if you make a profit or not.

By your own admission you refuse to prove what you say.


People who refuse to provide actual proof are typically and your attitude about proving what you say you can do is highly suspicious.

Not saying you're a scammer, but you are certainly not proving any proof, rather you just expect people to trust you.

So again, I am asking you to please open your history and prove what you say.

Regardless, I'm done with this discussion.

Professional4X posted:

There is no harm in showing your trading history, especially since you are offering your services for a fee.

You do get paid from people who subscribe to your signal, regardless if you make a profit or not.

By your own admission you refuse to prove what you say.


People who refuse to provide actual proof are typically and your attitude about proving what you say you can do is highly suspicious.

Not saying you're a scammer, but you are certainly not proving any proof, rather you just expect people to trust you.

So again, I am asking you to please open your history and prove what you say.

Regardless, I'm done with this discussion.

Please stop advising a system owner which is harmful and which is not.

For a system owner and developer, copying his trading system by someone is much more harmful than copying his trades.

In forex, no one will pay for something which doesn't make profit for them, because forex trading is not a 'car' or 'mobile' industry to sell and make profit. Only if people will make profit out of a signal, then a small monthly fee they pay out of that, but actually it is the system which makes the profit for them.

So you are completely wrong by saying 'You do get paid from people who subscribe to your signal, regardless if you make a profit or not.' No, signal start has a refund policy of it's own and so there is no question of getting scammed here unless the subscriber intentionally want to get scammed and stay silent. Because still he can get a refund from PayPal since payments are processed by PayPal.

Here performance is the only proof. So no other proofs are required. I will repeat that here system performance in terms of profit % and profit pips is the only proof people needed and if anyone needs any other form of proof, then he can simply leave my system.

People don't need to trust me or anything else other than the performance and that is what they will get in their account if they subscribe to the signals and if they don't get the same performance in their account compared to my account, then the fault is from signalstart which should take care since they charge 30% of the signal fees to the signal provider as well.

So stop posting the same thing again and again since I don't want to block anyone for no reason. I will request the same thing to other myfxbook users as well.

Finally, I expect this discussion to come from signal subscribers . Since you decided to leave the discussion, it is good for both and all other myfxbook users.

As I mentioned in my previous post yesterday, there was no major movement in the market today in most of the pairs used for trading and hence, today we had only 6 trades which were closed just now with a very small profit of +1.22% and 277.50 pips.

I don't intend to put more risk on the system by increasing the number of trades during smaller market movements since it might lead to bigger drawdowns sometimes if market continues to move in wrong direction.

As I mentioned before, now I just intend to use this system only as a small grid system with smart entries and exits under controlled conditions which should work even during worst market conditions both ranging markets as well as trending markets and also during major news events etc with least drawdown % and least exposure of account balance so that any higher account balance can be traded safely with the system and any amount of account balance can follow the system trades.

I have to wait for next group of grid orders to open to see next profits.

I want to mention that I have another higher risk system suitable for smaller account balances which is added to myfxbook and it is private and with much higher risks and profits and I might make it public in case if it crosses more than 150% or 200% within next few days. I don't want to make it public now without seeing the frequency of force close events of 50% loss which may occur in a month.

The high risk system can make around 300% per month provided if the 50% loss doesn't happen more than once per month. So I need to wait and see the frequency of loss before I make it public and available for signals for public.

As expected there was almost no major market movements in all most all currency pairs which the system is using due to which no trading conditions were satisfied for today and hence, no trades were opened for today.

As I mentioned before, this system uses a very smart grid system which places trades only during highly trending market conditions and avoids trading during range bound markets created by market noise. It is better to stay away and stay safe when the market is not suitable instead of entering trades and having bigger drawdown or closing in loss.

My target is around 100% per month with around 70% drawdown where as the maximum drawdown till now is only 6.59% and it already achieved 22%. I would like to stress that the maximum calculated and theoretical drawdown under worst case scenario is 70% and I am saying it is calculated drawdown because this grid system uses a stoploss in each trade and hence, maximum loss or drawdown can be calculate. So currently it is running under very safe and medium risk levels.

If the drawdown will remain below 20% for at least 1 month or more and if the monthly % return will remain below 100% , then I will double the risk in the future and still we can maintain drawdown below 50% and achieve 100% per months.

Only time can telll what will happen in future. For now I am not changing any settings of this system to increase or decrease the number of trades and waiting for market major market moves to get good trade entries.

There were quite a few fundamental news releases for today including AUD news 'Unemployment Rate'. But these news events could not trigger any trades for the system for today.

With the current rate of trades and settings I can expect around one or two days of a week to give trades and remaining days the system can stay silent. Patience is the key to succeed in forex and in my trading system of course.

It can give profits of 5% to 10% or more in one day, however, I don't expect it to achieve 100% a month with the current risk settings and so I may double risk after getting trades for at least one month. But it might achieve around 50% per month easily with current risks.

I highly expect it to give some trades tomorrow since tomorrow is Friday, but not sure if it can close the trades tomorrow or will it hold for next week.

Let me wait and see for tomorrow.

Unfortunately, today also there was very little to no movement in the market and hence, this system didn't trigger any trades. However, as I mentioned I am not going to make any changes to this system since I am very much sure that this system can trade very safely in long term to generate consistent profits irrespective of any account balance and by maintaining a very low drawdown as well as without reaching the maximum target floating equity.

So this system will be suitable for signals who wants to invest relatively big amounts and wants to generate safe returns in long return.

That is the reason I have made my other system named 'QFX Signals_300% Monthly ' public for signal. Please visit my profile to access the system and copy the trades.

That system is already available in signal since it was a old signalstart account which I resumed with this new strategy. That system requires very little balance to follow the signals and hence, it is very high risk.

I will explain more details about that system and the exact difference between the 2 systems in my future posts. However, no changes will be done to this system for now. I will wait for next week for trades in this account.

Even though there was very little to no movement in the markets last week, last week the system has made a small profit of around +6.49% and 1488.10 pips.

We had only trades for 1 to 2 days and remaining 3 days there were no trades. I will wait and see next week how everything goes.

I will give a comparison about my two systems in my future posts.

QFX Signals_300% Monthly Vs QFX Signals_100% Monthly:
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1.Risk per trade:
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The main difference is the risk. The risk % per pip used in 'QFX Signals_300% Monthly' is around 8 to 10 times more than 'QFX Signals_100% Monthly'. So there is a very high chance that the account may reach the maximum floating equity during sudden market movements and so I have used a 50% protection of account equity in 'QFX Signals_300% Monthly'.

However, 'QFX Signals_100% Monthly' uses a very low risk % per pip and hence, it is very very difficult to reach the maximum drawdown of 50% to 70% with only very few exceptions like sudden currency crashes of 1000 pips or more etc.

But even to tackle such sudden market events also I have used maximum precautions in the strategy to cause minimal damage or loss to the account.

2.Strategy used:
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Both the systems use similar grid strategy, but the trade entries and exits are completely different and hence, nothing to be confused here. These are completely 2 different trading systems with different trade entries and exits.

The frequency of trades in 'QFX Signals_300% Monthly' will be much more as compared to 'QFX Signals_100% Monthly' so that irrespective of any kind of markets the system 'QFX Signals_300% Monthly' will place at least few trades almost everyday with few exceptions where as 'QFX Signals_100% Monthly' doesn't place too many trades and it can trade around 1 to 2 days in a week and remaining days it may stay silent with no trades or even it may not place any trades for entire weeks.

3.Minimum Required Account Balance:
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The 'QFX Signals_300% Monthly' can be used with account balance of 250 USD, but for safety I have recommended 500 USD to start with.

However, since 'QFX Signals_100% Monthly' uses a very low risk per pip and hence, it is required to start with 2000 USD or more.

If I will find any more difference between the systems, then I will post in my future posts.

I want to reconfirm that both of the trading systems published in my profile use stoploss in each trade. But the stop losses are different since the tradings systems and trade entries are different.

For me using a proper stoploss(not too big not too small) based on the trading system is one of the key to successful trading in long term. Otherwise, anyone can be profitable without using a stoploss and using very low risk by simply placing random trades, but one day that account will get wiped out at some point and hence, it is useless for me.

So I have designed these trading systems with hard stop stoploss as well as negative equity stop so that during worst market condition it will do minimum damage to the account.