Who should be the "next" Steady Capture?

[ccjhuang]

Well I don't want to argue if you prefer 22% drawdown over 5%.

[minkw]

Hey All,

Thanks for the mention, thanks but no thanks, my plate is full at the moment, I have about 40 subs 20 private clients and 2 prop/allocation accounts, also Nick has not approached me, even if he did its currently not an opportunity I would currently look into as I am a one band man.

__

I have mentioned this before and am quite clear in relation to the strategy, yes I average in and out of positions. sometimes scale out, the reason being no one can pick the correct entry 100% all the time, so I break down the positions down, the strategy is 90% range and 10% trend continuation, the markets have been hard to read for the last few months and this has resulted in dd, I am about 4% dd and confident I can navigate out.

I personally dont think their is anything wrong with averaging, as long as risk and leverage is taken into consideration,

I really dont want to say this(as been contemplating if I should state the following for the last few hours, as its the weekend) but I think SC/Jays post are not what people want to hear, we can all read between the lines, and what everyone wants its just a simple and straightforward answer, I do read all of SC/Jays post but he sugar coats everything, well more perhaps in a professional technical manner, I honestly cannot believe I just stated the prior, as rule of thumb providers should not negativity comment on other providers, on the flip side, he probably has to as he is the main trader behind FS/Thinkhuge an needs to portray a professional approach,

SC/Jay I am really sorry about what I just stated and hope you can understand, no hard feelings.

On a personal note I am sorry to hear about the losses investors have endured with SC/Jay over the last few months, I have the upmost respect for him and can understand the pressure he must be under, trust me I know.

Anyway I think I am venting a bit as its the weekend and ive had a few drinks, after-all we are all humans and we will make mistakes,

Oh, also on another note I have received the first round of allocation from AxiTrader in their Select program, will get around to getting it verified on myfxbook next week some time,

Kind Regards,

Satang FX / Min

[primi]

Those people you're wanting moderation from were warning you. Maybe you will listen to them next time. Don't blame the trolls.

Again you're missing the point completely but then again you revealed all of your mature wisdom in the other thread with one of the stupidest remarks and you're not in the position to lecture to anybody. That goes for your buddy also. You can get back to me when you'we done the math I asked you to do and then I can try to explain the stupidity of it in full and maybee you'll understand but it's unlikely.

About the recent loss I know the danger of trading this or any other strategy so I'm not sure what you tried to warn me about because there was nothing.

[corni]

https://www.myfxbook.com/en/members/...calper/1393341

Well I don't want to argue if you prefer 22% drawdown over 5%.

About Joel, I think his contrarian signals are not bad, he has more patience than most others. But in late 2016 he went short SPX and even used averaging to add more to that position. I basically lost my trust at this point.

[Isochronous]

Not wishing any ill on Jay but I wouldn't mind seeing Joel Kruger step up to the plate.

Sent from my SM-N950F using Tapatalk

He ran a signal back in 2014 or 2015 and it was a total disaster

[dazz1975]

Yes I totally agree with you about diversification, and that�s why I also run SFE Night Scalper on my Personal account. SFE NS on vendor�s account has also made about 500% gain since the account started (https://www.myfxbook.com/en/members/...calper/1393341), but I don�t promote SFE NS much due to the concern that too many people using it at the same time may cause more slippage and affect the performance of the EA, given that it mainly trades during the quieter Asian session.

Not sure about the 500% increase. More like 200% but still great stats anyway.

Sent from my SM-N950F using Tapatalk

[ccjhuang]

I know you love SFE products but maybe it would be even better to build an algo portfolio with a bit more diversification. I am not a good salesman and don't want to persuade anyone into using my system, but if you look at the performance of the SFE MAMM since its start in Aug 2017 it is still down -5.2% while my system, which in general is very similar to SFE price action but with more risk control, made about 21.8% since Aug 2017. I still think that the SFE products are great and some of the best long-term systems available, but diversifying with other well performing system with lower drawdown is what I would recommend.

https://www.myfxbook.com/en/members/...calper/1393341

[corni]

https://www.myfxbook.com/en/members/...normal/1331484

I know you love SFE products but maybe it would be even better to build an algo portfolio with a bit more diversification. I am not a good salesman and don't want to persuade anyone into using my system, but if you look at the performance of the SFE MAMM since its start in Aug 2017 it is still down -5.2% while my system, which in general is very similar to SFE price action but with more risk control, made about 21.8% since Aug 2017. I still think that the SFE products are great and some of the best long-term systems available, but diversifying with other well performing system with lower drawdown is what I would recommend.

[primi]

a) agreed.
b) traders do okay in the markets their strategys are made for, simple as that.
c) I don't think they stopped looking, my guess is that they are very cautious now and just didn't find what they were looking for. But this begs the question of why they incubate "Revolution".. a crappy trading if you ask me. Steady Capture was just lucky to be already here before kicking out fxviper and goldstar.
d) There are a few that crossed a line, and there will allways be, but it's not out of control in my opinion. Most comments are just annoying, reapeating the same thing over and over again. If these things affect you, you may be a good trader, but you shouldn't trade publicly, that simple.

b) true, but they shouldn't get killed when the markets don't suit them or if they were all around good traders they'd be able to thrive in any market condition actually. We haven't seen what Satang can do in current conditions (or worse) except that he got slightly in trouble twice recently
c) perhaps but I think they approached this the wrong way anyway. Dissecting a trader statistically to death is not exactly the way to go in my opinion. You need to have at least one very good trader aboard and look at what a candidate is actually doing with trades. And I don't think they have such a person. You can have good looking statistics but it's still a ticking time bomb and you can very likely recognize it as such if you have more knowledge than 3 phds in statistics
d) it's a public forum but it's a private business as well. Try making a scene in the lobby of a private company day after day and see how long you'd last.

[Amadorian]

a) Don't underestimate the pressure of being in the spotlight
b) Many traders do OK in ranging markets but get killed in trending, I don't think trending markets are Satang's first pick
c) Nick stopped looking for fresh team traders a while ago and I think that was a mistake
d) Forum needs more moderation, it's OK to be critical but there has to be a line because it does affect traders in various ways when things get out of hand AND it hurts the platform as well which is actually a much bigger problem for everybody involved looking long term

a) agreed.
b) traders do okay in the markets their strategys are made for, simple as that.
c) I don't think they stopped looking, my guess is that they are very cautious now and just didn't find what they were looking for. But this begs the question of why they incubate "Revolution".. a crappy trading if you ask me. Steady Capture was just lucky to be already here before kicking out fxviper and goldstar.
d) There are a few that crossed a line, and there will allways be, but it's not out of control in my opinion. Most comments are just annoying, reapeating the same thing over and over again. If these things affect you, you may be a good trader, but you shouldn't trade publicly, that simple.

[artooks]

They are all scam unfortunately tried them all lost in all final point do not invest in them would be a very logical approach

[primi]

a) Don't underestimate the pressure of being in the spotlight
b) Many traders do OK in ranging markets but get killed in trending, I don't think trending markets are Satang's first pick
c) Nick stopped looking for fresh team traders a while ago and I think that was a mistake
d) Forum needs more moderation, it's OK to be critical but there has to be a line because it does affect traders in various ways when things get out of hand AND it hurts the platform as well which is actually a much bigger problem for everybody involved looking long term

[Amadorian]

Would not follow any FS promoted MAMM ever again. They have all been shit with no exceptions.

Understandable, but if the right signal is chosen, (for me that would be a non-grid, non-martingale system), i'm wiling to give it a go.

[Amadorian]

SatangFX would be a good choice.

But it's an averaging strategy after all, and i think forexsignals had enough of those. Even thogh he does a quite a good job until now, he would've hit his DD limit already two times in the last two month if he didn't increase it to 6,5% (instead of 5%)

[Flexable]

Would not follow any FS promoted MAMM ever again. They have all been shit with no exceptions.