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 Forex Version 19, Foreign Exchange Market Discussion

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SUSAllnGap
post Feb 8 2017, 03:09 PM

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QUOTE(fengcgf @ Feb 8 2017, 03:05 PM)
add me in pls
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https://t.me/joinchat/AAAAAAvpHaRZQ7HCzAPOWA
SUSAllnGap
post Feb 8 2017, 03:52 PM

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QUOTE(xixo_12 @ Feb 8 2017, 03:21 PM)
noobie can join ar? later blame can't contribute much idea plox.. just want to read how u guys doing analysis at the moment
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trade ideas only.
SUSAllnGap
post Feb 13 2017, 09:31 AM

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JibFX signals only group

https://t.me/joinchat/AAAAAAvpHaRZQ7HCzAPOWA

after made some calculations, last week signal entry yield around 500+pips

This post has been edited by AllnGap: Feb 13 2017, 10:09 AM
SUSAllnGap
post Feb 18 2017, 02:44 PM

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QUOTE(highlowyat @ Feb 18 2017, 01:37 PM)
Climbing up the rank. 800+ in 2 weeks. The goal is to achieve 1m USD followers in 6 months
Once achieve it, at least USD10k per month in commission/income

» Click to show Spoiler - click again to hide... «

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do u what tactics the first few fella used ?
it's the massive negative swings and hold until it becomes green again.

let it swing -421pips later close @ +31pips.

SUSAllnGap
post Feb 18 2017, 03:23 PM

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QUOTE(highlowyat @ Feb 18 2017, 03:02 PM)
grid trading. its powerful and works on both ranging/sideways n trending market
they dont use indicator or analyze the market. no stop loss

user posted image
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those traders that stick on first page will use this strategy. (maintain high winning rate)
eventually, they will disappear from that first page because of market behaviour.

i've watched zulutrade a couple years back, all their traders until one point DD damn a lot.
all their subscribers burned beyond recovery. profits and capital all disappeared when market suddenly changed.
click their open positions will see floating positions like -800pips and above.



SUSAllnGap
post Feb 18 2017, 03:52 PM

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QUOTE(jack2 @ Feb 18 2017, 03:28 PM)
Yes, I saw many followers can't earn money even though the trader earned. Their ROI or calculation is misleading.

I was a Zulu trader few yeas back when I was newbie. End up losing and closed the account before burned.
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it's the system the brokers created to chip your account slowly.
when they open/close position, expect some "lagging" problems to occur.
trader there might be scalping +10pips, followers might only be getting 5pips.

minus here and there, then change of market conditions, account DD kawkaw
SUSAllnGap
post Feb 18 2017, 04:04 PM

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QUOTE(highlowyat @ Feb 18 2017, 03:48 PM)
nobody constantly winning. some have 2-3 years good run and then disappear or blown out their account
followers need to be smart, only follow traders at their prime

some followers jump out too quick when traders losing few trades
after few days, traders recover the position and become profitable, but followers that left.. they are making loss

i said something about trading the equity. if trader that have 90% of winning trades. follow him using demo and trade their equity using live acc
there are few tricks in social trading that can make you more profitable than #1 rank and less drawdown than him
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because all the follower are normal ppl keep on looking at equity curve, ROI
Open position, high/low, drawdown all never see that sort of things. (normal ppl clueless about those)
i've seen the top ppl dint close position for 3months also got...


anyway. after the first time it blew up, zulutrade said they will change the system.......
but now i see back also no difference (cuz keep on focusing on equity & ROI).....
so it's a system to sucker in stupid money as usual.

sometimes i've been thinking whether the broker got bribe the trader to purposely burn the account or not.
cuz their account size is a few k USD, but burn off 60% of 2mil, then broker split half half with u laugh.gif laugh.gif
SUSAllnGap
post Feb 18 2017, 04:21 PM

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QUOTE(highlowyat @ Feb 18 2017, 04:16 PM)
so the followers need to educate themselves. i can see a lot in youtube how to filter a good trader
but thats the nature of this market, rules 95% and 5% never lie

zulutrade has the most transparent system, if its bad.. its bad. traders cannot hide anything. except the traders fund not visible for public, and profits count in pips not money. that can be a good thing or bad thing depends on strategy. some people focus on making pips, some focus on making money
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yep, every second dunno how many new suckers being born into this world.
SUSAllnGap
post Feb 18 2017, 07:15 PM

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QUOTE(squall_12 @ Feb 18 2017, 06:42 PM)
hi guy,

is IGOFX worth invest? Want to try forex for first time and IGOFX is my friend introduce wan. Thanks
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dai lou...it's a scam
SUSAllnGap
post Feb 24 2017, 07:38 AM

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QUOTE(jack2 @ Feb 24 2017, 12:31 AM)
user posted image<a href='https://postimage.org/app.php' target='_blank'></a>

"Copied from someone"
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1. REGISTERED AT FISHY PLACE (2k USD can become broker)
2. SUPER DUPER HIGH SPREADS
3. pyramid MLM commission structures
4. can "deduct" 1/3 profit sharing from trader to give agents



their sales presentation here : http://www.goldarena.net/downloads/igofx_info.pdf


user posted image
user posted image
user posted image
user posted image
user posted image
user posted image

This post has been edited by AllnGap: Feb 24 2017, 07:39 AM
SUSAllnGap
post Feb 24 2017, 08:19 AM

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QUOTE(wan7075 @ Feb 24 2017, 08:10 AM)
wow, yr info is very detail... tq! notworthy.gif
let's stop taking igofx or other broker.

may I know myfxbook result is trusted? cause I saw many traders posted their result over there to let people follow them. notworthy.gif
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if not mistaken myfxbook follows broker server records.

if broker itself is a scam, they could delete losing trades or add any trades whenever they want.

unless they show u live trades which u need to track over sometime to get the validity.

and u must know that some trader don't close their losing trades so u don't see losses. so by looking at equity curve alone you are just scratching the surface.

then some use very specific strategy which until the market changes rapidly the account will get wiped out
SUSAllnGap
post Feb 28 2017, 07:00 AM

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WTF my MT4 upgraded become MT5 !!!

all my indicators cannot run, templates disappeared !!!!
SUSAllnGap
post Feb 28 2017, 07:18 AM

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OMG, cannot download MT4 from MQL servers d. MT4 discontinue
SUSAllnGap
post Mar 5 2017, 11:54 PM

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zulu trade works like this,
the trader is encouraged for frequent trade, lets say 3 trades per day to hit the commissions, so if u're scalping, the trader makes a lot, if the trader grabs strong swing the trader earns very little.
so it encourages frequent trade

either way, frequent trade means the TP range will be small, so the attract those scalper as the top trader.
when u copy the trade you as investor the profit will be so much lesser because there will be a clause where they the platform protect themselves from slippage or in another term delayed execution.

so it will slowly eat up your account.

This post has been edited by AllnGap: Mar 5 2017, 11:54 PM
SUSAllnGap
post Mar 6 2017, 12:33 AM

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QUOTE(highlowyat @ Mar 6 2017, 12:17 AM)
you have to back it up with a facts. look at the 3 top traders here. this is 1 month stats. doesnt seem like a scalper to me

user posted image
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epic man, less than 14pips not scalping ah ??


2. Payments

Signal Providers earn 0.5 pips per lot, for each closed trade executed in a live follower account. Pip cost varies according to the currency pair traded, the type of account of the follower etc. For US Followers, ZuluTrade compensates Signal Providers by a variable monthly membership fee. Signal Providers compensation is calculated on a monthly calendar basis.

more trade = more money. because it's not on profit sharing basis.

SUSAllnGap
post Mar 6 2017, 07:07 PM

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JibFX signals only group

https://t.me/joinchat/AAAAAAvpHaRZQ7HCzAPOWA
SUSAllnGap
post Mar 6 2017, 11:07 PM

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QUOTE(starship1 @ Mar 6 2017, 08:43 PM)
checking on the trader trade history ,IMO ,he is a trader of :-

1. it appear he does not use a stop loss or uses a huge stop-loss and hence does not have a pre-defined risk before taking position;biggest drawdown at 120 pips and best profits at 50 pips.he merely wait for price to draw even if price level is against him initially or take small profits whenever he could.this method may work in less volatility and in narrower range conditions like the past several months but with high volatility and if price level continue to trend against him ,he most likely will be trap with big drawdown. 
in essence ,i categorized this type of traders as refusing to take losses and this can be very risky as a couple of wrong trades may ruin his account. i observe that he simply let his losses carry forward to next couple of days whenever the price is against him and wait and hope for price to recover.

2.neither did he calibrate and calculate his risk/reward ratio before taking entries.lots and lots of small wins averaging 10 pips per trade.in the past ,many traders all over  who uses no stop loss or huge stop loss for small reward will discover to their own dismay that at the very best over the long run ,they will only have small wins and if a number of trades starts to go wrong ,he will experience very high drawdowns unless he could continuously sustain high accuracy entries.

3.i dont know what analysis this trader uses,but by his trade history ,i presume he should have one or two for his entries (only) but his exits is a mystery to me. from his trade history ,he will take profit if he sees 5 ,10 or 15 pips and satisfy with it because as observed ,some of the trades have potential to earn more .

4.i have no doubt his method of trading have very high wins percentage and trading in small lots position does help on the mental side too.it appear to me he is a scalper but not a natural one as he let his losses carry over to the next day and next, till it recover.it work most of the time though.

5. it appear to me ,this trader have some experience in trading but is satisfy with small wins.it is still some win though but is it enough.

above are just my personal opinion after going through the trades history.
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zulutrade pays the trader through commission system. 0.5pip per trade.
so they will whack as many times as possibles, the more times it is, the more commission.
so the system which encourages frequent trades
SUSAllnGap
post Mar 6 2017, 11:36 PM

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QUOTE(highlowyat @ Mar 6 2017, 11:31 PM)
what there is a bad blood between you and Leon Yohai?
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i'm just stating the commission system and how the the trader will juice the system.
are u taking offense at my statement ??
SUSAllnGap
post Mar 7 2017, 12:04 AM

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QUOTE(highlowyat @ Mar 6 2017, 11:51 PM)
im abit lost with you since im explain to you multple times regarding the commisions
its either you still dont get it or u get it but you simply bashing it

ive been studying business model of social trading not just zulutrade, but MQL5, etoro, myfxbook
so i check my facts before im posting

there is so much to gain in social trading, you guys keep looking on things that u think is negative, and ignore the opportunities

i put this commission stuffs on a rest with Jack Ma. coz i start doing my things with Jack Ma below quote:

user posted image
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http://www.trade2win.com/boards/first-step...-providers.html

taken here (and please, i'm not the other guy, but this has always been my observation about blowing up eventually)

Some people will never learn. I imagine that most people who trade would like to trade for a living. This being the case, you have to have long term success. Zulutrade is an awful vehicle in which to do so. I don't know of a single signal provider who has remained in the top 25 for any real length of time. Can anyone name one provider that hasn't crashed within 2 years? I doubt it. Zulu is like a revolving door for reckless signal providers. They have a system that seems to work for a while and they get all these members to follow them and at some point down the line, all the money you may have made over the course of months, gets wiped away in a matter of days or weeks. The provider has already made a ton of money during off of his followers during the time he was winning so what does he care if he eventually destroys your account? All he has to do is reappear under a new name and all the suckers get to lose all their cash again. The provider Kama-spot is the latest provider to ruin accounts. He had $20 MILLION in live money following him and now he's down to $2 million after a long string of terrible losses. LowestDD, Fly on The Wall, the list goes on. These are all providers who had massive money following them on zulutrade and they all eventually lost it all. There's a new up and coming trader now. I can't remember where he's ranked but he has only executed about 57 trades and he already has $2 million in live accounts following him. He'll eventually be number 1 and then he will implode the way they all do.
One commonality among all of these providers is that they don't use a stop loss. I actually don't have to go any further than this because any professional trader would never trade without a stop loss. The next thing I tend to see is that these guys don't trade the way a regular trader would trade. For example: let's say you want to go long on eur/usd. You would buy your lots, set your stop and limit and wait for the result. The providers on zulu would buy 1 lot at 7am, another lot at 7:05, another at 7:09, another at 7:12 and so on. The reason they do that is because they get paid per executed trade. If you are a follower of X provider and you take all of those trades, Zulutrade pays the provider for each one of those trades even though they are all on the same currency pair and are executed within minutes of one another.
Learn to trade yourself. It's pathetic to read the comments from some of the signal provider's followers. A lot of them are practically begging the provider to get out of losing positions. Begging the provider to trade better. Begging for updates on his positions. Don't ever put yourself in that position. Trading is about financial freedom and following providers on Zulu will not provide that.

This post has been edited by AllnGap: Mar 7 2017, 12:06 AM
SUSAllnGap
post Mar 7 2017, 07:13 AM

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QUOTE(highlowyat @ Mar 7 2017, 12:40 AM)
All those highlighted has been solved by this guy - https://www.zulutrade.com/trader/246268

1) 2.5 years of trading (definitely more than that outside zulu)
2) trade 2 times per week
3) 17% drawdown (that was on early stage Nov 2014)

he has the highest money following with 2.6million because he solved other peoples' complaint like 1) 2) and 3) that you highlighted

see the opportunity there?

user posted image
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lazy to argue over this......the more i dig out, the more damage gonna be done on your ego because you're relying on this thing

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