Pap Fund Mgmt Diskussion

excellent skills but a bit too much risk ,anyway goo luck

Thanks Rob, I don't really risk that much. I had made bad selection 1-2 times but now i am all about less but quality trades. I have a big list of clients copying my trades. Too bad Myfxbook autotrade rejected my application last week, accusing me of running 'grid' I explained i am ONLY trading manually, i gave them screenshots of my trades/chart analysis but still they didn't care. I am thinking they are afraid if i become autotrade, i will be on top 5 and all clients will be following me with 74% winning trades. They'd have to pay loads n loads of commission to me could run into millions, so they rather accept signal provider who are mediocre and generates less trades, so more commission goes to their pockets. Rob, Tgor, and everyone you have had bad traders on autotrade and they were removed when community complained reached staff ie ambushtrader is an example. Instead of censoring me, denying me opportunity while i met all their criteria for autotrade :
==============================
How can I become an AutoTrade provider?
If you're an experienced forex trader with a proven track record, you can offer your system to the Myfxbook enormous user base (over 90,000 and counting!) and earn as much as 0.5 pips per a winning trade - there is no upper limit!

What is a proven track record?
- A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.
- Drawdown of no more than 50%.
- Return of at least 10% and higher than drawdown.
- Average pip per trade (expectancy) of at least 3.
- Average trade time over 5 minutes.
- System must not use any martingale/grid techniques.
- An account balance of at least $1000 for the last 3 months of trading.
- At least 100 trades.
====================================================

I told them, i'd alter my trading & open only 3-4 trades if too many trades is a concern. So, they said ok re-apply in 3 month!!! which is unfair.

One month ago, i got laid off from my dayjob, i thought i'd make a career out of my trading skills by providing signals here, but i feel being wrong. I am just concerned, how i'll be able to support my family being sole bread winner. Market is a risky place, i've been grateful for this talent and doing all i can to survive.

I tried to applying for jobs at hedge funds but didnot get any respond back. I guess they don't take retail FX traders serious.

Anyways, that's my story. behind this profitable trader you see, there is hard work and challenging times.

Great! Keep profits going on!...

doodboy posted:
 I have a big list of clients copying my trades.

How do you prove that?

doodboy posted:
 Too bad Myfxbook autotrade rejected my application last week, accusing me of running 'grid' I explained i am ONLY trading manually,

 'grid' can trade by manually as well.

doodboy posted:
 I am thinking they are afraid if i become autotrade, i will be on top 5 and all clients will be following me with 74% winning trades. They'd have to pay loads n loads of commission to me could run into millions, so they rather accept signal provider who are mediocre and generates less trades, so more commission goes to their pockets.

Myfxbook pay you from brokers (com/spreads markup) not from their pocket. The more you earn the more they get. If you paid millions they would earn billions so why they are afraid of?

doodboy posted:
One month ago, i got laid off from my dayjob, i thought i'd make a career out of my trading skills by providing signals here, but i feel being wrong. I am just concerned, how i'll be able to support my family being sole bread winner. Market is a risky place, i've been grateful for this talent and doing all i can to survive.

Sorry to hear that but you can sell your signal on many website out there not only Myfxbook 😂

Doodboy, how do you recover so fast? I am amazed how do you do your profits trades in sequence? for NZDUSD trades all of them opened at the same time and price. Why don't you open one big lot instead of opening a number of trades at intervals?

ZKFXtrader posted:
Doodboy, how do you recover so fast? I am amazed how do you do your profits trades in sequence? for NZDUSD trades all of them opened at the same time and price. Why don't you open one big lot instead of opening a number of trades at intervals?

cause he shoots like a ak47 😀😀

scaling in gives him a tiny bit more room to wiggle, his 50 trades might span 20 pips where as 1 big lot trade would in the same scenrio be -10 pips at the same price point in time,

great going GB :D

Ziya, to answer your Question.

If i asked you to buy a dozen (12) eggs. Would you buy them at price of $1.00 per egg? costing you $12.

vs.

Buy 3 eggs at $1.00 (3.00) 2 eggs at $.90 (1.80) next 2 eggs at $.80 (1.60) next 5 eggs at $.50 (2.50) = $8.90

you saved yourself $3.10. when you buy at different price.

Scaling/in/out. Also if i see market not behaving according to my analysis, i can slowly take out positions one by one... if i have one big lot, taking partial lots out is lot of work.

I exactly know how many LOTS i am risking, when i am in market. So calculation goes on my head, how many pips needed to break even or how many pips will yield me what? Usually idea is to get in take profit get out. But if market goes against me,my goal is to defend my capital, break even n take a breather.

I am still a human, prone to make mistakes..

I'd like to manage like 100 accounts one day :p 10K each..

Thanks Guys

MYfxbook are not afraid of you being the best, they are a business who do not want reckless grid traders trading other peoples funds!!! (IT SHOWS HOW MUCH YOU KNOW - YOU ARE RUNNING GRID MANUAL OR NOT - AT LEAST MYFX KNOW WHAT THEY ARE TALKING ABOUT!)

They have the rules to filter out crap traders - you don't fit their criteria, thank god so many more people saved from huge losses. Your record was 8 days 40% DD and 65 lots open.The only reason it was not 100% was because Nick pulled the plug at 40%,

Grid trading works till it does not! You are not fit to trade others people money.

doodboy posted:
Thanks Rob, I don't really risk that much. I had made bad selection 1-2 times but now i am all about less but quality trades. I have a big list of clients copying my trades. Too bad Myfxbook autotrade rejected my application last week, accusing me of running 'grid' I explained i am ONLY trading manually, i gave them screenshots of my trades/chart analysis but still they didn't care. I am thinking they are afraid if i become autotrade, i will be on top 5 and all clients will be following me with 74% winning trades. They'd have to pay loads n loads of commission to me could run into millions, so they rather accept signal provider who are mediocre and generates less trades, so more commission goes to their pockets. Rob, Tgor, and everyone you have had bad traders on autotrade and they were removed when community complained reached staff ie ambushtrader is an example. Instead of censoring me, denying me opportunity while i met all their criteria for autotrade :
==============================
How can I become an AutoTrade provider?
If you're an experienced forex trader with a proven track record, you can offer your system to the Myfxbook enormous user base (over 90,000 and counting!) and earn as much as 0.5 pips per a winning trade - there is no upper limit!

What is a proven track record?
- A connected real and verified MetaTrader 4 account with Myfxbook with at least 3 months history.
- Drawdown of no more than 50%.
- Return of at least 10% and higher than drawdown.
- Average pip per trade (expectancy) of at least 3.
- Average trade time over 5 minutes.
- System must not use any martingale/grid techniques.
- An account balance of at least $1000 for the last 3 months of trading.
- At least 100 trades.
====================================================

I told them, i'd alter my trading & open only 3-4 trades if too many trades is a concern. So, they said ok re-apply in 3 month!!! which is unfair.

One month ago, i got laid off from my dayjob, i thought i'd make a career out of my trading skills by providing signals here, but i feel being wrong. I am just concerned, how i'll be able to support my family being sole bread winner. Market is a risky place, i've been grateful for this talent and doing all i can to survive.

I tried to applying for jobs at hedge funds but didnot get any respond back. I guess they don't take retail FX traders serious.

Anyways, that's my story. behind this profitable trader you see, there is hard work and challenging times.

Hedge finds are looking to take on low risk portfolio traders so you don't have a chance.

Nitetrader, i have 3 words for you. 'take a hike' and i dont mean CASH-RATE. You follow me around,stalk me and in end only to express your jealousy. Yes, as jeb said.. 'take a hike, PaL' 😁

myfxbook autotrade section looks at the closed price to know if it is a grid style,not the open price,so if you have many trades closed at the same price they won't accept you,they determine that you are using a grid whatever manual or automated .

1.31471 11.3 21.09
08.04.2016 15:53 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31367 1.31471 10.4 19.29
08.04.2016 15:52 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31380 1.31471 9.1 16.69
08.04.2016 15:55 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31387 1.31471 8.4 15.29
08.04.2016 16:09 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31245 1.31466 22.1 42.69
08.04.2016 16:09 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31259 1.31470 21.1 40.69
08.04.2016 15:59 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31295 1.31471 17.6 33.69
08.04.2016 15:59 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31312 1.31471 15.9 30.29
08.04.2016 15:51 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31338 1.31467 12.9 24.29
08.04.2016 15:51 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31353 1.31469 11.6 21.69
08.04.2016 15:51 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31358 1.31471 11.3 21.09
08.04.2016 15:51 08.04.2016 17:20 GBPUSD Buy 0.20 0.00000 0.00000 1.31358 1.31471

Rob559, is closing all trades at a 'certain price' a crime? what do they want, that i close them at delay? i don't get it. They need to look at performance and risk mgmt of a trader.

I paid my dues i traded hard for about 4 months now, i am still here not blown acct and continue to grow. I met all their terms of joining autotrade. Let the subscribers 'determine' if they want to join my signals or not. Why should staff deny me the opportunity to get on the board.

It's like going to job interview, having all the qualifications for the job, and not getting the job because hiring manager doesn't like the way i look.

Anyways, i have private auto trade copier(FxBlue) which i am using to give my clients service. My clients are pretty satisfied.

Regards,
GBFX

THere is no jealousy here- I have traded for decades. You can shout and carry on.I will keep informing people of who you are.

Good job Doodboy ;)

Elena Chopin

Nice returns but 65% drawdown too high and risky for my liking...

Yes Ozzie Matt, see how many times i went 65% in 4 months may be once... sometimes a traders fall into a deadly market where they have to play one out. So stats are not always polished and clean. If you see polished stats then you won't see killer returns like you see here. As the saying goes, high risk high returns :)

 Anyways, everyone is different, my copy signals clients are growing in numbers and are satisfied. That's all i care about for now..

best of luck.
GBFX

I will keep following for now and see what sort of longer term results you can achieve:) good luck. Is there a way for followers to follow at half risk? Are you on signalstart.com or connectforex.com? both would be more reliable copy options than fxblue. cheers

Ok, thanks for wishing me luck. Fxblue in my experience has been outstanding!! can't emphasize that enough. I believe everyone is using the same technology just different name.

 Signalstart funny site, they ask u for signal providers for $25 listing fee and they want 30% of subscription,which is super silly. Similarly MQL5 site 30% cut. ConnectForex if i am not mistaking has similar model. Meanwhile, private trade copier via FxBlue has been amazing thus far.

Lot of people are wanting to join me but they don't have sufficient capital (10K) in this volatile market, you need to have atleast 10K to attack markets. it's sad so many people are daily handing over their hard earn money to the market. Kids as young as in early 20s to late old retired folks. Market is super trickery business, gotta understand the psychology of your opponent to outclass them.

So i am here making my mark.


Regards,
GBFX

Nice work on GBPUSD. How can I join your MAM?