Outside the Box -- Signal and Mt Cook PAMM fund

[OutsideTheBoxHK]

Well the good thing is that he is trading in a market where the rates are increasing and volatility as well, so if he can keep a steady return in this market he should be able to keep away from massive DD. That said his larges is around 50% which isn't low either.

@OutsideTheBoxHK: How do you see this massive gain in less than two years? Do you fear you will receive a major setback if you keep trading like you are now?

The psychology and emotion and wisdom that you learn from being a hard core trader, manual, in front of the news, the price action, and the screens 14 hours per day or more.... you learn to not really engage in prediction, or reassuring in a false way. I let my returns speak for themselves and I have an iron clad aversion to discussing things that may be contentious or not humble. I perform best when I keep my head and eyes on the markets and stay out of banter and self-puffery.
I just want to be a success, be cautious from stories of those who have failed, and keep my hand on the trigger when I see the opportunities when the market gives them to me.

My target is 5 to 10% on my flagship strategy, and higher for my medium risk and high risk. All performing well.

[reaper_unique]

Well the good thing is that he is trading in a market where the rates are increasing and volatility as well, so if he can keep a steady return in this market he should be able to keep away from massive DD. That said his larges is around 50% which isn't low either.

@OutsideTheBoxHK: How do you see this massive gain in less than two years? Do you fear you will receive a major setback if you keep trading like you are now?

[Lithium]

1700% in 19 months. Are you trying to give your potential investors this kind of expectations?

[OutsideTheBoxHK]

5.5% for August
38.2% for 2018 year

New Equity Highs.
Over 1700% in 19 months.
Onward and upward. Finished the month flat. Ready for exciting autumn months of certain volatility.
Will be looking for risk aversion markets in Sept and Oct.

[NextGen4FX]

What is the problem with my website? Have I committed any unrealistic return?
And where I take offense?

Take the time and read my post about your site. It says clearly in there what is misleading..

[NextGen4FX]

[USER="42406"]

"As many on this site are already aware there are numerous unscrupulous signal providers ready to take advantage of 'innocent' investors, however, the MQL5 signal service takes some beating this year with the total loss of investor funds now approaching $5M ( yes million!) with just two signal providers. The signals are then immediately removed from the website, giving the impression that the site offers only 'safe' systems....similar to many other signal provider websites..

The way this works is that even though MQL5 try to flag the more risky systems, there is no stopping the greed and impulsiveness of investors when they see steady double-digit growth month after month, until the subscribers are so many the trader only needs one month's subs to retire comfortably and swiftly loses all interest in his clients.
The latest 'dragon' and 'safe dragon' GBP/JPY 20% month return systems calamity comes swiftly after the loss of a $3M investors funds from a 'no-lose' S&P 'long only' system."

Funny you would mention this. I was looking at the same SP on MQL5 and funny enough this is the same trader known here as Faja Lucky that used to plague this site with his high gains, promises of low risks and safe profits.. Seems he has been managing and blowing signals like this one on MQL5. There are several other signals on MQL5 that are the same person as Safety Dragon. All registered under various names so maybe friends, relatives, whatever. The guy is dangerous and you can usually see his signature trading with high risks, high gains mainly in the GBPJPY pair. He often says hes from Hungary or India so if you ever see this, think twice before subscribing.

https://www.mql5.com/en/signals/411963#!tab=tab_reviews

https://www.forexsignals.com/forum/forum/signals-from-forexsignals-simpletrader/signals-from-simpletrader-network/736-fajalucky-signal

When I first viewed it, the signal had nearly $3M under management. This guy is a real scammer and was trying to get as many of his followers to hang in there when he was in a 70%+ drawdown. Sadly many lost most or all of their accounts with this one. The only thing I can say at this point is that we are very certain on the ID of this individual and there are about 5 people that fell into one of his managed account scams around a year ago through Skype conversations. He will be on the chopping block really soon.

There are reports that he was attempting to have people setup verified Paypal accounts for him to use for a small price. There were a few people that fell for this as well and is another investigation being done by several outside parties.

[Tradersmurf]

Since the days of Viper, fox and many others failures, would you say that the standard of signals that are available now has improved.

Granted there are still some dubious ones.

For example Outside the Box seems to have a lot more protection in place for his subs than the earlier signals.

There are quite a few that seem worthy of consideration now, offering low drawdown and or sticking to their rules when action needs to be taken.

A few that spring to mind are MHD, Satang, Momentum Capture, SFE, Rettangolo and FX4Charlie (before he removed it)

I am sure there are others.

Why did FX4Charlie remove his signal, he seems to be still trading?

[fabx]

Since the days of Viper, fox and many others failures, would you say that the standard of signals that are available now has improved.

Granted there are still some dubious ones.

For example Outside the Box seems to have a lot more protection in place for his subs than the earlier signals.

There are quite a few that seem worthy of consideration now, offering low drawdown and or sticking to their rules when action needs to be taken.

A few that spring to mind are MHD, Satang, Momentum Capture, SFE, Rettangolo and FX4Charlie (before he removed it)

I am sure there are others.

[Tradersmurf]

Here's Nick's final post on the FXViper thread here at ForexSignals and how it all blew up and ended.
I've attached an image of how long FXViper would hold trades and would massage his monthly stats (with almost no eye on overall drawdown of equity) just so that investors would keep coming in and the growth curve looked like it was going only up. A bit like what Bernie Madoff did with his Ponzie Scheme. It's ok if both you and your investors have unlimited capital backing them/you.
To be able to ride out the long drawdowns and recover at some point in the future.


Originally posted by Nick View Posthttps://www.myfxbook.com/members/Nic...x-risk/1307966

http://www.myfxbook.com/members/Stea...e-live/1211446-----------------------------------------------------------------------------------------------------------

FXViper1.JPG

Long Live the King! Long Live the King!! Viva King Viper, Viva!

[OutsideTheBoxHK]

Here's Nick's final post on the FXViper thread here at ForexSignals and how it all blew up and ended.
I've attached an image of how long FXViper would hold trades and would massage his monthly stats (with almost no eye on overall drawdown of equity) just so that investors would keep coming in and the growth curve looked like it was going only up. A bit like what Bernie Madoff did with his Ponzie Scheme. It's ok if both you and your investors have unlimited capital backing them/you.
To be able to ride out the long drawdowns and recover at some point in the future.


Originally posted by Nick View Posthttps://www.myfxbook.com/members/Nic...x-risk/1307966

http://www.myfxbook.com/members/Stea...e-live/1211446-----------------------------------------------------------------------------------------------------------

FXViper1.JPG

[Tradersmurf]

Viper ended up blowing up. If you analyzed his trading, his risk management was terrible. He held EURUSD shorts for like 2 years or something. He carried a huge drawdown and then he deleted his MyFXBook account and moved to the Bahamas and went totally private and off the grid.

Viper, or like I like to refer to him, King Viper, was the greatest, the Mohammed Ali of trading, please dont insult him, you are hurting my feelings.

[OutsideTheBoxHK]

Hell no, Viper was King Viper! The king of all kings, the alpha Lion. This place was on fire when he was around. Now, its like a kinder garden with a bunch of loonies.

Viper ended up blowing up. If you analyzed his trading, his risk management was terrible. He held EURUSD shorts for like 2 years or something. He carried a huge drawdown and then he deleted his MyFXBook account and moved to the Bahamas and went totally private and off the grid.

[Tradersmurf]

Yes. I read. You have given some example of fraud signal provider.

Hell no, Viper was King Viper! The king of all kings, the alpha Lion. This place was on fire when he was around. Now, its like a kinder garden with a bunch of loonies.

[Tradersmurf]

Tradersmurf , Honestly speaking my service is fully transparent. I will take more 2-3 months to add contents and explanation of my services.
I use VPS for trade management, risk management and transparent services. Myfxbook auto updater is attached to VPS server. So, NO hidden floating
dd is possible.

I always appreciate your suggestion in order to provide trust worthy and better services.

Thanks

Gee wizz, hold your horses cowboy! I have no idea what you talking about? Did you actually read my post?

[Tradersmurf]

monira this is what your "performance" page of your website reads. where do these "monthly return" stats come from? what about the last 8 months? The "Kingfisher" live track record link is dead. And posting a backtest strategy means next to nothing with regards to future performance of a strategy that supposedly follows the same system.
Again, as others have said, be humble, don't go shooting off your mouth when people are tired of online cruelty, trolling, and having to wade thru heaps and heaps of false claims, deception, and outright lies on the internet these days. We want to make money and keep this forum and this site as clean, trustworthy, and as good as possible.

We now have to assess the claims of top-ranked systems Fxm piggy bankandScrptx portfolio too.
As we have seen recently on very famous systems on MQL5 with 100's of subscribers, only to have the signal provider blow up in one month and run away with thousands of dollars in subscription fees without providing an answer to the community who lost hundreds of thousands of dollars if not millions. This post from Donna Forex (BEWARE rogue signal providers!) that I have quoted elsewhere I will mention again as a warning to false / deceptive sales of Forex trading systems for trade copying or PAMM investment:

"As many on this site are already aware there are numerous unscrupulous signal providers ready to take advantage of 'innocent' investors, however, the MQL5 signal service takes some beating this year with the total loss of investor funds now approaching $5M ( yes million!) with just two signal providers. The signals are then immediately removed from the website, giving the impression that the site offers only 'safe' systems....similar to many other signal provider websites..

The way this works is that even though MQL5 try to flag the more risky systems, there is no stopping the greed and impulsiveness of investors when they see steady double-digit growth month after month, until the subscribers are so many the trader only needs one month's subs to retire comfortably and swiftly loses all interest in his clients.
The latest 'dragon' and 'safe dragon' GBP/JPY 20% month return systems calamity comes swiftly after the loss of a $3M investors funds from a 'no-lose' S&P 'long only' system."


Monira.JPG

Gee my Golly gosh, I can never seem to get past the second line of your posts before I fall asleep. The funny thing is, you and the other nutters are fighting over an carcass that was already ravaged by Viper. There is nothing left to eat. Deary me, bring back the good old days when Viper was King Viper on this forum, and we all met up in Vegas, now that kept me awake!