Originally posted by finanzaonline
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I didnt just predict the DD, I gave detailed predictions and explanations of whats coming. Go back and read my posts. If it was so easy to predictthis happening, why was I the only one and why was everyone attacking me and administrators banned me from posting? Can you explain that? At least try, I would really like to hear what explanation you will come up with
Best case scenario is the account will get back to equity highs in 24-30 months and even that is a very optimistic prediction if strategy stays the same.
This was/is a simple grid strategy hoping and holding the trades with bad money management. Current DD is 20% and average monthly profits 0.75%. That is ridiculous and its an embarassment for SC and ForexSignals. I dont understand how they had the nerve to offer this to their investors. It should have never been marketed.
Its funny how nobody from SC or ForexSignals is giving any updates, they are probably trying to come up with some bull**** excuse and promise of a new miraculous strategy which will be highly profirable all of the sudden.
They will try to tell you that what just happened is a part of trading and that its normal. That is actually true in part but the way it happened is problematic. It would be understandable if a 20% DD had happened with a monthly average of 5% or even 3% but at 0.75% monthly profit this is just silly.
What I am writing now is nothing new, I have said the same thing 4 months ago so its not some revisionist history. Hopefully now people will come to their senses, pull out and invest their money elsewhere.
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