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  • Nick
    replied
    You will have noticed a couple of trades today from Silent Specialist.

    He is in the process of designing a trade management EA and these trades are to help him test the new system. I was initially concerned because I didn't want us to be his guinea pigs, however he assures me the trades are in line with his regular strategy.

    The trade management EA is designed to reduce risk by helping him avoid up coming news releases, moving stops to break even, cutting trades once a certain drawdown limit is reached and taking profit at a predefined profit level (in percentage terms).

    He'll be back to full time trading next week, I'll be sending an email out with your 60 day trial link on Monday.

    Leave a comment:


  • Okda
    replied
    It was free till several days ago when it was changed to 30$

    Sent from my GT-N7000 using Tapatalk

    Leave a comment:


  • copycat10
    replied
    Originally posted by HOPP View Post
    The small upfront fee can SS pay for us, he made truckloads of money on subscription fees on mql5
    What is the subscription fees on mql5 ?

    Leave a comment:


  • pinky
    replied
    Originally posted by Nick View Post
    He's told me that the pressure of having so many people following him badly effected his judgement and lead him to hold trades when he normally would have cut them.

    He is going to take a little bit of time off (possibly up to 2 weeks) while he evaluates his mistakes and gets himself ready to trade again.
    I don't think next time will be any different, he is clearly only capable of trading when he works for himself. Psychologically weak traders cannot change their habits and perception in two weeks time period, he will blow your accounts once again.

    Leave a comment:


  • Nick
    replied
    Originally posted by heinzthebird View Post
    Hello Nick,

    so what should we do now?
    Should we cancle the service till he will come back or do you stop the subscribtion from your side and turn it on again when trading activity will go ahead?
    My recuring payment will be released in 2 days... so we have to know how we can go on in this case.

    Thanks for your reply,
    cheers,
    Bird
    Yes, please cancel the subscription. I'll give you a new link via email when he starts again.

    If you've already paid please email us at support (at) simpletrader.net and we'll process the refund.

    Leave a comment:


  • HOPP
    replied
    Originally posted by Nick View Post
    Hey guys,

    What a rough night...

    This is just a quick post to let you know what's going on.

    I' spoke to Silent Specialist this morning about the debacle that was USDCAD. He's told me that the pressure of having so many people following him badly effected his judgement and lead him to hold trades when he normally would have cut them.

    He asked me to again pass on his apologies to all you guys for his poor decision making.

    He is going to take a little bit of time off (possibly up to 2 weeks) while he evaluates his mistakes and gets himself ready to trade again.

    Once he's ready he's said that we can offer 60 days access to his signals at no charge to him. We'll need to put a small up front fee in place to cover the cost of running the trade copier but it won't be significant.

    I'll be sending an email out today to everyone that has been connected explaining the situation.

    Thanks for your understanding.
    The small upfront fee can SS pay for us, he made truckloads of money on subscription fees on mql5

    Leave a comment:


  • elmer
    replied
    Hi Nick,
    I have already been charged by the subscription. Can I get a refund then?

    Sent from my SM-N9005 using Tapatalk

    Leave a comment:


  • heinzthebird
    replied
    Hello Nick,

    so what should we do now?
    Should we cancle the service till he will come back or do you stop the subscribtion from your side and turn it on again when trading activity will go ahead?
    My recuring payment will be released in 2 days... so we have to know how we can go on in this case.

    Thanks for your reply,
    cheers,
    Bird

    Leave a comment:


  • hs2013
    replied
    Hi Silent.

    Just waiting for you to turn my 60$ to something big. This was a wild card on a small account of mine. So hoping for something special here but I was aware of the risk and lost like everybody else.

    I have TA, Viper and Turtle on a bigger account. They have slow but steady growth and sound money management.

    All the best,

    Helgi

    Leave a comment:


  • Nick
    replied
    Hey guys,

    What a rough night...

    This is just a quick post to let you know what's going on.

    I' spoke to Silent Specialist this morning about the debacle that was USDCAD. He's told me that the pressure of having so many people following him badly effected his judgement and lead him to hold trades when he normally would have cut them.

    He asked me to again pass on his apologies to all you guys for his poor decision making.

    He is going to take a little bit of time off (possibly up to 2 weeks) while he evaluates his mistakes and gets himself ready to trade again.

    Once he's ready he's said that we can offer 60 days access to his signals at no charge to him. We'll need to put a small up front fee in place to cover the cost of running the trade copier but it won't be significant.

    I'll be sending an email out today to everyone that has been connected explaining the situation.

    Thanks for your understanding.

    Leave a comment:


  • alex_kad
    replied
    Nick,
    since the trader says that he will not trade for a couple of weeks, what should we do about our subscriptions? The free period is running out and the subscriptions will be paid automatically. Will you stop the auto-renewal until the trader starts (hopefully) to trade again? Shall we stop the signal ourselves?

    As far as the trader is concerned, I believe that if he kept the rule for 50% max DD he would - and he can - pull it off. During the months he was trading, he would double his account every two weeks. A 50% DD would only cost him about two weeks of trading. As long as he can more than double the account before the next DD, he can generate great profits. His history showed that he indeed was able to do that. That was the reason that I trusted him. I do believe that luck also played a part and he did not have a DD for two months but it cannot be all luck, trading like this for two months without DD, this is Forex! If and when he starts the signal again, I will be following, but this time I will set the max drawdown in the copier to 50% myself and I will also be keeping an eye on the trades.

    I really wish that he regroups, stick to his rules and do it all over again!

    Alex
    Last edited by alex_kad; 10-24-2013, 09:06 PM.

    Leave a comment:


  • Kenji
    replied
    Originally posted by Silentspec View Post
    Over the last week I've done a lot of mistakes
    I'm very sorry. I will not trade for a couple of weeks for sure. It was a very hard blow for me.
    Once again I apologize.
    Will you start another $168 again some time soon?

    Leave a comment:


  • Silentspec
    replied
    Over the last week I've done a lot of mistakes
    I'm very sorry. I will not trade for a couple of weeks for sure. It was a very hard blow for me.
    Once again I apologize.

    Leave a comment:


  • marek
    replied
    Nick,
    A very important issue here is with the max drawdown feature in the money management section. Is it there for a reason? I set the max drawdown to 85% knowing that SS exceeds his 50% on occasions. I understand this high risk strategy but the max drawdown feature is a great way to save your account - OR NOT = It didn't work. Could you please advise why my account is now demolished from $2221 to $15 . A bit more than the chosen 85%. I received 6 mc notifications from my broker ( I was asleep knowing my account wouldn't blow) which should never even have gotten close. This needs to be addressed urgently.

    Leave a comment:


  • shaunUK
    replied
    WTH is going on? Not only has he broken his DD rules, but Nick has removed him from the Simpletrader website. Is the signal now gone? Not recommended? A joke?

    Leave a comment:

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