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  • He is in a situation where he has not much to lose anymore . if he exits now , hundreds of subscribers will leave and his MyFxBook will look dreadful . Why then not gamble and hope that it will end up well .
    So be cautious here if you are heavily leveraged .

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    • Current DD is 49.12%, less than 50%. I don't see the reason that SS should close this trade. O.K., kidding... Folks, be prepared to hit 1.0400 - 1.0410 area, before the price may go down. If we can hold on at that line, I believe our victory is in sight. The trade is not over yet, we still have hope. BTW, DD is now -41.40%, a good sign

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      • -390 pips is unbelievable.

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        • Hold it hold it

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          • He isn't a trader, but a poker gambler- ALL IN!

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            • Originally posted by vinny View Post
              -390 pips is unbelievable.
              What are you expecting from a signal doing 8000%? Just wondering what peoples expectations are with a high risk strategy...

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              • 8000% profit
                5% drawdown
                5 minutes average trade time
                Free signal service
                Using someone else money

                Are those reasonable enough :-D

                Sent from my GT-N7000 using Tapatalk

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                • Originally posted by Okda View Post
                  8000% profit
                  5% drawdown
                  5 minutes average trade time
                  Free signal service
                  Using someone else money

                  Are those reasonable enough :-D

                  Sent from my GT-N7000 using Tapatalk
                  Yup - you have indeed put me in my place

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                  • Originally posted by Okda View Post
                    8000% profit
                    5% drawdown
                    5 minutes average trade time
                    Free signal service
                    Using someone else money

                    Are those reasonable enough :-D

                    Sent from my GT-N7000 using Tapatalk
                    Don't quite understand the rest except the first point: 8000% profit

                    Especially the last point about using someone else money. Were your points meant to be sarcastic or literally?

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                    • Yes he was sarcastic obviously.

                      Some people don't understand the meaning of high risk.

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                      • Originally posted by Kenji View Post
                        Don't quite understand the rest except the first point: 8000% profit

                        Especially the last point about using someone else money. Were your points meant to be sarcastic or literally?
                        He was being sarcastic

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                        • We have to draw a lesson from what we experienced last night . We all know we should stop to trade before a big news come out . I check up regularly but missed last night. I guess Demitry also missed - I don't believe he wants to trade with a strategy like suicide It should be a hard rule for every signal provider.

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                          • obviously i was being sarcastic

                            imagine a forex trading strategy that will give you 8000% profit with drawdonw being only 5%, trades duration is 5 minutes so no long holding trades, the signal itself is offered for free, and you are trading using someone else money so yo are not afraid to lose anything while all of the profit is yours, no such thing in real world

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                            • I know this is gamble money but I hope he doesnt blow up again on this basket, looks quite risky and DD is reaching 50%.. fingers crossed though

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                              • Originally posted by Okda View Post
                                obviously i was being sarcastic

                                imagine a forex trading strategy that will give you 8000% profit with drawdonw being only 5%, trades duration is 5 minutes so no long holding trades, the signal itself is offered for free, and you are trading using someone else money so yo are not afraid to lose anything while all of the profit is yours, no such thing in real world
                                LOL...I didn't catch that.

                                For myself, I actually wanted very much to participate initially because I can take the risk.
                                However, I pull backed from joining because I do not understand the following. If I'm in doubt, I bail, usually.

                                1. What is drawdown? How is it calculated?

                                On SS signal promo page, I see 33.66%




                                However, on myfxbook, it shows 62.37%



                                2. What is leverage? SS uses 1:500. Must we also use 1:500. If I use 1:100, what is the impact?

                                3. Does the copier proportionate lot sizes when it copies the trade over and if it does, what formula it uses? I've used other copiers that proportionate lots sizes based on existing balance in account but not sure what this copier does.

                                4. What deposit capital must one put in to follow SS's trading system successfully since we're not going in at the beginning when he started off at $168?

                                5. I noticed SS is trading with increasing lot sizes over the same pair, like for example, in the beginning, he will go in with 0.6, then 0.8, 1.2, 2 lots.....(but our deposit to trade and SS deposit is unequal). Will we bust our account faster than SS because he has more margin in his account, as we're entering to participate now, instead of following him when he is at the start with $168.

                                6. In the chat, someone suggested fixing our lot size exposure at 0.01 of the deposit capital using the copier. However, I think this conflicts with SS trading strategy where he increases his lot size as he continue to trade the pair.

                                7. What risk multiplier should we use to trade successfully with SS, since his trades have a huge tendency to DD and also conversely grow. If we put a risk multiplier low, profits will be low, but if put too high, risks will increase accordingly. What exactly do we define Risk Multiplier in the context of following this signal?

                                Hence, since I've these questions unanswered and I'm in doubt, I will be taking uninformed risk, not calculated risk. I can accept risk, but I need to be able to understand what risk I'm exposed to.
                                Last edited by Kenji; 10-24-2013, 08:55 AM.

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