No announcement yet.

Silent Specialist

  • Filter
  • Time
  • Show
Clear All
new posts

  • #76
    From my newbie point of view, he is using support and resistance very accurately

    Sent from my GT-N7000 using Tapatalk


    • #77


      • #78
        Hi Waleed, I've 2 MT4's from IC Markets running on my laptop. Important is that you install the 2nd MT4 (new account) in another directory.


        • #79
          Well how would it be if i opened another IC Market MT4 from the desktop and login into a new account that way?


          • #80
            I think it will also work on your vps. Just be sure to install it in another directory.


            • #81
              I have questions since my broker does not provide 1:500 straight out of the box:

              1. Do you hold positions over the weekend?

              2. What is the maximum exposure you will have at any time (maximum total lots open at once)?

              thanks NC!


              • #82
                Hi Waleed,

                Yes, that's fine. You can run 2 copies of IC Markets MT4 on the SimpleTrader VPS without a problem.

                If you have problems just let us know.

                With that leverage you can also trade full risk if you're brave enough.
                Click here to check out the most popular forex channel on YouTube


                • #83
                  Waleed, if you wish I can help you in that, pm me if interested, since I guess our native language is the same

                  Sent from my GT-N7000 using Tapatalk


                  • #84


                    • #85
                      Risk 1x means you can lose up to 40% of your account in drawdown and this is worst case scenario
                      2x means margin call for sure

                      Sent from my GT-N7000 using Tapatalk


                      • #86

                        I have the same broker and leverage as silent specialist but since yesterday i have a little bit of slippage(1-2 pips). Did anything happen? I didnt change anything.

                        btw good work and very impressive! Keep going


                        • #87
                          Originally posted by Okda View Post
                          Risk 1x means you can lose up to 40% of your account in drawdown and this is worst case scenario
                          2x means margin call for sure

                          Sent from my GT-N7000 using Tapatalk
                          40%? Thought it was 50%.


                          • #88
                            I was just wondering, what are the trader's plans when he reaches his goal of 500.000? (and lets all hope that he does!)

                            Will he stop, will he continue to grow his account to who knows what or will he restart with a couple of hundred dollars?

                            BTW, he makes it look so easy doesn't he?
                            Last edited by alex_kad; 10-15-2013, 04:29 PM.


                            • #89
                              Guys i have a plan for Silent that can work a lot better for followers

                              We all know this is risky and some people are thinking it might blow some day. Today i was thinking about an idea.

                              Follow Silent at 0.1 risk, meaning if he enters a 0.1 lot for a 1k account, followers get 0.01 lot.

                              This way, the maximum a follower can lose is 10%. And also your returns will be 10 times lesser than his returns. Still the numbers are awesome. Consider this as the following

                              Would you follow a trader who gives you more than 50% per month and the DD is assured less than or equal to 10%?

                              Its more than you can expect. Then it is silent. Go for it.

                              an example.

                              say follower A is following Silent with 1k at 0.1 risk.

                              Silent gives 700% in the first month (he actually did in the first month)

                              A will get 70% profit as he is taking 0.1% of risk. so the total will be 1700.

                              Next month Silent gets 500, now follower A's total capital is 1700+1350=3050.

                              Say next month Silent account blows, that means 100% loss (not wishing for, just taking as an example, dont think me wrong)

                              Follower gets only 10% loss, i.e 10% of 3050=305. So the total capital will be 2745. which is still a lot for a capital of 1k.

                              If you had followed at 1x and not withdrawn anything, you would have lost it all. including your investment 1k.

                              I know you can think why should we do all this why cant we just take 1x risk. You can do that, but can you do that with a 10k amount or bigger than that? Mind losing 10k or just 1k for a guy like silent? Decision is yours.

                              If you can go with 1x risk, this approach is not for you . Ignore this post.

                              am not sure if what i said makes any sense. Comments welcome.

                              And Silent, wishing you best of luck. Hope you will achieve your target sooner than expected and make all the followers happy and especially Nick.
                              Last edited by SmartTrader; 10-15-2013, 05:12 PM.
                              Trade the market, not the trader


                              • #90
                                This is my plan but after my 5k$ account increase to 145k$ ;-)

                                Sent from my GT-N7000 using Tapatalk