$$$ Manager (Od fxveteran)
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$$$ Manager Diskusia
Členom od Mar 07, 2010
257 príspevkov
Apr 18, 2010 at 03:40
(upravené Apr 18, 2010 at 03:40)
guys I think it might be true ... the fxbook shows 8:1 reward to risk on GBPUSD so he might be gunning for SUPER HIGH REWARD TO RISK and piramiding on top of that ... which is the reverse of 99% strategies here eg: martingaling on a loss ... he might be maritgaling on a win ...
With the initial order of 5% risk he might loose a couple trades but if he syncs to 5M market rythm it's doable... you can catch a ride and add on every additional move .... 8:1 8x5% risk = 40% ...
different theory:
it might be he uses higher risk closer to 30%
8x30%=240%
also if you have real time data about the volumes you might be able to catch the ride with a few pip stop loss ... check the virus system on FF ... the guy there uses oanda and 1-2 pip SL for 20-50 or even 100 pip rides ...
it's doable as long as you can SEE the real volume which makes the price 'gap' on 1M or 5M ...
With the initial order of 5% risk he might loose a couple trades but if he syncs to 5M market rythm it's doable... you can catch a ride and add on every additional move .... 8:1 8x5% risk = 40% ...
different theory:
it might be he uses higher risk closer to 30%
8x30%=240%
also if you have real time data about the volumes you might be able to catch the ride with a few pip stop loss ... check the virus system on FF ... the guy there uses oanda and 1-2 pip SL for 20-50 or even 100 pip rides ...
it's doable as long as you can SEE the real volume which makes the price 'gap' on 1M or 5M ...
Členom od Mar 07, 2010
257 príspevkov
Apr 18, 2010 at 03:46
(upravené Apr 18, 2010 at 03:48)
another question is which broker would allow to get **** like that ???
on another note he's a long term trader so he must be pyramiding (opposite of martingaling) for super expotential gain ...
ACCOUNT OWNER: ... where do we sign up LOL ????
I'm willing to gamble $300 like that ... after a few days if it's 50x then I'm willing to keep it going till 50K then
it's mandatory withdrawal ... of course we don't know how much the money manager would want his commision ???
on another note he's a long term trader so he must be pyramiding (opposite of martingaling) for super expotential gain ...
ACCOUNT OWNER: ... where do we sign up LOL ????
I'm willing to gamble $300 like that ... after a few days if it's 50x then I'm willing to keep it going till 50K then
it's mandatory withdrawal ... of course we don't know how much the money manager would want his commision ???
forex_trader_5776
Členom od Jan 17, 2010
140 príspevkov
Apr 18, 2010 at 04:01
duzyfx posted:
guys I think it might be true ... the fxbook shows 8:1 reward to risk on GBPUSD so he might be gunning for SUPER HIGH REWARD TO RISK and piramiding on top of that ... which is the reverse of 99% strategies here eg: martingaling on a loss ... he might be maritgaling on a win ...
sure if the market went up or down in a straight line you can do that but have you ever tried marxxxxxg in either direction.
Even if you are winning and keep adding sooner or later you're going to have so many positions and such small amount of room to move that one swing back and you're wiped out and that's what you'd need to do in order to get these results, push it to the max, you can be conservative but no way you're going to get these results. Evan with that strategy I don't see how the slow and zigzag price action since he started could have got you there.
dusyfx.
what long term ....the system just started 8 days ago.
I'd be willing to risk the money too but I just don't believe this is real - some kind of hoax.
If its too good to be true it probably isnt.
Členom od Mar 07, 2010
257 príspevkov
Apr 18, 2010 at 04:09
(upravené Apr 18, 2010 at 04:09)
ok, I agree it can be a hoax done this way:
1) open a $10 account and hide it (trade nano lots)
2) enter a 30% risk position on the TOP/BOTTOM
3) once TOP/BOTTOM 30% risk trade is confirm publish on fxbook
4) add more positions on dips/rallies in the direction of the new micro trend
since you mention the account started 8 days ago and GBP/USD is showing as 8 days being kept
and the equity is ~50% of the gain then he's still keeping his original trade(s) open
yes, the last few days was rangebound but still you could have entered on the top/bottom ...
if he can continue this account even with 10x less gain for the next few weeks then it'll show us whether it's doable or not
1) open a $10 account and hide it (trade nano lots)
2) enter a 30% risk position on the TOP/BOTTOM
3) once TOP/BOTTOM 30% risk trade is confirm publish on fxbook
4) add more positions on dips/rallies in the direction of the new micro trend
since you mention the account started 8 days ago and GBP/USD is showing as 8 days being kept
and the equity is ~50% of the gain then he's still keeping his original trade(s) open
yes, the last few days was rangebound but still you could have entered on the top/bottom ...
if he can continue this account even with 10x less gain for the next few weeks then it'll show us whether it's doable or not
Členom od Mar 07, 2010
257 príspevkov
Apr 18, 2010 at 04:15
(upravené Apr 18, 2010 at 04:20)
also don't forget this fraud ....
1) open 2x $10 accounts and hide it in fxbook
2) one account trades longs and the other shorts
3) the winning account gets published on fxbook
still time shows everything ... the account owner doesn't seem to be in a hurry so it might
show a positive sign ... of course there will be some trigger impulsive dudes that are probably ready to wire the money right now :)
however I will always have time for 50x gain (25x gain since equity is ~50%) in a few days/weeks/months ...
I should have many years of trading ahead of me to prove anything ...
1) open 2x $10 accounts and hide it in fxbook
2) one account trades longs and the other shorts
3) the winning account gets published on fxbook
still time shows everything ... the account owner doesn't seem to be in a hurry so it might
show a positive sign ... of course there will be some trigger impulsive dudes that are probably ready to wire the money right now :)
however I will always have time for 50x gain (25x gain since equity is ~50%) in a few days/weeks/months ...
I should have many years of trading ahead of me to prove anything ...
Členom od Feb 25, 2010
95 príspevkov
Apr 18, 2010 at 05:47
(upravené Apr 18, 2010 at 05:49)
No need to go through so much hassle, just edit the csv file in the experts/files folder prior upload by the myfxbook ea. Bang you're done.
The brokerages advocated are likely scam brokers. And when likely, it's a 95% likely.
I doubt he's going to bother updating any more from this point.
The brokerages advocated are likely scam brokers. And when likely, it's a 95% likely.
I doubt he's going to bother updating any more from this point.
Členom od Oct 28, 2009
1435 príspevkov
Apr 18, 2010 at 16:53
Guys, this account hasn't updated for days. I think we can assume that whatever was happening to generate such amazing returns was short term and has now stopped.
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.
forex_trader_5776
Členom od Jan 17, 2010
140 príspevkov
Apr 20, 2010 at 18:59
Have to agree with Steve
Most of us can probably show HUGE returns on a trade or two and especially with multiple accounts as duzyfx pointed out (maybe not as huge) but the key is consistency. I'll be the first one to say that large returns are possible consistently but not this large.
Most of us can probably show HUGE returns on a trade or two and especially with multiple accounts as duzyfx pointed out (maybe not as huge) but the key is consistency. I'll be the first one to say that large returns are possible consistently but not this large.
Členom od Feb 16, 2010
1332 príspevkov
Apr 23, 2010 at 22:04
robw135 posted:
Have to agree with Steve
Most of us can probably show HUGE returns on a trade or two and especially with multiple accounts as duzyfx pointed out (maybe not as huge) but the key is consistency. I'll be the first one to say that large returns are possible consistently but not this large.
Yes, the most important is not to win a battle or too but to win the war.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Členom od Nov 25, 2009
8 príspevkov
Apr 25, 2010 at 06:13
Where is the further performance?
Thank you and best regards.
Frankalde
Thank you and best regards.
Frankalde
fxveteran posted:
Clearpaper and other fellow traders, if you have any doubts, please wait a few days to see further performance. Any calculations or assumptions will not help. This is just theory. I really advise you to hold with your opinions. I am very confident in my system and will prove it works not for a day or two.
The only thing with the drawndown requires some attention: it zero, because there are no negative trades till now. If there are any negative trades, there will be some drawdown. I don't say there will be no negative trades at all later. Probably there will be some small ones. But till now all the trades were positive since the system is very precise.
The spread has no influence on the drawdown. It's not the equity, it's the margin change that matters. So the spread at the moment of opening the trades or even a trade is negative for some time, the drawdown is not created, only when a trade is closed.
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