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  • richardlivefrex
    replied
    Hi Nick,

    I think Silent Specialist is very much focused on big stop and support levels, so he opened trades at multiple level confidently. But I think when the trend run so strong with the bullish candle on 5m chart sticking with the bolinger band, we at least need to wait a sizable bearish candle produced ( it means the trending might start to fading) . We are hardly to see price fall straight away from a more than 5 bullish candles hinged on bolinger band ( 5m chart). Alternatively, we have to wait to see more than 3 candles move horizontally rather than continually up . I found Silent Specialist has good solution to exit but looks he don't mind too much about the entry point. If he take care the both , he'll achieve much better result even in the extreme market conditions like last night . I wish he'll be advised about this

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  • cris47
    replied
    Originally posted by dkoster77 View Post
    I hope you let it ride. You should let a provider work a bit before giving up. As of now my DD is less than 2% because I set my Risk/Multiplier at 10% of his trade. In my amatuer opinion this trade is working out just fine.

    Yes still in. When I've seen 62% DD I just switch off my PC and went for a walk. I've checked it again few min ago and we are almost at BE. I'll leave him do his business

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  • richardlivefrex
    replied
    highly agree

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  • pearcey2
    replied
    Originally posted by recint View Post
    hopefully these trades will close w/ profit. You have to think that SS will play a little more safe after this disaster.
    Originally posted by Nick View Post
    ...

    The stats are unbelievable, however a word of warning - It's extremely risky as he will risk a maximum 50% of account equity on a basket of trades. So this signal is not for the faint at heart. I recommend withdrawing the initial deposit once you have doubled your account to remove the risk and make the swings a little easier to stomach
    ...
    Sorry recint, but I disagree. This is not a low risk high reward strategy. If you find one let me know! I expect (and very much hope) SS doesn't change his strategy.
    Eventually this strategy will be stopped out for 50% DD and everyone following on full risk will lose half of their money. However before that happens, and after that happens, I expect we will make some large profits.

    If that doesn't sound like your cup of tea, maybe a lower risk setting would be better. Personally I'm on 0.7 risk and as my account grows (hopefully) I will reduce that to 0.2-0.4

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  • MQL100500
    replied
    here is the account balance at the current moment:

    still waiting for profit )
    Attached Files

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  • recint
    replied
    hopefully these trades will close w/ profit. You have to think that SS will play a little more safe after this disaster.

    Leave a comment:


  • dkoster77
    replied
    Originally posted by MQL100500 View Post
    it tells me my best indicator...



    I have $ 1,000 in my account...I put the risk at 0.5...maybe I will change by 0.4...and about the rules ... we have a saying: What Russian does not like to drive fast? ))) so guys keep this in mind!! ))
    Good idea MQL. I am taking it a bit slower. I believe SS will deliver the goods whether you want it fast of slow. I am going to keep my risk at .2 to .3 until I can start playing with OPM (other peoples money.)

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  • MQL100500
    replied
    Originally posted by Waleed121 View Post
    Is that what your statistics are saying...
    it tells me my best indicator...

    Originally posted by dkoster77 View Post
    US residents don't have to gamble as long as they properly manage the risk multiplier. On a $1K account I would set mine to 0.1 or 0.2. That helps me sleep well at night. Good luck & safe trading to all and may the pip spirits protect the Silent Specialist.
    I have $ 1,000 in my account...I put the risk at 0.5...maybe I will change by 0.4...and about the rules ... we have a saying: What Russian does not like to drive fast? ))) so guys keep this in mind!! ))
    Last edited by MQL100500; 10-18-2013, 02:06 AM.

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  • dkoster77
    replied
    Originally posted by cris47 View Post
    Just joined this week. Cannot believe how much bad luck I have. Joined exactly in that week with the DD. Half of my account gone
    I hope you let it ride. You should let a provider work a bit before giving up. As of now my DD is less than 2% because I set my Risk/Multiplier at 10% of his trade. In my amatuer opinion this trade is working out just fine.

    Leave a comment:


  • dkoster77
    replied
    Originally posted by robertfx View Post
    for usa traders looking for an ECN broker w/500:1 lev and .01 std lot min that also accepts usa residents, try Trader's Way Trader's Way offers a wide range of opportunities for Forex and CFD trading. - Trader's Way they are in Dominica
    Dominica, officially the Commonwealth of Dominica, is an island nation in the Lesser Antilles region of the Caribbean Sea, south-southeast of Guadeloupe and northwest of Martinique.
    i will be gambling 1k on this guy - capital i can afford to lose. good luck to all
    US residents don't have to gamble as long as they properly manage the risk multiplier. On a $1K account I would set mine to .1 or .2. That helps me sleep well at night. Good luck & safe trading to all and may the pip spirits protect the Silent Specialist.
    Last edited by dkoster77; 10-18-2013, 12:04 AM.

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  • ColdHypno
    replied
    I cut my trades and am glad I did, I still believe in this signal, but want to make sure that I live to fight another day.

    Things that I will be doing are:

    1. Making sure that this is the only signal on the account on which it is running.
    2. Input a max DD of 51% into the ST control panel.

    I have no doubt in my mind that SS will be able to recover the loss on my account in no time at all.

    Leave a comment:


  • Nick
    replied
    Originally posted by Kenji View Post
    Hey Nick, can explain what you mean by the above?

    On another note, I was thinking whether it would be better for signal provider SS to inform the forum of his trade intention when his own rules are broken. Much of the anxiety and unhappiness of some is when rules are not followed.....perhaps with good intention but when there is no communication, it is a problem. He can come to the forum to broadcast his intention to hold the trades and give his reasons and advise those who wish to disconnect the signal and close the postion, to do so. He can also say that he will not reply to his broadcast as he is busy monitoring the trade, but at least bring everyone up to speed with his strategy.

    Loose change is still money. I do not see forex as gambling, as gambling is guesswork at best and at worst, pure luck.
    Yes I agree that we would all like feedback if Silent Specialist is thinking about exceeding the 50% mark.

    I will try and get him to notify me so I can pass on the information should it happen again.

    Leave a comment:


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

    {cut}

    We're not all going to become millionaires with this signal. Even if his streak continues the market is not deep enough for thousands of people trading dozens of lots at a time on cross pairs.
    Hey Nick, can explain what you mean by the above?

    On another note, I was thinking whether it would be better for signal provider SS to inform the forum of his trade intention when his own rules are broken. Much of the anxiety and unhappiness of some is when rules are not followed.....perhaps with good intention but when there is no communication, it is a problem. He can come to the forum to broadcast his intention to hold the trades and give his reasons and advise those who wish to disconnect the signal and close the postion, to do so. He can also say that he will not reply to his broadcast as he is busy monitoring the trade, but at least bring everyone up to speed with his strategy.

    Loose change is still money. I do not see forex as gambling, as gambling is guesswork at best and at worst, pure luck.

    Leave a comment:


  • winwin
    replied
    I agreed with Nick and others that we all should let Silent Specialist to do his trading. Today NZDUSD was above daily R5 (0.84985), lucky to see him NOT cutting trades there... Cheers!

    Leave a comment:


  • Imran222
    replied
    .... Just Reminder: RBA speech in another 2 hours this morning Guys *might be interesting for the Kiwis here ...

    Leave a comment:

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