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  • #16
    Originally posted by reinerh View Post

    fx4,

    are you working for simpletrader ??

    quite a few of the above mentioned suggestions i also suggested but was shot down on every one of them.

    i got the feeling/impression that the signal end was no longer a pursued business. i find this really sad since the copier etc works very well.

    it sure be nice for some improvements to be implemented, maybe you can enlighten us all what you are working on.
    It's on the table. However, if the business model doesn't make money I wouldn't be able to allocate the time or resources into this project. As of right now, this could be the end of simpletrader

    Comment


    • #17
      Originally posted by HedgeBitcoin View Post

      About 100 active subscribers 10 days ago. I am sure it's a lot less after these few weeks considering the amount of losses on some of the longest running systems on SimpleTrader.
      $1500 in revenue minus the server costs and a support team. There are some traders using the Private Trade Copier too ( about 40 subs), maybe fxviper still use this software.

      As you mentioned, the Trading room has been the main focus because its not performance based and if your content is good the subscriber will stick around through their journey of becoming a trader.
      Not surprising. Where did you get this info? Are you looking at purchasing simpletrader?

      Comment


      • #18
        Originally posted by HedgeBitcoin View Post

        About 100 active subscribers 10 days ago. I am sure it's a lot less after these few weeks considering the amount of losses on some of the longest running systems on SimpleTrader.
        $1500 in revenue minus the server costs and a support team. There are some traders using the Private Trade Copier too ( about 40 subs), maybe fxviper still use this software.

        As you mentioned, the Trading room has been the main focus because its not performance based and if your content is good the subscriber will stick around through their journey of becoming a trader.

        Here are the signal subscribers for the Top 15 ranked signals on the Market Place.
        As you stated, there is private trade copier usage, and it actually accounts for many more fee-paying subscribers. This number is private.
        I hope they publish this subscriber count on the Market Place listing soon.
        Scrptx portfolio 2
        Safe Aussie Profit 11
        FxSpartans 40
        TickmillLN 11
        Momentum Capture 4
        MHD 7
        Newage Standart 2
        NightProfit ICMarkets 3
        Dynamic Trading 3
        SFE Price Action 0
        Rettangolo by FN 2
        OUTSIDE THE BOX 14
        GoldenKiwi 3
        EURCAD Expert 19
        FX4Charlie 10

        Comment


        • #19
          Originally posted by Tradersmurf View Post

          Not surprising. Where did you get this info? Are you looking at purchasing simpletrader?
          Nick reached out to me with an offer. I was considering it but the overhead is quite expensive and I don't expect any growth with the current suggestions we've talked about so far.

          Comment


          • #20
            Originally posted by OutsideTheBoxHK View Post


            Here are the signal subscribers for the Top 15 ranked signals on the Market Place.
            As you stated, there is private trade copier usage, and it actually accounts for many more fee-paying subscribers. This number is private.
            I hope they publish this subscriber count on the Market Place listing soon.
            Scrptx portfolio 2
            Safe Aussie Profit 11
            FxSpartans 40
            TickmillLN 11
            Momentum Capture 4
            MHD 7
            Newage Standart 2
            NightProfit ICMarkets 3
            Dynamic Trading 3
            SFE Price Action 0
            Rettangolo by FN 2
            OUTSIDE THE BOX 14
            GoldenKiwi 3
            EURCAD Expert 19
            FX4Charlie 10
            Where did you get this compiled data?

            The private trade copier doesn't have many subs, This info is from Nick
            Personal Copier $664.50 (revenue)
            The managed hosting actually accounts for the majority of the revenue but it also comes with an expensive hosted server cost almost equal to the revenue.

            Comment


            • #21
              All you really need are profitable signals and some cosmetic changes. Money will find you. There were lots of followers when Viper was doing good and he wasn't even a good trader. Once you have good quality signals you'll see much improved community here as well because right now I fear good traders don't even want to get involved.

              Without good signals nothing will work. You can get away with poor ones for a while by trying to get some kind of commission but as we can see that's not a good long term solution.

              Looking at FX4Charlie subscriptions, if this is accurate then either he did not get those promised 18 subscribers or some of them already left because they saw 3 losing trades in a row or something. But it's a good signal with more potential. Sadly lots of retail investors just want to see profits day in day out regardless of what equity looks like.

              Comment


              • #22
                Originally posted by primi
                Sadly lots of retail investors just want to see profits day in day out regardless of what equity looks like.
                I totally agree. Over the years I keep seeing new signal providers coming up with doomed-to-fail systems that only close trades that are in profit and let losers run, and yet they never run out of subscribers because of their nice-looking growth curves - until they eventually go bust like all of them do.

                On the other hand, the official account for SFE Price Action has made over 500% running on low risk over the last 3 years, and yet there is zero21DBE3E9-C555-4BAB-96D9-5732EECDB3A3.jpeg
                Last edited by ccjhuang; 08-16-2018, 10:40 AM.

                Comment


                • #23
                  Jimmy there are 0 subscribers because you cannot subscribe if you recall Joel found it too difficult to setup.
                  So I think you setup the autolot high risk as a result.

                  Comment


                  • #24
                    Oh I forgot about that...thanks for reminding me!


                    Well I think my point is still valid because I only have 5 subscribers now in total for the High Risk signal and my Personal account, so most people have given up on SFE PA as far as I can see. Maybe I will have more subscribers once we hit another new high but I am not sure if they will be prepared for the next DD period that would eventually follow.

                    Comment


                    • #25
                      You all have valid points.
                      1. We need successful traders that don't use gridding or any aggressive lotsizing to make a profit
                      2. Most investors/subs don't want to pay a monthly fee when systems go through stagnation even if long term profits are likely

                      How to get more successful traders on this platform?

                      Comment


                      • #26
                        SFE isn't that great of a system in 2018 . It literally had 2 good trading cycles this entire year. at 1.5% monthly and 16% DD, I see why people are not interested. i also see that having the system for for sale and at myfxbook autotrade diminishes any reason to pay for signals.
                        Screen Shot 2018-08-16 at 6.14.32 PM.png

                        I also believe that a good trader will skip the signal industry and manage accounts since more money is usually made ( if you make money by trading). I've read a few of these other traders talking about darwinex and how they simply manage money on that platform.

                        Comment


                        • #27
                          Originally posted by HedgeBitcoin View Post
                          You all have valid points.
                          1. We need successful traders that don't use gridding or any aggressive lotsizing to make a profit
                          2. Most investors/subs don't want to pay a monthly fee when systems go through stagnation even if long term profits are likely

                          How to get more successful traders on this platform?
                          I think SFE Price Action MAM is still a good option for those that cannot afford to buy the EA outright.

                          I cannot predict the future but its maths based on statistics and probability would suggest that SFE PA should have another growth phase in the near future to offset the lack of growth for the last 12 months.

                          Of course there could be other better systems out there, but I am just happy to stick to what I know best.

                          Comment


                          • #28

                            Comment


                            • #29
                              Originally posted by OutsideTheBoxHK View Post


                              Here are the signal subscribers for the Top 15 ranked signals on the Market Place.
                              As you stated, there is private trade copier usage, and it actually accounts for many more fee-paying subscribers. This number is private.
                              I hope they publish this subscriber count on the Market Place listing soon.
                              GoldenKiwi 3
                              EURCAD Expert 19
                              FX4Charlie 10
                              There's your answer right there. One excellent manual trader with only 10 subs, and 2 scam accounts from C7 Traders with more than double combined.

                              Here are some of the other C7 Trader ones, they all trade the same grid, hide the drawdown and eventually blow up and get deleted from myfxbook. That is sadly the way to make money out of signals

                              Some previous (probably all deleted now) C7 Classics

                              low-risk-usdchf
                              Dilong
                              usd cad scalper

                              Here was the original discussion for anyone interested

                              https://www.forexsignals.com/forum/f...6256-c7traders
                              Last edited by Westie; 08-16-2018, 02:36 PM.

                              Comment


                              • #30
                                His darwin was stopped, I don't have an answer yet why.

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