Fx-Managers Strategy Description

[Hansen]

I'd be running a ****ing mile away from this one. Surely they have already broken their rules??? What about that Gold trade open 10x too big and they didn't shut it down straight away??!

I'd say that was reckless gambling. they were probably hoping for it to hit home run but it didn't work out. Would have looked nice on the chart if it had worked out but yeah, that's not trading. Just gambling. I had the signal for a while but it was too volatile for my taste. small gains and bigger losses. It could still work out but I remain sceptical - if machine learning was so fantastic, many financial institutions could just fire their quants if that was the case

[dupapa]

I'd be running a ****ing mile away from this one. Surely they have already broken their rules??? What about that Gold trade open 10x too big and they didn't shut it down straight away??!

Yup run run run away!!!

Sent from my SM-N910F using Tapatalk

[ales]

That was a nice trade there on gold... but you guys sure with the size? I mean its nice to make 10% in one shot but isnt that too much risk?

tks.

[oportunis]

They don't reply on forum, even in connectforex they post only when they make profit. The one thing is, they open trade manually but it seems that they don't consider fundamentals, which they should. The biggest profit this month was on GBP, but they opened trade before major news and once the release was out it wasn't that good for GBP, but forex being as it is it spiked up anyway and they made nice profit. If they would exit at the peak it would be even better, but than they opened 2 trades and they eat almost all profit they made. Now with gold they made it back, but still the risk is quite big. Also there is some incosistency with their information. The posted this:"typical exposure is 0.5 standard lots per $10k of deposit. We think this is the best exposure and with a SL causing less than 5% lost (as the worst case)". And we saw the loss can be bigger. I'm watching from the sideline and if I see consistency again I will reactivate, but to me it seems this year is different and even with visible SL it makes signal risky, because a lot of losses in a row were hit and few of them could have been easily avoided. Even if I reactivate signal I will use it at much lower risk.

Another thing is they wrote they will ad more money up to 50k, but I see only withdrawals, which to me doesn't make any sense. Why would you withdraw if you plan to add more funds?

[ales]

Cheers Martin.

Think ideal time to step back now, you are right.

[Hansen]

Did this signal stop completely - is anyone still following - seems there has been no new trades since may 12th ... hit and run trader ?

[greenfield]

Did this signal stop completely - is anyone still following - seems there has been no new trades since may 12th ... hit and run trader ?

I was told by Simpletrader at the end of June that this signal had been disconnected more than 3 weeks previously. I had stayed with this signal on the hope that the trader had a plan to get out of the drawdown: in fact at one point during that 3 weeks the account was near break-even (some of the trades were in profit) so I could have got out if I had known.

There's something wrong with the Simpletrader system where the signal trader has disconnected (and still collects monthly subscriptions) and subscribers aren't told.

[gbguimaraes]

How is possible follow this signal, people like to lost money.
the trader says that he always use stop in orders, then all the orders are without stop.
Amazing and pay for the service.

[Hansen]

I was told by Simpletrader at the end of June that this signal had been disconnected more than 3 weeks previously. I had stayed with this signal on the hope that the trader had a plan to get out of the drawdown: in fact at one point during that 3 weeks the account was near break-even (some of the trades were in profit) so I could have got out if I had known.

There's something wrong with the Simpletrader system where the signal trader has disconnected (and still collects monthly subscriptions) and subscribers aren't told.

Sorry to hear that, greenfield and signal provider has just buried his head in the sand. not trustworthy apparently.