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Who should be the "next" Steady Capture?
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FX viper removes his myfxbook link after 4 years...+Sorry to hijack the thread with offtopic. SC did overtake Viper nonetheless...
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It's just crazy, also EU on a downturn downtrend, as you can see from Daily but he wont even collect those buy orders which can be used to remove some DD, very strange weird way of trading I can assure you that. trades going 300-400 pips away from entry, i mean thats cool anyone can open a trade 0.15 lots on a 250k USD account and hold and wait. That sucks, not here for those minimal gains, lifes too short. Would hate to be a sub or MAMM customer and to heck with me investing 1 MIL.
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Originally posted by monira
FXViper is currently managing $700 millions funds. How is that possible?
http://www.internationalforexgroup.com/
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Originally posted by primi View PostRemember Amplified? Viper was an improvement over those guys whoever they were. And then he made us all a lot of money but his trading was terribly inefficient. I believe Steady was again an improvement over Viper. The obvious difference being that Viper never takes a loss even though he has to pay serious money being hedged forever. His performance since he left is pretty poor in part because the market doesn't suit him that much anymore and in part because he's probably offseting his losses with any profits that he can make now. Had he closed the trades his history would pretty much look like Steady's without going into much detail. Viper prefers his months to be positive at all costs. That seriously constrains you and forces you into suboptimal trade management. From performance point of view it's bad but it looks better with all those positive returns if you just look at balance.
I believe the best way to trade profitably in the long term, is actually to just accept losses and move on when the trades go against you. As long as the strategy has a good Risk / Reward ratio and reasonable win rate, the profit will just come to you in the long term.
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Remember Amplified? Viper was an improvement over those guys whoever they were. And then he made us all a lot of money but his trading was terribly inefficient. I believe Steady was again an improvement over Viper. The obvious difference being that Viper never takes a loss even though he has to pay serious money being hedged forever. His performance since he left is pretty poor in part because the market doesn't suit him that much anymore and in part because he's probably offseting his losses with any profits that he can make now. Had he closed the trades his history would pretty much look like Steady's without going into much detail. Viper prefers his months to be positive at all costs. That seriously constrains you and forces you into suboptimal trade management. From performance point of view it's bad but it looks better with all those positive returns if you just look at balance.
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Originally posted by monira
FXViper is currently managing $700 millions funds. How is that possible?
http://www.internationalforexgroup.com/
The performance is actually quite poor and the growth they show on their webpage doesn't even take into account the current DD.
If you look at the yellow equity line on their Myfxbook page, it's now back to where it was in November 2017, which means no growth at all in equity for 2018.
On the other hand, SFE Price Action trades way better than any human traders I know, yet it has never been popular because the vendor never really promotes it. Its doesn't have a nice and straight growth line like others (even though it's definitely profitable in the long term), and people simply give up on it as soon as they hit their first DD.
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Originally posted by monira
FXViper is currently managing $700 millions funds. How is that possible?
http://www.internationalforexgroup.com/
Cheers,
Rod
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Is anyone watching FX Viper, I mean this guy I used to rate highly but damn deep in those Euro trade basket for ages and now holding onto couple GU positions 500 pips down, I mean everyone is screaming GBPUSD shorts if you see Daily and weekly its all on the down i see GBP going to 1.25 too, why not ride the wave instead of going against the market, strange trader, still hats on to his mentality and holding on, but thats no way to trade in my eyes....
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That's probably where managed accounts come in because with results they're generating more fees. But I'm firmly a signal subscriber because I want to have control over the trades and risk so I can make adjustments as I see fit.
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satang,
congrats on your axi deal, thats mighty impressive. if only nick would be able to see talent when it presents itself.
also i had a hunch you be leaving as well, what a shame. you were one trading for a living, just like thales, sam and so on.
thats sure another big loss for this community.
nick sure needs to put more emphasis on retaining and attracting talent, but i am afraid this is all too late now.
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I've been watching Corni's signal for a few months now, and decided to hop on board this morning.
I'm also not a fan of trading breakout's for myself, but the history and back test look all good to me.
It is also a completely different system than I trade (trend following) which tends to lost out when a trend changes. It appeals to have a portfolio of strategies that concentrate on different market conditions. Anyway makes sense to me.
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Originally posted by primi View PostYou're doing fine but I don't particularly like breakout strategies like that. All it takes is to miss this one good day perhaps in months and you completely miss the recovery. I like when it's more balanced.
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You're doing fine but I don't particularly like breakout strategies like that. All it takes is to miss this one good day perhaps in months and you completely miss the recovery. I like when it's more balanced.
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