OK, what am I missing?

[Westie]

Hey!

I have been analyzing forex signal services for quite a time, mostly, focusing on MQl5 platfrom and signals found there.
With regards to the inital question asked, my take about this can be found here: https://fxsumo.wordpress.com/choosin...gnal-provider/

Besides providing educational materials, on monthly basis I do analyze most-subscribed MQl5 trading signals from investors' perspective -> these articles clearly show things that I evaluate when analyzing potential targets for investments: https://fxsumo.wordpress.com/blog/

Finally, I have created a Telegram group, in which MQL5 trading signals on daily basis are analyzed by more than 300 individuals: https://t.me/joinchat/Hpt7gUyosD5JZw-BFsVN3g
I would be more than welcome to have You there and discuss ways of analyzing forex signal services and their past performance!

Best of luck!
Sandos

What you need is a ban buddy. 1 Post and already selling your ponzi scheme.

[nwboater]

"It doesn't really matter what I think" is because ONCE AGAIN I only want to focus (and not get distracted on trivial inflammatory matters) on serving my clients where it matters the most: the bottom line profit.
I apologize that I might not have communicated the idea well.

Thank you for the apology.

[OutsideTheBoxHK]

You misquoted him. His response was "It really doesn't matter." And I'll say again that response was very dismissive and arrogant of my question..

Also I did not say anything that "twisted" his post. But you are doing your own interpretations of what you think "He really is just saying".

"It doesn't really matter what I think" is because ONCE AGAIN I only want to focus (and not get distracted on trivial inflammatory matters) on serving my clients where it matters the most: the bottom line profit.
I apologize that I might not have communicated the idea well.
What I think doesn't really matter. There is a lot of talk that happens with people in forex -- both investors and traders.
And what I have seen over the years is that the emotion is far too high, and things are said online that almost nobody would say in the same way in person.
People don't take time to fully express themselves politely and well, people get frustrated, people get afraid, and people feel betrayed.

Traders must concentrate and focus on how to trade in a multiplicity of ways, how to protect capital, and how to squeeze as much profit with as little risk as possible.

[nwboater]

nwboater - I think you misinterpreted what was said and deserve OTB an apology. You said:

'Do you consider everyone who has reservations about you or your system to be a "Troll"?

and OTB responded with 'It doesn't matter what I think' - I believe he was just saying to look at the facts, that there have been troubles/frauds/bad practices but not everyone is a fraud/does bad practices. He really is just saying that there was a lot of negativity and he has persevered even in the face of doubt. You took his response and twisted it badly.

Regards,

Mark

You misquoted him. His response was "It really doesn't matter." And I'll say again that response was very dismissive and arrogant of my question..

Also I did not say anything that "twisted" his post. But you are doing your own interpretations of what you think "He really is just saying".

[mwaschkowski]

nwboater - I think you misinterpreted what was said and deserve OTB an apology. You said:

'Do you consider everyone who has reservations about you or your system to be a "Troll"?

and OTB responded with 'It doesn't matter what I think' - I believe he was just saying to look at the facts, that there have been troubles/frauds/bad practices but not everyone is a fraud/does bad practices. He really is just saying that there was a lot of negativity and he has persevered even in the face of doubt. You took his response and twisted it badly.

Regards,

Mark

[nwboater]

It really doesn't matter. Nevertheless, those who are obviously not looking at all factors fairly but only over-emphasizing one or two factors or those who are not adept enough to truly assess the value of a trading performance track record.

I think you are being very dismissive and arrogant!

Dismissive and arrogant in saying my question doesn't matter!

Dismissive and arrogant in saying that anyone who questions anything about you or your system is a troll!

You have totally convinced me that I do not want to follow any of your systems.

Thank you.

[OutsideTheBoxHK]

Do you consider everyone who has reservations about you or your system to be a "Troll"?

It really doesn't matter. Nevertheless, those who are obviously not looking at all factors fairly but only over-emphasizing one or two factors or those who are not adept enough to truly assess the value of a trading performance track record.

[nwboater]

[COLOR=#800080]
I have had 100's of trolls here doubting me since last May 2017.

Do you consider everyone who has reservations about you or your system to be a "Troll"?

[OutsideTheBoxHK]

As you can see and read here, there are many trade copiers / investors who have been abused, jaded, scammed, betrayed, and let down by signal providers, and thus there is a general Loss Averse or Optimism Hesitancy that is clouding this whole platform.
And thus people have generally given up hope and have mostly stopped attempting to overcome the challenges that have defeated other traders and/or their strategies.

THESE PROBLEMS ARE NOT UN-CRACK-ABLE. The issues that "killed" or severely damaged the track records of the previously mentioned strategies I can count on one hand.

And just like today, I am still looking for the next issue that might de-rail me, especially not cutting losers after they have passed the 120 Maximum Adverse Excursion that I have pin-pointed on my graph of 1000 trades as the point past which my losers normally do not return to Favorable Outcomes. The other issue that could damage my growth is having too much exposure in a currency pair that has significant risks, such as GBPUSD right now with Brexit. Or USDJPY once the stock markets collapse very soon. So I choose to spend 6 hours a day reading the reasons why others have failed and researching how to avoid them, and sometimes why they have given up so I can at least sympathize with them in some helpful way.

I have had 100's of trolls here doubting me since last May 2017.
Nick himself doubted me.
Other signal providers ridiculed me at the beginning.
They boasted of their lofty positions.
And now they are gone.
And the trolls and their criticism have been refuted. Because I continue to make good gains for my subscribers and fund clients and DARWIN investors.
I have 243 subscribers (only 1 or 2 have switched to managed fund due to divergence) and 19 fund clients (who get perfect execution in block trades with my account).

Here you can read the average slippage / divergence / latency that would cause investors' profits to differ from those profits I have generated:
https://www.mql5.com/en/signals/3054...b=tab_slippage ---- mostly between 0 and 3 pips

And here you can read the average pip gain per trade
https://www.myfxbook.com/members/Out...ccount/2087437 ---- 10.2 pips per winner

[ccjhuang]

How about this link for SFE Price Action MAM at Blueberry Markets.

https://www.myfxbook.com/members/atractor/sfe-pa-mam-bb/2206391

Seems to be struggling for the last 12 months. Bounces off the 20% DD alot.

Somehow that account hasn't been updated since Nov 14, but there has been some gains this week on the official account: https://www.myfxbook.com/members/aut...action/1331484

It has been under-performing since July last year, but you need to look at the larger picture with this type of EA. It has't had a massive gain since June this year, so the next big gain should be due really soon, before the end of this year I believe.

[genki7]

How about this link for SFE Price Action MAM at Blueberry Markets.

https://www.myfxbook.com/members/atractor/sfe-pa-mam-bb/2206391

Seems to be struggling for the last 12 months. Bounces off the 20% DD alot.

[ccjhuang]

OK, I'm surprised by this to be honest. OTB - have the people that subscribed to your signals made money as shown from the historical records or not?

Thanks,

Mark

[mwaschkowski]

OK, I'm surprised by this to be honest. OTB - have the people that subscribed to your signals made money as shown from the historical records or not?

Thanks,

Mark

UNDERSTANDING PROBABILITY

There are many advantages which traders simply ignore. They either dont know they are there or they know of their existence but dont think or understand that these are advantages which can give them an edge. In a sense trading successfully is nothing more than the conscious accumulation of advantages until the odds, probabilistically speaking, are weighted in your favour. Once one talks about probability, the issue of time is automatically introduced and this is a crucial insight which winners have. They understand that once they have swung the odds in their favour they must give them time to work. That is another reason why too short time frames are the wrong perspective for most traders.
Think about this for a moment. A common attitude found amongst winning traders is how little they worry about what the market is going to do next. Thats right, they dont care. Why is that? Winning traders understand that anything can happen next. To think you know what will happen next is to fool yourself. But that is something entirely different from saying I have an idea, a view, on what the market will do in the longer run. If I couldnt say that with enough certainty to take positions confidently then trading would simply be gambling. There are people who believe this, that trading is a lottery, but I am not one of them. I believe that trading is more like gambling than most people would care to admit, but it is not gambling. Those traders who require certainty, or who say that they trade only when they are certain that this or that will happen do not understand what trading is about. You need to prepare yourself for any and every eventuality, but, smoothed out over a longer period of time, using all the advantages available to you, you will, based on the theory of probability make money. Whatever gives me an edge, I use.

Ed Thorpe and the Kelly Criterion Investment Strategy solidified what I already had discovered on my own without even knowing what is was already called by some other successful traders. http://www.eecs.harvard.edu/cs286r/courses/fall12/papers/Thorpe_KellyCriterion2007.pdf

[genki7]

Like Westie said, I agree and have had the same experience.

Myfxbook and Simple trader results can be manipulated. So hard to trust.

The saying risk only money you are prepared to lose, is the best advice. As you will likely lose it on a signal.

Good luck if you choose to follow a signal. Because you will need it.

[OutsideTheBoxHK]

In my experience, the vast majority of the signals trade with unsafe money management of some description. They will do well for months, weeks, or even years and then have a huge loss (and likely blow the entire account up) in a very short space of time - weeks or months probably.

A lot of times there are warning signs - huge open drawdown followed by a magical recovery (ie they were lucky this time).

It's often not easy to see this happen. The MyFxBook and SimpleTrader charts don't make it obvious. For example, if you hold 10 positions, all offside for 75% of your account - this will not show in the charts history. If you close or open any trades at this point, the drawdown will get reported on the charts - and your chart will now look like crap, and you will have no investors.

So what happens is, you sit on the open positions and hope for the best, maybe you get back to 10% drawdown or some such, at this point you can close those positions and all that gets shown on the chart is a pretty minor 10% drawdown - looks good for investors.

Anyway, good luck.

UNDERSTANDING PROBABILITY

There are many advantages which traders simply ignore. They either dont know they are there or they know of their existence but dont think or understand that these are advantages which can give them an edge. In a sense trading successfully is nothing more than the conscious accumulation of advantages until the odds, probabilistically speaking, are weighted in your favour. Once one talks about probability, the issue of time is automatically introduced and this is a crucial insight which winners have. They understand that once they have swung the odds in their favour they must give them time to work. That is another reason why too short time frames are the wrong perspective for most traders.
Think about this for a moment. A common attitude found amongst winning traders is how little they worry about what the market is going to do next. Thats right, they dont care. Why is that? Winning traders understand that anything can happen next. To think you know what will happen next is to fool yourself. But that is something entirely different from saying I have an idea, a view, on what the market will do in the longer run. If I couldnt say that with enough certainty to take positions confidently then trading would simply be gambling. There are people who believe this, that trading is a lottery, but I am not one of them. I believe that trading is more like gambling than most people would care to admit, but it is not gambling. Those traders who require certainty, or who say that they trade only when they are certain that this or that will happen do not understand what trading is about. You need to prepare yourself for any and every eventuality, but, smoothed out over a longer period of time, using all the advantages available to you, you will, based on the theory of probability make money. Whatever gives me an edge, I use.

Ed Thorpe and the Kelly Criterion Investment Strategy solidified what I already had discovered on my own without even knowing what is was already called by some other successful traders. http://www.eecs.harvard.edu/cs286r/courses/fall12/papers/Thorpe_KellyCriterion2007.pdf