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Silent Specialist

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  • Originally posted by gsmontel View Post
    The objective of Silent Specialist is 500K ....
    I'm not putting this trader down, as im looking to follow him, but somewhere down the line you will lose 50%, and will need to start from scratch, so if your on $50,000 you may jump down back to $25,000

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    • Originally posted by Waleed121 View Post
      I'm not putting this trader down, as im looking to follow him, but somewhere down the line you will lose 50%, and will need to start from scratch, so if your on $50,000 you may jump down back to $25,000
      True, or even worse. There is a reason why this trader starts with such a small account! Majority investors lose money. Is this time different? Just be careful.

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        • Originally posted by pinky View Post
          True, or even worse. There is a reason why this trader starts with such a small account! Majority investors lose money. Is this time different? Just be careful.
          Exactly, you could lose all, only takes 2 loses to tango! and be wipped out. But still worth the risk with his stats.

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          • if you worry about big loss, you can regularly withdraw the profit and keep the account with certain amount to run.

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            • 2 losses will not wipe the account.

              - Imagine 10k account
              - First loss of 50% = 5k
              - He now has 5k - so his next trade is 50% of 5k = 2.5k
              - He now has 2.5k - next trade is is 50% of 2.5k = 1.25k
              - He now has 1.25k

              Etc etc

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              • Today there no trades. I think he has stopped trading as seen from Alpari Pamm and also at mq4.

                Please reply

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                • Anyone can confirm that this strategy does not hold positions during weekend?

                  Thanks

                  nc!

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                  • Originally posted by liverr55 View Post
                    Today there no trades. I think he has stopped trading as seen from Alpari Pamm and also at mq4.

                    Please reply
                    He has traded today - he just closed a basket of trades for a nice profit.

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                    • Originally posted by WillT View Post
                      2 losses will not wipe the account.

                      - Imagine 10k account
                      - First loss of 50% = 5k
                      - He now has 5k - so his next trade is 50% of 5k = 2.5k
                      - He now has 2.5k - next trade is is 50% of 2.5k = 1.25k
                      - He now has 1.25k

                      Etc etc
                      Woops, thanks for the correction.... Last traded 15/10?

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                      • Grea great .... @Dimitri / SS , thanks again ! (EURCAD)

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                        • Why is Silent Specialist starting from small amount again? Is it his present account has been hit by double whammy DD and it does not look good anymore?

                          I'm just guessing so I ask. Also, I find it somewhat disturbing that Silent Specialist or someone accountable is not holding fort in this thread to answer, explain and promote the signal.

                          It is as if it is leaving to other members to fan the system or thumb it down and he's not bothered at all. As if the system speaks for itself but we all know results alone will never explain how the trade strategy is, and knowing the strategy will mean we can make a better decision to join, or else we're going in totally blind, and just getting emotional and lusting on the good results shown.

                          One thing I like to clear my mind is whether this system depends more on luck than mathematics.

                          Sorry I am candid, but I'm really very interested. In God we trust. For everyone else, it's cash on delivery.

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                          • SS is part of this thread but he has been trading. There are so many posts in the last 12 hours that he simply hasn't had a chance to reply yet.

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                            • Missed the 6 trades executed today somehow. Slippage is set to 3 pips still so I don't know what happened there. Nice basket, kind of a bummer!

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                              • Hi Kenji,
                                this was cut paste from him :

                                Its the grid strategy. Even not a strategy, the way of trading. I analyse D1 and H4 periods to know where up or down the prise is going to move.

                                I do the analisys with support/resistance levels, trend lines, prise action patterns, some indicators.its high risky but hign profitable strategy!

                                Dont invest money that you cant afford to lose! Everything can happen.

                                Then i go to M15, M5, M1 period. There i try to catch the extremum points with the help of divergence, some of the figures and some indicators.

                                ------
                                *You look at his myfxbook history too, not to forget. Here you are able to risk down your portofolio as well.
                                ------

                                I personally dont want him / SS to answers the thread (sometime he joins the trading room fyi), since he is doing the home work analysis before his trade or taking some beers after the trading. And I want him to bring only the profit for all of us ... GBU all !
                                Last edited by Imran222; 10-16-2013, 02:42 PM.

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