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Systems (EA's and manual), and Managed Accounts => Managed Accounts & Signal Services => Topic started by: vik2001 on July 02, 2019, 12:35:40 PM

Title: Frero system
Post by: vik2001 on July 02, 2019, 12:35:40 PM
Hi
Could anyone give their opinion of what they think of this signal.  Decent returns but seems high risk anything to watch out for or be dubious about?
https://www.signalstart.com/analysis/frero/52591 (https://www.signalstart.com/analysis/frero/52591)
Title: Re: Frero system
Post by: compujock on July 06, 2019, 03:15:30 AM
Hmm...  Let's see:

1) No SL or TP on any trades.
2) Trades often open for many days (last group of trades closed on July 5, 2019 were open for over a month!)
3) Many trades open at once (number of open trades ranges between 30 and 45)

Based on this, it looks like a hold and hope grid trading method.
Title: Re: Frero system
Post by: compujock on July 06, 2019, 03:27:56 AM
A bit of advice:
I would NOT advise trading a high risk system such as this.

However, if anyone decides to invest with this or other high risk systems, PLEASE use no more than half the risk (Just choose 0.5 as the multiplier or even 0.3 or 0.25 to be safe).
This way when they blow the account you lose half or less of your account and live to fight another day. 

Title: Re: Frero system
Post by: Westie on July 06, 2019, 01:48:48 PM
Second what Compujock said.

I guess the question came up as Frero is #2 on Simpletrader. If you learn to spot this kind of thing and go down the ST list I suspect you will find this is the same for all the top ones.

Of course some vendors hide their trades, which is a great way of hiding this kind of behaviour.
Title: Re: Frero system
Post by: Wassel2019 on July 07, 2019, 03:55:22 AM
Hi,
I am the Frero system provider. May I disagree with your opinions. I assure this is not a hold and hope grid trading method as described below by compujock, and I do not think there is such arbitrary strategy that can steadily turn 77k EUR into several million EUR within a couple of month period. Also, I would like to assure followers that I am reasonable enough to not blow up my several million EUR accounts. However, if you cannot live with 45% drawdown which is understandable, then you can set up multiplier at 0.5 or lower. Moreover, I did not handle settings that prevent open trades from showing to the public, this is rather left to the copier websites settings. 
May I add the following comments in response to what is said by compujock and gpfwestie :
1-   Setting up SL and TP on each trade does not concur with the Frero model as long as the closing of the trades is monitored on real time basis depending on the market evolvement. For instance, not all Frero trades end up with profit.
2-    Compujock said last group of trades closed on July 5, 2019 were open for over a month: this is NOT TRUE. The truth is the opening of the majority of the trades closed on 5 July, 2019 was spread over the period from 19 June, 2019 to 2 July, 2019 while only very few trades were left open from the previous trading cycle. 
3-   Compujock criticized the fact that we open a large number of trades : in fact, multiple trade opening is part of our strategy and is duly described from the outset in our presentation : the rationale behind it is the following : given the large size of our account (being over 700k EUR), instead of starting a new position by opening a large lot size trade (say 200 lots), we start building positions by opening multiple smaller lot sized trades (for instance 6 lots each), this is the core of our trade position building.
Title: Re: Frero system
Post by: compujock on July 07, 2019, 05:15:42 AM
Hi,
I am the Frero system provider. May I disagree with your opinions. I assure this is not a hold and hope grid trading method as described below by compujock, and I do not think there is such arbitrary strategy that can steadily turn 77k EUR into several million EUR within a couple of month period. Also, I would like to assure followers that I am reasonable enough to not blow up my several million EUR accounts. However, if you cannot live with 45% drawdown which is understandable, then you can set up multiplier at 0.5 or lower. Moreover, I did not handle settings that prevent open trades from showing to the public, this is rather left to the copier websites settings. 
May I add the following comments in response to what is said by compujock and gpfwestie :
1-   Setting up SL and TP on each trade does not concur with the Frero model as long as the closing of the trades is monitored on real time basis depending on the market evolvement. For instance, not all Frero trades end up with profit.
2-    Compujock said last group of trades closed on July 5, 2019 were open for over a month: this is NOT TRUE. The truth is the opening of the majority of the trades closed on 5 July, 2019 was spread over the period from 19 June, 2019 to 2 July, 2019 while only very few trades were left open from the previous trading cycle. 
3-   Compujock criticized the fact that we open a large number of trades : in fact, multiple trade opening is part of our strategy and is duly described from the outset in our presentation : the rationale behind it is the following : given the large size of our account (being over 700k EUR), instead of starting a new position by opening a large lot size trade (say 200 lots), we start building positions by opening multiple smaller lot sized trades (for instance 6 lots each), this is the core of our trade position building.

Wassel2019, 1st off thanks for providing more information on your system.  Just for the record, I did suggest earlier if someone was to follow a high risk system like this it would be a good idea to use a 0.5 multiplier or less.  I think that would be prudent.  Your system has been successful for a long time and this kind of strategy can survive if good risk management is used and bad trades are cut at a defined point.

1) Your first point can be valid if trades are constantly monitored and the system has defined rules that the trader sticks to.  The problem with many traders (and this may not apply to you) is they don't have the discipline to stick to their defined rules and eventually things get out of hand as happened with OTB and other systems.

2) The group of trades I mentioned were opened on May 31st and closed on July 5 which is over a month.  So what I said is true, but what I believe you are saying is the group of trades I mentioned were actually part of a much larger group of trades and the rest of the larger group were not open as long.  So, that makes sense.

3) Just so you know, I have NOT spent time fully looking into your system, I only briefly looked over the trading.  It appeared to be some kind of grid based on the many trades in the same direction.  It would be very helpful if you can tell us if this system does use any grid like strategies or not and if you could explain a bit more on how your system works, and what your risk management strategy is.
Title: Re: Frero system
Post by: SJWkiller on July 07, 2019, 10:04:24 AM
Hi,
I am the Frero system provider. May I disagree with your opinions. I assure this is not a hold and hope grid trading method as described below by compujock, and I do not think there is such arbitrary strategy that can steadily turn 77k EUR into several million EUR within a couple of month period. Also, I would like to assure followers that I am reasonable enough to not blow up my several million EUR accounts. However, if you cannot live with 45% drawdown which is understandable, then you can set up multiplier at 0.5 or lower. Moreover, I did not handle settings that prevent open trades from showing to the public, this is rather left to the copier websites settings. 
May I add the following comments in response to what is said by compujock and gpfwestie :
1-   Setting up SL and TP on each trade does not concur with the Frero model as long as the closing of the trades is monitored on real time basis depending on the market evolvement. For instance, not all Frero trades end up with profit.
2-    Compujock said last group of trades closed on July 5, 2019 were open for over a month: this is NOT TRUE. The truth is the opening of the majority of the trades closed on 5 July, 2019 was spread over the period from 19 June, 2019 to 2 July, 2019 while only very few trades were left open from the previous trading cycle. 
3-   Compujock criticized the fact that we open a large number of trades : in fact, multiple trade opening is part of our strategy and is duly described from the outset in our presentation : the rationale behind it is the following : given the large size of our account (being over 700k EUR), instead of starting a new position by opening a large lot size trade (say 200 lots), we start building positions by opening multiple smaller lot sized trades (for instance 6 lots each), this is the core of our trade position building.


About a month ago you went into 40%+ DD and still opening trades when the EU reversed and you were way overleveraged. This is a great strategy until you blow up the account and thats whats going to happen at some point. Its hold and hope, just as compujock said. Are you going to tell me you were not holding and hoping the EU will come back when you were 45% in floating DD and using 1:100 leverage? I see another OTB situation coming soon, just a matter of time.
Title: Re: Frero system
Post by: vik2001 on July 07, 2019, 11:46:02 AM
The 40% dd would cause anyone to be concerned.
Also just a learning question for me if you set fixed lots at 0.01 per $1000 is it the same as putting multiplier to 0.5?

 And is using fixed lots going to reduce the amount of DD?

Interesting you have that much 700k eur invested alot of skin in the game. This made me assume it must be a cent account?
Title: Re: Frero system
Post by: Wassel2019 on July 07, 2019, 01:00:42 PM
Once again I disagree with Mr SJWKiller when he said this is a hold and hope strategy... In some way, after making an investment decision, every trader including Mr SJWKiller hopes the market goes in the direction of his trades, however for the Frero system, the loss stop mode hasn't been triggered at the 40% (or so) DD level. If you want to take caution, then please set up the multiplier to 0.5 or lower, this way the lot size opening will be at 0.01 lot per 2000$ capital as suggested by Mr vik2001.
Title: Re: Frero system
Post by: compujock on July 07, 2019, 04:04:38 PM
Interesting you have that much 700k eur invested alot of skin in the game. This made me assume it must be a cent account?

Believe me, the amount of money invested has nothing to do with the eventual outcome of a system or signal.  I have used many top signals from SimpleTrader in the past.  They were all hotshot traders with millions of dollars under trade and decades of experience.   Every single one of them that I participated in crashed and burned eventually.  Thank goodness I always used a 0.5 or less multiplier.  And a couple that I used a 1x multiplier on, I got out before they crashed as I began to feel uncomfortable with their trading styles.  In any case, because of this, I very rarely use signals anymore and if I do use one it's because I've spent a lot of time analyzing the system and trading to be certain I feel it is as safe a system as possible.
Title: Re: Frero system
Post by: compujock on July 07, 2019, 04:11:43 PM
Also just a learning question for me if you set fixed lots at 0.01 per $1000 is it the same as putting multiplier to 0.5?

The signal description says .03 lots per $3,000.  So, a 0.5 multiplier (in other words half risk) would be .03 lots per $6,000, or .01 lots per $2,000.
Title: Re: Frero system
Post by: compujock on July 07, 2019, 04:18:52 PM
And is using fixed lots going to reduce the amount of DD?

No. Looking over the trades, it appears the signal is already using fixed lots, so a follower using fixed lots is not going to reduce drawdown.   The provider raising the fixed lot size in the future, would of course, change this scenario.
Title: Re: Frero system
Post by: SJWkiller on July 07, 2019, 06:15:56 PM
Just read the comments under his mql5 profile:

https://www.mql5.com/en/users/wassel2017


He broke all his rules and kept opening trades when he should have stopped already. Same exact things as OTB and end result will also be the same.
Title: Re: Frero system
Post by: reinerh on July 08, 2019, 12:56:58 AM
The 40% dd would cause anyone to be concerned.
Also just a learning question for me if you set fixed lots at 0.01 per $1000 is it the same as putting multiplier to 0.5?

 And is using fixed lots going to reduce the amount of DD?

Interesting you have that much 700k eur invested alot of skin in the game. This made me assume it must be a cent account?

40% is very high, up to 30% or so i consider recoverable.

this system is clearly very high risk, but profitable none or less. with this one profits can be taken out along the way, but a full blow cant be ruled out simply by holding positions into major news releases.

Title: Re: Frero system
Post by: Megabot on July 08, 2019, 01:12:31 AM
He made 7000% gain?

Is this true or just another mis-calculation by simpletrader?

Title: Re: Frero system
Post by: Wassel2019 on July 08, 2019, 10:23:03 PM
https://www.myfxbook.com/members/wassel2017/frero/2406407
Title: Re: Frero system
Post by: Megabot on July 09, 2019, 02:57:21 PM
What is the stop-loss or risk per trade?

He left some positions for up-to 17 days targeting small number of pips, which indicates a possible hold and pray.

Nonetheless, 7000% is a remarkable achievement
Title: Frero
Post by: donnaforex on August 12, 2019, 09:39:40 AM
Please welcome the owner of Frero to the forum. Leave any comments or questions on this topic for the seller :).

Frero system performance :

https://www.myfxbook.com/members/wassel2017/frero/2406407

Frero signal is listed in the following websites :
Signalstart :
https://www.signalstart.com/fr/analysis/frero/52591
MQL5 :
https://www.mql5.com/en/signals/560178#!tab=tab_account
Simpletrader :
https://www.simpletrader.net/signal/10898/Frero.html
Title: Re: Frero
Post by: FLechdrop on August 12, 2019, 10:50:37 AM
Question 1: How would you describe the strategy behind this? What is the long term risk/max risk per trade?

Question 2: What happened at the end of June this year and several times before when there was significant equity DD? What could have happened?
Title: Re: Frero
Post by: dasher1980 on August 12, 2019, 12:03:20 PM
500 USD a month subscription fee, nice! :)

Wish I could afford such a fee to pay on a monthly basis and still make money :)
Title: Re: Frero
Post by: FLechdrop on August 12, 2019, 12:13:36 PM
500 USD a month subscription fee, nice! :)

Wish I could afford such a fee to pay on a monthly basis and still make money :)

Well with 2000 USD it should be breaking even at 25% a month... Assuming you take the same % risk and it stays consistent like that.
Title: Re: Frero
Post by: ccjhuang on August 12, 2019, 01:21:28 PM
Looks like a dangerous system - either a martingale or grid that has been lucky and hasn’t been margin-called yet. Had up to 40% DD on a few occasions but managed to survive.

Also only a bit over 2000 trades in total which is not statistically significant yet to proof that it has a long term edge over the market.

I feel with increased volatility in the market recently, this system is likely to face a large DD in the near future...
Title: Re: Frero
Post by: petersurrey on August 12, 2019, 01:34:18 PM
It's yet another gridder that just got lucky...when the EUR open back to its normal range again it will no doubt go the way of the rest...all for $500/month :no doubt he'll still get a few takers...
Title: Re: Frero
Post by: SJWkiller on August 12, 2019, 01:53:31 PM
Looks like a dangerous system - either a martingale or grid that has been lucky and hasn’t been margin-called yet. Had up to 40% DD on a few occasions but managed to survive.

Also only a bit over 2000 trades in total which is not statistically significant yet to proof that it has a long term edge over the market.

I feel with increased volatility in the market recently, this system is likely to face a large DD in the near future...

I agree. If I remember correctly in June he had 40%+ DD on two occasions and was only about 50 pips away from a wipe out. Its a grid system that keeps adding trades as the price goes against him. It worked well for the past couple of years because EU was pretty choppy but as you said with increased volatility one wrong position can wipe him out in a few hours. I wouldnt touch this system at this point, much too dangerous.
Title: Re: Frero
Post by: user456 on August 12, 2019, 01:59:07 PM
$500 monthly for a grid system. It's getting crazier by the day  :o
Title: Re: Frero system
Post by: donnaforex on August 12, 2019, 03:18:36 PM
Sorry didn't realise there was already a topic for it - the seller didn't tell me and i didn't notice :).

Have merged the two together.
Title: Re: Frero system
Post by: Westie on August 13, 2019, 11:29:35 AM
Anyone else get the feeling the whole signals sub forum looks like a graveyard for scams / overly confident vendors that have blown up ?
Title: Re: Frero system
Post by: FLechdrop on August 13, 2019, 11:54:52 AM
Well, this one has made 10.000% and has not blown up so far. It does look dangerous, but nonetheless impressive. One could trade this like any high risk system: put in an amount you would not terribly mind to lose (but has to be $2000+ to make sense with the subscription cost), then hope it does not crash before it reaches 100% on your account. Then take out the principal and see how far it can go, while regularly taking out some profits.

The only thing is the amount would have to be substantially higher than $2000 or else it will take too many months before it has reached 100% after deducting the $500 a month... In any case it will take 4 months at least, if you put in $6600 or more.
Title: Re: Frero system
Post by: Westie on August 13, 2019, 12:53:22 PM
Well, this one has made 10.000% and has not blown up so far. It does look dangerous, but nonetheless impressive. One could trade this like any high risk system: put in an amount you would not terribly mind to lose (but has to be $2000+ to make sense with the subscription cost), then hope it does not crash before it reaches 100% on your account. Then take out the principal and see how far it can go, while regularly taking out some profits.

The only thing is the amount would have to be substantially higher than $2000 or else it will take too many months before it has reached 100% after deducting the $500 a month... In any case it will take 4 months at least, if you put in $6600 or more.

If your going to manage a signal like this, then what value is being added by the vendor ?

Might as well go the whole hog and add a stop loss / take profit on the signal. And that just feels like you would be trading the signal as some kind of forex derivative.
Title: Re: Frero system
Post by: FLechdrop on August 13, 2019, 12:58:25 PM
If your going to manage a signal like this, then what value is being added by the vendor ?

Might as well go the whole hog and add a stop loss / take profit on the signal. And that just feels like you would be trading the signal as some kind of forex derivative.

Getting 500 a month from lots of people does not hurt. Especially if the thing is ultimately going to blow up.

With fixed SL/TP it would not nearly be as consistent and probably not profitable at all.
Title: Re: Frero system
Post by: Westie on August 13, 2019, 01:11:57 PM
With fixed SL/TP it would not nearly be as consistent and probably not profitable at all.

Indeed  ;D
Title: Re: Frero system
Post by: Megabot on August 23, 2019, 06:55:37 PM
Oh man, if it wasn't for trump tweet today, the market wouldn't have had reversed and today's profitable trade would most
likely result in a complete wipeout of his account!
Title: Re: Frero system
Post by: compujock on August 23, 2019, 10:23:50 PM
Yeah.  Very lucky!   :o
Title: Re: Frero system
Post by: Megabot on August 30, 2019, 06:09:52 PM
He is now in the same mistake as last week. Only difference is there is no Trump now to save him.

No learning curve, no trading strategy/pattern here what so ever, just heavily relies on the market to not break out in one direction.
Title: Re: Frero system
Post by: compujock on August 30, 2019, 08:33:58 PM
Yeah.  As I said in the beginning of this thread, it looks like a hold and hope strategy.  You can see from the trade history there is no hard SL.  Currently, according to the stats, the system is in a 27% drawdown.  We'll see if he gets lucky or not this time.  Eventually, the system will hit a huge loss if not a blown account.  Just never know when that time will come. 
Title: Re: Frero system
Post by: fxtyrant on September 02, 2019, 10:13:34 AM
Yeah.  As I said in the beginning of this thread, it looks like a hold and hope strategy.  You can see from the trade history there is no hard SL.  Currently, according to the stats, the system is in a 27% drawdown.  We'll see if he gets lucky or not this time.  Eventually, the system will hit a huge loss if not a blown account.  Just never know when that time will come.

The thing is.... hes made enough to have withdrawn his initial deposit 3 times already so hes more than broken even...
Title: Re: Frero system
Post by: Megabot on September 02, 2019, 11:36:16 AM
Yeah.  As I said in the beginning of this thread, it looks like a hold and hope strategy.  You can see from the trade history there is no hard SL.  Currently, according to the stats, the system is in a 27% drawdown.  We'll see if he gets lucky or not this time.  Eventually, the system will hit a huge loss if not a blown account.  Just never know when that time will come.

The thing is.... hes made enough to have withdrawn his initial deposit 3 times already so hes more than broken even...

The point is he has done so with pure luck.
Title: Re: Frero system
Post by: fxtyrant on September 02, 2019, 03:27:39 PM
Yeah.  As I said in the beginning of this thread, it looks like a hold and hope strategy.  You can see from the trade history there is no hard SL.  Currently, according to the stats, the system is in a 27% drawdown.  We'll see if he gets lucky or not this time.  Eventually, the system will hit a huge loss if not a blown account.  Just never know when that time will come.

The thing is.... hes made enough to have withdrawn his initial deposit 3 times already so hes more than broken even...

The point is he has done so with pure luck.

cashed out triple the amount hes put in? that's some luck.....
Title: Re: Frero system
Post by: Megabot on September 03, 2019, 12:09:42 AM
Yeah.  As I said in the beginning of this thread, it looks like a hold and hope strategy.  You can see from the trade history there is no hard SL.  Currently, according to the stats, the system is in a 27% drawdown.  We'll see if he gets lucky or not this time.  Eventually, the system will hit a huge loss if not a blown account.  Just never know when that time will come.

The thing is.... hes made enough to have withdrawn his initial deposit 3 times already so hes more than broken even...

The point is he has done so with pure luck.

cashed out triple the amount hes put in? that's some luck.....

Nope. Not just triple. More like 5000% on his initial investment.

Actually maybe a little more or less.
Title: Re: Frero system
Post by: Megabot on September 05, 2019, 11:16:11 AM
The market rebounded in his favor, after dipping in a 44% drawdown.

This guy must be the luckiest trader I have come across in the past 2 decades!

Title: Re: Frero system
Post by: goodexp on September 05, 2019, 12:29:20 PM
yes,this style trade i meet many in the past years.

try to reduce risk from 0.8 to 0.2 after orders closed ;D
Title: Re: Frero system
Post by: paca on September 12, 2019, 01:44:35 PM
i have been copying this signal since a couple of month. Have been giving 30% last 2 months but very risky.
says in his description that he will open only 30 positions but opened more than 50;
have been in drawdown since 2 and 1/2 weeks, could have exited with decent profit last week but was too greedy.
opened lot of transactions yesterday buying EURUSD with ECB meeting today. Result, back to almost 50% DD.
Said a month ago that he would resume to less risky...until he reopened 50 plus positions.
Doesn't answer messages.
Signal too expensive considering the risk to blow your account. Will  uncopy whenever we recover the DD, if the account doesn't burst before
Title: Re: Frero system
Post by: reinerh on September 12, 2019, 03:49:11 PM

only 8% dd currently 10 48 est time,

was lucky biggggggggggggg time. not for the faint of heart thats for sure.
Title: Re: Frero system
Post by: Wassel2019 on September 14, 2019, 05:01:51 PM
Dear All,
Thank you for your contribution.
I read carefully your comments and I am pleased to recall that the system started with 77k, thereafter 2.3M were withdrawn and the current balance is 840k or so... So does it worth a try? I know several smart followers who made good money with Frero system and are extremely happy - some of them told me they follow the system with 50% of the lot size opening, so they don't risk more than 25% of their account...
For those who find the subscription fees too high, they can join our MAM at FX Choice (also suitable for US citizens) or at Tickmill Seychelles FSA.
There are 20% performance fees (20% of the profit) based on high water mark : if the account drops in value, we don't get a percentage of any new profits until all prior losses are made up and a new higher total amount of money is reached in the account.
Commission cycle 4 weeks.
Possibility of withdrawal anytime for FXChoice MAM and by the begining of each month for Tickmill MAM.
Minimum deposit is 5000$
lot size opening : 0.03 lot size per 5000$ capital (instead of 0.01 lot size per single trade for each 1000$ capital).
FXChoice MAM link is https://my.myfxchoice.com/registrationMam/?ib=303177&account=690653
For Tickmill MAM : kindly ask broker@tickmill.com for the opening of an MT4 sub account tied to our MAM reference S73-USD, once you get your MAM sub account details, please liaise with me at frerosystem at gmail dot com to complete the LPOA (profit share agreement).
Title: Re: Frero system
Post by: Megabot on September 15, 2019, 10:44:10 AM
Dear All,
Thank you for your contribution.
I read carefully your comments and I am pleased to recall that the system started with 77k, thereafter 2.3M were withdrawn and the current balance is 840k or so... So does it worth a try? I know several smart followers who made good money with Frero system and are extremely happy - some of them told me they follow the system with 50% of the lot size opening, so they don't risk more than 25% of their account...
For those who find the subscription fees too high, they can join our MAM at FX Choice (also suitable for US citizens) or at Tickmill Seychelles FSA.
There are 20% performance fees (20% of the profit) based on high water mark : if the account drops in value, we don't get a percentage of any new profits until all prior losses are made up and a new higher total amount of money is reached in the account.
Commission cycle 4 weeks.
Possibility of withdrawal anytime for FXChoice MAM and by the begining of each month for Tickmill MAM.
Minimum deposit is 5000$
lot size opening : 0.03 lot size per 5000$ capital (instead of 0.01 lot size per single trade for each 1000$ capital).
FXChoice MAM link is https://my.myfxchoice.com/registrationMam/?ib=303177&account=690653
For Tickmill MAM : kindly ask broker@tickmill.com for the opening of an MT4 sub account tied to our MAM reference S73-USD, once you get your MAM sub account details, please liaise with me at frerosystem at gmail dot com to complete the LPOA (profit share agreement).

Wassel2019, screw all the subscription income and MAM income. I really recommend you to withdraw 800K, or just keep 50K in the trading account.
You wont make 800K out of managing peoples money on public forums anytime soon.

Nevertheless, you can't remain lucky for ever, trust me, just look around you, EVERYONE ends up with a blow up when they trade using your style. Its not a matter of 'if', its a matter of time.
Title: Re: Frero system
Post by: Wassel2019 on November 07, 2019, 02:42:35 PM
Nevertheless, you can't remain lucky for ever, trust me, just look around you, EVERYONE ends up with a blow up when they trade using your style. Its not a matter of 'if', its a matter of time.
Hi
Few weeks ago we were about to face a continuous trend against our trades when the eurusd was thought to deeply decrease far below 1.0920 while we've had plenty of open buy trades.
We did practice hedge and we did close a basket of buy trades at loss. Please see our Frero account history.
Best
Wassel
Title: Re: Frero system
Post by: Wassel2019 on December 07, 2019, 11:35:03 AM
One follower made this post on an other Frero system forum :

There's a saying only invest the money you can afford to lose . At the end of the day this guy deliver with millions of dollar of profit .
Title: Re: Frero system
Post by: FLechdrop on December 09, 2019, 11:57:27 AM
Yes, it is just that the fees are so high that you need to be able to afford to lose quite a bit to before you even start to potentially profit a little bit...
Title: Re: Frero system
Post by: Wassel2019 on December 09, 2019, 01:41:07 PM
Yes, it is just that the fees are so high that you need to be able to afford to lose quite a bit to before you even start to potentially profit a little bit...

You can avoid paying subscription fees by joining MAM (you don't need a VPS neither) :

1- FXChoice MAM :
Registration link :  https://my.myfxchoice.com/registrationMam/?ib=303177&account=690653
Performance link :  https://www.mql5.com/en/signals/653355#!tab=tab_account

2- Or join our MAM with Tickmill FSA Seychelles : kindly ask broker@tickmill.com for the opening of an MT4 sub account tied to our MAM reference S73-USD, then liaise with me at frerosystem@gmail.com to complete registration.
Performance link :  https://www.mql5.com/en/signals/653378#!tab=tab_account
There are performance fees (20% of the profit) based on high water mark : if the account drops in value, we don't get a percentage of any new profits until all prior losses are made up and a new higher total amount of money is reached in the account.
Commission cycle : 1 month.

Possibility of withdrawal : any time for FXChoice MAM and between day 5-10 of each month for Tickmill.

Lot size opening : 0.03 lot size per 5000$ capital.

Both MAM are MT4 account, so you can login to your slave MAM account from your PC or mobile phone and see what's going on, etc…

Best
Title: Re: Frero system
Post by: plamar on December 10, 2019, 10:42:24 PM
Quote
TP and SL are not appearent, they are live handled by the trader.

Marc Walton said the same thing to brother in law. Ended with *badabooom*

(https://i.ibb.co/fkr4Fym/myfxbook-amateur.png) (https://ibb.co/1rR8QPH)

This is differrent?
Title: Re: Frero system
Post by: Wassel2019 on January 23, 2020, 11:11:45 AM
Kindly join our PAMM at Keytomarkets as follows :

(1) create a new client account with keytomarkets, get your account verified (passport, proof of address, questionnaire).

(2) open an MT4 trading account and make a deposit,

(3) register to our PAMM via this link  https://ktmapp.keytomarkets.com/app/auth/register?accountId=1848216014 , you have to input your MT4 ID and password (the MT4 account created at stage 2 above).

Moreover please join this group

https://t.me/joinchat/M_fk3BNEVkDV8Ugkdk_EZg

This is a group for Frero signal subscribers, you can ask your questions there and get responses from other subscribers.
Title: Re: Frero system
Post by: rsmereka on February 04, 2020, 02:21:18 PM
Vendor has cancelled providing signals on SignalStart platform. Subscription now only available via PAM/MAM. Not sure of the fee but I think somewhere around 25%.
Title: Re: Frero system
Post by: Megabot on February 12, 2020, 05:19:25 PM
the EURUSD is finally breaking out and looks like FRERO is heading towards a margin call!

his current drawdown is -20%, and he has no clue on whats happening. He will hit a margin call no question about that. his lucky days are over and he has no clue how to trade
Title: Re: Frero system
Post by: Megabot on February 13, 2020, 12:07:13 PM
the EURUSD is finally breaking out and looks like FRERO is heading towards a margin call!

his current drawdown is -20%, and he has no clue on whats happening. He will hit a margin call no question about that. his lucky days are over and he has no clue how to trade

-27%, this is getting faster everyday, this guy will blow up, and does not understand why
Title: Re: Frero system
Post by: Megabot on February 13, 2020, 03:24:16 PM
-37% and its only getting worst very fast

I just can't believe he would be stupid enough to hold into his EURUSD buy trades during this market condition... Idiot!
Title: Re: Frero system
Post by: Megabot on February 18, 2020, 02:22:25 PM
Drawdown is at 50%. Just holding and praying at this point. He has no clue how to trade and can't identify a trending market nor he can distinguish between weak and strong currency.

EURUSD is very very weak and can't see that. He just keeps on heavily buying!

FYI, I did not invest with this idiot!
Title: Re: Frero system
Post by: brunohelius on February 19, 2020, 05:27:29 PM
He added some sells now and is bigger than the buys.
Title: Re: Frero system
Post by: Megabot on February 19, 2020, 07:03:18 PM
He added some sells now and is bigger than the buys.

yep instead of closing those buys which costed him -45% loss, he is now hedging, and paying the swaps. FYI, hedging is EXACTLY the same as closing the position. Those Buys will stay open for a long time, good luck with the swaps
Title: Re: Frero system
Post by: Megabot on February 19, 2020, 07:56:14 PM
He added some sells now and is bigger than the buys.

And if he dares to close these sell trades he will have the buys open and he will go against a very strong downtrend and risk getting wiped out
Title: Re: Frero system
Post by: plamar on February 20, 2020, 12:19:09 PM
Drawdown is at 50%. Just holding and praying at this point. He has no clue how to trade and can't identify a trending market nor he can distinguish between weak and strong currency.

EURUSD is very very weak and can't see that. He just keeps on heavily buying!

FYI, I did not invest with this idiot!

Frerro tries to trick mother market and makes money by burning funds of clients. And you Eddie who did same thing with clients funds years back, sit in front of computer and pleasure youself while other loose money.

Grazy world!
Title: Re: Frero system
Post by: Megabot on February 20, 2020, 01:33:24 PM
Drawdown is at 50%. Just holding and praying at this point. He has no clue how to trade and can't identify a trending market nor he can distinguish between weak and strong currency.

EURUSD is very very weak and can't see that. He just keeps on heavily buying!

FYI, I did not invest with this idiot!

Frerro tries to trick mother market and makes money by burning funds of clients. And you Eddie who did same thing with clients funds years back, sit in front of computer and pleasure youself while other loose money.

Grazy world!

You mean the Megabot EA that I sold for 87$ life time license and the EA kept making money consistently and remained profitable for 6 years in a row after launch??!!

Your IQ level must be zero to make such comparison with what Frero is doing. Which is clearly hoping and praying and pretending to be a pro trader!
Title: Re: Frero system
Post by: Megabot on February 24, 2020, 02:52:59 PM
this crazy man has sold for total of 5.5 lots per $5K investment

so thats 55 lots per $100K and 550 lots per $1 million!!!!!

Really stupid risk management. I think he will margin call soon. No question about that
Title: Re: Frero system
Post by: Adrian the Sun on February 26, 2020, 09:11:49 AM
Quote
TP and SL are not appearent, they are live handled by the trader.

Marc Walton said the same thing to brother in law. Ended with *badabooom*

(https://i.ibb.co/fkr4Fym/myfxbook-amateur.png) (https://ibb.co/1rR8QPH)

This is differrent?

Classic.
Title: Re: Frero system
Post by: Megabot on February 27, 2020, 08:51:52 AM
Today this idiot has hit the margin call.

Wassel Madani is the frero trader and he got so lucky
For two years in a row. He should have had margin called long time ago.