ZPE TRADING FUND (By BillP)
The user has deleted this system.
ZPE TRADING FUND Discussion
Aug 25, 2010 at 22:24
savio.entertainment@
Aug 26, 2010 at 02:23
Hello,
It is a culmination of indicators that I have tested for quite some time before putting on a live account back in July....This is a manual system and not an EA.
Thank You,
Bill
It is a culmination of indicators that I have tested for quite some time before putting on a live account back in July....This is a manual system and not an EA.
Thank You,
Bill
"To have more money in the account this Friday than we did last Friday"
Aug 28, 2010 at 14:13
Aug 31, 2010 at 05:28
hi bill,
would you please share your system with me..
my email: [email protected]
thanks in advance
Best wishes,
Savio
would you please share your system with me..
my email: [email protected]
thanks in advance
Best wishes,
Savio
savio.entertainment@
Sep 04, 2010 at 13:14
hi Can I have information of your system or your template??
[email protected]
thanks
do you manage accounts??
[email protected]
thanks
do you manage accounts??
Sep 05, 2010 at 06:05
Hello,
It is a manual trading system that I have been working on for the past 1 year and have just recently put on a live account back in July.
At this time I am not managing account as I feel there is not enough trade history to support managing accounts.
Thank you for your interest.
Bill
It is a manual trading system that I have been working on for the past 1 year and have just recently put on a live account back in July.
At this time I am not managing account as I feel there is not enough trade history to support managing accounts.
Thank you for your interest.
Bill
"To have more money in the account this Friday than we did last Friday"
Sep 06, 2010 at 06:21
Hello and just for an update....
Due to the U.S. Labor Day Holiday on Monday, I will not commence trading for the week until TUE SEP 7 at, at least 8:15 am NY Time.
I hope everyone has an enjoyable holiday on Monday...Lets face it....Summer, 2010 is coming to an end.
Due to the U.S. Labor Day Holiday on Monday, I will not commence trading for the week until TUE SEP 7 at, at least 8:15 am NY Time.
I hope everyone has an enjoyable holiday on Monday...Lets face it....Summer, 2010 is coming to an end.
"To have more money in the account this Friday than we did last Friday"
Member Since Aug 20, 2009
216 posts
Sep 11, 2010 at 12:09
(edited Sep 11, 2010 at 12:12)
The system is a fabrication by broker FXOpen because it generates free advertisement for them to the detriment of myfxbook.com who generates revenue via advertising and not brokers gaming their ranking system. Total trades are 97 with a 100% equity ratio. All open trades and history are marked as private, thus we can presume there are no open trades or the equity would be 105%(indicating winning open positions) or 95%(indicating losing open positions). 100% equity means there are no open trades, all trades are closed.
What gives the system away as a fabrication is the 96 winners out of 97. I myself manage about 41 winners out of 45 on stocktwits.com and thus know that FXopen's claim is not true. Nobody can have 96 winning trades closed out of 97, it would be like winning the lottery 10 times in a row.
As per Popper's principle of falsification it isn't for us to prove the account is real but for Fxopen to do so, since they control their servers and can upload anything they want to myfxbook.com
What gives the system away as a fabrication is the 96 winners out of 97. I myself manage about 41 winners out of 45 on stocktwits.com and thus know that FXopen's claim is not true. Nobody can have 96 winning trades closed out of 97, it would be like winning the lottery 10 times in a row.
As per Popper's principle of falsification it isn't for us to prove the account is real but for Fxopen to do so, since they control their servers and can upload anything they want to myfxbook.com
Member Since Apr 25, 2010
7 posts
Sep 17, 2010 at 01:19
the above comment is a very possible scenario and i would not put it past some brokers.
However looking at the results they do seem possible but far from sustainable, targeting 10 pips and having a stop loss of 150 pips could very well do an account wonders for a couple months until at some stage price moves greatly against him triggering his 150 pips stop thus he re-enters with a larger position size out with the intent of making back his 150 pips loss which only moves against him further resulting in margin call, he closes 1 trade at a loss to give the impression he knows how to cut losses when in fact if you look at his history it becomes quite clear his just waiting out till the trades returns in his favour, seems the more likely scenario to me personally.
regards, lee
However looking at the results they do seem possible but far from sustainable, targeting 10 pips and having a stop loss of 150 pips could very well do an account wonders for a couple months until at some stage price moves greatly against him triggering his 150 pips stop thus he re-enters with a larger position size out with the intent of making back his 150 pips loss which only moves against him further resulting in margin call, he closes 1 trade at a loss to give the impression he knows how to cut losses when in fact if you look at his history it becomes quite clear his just waiting out till the trades returns in his favour, seems the more likely scenario to me personally.
regards, lee
Member Since Aug 20, 2009
216 posts
Sep 27, 2010 at 07:20
(edited Sep 27, 2010 at 07:36)
LJBfinancial posted:
the above comment is a very possible scenario and i would not put it past some brokers.
However looking at the results they do seem possible but far from sustainable, targeting 10 pips and having a stop loss of 150 pips could very well do an account wonders for a couple months until at some stage price moves greatly against him triggering his 150 pips stop thus he re-enters with a larger position size out with the intent of making back his 150 pips loss which only moves against him further resulting in margin call, he closes 1 trade at a loss to give the impression he knows how to cut losses when in fact if you look at his history it becomes quite clear his just waiting out till the trades returns in his favour, seems the more likely scenario to me personally.
regards, lee
I agree with you that this could most likely be the case especially in a trending market. For example take the Euro tanking from 1.50 to 1.18, if you executed 1000 short trades and stayed short with no stop-loss , no matter what the draw-down it would eventually be a winning trade. No skill was needed, just the knowledge that the Germans were naive enough to go in monetary union with Greece and would remain shell shocked for a few months as the realization dawns on them that they will have bail out French banks who have exposure of $300bil . Going into union with Greece is like imagine South-Africa and Zimbabwe uses the same currency but Mugabe is allowed to stay in control.
The euro zone went through a denial phase, then the 'but, but we aren't responsible blah.blah...phase' and finally we have the acceptance stage where the dear Germans now realize that if they don't want to have the world economy to collapse they are going to have pay for their folly.
Dubai's oil rich neighbor tried to pull the same stunt saying that it is Dubai's problem with debt, then the Dow tanked, the oil prices started to crash. They very soon figured out that if Dubai implodes, stock market implodes, oil price implodes, thus had no choice but to pay, pay and pay again. The only alternative is an oil price at $30.
A simple ratio i have called pip gain : draw-down would show whether excessive draw-downs were incurred as per this thread
https://groups.google.com/group/futures-trading/browse_frm/thread/feaf8edc016b8a0a
Sep 29, 2010 at 14:05
forex_trader_16715
Member Since Aug 14, 2010
219 posts
Oct 05, 2010 at 10:27
(edited Oct 05, 2010 at 10:35)
The owner of this account also contacted me today (7 hours ago) asking about ' FXOPEN' as I have closed my account with them and moved on.
He asked if I had any problems withdrawing my funds from them. Why would he ask after knowing for himself, right? He made a withdraw on Sept24th,2010
Sounds fishy to me. But make your own decisions.
'''Hello,
I apologize in advance for pming you, but I am very interested in your thoughts/opinions of FXOPEN?
I use them as well and ______havent____(lie) made many withdrawls and I am wondering if you have had any problems with regard to withdrawing from them?
I have read so much bad press about them, but you have to be careful what you read on the net, so I would greatly appreciate your input and feedback, if you dont mind.
Thank you for your time, and again, I apologize for pming.....
Have a good night.
Thanks,
Bill''''
He states he hasn't made any withdraws, but check his stats, and you can clearly see that he made a withdraw before PM me.
He asked if I had any problems withdrawing my funds from them. Why would he ask after knowing for himself, right? He made a withdraw on Sept24th,2010
Sounds fishy to me. But make your own decisions.
'''Hello,
I apologize in advance for pming you, but I am very interested in your thoughts/opinions of FXOPEN?
I use them as well and ______havent____(lie) made many withdrawls and I am wondering if you have had any problems with regard to withdrawing from them?
I have read so much bad press about them, but you have to be careful what you read on the net, so I would greatly appreciate your input and feedback, if you dont mind.
Thank you for your time, and again, I apologize for pming.....
Have a good night.
Thanks,
Bill''''
He states he hasn't made any withdraws, but check his stats, and you can clearly see that he made a withdraw before PM me.
Member Since Oct 28, 2009
1435 posts
Oct 05, 2010 at 10:40
Hi Will,
I'm not sure if FXOpen allow internal transfers, but I think they do.
I seem to remember that Bill set up an EA version test of his manual trading system and tried it for a few days.
That withdrawal and deposit could be the money being shifted over to that account and back again once he ceased his test.
I'm not sure if FXOpen allow internal transfers, but I think they do.
I seem to remember that Bill set up an EA version test of his manual trading system and tried it for a few days.
That withdrawal and deposit could be the money being shifted over to that account and back again once he ceased his test.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Feb 16, 2010
1332 posts
Oct 05, 2010 at 11:23
That WD is exactly a transfer to another account.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Oct 05, 2010 at 12:05
It was an internal transfer. And if you notice in my PM to you, I said 'MANY' withdrawls. Many does not mean none.....
It was a legitimate question and I appreciated your response to me.
Steve and SOLAR are exactly right, I tested an EA version of my manual system...Withdrew the funds internally to another account with FX OPEN and then didnt like my test, so re-deposited it back into my regular account.
It was just a simple question to another member who used FX Open and was interested in feedback of them.
I apologize.
It was a legitimate question and I appreciated your response to me.
Steve and SOLAR are exactly right, I tested an EA version of my manual system...Withdrew the funds internally to another account with FX OPEN and then didnt like my test, so re-deposited it back into my regular account.
It was just a simple question to another member who used FX Open and was interested in feedback of them.
I apologize.
"To have more money in the account this Friday than we did last Friday"
Member Since Aug 21, 2010
22 posts
Oct 05, 2010 at 23:11
lets see how your trade goes today. I'm keeping an eye on your recent position opened. Goodluck. I don't have an account yet, I'm still demo trading and still looking for an EMTYR
Member Since Aug 21, 2010
22 posts
Oct 06, 2010 at 07:31
kept an eye. One of your TP just triggered. Waiting for the other one. Goodluck
forex_trader_16715
Member Since Aug 14, 2010
219 posts
Oct 21, 2010 at 21:54
BillP posted:
It was just a simple question to another member who used FX Open and was interested in feedback of them.
Please accept my apology Bill.
The issue that I experienced from Fxopen is the following:
I did a wiretransfer, credit card and Alertpay deposit.
I wanted to withdraw everything and send the $ to my Alertpay account( Sub Currency Accounts). Unfortunately, they would not allow this. I had to withdraw an equal amount of the deposit source. Therefore, I had to do 3 withdraws. wire/moneybookers/alertpay. More fees, longer wait, and a hassle. I had to withdraw the profits by Wire.
The headache was from the fact that they would continue to deny my withdraw after several attempts without explaining why. I had to email them to find out the issue and this is when they mentioned I had to withdraw the = amount from the deposit source.
To avoid this headache, just use 1 source. via Wire. I hope this helps. GoodLuck with Fxopen.
