Originally posted by Betatrader
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Betatrader - Swing Trading System
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Originally posted by dummyFX View PostBut experts said a strategy will stop working if too many people use it. Isn't that true?
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There are two types of investors replies:
1. What is going on?/I'm leaving (after some losing trades)
2. Great work!/Nice trade (after some winning trades/getting out of a DD).
In my point of view the only way to make profit long-term is to choose traders you think are professionals, share your capital between them, maybe set hard SL on some % of capital you wish to preserve in case of some unpredictable crisis and then only check it on a monthly/quarterly basis. If you know when to close the trade or when to stop better then the trader, why do you trust that trader at all? If he is a professional, he knows when to close the trade better than you by definition. And if he is not, than there is no logic in subscribing to his signal. Just something to think about for investors reading threads here.
And the number of these traders will never be great, because 99% of forex traders fail in the long-term perspective. If you have a so-called "widely diversified portfolio" of traders, than one of the following is right: either some (most) of these traders are not professionals, or you are the industry giant with tens of professionals working with you and for you. In the second case you will hardly participate in discussions here, and in the first case you will likely lose money sooner or later.
By the way, Beta got out of the DD on his master account. It only lasted 4 months, which is very short time for a professional. It is also an indication of whether signals are suitable for investor at all: if it's completely OK for an investor to have 4-6 months DD, then he might have a chance to succeed in this area. Not every investor is ready for this. Otherwise bank accounts might be more suitable place for money.Last edited by AntX; 02-11-2016, 06:56 PM.
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Originally posted by AntX View Postthen only check it on a monthly/quarterly basis.
Most here are using a signal copier and VPS.
This introduces a lot of moving parts, any one of which could cause a potentially big problem.
The signal provider's terminal can lose connection to the copier.
The VPS can crash or fail in some other way.
The signal copier itself has the potential to fail.
The signal subscriber's terminal can lose connection to the broker's server, or crash.
Under certain conditions, the subscriber may experience large slippage, which can turn winning trades by the signal provider into losing trades for the subscriber.
For these reasons (and I'm sure there are others) it cannot be seen as a "set and forget" method for mirroring trades.
This infernal machine has to be monitored to ensure it keeps working.
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Originally posted by BillHuppert View PostThis infernal machine has to be monitored to ensure it keeps working.
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