Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => Managed Accounts & Signal Services => Topic started by: rippa on July 12, 2013, 09:46:05 AM

Title: FX Viper
Post by: rippa on July 12, 2013, 09:46:05 AM
Simpletrader's latest signal provider.
http://www.liveforextrading.info/forex-signal/633/FX-Viper.html (http://www.liveforextrading.info/forex-signal/633/FX-Viper.html)

MyFxBook Live account:
http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)

Maybe this is the one we were all waiting for?
Title: Re: FX Viper
Post by: forexdiva on July 12, 2013, 10:27:21 AM
LOL. you think so? It looks promising but less than 2 months no way. Look at pipharmony. Lets wait for another couple of months.
Title: Re: FX Viper
Post by: ForexSignals.com on July 12, 2013, 11:19:27 AM
Wait and see for yourself over the next few months....

This guy is trading more personal capital than I have ever seen. If I had $40k (instead of my $4k) to put behind his trading I'd do it.

In a few months you'll see what I mean.
Title: Re: FX Viper
Post by: rippa on July 12, 2013, 11:45:35 AM
fingers, toes (and testes) crossed  ;)
Title: Re: FX Viper
Post by: flatour on July 12, 2013, 12:23:55 PM
If I had $40k (instead of my $4k) to put behind his trading I'd do it.

Oh, you would put it here or in Fxamp...? Pfff!
Title: Re: FX Viper
Post by: flatour on July 12, 2013, 12:25:19 PM
For Will who say ST is sooo perfect, never had issues :

Quote
Why does Nick\'s account show a series of losses when the account was first opened?

These losses were a result of errors caused when setting up the master account on the trade copier. We were investigating the best combination of broker and server, during this time the copier disconnected and the stop loss was hit.

We are now comfortable with the set up of the master account so this won't be an issue in the future.
Title: Re: FX Viper
Post by: rippa on July 12, 2013, 12:29:50 PM
at least he had a stoploss in place ...
Title: Re: FX Viper
Post by: ForexSignals.com on July 12, 2013, 12:59:26 PM
For Will who say ST is sooo perfect, never had issues :

Quote
Why does Nick\'s account show a series of losses when the account was first opened?

These losses were a result of errors caused when setting up the master account on the trade copier. We were investigating the best combination of broker and server, during this time the copier disconnected and the stop loss was hit.

We are now comfortable with the set up of the master account so this won't be an issue in the future.

Are you kidding me?  Have you got nothing better to do than berate my business partner across this entire forum?

The error had nothing to do with Simpletrader.

Do me a favor and please don't subscribe to this signal.

Title: Re: FX Viper
Post by: odysseus11 on July 12, 2013, 01:01:08 PM
some positive some negative, needs time and history. He has 20 trades and less than a month.

One problem is the average win/loss in pip size. Its under 5 pips. That is going to make it VERY susceptible to execution issues and slippages from broker to broker, unless it is offered only via PAMM/MAM. We have signal copiers of every type struggle in this regard with glitch after glitch, and there is no room for error.

The good news here is that losers are also small in pip size, which is a tremendous positive. Lets see how it goes.
Title: Re: FX Viper
Post by: Okda on July 12, 2013, 01:11:59 PM
i like the idea that we will be copying from a REAL 100k worth account
Title: Re: FX Viper
Post by: bizmark on July 12, 2013, 01:15:43 PM
Hi Nick,

Is this 4 weeks free offer for FX Amplified customers meant to be activated anytime (let's say after months, so there will be longer history), or it is just 4 weeks from today? Doesn't make much sense to me to be "pushed in" without reasonable sample of trades.
Title: Re: FX Viper
Post by: ForexSignals.com on July 12, 2013, 01:18:13 PM
some positive some negative, needs time and history. He has 20 trades and less than a month.

One problem is the average win/loss in pip size. Its under 5 pips. That is going to make it VERY susceptible to execution issues and slippages from broker to broker, unless it is offered only via PAMM/MAM. We have signal copiers of every type struggle in this regard with glitch after glitch, and there is no room for error.

The good news here is that losers are also small in pip size, which is a tremendous positive. Lets see how it goes.

Just letting you guys know that I'm following this signal using the copier and it's getting better results than the master.

Hopefully it won't be an issue.

Title: Re: FX Viper
Post by: primi on July 12, 2013, 02:14:08 PM
I'll be testing this for you guys and once his equity curve starts looking to good to be true (rings any bells?) and you all jump aboard I'll stop.  ;) ;)

Average win in pips are absolutely of concern though.
Title: Re: FX Viper
Post by: Okda on July 12, 2013, 02:27:50 PM
Hi Nick,

Is this 4 weeks free offer for FX Amplified customers meant to be activated anytime (let's say after months, so there will be longer history), or it just 4 weeks from today? Doesn't make much sense to me to be "pushed" in without reasonable sample of trades.
I would like to have an answer to this message please

Sent from my GT-N7000 using Tapatalk 2

Title: Re: FX Viper
Post by: ColdHypno on July 12, 2013, 04:20:01 PM
Looks good so far, FX Viper comes and chats in the trading room too, for me that's a big plus.

Signed up, set to 3x risk (GBP account so it's around 2x risk in reality).

Title: Re: FX Viper
Post by: websmith on July 12, 2013, 05:17:17 PM
I try to analyse this stats http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)
Average Win: 3.98 pips or 0.14%
Risk per every trade is 10% (??? http://www.liveforextrading.info/forex-signal/633/FX-Viper.html (http://www.liveforextrading.info/forex-signal/633/FX-Viper.html) ???)
Let is assume we have $1000. We are risking $100 on every trade in order to get $1.4 (0.14%). So we should have 71 winning trades per 1 full SL only to be at BE.
Monthly: 3.72%
Well. We will be winning during 4 months in a row in order to lose all profit in one trade.  :-\
Conclusion: in spite of the fact that master account has $100k personally I doubt that this account will be profitable
Title: Re: FX Viper
Post by: kjen17 on July 12, 2013, 09:48:54 PM
i like the idea that we will be copying from a REAL 100k worth account

yes that's unusual, makes a change from the usual two-bit rubbish
Title: Re: FX Viper
Post by: SteveOSling on July 12, 2013, 10:35:19 PM
I try to analyse this stats http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)
Average Win: 3.98 pips or 0.14%
Risk per every trade is 10% (??? http://www.liveforextrading.info/forex-signal/633/FX-Viper.html (http://www.liveforextrading.info/forex-signal/633/FX-Viper.html) ???)
Let is assume we have $1000. We are risking $100 on every trade in order to get $1.4 (0.14%). So we should have 71% winning trades only to be at BE.
Monthly: 3.72%
Well. We will be winning during 4 months in a row in order to lose all profit in one trade.  :-\
Conclusion: in spite of the fact that master account has $100k personally I doubt that this account will be profitable
There's definitely a lot of merit in what you say. I suppose the only saving grace is the fact that not all losses will equal 10%, very few in fact.

But the big loss will inevitably come and wipe out much profit. Similar behaviour to a marty.

For sure, this system will need a fair sized account to generate profits safely.

One has to respect the master account size however!!
Title: Re: FX Viper
Post by: ForexSignals.com on July 13, 2013, 01:44:59 AM
The trader has actually given me a maximum risk of around 5% per trade, however I've chosen to publish 10% because I'd rather give him a buffer.

I also don't want to have to  deal with people freaking out then having to defend him and justify the trade if he decides to go above 5% for a legitimate reason.

If you want to see a little bit more history you can check out his demo account taking the same trades. http://www.myfxbook.com/members/FXViperTrading/fx-viper-master-account/616044 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-master-account/616044)

We were going to use this as a master initially before we decided to go with a live account master
Title: Re: FX Viper
Post by: Pipstar on July 13, 2013, 05:08:16 AM
Hi Nick,

Where do I sign up for the 4 weeks trial? Your website shows 2 weeks to trial.

Title: Re: FX Viper
Post by: rippa on July 13, 2013, 05:42:48 AM
Hi Nick,

Where do I sign up for the 4 weeks trial? Your website shows 2 weeks to trial.
The introductory email states, "Exclusive 4 Week Free Trial For FX Amplified Subscribers".
Are you a current customer of FxAmplified?
Title: Re: FX Viper
Post by: pj on July 13, 2013, 05:47:01 AM
Hi Nick,

I think its better to not give a buffer. If the trader says 5 % max risk per trade basket then that should be it. If he goes over then that is a warning sign to subscribers .To give him a 5% leeway says " I dont trust him". Anyway thanks for the free 4 week trial. Very generous of you.

cheers
PJ
Title: Re: FX Viper
Post by: traderpip on July 13, 2013, 06:24:51 AM
It appears from the trading style that the 5% (or 10%) max loss may simply be an emergency stop.  And just because the emergency stop is there does not necessarily mean that an open trade down pips will be held until it hits stop.  I think people should not jump to that conclusion until we see how the trader handles the trades live.

Furthermore, if you look at the normal duration time of the trades they are quite short.  Moreover, from the time of day the trades are open it seems this trader is trading during periods when there is no major impact news being released which adds an extra layer of safety.

Unlike amplified which can open trades at any time of day, trade through news and go through the hope and pray of recovery if the market goes against him this trader seems a little more strategic in terms of when he takes his trades.  That is not to say that both styles cannot be successful it is just a matter of perhaps this being a slightly more cautious approach as to when positions are being opened.

Though the history is somewhat short it does look quite promising.   If the assumption about the cautious approach is correct and the trader displays the ability to enter and exit trades in strategic manner that mitigates the risk on the overall account then he could be very successful with this style. 

Title: Re: FX Viper
Post by: BoozyBum on July 13, 2013, 09:18:45 AM
If I had $40k (instead of my $4k) to put behind his trading I'd do it.

Oh, you would put it here or in Fxamp...? Pfff!

I wish there weren't rules that stopped me from abusing people.
Title: Re: FX Viper
Post by: SteveOSling on July 16, 2013, 11:50:57 AM
First trade for me.

7.3 pips on Excel
6.2 on LQD

Nice start, I'm happy.
Title: Re: FX Viper
Post by: rippa on July 16, 2013, 12:00:30 PM
6.2 Thinkforex
6.3 Pepperstone

good start  ;)
first of many, I hope.
Title: Re: FX Viper
Post by: forexbaby on July 16, 2013, 12:05:49 PM
7.2 axi pro ecn
Title: Re: FX Viper
Post by: Okda on July 16, 2013, 12:21:09 PM
first trade for me also with Viper

6.4 Forex.com & ST VPS
Title: Re: FX Viper
Post by: bizmark on July 16, 2013, 12:28:05 PM
Hi Nick,

Is this 4 weeks free offer for FX Amplified customers meant to be activated anytime (let's say after months, so there will be longer history), or it just 4 weeks from today? Doesn't make much sense to me to be "pushed" in without reasonable sample of trades.
I would like to have an answer to this message please

Sent from my GT-N7000 using Tapatalk 2

Nick, have you noticed this question?
Title: Re: FX Viper
Post by: ForexSignals.com on July 16, 2013, 12:33:21 PM
Hi Nick,

Is this 4 weeks free offer for FX Amplified customers meant to be activated anytime (let's say after months, so there will be longer history), or it just 4 weeks from today? Doesn't make much sense to me to be "pushed" in without reasonable sample of trades.
I would like to have an answer to this message please

Sent from my GT-N7000 using Tapatalk 2

Nick, have you noticed this question?

Sorry, I missed this question.

I'll cut off the 4 week trial on the 1st of August when we open it up to the public.
Title: Re: FX Viper
Post by: primi on July 16, 2013, 12:57:36 PM
7.5 before commission for me.
Title: Re: FX Viper
Post by: rippa on July 18, 2013, 01:53:00 PM
He doesn't trade very much, does he?  ::)
Title: Re: FX Viper
Post by: Okda on July 18, 2013, 07:27:19 PM
He doesn't trade very much, does he?  ::)

he said he won't trade yesterday and today due to high impact news

check ==> http://www.liveforextrading.info/forum/upcoming-forex-signals/40-fx-viper-6.html (http://www.liveforextrading.info/forum/upcoming-forex-signals/40-fx-viper-6.html)
Title: Re: FX Viper
Post by: primi on July 22, 2013, 11:48:47 AM
I believe there was a +2.6 pip trade before commission.
Title: Re: FX Viper
Post by: AttilaG on July 22, 2013, 11:58:44 AM

     I got   1.5 pips  on Pepper and 2.1 pips on Armada using ST Vps.
     This wont be enough for the subscription on a small account.
Title: Re: FX Viper
Post by: primi on July 22, 2013, 03:21:18 PM
+6.7 pips on another trade, entered after the news.
Title: Re: FX Viper
Post by: Paracelsus on July 22, 2013, 03:53:41 PM

     I got   1.5 pips  on Pepper and 2.1 pips on Armada using ST Vps.
     This wont be enough for the subscription on a small account.

Running it with larger lots, this EA is pretty profitable. Over the past week it has already produced double of the monhtly subscription fees for me.
Title: Re: FX Viper
Post by: Spacey on July 22, 2013, 04:14:28 PM

     I got   1.5 pips  on Pepper and 2.1 pips on Armada using ST Vps.
     This wont be enough for the subscription on a small account.

Running it with larger lots, this EA is pretty profitable. Over the past week it has already produced double of the monhtly subscription fees for me.

It's a manual strategy isn't it?
Title: Re: FX Viper
Post by: SubZeroFX on July 22, 2013, 04:17:22 PM

     I got   1.5 pips  on Pepper and 2.1 pips on Armada using ST Vps.
     This wont be enough for the subscription on a small account.

Running it with larger lots, this EA is pretty profitable. Over the past week it has already produced double of the monhtly subscription fees for me.

It's a manual strategy isn't it?
Yes, it's manual. Please read manual/information about systems you are investing in.
Title: Re: FX Viper
Post by: ForexSignals.com on July 22, 2013, 11:43:33 PM

     I got   1.5 pips  on Pepper and 2.1 pips on Armada using ST Vps.
     This wont be enough for the subscription on a small account.

Running it with larger lots, this EA is pretty profitable. Over the past week it has already produced double of the monhtly subscription fees for me.

I'm glad you like his style.

I just want to confirm it's 100% manual, there is some discussion directly with the trader on our site - http://www.liveforextrading.info/forum/upcoming-forex-signals/40-fx-viper.html (http://www.liveforextrading.info/forum/upcoming-forex-signals/40-fx-viper.html)
Title: Re: FX Viper
Post by: odysseus11 on July 22, 2013, 11:51:03 PM
I am sorely tempted, have to admit.
Lost on all ST signals to date, sometimes huge, like Erio and Ping, sometimes just a little bit, like Amp and MLA - but all losers or close regardless, after fees. And I have similar reservations with this one. With small TP targets, and a copiers execution frailties, my scaling would HAVE to be tiny to be comfortable in expected DD. And with that scaling, I likely wouldnt beat the sub fees. thats the rub with these things.

I like Steves method of going for 5X the sub fee. Unfortunately, doing that disqualifies all sigs so far if u want to keep DD low.
Title: Re: FX Viper
Post by: ForexSignals.com on July 23, 2013, 12:12:39 AM
I am sorely tempted, have to admit.
Lost on all ST signals to date, sometimes huge, like Erio and Ping, sometimes just a little bit, like Amp and MLA - but all losers or close regardless, after fees. And I have similar reservations with this one. With small TP targets, and a copiers execution frailties, my scaling would HAVE to be tiny to be comfortable in expected DD. And with that scaling, I likely wouldnt beat the sub fees. thats the rub with these things.

I like Steves method of going for 5X the sub fee. Unfortunately, doing that disqualifies all sigs so far if u want to keep DD low.

I totally understand where you're coming from. There are quite a few people in a similar boat to you odysseus.

I am very aware that there are more people that have lost money than made money following our traders. The only way we are going to succeed in this game is if we can link in with profitable systems.

Without going into detail on how freaking hard that is to do, I will say that things have changed significantly for us in the past 3 months as the site has started to grow and we've made more contacts.

I'm not pushing FX Viper hard because I think it will sell it's self in a few months. However I will say to you (and anyone else that's been burned with one of our signals) that I'll leave the door open for you indefinitely to jump on board this guy with 4 weeks free and $69 per month.

Take your time and just let me know when you're ready.

I really am determined to help you make money. Because if you're making money then everything else falls into place for us. Without that first link in the chain the rest of it is pointless.

Title: Re: FX Viper
Post by: odysseus11 on July 23, 2013, 12:20:10 AM
Thanks Nick, and its your attitude that keeps me coming back - very much appreciated, and I always have good things to say about your  (and Will's) customer service and professionalism, still hoping to see the positive results in the accounting column for myself at some point - will keep an eye on this and take advantage of that offer when I see some consistency play out - and again thanks for extending that to us.

What most frustrating is that I am a profitable trader already for myself, its really a downer to have to continually make up for the losses of EAs and signals. Thats why I quit a while back.
Title: Re: FX Viper
Post by: forexbaby on July 23, 2013, 04:00:39 AM
he is a safe trader, he does not trade news. Very good
Title: Re: FX Viper
Post by: primi on July 23, 2013, 06:26:34 PM
+1.0 before commission and most importantly flat into tomorrow's rather busy day.
Title: Re: FX Viper
Post by: Spacey on July 23, 2013, 08:28:22 PM
Did anyone else miss the last GU trade? Running EA v1.7. My friend who is running DC got the trade.
Title: Re: FX Viper
Post by: primi on July 23, 2013, 08:32:03 PM
Got it. +2.5 but running an older copier.
Title: Re: FX Viper
Post by: Aplmustdie on July 23, 2013, 08:44:07 PM
I'm on 1.7 as well, 1.1 pips after commission
Title: Re: FX Viper
Post by: SteveOSling on July 23, 2013, 10:13:13 PM
I am running 1.7 and I got it. 3.1 pips


Cheers

Jeff
Demo or live Jeff?
Title: Re: FX Viper
Post by: Shortos on July 23, 2013, 10:55:32 PM
cool. don't trade news is good news
and there will be managed account here as well? :)
Title: Re: FX Viper
Post by: rippa on July 24, 2013, 12:33:06 AM
My results,
EU trade: +0.3 Thinkforex, -0.1 Pepperstone
GU trade: +2.1 Thinkforex, +0.7 Pepperstone
Title: Re: FX Viper
Post by: odysseus11 on July 24, 2013, 12:43:37 AM
Kinda weird to be going for 1 and 2 pip gains with a trade copier - the execution and slippage issues alone really seem like they would hurt results.

I'm giving this a try to see what happens.
Title: Re: FX Viper
Post by: ForexSignals.com on July 24, 2013, 03:51:49 AM
The performance of this signal on the copier should be better than FX Amplified for a few reasons.  He doesn't use pending orders and he uses a live account master with wider spreads than most brokers.

I got some worrying news earlier about liquidity when we have a few hundred people signed up to a scalping signal. It's not the size of the orders that screws with the liquidity, but the large number of  orders.

One client executing 1000 lots is better than 100 clients trading 1 lot.

I'm still debating how to handle this with FX Viper.

I'll likely cut off subscriptions pretty quickly and offer the MAM option similar to what we've done with FX Amplified.

I'll let you know what we decide to do.
Title: Re: FX Viper
Post by: dukas on July 24, 2013, 08:58:36 PM
Yep, absolutely agreed with you on this, Nick.
Title: Re: FX Viper
Post by: ccjhuang on July 25, 2013, 12:53:25 AM
things are not looking good for the AUDUSD trade...still in 30+ pips drawdown :(
Title: Re: FX Viper
Post by: Aplmustdie on July 25, 2013, 01:13:09 AM
I hate to say it, but this is looking more and more like a bet the farm S/L with a few pips take profit.  How is this different than Amp?
Title: Re: FX Viper
Post by: ForexSignals.com on July 25, 2013, 01:35:42 AM
I hate to say it, but this is looking more and more like a bet the farm S/L with a few pips take profit.  How is this different than Amp?

There are a few similarities to FX Amplified, however critically:

- He's trading a live $100k account (how many times have you seen a signal provider offer this kind of confidence in his own trading)
- He has a SL in place
- He never trades into news

If you read the FX Amplified thread, 9 out of every 10 complaints are about these 3 things.

He also went into this trade targeting more pips. Not every trade will be a 2-5 pip winner and you'll see this in time.

I can also tell you that he's likely to average into this trade if it continues into the wrong direction, so please don't freak out when it happens.

Title: Re: FX Viper
Post by: Aplmustdie on July 25, 2013, 02:17:29 AM
I hate to say it, but this is looking more and more like a bet the farm S/L with a few pips take profit.  How is this different than Amp?

There are a few similarities to FX Amplified, however critically:

- He's trading a live $100k account (how many times have you seen a signal provider offer this kind of confidence in his own trading)
- He has a SL in place
- He never trades into news

If you read the FX Amplified thread, 9 out of every 10 complaints are about these 3 things.

He also went into this trade targeting more pips. Not every trade will be a 2-5 pip winner and you'll see this in time.

I can also tell you that he's likely to average into this trade if it continues into the wrong direction, so please don't freak out when it happens.

I'll give you the first point.  Yes, $100k live account is impressive. 

The stop loss is there, but about 100 pips out is still a big S/L compared to his track record so far of a 0-9 pips profit.

Yes, he isn't trading into news and that is great.  But the entry wasn't much better than if he had, and chose the wrong way.  Trying to predict a reversal on a free fall doesn't play into him trying to get more than a few pips.  I'm not trying to analyze this trade, I'm sure he has his reasons, but show me sidelined and watching for awhile.  I'll average out of these trades myself.  My confidence isn't there and I'll need to watch for awhile. 
Title: Re: FX Viper
Post by: ForexSignals.com on July 25, 2013, 12:40:55 PM
I hate to say it, but this is looking more and more like a bet the farm S/L with a few pips take profit.  How is this different than Amp?

There are a few similarities to FX Amplified, however critically:

- He's trading a live $100k account (how many times have you seen a signal provider offer this kind of confidence in his own trading)
- He has a SL in place
- He never trades into news

If you read the FX Amplified thread, 9 out of every 10 complaints are about these 3 things.

He also went into this trade targeting more pips. Not every trade will be a 2-5 pip winner and you'll see this in time.

I can also tell you that he's likely to average into this trade if it continues into the wrong direction, so please don't freak out when it happens.

I'll give you the first point.  Yes, $100k live account is impressive. 

The stop loss is there, but about 100 pips out is still a big S/L compared to his track record so far of a 0-9 pips profit.

Yes, he isn't trading into news and that is great.  But the entry wasn't much better than if he had, and chose the wrong way.  Trying to predict a reversal on a free fall doesn't play into him trying to get more than a few pips.  I'm not trying to analyze this trade, I'm sure he has his reasons, but show me sidelined and watching for awhile.  I'll average out of these trades myself.  My confidence isn't there and I'll need to watch for awhile.

Fair play, I wouldn't expect you to be comfortable with a trader that takes small wins while occasionally leaving himself exposed to a 100 pip potential drawdown after only 50 trades.

After you've seen 1,000 trades you should start to get more comfortable, but until then I completely understand where you're coming from - I'd feel the same way if I was you.
Title: Re: FX Viper
Post by: Shortos on July 25, 2013, 01:15:08 PM
Hi Nick


I read you planning to launch Viper MAM, this is great news.
my question about Viper MAM is it will be under SynergyFX MAM as well?
So after launched can we add next to the FXAmp with our same account?
or if we decide to change FxAmp LPOA to Viper (revoke and sign a new to the Viper) would be good to use our current SynergyFX account


thx
Title: Re: FX Viper
Post by: ForexSignals.com on July 25, 2013, 01:18:40 PM
Hi Nick


I read you planning to launch Viper MAM, this is great news.
my question about Viper MAM is it will be under SynergyFX MAM as well?
So after launched can we add next to the FXAmp with our same account?
or if we decide to change FxAmp LPOA to Viper (revoke and sign a new to the Viper) would be good to use our current SynergyFX account


thx

Yes, that's correct.
Title: Re: FX Viper
Post by: Shortos on July 25, 2013, 01:32:54 PM
Hi Nick


I read you planning to launch Viper MAM, this is great news.
my question about Viper MAM is it will be under SynergyFX MAM as well?
So after launched can we add next to the FXAmp with our same account?
or if we decide to change FxAmp LPOA to Viper (revoke and sign a new to the Viper) would be good to use our current SynergyFX account


thx

Yes, that's correct.


Thank you. I hope it will be available beginning of next month :)
Title: Re: FX Viper
Post by: jsintl on July 25, 2013, 06:36:09 PM
Finally closed at +2.7 pips.
Title: Re: FX Viper
Post by: civfan on July 25, 2013, 11:03:37 PM
Ok, don't get me wrong, I am just trying to understand the risk here: When you say he doesn't trade through news, you believe that he would close the audusd position with -50pips loss if the pair didn't recover at time before news? Because I think the pair was about -50 pips loss, and then luckily recovery before the news come out.

If he had assume the potential loss of 50 pips, you would end not only the day but the two last weeks in red.
Title: Re: FX Viper
Post by: primi on July 25, 2013, 11:28:15 PM
He doesn't intentionally open a trade 6 minutes before major news thinking he got the direction right. If he's stuck in a trade that's another story and we have yet to see how situations like that are handled. And how 'runaway' trades are handled. We just don't have that information yet so a lot of caution is needed. Almost infinite SL for a few measly pips of profit always looks great while it's working. But it never works for long. And when it stops working shit really hits the fan as is pretty obvious right now on another signal. It's just a complete mystery to me why that always happens as soon as I touch something.

Be warned. I'm currently subscribing to MLA (worked for a month then hit the worst DD on record), Amplified (worked for a month than hit the worst DD on record) and also Viper (will undoubtfully work for a month then...).

One thing is certain. I'm not increasing my capital again for any EA or signal. They have what's left to play with until I pull the plug. Throwing more money at a problem just doesn't always solve it.
Title: Re: FX Viper
Post by: civfan on July 26, 2013, 12:22:49 AM
If I am understanding it right, he would add a position to the trade after the news, IF the news wouldn´t lead immediately to a full SL of 100 pips (that was the initial SL set to the trade wasn't it?)...
Title: Re: FX Viper
Post by: ForexSignals.com on July 31, 2013, 02:17:28 PM
Hey guys,

Just a heads up that FX Viper may not trade this week due to the amount of news on the horizon.

He is sitting in front of the charts and if he sees a slam dunk he'll pull the trigger, but it needs to be a very high probability trade and not with an impending news release.
Title: Re: FX Viper
Post by: primi on August 06, 2013, 01:32:29 PM
I believe that was an 11 pipper. The first one on record too. Good job.
Title: Re: FX Viper
Post by: AttilaG on August 06, 2013, 02:01:40 PM

      I got   6.5 on Armada and  4.4 pips on Pepperstone
      using ST Vps  :)
Title: Re: FX Viper
Post by: jshear on August 06, 2013, 02:17:39 PM
Didn't this guy do 2 trades today? I am confused?


Cheers

Jeff
Title: Re: FX Viper
Post by: primi on August 06, 2013, 02:20:21 PM
Yep, +11.5 and +7.3 before commission for me.  :)
Title: Re: FX Viper
Post by: Okda on August 06, 2013, 02:42:33 PM
10 & 3.9 here
Title: Re: FX Viper
Post by: primi on August 06, 2013, 03:24:32 PM
He squeezed another one in. +4.0 before commission
Title: Re: FX Viper
Post by: nwboater on August 06, 2013, 03:30:15 PM
Didn't this guy do 2 trades today? I am confused?


Cheers

Jeff

Yes he did Jeff, and now a third.

Cheers,
Rod
Title: Re: FX Viper
Post by: kjen17 on August 06, 2013, 06:52:19 PM
and a fourth
Title: Re: FX Viper
Post by: jshear on August 06, 2013, 06:52:49 PM
How many pips for the day? I see Nick got 23.6 pips today on his account.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: Okda on August 06, 2013, 08:15:30 PM
18.8 here on Forex.com

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: mrniel on August 10, 2013, 06:19:23 AM
How many pips for the day? I see Nick got 23.6 pips today on his account.


Cheers

Jeff ;)
jeff im very shocked it has taken you so long for the penny to drop.viper looks like he will be a star trader keep on learning and try your best

24 at Armada  8) : a nice change from Fx Amp which I have stopped.
Title: Re: FX Viper
Post by: jshear on August 10, 2013, 01:59:58 PM
Any more pips last week?


Jeff
Title: Re: FX Viper
Post by: Paracelsus on August 10, 2013, 04:37:51 PM
Excellent trades again this week! It looks like a keeper.

Since max. SL can be deep (up to 90 pips), it is important NOT to increase risk beyond the Master account.
Title: Re: FX Viper
Post by: AttilaG on August 13, 2013, 02:05:23 PM
 
     I got  4.1 pips on Armada and  3.8 pips on Pepperstone. :)
Title: Re: FX Viper
Post by: ultracat on August 13, 2013, 04:10:07 PM
5.3 and 5.0 pips on Armada for me....VPS location maybe?

Does anyone know if these are the sort of TPs that are normal for Viper?  If so I may increase my risk soon.  On my small 1500GBP live test account, these trades are only making me 2-3GBP each.  I won't make the sub cost at this account funding and/or risk level.
Title: Re: FX Viper
Post by: primi on August 13, 2013, 04:55:27 PM
5.3 and 5.0 pips on Armada for me....VPS location maybe?

Does anyone know if these are the sort of TPs that are normal for Viper?  If so I may increase my risk soon.  On my small 1500GBP live test account, these trades are only making me 2-3GBP each.  I won't make the sub cost at this account funding and/or risk level.
You have no idea what DD looks like yet. Be careful.
Title: Re: FX Viper
Post by: ultracat on August 13, 2013, 04:58:25 PM
*soon*   ;D

My plan is to run it at least 1 month before raising risk.  From my recent FX Amp experience I think I will most likely wait longer.
Title: Re: FX Viper
Post by: compujock on August 13, 2013, 05:01:56 PM
Does anyone know if these are the sort of TPs that are normal for Viper?  If so I may increase my risk soon.  On my small 1500GBP live test account, these trades are only making me 2-3GBP each.  I won't make the sub cost at this account funding and/or risk level.
Just remember stoploss is 100 pips and he can open a 2nd "averaging" trade, so set risk accordingly.
Title: Re: FX Viper
Post by: ForexSignals.com on August 13, 2013, 11:07:27 PM
Does anyone know if these are the sort of TPs that are normal for Viper?  If so I may increase my risk soon.  On my small 1500GBP live test account, these trades are only making me 2-3GBP each.  I won't make the sub cost at this account funding and/or risk level.
Just remember stoploss is 100 pips and he can open a 2nd "averaging" trade, so set risk accordingly.

I absolutely agree that you need to set your risk accordingly, however the stop loss isn't 100 pips.

Very occasionally the trader will set a 100 pip hard stop if a trade is open while he's sleeping. This is very different to having a 100 pip stop on every trade.

Maximum risk per basket of trades is 10%, however most trades are exited well inside 5%.
Title: Re: FX Viper
Post by: compujock on August 13, 2013, 11:35:18 PM
Ok.  But I have seen trades with 100 pip stop as you said and I've seen one of those trades with over 50 pips in drawdown, and of course it could have hit that 100 pip stop while he was sleeping.  So I think we have to plan our risk according with a 100 pip stop in mind as well as a possible averaging trade.  We also need to remember that 10% risk is at default settings so we have to multiply that if we set risk any higher.
Title: Re: FX Viper
Post by: Spacey on August 14, 2013, 10:18:08 AM
Ok.  But I have seen trades with 100 pip stop as you said and I've seen one of those trades with over 50 pips in drawdown, and of course it could have hit that 100 pip stop while he was sleeping.  So I think we have to plan our risk according with a 100 pip stop in mind as well as a possible averaging trade.  We also need to remember that 10% risk is at default settings so we have to multiply that if we set risk any higher.

No, he's said that he uses a trade manager while sleeping he's probably utilizing hidden stops and then just has a hard emergency stop. Also I asked him about the 50 pip DD and it was because of a weekend gap, and it did end up closing in profit.
Title: Re: FX Viper
Post by: odysseus11 on August 14, 2013, 12:56:01 PM
I am enjoying this trader so far but I agree with the risk vs fees statement, its totally true. When my free version runs out, I am out. Risking 10% on a single basket in my own opinion is INSANE risk. At a scaling of .1 basket risk is 1%, which is more like it for my own tolerance but hey everyone is different. And at .1 scaling on an account that make 3 pips a trade, theres no way to cover the fees unless its running on a $1M account. Havent done the exact math, but u get my point.
Title: Re: FX Viper
Post by: forexbaby on August 14, 2013, 12:57:56 PM
need a bigger account to cover the sub fee per mth unless Nick opens a pamm.

still monitoring the rr and see how.....
Title: Re: FX Viper
Post by: Steve Cole on August 14, 2013, 01:20:09 PM
Ok.  But I have seen trades with 100 pip stop as you said and I've seen one of those trades with over 50 pips in drawdown, and of course it could have hit that 100 pip stop while he was sleeping.  So I think we have to plan our risk according with a 100 pip stop in mind as well as a possible averaging trade.  We also need to remember that 10% risk is at default settings so we have to multiply that if we set risk any higher.

No, he's said that he uses a trade manager while sleeping he's probably utilizing hidden stops and then just has a hard emergency stop. Also I asked him about the 50 pip DD and it was because of a weekend gap, and it did end up closing in profit.


You just made the point yourself and actually confirmed what “ compujock” stated.

It makes no difference if the 50 pips draw down was due to a weekend gap, it happen, makes no difference if he used a trade manager to keep control of his trade.

To set your correct risk factor you need to dial in the stated 100 pip stop lose, because if he was willing to leave a trade open over the weekend , the trader was will to put the 100 pip stop  “on the line “ as the hard stop. That is the risk you face, make no mistake about it.

Unlike what Nick says, that not every trade has a 100 pip stop, of coarse it does not when the scalp trade works out no need for the stop lose, but make no mistake your risk is the 100 pip stop at a max point or so user hope.

Or what do you think he was thinking leaving the trade open over the weekend when it gap down 50 pips,

The only problem is the users have to hope the 100 pip stop does not move like it happens with FX Amplified

Remember there a new catchy phase going around now , “Maximum risk per basket of trades is 10%” everyone now seems to be using it, if you break this down it could also mean 1 trade open that can float open UP TO 10% regardless of the stop lose limit , so you could have a trade go 200+ pips into a draw down and still not get near the 10% equity draw down, people with large accounts will tend to UNDER- LEVEAGE and let trades float in massive floating  loses while only worrying about equity draw down, its and old trick,

Then when you look at the myfxbook for the provider the trade may close positive and have been floating in “real time” in a massive 200+ pip of floating losses, but the equity   draw down never shows anything greater then the stated 10% and in “after the fact” history it looks good.

Just look at FX Amplified you got a prefect example, keeps the equity draw down low, and lets trade run over 200+ pips in floating loses,

Problem is that you never make any real money since you always have to under-leverage for fear of risk that once a trade goes bad it will not be closed until it returns to positive “eye candy”

BUT, BUT when and if the 10% equity draw down does happen it almost wipes out about 3-4 months of gains, count on it. 

Its just a new way to hide a bad entry with a trade that refuse to close a trade because they care more about stats then real returns.
Title: Re: FX Viper
Post by: ForexSignals.com on August 15, 2013, 12:29:11 AM
The point I'm making is that the trader doesn't risk 100 pips to make 5-10.

FX Viper has a few similarities to FX Amplified, however please remember this guy is a completely different trader using a different strategy.

It's incredibly unlikely that the drawdown will exceed 5%, the stated 10% partially a buffer to ensure people don't turn up their risk too high and then blame me when we hit a drawdown that was inside the original parameters of the strategy.

Time will tell. Once there is more history you guys will see why I'm so comfortable with FX Viper.

For those that can't afford the monthly subscription fees we are offering a MAM with SynergyFX.

- No reoccurring fee
- 30% performance fee
- Institutional price feed and execution
- Start from only $500USD

If you want to jump on  board please follow the steps on our site:

http://www.liveforextrading.info/forum/forum/forex-signals/fx-viper/1590-fx-viper-managed-account (http://www.liveforextrading.info/forum/forum/forex-signals/fx-viper/1590-fx-viper-managed-account)
Title: Re: FX Viper
Post by: SteveOSling on August 17, 2013, 11:06:57 AM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Title: Re: FX Viper
Post by: ForexSignals.com on August 17, 2013, 01:58:24 PM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Yes, it's possible. However we'll only do it if there is enough demand.

Running multiple MAM's is a bit of a pain from an administrative point of view. 

If you PM me with the level of investment you're considering I'm happy to discuss it.
Title: Re: FX Viper
Post by: forexfish on August 17, 2013, 02:03:54 PM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Yes, it's possible. However we'll only do it if there is enough demand.

Running multiple MAM's is a bit of a pain from an administrative point of view. 

If you PM me with the level of investment you're considering I'm happy to discuss it.

It says it is VERIFIED but it is not

http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883 (http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883)

Can you verify this ?

Title: Re: FX Viper
Post by: forexfish on August 17, 2013, 02:09:52 PM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Yes, it's possible. However we'll only do it if there is enough demand.

Running multiple MAM's is a bit of a pain from an administrative point of view. 

If you PM me with the level of investment you're considering I'm happy to discuss it.

It says it is VERIFIED but it is not

http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883 (http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883)

Can you verify this ?

Also am struggling to locate this broker at FPA

http://www.forexpeacearmy.com/public/forex_broker_reviews (http://www.forexpeacearmy.com/public/forex_broker_reviews)

Is it this one ?

http://www.forexpeacearmy.com/public/review/prime4x.com (http://www.forexpeacearmy.com/public/review/prime4x.com)

Why dont you run a PAMM at UK, AUS regulated broker to get more attention.
Title: Re: FX Viper
Post by: Spacey on August 17, 2013, 04:47:18 PM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Yes, it's possible. However we'll only do it if there is enough demand.

Running multiple MAM's is a bit of a pain from an administrative point of view. 

If you PM me with the level of investment you're considering I'm happy to discuss it.

It says it is VERIFIED but it is not

http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883 (http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883)

Can you verify this ?

Also am struggling to locate this broker at FPA

http://www.forexpeacearmy.com/public/forex_broker_reviews (http://www.forexpeacearmy.com/public/forex_broker_reviews)

Is it this one ?

http://www.forexpeacearmy.com/public/review/prime4x.com (http://www.forexpeacearmy.com/public/review/prime4x.com)

Why dont you run a PAMM at UK, AUS regulated broker to get more attention.

IIRC they're using CFH Markets, it's an institutional broker min deposit $50,000.
Title: Re: FX Viper
Post by: forexfish on August 17, 2013, 05:15:33 PM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Yes, it's possible. However we'll only do it if there is enough demand.

Running multiple MAM's is a bit of a pain from an administrative point of view. 

If you PM me with the level of investment you're considering I'm happy to discuss it.

It says it is VERIFIED but it is not

http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883 (http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883)

Can you verify this ?

Also am struggling to locate this broker at FPA

http://www.forexpeacearmy.com/public/forex_broker_reviews (http://www.forexpeacearmy.com/public/forex_broker_reviews)

Is it this one ?

http://www.forexpeacearmy.com/public/review/prime4x.com (http://www.forexpeacearmy.com/public/review/prime4x.com)

Why dont you run a PAMM at UK, AUS regulated broker to get more attention.

IIRC they're using CFH Markets, it's an institutional broker min deposit $50,000.

Thanks Spacey

Is it this one   http://www.cfhmarkets.ru/ (http://www.cfhmarkets.ru/)
Title: Re: FX Viper
Post by: Okda on August 18, 2013, 09:52:25 AM
Why discussing 2m trader in viper thread?

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: Spacey on August 18, 2013, 09:03:03 PM
Nick, any chance of getting some GBP denominated MAMs on the go? Cheers

Sent via Telepathy

Yes, it's possible. However we'll only do it if there is enough demand.

Running multiple MAM's is a bit of a pain from an administrative point of view. 

If you PM me with the level of investment you're considering I'm happy to discuss it.

It says it is VERIFIED but it is not

http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883 (http://www.myfxbook.com/members/NicksSmall/2-million-dollar-master-liveforextradinginfo/641883)

Can you verify this ?

Also am struggling to locate this broker at FPA

http://www.forexpeacearmy.com/public/forex_broker_reviews (http://www.forexpeacearmy.com/public/forex_broker_reviews)

Is it this one ?

http://www.forexpeacearmy.com/public/review/prime4x.com (http://www.forexpeacearmy.com/public/review/prime4x.com)

Why dont you run a PAMM at UK, AUS regulated broker to get more attention.

IIRC they're using CFH Markets, it's an institutional broker min deposit $50,000.

Thanks Spacey

Is it this one   http://www.cfhmarkets.ru/ (http://www.cfhmarkets.ru/)

No it's here
http://www.cfhclearing.com/ (http://www.cfhclearing.com/)

As you can see their prime LPs are BofA Merrill Lynch & Morgan Stanley.
Title: Re: FX Viper
Post by: rippa on August 19, 2013, 03:22:46 AM
Why discussing 2m trader in viper thread?

maybe it's because of the graph of that account in Nick's sig?  ???
Title: Re: FX Viper
Post by: rivy on August 19, 2013, 03:39:30 AM
The average win pips is about 4pips. Is it a super scalper? ;)
Simpletrader's latest signal provider.
http://www.liveforextrading.info/forex-signal/633/FX-Viper.html (http://www.liveforextrading.info/forex-signal/633/FX-Viper.html)

MyFxBook Live account:
http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)

Maybe this is the one we were all waiting for?
Title: Re: FX Viper
Post by: Okda on August 20, 2013, 09:37:23 AM
Yes, a scalper using large lots

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: rippa on August 22, 2013, 12:38:11 AM
Last trade looks like master account got positive pips while followers got negative result...  :(
Title: Re: FX Viper
Post by: Okda on August 22, 2013, 08:47:37 AM
I got a -1 pip, slippage was -4.6 pips
This is the first time to see such huge difference

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: SteveOSling on August 22, 2013, 10:33:04 AM
Minus 1.7pips for me with LQD. Disappointing but tolerable so long as it just remains restricted to the odd trade.

Rippa, thanks for your lot multiplier tip. I'm now testing it (complete with lot restriction mode enabled in case something goes wrong) on this signal.

One thing to watch is things like this last trade where masters balance has increased and mine has decreased as lot multiplier won't adjust to this.

Thanks again.
Title: Re: FX Viper
Post by: SubZeroFX on August 22, 2013, 10:44:00 AM
You guys using any VPS?

I am using VPS and I did got exactly 0 pips but I paid commission so I am negative on that trade.
Title: Re: FX Viper
Post by: rippa on August 22, 2013, 11:03:04 AM
Yes, CNS VPS.
I got -0.5 and -0.9

Thanks again.
No worries. Just don't blame me if something goes wrong  ;)
Title: Re: FX Viper
Post by: SteveOSling on August 22, 2013, 11:21:01 AM
You guys using any VPS?

I am using VPS and I did got exactly 0 pips but I paid commission so I am negative on that trade.
I'm using a Home PC in the SE of the UK. Solid fibre optic connection so should be good enough. No commission on my account and I need to add a rebate of about 0.36 pips on that trade.

VPS is superior but account is not big enough to warrant it.........
Title: Re: FX Viper
Post by: ForexSignals.com on August 22, 2013, 12:18:39 PM
Everyone got slipped yesterday guys.

Even the traders local copier where he transmits onto his main accounts got slipped to a break even point.

It was a fast moving market, so don't stress :)
Title: Re: FX Viper
Post by: FX Infinity Fund on August 22, 2013, 04:44:30 PM
Didn't get much slippage, Only lost 0.37 cents  :)
Title: Re: FX Viper
Post by: SubZeroFX on August 22, 2013, 06:39:06 PM
Didn't get much slippage, Only lost 0.37 cents  :)
What broker is that?
Title: Re: FX Viper
Post by: FX Infinity Fund on August 22, 2013, 06:50:47 PM
Pepperstone
Title: Re: FX Viper
Post by: primi on August 23, 2013, 06:34:09 PM
-1.2 pips before commission for me on this last trade at armada.
Title: Re: FX Viper
Post by: Okda on August 23, 2013, 07:35:53 PM
-1.9 pips with a slippage of -2.3
Seems to follow viper you better use the mam

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: AttilaG on August 23, 2013, 09:59:29 PM
 
     I got  -2.3 and -1.8  on Pepperstone and Armada
     using ST Vps :(
Title: Re: FX Viper
Post by: AttilaG on August 24, 2013, 12:12:38 PM

     Unfortunately  with commisions and slippages and subscription fees
     under  5000 dollars you will not have much profit left.
      So you have to  increase  your deposit or choose the managed account.
Title: Re: FX Viper
Post by: rippa on August 25, 2013, 03:30:21 AM
... or increase your risk.
Title: Re: FX Viper
Post by: ForexSignals.com on August 26, 2013, 01:58:53 AM
The past 2 trades were very quick. I don't think that execution will be typical.




Title: Re: FX Viper
Post by: Okda on September 02, 2013, 07:20:29 PM
Is viper alive? :-D

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: WillThomas on September 02, 2013, 08:55:28 PM
Definatly is alive - was a holiday in the US. He doesn't trade US holidays. You can follow him directly on LFT as he is always active on there and keeps everyone up to date with whats going on.

Should see some trading from tomorrow if the opportunity arises.
Title: Re: FX Viper
Post by: Okda on September 02, 2013, 09:39:07 PM
Glad to know that

Sent from my GT-N7000 using Tapatalk 4
Title: Re: FX Viper
Post by: primi on September 04, 2013, 04:57:30 PM
Something must have spooked our guy out of this trade. Closed for a tiny loss.
Title: Re: FX Viper
Post by: Waleed121 on September 04, 2013, 05:31:05 PM
He mentioned why on LiveForexTrading forum, he always comments on his trades which is always great and a real bonus to us, I would put 10k if I had a spare 10k for his signals
Title: Re: FX Viper
Post by: civfan on September 04, 2013, 06:30:09 PM
how it was the slipage for that trade?
Title: Re: FX Viper
Post by: primi on September 05, 2013, 07:21:55 AM
-1.3 pips before commission for me so it was OK. Better than master.
Title: Re: FX Viper
Post by: AttilaG on September 05, 2013, 09:34:48 AM

      I hope he will be able to make  5% per month at least.
      Otherwise it is not worth it  unfortunately  :(
Title: Re: FX Viper
Post by: primi on September 05, 2013, 01:11:16 PM
+3.5 pips before commission, this time on GBPUSD
Title: Re: FX Viper
Post by: xfire22 on September 05, 2013, 01:19:05 PM
+1.5 here after commission.
Title: Re: FX Viper
Post by: civfan on September 05, 2013, 02:22:58 PM
Well I see nick's account 2.6 pips. Dunno if he pays commission.
Title: Re: FX Viper
Post by: nwboater on September 05, 2013, 02:32:16 PM
+3.5 pips before commission, this time on GBPUSD

Yesterday I set slippage at -2 as Nick suggested to "Squeeze a few more pips". Unfortunately I missed this trade. Nick said that we may miss some, but should do better overall. I'll leave it this way a little longer to test.

Cheers,
Rod
Title: Re: FX Viper
Post by: SubZeroFX on September 05, 2013, 02:43:35 PM
+3.5 pips before commission, this time on GBPUSD

Yesterday I set slippage at -2 as Nick suggested to "Squeeze a few more pips". Unfortunately I missed this trade. Nick said that we may miss some, but should do better overall. I'll leave it this way a little longer to test.

Cheers,
Rod
I don't think -2 will work with FX Viper. Try with -1 at the beginning.
Title: Re: FX Viper
Post by: nwboater on September 05, 2013, 02:44:54 PM
+3.5 pips before commission, this time on GBPUSD

Yesterday I set slippage at -2 as Nick suggested to "Squeeze a few more pips". Unfortunately I missed this trade. Nick said that we may miss some, but should do better overall. I'll leave it this way a little longer to test.

Cheers,
Rod
I don't think -2 will work with FX Viper. Try with -1 at the beginning.

Will do - thanks!

Cheers,
Rod
Title: Re: FX Viper
Post by: Okda on September 05, 2013, 02:45:57 PM
i have it set to -1 and i also missed the trade

i had it before set to +2

will leave it @ -1 for a while and see
Title: Re: FX Viper
Post by: SubZeroFX on September 05, 2013, 02:47:15 PM
i have it set to -1 and i also missed the trade

i had it before set to +2

i think i will change it to 0 for Viper
My personal setting is +1 (for all signals) and I am doing very fine.

Everything will depends on your broker and vps/computer setup.
Title: Re: FX Viper
Post by: Okda on September 05, 2013, 03:06:02 PM
ya i think for Viper it must be a positive number due to his strategy
will wait for net trade to decide though
Title: Re: FX Viper
Post by: xfire22 on September 05, 2013, 10:12:00 PM
I will say one thing, the signal service software/website is top notch. Much better than the last signal service I used. Also support is very good!
Title: Re: FX Viper
Post by: WillThomas on September 05, 2013, 10:40:48 PM
I will say one thing, the signal service software/website is top notch. Much better than the last signal service I used. Also support is very good!

Thanks a lot :) Always nice to hear good things.
Title: Re: FX Viper
Post by: Okda on September 05, 2013, 10:46:04 PM
I will say one thing, the signal service software/website is top notch. Much better than the last signal service I used. Also support is very good!

don't say such thing , they will increase their fees if they know we are satisfied :P

keep complaining only ;)

i don't like the color of the website :P
my mouse doesn't move as fast as before :P

:D
Title: Re: FX Viper
Post by: ForexSignals.com on September 05, 2013, 11:39:31 PM
I will say one thing, the signal service software/website is top notch. Much better than the last signal service I used. Also support is very good!

don't say such thing , they will increase their fees if they know we are satisfied :P

keep complaining only ;)

i don't like the color of the website :P
my mouse doesn't move as fast as before :P

:D

Haha, thanks Okda.

However we only ever increase price after there is a large demand for an individual trader.

This structure works well because:

- It rewards early subscribers by locking in a low price.
- It gives the trader an incentive to build a large following.

Most professional traders laugh when I tell them I want to sell access to their trading for $59 or $69 per month, however once they realise we can increase the price down the track and offer a managed account they're generally receptive.

I had a chat to FX Viper this morning. He informed me that he'll likely be going for more pips next week. This week has been tough with a couple of large news announcements.
Title: Re: FX Viper
Post by: primi on September 09, 2013, 05:24:32 PM
Looks like we will finally witness some damage limitation trading from Viper. Currently at level 3, but additional 2 trades are much reduced in size...
Title: Re: FX Viper
Post by: AttilaG on September 10, 2013, 11:11:06 AM

      It looks like Viper is a scalper till now.
      I hope it will not turn into a hold and hope
      strategy like Amplified.
Title: Re: FX Viper
Post by: rippa on September 10, 2013, 12:41:13 PM
That sharp move up in E/U looks to have caught them both out...
Title: Re: FX Viper
Post by: Steve Cole on September 10, 2013, 01:11:54 PM
That sharp move up in E/U looks to have caught them both out...


I love to see when user start whinnying? Did this trader not make clear he/she was using a 10% draw down as a max stop lose ? Yet so many seem to overlook this and just want to always win, Each of you need to really understand what your max risk is based on the traders rules.

Today you hate him./her/ next day IF the trades wins everyone loves him/her, kind of childless from my view. But make no mistake about it users will face the max draw at some point and to believe otherwise is foolish and if users are over leveraged then you got a bigger problem, its easy to see this guy is trading extreme overbought and oversold reading, and almost always against the current prevailing trend, so if the traders get caught in a strong move the 10% draw down will be tested,

http://www.liveforextrading.info/forex-signal/633/FX-Viper.html (http://www.liveforextrading.info/forex-signal/633/FX-Viper.html)

“An absolute maximum of 10% account equity is risked on open trades, however the majority of trades are closed well below 5% of account equity and he never hedges positions.”

http://www.donnaforex.com/forum/index.php?topic=10883.15 (http://www.donnaforex.com/forum/index.php?topic=10883.15)

Post 18


http://www.donnaforex.com/forum/index.php?topic=10883.90 (http://www.donnaforex.com/forum/index.php?topic=10883.90)

Post 90
Title: Re: FX Viper
Post by: ForexSignals.com on September 10, 2013, 01:16:17 PM
That sharp move up in E/U looks to have caught them both out...


I love to see when user start whinnying? Did this trader not make clear he/she was using a 10% draw down as a max stop lose ? Yet so many seem to overlook this and just want to always win, Each of you need to really understand what your max risk is based on the traders rules.

Today you hate him./her/ next day IF the trades wins everyone loves him/her, kind of childless from my view. But make no mistake about it users will face the max draw at some point and to believe otherwise is foolish and if users are over leveraged then you got a bigger problem, its easy to see this guy is trading extreme overbought and oversold reading, and almost always against the current prevailing trend, so if the traders get caught in a strong move the 10% draw down will be tested,

http://www.liveforextrading.info/forex-signal/633/FX-Viper.html (http://www.liveforextrading.info/forex-signal/633/FX-Viper.html)

“An absolute maximum of 10% account equity is risked on open trades, however the majority of trades are closed well below 5% of account equity and he never hedges positions.”

http://www.donnaforex.com/forum/index.php?topic=10883.15 (http://www.donnaforex.com/forum/index.php?topic=10883.15)

Post 18


http://www.donnaforex.com/forum/index.php?topic=10883.90 (http://www.donnaforex.com/forum/index.php?topic=10883.90)

Post 90

Thanks for the support Steve.

He dug out of that drawdown well only losing a handful of pips.

This guy trades quite differently to FX Amplified. I personally like it because it's much more predictable.

Title: Re: FX Viper
Post by: rippa on September 10, 2013, 02:19:06 PM
jeez, sorry for making an observation  ::)

no more 'whinnying' from me  ???
Title: Re: FX Viper
Post by: primi on September 10, 2013, 02:19:21 PM
I don't think anybody was whining, observations were expressed in a very neutral tone in my opinion. Personally though I'd like to see Viper in a bit of trouble as soon as possible because I'm reluctant to hook it up to a larger account without knowing what I can expect in case he hits larger DD. I know the expected numbers but not the handling of the situation. This was the first time he opened 2 more trades while keeping the original one.

On a side note I was around just when he closed his last trade. The reason being I was actually opening a short at that time so was a bit puzzled as to why he closed it. There was a strong move moments later  ;)

So far so good though.  :)
Title: Re: FX Viper
Post by: rippa on September 10, 2013, 02:24:01 PM
He said, "I cut the trade as its time to move on for me with a small loss of 8 pips. There is always another profitable trade out there. Be safe!!"
http://www.liveforextrading.info/forum/fx-viper/40-fx-viper-26.html (http://www.liveforextrading.info/forum/fx-viper/40-fx-viper-26.html)
Title: Re: FX Viper
Post by: Steve Cole on September 10, 2013, 02:58:18 PM
I don't think anybody was whining, observations were expressed in a very neutral tone in my opinion. Personally though I'd like to see Viper in a bit of trouble as soon as possible because I'm reluctant to hook it up to a larger account without knowing what I can expect in case he hits larger DD. I know the expected numbers but not the handling of the situation. This was the first time he opened 2 more trades while keeping the original one.

On a side note I was around just when he closed his last trade. The reason being I was actually opening a short at that time so was a bit puzzled as to why he closed it. There was a strong move moments later  ;)

So far so good though.  :)


So if you went Short or where going short at around 1.3238 were Viper closed the trade, and the euro moved down just another 10 pip downs to 1.3230 ,Then bounce UP to 1.3270 , a 40 pip bounce against your idea of going Short  or are in a Short? So if that was the case Viper got lucky and got out, and if you open a short trade at the same level Viper exited your in pain right now. I did not see any strong down move

As for the lose of 10% , I too would like to see a lose to see how Viper handles the lose, since if the 10% draw down is hit and that is the max level, how will Viper be able to trade as any open draw down with any open floating draw down will exceed and go beyond the  max equity level of 10%.

“whinnying, observation “ its all the some thing many and I mean many fail to read the max risk level or simply chose to over look it, now if a rule is broken then I would be the first to jump on anyone, until then its just a wait and see and every day trading going forward , I mean I know you where with or at least looking at FX Amplified , now there user have reason since in my view rules where not just broken , but worse yet changed “on the fly” to suite the negative trade that floated over 200 pips,

If I where a signal provider to keep user fun “whinnying” I would never use a rule as to say My stop lose is “xxx” instead I would do the same and use a equity draw down percent, but the problem is once the trader hits that max level then what? There no room to maneuver on any other trades, and you guessed it. The next step will be for the trader to “move out” the max equity draw down limit, then you will see user jump. But in reality what can be done? 1 of 2 chooses, 1) stop trading or 2) Move the max equity draw down limit and hope to recover


Title: Re: FX Viper
Post by: primi on September 10, 2013, 04:45:44 PM
So if you went Short or where going short at around 1.3238 were Viper closed the trade, and the euro moved down just another 10 pip downs to 1.3230 ,Then bounce UP to 1.3270 , a 40 pip bounce against your idea of going Short  or are in a Short? So if that was the case Viper got lucky and got out, and if you open a short trade at the same level Viper exited your in pain right now. I did not see any strong down move
You didn't see a strong move because you're looking at it in a different way I guess. When I'm targeting 3 or 4 pips (like Viper or Amp mind you) I don't have infinite SL. Or 100 pip one for that matter. My SL is tight (aiming to keep it around 3.5 pips on average). So a 10 pip move is strong enough in my opinion. But you need to get your entries right.

Price action was a bit choppy but I expected a move down and I got it. It just didn't move the full 16 pips I was expecting so I cut my trade short for +3.4 pips. Demand was found where I was not expecting it so I covered. (trades still open on this chart are Amplified and 2 Million)

To go back to his trade, I never said he managed it poorly. I just said that I was not expecting him to close when he did, in the middle of the move down when selling pressure was present. But I guess he's looking at other things than me and it's OK. As long as his management seems sound.

And while I was typing it seems we have a hedged trade from Viper. That's a first also. So things are coming along nicely. Let's see what he can do and what he's prepared to do. So far it's been smooth sailing only.
Title: Re: FX Viper
Post by: rex68 on September 10, 2013, 05:08:31 PM
hmm.. so we're hedged now?
Title: Re: FX Viper
Post by: Okda on September 10, 2013, 05:44:29 PM
His reply in the lft forum :

Hi everyone you can see I am in a hedged trade. The hedge is in the middle of today's range. You will also notice I used lower leverage on this trade.I will cut one of the trades when a key upper or lower level is broken on my charts I have everything under control.


Regards

Viper


Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: Steve Cole on September 10, 2013, 06:42:45 PM
So if you went Short or where going short at around 1.3238 were Viper closed the trade, and the euro moved down just another 10 pip downs to 1.3230 ,Then bounce UP to 1.3270 , a 40 pip bounce against your idea of going Short  or are in a Short? So if that was the case Viper got lucky and got out, and if you open a short trade at the same level Viper exited your in pain right now. I did not see any strong down move
You didn't see a strong move because you're looking at it in a different way I guess. When I'm targeting 3 or 4 pips (like Viper or Amp mind you) I don't have infinite SL. Or 100 pip one for that matter. My SL is tight (aiming to keep it around 3.5 pips on average). So a 10 pip move is strong enough in my opinion. But you need to get your entries right.

Price action was a bit choppy but I expected a move down and I got it. It just didn't move the full 16 pips I was expecting so I cut my trade short for +3.4 pips. Demand was found where I was not expecting it so I covered. (trades still open on this chart are Amplified and 2 Million)

To go back to his trade, I never said he managed it poorly. I just said that I was not expecting him to close when he did, in the middle of the move down when selling pressure was present. But I guess he's looking at other things than me and it's OK. As long as his management seems sound.

And while I was typing it seems we have a hedged trade from Viper. That's a first also. So things are coming along nicely. Let's see what he can do and what he's prepared to do. So far it's been smooth sailing only.


Maybe Viper got bitten by a Cobra? ;)
Title: Re: FX Viper
Post by: bismillahwd on September 10, 2013, 07:52:35 PM
Nick i posted on your forum ,im anout to join fx viper and fxamplified mam. But seems you only provide with synergyfx, and i didnt find indonesian citizen in synergyfx form, why is that?




Sent from my iPad using Tapatalk HD
Sorry for any typo
Title: Re: FX Viper
Post by: Okda on September 10, 2013, 10:21:00 PM
Nick i posted on your forum ,im anout to join fx viper and fxamplified mam. But seems you only provide with synergyfx, and i didnt find indonesian citizen in synergyfx form, why is that?




Sent from my iPad using Tapatalk HD
Sorry for any typo
Try to pm him or open a ticket instead of flooding the threads

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: primi on September 11, 2013, 07:18:27 PM
Good trading from Viper today. Covered that loss from yesterday already. Thumbs up.
Title: Re: FX Viper
Post by: Okda on September 11, 2013, 08:25:21 PM
You sure about that? It didn't on my account
Gonna check if I missed a trade on my side

Sent from my GT-N7000 using Tapatalk 4

Title: Re: FX Viper
Post by: primi on September 11, 2013, 08:47:09 PM
Yep. He lost 7.3 yesterday and made 13.4 since (before commission which is $18 per million based on notional value I think).
Title: Re: FX Viper
Post by: rippa on September 12, 2013, 01:30:04 AM
Recovered loss in pips, but not in $'s (yet) due to smaller lot size trades.
Still an impressive recovery.  :)
Title: Re: FX Viper
Post by: primi on September 12, 2013, 07:51:06 AM
Ah, missed that lot size detail  :D
Still, the difference is only half a euro on my account.  :)
Title: Re: FX Viper
Post by: AttilaG on September 13, 2013, 11:48:02 PM

      I know Viper is a nice guy but unfortunately we have only 
       0.36% profit  for this month  :(
Title: Re: FX Viper
Post by: SubZeroFX on September 14, 2013, 03:20:00 PM

      I know Viper is a nice guy but unfortunately we have only 
       0.36% profit  for this month  :(

Please don't even start it... really guys you can't except for every week/month to be in nice profit... be glad that it is NOT negative. I don't really wanna tell you that many EA's and other signals are still negative this month while FX Viper is in a very small profit but as I said it is NOT negative.

What we saw last week with FX Viper was really nice... he handled those trades very well, that is was matters too.

Remember there is also a FX Viper Managed Account with 30% performance commission paid monthly on watermark high basis (you only pay commission after you have made money).
Title: Re: FX Viper
Post by: nwboater on September 14, 2013, 03:29:00 PM

      I know Viper is a nice guy but unfortunately we have only 
       0.36% profit  for this month  :(

Capital preservation is VERY important to Viper, as it is to me. The figure of at least 95% not surviving in Forex is at least partially due to people always chasing the big bucks and not giving enough consideration to capital preservation.

If what you want is lots of action and short term profits you have many other choices. I wish you good luck though. You will probably need it.

I am very happy with Viper!

Cheers,
Rod
Title: Re: FX Viper
Post by: kjen17 on September 14, 2013, 03:48:56 PM
Quote
I know Viper is a nice guy but and unfortunately we have only 0.36% for this month


 8)
Title: Re: FX Viper
Post by: Steve Cole on September 14, 2013, 07:30:20 PM

      I know Viper is a nice guy but unfortunately we have only 
       0.36% profit  for this month  :(

Please don't even start it... really guys you can't except for every week/month to be in nice profit... be glad that it is NOT negative. I don't really wanna tell you that many EA's and other signals are still negative this month while FX Viper is in a very small profit but as I said it is NOT negative.

What we saw last week with FX Viper was really nice... he handled those trades very well, that is was matters too.

Remember there is also a FX Viper Managed Account with 30% performance commission paid monthly on watermark high basis (you only pay commission after you have made money).


" are still negative this month"


That should read negative for over 5+ months
, which by the way is a very conservative estimate, they actually been down for well over 1 year, but of coarse they get 1 good month ,only to lose it all back and more the new following months,

In fact is the foolish money that always get lose, the "day dreamers"  you know the ones with as an example a 1000K and want to turn it into 50K in 60 days, but hey same old story right? People will never be happy , they lose they bitch, they win or break even they bitch, they dont make enough they bitch, see a pattern Viper? get the hint?
Title: Re: FX Viper
Post by: STIJN555 on September 15, 2013, 02:26:45 AM
All of you positive guys about the signal service.
Please, first look howmuch he went into red before he bagged his pips.
This will give you his R/R ratio.
I've said enough, for the ones who understand.
Title: Re: FX Viper
Post by: AttilaG on September 15, 2013, 10:26:16 AM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.
Title: Re: FX Viper
Post by: BoozyBum on September 15, 2013, 11:57:06 AM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.

So just turn up your risk, right? Go to 3x. The beauty of being able to set your own risk levels.
Title: Re: FX Viper
Post by: SubZeroFX on September 15, 2013, 12:19:13 PM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.

So just turn up your risk, right? Go to 3x. The beauty of being able to set your own risk levels.

This is Nick's account running 2x and it is currently achieving about 5% monthly and more:

http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169 (http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169)
Title: Re: FX Viper
Post by: forexbaby on September 15, 2013, 01:08:29 PM
Running at a higher risk means you need to accept the risk factor. For risk m=1, the risk is 10% so if it is higher, means your risk dd is higher.
Title: Re: FX Viper
Post by: Steve Cole on September 15, 2013, 02:34:23 PM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.



This is exactly why most users of signal services either blow out their accounts, or during a draw down just leave and maybe miss the recover  and that a maybe not a sure thing > Then move on looking for the next Holy Grail

This is not meant to be insulting but just maybe you can point us in
the direction of a signal provider or anyone at all whose average 5% per month and has, let say two years a track record with at least 1000 trades and has kept the drawn down under between 15% to 20%
 
But this is the big important part proper leverage using 2% to 3% of their trading capital. And not under leveraging like I see now is the new trend to keep the draw downs low, only to watch a trade not work out and then even with their very low leverage still go into a 8 % or 10 % draw down and leave floating losses open for days on end into the 200+ pip range or more, and I mean lots more, we all seen it right? So what was the reason of the low leverage? Just to add more position to losing trades and HOPE and PRAY that it works out.

Do you understand what your asking?f An avg of 60% per year? Something that 98% of all hedge funds have failed to do over the last 2 years and well documented?

I still need to see a deep drawdown say about 70 to 100 pips and see what this Viper does, and if he recovers, as an example if Viper where Short the EUR any time after a break of 1.3212 and was holding floating losses, I would never him or her a second look, to me there was a mini trend change at best, otherwise these other providers that went or are into a 150 + pip floating drawdown on the Short Euro would not be in pain now.

This is not a race that ends in a couple of months, when they are force to close a trade and recover or let the HOPE and PRAY take over,
Title: Re: FX Viper
Post by: primi on September 15, 2013, 03:05:18 PM
All of you positive guys about the signal service.
Please, first look howmuch he went into red before he bagged his pips.
This will give you his R/R ratio.
I've said enough, for the ones who understand.
That would be a very optimistic R/R then. He is prepared to allow a larger DD really up to a theoretical loss of 10% (or more from memory without checking his rules if he opens more trades).

As far as rules go, the only rule I'm expecting him to stick to is max risk. The reason being he is not trading his money only, he's trading ours as well. And that's the only thing we can control and we have based important decisions on it.

Everything else can be his discretion. In fact I expect him to use his discretion when trading, with entries, exits, management, everywhere. It's more important than some rules. If you're a manual trader then you have to use discretion, it's an important part of manual trading to be able to objectively analyse current market situation and price action. If you're trading manually but using strict rules for everything allowing no discretion then you got it all wrong in my opinion because you're far better off if you code it into an EA because machines do it better period. And you can use your free time for other things.
Title: Re: FX Viper
Post by: civfan on September 15, 2013, 04:12:24 PM
He don't use a hard sl so you dunno for sure what is his really r/r...
If happens a fast move news when Viper has some open positions, then I am not sure how he would control his maximum DD.
Title: Re: FX Viper
Post by: AttilaG on September 15, 2013, 05:29:04 PM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.

So just turn up your risk, right? Go to 3x. The beauty of being able to set your own risk levels.

This is Nick's account running 2x and it is currently achieving about 5% monthly and more:

http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169 (http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169)

  Nicks account looks good to me so I am icreasing the risk multiplyer to 2.
   I just hope it wont be like Amplified .
Title: Re: FX Viper
Post by: AttilaG on September 15, 2013, 05:52:18 PM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.



This is exactly why most users of signal services either blow out their accounts, or during a draw down just leave and maybe miss the recover  and that a maybe not a sure thing > Then move on looking for the next Holy Grail

This is not meant to be insulting but just maybe you can point us in
the direction of a signal provider or anyone at all whose average 5% per month and has, let say two years a track record with at least 1000 trades and has kept the drawn down under between 15% to 20%
 
But this is the big important part proper leverage using 2% to 3% of their trading capital. And not under leveraging like I see now is the new trend to keep the draw downs low, only to watch a trade not work out and then even with their very low leverage still go into a 8 % or 10 % draw down and leave floating losses open for days on end into the 200+ pip range or more, and I mean lots more, we all seen it right? So what was the reason of the low leverage? Just to add more position to losing trades and HOPE and PRAY that it works out.

Do you understand what your asking?f An avg of 60% per year? Something that 98% of all hedge funds have failed to do over the last 2 years and well documented?

I still need to see a deep drawdown say about 70 to 100 pips and see what this Viper does, and if he recovers, as an example if Viper where Short the EUR any time after a break of 1.3212 and was holding floating losses, I would never him or her a second look, to me there was a mini trend change at best, otherwise these other providers that went or are into a 150 + pip floating drawdown on the Short Euro would not be in pain now.

This is not a race that ends in a couple of months, when they are force to close a trade and recover or let the HOPE and PRAY take over,



 Hi Steve

I understand every word you say but you have to understand that there are traders who
can make 30-40% profit per year consistently. So when I join a signal provider I want him
 to be better than me and at least make me 50% profit annually otherwise I am not inetersted.
You are right about signal providers because I have not found any that has been profitable in
 the long run .
About hedge funds I know one that made 700% profit in 2008 but the clients got 30% only :)
Title: Re: FX Viper
Post by: Aplmustdie on September 24, 2013, 03:13:42 PM
I just noticed today that I haven't received any of the GBPUSD trades that Viper has placed in September.  Has anyone else missed those trades?
Title: Re: FX Viper
Post by: forexbaby on September 24, 2013, 03:20:39 PM
Hi everyone

  I did not mean to hurt anybodys feelings but if capital
  preservation is important you can put your money in
  a bank. I expect a signal provider to make at least
   5% per month for me .
   About his strategy I feel sometimes he gets scared thats why
   he closes his trades for tiny pips but I may be wrong.

So just turn up your risk, right? Go to 3x. The beauty of being able to set your own risk levels.

This is Nick's account running 2x and it is currently achieving about 5% monthly and more:

http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169 (http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169)

  Nicks account looks good to me so I am icreasing the risk multiplyer to 2.
   I just hope it wont be like Amplified .

suggest not to increase risk and hope you remember what happen to fx amp when many thought he would never lose and increase their risk to very high and fx amp did dd in the end.
Title: Re: FX Viper
Post by: Okda on September 24, 2013, 04:59:41 PM
my conclusion after following Viper from day one is that it is a MUST to join the PAMM instead of signal copier to make decent profit
i beleive he is a real pro and i am satisfied with his trading style even during DD but slippage kilss most of his trades for me and from the analytic service of ST it seems many are in the same boat like me, i know some are getting positive slippage and i also got some, but overall it is not on your side of this game

i advise any member with a big amount of money to invest it with Viper but only in the pamm
Title: Re: FX Viper
Post by: semaj on September 24, 2013, 05:36:23 PM
but slippage kilss most of his trades for me and from the analytic service of ST it seems many are in the same boat like me,

Yes, I got the same slippage problem as well.

Today, Nick's a/c 2.3 pips,

Master a/c 3.1 pips,

My a/c 0.6 pips.
Title: Re: FX Viper
Post by: bismillahwd on September 24, 2013, 05:57:09 PM
my conclusion after following Viper from day one is that it is a MUST to join the PAMM instead of signal copier to make decent profit
i beleive he is a real pro and i am satisfied with his trading style even during DD but slippage kilss most of his trades for me and from the analytic service of ST it seems many are in the same boat like me, i know some are getting positive slippage and i also got some, but overall it is not on your side of this game

i advise any member with a big amount of money to invest it with Viper but only in the pamm
Yeah but nick only offered synergyfx wich synergy didnt allowed several country residence to join, like me indonesia didnt allowed to be client in synergy.

Wtf.
 Even i got icm, axi, pepperstone, alpari account they never do such things like that. They were top line of great broker


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Title: Re: FX Viper
Post by: kitesurfer on September 24, 2013, 06:01:10 PM
With regards to slippage:

A scalping signal needs to be protected and restricted.  I addressed this to Nick in the following post: http://www.liveforextrading.info/forum/showthread.php?t=40&page=14&p=1229#post1229 (http://www.liveforextrading.info/forum/showthread.php?t=40&page=14&p=1229#post1229)

And you will see his response stating that they need more evidence of slippage being an issue...and like I said, by the time you have your evidence, it is too late.

Now they are offering all their signals free via an IB program...imagine the impact of 100s more orders, big & small, flooding the market in months to come.  That's about the quickest way to kill a once successful scalping signal.  Hopefully I turn out to be wrong...
Title: Re: FX Viper
Post by: nwboater on September 24, 2013, 06:22:44 PM
With regards to slippage:

A scalping signal needs to be protected and restricted.  I addressed this to Nick in the following post: http://www.liveforextrading.info/forum/showthread.php?t=40&page=14&p=1229#post1229 (http://www.liveforextrading.info/forum/showthread.php?t=40&page=14&p=1229#post1229)

Now they are offering all their signals free via an IB program...imagine the impact of 100s more orders, big & small, flooding the market in months to come. 

Please keep in mind that the 'free signals' require a 20k account. I think that is going to limit the number of subs to it.

Cheers,
Rod
Title: Re: FX Viper
Post by: Shortos on September 24, 2013, 07:03:03 PM
Anyway the slippage is not much better with Synergy PAMM. +1.3 pip today.
Title: Re: FX Viper
Post by: semaj on September 24, 2013, 07:12:15 PM
Well.....3.1 pips of Master account could be affected by positive slippage then.
Title: Re: FX Viper
Post by: primi on September 24, 2013, 07:30:09 PM
I had 2.0
Title: Re: FX Viper
Post by: ForexSignals.com on September 25, 2013, 12:08:18 PM
With regards to slippage:

A scalping signal needs to be protected and restricted.  I addressed this to Nick in the following post: http://www.liveforextrading.info/forum/showthread.php?t=40&page=14&p=1229#post1229 (http://www.liveforextrading.info/forum/showthread.php?t=40&page=14&p=1229#post1229)

And you will see his response stating that they need more evidence of slippage being an issue...and like I said, by the time you have your evidence, it is too late.

Now they are offering all their signals free via an IB program...imagine the impact of 100s more orders, big & small, flooding the market in months to come.  That's about the quickest way to kill a once successful scalping signal.  Hopefully I turn out to be wrong...

Hi Kite,

We've tracked the slippage over the past 3 months and corresponded it with subscriber numbers. We went from 30 to 200 subscribers within the first couple of weeks and have been around that number ever since.

The reduction in performance can't therefor be due to subscriber numbers. We think it's more closely related to the difference in trading technique between when the account started and now.
Title: Re: FX Viper
Post by: kitesurfer on September 25, 2013, 12:54:24 PM
I was one of the first to subscribe during the pre-release and I noticed the execution worsen in the first few weeks which I guess is when it went from 30 upwards towards 300.  During the early pre-release days I received same or better prices, within a few weeks it progressively worsened and that is when I raised it on your forum.  Yes, since around that time, it has not worsened much more, but it now makes sense i.e. your jump to 300 made a difference and since then it stayed about the same.
Title: Re: FX Viper
Post by: semaj on September 25, 2013, 03:48:33 PM
Nick's a/c 3.0 pips,
Master a/c 3.1 pips,
My a/c 1.5 pips.

It seems my MT4 platform doesn't match with this signal, I must change my broker for this signal.
Title: Re: FX Viper
Post by: ColdHypno on September 25, 2013, 03:54:40 PM
I got +2.7pips, CNS VPS in NY4 datacentre, IC Markets ECN.

Probably could squeeze a little extra using ST VPS and a UK ECN account, but for me this is the best balance.
Title: Re: FX Viper
Post by: semaj on September 25, 2013, 04:07:30 PM
My combination Axitrader.STD / Beek.USA

2.7 pips are well acceptable.

I better switch to PRO or ECN as soon as possible.
Title: Re: FX Viper
Post by: kitesurfer on September 25, 2013, 04:13:25 PM
AxiTrader Pro  &  CNS UK:  2.6 pips
Title: Re: FX Viper
Post by: ultracat on September 25, 2013, 04:22:44 PM
CNS London UK VPS + Armada UK server = 2.9pips including -0.1pips slippage (so 3.0 pips trade - 0.1pip slippage = 2.9pips net).
Title: Re: FX Viper
Post by: semaj on September 25, 2013, 04:58:24 PM
The new one,
Nick's = 2.3 pips,
Master = 2.1 pips,
Axi. STD.= 1.1 pips
Title: Re: FX Viper
Post by: Shortos on September 25, 2013, 07:05:03 PM

+2.1 & +1.7 pips on PAMM today.
Title: Re: FX Viper
Post by: SubZeroFX on September 25, 2013, 08:28:26 PM
+2.8 pips with Armada Markets + VPS from ST: http://www.stvps.net/ (http://www.stvps.net/)
Title: Re: FX Viper
Post by: Aplmustdie on September 25, 2013, 11:53:31 PM
I had 2.5 and 1.7, after commission
Title: Re: FX Viper
Post by: ForexSignals.com on September 26, 2013, 12:42:34 PM

+2.1 & +1.7 pips on PAMM today.

Don't forget there isn't commission on the managed account. It's an STP feed.

So this would be be about 2.7 and 2.3 on a normal ECN account.
Title: Re: FX Viper
Post by: semaj on September 26, 2013, 04:45:13 PM
Nick's a/c = 4.8 pips,
Master a/c = 4.4 pips,
my a/c = 4.7 pips.
Title: Re: FX Viper
Post by: primi on September 26, 2013, 05:08:01 PM
Nick's a/c = 4.8 pips,
Master a/c = 4.4 pips,
my a/c = 4.7 pips.
Ha, +5.3 for me.

And before you ask - no, I'm not telling that my Armada runs on a CNS in London. It's a secret.  :-X
Title: Re: FX Viper
Post by: SubZeroFX on September 26, 2013, 05:17:47 PM
+4.8 pips here (after commission). Armada Markets + ST VPS
Title: Re: FX Viper
Post by: semaj on September 26, 2013, 05:21:27 PM
It seems Armada Markets has outperformed all other brokers.
Title: Re: FX Viper
Post by: Dubovski on September 26, 2013, 05:30:04 PM
Same thing for IC Markets

4.8 after comm on ST VPS


So it's a draw....
Title: Re: FX Viper
Post by: rippa on September 27, 2013, 01:13:03 AM
I got Pepperstone 3.7 pips and Thinkforex 7.5 pips!
Hooray for positive slippage.
Title: Re: FX Viper
Post by: semaj on September 27, 2013, 01:39:13 AM
Conspiracy theory would strongly suggest 7.5 pips was caused by positive slippage.
Title: Re: FX Viper
Post by: SubZeroFX on September 27, 2013, 02:22:43 PM
Today's trade: +4.8 pips here (after commission). Armada Markets + ST VPS

Exactly the same amount of pips like yesterday.
Title: Re: FX Viper
Post by: semaj on September 27, 2013, 02:42:32 PM
After Commission
3.6 pips   Axi.Pro/Beeks.USA
Title: Re: FX Viper
Post by: semaj on September 27, 2013, 02:54:38 PM
Master account shows two trade records today,

2.1 pips @14:48
4.3 pips @ 14:56


Nick's account only shows one trade record,

4.8 pips @ 14:56
Title: Re: FX Viper
Post by: ultracat on September 27, 2013, 03:02:44 PM
4.7 - I switched brokers to try and catch some positive slippage versus Armada.  Seems like Armada is still better but basically the same +/- 0.1 pips.  Now we're really splitting hairs!
Title: Re: FX Viper
Post by: Aplmustdie on September 27, 2013, 04:03:33 PM
According to Viper, nobody had the first trade as lot size was zero.  I had the second at 4.2 with FinFX ECN
Title: Re: FX Viper
Post by: semaj on September 27, 2013, 11:51:24 PM
Master a/c @14:48
per ST Lot Size: 0.00 pip,
per myfxbook Lot Size: 2.1 pips.

Nick gave me this reply as follows:

" There is a bug in the reporting. That trade was the normal size.
You can verify on the Myfxbook statement: http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-master-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-master-account/616112) "
Title: Re: FX Viper
Post by: ForexSignals.com on September 28, 2013, 01:34:12 AM
It's great to see you guys catching some positive pips with FX Viper. :)

He's told me a few times that we can expect some bigger winners at some stage.

Right now the market is only giving out 2-5 pips, but it won't always be the case. His main priority is the security of his funds and while the market isn't dishing out the high probability opportunities he's content grabbing a small low hanging fruit.

So far he's only returned 1.12% for September which is well below his monthly target of 5%.
Title: Re: FX Viper
Post by: Steve Cole on September 29, 2013, 03:58:14 PM
It's great to see you guys catching some positive pips with FX Viper. :)

He's told me a few times that we can expect some bigger winners at some stage.

Right now the market is only giving out 2-5 pips, but it won't always be the case. His main priority is the security of his funds and while the market isn't dishing out the high probability opportunities he's content grabbing a small low hanging fruit.

So far he's only returned 1.12% for September which is well below his monthly target of 5%.




So far he's only returned 1.12% for September which is well below his monthly target of 5%.



Your always a salesman, do you have any idea what you do when you make such claims? or even better yet what your comment may do to this trader if the market does not offer him/she the opportunity to achieve his monthly goal?

Every time you make a statement like the one above you set people up for disappointment, and even made cause user to "crank up" their risk level thinking they will always get 5% per month

It seems like each time one of your other traders failing all the pressure falls on the other trader that is doing good at the moment its so obvious to see.


Title: Re: FX Viper
Post by: bismillahwd on September 29, 2013, 04:47:10 PM
Actually how big is the stoploss. Must prepare and well calculated when worst case scenario/SL happened


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Title: Re: FX Viper
Post by: Steve Cole on September 29, 2013, 06:25:33 PM
Actually how big is the stoploss. Must prepare and well calculated when worst case scenario/SL happened


Sent from my iPad using Tapatalk HD



If you read back a couple of pages, you will notice that there is no per say "fix stop lose in pips" what there is a 10% equity draw down, which means it could have 1 position depending on the size of the trade go will beyond 500 pips of draw down, much like FX Amp 320 pips as of this past Friday), or say up to 4 trades some where at about 300 pips each, its just depends on the size of the trade.

But for me since it easy to see that Viper sells at overbought and buys at oversold levels and I can see he adds to the trades , if the second add on trade goes  over  230 pips , then his/her open trades ( grid) is/are in big trouble.

As an example if you look at the day when the non taper was release from the FOMC meeting the EUR pop above 1.3385 resistance and went up to 1.3568 or about 185 pips, so depending on where the next trades ( viper buys in oversold) are added any trade ( 2nd) after the first the break 230  pip tells me the open grid is in trouble, Same applies if viper try to sell in over bought area

But again with a 10% equity stop lose , the combination's of the "added"  trades needs to be exact or its an account blower, and viper has yet to be tested after a lose to see if he/she can recovery or in fact does not turn into a "Hold and Pray" type trader, its his/she major problem right now we don't know if viper can or how it will recover after a lose and how long?

If it takes more then say 40 trading days and viper has not recovered and viper hits another stop lose , its going to be rough make no mistake about it.

Because that would one 10% plus another 10% for total of a 20% max draw down on MyFxBook
Title: Re: FX Viper
Post by: Shortos on September 29, 2013, 07:11:44 PM
Actually how big is the stoploss. Must prepare and well calculated when worst case scenario/SL happened


Sent from my iPad using Tapatalk HD



If you read back a couple of pages, you will notice that there is no per say "fix stop lose in pips" what there is a 10% equity draw down, which means it could have 1 position depending on the size of the trade go will beyond 500 pips of draw down, much like FX Amp 320 pips as of this past Friday), or say up to 4 trades some where at about 300 pips each, its just depends on the size of the trade.

But for me since it easy to see that Viper sells at overbought and buys at oversold levels and I can see he adds to the trades , if the second add on trade goes  over  230 pips , then his/her open trades ( grid) is/are in big trouble.

As an example if you look at the day when the non taper was release from the FOMC meeting the EUR pop above 1.3385 resistance and went up to 1.3568 or about 185 pips, so depending on where the next trades ( viper buys in oversold) are added any trade ( 2nd) after the first the break 230  pip tells me the open grid is in trouble, Same applies if viper try to sell in over bought area

But again with a 10% equity stop lose , the combination's of the "added"  trades needs to be exact or its an account blower, and viper has yet to be tested after a lose to see if he/she can recovery or in fact does not turn into a "Hold and Pray" type trader, its his/she major problem right now we don't know if viper can or how it will recover after a lose and how long?

If it takes more then say 40 trading days and viper has not recovered and viper hits another stop lose , its going to be rough make no mistake about it.

Because that would one 10% plus another 10% for total of a 20% max draw down on MyFxBook

Yes but it may take some time before it's revealed because he/she is extra careful, which is otherwise sympathetic to me and that is one of the reasons why Viper part of my porfo.

Anyway maybe i will follow the (DDperiod-NewEqHigh-DDperiod) investing rule, for investing more money.
Title: Re: FX Viper
Post by: bismillahwd on September 30, 2013, 08:43:57 AM
Actually how big is the stoploss. Must prepare and well calculated when worst case scenario/SL happened


Sent from my iPad using Tapatalk HD



If you read back a couple of pages, you will notice that there is no per say "fix stop lose in pips" what there is a 10% equity draw down, which means it could have 1 position depending on the size of the trade go will beyond 500 pips of draw down, much like FX Amp 320 pips as of this past Friday), or say up to 4 trades some where at about 300 pips each, its just depends on the size of the trade.

But for me since it easy to see that Viper sells at overbought and buys at oversold levels and I can see he adds to the trades , if the second add on trade goes  over  230 pips , then his/her open trades ( grid) is/are in big trouble.

As an example if you look at the day when the non taper was release from the FOMC meeting the EUR pop above 1.3385 resistance and went up to 1.3568 or about 185 pips, so depending on where the next trades ( viper buys in oversold) are added any trade ( 2nd) after the first the break 230  pip tells me the open grid is in trouble, Same applies if viper try to sell in over bought area

But again with a 10% equity stop lose , the combination's of the "added"  trades needs to be exact or its an account blower, and viper has yet to be tested after a lose to see if he/she can recovery or in fact does not turn into a "Hold and Pray" type trader, its his/she major problem right now we don't know if viper can or how it will recover after a lose and how long?

If it takes more then say 40 trading days and viper has not recovered and viper hits another stop lose , its going to be rough make no mistake about it.

Because that would one 10% plus another 10% for total of a 20% max draw down on MyFxBook

Yes but it may take some time before it's revealed because he/she is extra careful, which is otherwise sympathetic to me and that is one of the reasons why Viper part of my porfo.

Anyway maybe i will follow the (DDperiod-NewEqHigh-DDperiod) investing rule, for investing more money.
Thats in my head too, but if it goess like kangaroo ea dd comes only once in two year i'll loosing the catch :)



Sent from my iPad using Tapatalk HD
Title: Re: FX Viper
Post by: semaj on October 02, 2013, 11:32:43 PM
Before Commission Payable:-
Master a/c: (5.4+1.1+5.4+4.3)=16.2 pips,
Nick's a/c:   (4.7+1.5+1.2+3.6)=11.0 pips
IC. Markets: (4.5-0.8+1.9+4.7)=10.3 pips.

An 'Open Trade' Long eurusd @1.36053

Commission kills.
Title: Re: FX Viper
Post by: SubZeroFX on October 03, 2013, 12:23:21 AM
My trades (02.10.2013) after commission:

1) +3.9 pips
2) +2.2 pips
3) +1.3 pips
4) +5.4 pips

===========

Total: +12.8 pips AFTER commission ( Using AM + http://www.stvps.net/ (http://www.stvps.net/) )
Title: Re: FX Viper
Post by: odysseus11 on October 03, 2013, 12:45:12 AM
How long is that for? Please tell me it isnt for all of Sept.
Title: Re: FX Viper
Post by: SubZeroFX on October 03, 2013, 12:48:16 AM
How long is that for? Please tell me it isnt for all of Sept.

This is report from one day of FX Viper trading: 02.10.2013.
Title: Re: FX Viper
Post by: odysseus11 on October 03, 2013, 01:37:33 AM
Oh, well then 12.8 pips for one day, thats pretty good.
Title: Re: FX Viper
Post by: semaj on October 03, 2013, 03:15:06 AM
The b/f. open trade just closed:

Master a/c: 8.1 pips,
Nick's a/c: 12.2 pips,
IC Markets: 11.5 pips.

Well done.
Title: Re: FX Viper
Post by: AttilaG on October 03, 2013, 09:18:14 AM

      My account is up by 1.4% for september with risk set at 2.
      I am satisfied with this  :) :) :)
Title: Re: FX Viper
Post by: AttilaG on October 03, 2013, 09:29:11 AM

     Sorry  I meant october :)
Title: Re: FX Viper
Post by: jshear on October 03, 2013, 09:36:44 AM
Do you mean September or October?


Jeff
Title: Re: FX Viper
Post by: odysseus11 on October 03, 2013, 02:34:20 PM
I was happy with viper when I ran it, but just couldn't stomach the r:r its very skewed. And since it is SO bad, I felt like the only reasonable scaling was so low that u need a miilion dollar account just to beat the fees. I'm exaggerating, but not by much
Title: Re: FX Viper
Post by: e1vis on October 03, 2013, 03:23:51 PM
I was happy with viper when I ran it, but just couldn't stomach the r:r its very skewed. And since it is SO bad, I felt like the only reasonable scaling was so low that u need a miilion dollar account just to beat the fees. I'm exaggerating, but not by much

This is my only concern with viper - I have been trading it since 16 July and have made 5.65% with dd of under 2% but the max potential loss is 10%, which means that a full loss would possibly wipe out six months' profit.
Title: Re: FX Viper
Post by: grayFX on October 03, 2013, 08:47:28 PM
FX viper could turn into another FX amplified

When trading longer term ( the goal of investors ) you would think Nick would pick traders with a Positive risk reward and nothing less than 1:1. FX Alerter and Pipso are more in line with Long term profitability at Nicks site. I'm looking at Connectforex listing board and there are some signals that are much better than what Nick is offering in terms of our long term goal.

Based on the poor Risk reward here, I won't join because I know ti will turn into another FX Amplidied.

Title: Re: FX Viper
Post by: Okda on October 03, 2013, 09:10:01 PM
you know ConnectForex is also Nick's website ??
Title: Re: FX Viper
Post by: semaj on October 03, 2013, 10:03:21 PM
Before Commission Payable:
Master a/c:13.6 pips,
Nick's a/c: 12.4,
Axi. Pro: 11.9.

Please note, b/f. open trade was reflected on 'reply #221'.
Title: Re: FX Viper
Post by: rippa on October 04, 2013, 06:28:13 AM
ThinkForex 7.9
Pepperstone 6.9
 >:(
Title: Re: FX Viper
Post by: semaj on October 04, 2013, 06:31:08 AM
Before or after Commission Payable?
Title: Re: FX Viper
Post by: rippa on October 04, 2013, 06:43:32 AM
After, I guess.
No commission, just variable spreads...
Title: Re: FX Viper
Post by: semaj on October 04, 2013, 06:47:32 AM
After commission payable, 7.9 & 6.9 pips are acceptable.
Title: Re: FX Viper
Post by: user456 on October 04, 2013, 07:21:32 AM
According to myfxbook fxviper has an expectation of ~ 3.5 pips. If you are constantly getting worse results in the range of -4 pips, this will kill the strategy and make it a loser.

I would look for good ecn broker if you want to trade this strategy. Commission shouldn't be higher than 1 pip.
Title: Re: FX Viper
Post by: ForexSignals.com on October 07, 2013, 01:39:26 AM
FX viper could turn into another FX amplified

When trading longer term ( the goal of investors ) you would think Nick would pick traders with a Positive risk reward and nothing less than 1:1. FX Alerter and Pipso are more in line with Long term profitability at Nicks site. I'm looking at Connectforex listing board and there are some signals that are much better than what Nick is offering in terms of our long term goal.

Based on the poor Risk reward here, I won't join because I know ti will turn into another FX Amplidied.

I understand you concern. They both trade a similar strategy and had a similarly sexy equity curve at this point in their history.

However they are completely different traders.

I much prefer FX Viper because I have daily and direct access to him. He is trading his own money exclusively (not investor funds) and has been doing it very well for a very long time.

He also actively avoids news releases and is very patient as he waits for the correct set up, I've seen him watch the charts for for days (he averages about 12hrs screen time per day) waiting for a high probability trade that might last 30 seconds. He's the only person I've ever met that can trade with such discipline.

The other great thing is that he's active on our forum. If you have a question you can ask him directly rather than having to filter it through me.




Title: Re: FX Viper
Post by: nc! on October 08, 2013, 10:55:02 AM
I just joined his signals. good luck to us.

NC! 8)
Title: Re: FX Viper
Post by: rippa on October 15, 2013, 12:20:59 PM
Wow!
Viper grid mode. Activate!
Title: Re: FX Viper
Post by: ForexSignals.com on October 15, 2013, 12:45:25 PM
Wow!
Viper grid mode. Activate!

This is the way he trades if the pair moves against him. He averages out of the trade by placing additional orders.

I know this style of trading freaks out many, however it works extremely well for him. It's not aimed at profit making , it's used solely to protect capital.

Title: Re: FX Viper
Post by: AttilaG on October 15, 2013, 02:33:37 PM
  Lets hope price wont drop 500 pips from here.
Title: Re: FX Viper
Post by: AttilaG on October 15, 2013, 04:51:45 PM
    -4 %  Today with risk set at 2                                                                   
Title: Re: FX Viper
Post by: Steve Cole on October 15, 2013, 04:51:53 PM
Wow!
Viper grid mode. Activate!

This is the way he trades if the pair moves against him. He averages out of the trade by placing additional orders.

I know this style of trading freaks out many, however it works extremely well for him. It's not aimed at profit making , it's used solely to protect capital.


Your joking right?

One days Lose (Today) just wiped out almost 1 month of small gains all the way back to Sept 27, This guy/ girl trades scared, bank on it!

I am sure we will get the , "I did it to protect people money excuse right? But who would stand in front of a move to the down side like the euro had today? And it was not news because the moved started about 2 mins BEFORE the German Zew  , which in fact was a positive reading  so the down move was not news related at all

How long is it going to now take to get out of this draw down when making only 1 to 3 pips ( myfxbook 2.7) and that does not even take commission and slippage into account.

Another FX AMP
Title: Re: FX Viper
Post by: semaj on October 15, 2013, 04:58:33 PM
He should not start to trade today, if he's so worry about the 'looming debt limit'. And also, he closed the trades at bottom range, is it necessary?
Title: Re: FX Viper
Post by: Spacey on October 15, 2013, 05:00:38 PM
It's not amp, amp would've held the trade into 300 pips DD.. He clearly stated that he didn't want to risk any deeper dives with debt ceiling negotiations coming up.
Title: Re: FX Viper
Post by: jshear on October 15, 2013, 05:03:12 PM
I can't believe guys are  freaking  out over a small loss he's only down a fraction of a percent for the month. Now I have seen everything.


Cheers

Jeff
Title: Re: FX Viper
Post by: AttilaG on October 15, 2013, 05:58:11 PM
   
       If it is a risky day why average down with 3 full trades .
        1 trade with a small loss would have been acceptable and move on.
        Now he has to work for a month to win it back. :( :( :(
Title: Re: FX Viper
Post by: primi on October 15, 2013, 06:14:25 PM
I'm disappointed file
He should not have traded today. It's a very unstable political situation 'over there' and consequently a very nervous and touchy market with market moving comments coming left right and center. He had a few pips to gain and many many more to lose. And as it stands it indeed wiped out almost a month of hard work.

I'm not disappointed file
All 3 longs look good to me. If taken at an appropriate time (and preferably with a reasonable SL). Also he cut the trades and not held it forever. Yes it was at the bottom of the range. But who knew it was the bottom at the time? It could have easily broken to the downside the way price approached just before he cut the trades. That's probably why he cut them.
Title: Re: FX Viper
Post by: ForexSignals.com on October 16, 2013, 12:14:05 AM
Hey guys,

Today was a frustrating day for FX Viper followers, however no major damage was done. This is the first real loss that he's experienced in the past 3 months.

SteveCole - I had to laugh when I saw your black highlighted box. Thank you for pointing it out, now we can all see exactly where on the screen to look if we want to see the latest trade results.

I know that the trader is finding it hard to generate pips in light of recent uncertainty and seeing the EU pop up shortly after he exited was hard to take. But I'm personally happy he chose to get out of the market as quickly as possible. Who knows what might happen over the next few days.

Title: Re: FX Viper
Post by: AttilaG on October 16, 2013, 10:36:57 AM
Wow!
Viper grid mode. Activate!

This is the way he trades if the pair moves against him. He averages out of the trade by placing additional orders.

I know this style of trading freaks out many, however it works extremely well for him. It's not aimed at profit making , it's used solely to protect capital.


Your joking right?

One days Lose (Today) just wiped out almost 1 month of small gains all the way back to Sept 27, This guy/ girl trades scared, bank on it!

I am sure we will get the , "I did it to protect people money excuse right? But who would stand in front of a move to the down side like the euro had today? And it was not news because the moved started about 2 mins BEFORE the German Zew  , which in fact was a positive reading  so the down move was not news related at all

How long is it going to now take to get out of this draw down when making only 1 to 3 pips ( myfxbook 2.7) and that does not even take commission and slippage into account.

Another FX AMP




    According to this  it will take Viper about  23 trades to get back to even if my calculation is right.
     Lets hope he goes for at least 10 pips per trade.
     
Title: Re: FX Viper
Post by: BoozyBum on October 16, 2013, 11:25:18 AM
I woke up and saw the charts and thought GREAT! It's bounced back I am in profit from those trades! But then i saw that they must have been closed a lot earlier and I had a fat drawdown. Bummer. Was a moment there where I was hopeful, I think that made the loss worse for me.

Until now though has been great signal. Will I turn down my risk?! Yes! Still one of the best signals out there (that i know of). Will definitely continue. Was just really frustrating when you see the charts (in hindsight of course...)
Title: Re: FX Viper
Post by: ForexSignals.com on October 16, 2013, 11:32:13 PM
I woke up and saw the charts and thought GREAT! It's bounced back I am in profit from those trades! But then i saw that they must have been closed a lot earlier and I had a fat drawdown. Bummer. Was a moment there where I was hopeful, I think that made the loss worse for me.

Until now though has been great signal. Will I turn down my risk?! Yes! Still one of the best signals out there (that i know of). Will definitely continue. Was just really frustrating when you see the charts (in hindsight of course...)

The exact same thing happened to me when I saw the chart in the morning Boozy :D

Title: Re: FX Viper
Post by: elmer on October 16, 2013, 11:32:47 PM
Thats funny. I only got hit less than 1% lost on my account and im on a 2x risk. Why are some people reporting a 4% lost?

Overall if you dont consider my account top up before this lost, I am still positive from when I started 3 weeks ago.

Sent from my SM-N9005 using Tapatalk

Title: Re: FX Viper
Post by: AttilaG on October 22, 2013, 06:40:38 PM
    Viper is my last signal. If he fails on his last trades I am stopping  him too.   It is funny how we trust these traders our hard earned money !
Title: Re: FX Viper
Post by: Dr ea on October 28, 2013, 11:48:38 AM
I would say that the signals are just make-believe.
Title: Re: FX Viper
Post by: WillThomas on October 28, 2013, 12:56:31 PM
I would say that the signals are just make-believe.

What does this actually mean?
Title: Re: FX Viper
Post by: kjen17 on October 28, 2013, 07:01:48 PM
I would say that the signals are just make-believe.

What does this actually mean?

Probably best not to waste your time going there lol.

Question: will you limit subscriptions at some stage to prevent execution worsening?
Title: Re: FX Viper
Post by: ForexSignals.com on October 29, 2013, 03:26:09 AM
I would say that the signals are just make-believe.

What does this actually mean?

Probably best not to waste your time going there lol.

Question: will you limit subscriptions at some stage to prevent execution worsening?

Hi Kjen,

Yes, we're keeping an eye on execution and subscription numbers. As soon as we start to see an effect we'll send out a final call.

So far it's been fine. I know there is some anecdotal evidence that some people are getting poor fills, however the bulk of followers are doing well based on our data.

Title: Re: FX Viper
Post by: kjen17 on October 29, 2013, 08:17:52 AM
many thanks Nick, my fills ok for now too but would be a shame to misjudge on that as this signal seems to have great potential.
Title: Re: FX Viper
Post by: WillThomas on October 29, 2013, 11:40:48 AM
We have built a lot of monitoring into our systems in the background that does monitoring on trades and executions etc to make sure things look normal.

We can be pretty proactive now which is great news.
Title: Re: FX Viper
Post by: AttilaG on November 07, 2013, 10:00:05 PM

     I dont like the  risk reward  with Viper .  I am out .

       GL everyone
Title: Re: FX Viper
Post by: flatour on November 24, 2013, 09:34:54 PM
Hello,
Seems Viper had/had big DD (up to -65 pips)? Is it normal behaviour?
Thanks
Title: Re: FX Viper
Post by: Waleed121 on November 24, 2013, 09:38:49 PM
If you check myfxbook link properly of his, no, genuinely trades last a a few mins
Title: Re: FX Viper
Post by: reinerh on November 24, 2013, 11:42:08 PM
If you check myfxbook link properly of his, no, genuinely trades last a a few mins

the last ucad trade was opened last thursday and went over 60 pips into dd, and its still open so far. it sure has been opend for a very long time, which does look odd to me.

most all trades only last seconds to minutes, this has me stumped.

i am not a subscriber so i am just wondering what subs have to say.
Title: Re: FX Viper
Post by: ForexSignals.com on November 25, 2013, 04:43:58 AM
If you check myfxbook link properly of his, no, genuinely trades last a a few mins

the last ucad trade was opened last thursday and went over 60 pips into dd, and its still open so far. it sure has been opend for a very long time, which does look odd to me.

most all trades only last seconds to minutes, this has me stumped.

i am not a subscriber so i am just wondering what subs have to say.

Hi Reinerh,

FX Viper normally gets out of the trade quickly because he's very good at picking accurate entries.

Occasionally he'll be wrong and a trade may move 50+ pips against him. When that happens he'll look to average into the position at strategic points. He would have added to the trade on Friday at 1.05650, however we had CAD news about to be released and  doesn't like to open/add positions close to major news.

If USDCAD continues to move north later today he'll be adding an additional position and look to exit once an opportunity presents its self.

I know there are a few people quietly freaking out about this open position, however the trader isn't worried, nor am I. We're at monthly high's on this pair and there is no fundamental reason for a continuation of the recent move.

Title: Re: FX Viper
Post by: flatour on November 25, 2013, 05:33:49 AM
Didn't know that being on monthly highs is a good sign that it shouldn't continue too much...
But I appreciate that he did not open a new trade before a CAD news.
Anyway for now he has been very good.

PS I am just observing, not a customer.
Title: Re: FX Viper
Post by: reinerh on November 25, 2013, 09:50:09 AM
I know there are a few people quietly freaking out about this open position, however the trader isn't worried, nor am I. We're at monthly high's on this pair and there is no fundamental reason for a continuation of the recent move.
>>>>>>.

thanks for the clarification, thats the way i see it as well looking at the charts. very strange move by ucad.

Title: Re: FX Viper
Post by: primi on November 25, 2013, 02:25:57 PM
Unlike Amplified this guy at least trades other setups on other pairs while in DD if you check the history. Amplified just stops trading for a few weeks even or for as long as he has his original trade going.
Title: Re: FX Viper
Post by: ultracat on November 25, 2013, 04:18:14 PM
I know there are a few people quietly freaking out about this open position, however the trader isn't worried, nor am I. We're at monthly high's on this pair and there is no fundamental reason for a continuation of the recent move.
>>>>>>.

thanks for the clarification, thats the way i see it as well looking at the charts. very strange move by ucad.

Yes I coincidentally placed similar trades on my own on other accounts before I even saw he had placed that trade.  USDCAD has worked its way up to a major S/R.  Just look at a H4 or Daily chart.  I am also in SELL trades with a stop just above this S/R level.  Currently my trades are also in the negative.  If it breaks this level the trade will end up a loser, but this trade is obviously taken thinking USDCAD will reverse back down now and I don't think it's a bad trade at all. 
Title: Re: FX Viper
Post by: flatour on November 27, 2013, 12:21:29 PM
Trade opened since 6 days now.
Looks like hold and pray :(
Not used to this by Viper.
Title: Re: FX Viper
Post by: flatour on November 27, 2013, 12:38:00 PM
@Nick

Didn't know that being on monthly highs is a good sign that it shouldn't continue too much...
Title: Re: FX Viper
Post by: Forex_Envy on November 27, 2013, 03:11:38 PM
At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.
Title: Re: FX Viper
Post by: Steve Cole on November 27, 2013, 03:33:48 PM
At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.

If you had read the thread, you would have notice Viper use a 10% equity stop loses.
Title: Re: FX Viper
Post by: flatour on November 27, 2013, 03:35:34 PM
Yes, but it is not mandatory to close green OR take the 10% loss... He can close if he estimates he is wrong... just my opinion.
Title: Re: FX Viper
Post by: Steve Cole on November 27, 2013, 03:59:31 PM
Yes, but it is not mandatory to close green OR take the 10% loss... He can close if he estimates he is wrong... just my opinion.


The question was asked I stated a fact that the rules call for a 10% equity draw down, We all have opinions, but opinions or personal views are not what people use to measure risk when they sign up to any provider , it’s the written rules ( facts) , now if the rules gets broken that is another matter. Where and when Viper closes the trade is all in his hands, but all users have no excuse because the 10% equity draw down was discuss very early in this thread, and I would assume in Nick room ( I am not a member)  so either way it makes no difference it’s a max 10% regardless of anyone  opinion, or until the provider breaks the rule , not saying Viper will but there always that chance.
Title: Re: FX Viper
Post by: Forex_Envy on November 27, 2013, 04:04:46 PM
At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.

If you had read the thread, you would have notice Viper use a 10% equity stop loses.

Actually Steve, I did read the thread. I asked because the open DD clearly exceeded 10% and I was wondering if the 10% rule had some sort of exception or if it was never a rule to begin with...
Title: Re: FX Viper
Post by: AttilaG on November 27, 2013, 04:42:53 PM

       The MaM account does not look too good  if I see it correctly.
        I am happy that I quit.



Title: Re: FX Viper
Post by: websmith on November 27, 2013, 04:54:12 PM
Guys, I'd like to inform you. If you cancel subscription in simpletrader,  cancel your paypal subscription as well (it does not cancel automatic by  simpletrader)
Title: Re: FX Viper
Post by: reinerh on November 27, 2013, 04:57:01 PM
one thing i would like to know if viper sometimes goes for higher tp values ?

seeing the ucad dd, i would think maybe he allows a winner to run occasionally, even so that has not happened yet looking through their history.

the dd seen on these 2 trades does seem not all too bad to me, especially if but i am only guessing here a good winner were to come along every once in a while.
Title: Re: FX Viper
Post by: reinerh on November 27, 2013, 05:00:25 PM
Guys, I'd like to inform you. If you cancel subscription in simpletrader,  cancel your paypal subscription as well (it does not cancel automatic by  simpletrader)

and paypal sure does not make that easy.

its a total bitch getting to the right page. i had to get to their help link numerous times till i eventually figured it out.
Title: Re: FX Viper
Post by: Steve Cole on November 27, 2013, 05:21:14 PM
At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.

If you had read the thread, you would have notice Viper use a 10% equity stop loses.

Actually Steve, I did read the thread. I asked because the open DD clearly exceeded 10% and I was wondering if the 10% rule had some sort of exception or if it was never a rule to begin with...


Maybe you should get better glass, because your very much wrong ,  and just so you do not try and miss guide members here I have posted a picture of the Viper master which clear shows the Max draw down at 4.57% of equity and    3.845 of floating losses . So your wrong , let me know if the link or picture I posted is not clear enough for you to read .

Actually what you wrote is so wrong , that it is mathematically impossible for 2 short cad trade that are down a combine total of 121 pips ( at 12:21 PM Eastern Time) with the USA/CAD trading at session high at 1.0596 to ever have reached your so call claim of 10% equity draw down when the 2 open trades are a combine size of 7.6 lots, really its almost like a joke that you even said what you said , very simple math would make your statement  impossible  and not only that is very clear to read in myfxbook

http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)


You as a vendor such be very careful about what you write when you post on other vendor threads, especially about getting your facts straight, that is unless you have t a hidden agenda   
Title: Re: FX Viper
Post by: nwboater on November 27, 2013, 05:24:23 PM
At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.

If you had read the thread, you would have notice Viper use a 10% equity stop loses.

Actually Steve, I did read the thread. I asked because the open DD clearly exceeded 10% and I was wondering if the 10% rule had some sort of exception or if it was never a rule to begin with...

No sure how you arrive at exceeding 10% DD. MyFxbook shows max dd at 4.57% on his master account. It will of course be higher for those that use more risk.

Cheers,
Rod
Title: Re: FX Viper
Post by: reinerh on November 27, 2013, 05:41:53 PM

the 10% dd might have been on nicks account, it runs 2 times risk.

the master looks just fine to me = slow but steady with very easy to handle dd.

so often when people crank up the risk, then they cry when the unavoidable dd comes.
Title: Re: FX Viper
Post by: Forex_Envy on November 27, 2013, 05:42:19 PM
Wow Steve. I was referring to Nick's account which is showing DD higher than 10%...

I understand you are stressed with the drawdown but you don't need to take it out on me. I was just asking if there was a hard SL or a hard open DD limit.

chill out dude.


At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.

If you had read the thread, you would have notice Viper use a 10% equity stop loses.

Actually Steve, I did read the thread. I asked because the open DD clearly exceeded 10% and I was wondering if the 10% rule had some sort of exception or if it was never a rule to begin with...


Maybe you should get better glass, because your very much wrong ,  and just so you do not try and miss guide members here I have posted a picture of the Viper master which clear shows the Max draw down at 4.57% of equity and    3.845 of floating losses . So your wrong , let me know if the link or picture I posted is not clear enough for you to read .

Actually what you wrote is so wrong , that it is mathematically impossible for 2 short cad trade that are down a combine total of 121 pips ( at 12:21 PM Eastern Time) with the USA/CAD trading at session high at 1.0596 to ever have reached your so call claim of 10% equity draw down when the 2 open trades are a combine size of 7.6 lots, really its almost like a joke that you even said what you said , very simple math would make your statement  impossible  and not only that is very clear to read in myfxbook

http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)


You as a vendor such be very careful about what you write when you post on other vendor threads, especially about getting your facts straight, that is unless you fact a hidden agenda
Title: Re: FX Viper
Post by: Forex_Envy on November 27, 2013, 05:46:58 PM

the 10% dd might have been on nicks account, it runs 2 times risk.

the master looks just fine to me = slow but steady with very easy to handle dd.

so often when people crank up the risk, then they cry when the unavoidable dd comes.

5% DD on the master account is very low and it looks like it will recover quickly if the account manager does decide to close at a loss.

Title: Re: FX Viper
Post by: Steve Cole on November 27, 2013, 05:52:24 PM
Wow Steve. I was referring to Nick's account which is showing DD higher than 10%...

I understand you are stressed with the drawdown but you don't need to yell at me about it. I was just asking if there was a hard SL or a hard open DD limit.

chill out dude.


At what point does Viper abandon a bad trade and move on? It looks like the USDCAD trade is going into high DD right now.

If you had read the thread, you would have notice Viper use a 10% equity stop loses.

Actually Steve, I did read the thread. I asked because the open DD clearly exceeded 10% and I was wondering if the 10% rule had some sort of exception or if it was never a rule to begin with...


Maybe you should get better glass, because your very much wrong ,  and just so you do not try and miss guide members here I have posted a picture of the Viper master which clear shows the Max draw down at 4.57% of equity and    3.845 of floating losses . So your wrong , let me know if the link or picture I posted is not clear enough for you to read .

Actually what you wrote is so wrong , that it is mathematically impossible for 2 short cad trade that are down a combine total of 121 pips ( at 12:21 PM Eastern Time) with the USA/CAD trading at session high at 1.0596 to ever have reached your so call claim of 10% equity draw down when the 2 open trades are a combine size of 7.6 lots, really its almost like a joke that you even said what you said , very simple math would make your statement  impossible  and not only that is very clear to read in myfxbook

http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-account/616112)


You as a vendor such be very careful about what you write when you post on other vendor threads, especially about getting your facts straight, that is unless you fact a hidden agenda



Let me make something very clear to you I  DO NOT at this point follow any provider, Nick can check this himself.

But funny how NOW you mention Nick's is the one with the 10% draw down account BUT FAILED to mention it when you said that the Viper has exceeded the 10% draw down,  like you wanted to mislead users, your not smart enough to play your games with me.So next time be very clear when you make a statement, or maybe you can explain to us why you failed to mention it was Nick's account which is running at 10x or 2x normal leverage, I like to hear your excuse why you failed to mention that part when you FIRST made your statement, your kid games not going to work with me I will put you or anyone else straight under the bust each and every time you mislead or try to twist the facts as you clearly have tired to do here.

Chill out, sure when you stop holding back on all the facts in a clear attempt to mislead.
Title: Re: FX Viper
Post by: Forex_Envy on November 27, 2013, 05:57:33 PM
It was an honest mistake. I didn't notice that Nick was using double risk. You are taking things way too far Steve. I have been on this forum a long time and I do not have a reputation for misleading people. Please show a little class OK. We are here to discuss trading strategies, not make personal attacks.

Title: Re: FX Viper
Post by: Steve Cole on November 27, 2013, 06:05:53 PM
It was an honest mistake. I didn't notice that Nick was using double risk. You are taking things way too far Steve. I have been on this forum a long time and I do not have a reputation for misleading people. Please show a little class OK. We are here to discuss trading strategies, not make personal attacks.


Not a problem, you want respect and “class” then shows some yourself. When you make a statement as a vendor make sure you get your facts straight and tell the whole truth, otherwise you will be treated by me in the same fashion again.

I am the first one to call out any vendor when they lie or scam people and I get hundreds of PM asking me what I think about some vendors because I speak the truth here and in my PM,

You want respect then show some yourself by not misguiding users. Which shows NO class by you.

Title: Re: FX Viper
Post by: Forex_Envy on November 27, 2013, 06:18:17 PM
For the sake of this thread staying on topic I'm not going to comment on your last post about respect and class.

It looks like price action is right against the resistance, which is holding. I think there is a decent chance Viper will get a bounce that will help close the open positions.



Title: Re: FX Viper
Post by: Shortos on November 27, 2013, 08:35:14 PM
Actually how big is the stoploss. Must prepare and well calculated when worst case scenario/SL happened


Sent from my iPad using Tapatalk HD



If you read back a couple of pages, you will notice that there is no per say "fix stop lose in pips" what there is a 10% equity draw down, which means it could have 1 position depending on the size of the trade go will beyond 500 pips of draw down, much like FX Amp 320 pips as of this past Friday), or say up to 4 trades some where at about 300 pips each, its just depends on the size of the trade.

But for me since it easy to see that Viper sells at overbought and buys at oversold levels and I can see he adds to the trades , if the second add on trade goes  over  230 pips , then his/her open trades ( grid) is/are in big trouble.

As an example if you look at the day when the non taper was release from the FOMC meeting the EUR pop above 1.3385 resistance and went up to 1.3568 or about 185 pips, so depending on where the next trades ( viper buys in oversold) are added any trade ( 2nd) after the first the break 230  pip tells me the open grid is in trouble, Same applies if viper try to sell in over bought area

But again with a 10% equity stop lose , the combination's of the "added"  trades needs to be exact or its an account blower, and viper has yet to be tested after a lose to see if he/she can recovery or in fact does not turn into a "Hold and Pray" type trader, its his/she major problem right now we don't know if viper can or how it will recover after a lose and how long?

If it takes more then say 40 trading days and viper has not recovered and viper hits another stop lose , its going to be rough make no mistake about it.

Because that would one 10% plus another 10% for total of a 20% max draw down on MyFxBook



Agreed.
Title: Re: FX Viper
Post by: Shortos on November 27, 2013, 08:37:46 PM
Wow!
Viper grid mode. Activate!

This is the way he trades if the pair moves against him. He averages out of the trade by placing additional orders.

I know this style of trading freaks out many, however it works extremely well for him. It's not aimed at profit making , it's used solely to protect capital.


Your joking right?

One days Lose (Today) just wiped out almost 1 month of small gains all the way back to Sept 27, This guy/ girl trades scared, bank on it!

I am sure we will get the , "I did it to protect people money excuse right? But who would stand in front of a move to the down side like the euro had today? And it was not news because the moved started about 2 mins BEFORE the German Zew  , which in fact was a positive reading  so the down move was not news related at all

How long is it going to now take to get out of this draw down when making only 1 to 3 pips ( myfxbook 2.7) and that does not even take commission and slippage into account.

Another FX AMP


For now
I'm on 2x risk to test Viper and i'm not worrying on current DD instead the opposite i have been waiting for that kind of floating/closed DD to check the trader how handle if the market go against his positions and see after a lose how he can recovery. Fingers crossed.



"Hi Viper, Is there any hard stoploss on you side which can protect us while you sleep?"
I asked yesterday on the liveforextrading viper thread.. but not yet answered.
Would be good to know what happens if the market rushing 500-1000 pips against our grid positions driven by unexpected news while our mental Stop (the trader) is sleeping.
Title: Re: FX Viper
Post by: ultracat on November 27, 2013, 09:04:52 PM
When GS squaks, (hundreds of) millions of dollars jump as usual

http://www.cbc.ca/news/business/goldman-sachs-says-loonie-will-fall-in-2014-1.2442415 (http://www.cbc.ca/news/business/goldman-sachs-says-loonie-will-fall-in-2014-1.2442415)

Title: Re: FX Viper
Post by: flatour on November 28, 2013, 07:47:35 AM
I'm on 2x risk to test Viper and i'm not worrying on current DD instead the opposite i have been waiting for that kind of floating/closed DD to check the trader how handle if the market go against his positions and see after a lose how he can recovery. Fingers crossed.

Good if you feel comfortable.
But what SEEMS to me bad, is that for an average TP of 5 pips, going more than 100 pips DD is weird. Also, if he does a 5-10% loss (at default risk), it can take 4 months or so to recover. That's a while.
But each of us has different expectation of EA/signals outcome.
Title: Re: FX Viper
Post by: odysseus11 on November 29, 2013, 01:47:51 AM
well look at it this way, 100 pips possible open DD to gain avg 5 pip win is *twice* as appealing as something like AMP, which routinely did 200 pips DD for 5 pip gains :)

However, I agree that 100 pip DD for 5 pip avg gain is not very good, so I assume the trader would do everything they can to *not* experience that very often.

I'm on 2x risk to test Viper and i'm not worrying on current DD instead the opposite i have been waiting for that kind of floating/closed DD to check the trader how handle if the market go against his positions and see after a lose how he can recovery. Fingers crossed.

Good if you feel comfortable.
But what SEEMS to me bad, is that for an average TP of 5 pips, going more than 100 pips DD is weird. Also, if he does a 5-10% loss (at default risk), it can take 4 months or so to recover. That's a while.
But each of us has different expectation of EA/signals outcome.
Title: Re: FX Viper
Post by: Shortos on November 29, 2013, 07:05:02 AM
Actually the avg win is 4.24 pips and the avg loss is -7.16 pips calculated from 161 trades.
The 100pips DD is very rare and since i joined there was just one significant DD(Oct11-Nov11) and Viper recovered in only 1 month. Lets see whats happens now, what kind of tools in his toolbox to solve the situation if the Loonie unfortunately weaken further and the UCAD break the strong resistance due to the high impact CAD gdp data today.
Title: Re: FX Viper
Post by: flatour on November 29, 2013, 11:37:46 AM
Will be interesting to see if trader will do something before CAD news high impact..
Title: Re: FX Viper
Post by: ultracat on November 29, 2013, 01:47:21 PM
Let's see if he's better than me : )  I have these trades too on my own but I have a hard SL up at the next S/R level close to 1.61.  I'm at work.  If it hits my SL, oh well. But that's me, I'm an amateur and I'm at work so I can't intervene (no access to MT4 here).  He's a pro and hopefully sitting at his trading terminal before, during and after the news.  If he just SL's it like I do then I think it's time to cancel, since he's not bringing anything more to the table than I can already do for myself.   8)
Title: Re: FX Viper
Post by: Forex_Envy on November 29, 2013, 06:21:46 PM
Is FX Viper forming a grid with the USDCAD? I see three open short trades for the same lot size.

If price action breaks above the resistance those positions will generate a large loss.
Title: Re: FX Viper
Post by: ultracat on November 29, 2013, 06:33:14 PM
I was about to reply no he just added 1 additional trade to average down, but now I see he's added a 3rd trade today.  So, yes, he's grid trading now I suppose.  I don't care as long as he still respects his overall 10% DD rule for the "trade" which I take to mean the basket in this case.  If he doesn't manually stop himself out at 10% on the basket then he's violated his own rules and I will leave.  Not yet....overall DD with these 3 trades at the time I write this is just over 6% on the master account, so it's fine by me.  I still feel personally it's not unreasonable to expect a retrace sometime in here.  Being Canadian I feel most familiar personally with the USD/CAD pair versus others; it does bounce around a lot in a somewhat tight range normally.  But then again there's more and more news about CAD nose-diving in 2014 so maybe it won't retrace from this level, who knows.   My account is sitting around 10% DD right now and I'm on risk=1.5 in Simpletrader.  I'm out at 15% account equity DD.  Until then I'll enjoy the ride as much as I can bear to haha.
Title: Re: FX Viper
Post by: Forex_Envy on November 29, 2013, 06:38:14 PM
I was about to reply no he just added 1 additional trade to average down, but now I see he's added a 3rd trade today.  So, yes, he's grid trading now I suppose.  I don't care as long as he still respects his overall 10% DD rule for the "trade" which I take to mean the basket in this case.  If he doesn't manually stop himself out at 10% on the basket then he's violated his own rules and I will leave.  Not yet....overall DD with these 3 trades at the time I write this is just over 6% on the master account, so it's fine by me.  I still feel personally it's not unreasonable to expect a retrace sometime in here.  Being Canadian I feel most familiar personally with the USD/CAD pair versus others; it does bounce around a lot in a somewhat tight range normally.  But then again there's more and more news about CAD nose-diving in 2014 so maybe it won't retrace from this level, who knows.   My account is sitting around 10% DD right now and I'm on risk=1.5 in Simpletrader.  I'm out at 15% account equity DD.  Until then I'll enjoy the ride as much as I can bear to haha.

Thanks for the update. Really a 10% loss isn't so bad. One concern is the weekend. If the currency gaps against the open positions the loss could be higher than 10%
Title: Re: FX Viper
Post by: jshear on November 29, 2013, 06:56:23 PM
Ok so lets set the record straight. Yes Jshear is FX Viper. Yes  Trusted  FX is my personal friend and long term mentor. I had no interest in being bugged by Donna members every time I trade or while I am in trades but now I need to set the record straight about  the miss information about the current open trades. First of all I WILL NOT EXCEED MY 10 PERCENT DRAW DOWN LIMIT. Yes I add trades to open positions  as stated many times so yes you can call it a dynamic grid. Yes there is now a 3rd trade open. Today's GDP print was the best GDP print in 2 years. Yes I live in Canada and I am fully aware of the economy in my own back yard. Am I worried about a weekend gap. NO. Canada is not like the EURO zone we have no crisis in this country. We are very stable. Today as most experienced traders are aware that the markets are thin in liquidity. Most US Head bank traders are off for the Thanksgiving long weekend holiday. So if you look at your charts you will see the Euro, Pound and CAD and other pairs are trading every erratic. Now that I have told you that I am the trader I WONT be bothered by stupid posts in this thread especially by Vendors. So I am off to do what I do best is trade. And if all you guys who think you can trade better then good luck and  do it yourself as I really don't care!!


Viper ;)
Title: Re: FX Viper
Post by: ultracat on November 29, 2013, 07:11:44 PM
Thanks for the reply.  Not sure who you were being defensive from as both FE and my posts are basically agreeing with what you just said.  Nice to hear from you.  I agree don't get bogged down by negativity on here, but please do come every once and a while to tell us what you are up to, we appreciate it.  I'm your follower by the way.  If you read my posts I had said that in addition to following you I also took basically the same trades on my own i.e. I agree with your logic in those trades.  Thank you for confirming you will stick with your 10% rule, that means a lot!
Title: Re: FX Viper
Post by: Spacey on November 29, 2013, 08:00:26 PM
Jeff, did you decide to come reveal yourself now because I figured it out earlier? I can assure you that I never shared that info with anyone else.

- Spacey
Title: Re: FX Viper
Post by: nwboater on November 29, 2013, 08:14:45 PM
Hi Jeff - Thanks for 'Outing' yourself. Always good to have the transparency and to put rumors to rest.

I'm looking forward to a lot of great trading from you in the years to come. I'm sure this present UC incident will become just a tiny blip in our road to good fortune!

As I've said before I fee extremely fortunate to have a trader of your talents trading for me.

Have a great weekend!

Cheers,
Rod

Title: Re: FX Viper
Post by: Forex_Envy on November 29, 2013, 08:17:29 PM
Ok so lets set the record straight. Yes Jshear is FX Viper. Yes  Trusted  FX is my personal friend and long term mentor. I had no interest in being bugged by Donna members every time I trade or while I am in trades but now I need to set the record straight about  the miss information about the current open trades. First of all I WILL NOT EXCEED MY 10 PERCENT DRAW DOWN LIMIT. Yes I add trades to open positions  as stated many times so yes you can call it a dynamic grid. Yes there is now a 3rd trade open. Today's GDP print was the best GDP print in 2 years. Yes I live in Canada and I am fully aware of the economy in my own back yard. Am I worried about a weekend gap. NO. Canada is not like the EURO zone we have no crisis in this country. We are very stable. Today as most experienced traders are aware that the markets are thin in liquidity. Most US Head bank traders are off for the Thanksgiving long weekend holiday. So if you look at your charts you will see the Euro, Pound and CAD and other pairs are trading every erratic. Now that I have told you that I am the trader I WONT be bothered by stupid posts in this thread especially by Vendors. So I am off to do what I do best is trade. And if all you guys who think you can trade better then good luck and  do it yourself as I really don't care!!


Viper ;)

I think you could have said the same thing in a more professional manor. We are just making observations and asking questions. There is no reason to be defensive.

I hope your assumption that weekend gaps don't happen to the USDCAD is correct for the sake of your fund. Remember that you are not trading CAD, you are trading the relationship between the USD and the CAD which could fluctuate over the weekend.

Anyhow I hope you can recover from the open drawdown. This fund has a good track record and a lot of people like the service you provide.
Title: Re: FX Viper
Post by: reinerh on November 29, 2013, 11:29:51 PM

this is what i thought as well, the trade similiarities have been very close to trusted, also have to say you were an excellent student, and am quite certain the ucad trades will end in your favour :)

and funny what you said about ucad is exactly what i been just thinking today, canada is your back yard and so you know or have a very good feeling about this particular pair.

so keep up the good work.
Title: Re: FX Viper
Post by: kjen17 on November 30, 2013, 10:36:28 AM
Quote
Jeff, did you decide to come reveal yourself now because I figured it out earlier? I can assure you that I never shared that info with anyone else.

- Spacey

You did not need to be Sherlock Holmes to work it out - he signed as Jeff one time in the Viper forum and both from Canada, plus the similarity with Trusted FX in trading style.

As you can't have multiple i.ds here, I wonder which he will choose - I think the Viper one is more cool... ;)
Title: Re: FX Viper
Post by: primi on November 30, 2013, 11:28:19 AM
I hate it when you guys change your avatars it gets me all confused.  :D :D So is Jeff/Viper the one that pretended to be Pacman in his former life?
Title: Re: FX Viper
Post by: forexbaby on November 30, 2013, 01:00:15 PM
Ok so lets set the record straight. Yes Jshear is FX Viper. Yes  Trusted  FX is my personal friend and long term mentor. I had no interest in being bugged by Donna members every time I trade or while I am in trades but now I need to set the record straight about  the miss information about the current open trades. First of all I WILL NOT EXCEED MY 10 PERCENT DRAW DOWN LIMIT. Yes I add trades to open positions  as stated many times so yes you can call it a dynamic grid. Yes there is now a 3rd trade open. Today's GDP print was the best GDP print in 2 years. Yes I live in Canada and I am fully aware of the economy in my own back yard. Am I worried about a weekend gap. NO. Canada is not like the EURO zone we have no crisis in this country. We are very stable. Today as most experienced traders are aware that the markets are thin in liquidity. Most US Head bank traders are off for the Thanksgiving long weekend holiday. So if you look at your charts you will see the Euro, Pound and CAD and other pairs are trading every erratic. Now that I have told you that I am the trader I WONT be bothered by stupid posts in this thread especially by Vendors. So I am off to do what I do best is trade. And if all you guys who think you can trade better then good luck and  do it yourself as I really don't care!!


Viper ;)

I think you could have said the same thing in a more professional manor. We are just making observations and asking questions. There is no reason to be defensive.

I hope your assumption that weekend gaps don't happen to the USDCAD is correct for the sake of your fund. Remember that you are not trading CAD, you are trading the relationship between the USD and the CAD which could fluctuate over the weekend.

Anyhow I hope you can recover from the open drawdown. This fund has a good track record and a lot of people like the service you provide.

have to agree that we are talking about usd and cad and NOT only cad. However, give FX Viper some space and he is within his rule.
Title: Re: FX Viper
Post by: Forex_Envy on November 30, 2013, 01:52:32 PM
Ok so lets set the record straight. Yes Jshear is FX Viper. Yes  Trusted  FX is my personal friend and long term mentor. I had no interest in being bugged by Donna members every time I trade or while I am in trades but now I need to set the record straight about  the miss information about the current open trades. First of all I WILL NOT EXCEED MY 10 PERCENT DRAW DOWN LIMIT. Yes I add trades to open positions  as stated many times so yes you can call it a dynamic grid. Yes there is now a 3rd trade open. Today's GDP print was the best GDP print in 2 years. Yes I live in Canada and I am fully aware of the economy in my own back yard. Am I worried about a weekend gap. NO. Canada is not like the EURO zone we have no crisis in this country. We are very stable. Today as most experienced traders are aware that the markets are thin in liquidity. Most US Head bank traders are off for the Thanksgiving long weekend holiday. So if you look at your charts you will see the Euro, Pound and CAD and other pairs are trading every erratic. Now that I have told you that I am the trader I WONT be bothered by stupid posts in this thread especially by Vendors. So I am off to do what I do best is trade. And if all you guys who think you can trade better then good luck and  do it yourself as I really don't care!!


Viper ;)

I think you could have said the same thing in a more professional manor. We are just making observations and asking questions. There is no reason to be defensive.

I hope your assumption that weekend gaps don't happen to the USDCAD is correct for the sake of your fund. Remember that you are not trading CAD, you are trading the relationship between the USD and the CAD which could fluctuate over the weekend.

Anyhow I hope you can recover from the open drawdown. This fund has a good track record and a lot of people like the service you provide.

have to agree that we are talking about usd and cad and NOT only cad. However, give FX Viper some space and he is within his rule.

I really don't think there will be a large enough gap to exceed Vipers 10% DD limit. The USDCAD is at a large resistance and if anything price action will probably gap down.

As a last resort you can always hedge your positions if you are really concerned about a gap. In this case it probably isn't necessary.
Title: Re: FX Viper
Post by: forexbaby on November 30, 2013, 02:06:52 PM
im not in fx viper trades. Get out 1 day ago with small loss i think .
Title: Re: FX Viper
Post by: odysseus11 on November 30, 2013, 04:47:19 PM
Good for you Jeff, keep your head down and do your your thing and dont pay attention to this forum at all, its a bad mix for someone who is trying to trade at the same time IMO. Best wishes.

Ok so lets set the record straight. Yes Jshear is FX Viper. Yes  Trusted  FX is my personal friend and long term mentor. I had no interest in being bugged by Donna members every time I trade or while I am in trades but now I need to set the record straight about  the miss information about the current open trades. First of all I WILL NOT EXCEED MY 10 PERCENT DRAW DOWN LIMIT. Yes I add trades to open positions  as stated many times so yes you can call it a dynamic grid. Yes there is now a 3rd trade open. Today's GDP print was the best GDP print in 2 years. Yes I live in Canada and I am fully aware of the economy in my own back yard. Am I worried about a weekend gap. NO. Canada is not like the EURO zone we have no crisis in this country. We are very stable. Today as most experienced traders are aware that the markets are thin in liquidity. Most US Head bank traders are off for the Thanksgiving long weekend holiday. So if you look at your charts you will see the Euro, Pound and CAD and other pairs are trading every erratic. Now that I have told you that I am the trader I WONT be bothered by stupid posts in this thread especially by Vendors. So I am off to do what I do best is trade. And if all you guys who think you can trade better then good luck and  do it yourself as I really don't care!!


Viper ;)
Title: Re: FX Viper
Post by: Sidekickeh on December 01, 2013, 09:11:40 PM
Wtf. Do you mean to tell me that jshear is really fx viper AND jshear AND trusted fx?
Title: Re: FX Viper
Post by: jshear on December 01, 2013, 09:30:48 PM
No I am not Trusted FX he is a very good friend of mine and mentor. I am only Viper


Cheers

Jeff  :)
Title: Re: FX Viper
Post by: ForexSignals.com on December 02, 2013, 01:04:48 AM
Hey guys,

Just letting you know that I'm still monitoring this thread even though I haven't posted for a little while.

I'm discouraging Viper from participating on this forum because I see it as a lose/lose situation.

I will be answering any questions people have.

We're at the 2 year high on USDCAD right now, all we need is a 50-60 pip retrace to get out of the position. I know it's nerve racking for those of us that have risk turned up, however this was always going to happen.

Let's see what happens, working through a drawdown like this is what separates amateurs and professionals.






Title: Re: FX Viper
Post by: Forex_Envy on December 02, 2013, 01:11:03 AM
Hey guys,

Just letting you know that I'm still monitoring this thread even though I haven't posted for a little while.

I'm discouraging Viper from participating on this forum because I see it as a lose/lose situation.

I will be answering any questions people have.

We're at the 2 year high on USDCAD right now, all we need is a 50-60 pip retrace to get out of the position. I know it's nerve racking for those of us that have risk turned up, however this was always going to happen.

Let's see what happens, working through a drawdown like this is what separates amateurs and professionals.

Even if Viper hits a SL this trader is still doing very well. A 50-60 pip retrace shouldn't be too hard to conjure up with the strength of this resistance. I hope the looney stays sane so Viper can pull through this DD.
Title: Re: FX Viper
Post by: forexbaby on December 02, 2013, 01:30:11 AM
Hey guys,

Just letting you know that I'm still monitoring this thread even though I haven't posted for a little while.

I'm discouraging Viper from participating on this forum because I see it as a lose/lose situation.

I will be answering any questions people have.

We're at the 2 year high on USDCAD right now, all we need is a 50-60 pip retrace to get out of the position. I know it's nerve racking for those of us that have risk turned up, however this was always going to happen.

Let's see what happens, working through a drawdown like this is what separates amateurs and professionals.

yes, that is a very very good choice.  :)
Title: Re: FX Viper
Post by: grgr on December 02, 2013, 10:30:24 AM
Most wise books or articles will say you that when the risk is 2 times smaller than the return it is starting to be good. So what is happening with this signal? risking 160 pips (or even more i read about 10% position loss) to gain 3 pips. Return/Risk: 0.01875

So closing those positions with 270 pips loss will require 90 trades of 3 pips. One and a half month of 3 pips trades without any mistake to cover the eventuall loss.

I'm really scared of system like this, many times in the past i've seen steady growing equity curve for some time, then few bad trades turned the signal (or ea, whatever) into a disaster and blow out the account. Also, I didn't only seem then, i lost some money with it either! So i don't understand how you could say this system is going very well. I might be wrong now, so explain me why if you know how.
Title: Re: FX Viper
Post by: AttilaG on December 03, 2013, 10:46:20 AM

    Praying mode on ?  ???
    Very bad  r : r  !
   
Title: Re: FX Viper
Post by: Forex_Envy on December 03, 2013, 02:01:55 PM
The USDCAD is still respecting the resistance so Viper still has a shot. They are right at 10% DD (correct me if I am wrong) but at this point they should hold on and hope for a bounce. They have taken it this far, what is a few more pips?


Title: Re: FX Viper
Post by: orlando on December 03, 2013, 04:26:19 PM
It may retrace as well as it may not retrace, nobody can 100% predict the market but it is amazing the level of criticisms displayed to other vendors who broke their rules or made some bad trades which I guess built up a certain level of confidence and trust amongst some persons, is BearBull the mentor?

Extracted from liveforextrading.org:
"Viper Quotes:
 30/11/2013 5:06 pm
 I will not exceed 10 percent draw down. So there is no need for using ST max % draw down as I will follow the rules.
 30/11/2013 6:19 am
 Guys I will NEVER exceed my 10 percent draw down. I don't break rules.
 28/11/2013 11:34 am
 Where do I state if price moves higher we will all face 10 percent draw down? I have many trading tools left in my chest. Like I said were at war together and we will win the battle!!
 29/7/2013
 My max risk is around 10 percent although it is rare
 ________________________________
 .... disappointed.
 Yes I know I can close it myself I've had this argument before and don't want to go over it again.
 Not sure what happened here Nick, I seem to be on the wrong ride, feels like a rollercoaster to me."

http://www.liveforextrading.org/forum/showthread.php/40-FX-Viper?p=5407&viewfull=1#post5407 (http://www.liveforextrading.org/forum/showthread.php/40-FX-Viper?p=5407&viewfull=1#post5407)

AND

"I could not agree more.
 And under his old User Name on Donna Forum
 "Signal Services / Re: KonstantinFX LTD Signals
« on: 28 September 2013, 21:53:54 »
When any traders breaks his rules it's time to let them go."
 Not Happy Jan"

http://www.liveforextrading.org/forum/showthread.php/40-FX-Viper?p=5415&viewfull=1#post5415 (http://www.liveforextrading.org/forum/showthread.php/40-FX-Viper?p=5415&viewfull=1#post5415)

To all persons trading martingale grid, grid, modifed martingale grid or modified grid systems just go to the currency pair chart and select the H1 or H4 timeframe and zoom out completely and slowly scroll to the left and take note of the strong trends that occurs now and again that can result in a few thousand pips move without any significant correction. Ask yourself will the system I am trading/following survive if a major move occurs without a significant correction and what will be the impact on my investment?
Title: Re: FX Viper
Post by: odysseus11 on December 03, 2013, 04:48:31 PM
thats all fine Orlando but I dont see that the DD hit 10%. If and when it does, see if Viper sticks to his rule or doesnt. Then, not before. Unless I am incorrect and it did already hit. Im not a sub so I dont know.
** edit ** just looked at the myfxbook of the master account and it does show a greater than 10% equity DD. Cant tell if he closed the positions or not. Can a sub confirm?
Title: Re: FX Viper
Post by: Forex_Envy on December 03, 2013, 04:53:29 PM
thats all fine Orlando but I dont see that the DD hit 10%. If and when it does, see if Viper sticks to his rule or doesnt. Then, not before. Unless I am incorrect and it did already hit. Im not a sub so I dont know.
** edit ** just looked at the myfxbook of the master account and it does show a greater than 10% equity DD. Cant tell if he closed the positions or not. Can a sub confirm?

Hello Odysseus,

It would be a crime to close the trades at a major resistance even if his 10% was exceeded by 1 or 2 percent. He SHOULD let his subs know the plan so they don't panic. Just my opinion.

Title: Re: FX Viper
Post by: odysseus11 on December 03, 2013, 05:01:30 PM
Hi Robert,
Yea the problem with those trades isnt so much USD strength, its that CAD cant pick itself off the floor, just like the other commodity currencies lately.
That why Im not sure this will bounce.

Tough call either way - if he closes and sticks to his hard rule, he wipes out all the gains going back to June. If he holds, a) it may justget worse, and b) he broke his own rule. So its not an easy situation at this point.

Title: Re: FX Viper
Post by: jshear on December 03, 2013, 05:07:04 PM
Thanks  Envy I appreciate your support and words of encouragement. Yes the subs were notified yesterday that I may exceed the 10 percent DD. To have an exact DD limitation as you know can limit a traders ability. A range which was discussed on the forum of this signal is much more suitable. This gives the trader a little wiggle room. Without it I am l limited to open any new trades on the CAD or any other pair. At that time  subs were giving prior warning and they are free to close any trades they want if the risk exceeds there expectations.


Cheers

VIper
Title: Re: FX Viper
Post by: SubZeroFX on December 03, 2013, 06:00:39 PM
Viper,

Remember that most of the negative comments here and on our LFT forum does not represent the majority of your investors (as you have 100s of active followers).

Just keep doing your thing (the trading).

You did have some nice trading today as well. Banked many green pips, thanks!
Title: Re: FX Viper
Post by: Viktory on December 03, 2013, 09:38:28 PM
Jeff/Viper,

I agree with you about the LiveForexTrading forum being worse than DonnaForex regarding some of its members. I think that it’s because in Donna, although there are some picky members that criticize a lot along with vendors bashing “the competence” and interfering in topics/threads that are not of their business, there are also a lot professionals and traders with good intentions willing to help and investigate/experiment, combined with rookies/amateurs that go there to learn from them and to find good alternatives for trading (either EAs, Signals or Managed Accounts)... While LFT is plagued with members are only lazy traders’ wannabes (me included... “let he who has not sinned throw the first stone") that are only waiting for real traders (like you) to make money for them without any effort of their side... BIG DIFFERENCE! (Of course we also have truly valuable members there, starting with Nick; and with traders like Joe/Turtle who is always willing to help with good humor and very positive attitude).

I have felt very nervous about those USD/CAD shorts at different moments. But I’m still there... And I have stayed out of participating in your thread, because I prefer to avoid conflict and discussions that only go to nowhere. Also, I accept that I have doubted and complained in the Chat Room at moments of high stress and concern... But I won’t do it anymore (as I have learned different very valuable lessons since those difficult trades started), and now I have preferred to stay away in order to be calm.

Just stay calm and everything will be right ;) There’s no need for you concerning or getting upset/annoyed because of silly/nasty/negative comments. Let them be (I suppose they will face reality at some point; me included).

You have my support... Cheers and good luck!
Vic :)
Title: Re: FX Viper
Post by: flatour on December 04, 2013, 10:01:47 AM
I am sorry for the followers and I admit I was not far from subscribing.

I am really disappointed by :

- broken rules
- very bad RR
- DD, it will take months to recover, if recovered

Even if this -11% ends at BE, I won't subscribe, break the rules and sooner or later.... badaboom.
Title: Re: FX Viper
Post by: flatour on December 04, 2013, 10:05:28 AM
We're at monthly high's on this pair and there is no fundamental reason for a continuation of the recent move.

Quote from: flatour
Didn't know that being on monthly highs is a good sign that it shouldn't continue too much...

Nick.... Next time focus on selling your "systems"....
Title: Re: FX Viper
Post by: forexbaby on December 04, 2013, 10:21:40 AM
the only minus point is trader changes rule in the middle of trading and many users were kind of stuck in between.

Of course, users can mange their own trades and cut if necessary. Also today BIG USA news, bad news=stock rally plus viper may be safe!

If good news, not too sure what will happen.

Title: Re: FX Viper
Post by: ultracat on December 04, 2013, 03:58:36 PM
Viper since you are no longer going with your 10% rule on this trade, what is the SL in your mind now?   Do you have a plan or are you monitoring it and deciding as you go along?  News continues to come out pushing the pair up.  A retrace is not guaranteed, so you need to have an exit condition in mind.  Do you mind sharing it with your followers?
Title: Re: FX Viper
Post by: AttilaG on December 04, 2013, 04:07:33 PM

   Is this called   amateurish behaviour ?
Title: Re: FX Viper
Post by: orlando on December 04, 2013, 04:10:28 PM
He applied the BearBull hedging technique, now all the subs gains have turned to unrealized losses of close to 13% (instead of sticking to the original rule and closing out at 10% loss). Hoping to gain profits from other trades and slowly close out the long and short usdcad positions using the profits. If a similar situation arises with another currency pair then a 2nd hedge will have to be put in place. I guess he can tell the subs to focus on the balance not the equity.
Title: Re: FX Viper
Post by: Forex_Envy on December 04, 2013, 04:16:48 PM
Are the USDCAD positions closed now?

Title: Re: FX Viper
Post by: rex68 on December 04, 2013, 04:24:13 PM
Are the USDCAD positions closed now?

nope.. only the hedge uc trade or 3 pips  :)
Title: Re: FX Viper
Post by: ultracat on December 04, 2013, 04:27:12 PM
No, hedged apparently  ???

Except I'm at work and on my Simpletrader web interface I dont' see the hedge trade(s).  When I get home I'll close them, if my account's still there.  I would like to know the logic behind the hedge, I can't see it as anything but a panic move now.  On my own USDCAD trades I took the SL as of the spike up last Friday at the close.  Pro traders need to learn to take losses.  I'm not paying my broker swaps to nurse this hedge.  I've already lost over $10,000 this year to dumb hedging. 
Title: Re: FX Viper
Post by: semaj on December 04, 2013, 04:31:59 PM
Hedging was opened and closed.

When it comes to hedging, booking a positive value or a negative value in the 'Account History' is just a tool. We must raise the value of the equity on each hedging (i.e. open and close.). Otherwise, the trading account would just bear the burden for the commission payable and spreads.
Title: Re: FX Viper
Post by: rex68 on December 04, 2013, 04:34:58 PM
No, hedged apparently  ???

Except I'm at work and on my Simpletrader web interface I dont' see the hedge trade(s).  When I get home I'll close them, if my account's still there.  I would like to know the logic behind the hedge, I can't see it as anything but a panic move now.  On my own USDCAD trades I took the SL as of the spike up last Friday at the close.  Pro traders need to learn to take losses.  I'm not paying my broker swaps to nurse this hedge.  I've already lost over $10,000 this year to dumb hedging.

Yea there was the hedge trade which have since closed:

12.04.2013 17:02    12.04.2013 17:52   USDCAD    Buy    11.40    -    -    1.06909    1.06940   3.1   239.27

However........ another short has just been added:

12.04.2013 18:32   USDCAD   Sell   3.80   1.0695

Good luck mate  :-X


Title: Re: FX Viper
Post by: Nasdaq100 on December 04, 2013, 05:14:44 PM
Did the strategy change here? I always liked how this trader used to cut his losses early.

I hope you guys recover soon before the NFP news this Friday, because otherwise it will be very stressful!
Title: Re: FX Viper
Post by: AttilaG on December 04, 2013, 05:17:08 PM
     Be careful guys and look what happened in  oct.  2008 !
Title: Re: FX Viper
Post by: orlando on December 04, 2013, 05:25:18 PM
Megabot,

Do you always like how he bashes vendors/traders under a different username when he was actually a vendor himself? See quote from your forum below:

When any traders breaks his rules it's time to let them go. If you don't your putting your reputation at risk.   Simple as that.  He should be done with.

Cheers
Jeff  ;)

Did the strategy change here? I always liked how this trader used to cut his losses early.

I hope you guys recover soon before the NFP news this Friday, because otherwise it will be very stressful!
Title: Re: FX Viper
Post by: jwatts7701 on December 04, 2013, 06:02:18 PM
Holy moon tunes! Jshear I think you are a joke. I don't think that that is very fair, or professional, or honest Jeff? Do you? I am talking about using different names when you are vendor and post on other vendors sites (not really talking about the trading although it is terrible as well).

I agree with Orlando. I have been reading about your reputation on the forum Jeff (this is part of the reason I WANTED to invest in Trusted FX), and you have sure dished out a lot of negative feedback to people who do exactly what you have done here. It seems that the only reason you have "come clean" about your misleading everyone is because you screwed up and posted with a wrong login. So you only confessed because of your slip up and getting busted from it.

If you are managing other people's money or selling them signals it is best to be upfront and honest about it from the start. I thought that Donna banned people for doing this exact thing? Either way I don't feel you can be trusted. Not just because of your poor trading, but because you are deceiving to people. It is very frustrating for us followers who are trying to find honest providers and clearly understand who is who in this business. The lesson here I guess is to trust NO ONE! I will be cancelling my signal. For combination of terrible rule breaking trading + deceiving users with different names being a vendor.

Donna or a mod, can you clarify if this is reason for banning or not? Sorry if this sounds harsh but I believe many of us are getting tired of it.
Title: Re: FX Viper
Post by: donnaforex on December 04, 2013, 07:01:31 PM
I don't think Jeff has used multiple usernames here in the forum? Or, pretended to be a customer/curious bystander of his own system? I would tend to support our longer standing members in cases where they are employed to act as traders on other companies funds anonymously, as long as they were not acting to deceive people by posting promotions and encouraging others to sign up, saying how great the service is, etc, which is why this rule even exists, to stop sellers promoting themselves with deceit. I don't see this going on here?
Title: Re: FX Viper
Post by: grgr on December 04, 2013, 07:31:57 PM
The same thing with trades might happen with Trusted FX. Simply this is why i don't like this Risk:Reward ratio. 170 good trades (if i can call scalp trades good), and 3 trades screw everything up. But on the other hand, maybe if trusted is more experienced he wouldn't let so huge dd happen, but it's still to small gain in comparison with the risk.
Title: Re: FX Viper
Post by: Nasdaq100 on December 04, 2013, 07:42:05 PM
Although I am not as active on Donna forum anymore, I have only dropped a comment here with absolutely no intentions of writing anything negative, and I never knew that Jshear is the trader behind FXViper. This is shocking to me.
Title: Re: FX Viper
Post by: jshear on December 04, 2013, 07:50:05 PM
I outed myself. I never used any multiple identities to fool anyone. I was under confidentially with my client about me personally being the trader. There is no funny business here just me honouring the wishes of my client.


Cheers


Jeff or Viper


PS And I have made it very clear Trusted FX is a good friend and mentor of mine!!
Title: Re: FX Viper
Post by: orlando on December 04, 2013, 09:00:02 PM
Donna,

He used the username "Jshear" in this Fxviper forum to keep the discussions and hype alive, see below:

1) Message by jshear on October 15, 2013, 04:03:12 pm »
I can't believe guys are  freaking  out over a small loss he's only down a fraction of a percent for the month. Now I have seen everything.

2) Message by jshear on October 03, 2013, 08:36:44 am »
Do you mean September or October?

3) Message by jshear on August 10, 2013, 12:59:58 pm »
Any more pips last week?

4) Message by jshear on August 06, 2013, 05:52:49 pm »
How many pips for the day? I see Nick got 23.6 pips today on his account.

5) Message by jshear on August 06, 2013, 01:17:39 pm »
Didn't this guy do 2 trades today? I am confused?

Don't get me wrong, the recommendations to stay away from other systems due to the breaking of rules and a few awful trades were completely valid but now that the shoe is on the other foot a different song is being sung.

I don't think Jeff has used multiple usernames here in the forum? Or, pretended to be a customer/curious bystander of his own system?
Title: Re: FX Viper
Post by: kjen17 on December 05, 2013, 08:00:59 PM
Strictly speaking I suppose Jeff should have only posted as Viper on the Viper thread, but I couldn't really give a monkey's about that because he is a good trader that wants to help others, and not to be compared with those vendors who sell useless rubbish & who shill their own threads.

Title: Re: FX Viper
Post by: jubal on December 05, 2013, 08:48:57 PM
Strictly speaking I suppose Jeff should have only posted as Viper on the Viper thread, but I couldn't really give a monkey's about that because he is a good trader that wants to help others, and not to be compared with those vendors who sell useless rubbish & who shill their own threads.

I agree with most of what youve said.  Jeff is well respected here but at the same time he should have known someone would catch on eventually, leaving himself embarrassed. All he had to do was get Donna to introduce him in first page of thread.   Not only would he have spared himself a red face but could have gained more subs due to his high standing.  He must be kicking himself for being so naive.  Anyway its over now and good luck to Jeff.
Title: Re: FX Viper
Post by: Forex_Envy on December 05, 2013, 10:09:09 PM
There has been a 50 pip retrace in the USDCAD so I thought I would check to see how the grid Viper made was going.

It appears that he placed a full hedge on the grid...

Really bad luck :(

Is Viper going to go on with the positions fully hedged or try and close one side hedge at some point?
Title: Re: FX Viper
Post by: odysseus11 on December 05, 2013, 10:13:40 PM
I understand his motivations.
In this case, my own personal feeling is that Jeffs heart has always been in the right place, and he has been a valuable and respected contributor for years. He can be harsh to scam vendors (which they nearly always fully deserve),  but has stuck his neck out and helped many of us traders publicly and privately, myself included. I hope Donna cuts him slack here.
Title: Re: FX Viper
Post by: Eric on December 05, 2013, 10:19:56 PM
Envy

Hummm Why bad luck?

The hedge is a 'perfect' protection, especially knowing what could happen tomorrow.

As for what he will be doing, please refer to appropriate website where you can read everything about his plan.

In the meantime, please let's leave him do the job and bagging some pips as he did today.

By the way, good luck in selling your system too.
Title: Re: FX Viper
Post by: Forex_Envy on December 05, 2013, 10:35:37 PM
Envy

Hummm Why bad luck?

The hedge is a 'perfect' protection, especially knowing what could happen tomorrow.

As for what he will be doing, please refer to appropriate website where you can read everything about his plan.

In the meantime, please let's leave him do the job and bagging some pips as he did today.

By the way, good luck in selling your system too.

Honestly I was just trying to show some sympathy. I am a trader and I know what if feels like to get it wrong. I don't feel like I am distracting him. I was just wondering if those close to the situation could share.


I'm not here to selling you anything. I am simply discussing what is going on. I could sign in as a different user so I wouldn't get harassed every time I make an observation or ask a question but that would be wrong wouldn't it?...
Title: Re: FX Viper
Post by: Eric on December 05, 2013, 10:57:44 PM
Envy

Maybe you were showing sympathy and 'of course' you have nothing to 'sell' but read again your message: "....how the grid Viper made was going"

Viper a grid trader? For more info, again please go to the website where you can read everything about him/his plan etc... And why the hedge... Everything is crystal clear and I am sure Viper cannot be distracted in any case.

But having said that, it is not the first time you have been corrected on several threads by several senior members (twice here Viper i.e. Steve Cole/mwboater/reinerh).

Again, as a vendor, please get your facts rights and please do go to the appropriate website, should you NOT know anything about Viper and his plans/hedge.

Yet again, you are a trader so tomorrow is NFP day. Maybe the hedge is EXACTLY what is needed. Just saying...

Thank you for your view on Viper.

Title: Re: FX Viper
Post by: Viktory on December 05, 2013, 11:12:02 PM
I only know that Jeff/Viper is a relatively new vendor, and since then he hasn’t been bashing anyone in other vendor’s thread... And before he was a vendor, such thing (if existing) was totally “right”... So please, let him do his work, and don’t be so rude with him only for the sake of doing it.

Vic
Title: Re: FX Viper
Post by: Forex_Envy on December 05, 2013, 11:21:31 PM
Envy

Maybe you were showing sympathy and 'of course' you have nothing to 'sell' but read again your message: "....how the grid Viper made was going"

Viper a grid trader? For more info, again please go to the website where you can read everything about him/his plan etc... And why the hedge... Everything is crystal clear and I am sure Viper cannot be distracted in any case.

But having said that, it is not the first time you have been corrected on several threads by several senior members (twice here Viper i.e. Steve Cole/mwboater/reinerh).

Again, as a vendor, please get your facts rights and please do go to the appropriate website, should you NOT know anything about Viper and his plans/hedge.

Yet again, you are trader so tomorrow is NFP day. Maybe the hedge is EXACTLY what is needed. Just saying...

Thank you for your view on Viper.

I'm sorry but trying to say I have been corrected numerous times is a fallacy. The one mistake I made was questioning the amount of open drawdown Viper would allow before closing the open positions. As it turns out I was right and everyone who told me 10% was the ABSOLUTE MAX was wrong.

I know Viper is not sold to its subs as a grid, but he formed a grids in this situation in an attempt to recover from a bad trade. This time it didn't work, but that is trading. Some you win, some you lose right?

I don't want to bother Jeff. He seems to have helped a lot of good members on this site. Just don't tell me I'm running around the forums making ignorant comments when I call things like I see them. If you want to call three consecutive trades for the same size in the same direction something besides a grid, go ahead. You can call it a banana for all I care. Just don't imply that I am ignorant for stating the obvious.
Title: Re: FX Viper
Post by: jshear on December 06, 2013, 12:06:08 AM
Since I outed myself and I am trading a signal service I will not comment on any other vendors thread. I don't feel it's right for me to do that. I do appreciate some of Forex Envy's comments but I have noticed that he's very active on many threads of this site ? Personally I am not sure if that is right ? But this is only my opinion


Cheers


Jeff  ;)
Title: Re: FX Viper
Post by: ninjaturtle on December 06, 2013, 12:17:02 AM
this is all useless banter as i see it. as long as your trading decisions are out of your control, you should always prepare to face unexpected results. simple! i posted some time ago that i hope the same praise singers will not get on here whingeing when the system suffers unexpected losses (and ofcourse it will happen now and then). viper may be comfortable with his trade positions based on his understanding of the markets and his levels of exposure, obviously a lot of subs won't be. we can get on here and bash jshear all we want, the honest truth will always be that until we have all our profits and losses under our control, mentally (by decisions) and physically (by actions), we can only end up always blaming everyone else for any failures. for whoever cares, take some time and learn how to trade...manually or mechanically. if you must be a forex trader, don't depend on others for your success in trading  :)
Title: Re: FX Viper
Post by: Nasdaq100 on December 06, 2013, 07:54:19 AM
Since I outed myself and I am trading a signal service I will not comment on any other vendors thread. I don't feel it's right for me to do that. I do appreciate some of Forex Envy's comments but I have noticed that he's very active on many threads of this site ? Personally I am not sure if that is right ? But this is only my opinion


Cheers


Jeff  ;)

Jeff, you are still welcome to post on our topic and express your opinion as long as it is truly coming from your heart, and with no intentions to bash your competitors.

And I agree with some of the comments here, if you had announced straight from the beginning that you are the trader behind FXViper you would had got more subscribers than you do now.

As for your current trading situation, I am sure that this is a trading scenario/behavior which you would have heavily criticized on other services threads if they were going through the same thing. (And you know this)

Good luck



Title: Re: FX Viper
Post by: user456 on December 06, 2013, 08:17:12 AM
As for your current trading situation, I am sure that this is a trading scenario/behavior which you would have heavily criticized on other services threads if they were going through the same thing. (And you know this)

very true
Title: Re: FX Viper
Post by: Waleed121 on December 06, 2013, 08:34:39 AM
Hi guys,

I have been assigned to Viper's master since he offered his signal, without me seeming to butt-in - I dont think he is too concerned by how many subs or how many loose change he makes from us but essentially how he can benefit us, I think thats the main drive for him. He is a very faithful and loyal signal providor who truely wants to see his subs do well with him - one thing that surprised me the most is the statements that were made i.e "I will NEVER exceed my DD of 10%" or "I will not hedge positions". It did not bother me the slightest if he needed to hedge or exceed DD (optional we can close out at 10% if we want to or ride it out) but being in the know would of given us a step ahead for what we could expect.

In all fairness thanks Jshear for giving us the option to trade with you and share your pip count

Waleed
Title: Re: FX Viper
Post by: forexbaby on December 06, 2013, 08:41:06 AM
i think is not fair for viper to change his rules in the middle of his trading. esp hedging and 10%.

There are some US brokers that cannot do hedging. Will be good he can let his users know in advance that he may hedge so people can be prepare for it.
Title: Re: FX Viper
Post by: ninjaturtle on December 06, 2013, 11:42:59 AM
Since I outed myself and I am trading a signal service I will not comment on any other vendors thread. I don't feel it's right for me to do that. I do appreciate some of Forex Envy's comments but I have noticed that he's very active on many threads of this site ? Personally I am not sure if that is right ? But this is only my opinion


Cheers


Jeff  ;)

Jeff, you are still welcome to post on our topic and express your opinion as long as it is truly coming from your heart, and with no intentions to bash your competitors.

And I agree with some of the comments here, if you had announced straight from the beginning that you are the trader behind FXViper you would had got more subscribers than you do now.

As for your current trading situation, I am sure that this is a trading scenario/behavior which you would have heavily criticized on other services threads if they were going through the same thing. (And you know this)

Good luck

me thinks vendors should post on whatever threads regardless especially because firstly they are traders like the rest of us. yes, they may seem aggressive and/or sarcastic with their comments but if that helps the rest of us with the fine prints of a system or identifying the potential red flags, then it should be entertained. some of us could admit to having learnt a lot in trading stats analysis reading from vendors forex envy, 999cjb and eurosmarter. in forex trading, as with any competitive human endeavour, rivalry and criticism should ultimately drive the product towards perfection. so i guess service providers here should put up so ultimately critics can shut up.  :)
Title: Re: FX Viper
Post by: Viktory on December 06, 2013, 11:46:42 AM
Totally agree! +1 for you ;)

me thinks vendors should post on whatever threads regardless especially because firstly they are traders like the rest of us. yes, they may seem aggressive and/or sarcastic with their comments but if that helps the rest of us with the fine prints of a system or identifying the potential red flags, then it should be entertained. some of us could admit to having learnt a lot in trading stats analysis reading from vendors forex envy, 999cjb and eurosmarter. in forex trading, as with any competitive human endeavour, rivalry and criticism should ultimately drive the product towards perfection. so i guess service providers here should put up so ultimately critics can shut up.  :)
Title: Re: FX Viper
Post by: Forex_Envy on December 06, 2013, 01:48:42 PM
Thanks for the support guys. The Envy thread is over 500 pages and I can tell you almost every vendor has been on our thread with all sorts of criticism and praise. I never told anyone to go away or complained unless there were personal attacks being hurled around. Ultimately the expert discussion was informative for our members as well as myself. I think telling professionals and experts to not be on a particular thread is a cause for concern for obvious reasons.
Title: Re: FX Viper
Post by: BoozyBum on December 06, 2013, 02:09:15 PM
That all being said we are desperately off topic.
Title: Re: FX Viper
Post by: primi on December 06, 2013, 02:39:41 PM
Somehow when he's in trouble he makes more money. It's only the sixth today  ;)
Title: Re: FX Viper
Post by: jshear on December 06, 2013, 02:59:21 PM
Thanks Primi. But your numbers are off.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: primi on December 06, 2013, 05:17:18 PM
Yeah, should have said that's my account not your master account.
Title: Re: FX Viper
Post by: pipmenow on December 06, 2013, 10:19:07 PM
Although I am not as active on Donna forum anymore, I have only dropped a comment here with absolutely no intentions of writing anything negative, and I never knew that Jshear is the trader behind FXViper. This is shocking to me.


That's a good one. All you have to do is read the Trusted FX thread starting here, http://www.donnaforex.com/forum/index.php?topic=11711.90, (http://www.donnaforex.com/forum/index.php?topic=11711.90,) and you won't be so shocked.
Title: Re: FX Viper
Post by: primi on December 07, 2013, 09:02:31 AM
Anybody trading both Viper and Trusted FX how correlated are they?
Title: Re: FX Viper
Post by: grgr on December 07, 2013, 10:36:59 AM
Anybody trading both Viper and Trusted FX how correlated are they?

This is what i also thought about.
Title: Re: FX Viper
Post by: forexbaby on December 07, 2013, 11:09:31 AM
trust fx and viper are too similar. They always have the same trade recently, sometime mins away from each other.

If you tell me, they do not refer to each other, is too hard to believe so I would think one would just use trust fx or viper. Using them together may be double joy or double damage.

Title: Re: FX Viper
Post by: deathlord on December 07, 2013, 11:32:54 AM
If TrustFX was Viper's mentor, it should be kind of obvious that they trade similar ... Wouldn't have been a very good mentorship otherwise, don't you think?  ???
Title: Re: FX Viper
Post by: forexbaby on December 07, 2013, 12:46:04 PM
If TrustFX was Viper's mentor, it should be kind of obvious that they trade similar ... Wouldn't have been a very good mentorship otherwise, don't you think?  ???

Yup, this could be one of the reasons as their style are similar. However having the same trades around the same time is tricky too. You may get dd from 2 people if they got them wrong together.

If similar styles but trades timing are different, would be good. However, very similar timing. Sometime just mins away from each other.

My only concern is they get into dd and users need to know this as you get 2* the dd so my feel is, you get either trust fx or viper only unless they trade at different pairs or timing. Take a look at their fx book history, 50% or more trades are similar. 

Do note, I not saying who is better, Im only saying the risk may be * if both go wrong direction. Take a look on the current eu trades, seconds or mins between viper and trust trades and both are in dd.

peace out
Title: Re: FX Viper
Post by: grgr on December 07, 2013, 03:08:21 PM
I think that there is a group of people (with me either - but i still have to think hard about them), who would like to run this with twice the risk. And the question would be - is it better to run one of them with 2x risk, or both of them together with standard risk.
Title: Re: FX Viper
Post by: forexbaby on December 07, 2013, 03:57:13 PM
or just choose one of them viper or trust fx with risk 1
Title: Re: FX Viper
Post by: nwboater on December 07, 2013, 04:02:21 PM
or just choose one of them viper or trust fx with risk 1

It makes more sense to me to have a Signal with a very different strategy if you want two Signals. Much less chance off DD multiplying and should give you a smoother equity curve: That is if the other Signal is a good one!

So my vote is one or the other. And then if your account size can justify it add a second Signal that is fairly uncorrelated.

Cheers,
Rod
Title: Re: FX Viper
Post by: reinerh on December 07, 2013, 05:06:26 PM
or just choose one of them viper or trust fx with risk 1

It makes more sense to me to have a Signal with a very different strategy if you want two Signals. Much less chance off DD multiplying and should give you a smoother equity curve: That is if the other Signal is a good one!

So my vote is one or the other. And then if your account size can justify it and second Signal that is fairly uncorrelated.

Cheers,
Rod

and most certainly not more then default risk thats for sure, one needs to look at the possible dd value.
Title: Re: FX Viper
Post by: grgr on December 07, 2013, 06:06:41 PM
It would be more helpful if you could tell me other "good" signal providers. Do you think i would risk the same strategies, doubling the risk, if i knew something different to put in a portfolio?

Let's be honest. Most of the EA's and signals, in fact 99.9% of them are just a BS.
Title: Re: FX Viper
Post by: forexbaby on December 07, 2013, 06:17:26 PM
Well, Wally is a good ea.

Also, I think you have to weight and choose what is best for you.

I would think running either viper or trust fx at risk 1 should be the way.
Title: Re: FX Viper
Post by: grgr on December 07, 2013, 06:30:07 PM
Well, Wally is a good ea.

Also, I think you have to weight and choose what is best for you.

I would think running either viper or trust fx at risk 1 should be the way.

I agree. I'm considring WSFR already. Maybe you're right, better put WSFR as the second thing rather than twice the risk of viper/trusted.
Title: Re: FX Viper
Post by: nwboater on December 07, 2013, 08:23:40 PM
Well, Wally is a good ea.

Also, I think you have to weight and choose what is best for you.

I would think running either viper or trust fx at risk 1 should be the way.

I agree. I'm considring WSFR already. Maybe you're right, better put WSFR as the second thing rather than twice the risk of viper/trusted.

A good choice and combination. Just remember that watching Wally trade is sometimes like watching the grass grow!

Cheers,
Rod

Title: Re: FX Viper
Post by: ForexSignals.com on December 13, 2013, 12:46:18 AM
Hey Guys,

Just a quick update to let you know what's happening with this signal.

Those of you still trading the USDCAD pair should have done well yesterday as the long hedge was closed in profit and he then hit a few profitable scalps on the pair.

His plan is to continue eating away at the drawdown by scalping when opportunities arise.

The EURUSD is a long term play and may be open for a while yet. He has fundamental reasons why he's continuing to hold this trade (and not add to it for now). If it works out we could be in for a big pay day.

Watching the trader manage this mess has been seriously impressive from my perspective. His activity on USDCAD over the past fortnight has been incredible as he's accurately picked the top and bottoms of several moves. Obviously it comes on the back of a large drawdown, however I'm encouraged by his ability to keep calm and trade with discipline and focus.

I think 2014 is going to be a big year for FX Viper. This drawdown will be well behind us and we'll be surging up past the water mark high in no time.

Title: Re: FX Viper
Post by: ultracat on December 13, 2013, 07:46:50 PM
Yes good job Viper, the DD management has been going quite well.  My own USDCAD trades I let SL, but I kept your signal and just watched it closely.  You've been handling it very well so far, better than I would be able to.  Hedging is not my strong suit lol.  I'm better at lower risk trades that I can afford to SL if they don't work out.  Keep it up, happy holidays. 
Title: Re: FX Viper
Post by: jshear on December 13, 2013, 08:47:01 PM
Hi everyone after all the excitement my loss on CAD trade was only .5 percent or $700.00 . Since the time my CAD trade was opened I was able to decrease draw down by booking CAD trade hedges and scalps  profits against the draw down so my total loss after I booked profits with hedges etc was only $700.00 or .5 percent.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: jshear on December 19, 2013, 09:20:40 PM
Hi everyone I want to wish all subs and fellow Donna Forex members a Merry Christmas and Happy New Year. May 2014 be a fantastic year for everyone.

Cheers
Jeff  :)
Title: Re: FX Viper
Post by: nwboater on December 19, 2013, 09:45:41 PM
Hi everyone I want to wish all subs and fellow Donna Forex members a Merry Christmas and Happy New Year. May 2014 be a fantastic year for everyone.

Cheers
Jeff  :)

Jeff I hope you and your family have a wonderful Merry Christmas and Happy New Year!

Thanks for all your efforts as Viper in our behalf.

Cheers,
Rod
Title: Re: FX Viper
Post by: piponboard on December 19, 2013, 10:48:25 PM
Here's how I think the EurUSD trade will play out... I believe he going to let it go about 10-15 pips profit and cut it He mentioned in LFT there was a TP but that's bullSniz He's never had a trade take profit off a TP LINE. He always cuts it when it's in profit some how.. Either way If I were any of you I would put A trail stop of 15 pips behind this trade..... If you read the LFT forums inside that forum there he mentioned at one point the TP and SL lines were only there to mislead the brokers. That info tells me He's bluffing this TP.  After this trade is over I wouldn't expect anymore trades..... Which I think we should be refunded for Half a month fee. Because it's Christmas and Nick enjoys the money to much.


By the way All team traders who brought aboard NICKS Recommended lists the one who trades his account.. The trade providers don't pay a penny and neither does nick. So the $99 you pay a month goes into SIMPLE TRADERS POCKETS. Think about that next time you sub to one of nicks team traders.
Title: Re: FX Viper
Post by: kjen17 on December 20, 2013, 07:43:27 PM
Either way If I were any of you I would put A trail stop of 15 pips behind this trade.....

No thanks, I'd rather let Viper manage the trade. Do you have $100k trading account BTW?

Quote
By the way All team traders who brought aboard NICKS Recommended lists the one who trades his account.. The trade providers don't pay a penny and neither does nick. So the $99 you pay a month goes into SIMPLE TRADERS POCKETS. Think about that next time you sub to one of nicks team traders.

You think it should be free lol?
Title: Re: FX Viper
Post by: jshear on December 20, 2013, 07:54:26 PM
The current Euro short went into profit 5 pips today I did not cut it. As posted on the Viper thread this trade is targeting more pips.



Cheers


Jeff ;)
Title: Re: FX Viper
Post by: Forex_Envy on December 22, 2013, 06:47:56 PM
Very nice recovery from the high floating DD. I'm sure Viper subscribers are pleased with your management of the situation.

Happy Holidays everyone!
Title: Re: FX Viper
Post by: forexfish on December 22, 2013, 07:48:42 PM
Very nice recovery from the high floating DD. I'm sure Viper subscribers are pleased with your management of the situation.

Happy Holidays everyone!

Ok - that's great.

Is there anybody can share his myfxbook link ?

Title: Re: FX Viper
Post by: ForexSignals.com on January 12, 2014, 04:13:19 AM
I'm pleased to announce that FX Viper has closed all his open trades and his account (and my follower account) are at all time equity highs.

I know the last couple of months have been a little rocky, however I believe he's shown his mettle by the way he's dug out of this hole quickly.

When a trader keeps his cool and recovers from a drawdown like this. it confirms to me that he's a reliable stable and trustworthy trader.

Watch out for FX Viper in the next 12 months. I have a feeling he is going to change the way we all think about forex signals (by actually making us money!)

You can check my account statement here:

http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169 (http://www.myfxbook.com/members/NickMcDonald/fx-viper-nicks-account-trading/636169)

 
Title: Re: FX Viper
Post by: bismillahwd on January 12, 2014, 11:12:31 AM
Nick hows the progress of viper mam with othher broker? :(
I need to join but synergyfx refuses my nationality


Sent from my iPad using Tapatalk HD
Title: Re: FX Viper
Post by: ForexSignals.com on January 12, 2014, 09:20:43 PM
Nick hows the progress of viper mam with othher broker? :(
I need to join but synergyfx refuses my nationality


Sent from my iPad using Tapatalk HD

Hi Bismillahwd,

We put the new MAM on hold while the recent drawdown was rectified.

Assuming performance continues we'll be activating it within the next 4-6 weeks.

Thanks

Nick
Title: Re: FX Viper
Post by: bismillahwd on January 13, 2014, 11:37:04 AM
Nick hows the progress of viper mam with othher broker? :(
I need to join but synergyfx refuses my nationality


Sent from my iPad using Tapatalk HD

Hi Bismillahwd,

We put the new MAM on hold while the recent drawdown was rectified.

Assuming performance continues we'll be activating it within the next 4-6 weeks.

Thanks

Nick
Great, im count on it.
Wich broker would be nick?


Sent from my iPad using Tapatalk HD
Title: Re: FX Viper
Post by: grgr on January 14, 2014, 07:37:59 PM
http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm/669519 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm/669519)

Is this standard account (without commissions)? The results are much worse than master account (measured in pips).
Title: Re: FX Viper
Post by: jshear on January 14, 2014, 09:14:14 PM
The MAMM includes commissions as spreads are wider thank the master due to commissions from broker included in the spread.


Cheers

Jeff
Title: Re: FX Viper
Post by: jwatts7701 on January 15, 2014, 06:06:04 PM
why do you hide the balances and lots in the MAMM? The amount managed is a nice thing for investors to know. Also, do you mark up the spread or commissions in the MAMM on top of what the broker charges?
Title: Re: FX Viper
Post by: samico on January 16, 2014, 06:59:27 PM
Jeff, Great work!! Keep up your style.

Thanks Rodrigo
Title: Re: FX Viper
Post by: ForexSignals.com on January 17, 2014, 07:20:41 AM
why do you hide the balances and lots in the MAMM? The amount managed is a nice thing for investors to know. Also, do you mark up the spread or commissions in the MAMM on top of what the broker charges?

Hi jwatts,

The amount in the MAM is hidden because it's not enough money to impress new clients :)

There is a 0.1 pip markup on the account that is paid to the ASLAN group. We have partnered with them on this account in order to get access to their exclusive price feed. We don't make any additional rebates because our motivation is to make as much money as possible for clients in the fund.

You can contact Synergy or Gavin from Aslan to confirm this.
Title: Re: FX Viper
Post by: jubal on January 17, 2014, 11:48:08 AM
What would be the recommendation here to run this on approx 4k gbp account?   If using Ea what level of multiplyer to make it pay. Or would pamm be better option although not too keen on using Synergy or the hassle of changing to any other broker for that matter.
Title: Re: FX Viper
Post by: nwboater on January 17, 2014, 03:01:48 PM
What would be the recommendation here to run this on approx 4k gbp account?   If using Ea what level of multiplyer to make it pay. Or would pamm be better option although not too keen on using Synergy or the hassle of changing to any other broker for that matter.

Hi Jubal - I'm a subscriber of Vipers and am pleased with the results. I have lowered my risk from 3 to 1.5.

The way I am now determining my risk setting on these Signals is not based on the profit I hope to make, but the max DD I'm willing to accept. Viper has hit almost 14% at risk 1, so for me at 1.5, based on his historical DD, it could get to 21%. Of course there is NO guarantee that it will never be higher.

AT risk 1 he has returned 2.4%/month average. On 4k that's $96/month. Wont even pay for the signal.

Unless you are willing to accept a very high DD it's tough to pay for the Signal and make a decent return on a 4k account. That's why they have the PAMM: So investors with smaller accounts can use Viper.

Cheers,
Rod
Title: Re: FX Viper
Post by: odysseus11 on January 17, 2014, 03:24:04 PM
NW, thats the problem with all of Nicks signals.
They dont make mathematical sense for small accounts.
Smaller account subs are forced to scale up just to cover fees.
Unfortunately, there is no realistic way to do that unless they are OK with higher DD, thats just the reality.

All subs must do this realistic math before considering any signal.
Title: Re: FX Viper
Post by: jshear on January 17, 2014, 04:41:04 PM
Both my trading as Viper and my Mentors trading as Trusted FX are safe steady growth signals. We are not a get rich fast signal as we both trade large funds with these signals.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: primi on January 17, 2014, 04:49:18 PM
If you can afford it open a bigger account and start with a 1x risk, sit back and make money in a "relaxing" mood. You'll be making money slowly, when the going gets tough you'll not be pulling to much hair out and since this seems to be a trader that knows his business chances are you'll just keep going untouched and unharmed through difficult times. And you'll very likely make more money than with a small account and high risk multiplier. Just take a look at some decisions subscribers were making last december in times of serious DD. Some blew their accounts, some closed for a large loss or tempered with trades in some other way. Everybody with a reasonable risk are now at equity highs.

That being said, it's still not the most efficient way of trading. By far. But on the other hand, it's profitable. It works.
Title: Re: FX Viper
Post by: grgr on January 17, 2014, 05:13:23 PM
The MAMM includes commissions as spreads are wider thank the master due to commissions from broker included in the spread.


Cheers

Jeff

Hey, Thanks for the reply.

I was reading this post many times, and discussed it with a friend - and we both find it hard to understand. But finally i guess you meant that PAMM account is commission less, but spreads are wider (or in simpler words - it's not ECN account?). However, it's still losing around 15% in comparision with the master account and a good question why. If you send those signals directly to either master and pamm account then i don't understand it. Maybe synergy is not as good as ATC for scalping?



nwboater, I don't like the idea of increasing risk with this or Trusted FX signals. I don't know how exactly is the Worst Case Scenario working with signal providers, but take a look at Trusted FX. He stated a WCS of 27% with standard risk, so you must be prepared for such a loss in that case.

I was reading in meantime the LFT forum and people were writing there about opening PAMM account with 5x (as a medium) or 10x as high risk. My reaction was like - hey, what are they talking about? It is insane to run it with such high risk! If anyone will follow it this way i guess he won't survive drawdown period. I have my experience with RobinVol, where i put high risk. Now when the drawdown is at high level my depression is only increasing every day and the only conclusion is that my risk was and is high and probably too high for me.
Title: Re: FX Viper
Post by: jshear on January 17, 2014, 05:27:37 PM
Yes the MAMM has a marked up spread its not as good as ATC. I think Nick was planning another MAMM at a raw spread broker.

Cheers

Jeff
Title: Re: FX Viper
Post by: nwboater on January 17, 2014, 05:44:50 PM

nwboater, I don't like the idea of increasing risk with this or Trusted FX signals. I don't know how exactly is the Worst Case Scenario working with signal providers, but take a look at Trusted FX. He stated a WCS of 27% with standard risk, so you must be prepared for such a loss in that case.

I was reading in meantime the LFT forum and people were writing there about opening PAMM account with 5x (as a medium) or 10x as high risk. My reaction was like - hey, what are they talking about? It is insane to run it with such high risk! If anyone will follow it this way i guess he won't survive drawdown period. I have my experience with RobinVol, where i put high risk. Now when the drawdown is at high level my depression is only increasing every day and the only conclusion is that my risk was and is high and probably too high for me.

I agree that it is insane to run at 5-10 risk. I couldn't sleep when Viper went through the UCAD trades and I was at 3.

Even though Trusted is Jeff's Mentor and they have similar styles I wouldn't use the figures from one and apply them to the other. And the WCS for Trusted is some kind of a derived figure - not sure how he came up with it. For now I am basing my potential max DD on the actual max DD that Viper has thus far had. If that should be exceeded by much in the future I will rethink my risk setting and/or the use of the Signal.

The important thing is that we base our risk on what we THINK will be a max DD. And we must be prepared to live with that DD should it occur. Otherwise our risk setting is too high. This of course is a different figure for each of us.

Cheers,
Rod
Title: Re: FX Viper
Post by: grgr on January 17, 2014, 05:59:03 PM
I didn't try to say that WCS from trusted is the same for viper. However, it could be nice if he had also stated a wcs or something. I think it will be bigger, viper seems to be trading with a little higher risk than trusted. Also I wouldn't base only on the past DD, the same way like you can't base worst dd on 2 months of ea history if in the past years dd would been few times higher.
Title: Re: FX Viper
Post by: JomoMac on January 17, 2014, 09:01:46 PM
It would be good if vendors clearly state their WCS and for persons with a small account it is definitely better to go with a PAMM.
Title: Re: FX Viper
Post by: grgr on January 19, 2014, 08:12:57 PM
I must say that I don't like the idea of this kind of PAMM or MAM (whatever difference it is).

First of all, it must be as good as master account, which means, it should show 99% same results. Secondly it must take a reasonable amount from the profits.

In two scenarios:

I. PAMM/MAM (or whatever else).

30% commission for the trader;
2.4% monthly

If a follower have to pay a fee of 30% from the profits, then it is a better choice for him as long, as he has less than 13875 USD.

II. Trade copier.

A good choice for a trader with more than 13875 USD.

Now where's the problem:
Both of them will have troubles in achieving results as good as the master (better will be probably impossible). If you'll finally find something that can reproduce master results quite well, than a trader with more than 13875 USD will still have a problem. Why? Because, for example: if he had 20000 he'd have to pay 144$ for the trader and 336$ for himself, while when trade copying he would have made 380$. The difference is "only" 44$ for one month, but I would prefer to keep those 44$ in my pocket, rather than paying the trader extra costs.

Results from this example:
Profit: 480$

I.
MAM commission: 144$
Trader profit: 336$
Real gain: 1.68% <---- % will stay constant, whatever account balance is

II.
Trade copier license: 100$
Trader profit: 380$ (336$ + 13%)
Real gain: 1.90% <---- % in this case will increase with the account balance

So, as the conclusion, In my opinion it would be most fair if the trader offer that PAMM/MAM account with limited commission of 100$. It doesn't cost anything anyone, and is helpful for followers.
I understand that pamm/mam account are designed for people with smaller accounts, for which 100$ monthy fee is unprofitable way for this investment, but I do believe that this is the only way to truly reproduce results from the master account, so it can also be a better option for people with higher capital.
Title: Re: FX Viper
Post by: reinerh on January 22, 2014, 03:19:56 PM
dont know if viper is in a trade, but atc their feed is down since about 10 14 est time.

just a heads up.

their feed is back, but sl values are not executed.

and the data is scewed big time.

Title: Re: FX Viper
Post by: nwboater on January 22, 2014, 03:30:20 PM

dont know if viper is in a trade, but atc their feed is down since about 10 14 est time.

just a heads up.

He's not in a trade ATM, but thanks for the heads up.

Cheers,
Rod
Title: Re: FX Viper
Post by: jshear on January 22, 2014, 03:36:44 PM
No I did not enter a CAD trade as my master account went down as FXCM feed was down for 45 minutes


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: jubal on February 24, 2014, 11:29:41 AM
@Jeff.  did you ever add or possibly consider any more MAM options, ie different brokers/base currencies.  Would be interested if GP or LMAX were options and funding in GBP or AUD
Title: Re: FX Viper
Post by: jshear on February 24, 2014, 12:37:31 PM
Right now at Synergy we have a  PAMM but a new broker is in the works. How did you do on todays GU trade?


Cheers

Jeff :)
Title: Re: FX Viper
Post by: grgr on February 28, 2014, 01:19:53 PM
May i ask something? Did nick increase his risk on the "2x risk" account? Looks like he has better than twice results than Viper master account, but has worse result in pips, so it's anyway impossible to reach with still 2x risk.
Title: Re: FX Viper
Post by: jshear on February 28, 2014, 01:35:55 PM
Nicks account is at 2 times risk.My recommendation is never higher than 3 times.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: Viktory on March 01, 2014, 07:26:40 PM
 :o

May i ask something? Did nick increase his risk on the "2x risk" account? Looks like he has better than twice results than Viper master account, but has worse result in pips, so it's anyway impossible to reach with still 2x risk.
::)
Title: Re: FX Viper
Post by: grgr on March 02, 2014, 10:30:26 AM
Well, the only sensible reason which comes to my mind is that he didn't monitor the risk whole time.. He's trading on AUD account, so the risk needs to be lower than 2x in fact. So the AUD must been worth.. less for some time, that's why the gain in % is slightly higher than in pips.
This is however important to remember, because the Risk multiplier doesn't calculate automatically the account base currency.. so if someone is using for example EUR account he needs to set higher risk appropriately (and monitor it quite frequent).

February
Viper master account:
+4.9%
+293.3 pips
Nick's 2x risk account:
+10.16%
+257.9 pips
Title: Re: FX Viper
Post by: Viktory on March 02, 2014, 07:48:36 PM
You're right GRGR,

I didn't realize Nick's account is based on AUD!
The correct risk to equal 2x should be around 1.8x... He's actually running the signal at 2.25x.

So that explains it all. Thanks for noticing it and pointing it out ;)

* EDIT:
Nick & Jeff, you should inform it in the LFT forum and signal page:
http://www.liveforextrading.org/forex-signal/633/FX-Viper.html (http://www.liveforextrading.org/forex-signal/633/FX-Viper.html)

Well, the only sensible reason which comes to my mind is that he didn't monitor the risk whole time.. He's trading on AUD account, so the risk needs to be lower than 2x in fact. So the AUD must been worth.. less for some time, that's why the gain in % is slightly higher than in pips.
This is however important to remember, because the Risk multiplier doesn't calculate automatically the account base currency.. so if someone is using for example EUR account he needs to set higher risk appropriately (and monitor it quite frequent).

February
Viper master account:
+4.9%
+293.3 pips
Nick's 2x risk account:
+10.16%
+257.9 pips
Title: Re: FX Viper
Post by: jshear on March 02, 2014, 08:32:01 PM
Guys I am not privy to his settings. I do know I run the MAMM at 2 times risk as its a USD based account. I assume his being a AUD based account he runs it at higher than 2 maybe 2.25 to compensate for the dollar difference. When he started his account the AUD was worth more than the US Dollar.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: ForexSignals.com on March 04, 2014, 09:12:50 PM
Well, the only sensible reason which comes to my mind is that he didn't monitor the risk whole time.. He's trading on AUD account, so the risk needs to be lower than 2x in fact. So the AUD must been worth.. less for some time, that's why the gain in % is slightly higher than in pips.
This is however important to remember, because the Risk multiplier doesn't calculate automatically the account base currency.. so if someone is using for example EUR account he needs to set higher risk appropriately (and monitor it quite frequent).

February
Viper master account:
+4.9%
+293.3 pips
Nick's 2x risk account:
+10.16%
+257.9 pips

I can answer that question GrGr,

The FX Viper master is paying $8 per lot in commission. I'm only paying $5 (because I have a deal with the broker).

It has nothing to do with the denomination of the currency. The calculation between the balance and lot sizing doesn't change whether it's AUD, CAD, EUR or USD

This is the same commission rate that we are offering managed account clients at IC Markets.

Jeff is trading the managed account locally, so the execution is the fastest available and we don't charge rebates (hence the $5/lot rate). To find out more please visit our site:

http://www.liveforextrading.org/forum/showthread.php/267-FX-Viper-Managed-Account-IC-Markets-(discounted-commission) (http://www.liveforextrading.org/forum/showthread.php/267-FX-Viper-Managed-Account-IC-Markets-(discounted-commission))
Title: Re: FX Viper
Post by: grgr on March 04, 2014, 09:37:54 PM

It has nothing to do with the denomination of the currency. The calculation between the balance and lot sizing doesn't change whether it's AUD, CAD, EUR or USD


I don't know your calculations, but if slave account is not usd, and master account is in usd, it cannot be run with 1x multiplier to keep the same risk, unless trade copying software is calculating it itself and SimpleTrader doesn't. At least mine doesn't, maybe there's something wrong with it?
Title: Re: FX Viper
Post by: jshear on March 07, 2014, 08:18:00 PM
Hi everyone the FX Viper MAMM at IC Markets is now live with reduced commission rates of 5.00 per lot. This means you not only get me to copy my trades locally you also get lower commissions on the IC Market account than my master account.  The pips count for the first week was 67.6 pips on my personal master account vs. 70.4 pips on the MAMM so execution is ideal for my type of  trading. I am also running the IC Markets MAMM at 3 times my master. Have a nice weekend.

Jeff :)
Title: Re: FX Viper
Post by: IFFTrader on March 11, 2014, 01:39:18 PM
@jsher, I have a SELL EURUSD and BUY GBPUSD, is that a hedge trade?
Title: Re: FX Viper
Post by: jshear on March 11, 2014, 02:07:33 PM
Hi no my Euro sell and Pound buy are not a hedge.


Cheers

Jeff
Title: Re: FX Viper
Post by: jubal on March 15, 2014, 01:11:53 PM
Any reason why I get "Website Disabled" when I click on link for LiveForexTrading.org??
Title: Re: FX Viper
Post by: jubal on March 15, 2014, 01:14:02 PM
@Jeff   Are there different risk options available for the IC MAM.  I believe you said default risk was x3 on this.  I would join but x3 seems a bit heavy.  would prefer max x2
Title: Re: FX Viper
Post by: Tyler on March 15, 2014, 01:56:49 PM
Any reason why I get "Website Disabled" when I click on link for LiveForexTrading.org??
New domain name is http://www.forexsignals.com (http://www.forexsignals.com), I think they are still on change some in their server
Title: Re: FX Viper
Post by: jubal on March 15, 2014, 04:01:17 PM
Any reason why I get "Website Disabled" when I click on link for LiveForexTrading.org??
New domain name is http://www.forexsignals.com (http://www.forexsignals.com), I think they are still on change some in their server

Thank you :)
Title: Re: FX Viper
Post by: jshear on March 15, 2014, 04:36:17 PM
The IC Market MAMM is set at 3 times risk and has excellent spreads and execution. The Synergy MAMM is set st 2 times risk with wider spreads. I recommend signing up to the IC Markets MAMM as if you look at pip count is better than my master account. 


Cheers


Jeff
Title: Re: FX Viper
Post by: ultracat on March 15, 2014, 04:58:42 PM
Any reason why I get "Website Disabled" when I click on link for LiveForexTrading.org??
New domain name is http://www.forexsignals.com (http://www.forexsignals.com), I think they are still on change some in their server

Wow, good domain name to own for this industry!
Title: Re: FX Viper
Post by: Okda on March 15, 2014, 05:21:36 PM
Also the ic markets pamm has lower commission

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: jshear on March 26, 2014, 07:40:58 PM
For any of my MAMM investors your up almost 14 percent for the first month of trading. As you can see the MAMM is being copied locally so you get the same or more pips than my master!! Enjoy!!



Jeff ;)
Title: Re: FX Viper
Post by: grgr on March 27, 2014, 08:31:10 AM
I was reading posts on LFT and wanted to post it there, but I'm unable to register there (Internal Server Error).

It looks like nobody cares about what i wrote on page 28.

Those PAMM/MAM accounts are a bad idea for anyone with bigger capital, like 20000 $.
5-10% return gives 1000-2000 $, the mam commission would be 300-600$ which is a lot.

Losing 10% of the profits, means 900-1800$ and after signal copier fee it will be 800-1700$ profit.
In the first case it would be 700-1400$ profit. The difference is increasing a lot with the account balances and/or risks.

You got again the reason why not many wants to use your PAMM/MAM accounts.
Title: Re: FX Viper
Post by: primi on March 27, 2014, 08:46:57 AM
Your reasoning is fine but I believe you should take into account the difference in performance between copied accounts and MAMM as well. I consider my setup very good and my brokers also but still I normally don't reach the official account's performance. And sometimes that difference is considerable and it can very well make up for the difference you mentioned and neutralize it. Not to mention possible other risk factors that you have if you run a copy yourself.
Title: Re: FX Viper
Post by: grgr on March 27, 2014, 08:55:04 AM
Well, i considered 10% loss as the difference between slave and master account, just like i wrote in previous post. If it's bigger then there's something wrong, probably with the slave account broker.

Maybe there's another solution. Make their own ea that will copy trades like local ones? I mean, it should send the signal when they are clicking sell/buy, not when the sell/buy is already opened.
I just doubt anyone with higher account will go for a MAM solution. It is better to find a good working broker, rather than pay 600$ commission fees or more.
Title: Re: FX Viper
Post by: jubal on March 27, 2014, 09:29:18 AM
Well, i considered 10% loss as the difference between slave and master account, just like i wrote in previous post. If it's bigger then there's something wrong, probably with the slave account broker.

Maybe there's another solution. Make their own ea that will copy trades like local ones? I mean, it should send the signal when they are clicking sell/buy, not when the sell/buy is already opened.
I just doubt anyone with higher account will go for a MAM solution. It is better to find a good working broker, rather than pay 600$ commission fees or more.

I agree that the MAM isnt really for those with a decent account size. I assume only those with $1000 accounts will go for it.  A reducing scale of commission fees based on account size would suit a lot better and I would go for it rather than the EA if a sliding scale like that was available.  But then again the difference may not be so obvious.  As already pointed out you will lose pips with the EA that the MAM will pick up. Also, you may need a vps if this signal is all you run.  I read on Trusted thread something Jeff said about additional trades made on that MAM that dont go out on the signal.  Is same true for Viper service?  Can you elaborate on this Jeff?
Title: Re: FX Viper
Post by: primi on March 27, 2014, 09:31:10 AM
I don't know, it's more like 20% for me in march. And as I said I don't consider my setup particularly bad. But I agree with you, it gets cheaper and cheaper with larger accounts and MAMM is always fixed.
Title: Re: FX Viper
Post by: jshear on March 27, 2014, 10:02:18 AM
With Vioer the signal service and MAMM get the exact same trades. Only in Trused FX are they not the same.  As explained on Trusted FX thread. 


Jeff
Title: Re: FX Viper
Post by: bismillahwd on March 27, 2014, 04:19:43 PM
Im in the mam, plan to go bigger fund
Mam = sleep well
Signal = nervous, who know copier would had glitched, mt4 upgrading shit while im not aware, who knows vps down when opened trade?

Mam = sleep well, let viper do all the things


Sent from my iPad using Tapatalk HD
Title: Re: FX Viper
Post by: bismillahwd on March 27, 2014, 04:22:29 PM
Im in the mam, plan to go bigger fund
Mam = sleep well
Signal = nervous, who know copier would had glitched, mt4 upgrading shit while im not aware, who knows vps down when opened trade?

Mam = sleep well, let viper do all the things


Sent from my iPad using Tapatalk HD

This is the main reason, we go EA, we go signal.

The reason is = sleep well (for me).

Im investor, not a trader. I guess every signal/ea searcher was having investor mindset actually, they just didnt realized.

If i were a trader, i wouldnt go in ea forum, i will trade my fortune on my own f9 button.


Sent from my iPad using Tapatalk HD
Title: Re: FX Viper
Post by: grgr on March 27, 2014, 08:33:44 PM
Well, if you gonna pay 500$ extra for good sleep.

I have a good sleep without it.

Btw. sorry I'm not being one of the lft users who only bless you on everything.
Title: Re: FX Viper
Post by: Coy0te on March 28, 2014, 06:01:17 PM
In the end it is a matter of choice, you can use the signal service using the ea and get some slippage depending on your setup or you can join the mam and get rid of slippage and "sleep well" but you pay way more. For me its easy, i am staying with the ea.
Title: Re: FX Viper
Post by: nc! on March 28, 2014, 06:10:07 PM
Same with me prefer EA which gives option to add signals to the same account. Adjusting risk and making sure I do not have coorelated strategies that will result in orders in the same direction. Had  long and short same currency and all winners most of the time. Cheers nc! 8)
Title: Re: FX Viper
Post by: forex4life on March 29, 2014, 12:15:04 AM
Hello,
I am surprised by the pip diff between official acc and Nick's acc.
All the more as Nick uses ICM which has good spreads.

                           Jan pips           Feb pips             Mar pips

Viper master              194             293                   203
Nick's ICM                  181            258                   149
Diff %   approx            -6.5%         -13%                -25%

So Nick banks up to 6.5 to 25% less pips, with an average -15%
If you sub commission (about 0.8 pips for ICM, for each trade), I guess diff is much more than 20% on average... And could be up to 35%...

Interested by your experience and opinions.

Also, interested to know what is the min acc size to largely cover the sub fees at default risk (I will not go over default as I would prefer a max of 10% DD)

Thanks.
Title: Re: FX Viper
Post by: Okda on March 29, 2014, 12:29:04 AM
this is due the big 10x lot trade that was made by mistake by Viper, check forexsignals.com thread for more info
Title: Re: FX Viper
Post by: IFFTrader on March 29, 2014, 02:09:53 AM
Hello,
I am surprised by the pip diff between official acc and Nick's acc.
All the more as Nick uses ICM which has good spreads.

                           Jan pips           Feb pips             Mar pips

Viper master              194             293                   203
Nick's ICM                  181            258                   149
Diff %   approx            -6.5%         -13%                -25%

So Nick banks up to 6.5 to 25% less pips, with an average -15%
If you sub commission (about 0.8 pips for ICM, for each trade), I guess diff is much more than 20% on average... And could be up to 35%...

Interested by your experience and opinions.

Also, interested to know what is the min acc size to largely cover the sub fees at default risk (I will not go over default as I would prefer a max of 10% DD)

Thanks.

I have similar analysis comparing nick and viper account. Slippage is what holding me to signup. Finally I decided to give it a try and my broker is citifx. The results is quite similar to nick's account. As long you have a good broker, this signal will still be profitable. Have to live with the slippage because the trades usually close quite fast with small target.

This is why I am keen to join the MAM. :)
Title: Re: FX Viper
Post by: grgr on March 29, 2014, 09:07:12 AM
this is due the big 10x lot trade that was made by mistake by Viper, check forexsignals.com thread for more info

It has no matter on pips calculations.. He lost 5.7 pips on that trade, not 57.
Title: Re: FX Viper
Post by: Okda on March 29, 2014, 09:18:58 AM
this is due the big 10x lot trade that was made by mistake by Viper, check forexsignals.com thread for more info

It has no matter on pips calculations.. He lost 5.7 pips on that trade, not 57.

Ya you are correct, my statement only stands if we were comparing the percent of gain
Sorry for that
My thoughts now are that all Icm clients will suffer since the start of the mam at Icm, since the mam receive the signal before the clients and for sure it is trading not a small lot of size due to the 3x ratio, can this be the case?

Sent from my GT-N7000 using Tapatalk
Title: Re: FX Viper
Post by: jshear on March 29, 2014, 11:41:56 AM
IC Markets clients will not suffer because of the MAMM as the MAMM gets in first and by the time the clients get in the order book at IC Markets would have refreshed. The reason the MAMM gets In first it's being copied locally on my computer.


Cheers

Jeff
Title: Re: FX Viper
Post by: grgr on March 29, 2014, 06:09:55 PM
Hmm. It is logical, however, I don't know how supply and demand can affect trades on a broker and how big they need to generate slippage.
Title: Re: FX Viper
Post by: kjen17 on March 29, 2014, 06:46:27 PM
Hmm. It is logical, however, I don't know how supply and demand can affect trades on a broker and how big they need to generate slippage.

why not ask IC Markets?
Title: Re: FX Viper
Post by: grgr on March 29, 2014, 07:13:19 PM
Nick should. It's not my broker and not my slippage luckily.
Title: Re: FX Viper
Post by: SubZeroFX on April 04, 2014, 11:41:47 AM
btw. So you know, the price of FX Viper subscription will be increased to $130/month shortly.

http://www.forexsignals.com/forex-signal/633/FX-Viper.html (http://www.forexsignals.com/forex-signal/633/FX-Viper.html)
Title: Re: FX Viper
Post by: forex4life on April 04, 2014, 06:30:44 PM
Hi, today on Myfxbook I see Master made 4 trades for a total of 9.5 pips, Nick ICM (tight spread broker) made a total of 3.9 pips gross. If you remove commissions (about 4*0.7 pips), remains 1.1 pip net while master had 9.5. Even if master has commissions, the difference is so huge that the system does not seems sustainable. And even if Nick got 6 pips out of 9.5 wouldn't be good enough...
Title: Re: FX Viper
Post by: jshear on April 04, 2014, 06:44:51 PM
Today was a very unusual day for me. My Master account Broker feed at ATC Brokers went down right after NFP news for over an hour so I could not trade. I missed all the big action. I took a few quick scalps after the news but I missed some nice ones for bigger pips. So today is a bad example of pips made. My manual trading strategy is very profitable. In 9 months of live trading my signal service I have not had a  losing month.


Cheers

Jeff :)
Title: Re: FX Viper
Post by: forex4life on April 04, 2014, 06:54:31 PM
I don't say your trading is not good I just say it is too bad to make only 60% of your perf.

It is what Nick is doing, he catched 140 pips nets on last 30 days while you took 235.

ICM has tights spreads, imagine on others brokers.

You fight big for us and we get only half or a bit more.

So this means despite our quick VPS, good spread brokers, we make MUCH less than you :(

Also our brokers (Axi...) allow themselves some downtime, it doesn't help. Some make big with these 40% that "disappear"....
Title: Re: FX Viper
Post by: jshear on April 04, 2014, 06:57:49 PM
I am sorry Axi servers went down today. My broker ATC went down too right after NFP for an hour. If you are not happy with pips on your end then join the MAMM as it is bring copied locally so pips are close to my master account. Have a nice weekend


Jeff
Title: Re: FX Viper
Post by: Okda on April 04, 2014, 06:58:30 PM
That is why the mam is there, in case you are not satisfied with your copier results
Just a thought

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: jshear on April 04, 2014, 07:00:34 PM
Yes the MAMM is there to give everyone the option of copying my trades locally or via the signal. The option is yours. It's my pleasure.

 
Jeff  ;)
Title: Re: FX Viper
Post by: SubZeroFX on April 04, 2014, 09:14:34 PM
Hi, today on Myfxbook I see Master made 4 trades for a total of 9.5 pips, Nick ICM (tight spread broker) made a total of 3.9 pips gross. If you remove commissions (about 4*0.7 pips), remains 1.1 pip net while master had 9.5. Even if master has commissions, the difference is so huge that the system does not seems sustainable. And even if Nick got 6 pips out of 9.5 wouldn't be good enough...
Myfxbook calculates commission so what you see there is net gain (after commission).
Title: Re: FX Viper
Post by: timo on April 04, 2014, 09:28:36 PM
Hey Jeff,

Probably a dumb question, but is the performance on the MAMMs / PAMMs before or after performance fees are taken out?

And if it is after, what would we be looking at as a net average monthly profit on either your MAMM or the Trusted MAMM?

Cheers,
Timo
Title: Re: FX Viper
Post by: Viktory on April 04, 2014, 09:35:56 PM
Before... just subtract 30% of the possible monthly gain (so around 7%) ;)
Title: Re: FX Viper
Post by: jshear on April 04, 2014, 09:36:04 PM
The MAMM charges a performance of 30 percent based on a high watermark. For example my IC Markets MAMM did 14.89 percent last month so deduct the performance is net 10.43 percent to the client. Not bad return for a month.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: timo on April 04, 2014, 09:53:48 PM
The MAMM charges a performance of 30 percent based on a high watermark. For example my IC Markets MAMM did 14.89 percent last month so deduct the performance is net 10.43 percent to the client. Not bad return for a month.


Cheers

Jeff ;)

Thanks guys,

And congrats on an exceptional month Jeff. That's pretty awesome going :)

What do you think is a realistic long term average for your ICM MAMM? 10%?

And you considering a PAMM @ Global PRime?

Cheers
Timo
Title: Re: FX Viper
Post by: jshear on April 04, 2014, 09:59:20 PM
The monthly average should be around that amount but as you know in the markets there is no guarantee. It all depends what the markets throw at me!!! LOL  Global Prime so far is only available for Trusted FX. Regarding Viper you have to ask Nick about that.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: grgr on April 04, 2014, 10:05:04 PM
Hi, today on Myfxbook I see Master made 4 trades for a total of 9.5 pips, Nick ICM (tight spread broker) made a total of 3.9 pips gross. If you remove commissions (about 4*0.7 pips), remains 1.1 pip net while master had 9.5. Even if master has commissions, the difference is so huge that the system does not seems sustainable. And even if Nick got 6 pips out of 9.5 wouldn't be good enough...
Myfxbook calculates commission so what you see there is net gain (after commission).

He's talking about pips, not money gain.
Title: Re: FX Viper
Post by: kjen17 on April 05, 2014, 03:24:06 PM
btw. So you know, the price of FX Viper subscription will be increased to $130/month shortly.

http://www.forexsignals.com/forex-signal/633/FX-Viper.html (http://www.forexsignals.com/forex-signal/633/FX-Viper.html)

Aren't you going to close the signal option to new subs soon as Nick said (in his last video update) after the recent increase in slippage? If not then performance will only get worse for everyone, yourselves included?
Title: Re: FX Viper
Post by: jubal on April 07, 2014, 03:53:09 PM
Well,  I've been screwed over by Axi again today.  Viper have closed total of 4 trades.  I only have 2 trades closed. Looks like I missed the first 2 Eur trades.  I got the third Eur trade plus the U/C trade.   I see nothing amiss in my logs as to why I missed out.  Any ideas Jeff??

2014.04.07 10:30:43.403   '429846': order #37492675 buy 1.00 USDCAD at 1.09783 sl: 0.00000 tp: 0.00000 closed at price 1.09852
2014.04.07 10:30:43.389   '429846': request was accepted by server
2014.04.07 10:30:43.154   '429846': close order #37492675 buy 1.00 USDCAD at 1.09783 sl: 0.00000 tp: 0.00000 at price 0.00000
2014.04.07 10:05:35.959   '429846': order was opened : #37492675 buy 1.00 USDCAD at 1.09783 sl: 0.00000 tp: 0.00000
2014.04.07 10:05:35.944   '429846': request in process
2014.04.07 10:05:35.944   '429846': request was accepted by server
2014.04.07 10:05:35.694   '429846': order buy market 1.00 USDCAD sl: 0.00000 tp: 0.00000
2014.04.07 09:53:34.234   '429846': order #37492596 sell 1.00 EURUSD at 1.37445 sl: 0.00000 tp: 0.00000 closed at price 1.37410
2014.04.07 09:53:34.234   '429846': request was accepted by server
2014.04.07 09:53:33.968   '429846': close order #37492596 sell 1.00 EURUSD at 1.37445 sl: 0.00000 tp: 0.00000 at price 0.00000
2014.04.07 09:44:42.938   '429846': order was opened : #37492596 sell 1.00 EURUSD at 1.37445 sl: 0.00000 tp: 0.00000
2014.04.07 09:44:42.923   '429846': request in process
2014.04.07 09:44:42.923   '429846': request was accepted by server
2014.04.07 09:44:42.664   '429846': order sell market 1.00 EURUSD sl: 0.00000 tp: 0.00000
2014.04.06 11:57:47.544   '429846': previous successful authorization performed from
2014.04.06 11:57:47.311   '429846': login
2014.04.06 11:57:46.748   Expert Simpletrader-V2.0 GBPJPY,M1: loaded successfully
Title: Re: FX Viper
Post by: CTX on April 07, 2014, 04:02:52 PM
It's not Axi jubal, everyone on the signal missed the first two trades due to MT4 related problems, see Wills explanation below:

"I'm afraid due another MT4 issue we had 2 trades missed this afternoon (GMT) on the viper signal's.

When we checked the viper MT4 investor account we noticed that the latest trades simply hadn't appeared in the terminal. Rebooting MT4 brought it back to life.

I can confirm everything seems fine now."
Title: Re: FX Viper
Post by: jubal on April 07, 2014, 04:11:36 PM
It's not Axi jubal, everyone on the signal missed the first two trades due to MT4 related problems, see Wills explanation below:

"I'm afraid due another MT4 issue we had 2 trades missed this afternoon (GMT) on the viper signal's.

When we checked the viper MT4 investor account we noticed that the latest trades simply hadn't appeared in the terminal. Rebooting MT4 brought it back to life.

I can confirm everything seems fine now."

Ah  ok. Thanks CTX    Wish I read this 5 minutes earlier, would have saved me sending off a tirade at Axi.   :-X :-X :-[
Title: Re: FX Viper
Post by: CTX on April 07, 2014, 04:19:41 PM
lol  8)
Title: Re: FX Viper
Post by: jshear on April 07, 2014, 05:22:54 PM
The problem today was the ATC Master account has the sender EA attached on a MT4 platform on Simple Trader servers. I  don't host it on my end. So I was trading as usual but for some strange reason the MT4 on Simple Traders end lost connection to my account so it did not send the signal through. It was a glitch. It was not Wills fault or anyones fault just a one time glitch. Sorry . Once I noticed no one was getting the signal I quickly notified Will and he fixed it.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: ForexSignals.com on April 15, 2014, 11:31:36 AM
Hey guys,

A little teaser for the interview/documentary that we'll be releasing next week :)

https://www.youtube.com/watch?v=EdjtupQ98ds&feature=youtu.be (https://www.youtube.com/watch?v=EdjtupQ98ds&feature=youtu.be)
Title: Re: FX Viper
Post by: viltsu on April 15, 2014, 11:46:19 AM
Hey guys,

A little teaser for the interview/documentary that we'll be releasing next week :)

https://www.youtube.com/watch?v=ZMz4Mq5g71M (https://www.youtube.com/watch?v=ZMz4Mq5g71M)

Oh my god! I've been waiting such a long time for something like this! Thanks Nick and Jeff!!!
Title: Re: FX Viper
Post by: forex4life on April 21, 2014, 08:51:56 AM
Hey guys,

A little teaser for the interview/documentary that we'll be releasing next week :)

https://www.youtube.com/watch?v=EdjtupQ98ds&feature=youtu.be (https://www.youtube.com/watch?v=EdjtupQ98ds&feature=youtu.be)

So..... is it coming? When? :-)
Title: Re: FX Viper
Post by: jubal on April 25, 2014, 12:07:40 PM
@ Jeff.  I believe you now have a MAM running on Axi US09.   Can you add link to your signature.  I'm currently using Axi with the EA and I am considering the MAM.  I want to see results for a while against ICM MAM before finally deciding
Title: Re: FX Viper
Post by: jshear on April 25, 2014, 12:28:02 PM
Hi the new AXI MAMM for Viper is now set below on my signature.


Cheers

Jeff
Title: Re: FX Viper
Post by: Tempestshade on April 25, 2014, 01:47:17 PM
Despite the trades being similar would it ever be possible to have a joint Trusted/Viper MAM?

Cheers,
David
Title: Re: FX Viper
Post by: jshear on April 25, 2014, 02:27:40 PM
No a Viper MAMM and Trusted MAMM joint are not possible as I am partners with Nick from Forexsignals.com on Viper MAMM and Trusted FX MAMM is traded and run my good friend and mentor. If you are looking to have both then sign up for both.

Cheers

Jeff
Title: Re: FX Viper
Post by: jshear on April 25, 2014, 02:41:56 PM
Hi everyone I would like to announce that Axitrader is now being offered as a new broker for Viper MAMM. The commissions rate is $5.50 per lot a discounted rate passed on to members. Enjoy.



Jeff/Viper :)
Title: Re: FX Viper
Post by: Okda on April 25, 2014, 04:13:06 PM
Another good news is that it will be hosted on their new us09 server

Good luck

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: alidubai on April 25, 2014, 06:11:55 PM
Is it same like ICMarkets 3x risk? the new Axitrader MAMM?
Title: Re: FX Viper
Post by: jshear on April 25, 2014, 06:13:12 PM
Yes AXI MAMM is 3 times risk same as IC Markets MAMM.



Cheers
Jeff
Title: Re: FX Viper
Post by: forex4life on April 28, 2014, 09:11:57 AM
Hey guys,

A little teaser for the interview/documentary that we'll be releasing next week :)

https://www.youtube.com/watch?v=EdjtupQ98ds&feature=youtu.be (https://www.youtube.com/watch?v=EdjtupQ98ds&feature=youtu.be)

Hi
Next week is over.................... so?
Title: Re: FX Viper
Post by: Okda on April 28, 2014, 11:43:22 AM
http://www.forexsignals.com/forum/showthread.php?p=9317

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper Trusted
Post by: topguntrader on April 28, 2014, 04:16:42 PM
Jeff

I can see I can join viper via MAM or Signals copy, with Trusted is there a Signals / copy option if so where ? Also whats the differences between the two accounts ? (sorry if this has been covered before)
Title: Re: FX Viper
Post by: forex4life on April 28, 2014, 04:28:14 PM
Thanks for the link. Will download and see :)

I have a question. Do signal subscribers get signals after the MAMM/PAMM?
If so, they could get less pips, the big MAMMs taking the liquidity first? Especially if you trade at same broker as the PAMMs...?
Thanks
Title: Re: FX Viper
Post by: jshear on April 28, 2014, 07:05:10 PM
Yes MAMM gets in first at IC Markets and Axi. But this has no effect on signals as order book would refresh after that.


Cheers

Jeff
Title: Re: FX Viper
Post by: god on April 29, 2014, 02:05:34 AM
I was wondering if members think a Viper MAM at ICmarkets would be a better bet than a Solaris PAMM?
Title: Re: FX Viper
Post by: nwboater on April 29, 2014, 05:27:35 AM
I was wondering if members think a Viper MAM at ICmarkets would be a better bet than a Solaris PAMM?

These two are VERY different from each other. You should do you own analysis of the two. But for me and many others we will not trade any kind of Grid anymore, regardless of the safety features they may have.

So you are comparing a Grid EA with some human oversight to a manual trader with many years of experience, outstanding results, and millions of dollars under his control. For me it's a no brainer!

I am VERY pleased with Viper.

This also applies to the similar question you asked in the ForexTrusted thread.

Good luck.

Cheers,
Rod
Title: Re: FX Viper
Post by: Forex_Envy on April 29, 2014, 05:55:06 AM
I was wondering if members think a Viper MAM at ICmarkets would be a better bet than a Solaris PAMM?

These two are VERY different from each other. You should do you own analysis of the two. But for me and many others we will not trade any kind of Grid anymore, regardless of the safety features they may have.

So you are comparing a Grid EA with some human oversight to a manual trader with many years of experience, outstanding results, and millions of dollars under his control. For me it's a no brainer!

I am VERY pleased with Viper.

This also applies to the similar question you asked in the ForexTrusted thread.

Good luck.

Cheers,
Rod

I think Viper is a great service but I wanted to clear up some facts about Solaris.

Solaris is not a grid. We use a modified martingale and a few other strategies with a open DD limit of 33%

FX Viper creates a 3 level grid when in trouble in order recoup failed trades which can lead to high DD in the same way a modified martingale can. There is a good example of this on Viper's live account. They currently have 2 open positions for the EURUSD. One of the positions has been held open for 20 days. They have opened a second position in an attempt to average down (bring the take profit closer to price action).

The systems are different but have some similarities in this regard. I am in no way trying to trash on Viper. I would not post on this thread, however Solaris was mentioned here and I wanted to state my case. My apologizes for the intrusion. It is probably best not to ask questions like "who is the best" on a forum where Jeff and I both post quite a bit. The discussions just ends up turning into a pissing contest.

I look up to what Trusted and Viper have accomplished and wish them the best. It is not easy turning a profit month in and month out in the forex world, but they have found a way.

Happy trading everyone!
Title: Re: FX Viper
Post by: god on April 29, 2014, 05:56:29 AM
Alright Rod thanks . I'll do a bit more checking but looking as a possible.
Title: Re: FX Viper
Post by: TradeNow on April 29, 2014, 06:48:26 AM
Hi,

i will never understand why any broker should advertise a system who is bringing in profits every month.  ???
When i look at simpletrader you can open up via ib link and safe the monthly payment for viper. 10k up and you can make profits every day and be millionaire with compounding after 10 years sponsored by your broker?  :P

For sure a good manual trader can afford anything but if the crowd is following the broker gets in trouble.
This makes only sense if the system will fail after some time. I also watched vipers video and it was realy interesting to take a look behind the scene but i am realy skeptical if any signal can survive in the long run making the broker poor.

best regards
Mark
Title: Re: FX Viper
Post by: grgr on April 29, 2014, 06:52:17 AM
Thanks for the link. Will download and see :)

I have a question. Do signal subscribers get signals after the MAMM/PAMM?
If so, they could get less pips, the big MAMMs taking the liquidity first? Especially if you trade at same broker as the PAMMs...?
Thanks

Funny, the same question I asked myself some time ago, when trusted came out with Axi MAMM.

For last 3 weeks I had average ~7% slippage in comparison with previous avg of 5% (10weeks), but it may be caused by many factors, so I hope it won't have an effect on signal subs, just like jshear wrote.

Also I'm not sure if it doesn't depend on the server where those MAMMs are being run, I mean axi servers. If they have a different server to run MAMMs and different for users, then I think it should have no effect.

I was wondering if members think a Viper MAM at ICmarkets would be a better bet than a Solaris PAMM?

If you think solaris is a good option then i would suggest you to put little money on it (little because i have much restricted confidence in automated systems after only losses with them).

Hi,

i will never understand why any broker should advertise a system who is bringing in profits every month.  ???
When i look at simpletrader you can open up via ib link and safe the monthly payment for viper. 10k up and you can make profits every day and be millionaire with compounding after 10 years sponsored by your broker?  :P

For sure a good manual trader can afford anything but if the crowd is following the broker gets in trouble.
This makes only sense if the system will fail after some time. I also watched vipers video and it was realy interesting to take a look behind the scene but i am realy skeptical if any signal can survive in the long run making the broker poor.

best regards
Mark

Why do you think a broker wants the trader to lose? The longer everyone is trading, the longer a broker is making money, right? Their business is to make clients survive and pay commissions as long as possible. Stealing from clients won't keep them.
Title: Re: FX Viper
Post by: TradeNow on April 29, 2014, 07:04:16 AM
Why do you think a broker wants the trader to lose? The longer everyone is trading, the longer a broker is making money, right? Their business is to make clients survive and pay commissions as long as possible. Stealing from clients won't keep them.

Can you tell me where a broker gets his money from to pay all their succesfull clients? And where they get their money from to pay support and infrastructure? Is the money unlimited available? Who is paying the bills?
Retail traders who loose maybe?  :D

And why is any succesfull ea like tickscalpers or others sabotaged by brokers after they realize their potential?


best regards
Mark
Title: Re: FX Viper
Post by: Okda on April 29, 2014, 09:19:45 AM
You are stating that all brokers are moneymakers who bet against the client!!!

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: TradeNow on April 29, 2014, 09:22:15 AM
You are stating that all brokers are moneymakers who bet against the client!!!

Sent from my GT-N7000 using Tapatalk

No. I just said that there is not unlimited space to generate money out of nothing.
Wake up! Its like vegas you need winners but not too much. Thats all.

Br
Mark
Title: Re: FX Viper
Post by: jshear on April 29, 2014, 12:06:57 PM
To answer many of your questions. My trading does not make any broker poor. If you trade at a broker that is not a market maker broker then the order goes out to the market to banks and or liquidity providers. My trading is non toxic so LP's or bank like my order flow. They need volume to offset other trades so they appreciate my trade size. I have many large accounts at brokers like LMAX and I make consistent money. My relationship with these brokers is very good and I get treated well.So  making money in forex is not bad for brokers as they need volume to pass on to the market. As long as its not toxic trades. So to answer some of your questions the signals or MAMM can remain profitable as long as I do my job and make pips. Enjoy the pips.

Cheers

Jeff/Viper ;)
Title: Re: FX Viper
Post by: Okda on April 29, 2014, 12:45:49 PM
Viper,
can you please define toxic trades for the record ? Is it news trading for example?

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: jshear on April 29, 2014, 12:46:52 PM
Yes toxic trading is news trading or trading Arb. My trades are position trading which are deemed non toxic.


Cheers

Jeff
Title: Re: FX Viper
Post by: TradeNow on April 29, 2014, 02:05:41 PM
Yes toxic trading is news trading or trading Arb. My trades are position trading which are deemed non toxic.


Cheers

Jeff

Hi Jeff,

thanks for clarifying. Its hard for me to understand the background structure of brokers and what they like or dislike. I was puzzled to read that lmax now has a problem with news trading. I thought that as a exchange there is no toxic trading. But it seems that they also didnt like to loose money in a short time or that they maybe cant provide the liquidity at some point. Sorry to be skeptical but dont you think that if your service grow it can be toxic for some brokers? I never heard that brokers are happy to pay out and imho its only a question of balance for any broker.
But this is OT and i dont want to disturb the thread maybe you can send me a pm if you like.
I am testing your signal right now and if there is a real chance to follow you the next years without cheaten by brokers this would be a great chance after all the eas we tried.  ;)
Nice video Jeff and thanks for the insight  :D

Br
Mark
Title: Re: FX Viper
Post by: jshear on April 29, 2014, 02:11:04 PM
Hi Mark just to clarify your assumptions. LMAX is an exchange that is connected to various bank and LP's who have to follow a non last look rule. All brokers allow Banks of LP's to have a last look rule. Which means they can accept or reject an  order. That is why you get sometimes off quotes. The idea behind no last look is it levels the playing field between banks and LP's and the trader. So when one trades news they find this toxic as they have no chance to reject an order. As normal position trading they have to accept the trade but they have time to offset it with other trades. So they don't care if one trader is making money as they offset it with others who are loosing money. Its added liquidity for them. So one who consistently makes money in forex is not frowned on by decent brokers. They appreciate the liquidity that this trader provides to the bank. As stated the only thing keeping my signal or MAMM customers from making money is me. As long as I am profitable they too will be. I hope this answers your question.

Cheers

Jeff
Title: Re: FX Viper
Post by: TradeNow on April 29, 2014, 02:17:27 PM
As stated the only thing keeping my signal or MAMM customers from making money is me. As long as I am profitable they too will be. I hope this answers your question.

Cheers

Jeff

Yes thank you for detailed explanation. So you have to take good care of you  :-*
Dont know what stressed vipers prefer but i think you know better.  ;)

Best regards
Mark
Title: Re: FX Viper
Post by: ultracat on April 29, 2014, 02:25:57 PM
Hi Mark just to clarify your assumptions. LMAX is an exchange that is connected to various bank and LP's who have to follow a non last look rule. All brokers allow Banks of LP's to have a last look rule. Which means they can accept or reject an  order. That is why you get sometimes off quotes. The idea behind no last look is it levels the playing field between banks and LP's and the trader. So when one trades news they find this toxic as they have no chance to reject an order. As normal position trading they have to accept the trade but they have time to offset it with other trades. So they don't care if one trader is making money as they offset it with others who are loosing money. Its added liquidity for them. So one who consistently makes money in forex is not frowned on by decent brokers. They appreciate the liquidity that this trader provides to the bank. As stated the only thing keeping my signal or MAMM customers from making money is me. As long as I am profitable they too will be. I hope this answers your question.

Cheers

Jeff

Thanks for the video interview and your answers.  Don't you trade news though, or did I misunderstand what you and Nick were doing near the beginning of the video interview?
Title: Re: FX Viper
Post by: jshear on April 29, 2014, 02:27:57 PM
I trade after the news I don't trade the spike. So I wait for initial news price action to play out.



Jeff
Title: Re: FX Viper
Post by: Dr ea on April 29, 2014, 04:01:32 PM
Hi Mark just to clarify your assumptions. LMAX is an exchange that is connected to various bank and LP's who have to follow a non last look rule. All brokers allow Banks of LP's to have a last look rule. Which means they can accept or reject an  order. That is why you get sometimes off quotes. The idea behind no last look is it levels the playing field between banks and LP's and the trader. So when one trades news they find this toxic as they have no chance to reject an order. As normal position trading they have to accept the trade but they have time to offset it with other trades. So they don't care if one trader is making money as they offset it with others who are loosing money. Its added liquidity for them. So one who consistently makes money in forex is not frowned on by decent brokers. They appreciate the liquidity that this trader provides to the bank. As stated the only thing keeping my signal or MAMM customers from making money is me. As long as I am profitable they too will be. I hope this answers your question.

Cheers

Jeff

I hear complaints about axi cheating profitable private pamm and the private pamm owner do not want to use axi anymore. I almos wanted to join trusted axi mam but after second thought, I never join becos of the huge funds im afraid of axi.
Title: Re: FX Viper
Post by: jshear on April 29, 2014, 04:03:15 PM
If you are afraid to join Trusted FX MAMM at Axi then join at Global Prime as Trusted FX has 2 options Axi or Global.


Cheers

Jeff
Title: Re: FX Viper
Post by: bismillahwd on April 29, 2014, 04:24:36 PM
Geezzz,, u did on fire this week viper.

Love u ! :D


Sent from my iPad using Tapatalk HD
Title: Re: FX Viper
Post by: Dr ea on April 29, 2014, 04:33:21 PM
If you are afraid to join Trusted FX MAMM at Axi then join at Global Prime as Trusted FX has 2 options Axi or Global.


Cheers

Jeff

GP also no to me.
Title: Re: FX Viper
Post by: ultracat on April 29, 2014, 04:35:52 PM
Seriously?  I think GP are just about the most trustworthy broker on the planet right now (ok maybe exaggerating a bit)....
Title: Re: FX Viper
Post by: TradeNow on May 01, 2014, 09:09:12 AM
Jeff can you please tell me the name of the software you are using for monitoring the news?
In the video the guy is repeating two times the name but i can not understand it.
Its the software with the nice voice  ;)
Thanks and br
Mark
Title: Re: FX Viper
Post by: AttilaG on May 01, 2014, 09:15:06 AM
 
    I guess it is   ransquawk.com .
Title: Re: FX Viper
Post by: TradeNow on May 01, 2014, 09:48:10 AM

    I guess it is   ransquawk.com .

Thank you for info!  :)
br Mark
Title: Re: FX Viper
Post by: ForexSignals.com on May 01, 2014, 12:07:26 PM
Jeff can you please tell me the name of the software you are using for monitoring the news?
In the video the guy is repeating two times the name but i can not understand it.
Its the software with the nice voice  ;)
Thanks and br
Mark

Hi Mark,

I'm "that guy" :)

It's Ransquawk

http://ransquawk.com/ (http://ransquawk.com/)
Title: Re: FX Viper
Post by: TradeNow on May 04, 2014, 10:38:08 AM
Jeff can you please tell me the name of the software you are using for monitoring the news?
In the video the guy is repeating two times the name but i can not understand it.
Its the software with the nice voice  ;)
Thanks and br
Mark

Hi Mark,

I'm "that guy" :)

It's Ransquawk

http://ransquawk.com/ (http://ransquawk.com/)

Haha...ok thanks for info maybe you need additional subtitles for your subs ;)

Br
Mark
Title: Re: FX Viper
Post by: geektrader on May 09, 2014, 05:00:33 AM
Am I totally wrong or is Viper in a massive drawdown with it´s open positions right now?
Title: Re: FX Viper
Post by: iwillsurvive on May 09, 2014, 05:17:25 AM
Am I totally wrong or is Viper in a massive drawdown with it´s open positions right now?

You are not wrong
Title: Re: FX Viper
Post by: grgr on May 09, 2014, 09:30:06 AM
It's less than 10%, not so massive yet.
Title: Re: FX Viper
Post by: AttilaG on May 09, 2014, 10:18:52 AM

       16% on Nick's account  and the negative swap  is also  increasing unfortunately :(
Title: Re: FX Viper
Post by: alidubai on May 09, 2014, 10:38:20 AM
30% on MAMM.
Title: Re: FX Viper
Post by: timo on May 09, 2014, 11:20:12 AM
30% on MAMM.

Don't you mean ~22%?
Title: Re: FX Viper
Post by: alidubai on May 09, 2014, 11:37:45 AM
timo 28% to be precise.
Title: Re: FX Viper
Post by: nwboater on May 09, 2014, 12:53:07 PM
To keep things in perspective: The Master signal is 1x, Nicks account is 2x and the MAMM accounts are 3x.

Naturally the higher risk accounts will have more DD.

Cheers,
Rod
Title: Re: FX Viper
Post by: ultracat on May 09, 2014, 01:48:42 PM
Everyone on the signal can control their own risk.  I use .7 risk on viper.  Anyone who is worried with that much DD, that means you aren't comfortable where its at: lower your risk.  I sleep well.  I don't need to check my account on a regular basis. 
Title: Re: FX Viper
Post by: Forex_Envy on May 09, 2014, 02:28:36 PM
CAD unemployment news has saved Viper :)

DD is quite low now.
Title: Re: FX Viper
Post by: TradeNow on May 09, 2014, 02:39:04 PM
CAD unemployment news has saved Viper :)

DD is quite low now.

And draghi saved yesterday on EURUSD.....dont like the way of trading.  :-X

best regards
Mark
Title: Re: FX Viper
Post by: jshear on May 09, 2014, 02:43:38 PM
I will make one response to Envy although my rule since I became a Vendor I DONT post on other vendor's threads as that is a  conflict. Yes today's employment numbers came in weak. But I live in Toronto Canada the biggest city in the country and in the Province of Ontario that is the Industrial heartland of Canada. I have read for the past month in the local business papers that factories are closing and jobs are being lost. They are moving many to the USA where labour costs are much lower.Yesterday the CAD moved down on a rumour of a whisper number of 30K plus jobs being added. This number was total BS. The real number was a loss of -28.9K jobs. Also Canada's new Bank of Canada Governor Steve Poloz comes from a job of heading the Canadian Export development Bank. He is all for a lower dollar to help our exports. Canada needs a lower dollar to spur growth and he has made it very clear he is a DOVE. Last weeks trade balance in Canada was weak so the dollar needs to get weaker to spur growth. This is why I am short the CDN dollar. If you call today luck. I disagree as I can see what really is going on in my own backyard.

Cheers

Viper/Jeff ;)


PS I was short the Euro knowing very well the market was tilted to the upside and that the Strong Euro is bad for the Eurozone as it causes lower inflation and more expensive exports. Yes I expected Draughi to talk down the Euro as he had  no choice as if he didn't the Euro would have gone to 1.42 which many retail traders expected. If you follow the wires you will see daily Economy Ministers have an issue with such a strong Euro. In time the Euro will go much lower
Title: Re: FX Viper
Post by: HFT Group on May 09, 2014, 03:02:28 PM
CAD unemployment news has saved Viper :)

DD is quite low now.

These type of comments are completely out of place in the thread of a fellow vendor.
Without understanding the fundamental strategy behind the traders decisions a comment like this insinuates that the trader was 'saved' by some stroke of good luck as opposed to their trading plan and skill in executing that plan. Very unprofessional conduct and sad to see from a reputable vendor. 
Title: Re: FX Viper
Post by: Forex_Envy on May 09, 2014, 03:07:43 PM
I will make one response to Envy although my rule since I became a Vendor I DONT post on other vendor's threads as that is a  conflict. Yes today's employment numbers came in weak. But I live in Toronto Canada the biggest city in the country and in the Province of Ontario that is the Industrial heartland of Canada. I have read for the past month in the local business papers that factories are closing and jobs are being lost. They are moving many to the USA where labour costs are much lower.Yesterday the CAD moved down on a rumour of a whisper number of 30K plus jobs being added. This number was total BS. The real number was a loss of -28.9K jobs. Also Canada's new Bank of Canada Governor Steve Poloz comes from a job of heading the Canadian Export development Bank. He is all for a lower dollar to help our exports. Canada needs a lower dollar to spur growth and he has made it very clear he is a DOVE. Last weeks trade balance in Canada was weak so the dollar needs to get weaker to spur growth. This is why I am short the CDN dollar. If you call today luck. I disagree as I can see what really is going on in my own backyard.

Cheers

Viper/Jeff ;)


PS I was short the Euro knowing very well the market was tilted to the upside and that the Strong Euro is bad for the Eurozone as it causes lower inflation and more expensive exports. Yes I expected Draughi to talk down the Euro as he had  no choice as if he didn't the Euro would have gone to 1.42 which many retail traders expected. If you follow the wires you will see daily Economy Ministers have an issue with such a strong Euro. In time the Euro will go much lower

Hello Jeff,

I post on different threads and it isn't a problem if I am saying something constructive. There is a clear distinction between trolling and contributing. I'm pleased you were so confident this news would bring you out of your DD. I know how it feels to be in DD with large news coming up. Glad you are back on track.
Title: Re: FX Viper
Post by: Riptide on May 09, 2014, 04:38:14 PM
I have been following Viper on Forex Signals along with a few other services. It seems a lot of dudes on this forum are behind him. So I'm confused. I read Viper is a scalper. In Viper's trading history there are a lot of trades that close for 3-15 pips. Why not just use a SL instead of building a grid that causes high drawdown?
Title: Re: FX Viper
Post by: Eric on May 09, 2014, 05:47:37 PM
Forex_Envy,

It is not the first time you say something "constructive" on Viper - you did also the same thing last year on a CAD trade where you did question his Hedge... And Viper "won"!

Please be professional with other vendors.

I am 100% sure that Viper was ready, should the CAD had gone further down - This is skilled trading and nothing else...

Good luck with your product and please respect the other vendors, especially on their own thread.

I will make one response to Envy although my rule since I became a Vendor I DONT post on other vendor's threads as that is a  conflict. Yes today's employment numbers came in weak. But I live in Toronto Canada the biggest city in the country and in the Province of Ontario that is the Industrial heartland of Canada. I have read for the past month in the local business papers that factories are closing and jobs are being lost. They are moving many to the USA where labour costs are much lower.Yesterday the CAD moved down on a rumour of a whisper number of 30K plus jobs being added. This number was total BS. The real number was a loss of -28.9K jobs. Also Canada's new Bank of Canada Governor Steve Poloz comes from a job of heading the Canadian Export development Bank. He is all for a lower dollar to help our exports. Canada needs a lower dollar to spur growth and he has made it very clear he is a DOVE. Last weeks trade balance in Canada was weak so the dollar needs to get weaker to spur growth. This is why I am short the CDN dollar. If you call today luck. I disagree as I can see what really is going on in my own backyard.

Cheers

Viper/Jeff ;)


PS I was short the Euro knowing very well the market was tilted to the upside and that the Strong Euro is bad for the Eurozone as it causes lower inflation and more expensive exports. Yes I expected Draughi to talk down the Euro as he had  no choice as if he didn't the Euro would have gone to 1.42 which many retail traders expected. If you follow the wires you will see daily Economy Ministers have an issue with such a strong Euro. In time the Euro will go much lower

Hello Jeff,

I post on different threads and it isn't a problem if I am saying something constructive. There is a clear distinction between trolling and contributing. I'm pleased you were so confident this news would bring you out of your DD. I know how it feels to be in DD with large news coming up. Glad you are back on track.
Title: Re: FX Viper
Post by: alidubai on May 09, 2014, 05:50:18 PM
Guys enjoy the weekend.
Title: Re: FX Viper
Post by: timo on May 09, 2014, 05:53:02 PM
ForexEnvy -  I found your comments to be unnecessary, and insulting to FX Viper.

You obviously know very little about his strategy if you think it is appropriate to say a news release 'saved' him and his subs.

That implies that if the news release went the other way, he would what? Not be saved? Margin Call?

Whilst you may not feel you are 'trolling' per-se, have a good look at yourself, and what you are bringing to this thread.

As a vendor you should know way better than that. 

You were not contributing anything positive, intelligent or even funny IMHO.



Title: Re: FX Viper
Post by: jshear on May 09, 2014, 05:53:50 PM
Thanks everyone for you kind support. Its been a tough week for you guys. I am glad it ended on a good note for you all to have a relaxing weekend. Yes I had a plan if the news went against me but I felt the odds on both trades were way in my favour.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 06:07:58 PM
You have not ceased to impress me Jeff. Extremely well handled DD :)
Even more difficult than constantly trading nicely when all is presenting positive, is the aspect of successfully managing psychology every time DD is presented (and when odds appear to be against you in the surface)!

Sieg Heil Viper!! ;D
Víctor
Title: Re: FX Viper
Post by: ultracat on May 09, 2014, 06:40:44 PM
Sieg heil?   This whole last page of comments in bizarre.

Good job as usual Jeff!

Robert I feel you are misunderstood, I took it as a positive comment.

Its Friday and we all made money this week.  Don't worry, be happy!
Title: Re: FX Viper
Post by: caddyhexe on May 09, 2014, 06:44:30 PM
Let me put my 2 cents in on this...

I have watched Jeff and the Viper Project from the sidelines for a while and am now a subscriber to his signals, I saw what happened at the end of last year with the DD and this was one reason I joined.

Jeff has been described as a demi-God and a stubborn ba#*#*d.

In the DD last year and in this current one Jeff has not only had to fight the markets but also has had to restrain his trading due to a few subs who over risked their accounts. He could have let them go to the wall but he didnt.

I live in Germany a lot and there are really motorways/autobahns here with no speed limit. Imagine having a Ferrari (or a Viper) in Germany and having it restricted to a max. speed of 70mph/110 kmh. This is how Jeff must have felt the last days (and last year) sitting in a situation, knowing how to get out but having his hands tied. SH!T SITUATION but good for the few who were on the cliff edge.

We have heard comments of luck. Short Euro against the trend and Draghi talks it down again, call it luck or commitment/stubbornness, whatever. It worked and the only reason Jeff didnt load up at the top was because he had his hands tied. He would have let the shorts run further in a normal situation but wanted to reduce risk coz of the USDCAD position.

Again, against the trend, he held on and again his thinking/knowledge/reasoning was right.

One time COULD be called LUCK but TWICE IN TWO DAYS...............that takes more than a horse-shoe/rabbits foot etc.

I respect how Jeff handled this, but please, subs of the signal, think about the risk factor, we have seen it twice now.

The master account is a 1:200 leverage, when I want to trade the same risk as Viper on a 1:50 the the multiplier must be 0.25 not 3 or 4. (Very simply put)

I spent the last days with 90% usable free margin and NO worries. I understood why Jeff tied his own hands BUT had they been free I/we, with the right risk math, could have gotten out of this (for me very acceptable) DD easier and with a heck of a lot more profit.

Jeff, I havent had a tough week, you deserve the rest my friend. Enjoy, and one fine day I will buy you a Beer or three.
Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 06:46:16 PM
@Ultracat:

Sorry if I offended you, or anyone else with that comment. It was just a joke, with the only intention to cheer up Jeff for his great job :)
Title: Re: FX Viper
Post by: caddyhexe on May 09, 2014, 07:01:02 PM
@Ultracat:

Sorry if I offended you, or anyone else with that comment. It was just a joke, with the only intention to cheer up Jeff for his great job :)

Victor that was funny...I could hear the clicking of the heels...it is after all victory day...thanks for cheering up the world...you up for a beer at some time too??? You are on my list
Title: Re: FX Viper
Post by: grgr on May 09, 2014, 07:27:11 PM
The master account is a 1:200 leverage, when I want to trade the same risk as Viper on a 1:50 the the multiplier must be 0.25 not 3 or 4. (Very simply put)

I'm sorry, but I cannot fully agree with it.

The margin level takes in the consideration equity and amount of margin in use, so in fact you would need to have 5 trades with 400 pips floating loss each to get close to Margin Call (~97% margin level) on 1:50 account with 1x multiplier risk.

Actually, with double risk it can be only about 80 pips floating loss per trade.

On 1:250 leveraged account you can run 3x Risk, eventual 5 trades with floating loss of 170 pips each will cause Margin level to reach 95%.

Of course, those values would change for different pairs, and basically, with the amount of trades opened. I calculated it for 5 x eurusd.
Title: Re: FX Viper
Post by: TradeNow on May 09, 2014, 07:35:19 PM
Anyway all ended fine but it should be possible to question the strategy.
Correct me if i am wrong but it seems the strategy is to buy sell on high lows and catch some pips around 2 - 15. Decisions backed up with fundamentals and if the trend is against Jeff is adding trades to cover and scale in. Thats for sure realy difficult and needs a lot of self control.
MM seems to be the key here. Jeff is using low risks with his trades so a bad timing we saw this week on eurusd and usdcad was not producing a huge dd as we see on other signals before. Jeff explained his strategy with expecting draghi speak and usdcad data but for me it looks like bad timing and a portion of luck that this ended positive. Dont get me wrong i have a lot of respect for jeffs work but on a signal service i would prefer a tight sl over building up grids. And why not waiting until news released or one hour before? Why building up those positions? Hold and pray? Sooner or later we will see a large dd and max sl hit imho. Question is how often this will happen.

And please dont post any angry comments. I dont offend jeff nor his way to trade. He had plenty of success and maybe it will hold on with a bit of luck but i wouldnt join this signal.
Its only my own opinion. Not more  :D So dont hit me  ;)

Br and have a nice weekend
My beer is fine  ;)
Cheers
Mark


Title: Re: FX Viper
Post by: TradeNow on May 09, 2014, 07:43:48 PM
Sieg Heil Viper!! ;D
Víctor

Ohje wenn das der Führer wüsste  ;)

Br
Mark
Title: Re: FX Viper
Post by: caddyhexe on May 09, 2014, 07:51:58 PM
... i would prefer a tight sl over building up grids. And why not waiting until news released or one hour before? Why building up those positions? Hold and pray? Sooner or later we will see a large dd and max sl hit imho.

and in sig.

Quote
** Pure grid - Time is too short for other eas ;-) **

I respect your opinion

doppelmoral vielleicht
Title: Re: FX Viper
Post by: Forex_Envy on May 09, 2014, 07:54:07 PM
Sieg heil?   This whole last page of comments in bizarre.

Good job as usual Jeff!

Robert I feel you are misunderstood, I took it as a positive comment.

Its Friday and we all made money this week.  Don't worry, be happy!

I think everyone on this thread was just a little stressed with the DD and took my post the wrong way. I probably should have used a different word than saved... maybe "helped"?!
I don't know. I have always been supportive of Viper and congratulated him when he recovered from his last instance of DD. On the Trusted thread I was posting that I was sure Jeff had a plan and that he would find a way out of this DD like he did last time.

I was trying to let ppl know the DD was low and that the CAD news was in favor of Vipers open positions, not marginalize anyone.

Happy weekend everyone!
Title: Re: FX Viper
Post by: deathlord on May 09, 2014, 08:04:29 PM

Sieg Heil Viper!! ;D
Víctor

Ohje wenn das der Führer wüsste  ;)

Br
Mark

Wenn, ja wenn ... ;)
Title: Re: FX Viper
Post by: TradeNow on May 09, 2014, 08:08:56 PM
... i would prefer a tight sl over building up grids. And why not waiting until news released or one hour before? Why building up those positions? Hold and pray? Sooner or later we will see a large dd and max sl hit imho.

and in sig.
** Pure grid - Time is too short for other eas ;-) **

I respect your opinion

doppelmoral vielleicht

Nö. Grid mit 500$ ist spielerei but on a signal with a bigger account.....not for me.
I think i will never join a signal service again. I prefer the full control over my own account and if i loose its ok  ;)

Br
Mark
Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 08:36:56 PM
Ohje wenn das der Führer wüsste  ;)
Ja, ich auch! :P

Now talking about Jeff's trading:
If we consider that even with the "help" of good fundamentals and/or "precise" technical analysis with common indicators, tools and plain statistics, in the long run we barely have an little edge above 50/50 (the famous "coin toss" example) at the moment we enter a trade (because no one can predict future, unless you have access to good offer/demand and order-flow insider information), well, that IS the reason why "tight" SLs in a market as volatile and fast moving as Forex, can only lead to loses in longer terms... Most SLs get hit eventually.

Don't you think? Or how do you handle such situation in your personal trading?


Victor that was funny...I could hear the clicking of the heels...it is after all victory day...thanks for cheering up the world...you up for a beer at some time too??? You are on my list
Of course mate, maybe one day! There's a few people I've met in the forums (specially Donna's) with whom I would like to drink a beer someday ;)
Title: Re: FX Viper
Post by: grgr on May 09, 2014, 08:37:53 PM
@TradeNow,

I must admit that i also respect your opinion. But on the other hand, forget about all your feelings, take a look at the live results, satisfied followers, rules, which both of those traders have, and their success. You may not like the way they are trading.. maybe I'm not the biggest fan of it too (my beginning was full of shh***y signals, especially scalping ones), but.. IT IS WORKING, for half a year or more.. They trade on public accounts nice amount of money (viper 100k, trusted 1m), you might have seen the interview with Jeff, and probably will found that he's a long member of DF (so he isn't much different than us.. and also bad experienced?).

It all looks like a utopia. Well, definitely it would be, if they didn't get into DDs, but I'm afraid it's impossible to make money on anything (in most cases) without firstly losing the invested money value.

Maybe they are finally "the real deal" which will help us become one of the 0,1% of winning traders. I wish all of us success with those guys  ;)
Title: Re: FX Viper
Post by: nc! on May 09, 2014, 08:46:33 PM
Good trading, excellent, thank you. DD is part of fx life, reduce risk, drink decaf, manage your risk.

Happy follower nc! :)
Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 08:54:01 PM
Oh! And I forgot to mention one very important and infallible hazard towards the use of SLs:
The horrible, but completely real constant practice of massive "Stop Hunting" by all kind of big institutions and liquidity providers (banks, hedge funds, brokerage firms, etc...).

Cheers!
Víctor
Title: Re: FX Viper
Post by: Riptide on May 09, 2014, 09:09:32 PM
Oh! And I forgot to mention one very important and infallible hazard towards the use of SLs:
The horrible, but completely real constant practice of massive "Stop Hunting" by all kind of big institutions and liquidity providers (banks, hedge funds, brokerage firms, etc...).

Cheers!
Víctor

Desk Dealers SL hunt if they are crooks. Good brokers don't want you to lose money. They make money on commission and/or spread markup. Hedge funds and banks have nothing to gain from trying to "hunt" a small time managers SL. You have to keep things in perspective. We are little retail fish.



I have read most of this thread and most of the follower here are way to biased to admit that Viper has some glaring weaknesses that should be addressed.

If Viper was trading masterfully like many of you claim, he would have placed all those USDCAD buy trades just before the news came out. After all, HE JUST KNEW THE NEWS WOULD MOVE THE MARKET IN HIS FAVOR BECAUSE CANADA IS HIS BACK YARD.

Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.
Title: Re: FX Viper
Post by: TradeNow on May 09, 2014, 09:22:03 PM
I am not talking about feelings. Using a signal implies 100% faith and no control over the trades made. You are absolut dependent of the trader. After years trading this is something i wouldnt want anymore. Hope its the real deal for you guys.

Br
Mark
Will leave topic now nuff said  ;)

Back again,

after watching jeffs trading the last weeks and the video again i decided to jump over my own shadow.  ;)
I never thought that i will subscribe to a signal again but here we are. 6 month for now and all eas removed from my savings account. my plan is to grow my account with jeffs help in the next years. hope that this is not a bubble again and that i see my first million soon.  :)
Max dd was discussed and the historical dd was 13.81% right now. So setting max dd to 20% is a good idea for this signal or what are you guys using?

br
Mark
Title: Re: FX Viper
Post by: primi on May 09, 2014, 09:28:02 PM
"tight" SLs in a market as volatile and fast moving as Forex, can only lead to loses in longer terms...

That's rubbish. I don't want to get involved into this pro et contra debate about Viper though I think it would make a lot of sense to actually use some kind of reasonable SL and it would actually increase profitability. But to say tight SL have no place in FX trading well that's just rubish, no offense. If you know where to put your SL it will not be hunted and price will not spike through. And it can be really tight. Unbelievably tight.
Title: Re: FX Viper
Post by: jubal on May 09, 2014, 09:44:20 PM
Quote
Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.

Wisest words spoken today.  I'm a sub and like everyone I love it when things are going well.  But one of these days it wont turn around.  Nothing to do with being a good trader or even a lucky one.  Its just the market. Time to dial back the risk big time.  Also not necessary for Viper to put SL in place. He can keep the levels in his head so broker wont be aware. just close when apropriate 
Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 09:58:51 PM
Desk Dealers SL hunt if they are crooks. Good brokers don't want you to lose money. They make money on commission and/or spread markup. Hedge funds and banks have nothing to gain from trying to "hunt" a small time managers SL. You have to keep things in perspective. We are little retail fish.
I'm not only talking about "Desk Dealers". No offense, but please study a little more how market micro-structure works, and how "Order Flow" is used around big institutions. They need it in order to obtain liquidity at certain prices, and the so called "Stop Hunting" is only a collateral effect from it.

If Viper was trading masterfully like many of you claim, he would have placed all those USDCAD buy trades just before the news came out. After all, HE JUST KNEW THE NEWS WOULD MOVE THE MARKET IN HIS FAVOR BECAUSE CANADA IS HIS BACK YARD.
Really? ??? Come on man, don't be silly. No one can predict the future, neither accurately guess all the time to which point price may extend. We are talking about "probabilities".


"tight" SLs in a market as volatile and fast moving as Forex, can only lead to loses in longer terms...
That's rubbish. I don't want to get involved into this pro et contra debate about Viper though I think it would make a lot of sense to actually use some kind of reasonable SL and it would actually increase profitability. But to say tight SL have no place in FX trading well that's just rubish, no offense. If you know where to put your SL it will not be hunted and price will not spike through. And it can be really tight. Unbelievably tight.
Well, please show me a generously sized account generating more than 40% yearly ROI, being traded with "unbelievably tight" SLs, with more than 1 year of constant activity... Don't tell me "what is possible", just prove it. Thanks!


Whatever guys, I'm not saying that SL usage is bad by any means. All depends on the type of strategy involved.
Title: Re: FX Viper
Post by: grgr on May 09, 2014, 10:04:35 PM
They are going to manage the drawdowns to keep it between 8-12% (from trusted description, so i guess viper is going to do the same). I believe they will manage properly the eventual drawdown trades that won't like to rebound.
Anyone who didn't read it yet, should do it, here is the link: http://www.connectforex.com/signal/1297/Trusted-FX.html (http://www.connectforex.com/signal/1297/Trusted-FX.html)

I would like also to comment about the risk. This is just my opinion, but I think that 3x risk is quite high, especially, that it generally means almost 90% WCS. But those MAMM's running at high risks (or followers accounts) are useful just because of one important thing: With enough leverage, you can just simply deposit less money on broker and get the same profits. You only need to remember withdrawing some of them (or lowering risk), just to keep the right proportions to balance your intended risk. For example, instead of 10k $ with risk 2, you can put 6666 $ with risk 3.
Running everything that you have with 3 risk will mean generally that you risk almost all of your capital, and all of the profits gained - so think about it.
Title: Re: FX Viper
Post by: Riptide on May 09, 2014, 10:11:28 PM
Quote
Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.

Wisest words spoken today.  I'm a sub and like everyone I love it when things are going well.  But one of these days it wont turn around.  Nothing to do with being a good trader or even a lucky one.  Its just the market. Time to dial back the risk big time.  Also not necessary for Viper to put SL in place. He can keep the levels in his head so broker wont be aware. just close when apropriate

Thanks for the complement.  8)

I'm new around here but this webpage seems to be a great place for honest discussion.

Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 10:21:04 PM
One more thing:

Working strategies with "unbelievable tight" SLs are often over-optimized and extremely curve fitted, hence only do work for a limited period of time under specific market conditions... There are NOT systems/strategies like that, who could properly function across all market conditions.

Even one of the best EAs present in this forum, Forex Envy, being the only one that I know which has been working well for a lot of time in all conditions (sorry Jeff for mentioning it in your thread), does NOT uses fixed tight SLs. Yes, there are many other automated systems that may seem to work better, but again, only for short and/or particular periods of time... and then the equity curve simply stops growing constantly and with consistency, or in the worst cases: KABOOM!

* BTW, I'm talking about both manual and automated systems, but I used EAs as an example because of the "hard rule" it would mean to always be using tight SLs. And hard rules can be easily coded for automation.

Víctor
Title: Re: FX Viper
Post by: Riptide on May 09, 2014, 10:27:03 PM
They are going to manage the drawdowns to keep it between 8-12% (from trusted description, so i guess viper is going to do the same). I believe they will manage properly the eventual drawdown trades that won't like to rebound.
Anyone who didn't read it yet, should do it, here is the link: http://www.connectforex.com/signal/1297/Trusted-FX.html (http://www.connectforex.com/signal/1297/Trusted-FX.html)

I would like also to comment about the risk. This is just my opinion, but I think that 3x risk is quite high, especially, that it generally means almost 90% WCS. But those MAMM's running at high risks (or followers accounts) are useful just because of one important thing: With enough leverage, you can just simply deposit less money on broker and get the same profits. You only need to remember withdrawing some of them (or lowering risk), just to keep the right proportions to balance your intended risk. For example, instead of 10k $ with risk 2, you can put 6666 $ with risk 3.
Running everything that you have with 3 risk will mean generally that you risk almost all of your capital, and all of the profits gained - so think about it.

So the ceiling is 12% at risk 1?

It is hard to tell because the limit seems to increase when Viper is under drawdown. I think I remember reading that the max risk was 10% for Viper during the drawdown of last year. Then he changed it while the mess was still going on and told subs they didn't have to keep subscribing if they had an issue with it.

I still think Viper's risk 1 account has good stats for the year (nearly) he has been trading.

37.4% growth with 13.8% drawdown isn't bad at all with the amount of $$$ he is controlling.

I just wonder what kind of discussion we would be having if the news moved the USDCAD down 100 pips instead of up 100 pips...

Get off the grid and we wont be having these kinds of discussions.
Title: Re: FX Viper
Post by: jshear on May 09, 2014, 10:28:57 PM
Hi everyone I personally run my accounts at 2 and 3 times my master risk. I am very comfortable with it. Do what makes you  comfortable. Have a nice weekend.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: primi on May 09, 2014, 10:44:51 PM
One more thing:

Working strategies with "unbelievable tight" SLs are often over-optimized and extremely curve fitted, hence only do work for a limited period of time under specific market conditions... There are NOT systems/strategies like that, who could properly function across all market conditions.

Even one of the best EAs present in this forum, Forex Envy, being the only one that I know which has been working well for a lot of time in all conditions (sorry Jeff for mentioning it in your thread), does NOT uses fixed tight SLs. Yes, there are many other automated systems that may seem to work better, but again, only for short and/or particular periods of time... and then the equity curve simply stops growing constantly and with consistency, or in the worst cases: KABOOM!

* BTW, I'm talking about both manual and automated systems, but I used EAs as an example because of the "hard rule" it would mean to always be using tight SLs. And hard rules can be easily coded for automation.

Víctor
We've gone a bit off topic here so it would have been better to move this discussion somewhere else. But I don't think we're even on the same page regarding the definition of unbelievably tight SL. I bet my definition is even tighter than you think it is. Price just doesn't spike through real demand or supply. And no, you don't need any "inside information" to spot it.

It seems to me you're also talking about manual and automated systems but what you mean is really one and the same. Some kind of strict rule based systems "if this happens do that". Those don't work well anyway. Manual or automated.

Anyway, you can move this discussion somewhere else if you want, that's all I'm prepared to say on this thread.
Title: Re: FX Viper
Post by: primi on May 09, 2014, 10:47:58 PM
Well, please show me a generously sized account generating more than 40% yearly ROI, being traded with "unbelievably tight" SLs, with more than 1 year of constant activity... Don't tell me "what is possible", just prove it. Thanks!
40% you can make in a day on a good day.
Title: Re: FX Viper
Post by: Viktory on May 09, 2014, 11:03:21 PM
We've gone a bit off topic here so it would have been better to move this discussion somewhere else. But I don't think we're even on the same page regarding the definition of unbelievably tight SL. I bet my definition is even tighter than you think it is. Price just doesn't spike through real demand or supply. And no, you don't need any "inside information" to spot it.

It seems to me you're also talking about manual and automated systems but what you mean is really one and the same. Some kind of strict rule based systems "if this happens do that". Those don't work well anyway. Manual or automated.

Anyway, you can move this discussion somewhere else if you want, that's all I'm prepared to say on this thread.
Of course we are not talking about algorithmic quantitative high-frequency trading in here. I bet no one here holds something like a PhD in Physics/Math/Engineering, Finance/Economics/Statistics, while also having exceptional programming skills in C/C++, C#, Java, Matlab/Mathematica, etc.

40% you can make in a day on a good day.
Yeah, sure... With how much leverage and how big lot sizing? Risking how much? And with what market exposure?... If you are willing to win 40% in a day, also be prepared to equally lose the same or more in the same or less amount of time. Lol, of course that's not feasible in the longer run... You lose 40%, win 66.66% only to BE, and so on. And with more you have, the more you lose for the same percentage. So capital preservation becomes completely nonexistent.

Cheers! ;)
Víctor
Title: Re: FX Viper
Post by: primi on May 09, 2014, 11:16:22 PM
Yeah, sure... With how much leverage and how big lot sizing? Risking how much? And with what market exposure?... If you are willing to win 40% in a day, also be prepared to equally lose the same or more in the same or less amount of time. Lol, of course that's not feasible in the longer run... You lose 40%, win 66.66% only to BE, and so on. And with more you have, the more you lose for the same percentage. So capital preservation becomes completely nonexistent.

Cheers! ;)
Víctor
Risking say 2% on a trade.

Perhaps we should make it a race, Nick is trying to go from $30k to $300k in 2 years or so. Maybe I'll go from something like $300 to 300k to give him a bit of a head start lol. But I need to get organized differently because right now I'm not trading full time which I'd have to obviously. I'll think about it.

Really really off topic now.
Title: Re: FX Viper
Post by: grgr on May 10, 2014, 11:38:07 AM
So the ceiling is 12% at risk 1?

It is hard to tell because the limit seems to increase when Viper is under drawdown. I think I remember reading that the max risk was 10% for Viper during the drawdown of last year. Then he changed it while the mess was still going on and told subs they didn't have to keep subscribing if they had an issue with it.


I don't know exactly how they are going to manage such DDs, because it didn't happen yet. You can read about closing trades to keep the floating DD at that level, so it doesn't mean that overall dd won't be higher. Actually they are saying that Worst Case Scenario is about 27% for 1x Risk, so adding eventual slippage you should consider around 30%.

I don't know where did the rumor about max 10% dd came from, people started to think that 10% is the highest possible dd, so they could safely run 10x risk or something, which was wrong.
Title: Re: FX Viper
Post by: forexbaby on May 10, 2014, 11:57:13 AM
Guys,

there are many ways to Rome.

For me, I do use viper and trusted fx too and I trade on my own. I do have my own rules for my personal trading which is hard SL which I believe is impt.

However, how viper and trusted fx could last so long, is because their money mgt, small lot compared to their account! Thus meaning your risk level is impt. Yes, the rr is not good, some forms of grids etc BUT look at the history! Can someone show me a better signal provider with a better gain and dd?

Though I trade and make nice profit, I would never want to give signal now. Is just too troublesome, and I am glad I use viper and trusted to spread my money risk.

so, all of you are not wrong or right BUT different perspective in seeing things.

ps. I use risk 3 on a small account BUT am prepared to lose them ALL. One recommendation is to withdraw profit every mth if you are using a higher risk level. 





Title: Re: FX Viper
Post by: forexbaby on May 10, 2014, 02:28:05 PM
So the ceiling is 12% at risk 1?

It is hard to tell because the limit seems to increase when Viper is under drawdown. I think I remember reading that the max risk was 10% for Viper during the drawdown of last year. Then he changed it while the mess was still going on and told subs they didn't have to keep subscribing if they had an issue with it.


I don't know exactly how they are going to manage such DDs, because it didn't happen yet. You can read about closing trades to keep the floating DD at that level, so it doesn't mean that overall dd won't be higher. Actually they are saying that Worst Case Scenario is about 27% for 1x Risk, so adding eventual slippage you should consider around 30%.

I don't know where did the rumor about max 10% dd came from, people started to think that 10% is the highest possible dd, so they could safely run 10x risk or something, which was wrong.

10% was mentioned very early when Viper signal just got started BUT he broke the rule when the u/cad trades went against him. Read the history to know more. 13% to 27% dd rule, I think is from trusted and  viper also followed on.
Title: Re: FX Viper
Post by: AttilaG on May 11, 2014, 06:50:48 PM
      Hi everyone

     According to the Myfxbook account the worst case DD
     was  13.8%  with risk set at 1.
      This means  with a risk set at 3 the DD would be  ( 3 X 13.8 ) 41.4 %.
      Am I right in my calculation ?
Title: Re: FX Viper
Post by: grgr on May 11, 2014, 08:01:33 PM
Generally I'm afraid that nobody will be able to give you 100% accurate answer. When there's a signal service you cannot backtest it over longer period of time, WCS might be different for everyone depending on their deviation tolerances. Basic rule says that WCS is twice the worst DD on the backtest. So if you don't have a backtest here, you have to take the live performance results into consideration.

I don't know how did TrustedFX figure out that WCS should be 27%, it is around 3 times losing 10%, so he would need to have 3 big basket losses in a row, while so far we have only seen max 1 big basket floating loss which always turned into profit or breakeven.

I suggest you to read fmonera's blog, he wrote there a lot about WCS.

About VIPER - i think that he has the same rule as Trusted, so for 3x risk you should be prepared for 3x27% Worst Case Scenario, and I would add 3x3% just in case of slippages, swaps, etc.
Title: Re: FX Viper
Post by: Okda on May 11, 2014, 08:30:33 PM
Viper himself is running his money at 3x,  i am sure he is not doing  so while knowing he will let them run into dd of 90%
AFAIK maximum dd for Viper at 1x is 15%, which is 45% at 3x for leverage 1:200 and above

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: kmf on May 11, 2014, 08:42:47 PM
Just wondering if anyone here using Viper's signal, is using LQD Markets as their broker. If so, how is it compared to Viper's Master account as far as pips gained and slippage. Are you using a Mini account, or a Premium account spreads? I'm thinking of transferring some funds fro another broker, and was just wondering how Viper signal is performing there.

Thanks so much..
Title: Re: FX Viper
Post by: grgr on May 11, 2014, 08:44:21 PM
Viper himself is running his money at 3x,  i am sure he is not doing  so while knowing he will let them run into dd of 90%
AFAIK maximum dd for Viper at 1x is 15%, which is 45% at 3x for leverage 1:200 and above

Sent from my GT-N7000 using Tapatalk



Don't blind yourself because later you may come back crying.

This wouldn't be dd, but a signal failure if that would happen.

Why do you think trusted states WCS at 27% if he is trading the same way?

edit: And leverage has no effect on Drawdown level!
Title: Re: FX Viper
Post by: Okda on May 12, 2014, 12:31:25 AM
If leverage is less than master account, the equity percentage will be much smaller due to used margin,
A USA customer got a margin call on his account in the last week dd which on normal accounts didn't exceed 30 percent of  3x risk

Viper and Trusted has similar trading but their rules regarding dd and how to handle them are not the same

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: Riptide on May 12, 2014, 03:43:57 AM
Viper himself is running his money at 3x,  i am sure he is not doing  so while knowing he will let them run into dd of 90%
AFAIK maximum dd for Viper at 1x is 15%, which is 45% at 3x for leverage 1:200 and above

Sent from my GT-N7000 using Tapatalk



Don't blind yourself because later you may come back crying.

This wouldn't be dd, but a signal failure if that would happen.

Why do you think trusted states WCS at 27% if he is trading the same way?

edit: And leverage has no effect on Drawdown level!

You are correct. It should also be noted that if your leverage is low (100:1 or less) you can hit a MC much faster than Vipers will. Less leverage = less trading capital, which should not be a problem unless Viper goes on another grids gone wild spree.

So when the grid is deployed at what point does Viper pull the plug!? That is the questions that worries the piss out of me. I like to know what I stand to lose in case things get ugly.

Title: Re: FX Viper
Post by: grgr on May 12, 2014, 08:31:57 AM
I have already write the explanation about margin calls with too low leverage so I won't get back to this.

Can you tell me Okda, how do you know how is viper handling dd with different rules? I am tracking both, viper and trusted and I haven't noticed differences.
From what are you trying to say it looks like that I can safely run 6x risk with viper, because that will be 90% WCS (and it shouldn't be a problem at all because you can get 1:500 account without problem). I'm sorry, but I won't agree with this.

Later we'll have another people screaming about disastrous drawdown, because mythical "15% WCS" was broken like previous "10% WCS".

I know it may take time, months, year(s), or maybe never happen, but all must be aware of the worst scenario and don't live basing only on the good times.
Title: Re: FX Viper
Post by: kjen17 on May 12, 2014, 07:27:02 PM
You are correct. It should also be noted that if your leverage is low (100:1 or less) you can hit a MC much faster than Vipers will. Less leverage = less trading capital, which should not be a problem unless Viper goes on another grids gone wild spree.

So when the grid is deployed at what point does Viper pull the plug!? That is the questions that worries the piss out of me. I like to know what I stand to lose in case things get ugly.



I think its been stated above that 15% DD would be the point at which Viper might accept a loss. He has proven already though that he is very skilful at getting out of DD and your phrase "wild spree" does not do him any justice at all. If that's not enough for you then probably best not to join & use a system that has hard stops & no averaging of positions.
Title: Re: FX Viper
Post by: Riptide on May 14, 2014, 05:55:45 PM
You are correct. It should also be noted that if your leverage is low (100:1 or less) you can hit a MC much faster than Vipers will. Less leverage = less trading capital, which should not be a problem unless Viper goes on another grids gone wild spree.

So when the grid is deployed at what point does Viper pull the plug!? That is the questions that worries the piss out of me. I like to know what I stand to lose in case things get ugly.



I think its been stated above that 15% DD would be the point at which Viper might accept a loss. He has proven already though that he is very skilful at getting out of DD and your phrase "wild spree" does not do him any justice at all. If that's not enough for you then probably best not to join & use a system that has hard stops & no averaging of positions.

I was attracted to Viper coming across his stats on FPA. The description states "FX Viper is a manually traded scalping strategy."
Viper starts with a small innocent looking trade and then turns into a full blown grid with no defined equity DD limit. This means you are risking all of your trading capital. I know most of you will say he will take a loss at some point, but when?

He has broken his max DD rules in the past so I can only assume there is no real line in the sand. It is a win or margin call mentality.


38% return in 1 year trading while risking an undefined amount (possibly the entire account) isn't so hot.

If Viper is going to continue to use a grid and earn my business he needs to give me a clearly defined point at which he will stop gridding and take a loss in order to avoid a complete meltdown.

Note: Viper users please do not attack me for asking for clarity. It is my investment money and I deserve to have my questions addressed.
Title: Re: FX Viper
Post by: kjen17 on May 14, 2014, 06:36:34 PM
You are correct. It should also be noted that if your leverage is low (100:1 or less) you can hit a MC much faster than Vipers will. Less leverage = less trading capital, which should not be a problem unless Viper goes on another grids gone wild spree.

So when the grid is deployed at what point does Viper pull the plug!? That is the questions that worries the piss out of me. I like to know what I stand to lose in case things get ugly.



I think its been stated above that 15% DD would be the point at which Viper might accept a loss. He has proven already though that he is very skilful at getting out of DD and your phrase "wild spree" does not do him any justice at all. If that's not enough for you then probably best not to join & use a system that has hard stops & no averaging of positions.

He has broken his max DD rules in the past so I can only assume there is no real line in the sand. It is a win or margin call mentality.


38% return in 1 year trading while risking an undefined amount (possibly the entire account) isn't so hot.

If Viper is going to continue to use a grid and earn my business he needs to give me a clearly defined point at which he will stop gridding and take a loss in order to avoid a complete meltdown.


This is not an attack, but you clearly do not trust the signal as it has been presented or that DD will remain within a certain amount. Viper certainly does not need to earn anyone's business given the amount he is trading, so your answer is quite clear - try something you are happier with
Title: Re: FX Viper
Post by: Steve Cole on May 14, 2014, 06:48:28 PM
You are correct. It should also be noted that if your leverage is low (100:1 or less) you can hit a MC much faster than Vipers will. Less leverage = less trading capital, which should not be a problem unless Viper goes on another grids gone wild spree.

So when the grid is deployed at what point does Viper pull the plug!? That is the questions that worries the piss out of me. I like to know what I stand to lose in case things get ugly.



I think its been stated above that 15% DD would be the point at which Viper might accept a loss. He has proven already though that he is very skilful at getting out of DD and your phrase "wild spree" does not do him any justice at all. If that's not enough for you then probably best not to join & use a system that has hard stops & no averaging of positions.

I was attracted to Viper coming across his stats on FPA. The description states "FX Viper is a manually traded scalping strategy."
Viper starts with a small innocent looking trade and then turns into a full blown grid with no defined equity DD limit. This means you are risking all of your trading capital. I know most of you will say he will take a loss at some point, but when?

He has broken his max DD rules in the past so I can only assume there is no real line in the sand. It is a win or margin call mentality.


38% return in 1 year trading while risking an undefined amount (possibly the entire account) isn't so hot.

If Viper is going to continue to use a grid and earn my business he needs to give me a clearly defined point at which he will stop gridding and take a loss in order to avoid a complete meltdown.

Note: Viper users please do not attack me for asking for clarity. It is my investment money and I deserve to have my questions addressed.



"If Viper is going to continue to use a grid and earn my business he needs to give me a clearly defined point at which he will stop gridding and take a loss in order to avoid a complete meltdown."

Fisrt, I do not use Viper or Trusted but you seem to be living in a small world. Viper or for that matter neither does any other vendor need to give you anything at all.

A fool can see reading this thread that the people who like the trading of Viper and Trusted far exceed those who do not like it, such as yourself . That is even if your member and from reading your few current posting since our a new member I doubt you are.

So why spend your time beating a dead horse? I am almost sure Viper is not going to change anything just for you that as not been mention here already, hate to break your heart, but if you don’t join what lose is there? There will be 2 more ready right behind you so why all the fuss? Lets not forget Trusted has a $ 1,000,000. million + account so I doubt he would even give you the time of day, since reading Jeff post Trustedfx never wanted to does this in the first place, Jeff talked him into it, or maybe I am wrong.?

I mean its not like this issue you keep reading and posting about has not been address over 20 X already , Some users even posted from what I just read here in the Viper thread the TrustedFX matrix for his Stop lose, so are you a Trusted member since you got your written rule?

Get real , why do you not just join of of those pretty talking other vendors that tell you what you want to hear as a newbie , because that’s what you sound like and then if you lucky they will give you a gift like 90% of them have done in less then ne year after joining Donna and blowing up user accounts, I mean they write and talk pretty , and they even give you a gift which is surprise account blow ups, and as a extra gift they will come back and offer you some great sounding “ I am sorry I will not do it again” I learned my lesson excuse and ask you to join again,

Other then that, why not join someone else instead of beating a dead horse? Or even looking to join the service to begin with if it’s such an issue for you something seems wrong here with you. No one asked to be held by the hand so why do you keep pounding the same issue day after day? I mean you do not really think guys with 100K and also 1,000,000 +million dollar account are going to worry about subscription fees do you?

PS; I love those of you that come after that fact and make prefect trade calls, after the fact , give us some history , put your ass on the line in public so we all can see have great your stop loses are and how great your own trading skill are, what a joke some of the BS I read here. I guess just about everyone took the “hook line and sinker” with the Robin EA and with its great backtesting , forward testing and WSC, and the ever funny Walk forward engine and so on and so on, and lets not forget the very tight stop lose you keep looking for,

Gee did I miss something? Last time I checked that EA NEVER ONCE made money never once recovered from the loses, so much for the tight stop and those fancy back testing,

All in all who cares? You either join or you don’t, its that simple, but this BS with the same question over and over is childless, and let not forgot with an account that as of today as yet to blow up ,if it ever does, unlike so many here.

Give it a break


Title: Re: FX Viper
Post by: Riptide on May 14, 2014, 07:08:27 PM
Looks like Hero Member Steve Cole really put this noob in his place.

Thanks for the We Don't Need Your Business attitude.


It is clear this thread is NOT as open and welcoming as I thought.



Title: Re: FX Viper
Post by: ultracat on May 14, 2014, 07:29:32 PM
If you care at what level viper pulls the plug then subscribe to the signal and set your own equity hard stop using the simpletrader platform.  I have mine set at 15%.

Also it is generally good when traders tell their customers their trade plan and rules but a the end of the day it doesn't mean much when you are paying for discretionary trading.  Discretionary trading is......discretionary.
Title: Re: FX Viper
Post by: Riptide on May 14, 2014, 07:41:35 PM
If you care at what level viper pulls the plug then subscribe to the signal and set your own equity hard stop using the simpletrader platform.  I have mine set at 15%.

Also it is generally good when traders tell their customers their trade plan and rules but a the end of the day it doesn't mean much when you are paying for discretionary trading.  Discretionary trading is......discretionary.

That is a good idea and thank you for the helpful attitude.

I don't think Viper will hit 15% DD very often using risk 1.
Title: Re: FX Viper
Post by: Steve Cole on May 14, 2014, 08:06:44 PM
Looks like Hero Member Steve Cole really put this noob in his place.

Thanks for the We Don't Need Your Business attitude.


It is clear this thread is NOT as open and welcoming as I thought.



At least hopefully you stop asking the same question over and over again, and its not about "We Don’t Need Your Business attitude," its about real life, real trading,in real time, something that many here seem to have a big problem with, so you either join or you don’t, its that simple, its also as simple as either the Viper account blows up or it does not, but your consent complaining is and was becoming taxing. 

PS” as for the “hero member” it means nothing at all to me, 90% of the time all posting on this forum just  keep beating on with the same subject over and over again, many like yourself , if keep posting the same question as you have been and you too will be a “hero member”

Now if you want it sugar coated you going to have a hard time here.


It does not matter what you or any other user thinks may or may not happen, there is no control of this issue, the only question you need ask yourself is do I at least trust the provider to win more then lose? and does the provider have a large enough account to feel pain if it blows up? then you make up your mind , if Viper says 12% and he goes to 15% what then?

I like to know how many Viper users left the service when the 10% rule was broken by 3% to a max of 13% and the trades worked out, and what percentage of them came right back and rejoined , I bet Nick knows the figure, I would make a bet over 75% of them cam e back, getting way of subject here , but like you many are looking for "certainty" in a vestment vehicle
 ( Forex) which does not exist maybe only for the few with 1,000,000 million dollar accounts, the rest are lucky to be in the same business after 4 years,  prefect example take a look how many members here jump from thread to thread looking for the next holy grail  , and look at the date they joined, a little back tracking and many sold all their EA said they left FX forever and now back again in signal area or back to the new EA in a pray and hope mode that they some how in this time.

Nothing changes 
Title: Re: FX Viper
Post by: grgr on May 14, 2014, 10:46:04 PM
prefect example take a look how many members here jump from thread to thread looking for the next holy grail  , and look at the date they joined, a little back tracking and many sold all their EA said they left FX forever and now back again in signal area or back to the new EA in a pray and hope mode that they some how in this time.

Nothing changes 


Oh well. If not those guys i guess it would be very hard out here. I do monitor some ea's, but really not sure if i would like to put my money on risk with them.. however, the way you said it - like in a casino, but you bet on EA/signal not on red/black - you win, you want more - you lose, you want recover losses and play again.
Title: Re: FX Viper
Post by: ForexSignals.com on May 15, 2014, 11:56:57 AM
Quote
Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.

Wisest words spoken today.  I'm a sub and like everyone I love it when things are going well.  But one of these days it wont turn around.  Nothing to do with being a good trader or even a lucky one.  Its just the market. Time to dial back the risk big time.  Also not necessary for Viper to put SL in place. He can keep the levels in his head so broker wont be aware. just close when apropriate

Averaging into positions is an essential element of the overall strategy.

If price moves against him and he still believes in the fundamental direction of the move then it makes sense to fire another bullet and move his average price closer. He'll keep firing bullets until the reason behind the original move changes.

This happened in November last year. He was heavily short USDCAD, however the pair kept rocketing north. He eventually hedged, added, removed, hedged some more and flipped the position around until he was net long and got out without a scratch.

I appreciate it's hard to watch a basket of positions all heading in one direction while the pair is moving the opposite way, but I believe he's shown through the example above that he's capable of admitting when he's wrong and working his way out of it.

Title: Re: FX Viper
Post by: Riptide on May 15, 2014, 03:20:31 PM
Quote
Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.

Wisest words spoken today.  I'm a sub and like everyone I love it when things are going well.  But one of these days it wont turn around.  Nothing to do with being a good trader or even a lucky one.  Its just the market. Time to dial back the risk big time.  Also not necessary for Viper to put SL in place. He can keep the levels in his head so broker wont be aware. just close when apropriate

Averaging into positions is an essential element of the overall strategy.

If price moves against him and he still believes in the fundamental direction of the move then it makes sense to fire another bullet and move his average price closer. He'll keep firing bullets until the reason behind the original move changes.

This happened in November last year. He was heavily short USDCAD, however the pair kept rocketing north. He eventually hedged, added, removed, hedged some more and flipped the position around until he was net long and got out without a scratch.

I appreciate it's hard to watch a basket of positions all heading in one direction while the pair is moving the opposite way, but I believe he's shown through the example above that he's capable of admitting when he's wrong and working his way out of it.

I wasn't around in November when he was in high DD with the USDCAD. I did read most of this thread and it is great he was able to get out of the drawdown over a period of time. I was requesting this service rethink the grid aspect and accept losses however based on most peoples reaction to my suggestions this service will remain grid based. After all I am just one investor and have very little sway on this forum and even less with Jeff the Viper trader. I would feel more at peace with some sort of max open DD limit but it seems I am alone on this one too. Maybe you could pass my suggestions/concerns on to Jeff and see what he says since you are close to him?

Thanks
Title: Re: FX Viper
Post by: nwboater on May 15, 2014, 05:11:16 PM
Quote
Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.

Wisest words spoken today.  I'm a sub and like everyone I love it when things are going well.  But one of these days it wont turn around.  Nothing to do with being a good trader or even a lucky one.  Its just the market. Time to dial back the risk big time.  Also not necessary for Viper to put SL in place. He can keep the levels in his head so broker wont be aware. just close when apropriate

Averaging into positions is an essential element of the overall strategy.

If price moves against him and he still believes in the fundamental direction of the move then it makes sense to fire another bullet and move his average price closer. He'll keep firing bullets until the reason behind the original move changes.

This happened in November last year. He was heavily short USDCAD, however the pair kept rocketing north. He eventually hedged, added, removed, hedged some more and flipped the position around until he was net long and got out without a scratch.

I appreciate it's hard to watch a basket of positions all heading in one direction while the pair is moving the opposite way, but I believe he's shown through the example above that he's capable of admitting when he's wrong and working his way out of it.

I wasn't around in November when he was in high DD with the USDCAD. I did read most of this thread and it is great he was able to get out of the drawdown over a period of time. I was requesting this service rethink the grid aspect and accept losses however based on most peoples reaction to my suggestions this service will remain grid based. After all I am just one investor and have very little sway on this forum and even less with Jeff the Viper trader. I would feel more at peace with some sort of max open DD limit but it seems I am alone on this one too. Maybe you could pass my suggestions/concerns on to Jeff and see what he says since you are close to him?

Thanks

I don't think you are clear on the concept of hiring a Signal Provider. They are the pro's, we are the amateurs. If we had all the answers and could trade better than them then we would be making a fortune manual trading ourselves.

I have seen more than one signal provider try to change his strategy at the request of subs. They end up bouncing around like a yo-yo and lose money. These guys have developed a strategy that works works for them. In many cases it has taken them years to become profitable. It just doesn't work for them to change at our behest.

So our job is to chose a trader whose style we feel comfortable with and who we think can earn us money. The traders job is to trade. Our life is much simpler and happier if we don't try to mix the two.

Good luck!

Cheers,
Rod
Title: Re: FX Viper
Post by: ultracat on May 15, 2014, 08:01:59 PM
I agree with you Rod.

Riptide, if you haven't watched it yet please meet Jeff:

https://www.youtube.com/watch?feature=player_embedded&v=3053JTbcfv8 (https://www.youtube.com/watch?feature=player_embedded&v=3053JTbcfv8)

Then you can think about if you are in a position to give him advice how to run his trading.  Personally, I am happy to pay for his signals.  The only interference I do is what I recommended before, which is to use the signal interface to set my own hard stop on any equity loss.  Other than that, I leave my money in Jeff's hands.

Also regarding grids...IMHO they get a bad rap.  It's true that forex newbies should either not use grids or use them with extreme caution.  This is because most people who start out using grids don't understand them, don't understand their limitations, and really just use them as a get rich quick scheme that quickly turns into a get poor fast scheme.  However at the end of the day a grid is just a technique, one of many, that if used appropriately in the appropriate circumstance is a fantastic trading tool.   In this market for the last 2 years or so, grid is my most profitable trading strategy but you have to monitor your grid trading and you have to be comfortable interevening and taking losses.  Hold and pray + grid = margin call...only a matter of time.  But a well placed grid can really maximize returns in a given pip span. 
Title: Re: FX Viper
Post by: primi on May 16, 2014, 10:37:01 PM
I would just like to add that his grid trading is rarely a classical grid where you add positions and then also keep them all until you can exit at BE or some kind of profit (or even a loss). He usually scalps with those additional trades and treats them as individual trades and closes them individually for some kind of profit. But when they go all against him he keeps them all.
Title: Re: FX Viper
Post by: forexbaby on May 17, 2014, 02:53:28 PM
Quote
Get real everyone. He formed a grid and it retraced. That doesn't make him a master trader.


I don't think it is wise to go above 2X risk with this signal service. The drawdown gets way high at 3X.


Jeff, you need to stop using a grid and start using a SL. It is OK to have losing trades. You are jeopardizing your PAMM accounts (they run at 3X) by placing way to many recovery trades all because you won't accept a loss.

Don't hate on me because I call it like I see it. It is my just my opinion. I would strongly consider joining Viper if he stopped gridding everything into high drawdown.

Wisest words spoken today.  I'm a sub and like everyone I love it when things are going well.  But one of these days it wont turn around.  Nothing to do with being a good trader or even a lucky one.  Its just the market. Time to dial back the risk big time.  Also not necessary for Viper to put SL in place. He can keep the levels in his head so broker wont be aware. just close when apropriate

Averaging into positions is an essential element of the overall strategy.

If price moves against him and he still believes in the fundamental direction of the move then it makes sense to fire another bullet and move his average price closer. He'll keep firing bullets until the reason behind the original move changes.

This happened in November last year. He was heavily short USDCAD, however the pair kept rocketing north. He eventually hedged, added, removed, hedged some more and flipped the position around until he was net long and got out without a scratch.

I appreciate it's hard to watch a basket of positions all heading in one direction while the pair is moving the opposite way, but I believe he's shown through the example above that he's capable of admitting when he's wrong and working his way out of it.

I wasn't around in November when he was in high DD with the USDCAD. I did read most of this thread and it is great he was able to get out of the drawdown over a period of time. I was requesting this service rethink the grid aspect and accept losses however based on most peoples reaction to my suggestions this service will remain grid based. After all I am just one investor and have very little sway on this forum and even less with Jeff the Viper trader. I would feel more at peace with some sort of max open DD limit but it seems I am alone on this one too. Maybe you could pass my suggestions/concerns on to Jeff and see what he says since you are close to him?

Thanks

viper did inform, do a max risk 3 and a leverage of 100:1 so you can take that as the max risk. Do note high risk means, higher dd.
Title: Re: FX Viper
Post by: kmf on May 19, 2014, 12:24:03 PM
I received an email from FXPig about "DMA Server Migration", and that I must close all positions by May 27th, or the system will close all my remaining open or pending orders. All 3 of Vipers trades are in DD as of this moment, so I don't want to close them and take the loss. Anyone with any idea of how I can handle this?

Thanks,
Kevin
Title: Re: FX Viper
Post by: jubal on May 19, 2014, 12:40:10 PM
Closing the trades isnt really a big deal. Just reopen the same trades at same lot size at current prices.  So if price moves our way we will just be reducing DD whilst you will be gaining pips. And if Viper closes our trades at breakeven for example you would be around +200 pips, which would cover your loss. In theory the only issue is your commission which you would end up paying twice for.  It can work ok, but the downside is you would need to manage the new open trades yourself. I'm sure if you stayed in contact with Jeff he would keep you well informed to do this
Title: Re: FX Viper
Post by: kmf on May 19, 2014, 01:10:11 PM
Closing the trades isnt really a big deal. Just reopen the same trades at same lot size at current prices.  So if price moves our way we will just be reducing DD whilst you will be gaining pips. And if Viper closes our trades at breakeven for example you would be around +200 pips, which would cover your loss. In theory the only issue is your commission which you would end up paying twice for.  It can work ok, but the downside is you would need to manage the new open trades yourself. I'm sure if you stayed in contact with Jeff he would keep you well informed to do this

Thanks so much jubal for your answer. Sounds pretty good to me.
Title: Re: FX Viper
Post by: Okda on May 19, 2014, 01:35:50 PM
You will need to be monitoring Viper page every few minutes to know when he will close them since you will managing those trades yourself manually

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: jshear on May 19, 2014, 01:38:14 PM
Hi everyone I have posted a solution for members who moved from FXDD this weekend to FXCM. Please put a TP at 10 pips and if needed I will post any updates. You will get any new trades and these will be controlled proper. You don't need to monitor your trades every hour just check here on Donna Forex  or on Forex Signals web sites for updates.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: Tempestshade on May 19, 2014, 01:45:45 PM
I received an email from FXPig about "DMA Server Migration", and that I must close all positions by May 27th, or the system will close all my remaining open or pending orders. All 3 of Vipers trades are in DD as of this moment, so I don't want to close them and take the loss. Anyone with any idea of how I can handle this?

Thanks,
Kevin

Before you re-open the trades manually, try attaching the simpletrader EA on your account - it may reopen the trades because your account will have no history of the magic numbers. Just a guess, but it is worth trying and having them managed properly.
Title: Re: FX Viper
Post by: kmf on May 19, 2014, 05:51:11 PM
I received an email from FXPig about "DMA Server Migration", and that I must close all positions by May 27th, or the system will close all my remaining open or pending orders. All 3 of Vipers trades are in DD as of this moment, so I don't want to close them and take the loss. Anyone with any idea of how I can handle this?

Thanks,
Kevin

Before you re-open the trades manually, try attaching the simpletrader EA on your account - it may reopen the trades because your account will have no history of the magic numbers. Just a guess, but it is worth trying and having them managed properly.

I tried that at first but the trades weren't pick up again by the trade copier as the history was transferred over. FXPig support said they could give me a whole new account and this should fix the problem. It did, and now the trades have been reopened by the trade copier, but unfortunately I had to take around a $700 loss in the process.

Kevin
Title: Re: FX Viper
Post by: coastie on May 20, 2014, 10:31:25 PM
G'day all,
 I am new here and need guidance on where to start.
 From what I have read here and in other forums FX Viper seems very genuine and caring to others which is rare in this game.
 I am from Australia and I am interested in getting started. Can someone advise me where I need to go and what to do to get started trading with FX Viper.
 best broker etc.
 FX Viper, thank you in advance.
 Cheers
Title: Re: FX Viper
Post by: jshear on May 20, 2014, 10:50:21 PM
Hi to sign up to my signals please go to:

http://www.forexsignals.com/forex-signal/633/FX-Viper.html (http://www.forexsignals.com/forex-signal/633/FX-Viper.html)


Good luck and welcome.

Cheers

Jeff ;)
Title: Re: FX Viper
Post by: pipmenow on May 20, 2014, 11:39:50 PM
Hi everyone I have posted a solution for members who moved from FXDD this weekend to FXCM. Please put a TP at 10 pips and if needed I will post any updates. You will get any new trades and these will be controlled proper. You don't need to monitor your trades every hour just check here on Donna Forex  or on Forex Signals web sites for updates.


Cheers

Jeff ;)

I am going to miss FXDD. It was the best choice, in my opinion, for those in the USA. I haven't started up my FXCM account yet. What was the issue with the trades? I looked around and was not able to find any comments. Thanks.
Title: Re: FX Viper
Post by: HFT Group on May 24, 2014, 01:32:37 AM
Nice results for Viper MAMMs this week.........

IC Markets MAMM: +58 pips for +1.94%

AxiTrader MAMM: +59.7 pips for +1.98%
Title: Re: FX Viper
Post by: forex4life on May 24, 2014, 02:55:23 AM
Hmmm
And -170 pips floatting... If you don't take floatting into consideration, so many good signals... :)
I want to say "easy" take into consideration only the banked pips and not the floatting.

Sincerly trading is NOT SO GOOD (open trade; TP 4-6 pips; if cannot, hold, and manage professionally).

MM is excellent (entry is low risk, averaging but we could say scaling in)

History proved they are true pros with MM and managing trades.

But sorry to say, trades are not that good. But yes, profitable, so overall, good...

Too bad we don't have good trader AND good MM... :)

Still one of the best available, yes...!
Title: Re: FX Viper
Post by: Riptide on May 24, 2014, 05:39:58 AM
Hmmm
And -170 pips floatting... If you don't take floatting into consideration, so many good signals... :)
I want to say "easy" take into consideration only the banked pips and not the floatting.

Sincerly trading is NOT SO GOOD (open trade; TP 4-6 pips; if cannot, hold, and manage professionally).

MM is excellent (entry is low risk, averaging but we could say scaling in)

History proved they are true pros with MM and managing trades.

But sorry to say, trades are not that good. But yes, profitable, so overall, good...

Too bad we don't have good trader AND good MM... :)

Still one of the best available, yes...!

Even with the floating open drawdown the IC Markets MAM is still positive about 2% for the month of May.

I wouldn't call that "Ferrari" performance, but is still beats the bank.

It would be nice to have a higher ROI with the amount of risk the MAM's are running.
Title: Re: FX Viper
Post by: HFT Group on May 24, 2014, 09:47:12 AM
Hmmm
And -170 pips floatting... If you don't take floatting into consideration, so many good signals... :)
I want to say "easy" take into consideration only the banked pips and not the floatting.

Sincerly trading is NOT SO GOOD (open trade; TP 4-6 pips; if cannot, hold, and manage professionally).

MM is excellent (entry is low risk, averaging but we could say scaling in)

History proved they are true pros with MM and managing trades.

But sorry to say, trades are not that good. But yes, profitable, so overall, good...

Too bad we don't have good trader AND good MM... :)

Still one of the best available, yes...!

Even with the floating open drawdown the IC Markets MAM is still positive about 2% for the month of May.

I wouldn't call that "Ferrari" performance, but is still beats the bank.

It would be nice to have a higher ROI with the amount of risk the MAM's are running.

ICM MAMM bagged +10.33% for me in April, that's not a decent ROI?

I have been in ICM MAMM since April 1st. Have made 423 pips for a +19.23% return and $2.5K profit after performance fees. Account is currently -163 pips for -7.84% for -$1151 in open trades.

260 pips for 11.39% gain and $1349 profit after less than 2 months.......I can live with that ROI thank you kindly :)
Title: Re: FX Viper
Post by: jshear on May 24, 2014, 07:36:34 PM
The FX Viper MAMM at AXI in my profile has been deleted and re added. The monthly figures have now updated properly. Anyone following the old link should re follow the new link. The Jonpearce one is exactly the same and his link can be followed too. Thanks for pointing out the Myfxbook errors.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: petermatt on May 29, 2014, 05:11:54 AM
In trying to understand the quite big difference in pips earned yesterday/today between my account and the Master account I compared that account with mine (Axi Pro), Nicks ICM account, and both ICM and Axi PAMM accounts. Apart from the difference in pips I have highlighted the time taken to both Open some of the trades and also Close some of the trades. The odd thing is that on both Nick's ICM account and my Axi account the time delay is identical in each case but no such delay exists in either PAMM account. Given that I am using CNS VPS and I assume Nick is using his own VPS I would be interested in anyone's opinion as to what may be the cause of the identical delay and results across the 2 non PAMM accounts and Nick's and my account.
Title: Re: FX Viper
Post by: kjen17 on May 29, 2014, 07:49:17 AM
there were problems with ST servers due to overload, details on their forum.
Title: Re: FX Viper
Post by: ForexSignals.com on May 29, 2014, 08:32:54 AM
In trying to understand the quite big difference in pips earned yesterday/today between my account and the Master account I compared that account with mine (Axi Pro), Nicks ICM account, and both ICM and Axi PAMM accounts. Apart from the difference in pips I have highlighted the time taken to both Open some of the trades and also Close some of the trades. The odd thing is that on both Nick's ICM account and my Axi account the time delay is identical in each case but no such delay exists in either PAMM account. Given that I am using CNS VPS and I assume Nick is using his own VPS I would be interested in anyone's opinion as to what may be the cause of the identical delay and results across the 2 non PAMM accounts and Nick's and my account.

Hi Peter,

That was due to our servers being overloaded.

We have upgrades ready, however they can't be installed until the weekend because we need to take the copier servers offline to complete the upgrade.

In the meantime we've done some internal re-configuring that should improve performance over the next 48hrs until the upgrade is complete.
Title: Re: FX Viper
Post by: petermatt on May 29, 2014, 08:33:16 AM
there were problems with ST servers due to overload, details on their forum.

Thank you for letting me know.

Peter
Title: Re: FX Viper
Post by: forex4life on May 29, 2014, 09:39:22 AM
In trying to understand the quite big difference in pips earned yesterday/today between my account and the Master account I compared that account with mine (Axi Pro), Nicks ICM account, and both ICM and Axi PAMM accounts. Apart from the difference in pips I have highlighted the time taken to both Open some of the trades and also Close some of the trades. The odd thing is that on both Nick's ICM account and my Axi account the time delay is identical in each case but no such delay exists in either PAMM account. Given that I am using CNS VPS and I assume Nick is using his own VPS I would be interested in anyone's opinion as to what may be the cause of the identical delay and results across the 2 non PAMM accounts and Nick's and my account.

Hi Peter,

That was due to our servers being overloaded.

We have upgrades ready, however they can't be installed until the weekend because we need to take the copier servers offline to complete the upgrade.

In the meantime we've done some internal re-configuring that should improve performance over the next 48hrs until the upgrade is complete.

Oh, like Axi, you wait your server are overloaded for upgrading...
Not very nice from pros like you.
I hope now you will monitor more closely to prevent this...
Thanks
Title: Re: FX Viper
Post by: ForexSignals.com on May 29, 2014, 01:28:32 PM
Oh, like Axi, you wait your server are overloaded for upgrading...
Not very nice from pros like you.
I hope now you will monitor more closely to prevent this...
Thanks

We monitor our servers incredibly closely. Another signal provider has added 500+ connections in the space of the past week unexpectedly and we can only upgrade our servers when the market is closed.

We stopped accepting subscribers on all signals earlier today in an attempt to safeguard your accounts, this strategy is costing us money. Hopefully you can appreciate that occasionally these things happen, however we're doing everything we can to keep everyone stable and online.



Title: Re: FX Viper
Post by: Okda on May 29, 2014, 02:16:44 PM
may we know the provider name please ?
Title: Re: FX Viper
Post by: cyberryder on May 29, 2014, 02:27:16 PM

Oh, like Axi, you wait your server are overloaded for upgrading...
Not very nice from pros like you.
I hope now you will monitor more closely to prevent this...
Thanks

We monitor our servers incredibly closely. Another signal provider has added 500+ connections in the space of the past week unexpectedly and we can only upgrade our servers when the market is closed.

We stopped accepting subscribers on all signals earlier today in an attempt to safeguard your accounts, this strategy is costing us money. Hopefully you can appreciate that occasionally these things happen, however we're doing everything we can to keep everyone stable and online.
Monitoring means you are reactive. Managing would mean you're proactive. No serious business in the world can survive without a plan on how to add capacity on the fly to cover demand spikes. Its only a matter of costs and how much you can invoice back for this SLA.

You are not better than Axi, means you're a NO-GO.
Title: Re: FX Viper
Post by: kookoo on May 29, 2014, 02:34:41 PM
yes 500 new connections at 15$ each a month, I can see how much money you are losing..... whilst signal providers cant take on new clients because of this problem...  anywazy this is the wrong thread.
Title: Re: FX Viper
Post by: SubZeroFX on May 29, 2014, 04:46:09 PM
Monitoring means you are reactive. Managing would mean you're proactive. No serious business in the world can survive without a plan on how to add capacity on the fly to cover demand spikes. Its only a matter of costs and how much you can invoice back for this SLA.

You are not better than Axi, means you're a NO-GO.

We are managing current situation, not just monitoring. We are not a brokerage company so please stop compering us to Axi. This is not just a matter of 500 new connections. It's much more complex problem but we already have plans (which will be implemented on weekend) on fixing the whole issue so it won't happen again. Right now we are also doing tests to make sure everything will be OK.

We are constantly improving our services to provide the best copier/signals platform.
Title: Re: FX Viper
Post by: Tempestshade on May 29, 2014, 04:53:03 PM
Monitoring means you are reactive. Managing would mean you're proactive. No serious business in the world can survive without a plan on how to add capacity on the fly to cover demand spikes. Its only a matter of costs and how much you can invoice back for this SLA.

You are not better than Axi, means you're a NO-GO.

We are managing current situation, not just monitoring. We are not a brokerage company so please stop compering us to Axi. This is not just a matter of 500 new connections. It's much more complex problem but we already have plans (which will be implemented on weekend) on fixing the whole issue so it won't happen again. Right now we are also doing tests to make sure everything will be OK.

We are constantly improving our services to provide the best copier/signals platform.

Yes, I don't understand the hate. There was a surge in new connections way out of the norm of their averages to date and expected growth. Unfortunately it overloaded there servers but their is not much they can do while the markets are open.

Cheers,
David
Title: Re: FX Viper
Post by: Tyler on May 29, 2014, 04:57:39 PM
usual haters
Monitoring means you are reactive. Managing would mean you're proactive. No serious business in the world can survive without a plan on how to add capacity on the fly to cover demand spikes. Its only a matter of costs and how much you can invoice back for this SLA.

You are not better than Axi, means you're a NO-GO.

We are managing current situation, not just monitoring. We are not a brokerage company so please stop compering us to Axi. This is not just a matter of 500 new connections. It's much more complex problem but we already have plans (which will be implemented on weekend) on fixing the whole issue so it won't happen again. Right now we are also doing tests to make sure everything will be OK.

We are constantly improving our services to provide the best copier/signals platform.

Yes, I don't understand the hate. There was a surge in new connections way out of the norm of their averages to date and expected growth. Unfortunately it overloaded there servers but there is not much they can do while the markets are open.

Cheers,
David
Title: Re: FX Viper
Post by: nwboater on May 29, 2014, 05:06:08 PM
usual haters
Monitoring means you are reactive. Managing would mean you're proactive. No serious business in the world can survive without a plan on how to add capacity on the fly to cover demand spikes. Its only a matter of costs and how much you can invoice back for this SLA.

You are not better than Axi, means you're a NO-GO.

We are managing current situation, not just monitoring. We are not a brokerage company so please stop compering us to Axi. This is not just a matter of 500 new connections. It's much more complex problem but we already have plans (which will be implemented on weekend) on fixing the whole issue so it won't happen again. Right now we are also doing tests to make sure everything will be OK.

We are constantly improving our services to provide the best copier/signals platform.

Yes, I don't understand the hate. There was a surge in new connections way out of the norm of their averages to date and expected growth. Unfortunately it overloaded there servers but there is not much they can do while the markets are open.

Cheers,
David

Anybody or any business can have an occasional problem. What is important to me is how they deal with the problelms. Thus far it appears that ST is doing what is necessary. I thank them for that.

BTW I am a very happy long term customer of theirs. I also don't understand some of the hate.

Cheers,
Rod
Title: Re: FX Viper
Post by: Okda on May 29, 2014, 05:28:29 PM
beside, the service was affected for a short period of time and it is now working fine
Title: Re: FX Viper
Post by: kookoo on May 29, 2014, 08:31:26 PM
Yes they are a good service and I believe this is the first hiccup they´ve had, being proactive is very important, and how they deal with customers when the small vociferous minority get going as well....  anyway back to topic. FxViper. the strategy makes me a little afraid thinking they may be caught the wrong side on a very large and fast trend. However until now being proved that they can get out of any trouble easily... maybe time to jump in!
Title: Re: FX Viper
Post by: ultracat on May 29, 2014, 08:53:14 PM
Just a quick note to say the service from Simpletrader / forexsignals.com has been excellent!  I have been with them for about a year now and even with this hiccup, they are excellent.  They're striving to be a trusted resource in a sea of scams and so far I think they are doing a great job!

Re: Viper, same thing, a very good signal provider.  Yes, Jeff uses averaging down but so do many, many pro traders.  Grids that get in trouble load up on a lot of positions within a short time / pip span.  The trick to combining a grid recovery technique with good manual trading is to use it sparingly and within a limit, which is exactly what Jeff has been consistently doing.  If your grid is based on only a few key levels at very high timeframes, you will not blow the account or even come close.  Also don't forget, you can always set your own hard SL in Simpletrader platform if you want, and that negates the risk of averaging down to infinity and losing your account over it if the signal provider goes haywire.
Title: Re: FX Viper
Post by: ForexSignals.com on May 30, 2014, 12:12:09 AM
Thanks for the support guys.

I've been away from this forum for too long. I'd forgotten how frustrating comments on here can be!

Just on Viper - Try not to worry too much about the extended drawdowns of the past few months. It's been a rough period, but nothing he hasn't been through before. No trading strategy is infallible, these negative periods are just part of the aggressive nature of what we're doing here.

Our equity will be back over the high watermark soon.



Title: Re: FX Viper
Post by: kmf on June 15, 2014, 05:14:15 PM
Hello,

I think I remember seeing a post somewhere where someone figured out which would be more profitable and cost effective for a $10,000 US account, the signal trade copier, or the MAM. Could you guys please give me your thoughts on this?

Thanks,
Kevin
Title: Re: FX Viper
Post by: cyberryder on June 15, 2014, 05:40:53 PM
Hello,

I think I remember seeing a post somewhere where someone figured out which would be more profitable and cost effective for a $10,000 US account, the signal trade copier, or the MAM. Could you guys please give me your thoughts on this?

Thanks,
Kevin
My breakeven calculation:

You have costs of 140USD Signal + 50USD VPS = 190 USD
You need 600 USD profit on the MAM to pay the same fee
For 600 USD profit with an avg 10%/month gain you need 6k in your account.

So everyone with an account >6k is paying higher fees through the MAM than with the signal, while having reduced risk of
- only paying based on high-watermark
- don't having to care about VPS, connection, slippage, broker ect.

End of the story: Greed always wins. They startet this signal at a lower monthly fee, now we are at 140USD/months. I expect them to further raise it so that one day signal will be no more attractive and all will be forced into the MAM, where they can make more money. Just my expectation, but i hope they don't.
Title: Re: FX Viper
Post by: jubal on June 15, 2014, 06:04:13 PM
Quote
End of the story: Greed always wins. They startet this signal at a very low monthly fee, now we are at 140USD/months. I expect them to further raise it so that one day signal will be no more attractive and all will be forced into the MAM, where they can make more money. Just my expectation, but i hope they don't.

But why would this be the case.  The price rises are only for new customers. Anyone starting on a lower monthly sub stays on that price, forever.  As the signal becomes more successful its only right that it should cost newer clients more. The "pioneer" members took the initial risks so deserve to say on lower fees. 
Title: Re: FX Viper
Post by: cyberryder on June 15, 2014, 06:24:55 PM
The price rises are only for new customers. Anyone starting on a lower monthly sub stays on that price, forever.  As the signal becomes more successful its only right that it should cost newer clients more. The "pioneer" members took the initial risks so deserve to say on lower fees.
yes only for new members of course. Just always trying to see the whole picture.

I simply don't like this pricing model, because i don't like to buy under pression. Sometimes I first feel it's too risky, later it's then too costly, at the end of the day i don't buy, but i have a bad feeling  to have missed some thing :(
Title: Re: FX Viper
Post by: Okda on June 15, 2014, 06:32:26 PM
Honestly raising it from 99 to 139 is not that much of increase IMHO
I was thinking they will double it or more

Sent from my GT-N7000 using Tapatalk

Title: Re: FX Viper
Post by: timo on June 15, 2014, 07:06:09 PM
Yep, signal price is almost irrelevant compared to slippage.

Once you have an account balance that makes it worth trading the signal instead of the MAMM, then slippage is the maker or the breaker.

Slippage can be the difference between getting the same return as the master or ~50% of it.

And thats why the SimpleTrader team are so awesome, as they are constantly making upgrades to improve slippage and speed up the network :)
Title: Re: FX Viper
Post by: cyberryder on June 15, 2014, 07:43:59 PM
And thats why the SimpleTrader team are so awesome, as they are constantly making upgrades to improve slippage and speed up the network :)
SimpleTrader team work on the backend to make it faster, but i don't get why they don't work on the most obvious thing:
Simpletrader has their copier servers in the UK and there is a big chance to make a difference re slippage: They could move it into NY4, at least to the east coast as i heard NY4 hosting is expensive. Instead they repeat over and over again to buy a ST VPS to reduce slippage.

Today the setup is as following
VIPER NY4 -80ms-> simpletrader UK -80ms-> Beeks NY4 -> Broker with LP within NY4
so every trader with it's VPS + Broker + LP within NY4 is loosing additional 160ms latency on top of MT4 execution.

Example with Simpletrader VPS, i don't see much value re latency reduction
VIPER NY4 -80ms-> simpletrader UK -1ms-> simpletrader VPS UK -80ms> Broker with LP within NY4

The only real value re latency reduction would come in, if they move at least one copier server to NY4. So that we would have
VIPER NY4 -1ms-> simpletrader NY4 -1ms-> Beeks NY4 -1ms-> Broker with LP within NY4

i'm not counting in the 40ms latency from Vipers trading desk in Canada to NY4 as well as the processing time within MT4 here, as we can't get rid of this.

It's not said that trading will be better with reducing those 160ms latency or we would have less slippage, but the chances are not bad i think.
Title: Re: FX Viper
Post by: cyberryder on June 15, 2014, 07:59:51 PM
Honestly raising it from 99 to 139 is not that much of increase IMHO
I was thinking they will double it or more
well it's still 40% increase, but talking nominal numbers it's still quite achievable for most i think. Will see how it goes further.
Title: Re: FX Viper
Post by: kmf on June 15, 2014, 09:20:02 PM
Thanks everyone for your answers..So it seems like for a 10K account it is more cost effective and profitable to go with the trade copier signal. However, it appears the slippage is way less with the MAM, so the signal is losing pips that the MAM would have received. Is this correct?

Kevin
Title: Re: FX Viper
Post by: timo on June 15, 2014, 09:34:19 PM
Thanks everyone for your answers..So it seems like for a 10K account it is more cost effective and profitable to go with the trade copier signal. However, it appears the slippage is way less with the MAM, so the signal is losing pips that the MAM would have received. Is this correct?

Kevin

That sounds correct.

The MAMM should get the same fills and slippage as the master. So the results would be very close, if not identical.

With the signal, you can expect anywhere from 0% - 50% slippage. When there were less subs, and ST weren't having server issues, I was getting around -10% slippage on average. Thats with ICMarkets and ST VPS. This is within my expectations of around 10%.

However during the last month when the ST servers were overloaded, I was seeing around 15-25% slippage on average. This is OK for a short period, but if you were getting any worse than 10% for an extended period of time you would be seriously considering your options.
Title: Re: FX Viper
Post by: cyberryder on June 15, 2014, 09:42:36 PM
The MAMM should get the same fills and slippage as the master.
why is that? Viper is executing on Admiral Master, so which technology is he using for copying into the MAMM?
Title: Re: FX Viper
Post by: peeper on June 15, 2014, 09:49:29 PM
cyberryder,

ST do have severs in NY4 now. They already available on their website.
I don't think they changed what servers Viper and other signals are traded on though. Maybe we should all push for that to happen. No?
Title: Re: FX Viper
Post by: cyberryder on June 15, 2014, 09:58:46 PM
ST do have severs in NY4 now. They already available on their website.
i'm not talking about their VPS servers, but about their trade copier servers in the UK
Title: Re: FX Viper
Post by: ForexSignals.com on June 16, 2014, 11:24:02 AM
And thats why the SimpleTrader team are so awesome, as they are constantly making upgrades to improve slippage and speed up the network :)
SimpleTrader team work on the backend to make it faster, but i don't get why they don't work on the most obvious thing:
Simpletrader has their copier servers in the UK and there is a big chance to make a difference re slippage: They could move it into NY4, at least to the east coast as i heard NY4 hosting is expensive. Instead they repeat over and over again to buy a ST VPS to reduce slippage.

Today the setup is as following
VIPER NY4 -80ms-> simpletrader UK -80ms-> Beeks NY4 -> Broker with LP within NY4
so every trader with it's VPS + Broker + LP within NY4 is loosing additional 160ms latency on top of MT4 execution.

Example with Simpletrader VPS, i don't see much value re latency reduction
VIPER NY4 -80ms-> simpletrader UK -1ms-> simpletrader VPS UK -80ms> Broker with LP within NY4

The only real value re latency reduction would come in, if they move at least one copier server to NY4. So that we would have
VIPER NY4 -1ms-> simpletrader NY4 -1ms-> Beeks NY4 -1ms-> Broker with LP within NY4

i'm not counting in the 40ms latency from Vipers trading desk in Canada to NY4 as well as the processing time within MT4 here, as we can't get rid of this.

It's not said that trading will be better with reducing those 160ms latency or we would have less slippage, but the chances are not bad i think.

Hi Cyber,

Thanks for the positive feedback on the copier. There are a number of significant benefits to having our servers in the UK. I appreciate the concept that hiring servers and plugging them into our network to improve performance, or change location is simple enough, however unfortunately that's not the case. Please let me explain why we have no plans to move our servers anytime in the near future.

- There is over $30mil of live funds currently running through our network. With that kind of capital at stake the stability of the copier is absolutely paramount.

- In the early days of  SimpleTrader we  went through 4 different IT providers. The first two went offline for hours at a time without warning while the markets were open. The other (Amazon) were INCREDIBLY expensive with a very confusing pricing structure and no personalized support. We're now with a very reliable provider that has provided us with 100% up time and great support. An added advantage is that Will is within driving distance to the data centre. So if there is a major issue, he can attend to our physical hardware personally.

- In addition to the points above, it doesn't make business sense for us to move. I believe we've currently got the best trade copier solution in the market and people select us because of our service and reliability. Moving our infrastructure will be incredibly time consuming and expensive for zero return on investment.

I know it's not what you want to hear, however I'm being as upfront as I can.

We are always looking for ways to improve the execution of the copier, but moving the location of our hardware is not even on the radar.

Nick



 
Title: Re: FX Viper
Post by: cyberryder on June 16, 2014, 04:31:01 PM
Hi Nick, thanks for your transparent explanation. I can now see the benefit for us clients. Some possible reduction in slippage won't equal what you listed is at stake.

Very helpful!

Please go on with making videos. I especially liked your video with Viper. Being able to see how Jeff looks like, how he talks, how he lives, his trading desk, how he approaches  trading, gives me a quite good feeling i can't otherwise get out solely from looking at the numbers.
Title: Re: FX Viper
Post by: cyberryder on June 20, 2014, 04:47:11 AM
Hi Nick, can you pls modify your copier so that it only copies NEW trades? I still get Vipers trade copied, which was opened 1month ago! You can enable to enter trades later, but you should add a price filter of say +-10% then. Atm the only workaround is to reduce risk to 0.1, when starting with copying on a new account
Title: Re: FX Viper
Post by: primi on June 20, 2014, 07:39:28 AM
You are of course getting these trades at an insanely better price. What's not to like?
Title: Re: FX Viper
Post by: forex4life on June 20, 2014, 08:52:13 AM
Even if I disadvise, you can also close the trades, they won't reopen.
Title: Re: FX Viper
Post by: cyberryder on June 20, 2014, 02:16:03 PM
You are of course getting these trades at an insanely better price. What's not to like?
this is not a solution. It could also be the inverse.
Title: Re: FX Viper
Post by: cyberryder on June 20, 2014, 02:16:55 PM
Even if I disadvise, you can also close the trades, they won't reopen.
ah tnx! OK at least a 2nd workaround.
Title: Re: FX Viper
Post by: Tyler on June 20, 2014, 02:19:15 PM
if the master order is in gain the copier will not open any trades, that's why is always a good choice join a signal when there is some DD, right now is best moment to jump in Viper signal
You are of course getting these trades at an insanely better price. What's not to like?
this is not a solution. It could also be the inverse.
Title: Re: FX Viper
Post by: TradeNow on June 24, 2014, 03:25:03 PM
I am not talking about feelings. Using a signal implies 100% faith and no control over the trades made. You are absolut dependent of the trader. After years trading this is something i wouldnt want anymore. Hope its the real deal for you guys.

Br
Mark
Will leave topic now nuff said  ;)

Back again,

after watching jeffs trading the last weeks and the video again i decided to jump over my own shadow.  ;)
I never thought that i will subscribe to a signal again but here we are. jeff is realy doing fine and a nice guy.
6 month for now and all eas removed from my savings account. my plan is to grow my account with jeffs help in the next years. hope that this is not a bubble again and that i see my first million soon.  :)
Max dd was discussed and the historical dd was 13.81% right now. So setting max dd to 20% is a good idea for this signal or what are you guys using?

br
Mark
Title: Re: FX Viper
Post by: ultracat on June 24, 2014, 03:35:15 PM
I use risk 0.7 and max DD 15%.  20% seems reasonable at risk 1.
Title: Re: FX Viper
Post by: TradeNow on June 24, 2014, 03:48:18 PM
I use risk 0.7 and max DD 15%.  20% seems reasonable at risk 1.

thanks for answer. i am using risk 1 so i will set it to 20%.

best regards
Mark
Title: Re: FX Viper
Post by: cyberryder on June 24, 2014, 11:54:15 PM
I never thought that i will subscribe to a signal again but here we are. jeff is realy doing fine and a nice guy.
6 month for now and all eas removed from my savings account.
it is also very hard for me to jump on this bandwaggon as i see it exactly like you. However from all the signal providers i have seen and tested so far, the ones from forexsignals seem to have some sort of quality. Also i'm testing those now, because i'm running a bit out of options like you. Nearly all my commercial EAs i bought the last 2 years don't work anymore. As i work full time, i don't know what else to do.

I hope it will work out

p.s.: i like your avatar ;)
Title: Re: FX Viper
Post by: ultracat on June 25, 2014, 02:31:15 AM
I agree Viper and Trusted are quality signals.  It worries me a little though that some people are putting all or most of their money into one thing.  Maybe not here but there's a couple people on message boards I've seen saying they have 1/2 or all of their savings on Viper or Trusted right now.  I fully endorse them, Viper is the only signal I subscribe to currently and I'm extra careful with <1 risk and also a hard SL in place.  Let's hope the people who have a huge portion of their life savings in just one of them are at least using sensible risk and a SL.
Title: Re: FX Viper
Post by: peeper on June 25, 2014, 03:43:38 AM
Would anyone mind remind me what leverage is required to trade this signal at 3x the master acount's risk?

And if Jeff could confirm, that's be even better...
Title: Re: FX Viper
Post by: glocksocks on June 25, 2014, 03:44:53 AM
100:1


Sent from my iPhone using Tapatalk
Title: Re: FX Viper
Post by: forex4life on June 25, 2014, 03:47:38 AM
No, min is 1:200
Title: Re: FX Viper
Post by: glocksocks on June 25, 2014, 04:00:19 AM
My advice is an account with 50/1 leverage cannot handle more than 1 times my risk. I have stated max risk 3 times but that is on normal margin of 100/1.





Cheers



Viper

There ya go, from jeff back in April.


Sent from my iPhone using Tapatalk
Title: Re: FX Viper
Post by: TradeNow on June 25, 2014, 06:50:38 AM
I never thought that i will subscribe to a signal again but here we are. jeff is realy doing fine and a nice guy.
6 month for now and all eas removed from my savings account.
it is also very hard for me to jump on this bandwaggon as i see it exactly like you. However from all the signal providers i have seen and tested so far, the ones from forexsignals seem to have some sort of quality. Also i'm testing those now, because i'm running a bit out of options like you. Nearly all my commercial EAs i bought the last 2 years don't work anymore. As i work full time, i don't know what else to do.

I hope it will work out

p.s.: i like your avatar ;)

Yes running out of options is the key. Jeff described the evolution of a trader in the video realy good.
He made me smile as he mentioned megadroid and all that stuff we tried in the last years. :D
Will also watch and learn. Hopefully jeff will make some mentoring in the near future. This would be great.

Your avatar is also nice!

btw: after years of ea trading i feel like taking too much lemmon 714  ;)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fi1.ytimg.com%2Fvi%2F5EmuRbT4dEs%2Fhqdefault.jpg&hash=95a6cfb3d7ea59fde833e0daf0829520)

br
Mark
Title: Re: FX Viper
Post by: jubal on June 25, 2014, 08:47:51 AM
My advice is an account with 50/1 leverage cannot handle more than 1 times my risk. I have stated max risk 3 times but that is on normal margin of 100/1.





Cheers



Viper

There ya go, from jeff back in April.


Sent from my iPhone using Tapatalk

Since that time Jeff has changed the advive.  Minimum now is 1:200.   Here is his signature from forex signals site.

Please don't use more than 3x risk multiplier when following my trading. I also recommend people use 1:200 or greater leverage if possible.
Title: Re: FX Viper
Post by: Riptide on June 25, 2014, 06:56:55 PM
The Viper account on Forex Peace Army is getting close to a margin call. What is the deal with the USDCAD trades?
Title: Re: FX Viper
Post by: jshear on June 25, 2014, 06:59:18 PM
The Viper account on FPA is ruining at crazy risk. It's 10 times my accounts. I don't recommend ever running more than 3 times my master with min 1:200 leverage. The CAD trades are obviously in draw down. I will work my way out of it using proper margin.


Cheers

Jeff  ;)
Title: Re: FX Viper
Post by: Riptide on June 25, 2014, 07:02:43 PM
The Viper account on FPA is ruining at crazy risk. It's 10 times my accounts. I don't recommend ever running more than 3 times my master with min 1:200 leverage. The CAD trades are obviously in draw down. I will work my way out of it using proper margin.


Cheers

Jeff  ;)


OK, thanks for the answer. It must not be 10X risk or it would have been killed by now. It looks more like 6X risk.
Title: Re: FX Viper
Post by: jshear on June 25, 2014, 07:05:11 PM
I was told from Nick its running at 10 times risk. This account was set up by him not me. Not under my recommendation. Trading at that leverage is suicidal. I like to sleep at night. LOL


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: primi on June 25, 2014, 07:14:53 PM
Not sure why Nick insists on these crazy risk accounts. It's bad for his business when they blow up (not if) and bad for in this case your business as well. Disclaimers don't help. It's like trying to drill a hole with your drill bit facing the wrong way. You'll eventually make a hole of some sort into something but read the f#$%ing manual. You're using the signal wrong!
Title: Re: FX Viper
Post by: Riptide on June 25, 2014, 07:14:56 PM
I was told from Nick its running at 10 times risk. This account was set up by him not me. Not under my recommendation. Trading at that leverage is suicidal. I like to sleep at night. LOL


Cheers

Jeff ;)

Good point! I don't know why someone would use risk higher than 3X. Even 2X seems a bit risky. Do you think the USDCAD will rebound? It has some support at the current level but the GDP number are coming out soon. That could be really good or it could make things more complicated.
Title: Re: FX Viper
Post by: ForexSignals.com on June 27, 2014, 12:36:29 AM
Not sure why Nick insists on these crazy risk accounts. It's bad for his business when they blow up (not if) and bad for in this case your business as well. Disclaimers don't help. It's like trying to drill a hole with your drill bit facing the wrong way. You'll eventually make a hole of some sort into something but read the f#$%ing manual. You're using the signal wrong!

I do it for 2 reasons:

1. It's fun. I enjoy compounding a small account. Even if I cut the loss now I'd be left with $1,500 left of my $500 investment. If Viper can recover (as I expect) this without losing another 50ish pips I'll be back at $5,500.

2. Explosive returns get attention from the general public. Clients in this space want to see that 20%+ monthly returns are possible, I show them that they are, however there is another side to that coin which is the deep drawdowns (which I make as obvious as possible).

I appreciate why you hold this opinion, however the broader forex public aren't interested in 3-5% monthly returns. This business model only works if we get a large number of clients on board. My job has been to get people interested in the idea of making a lot of money trading signals on our copier, then educate them about the long game and the need to manage risk if you're going to put a large amount of money on the line.

If anyone is running 10x risk they should expect a possible margin call. I experienced this once before on this account and managed to recover from $90 back to $5,5000 inside 6 months. It might go back to $90 again, who knows. But I enjoy the ride and truth be told I think many of you enjoy watching.



Title: Re: FX Viper
Post by: Anchorpoint on June 27, 2014, 06:15:32 AM
Big hit for Viper today:

http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm-ic-markets/854322 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm-ic-markets/854322)

Last 4 months profits wiped out
Title: Re: FX Viper
Post by: viltsu on June 27, 2014, 06:38:17 AM
So he did not trade his way out?

What happened?
Title: Re: FX Viper
Post by: alazarus on June 27, 2014, 06:44:17 AM
From Forexsignals forum - Nick -"I just received a call from IC Markets that they accidentally closed one of the USDCAD trades when removing a client from the MAM. They are currently working on a way to restore the position. I will update you as soon as I have more information."

Looks like it may be a similar error as in GP with Trusted FX.

Title: Re: FX Viper
Post by: Podberry on June 27, 2014, 07:01:25 AM
I've been watching Vipers strategy for a while now, sorry to see you guys took a hit. Opening multiple positions on a pair is very dangerous, you can surf the wave for a few months or years but eventually a "tidal wave" hits and all your gains disappear.

This strat requires very low gearing such as TrustedFX, then again us retail traders are not interested in making around 5% per month.

Sorry again for your losses guys

Title: Re: FX Viper
Post by: Tyler on June 27, 2014, 07:10:17 AM
I think you didn't read the post before yours
I've been watching Vipers strategy for a while now, sorry to see you guys took a hit. Opening multiple positions on a pair is very dangerous, you can surf the wave for a few months or years but eventually a "tidal wave" hits and all your gains disappear.

This strat requires very low gearing such as TrustedFX, then again us retail traders are not interested in making around 5% per month.

Sorry again for your losses guys
Title: Re: FX Viper
Post by: Podberry on June 27, 2014, 07:18:53 AM
I think you didn't read the post before yours
I've been watching Vipers strategy for a while now, sorry to see you guys took a hit. Opening multiple positions on a pair is very dangerous, you can surf the wave for a few months or years but eventually a "tidal wave" hits and all your gains disappear.

This strat requires very low gearing such as TrustedFX, then again us retail traders are not interested in making around 5% per month.

Sorry again for your losses guys

Yes I did, but still do not agree with opening multiple positions against a trend as the DD was escalating before IC Market "accidentally" closed the trade  ;)
Title: Re: FX Viper
Post by: deathlord on June 27, 2014, 07:31:32 AM
I guess this was just to prove, that mistakes can happen with every broker ...  ;)
Title: Re: FX Viper
Post by: primi on June 27, 2014, 08:06:47 AM
Not sure why Nick insists on these crazy risk accounts. It's bad for his business when they blow up (not if) and bad for in this case your business as well. Disclaimers don't help. It's like trying to drill a hole with your drill bit facing the wrong way. You'll eventually make a hole of some sort into something but read the f#$%ing manual. You're using the signal wrong!

I do it for 2 reasons:

1. It's fun. I enjoy compounding a small account. Even if I cut the loss now I'd be left with $1,500 left of my $500 investment. If Viper can recover (as I expect) this without losing another 50ish pips I'll be back at $5,500.

2. Explosive returns get attention from the general public. Clients in this space want to see that 20%+ monthly returns are possible, I show them that they are, however there is another side to that coin which is the deep drawdowns (which I make as obvious as possible).

I appreciate why you hold this opinion, however the broader forex public aren't interested in 3-5% monthly returns. This business model only works if we get a large number of clients on board. My job has been to get people interested in the idea of making a lot of money trading signals on our copier, then educate them about the long game and the need to manage risk if you're going to put a large amount of money on the line.

If anyone is running 10x risk they should expect a possible margin call. I experienced this once before on this account and managed to recover from $90 back to $5,5000 inside 6 months. It might go back to $90 again, who knows. But I enjoy the ride and truth be told I think many of you enjoy watching.

I can see why you do (1) but not sure it's wise to show it on something like FPA.

As for (2) it defo goes both way. You attract inexperienced investors with high monthly returns and then blow up. A problem. Do you hide your account then? Not good. And if you don't who's going to say hey great, I can have 20% monthly and who cares if that means 80% DD?

You have a trader in  house that does high monthly returns with default risk meaning as the signal was intended to be used. Surely that's a more sensible way to trade and brag with. And if you want higher returns still there are traders out there that can do that without the associated risk of turning a regular signal up 10 times. You just haven't found them yet and they are few and far between, at least publicly.

There's a guy right now trading his 10k with effectively 7x default risk. Not sure if it's a direct consequence of seeing your high risk accounts but seeing Viper exceed 10% DD not sure there's a lot of room or hope left. One unfortunate market move and it's toast. Even if it reverses immediately. High returns are no good if you can't keep them.

Anyway, rant off.
Title: Re: FX Viper
Post by: god on June 27, 2014, 08:07:59 AM
My account balance at IC has just been restored and email from Nick confirming IC stuff up is being corrected
Title: Re: FX Viper
Post by: jubal on June 27, 2014, 08:27:26 AM
Quote
however the broader forex public aren't interested in 3-5% monthly returns.

I disagree. Just about most people would be happy with 3% return monthly. If it was consistent and not coupled with serious DD. No vendor seems able to provide that as yet. They all blow eventually
Title: Re: FX Viper
Post by: TradeNow on June 27, 2014, 08:40:26 AM
Quote
however the broader forex public aren't interested in 3-5% monthly returns.

I disagree. Just about most people would be happy with 3% return monthly. If it was consistent and not coupled with serious DD. No vendor seems able to provide that as yet. They all blow eventually

I agree. If i can get a relative safe monthly return of 3% on a constant base i am more than happy.
Doing the math with compounding will lead to a real financial freedom in the near future. Thats all what counts imho  :)

best regards
Mark
Title: Re: FX Viper
Post by: TradeNow on June 27, 2014, 08:48:37 AM
I've been watching Vipers strategy for a while now, sorry to see you guys took a hit. Opening multiple positions on a pair is very dangerous, you can surf the wave for a few months or years but eventually a "tidal wave" hits and all your gains disappear.

This strat requires very low gearing such as TrustedFX, then again us retail traders are not interested in making around 5% per month.

Sorry again for your losses guys

I was also very skeptical in the beginning but after one year i see only consistent results and a strategy that worked.
Right now also nothing unusual on vipers master account:
http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-master-account/616112 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-live-master-account/616112)

What happened to the pamm seems to be manmade error.

I am running risk 1 on my account now and i am looking forward to the future with Jeffs signal.  :)


best regards
Mark
Title: Re: FX Viper
Post by: grgr on June 27, 2014, 09:16:41 AM
Guys i think you look at it the wrong way. Here, most of us are already experienced with forex, mostly bad experienced, and we know that expecting 20% monthly returns means that there is a very high risk of losing everything. But most of the beginners which don't have any experience with forex are more attracted with products that shows 20% monthly gains instead of 3%, because they don't understand the difference in risk between each other.
Title: Re: FX Viper
Post by: HFT Group on June 27, 2014, 10:50:49 AM
The erroneously closed UsdCad trades on the Viper IC Markets MAMM have been removed from mt4 history and live trades re-instated.

To clear any conjecture.......the trades were closed mistakenly by IC Markets.

Sadly, the damage done to my myfxbook account and widget is not reversible so I have removed the widget and made the account private as both are now inaccurate and invalid  :(
Title: Re: FX Viper
Post by: uacam on June 27, 2014, 10:52:50 AM
To all FX Viper mamm client,

Please check back to your recovered lot size, if you had fund/withdraw your account in this period after 3 CAD positions opened.
I found, i was recovered to incorrect lot size by ic markets. They even recovered to after new funding and re-opened big lot size, to instead of my original 3 CAD before funding positions. Still waiting they solve my problem.

Check it back your account details and carefully.

 ???
Title: Re: FX Viper
Post by: HFT Group on June 27, 2014, 10:58:57 AM
To all FX Viper mamm client,

Please check back to your recovered lot size, if you had fund/withdraw your account in this period after 3 CAD positions opened.
I found, i was recovered to incorrect lot size by ic markets. They even recovered to after new funding and re-opened big lot size, to instead of my original 3 CAD before funding positions. Still waiting they solve my problem.

Check it back your account details and carefully.

 ???

If you look closely you should see you are actually a little better off than you were before the U/Cad trades were closed ;) 
Title: Re: FX Viper
Post by: primi on June 27, 2014, 11:01:36 AM
The erroneously closed UsdCad trades on the Viper IC Markets MAMM have been removed from mt4 history and live trades re-instated.

To clear any conjecture.......the trades were closed mistakenly by IC Markets.

Sadly, the damage done to my myfxbook account and widget is not reversible so I have removed the widget and made the account private as both are now inaccurate and invalid  :(
Contact myfxbook. They can fix it if the trades are no longer in MT4 history. But they have to do it manually, it doesn't correct itself just by republishing account history. They did fix one of my accounts after my broker killed it with an erroneous price quote. My account histor was corrected by the broker, trades reinstated and then I contacted myfxbook and they fixed it on their end as well.
Title: Re: FX Viper
Post by: HFT Group on June 27, 2014, 11:04:15 AM
The erroneously closed UsdCad trades on the Viper IC Markets MAMM have been removed from mt4 history and live trades re-instated.

To clear any conjecture.......the trades were closed mistakenly by IC Markets.

Sadly, the damage done to my myfxbook account and widget is not reversible so I have removed the widget and made the account private as both are now inaccurate and invalid  :(
Contact myfxbook. They can fix it if the trades are no longer in MT4 history. But they have to do it manually, it doesn't correct itself just by republishing account history. They did fix one of my accounts after my broker killed it with an erroneous price quote. My account histor was corrected by the broker, trades reinstated and then I contacted myfxbook and they fixed it on their end as well.

That's certainly worth a try..........thank you  ;)
Title: Re: FX Viper
Post by: jshear on June 27, 2014, 11:12:46 AM
The IC Markets high risk account MAMM myfxbook has been deleted from my profile due to the error from IC Markets that resulted in my CAD trades closing, IC Markets quickly reinstated everyones account but my stats are messed up. If they can fix the trade history I will start a new myfxbook for the IC Markets higher risk MAMM. Until then I will just have to wait and see.



Cheers

Jeff
Title: Re: FX Viper
Post by: user456 on June 27, 2014, 11:14:19 AM
If your broker doesn't delete account history from time to time you could also just remove the old myfxbook and add a new one.
Title: Re: FX Viper
Post by: HFT Group on June 27, 2014, 11:19:07 AM
If your broker doesn't delete account history from time to time you could also just remove the old myfxbook and add a new one.

Back up plan........cheers  ;)
Title: Re: FX Viper
Post by: jshear on June 27, 2014, 01:53:42 PM
The myfxbook for IC Markets MAMM will be reinstated hopefully on monday. Most the error from the broker has now been fixed. Their is only a few small lot trades that I did not do showing in the history. My understanding they will have this erased on monday as its night time now in Australia. Have a nice weekend.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: jshear on June 27, 2014, 01:58:41 PM
Just an update for anyone who joined me recently and that does not have my CAD trades. I won't be adding or trading the CAD for the short term. My goal is not to add positions until I see a solid reversal which I do expect. The CAD move to the downside is over extended for sure and will reverse. I will trade other pairs as I am in the CAD draw down. Over the past year only one pair the CAD has put me in a draw down situation. Once in November and now.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: Riptide on June 27, 2014, 03:44:56 PM
Maybe it was best to let the USDCAD trades close on the IC Markets MAM...

At some point it is better to accept a loss than let your account exceed 30% open drawdown. What is the MAM accounts go to 50% open drawdown? Is there a "no mas" point? Or is it do or die?

You could make up the loss in 3 months of trading. No need to risk the future of your fund and your reputation on the hopes of a retrace. Everyone needs to trade with a SL or you are betting the farm that the price action goes in your favor. Not a wise bet in my humble opinion. Maybe it is because you have too much pressure being the #1 signal service and taking a loss could mean that some of your fair weather investors will move to a competing service. That MAY happen, but in the long run you will climb to the top again if you put your work in and keep making those profitable scalping trades. These drawn out grid trades that last months and put the entire fund in danger are not worth it. Take the medicine and move on.
Title: Re: FX Viper
Post by: pipsnpips on June 27, 2014, 04:11:40 PM
Maybe it was best to let the USDCAD trades close on the IC Markets MAM...

At some point it is better to accept a loss than let your account exceed 30% open drawdown. What is the MAM accounts go to 50% open drawdown? Is there a "no mas" point? Or is it do or die?

You could make up the loss in 3 months of trading. No need to risk the future of your fund and your reputation on the hopes of a retrace. Everyone needs to trade with a SL or you are betting the farm that the price action goes in your favor. Not a wise bet in my humble opinion. Maybe it is because you have too much pressure being the #1 signal service and taking a loss could mean that some of your fair weather investors will move to a competing service. That MAY happen, but in the long run you will climb to the top again if you put your work in and keep making those profitable scalping trades. These drawn out grid trades that last months and put the entire fund in danger are not worth it. Take the medicine and move on.

This sounds good

FPA account is

http://www.forexpeacearmy.com/forex_signals_performance/fx_viper/real (http://www.forexpeacearmy.com/forex_signals_performance/fx_viper/real)

DD is 76%  4097 floating loss v 5366 balance

Title: Re: FX Viper
Post by: ultracat on June 27, 2014, 08:00:19 PM
The FPA account is irrelevant to vipers trading.  Any follower can jack up the risk and the master account has nothing to do with that.

Also for signal followers (unfortunately not for mam clients) they can set their own hard SL on vipers trading if you don't trust viper to keep your account safe.  Viper has shown that k and again he cares about his sub's and is not trading recklessly at risk setting 1.
Title: Re: FX Viper
Post by: jshear on June 27, 2014, 08:42:05 PM

Look out below! The loonie hasn't been this stretched since 2006


By Ari Altstedter, Kevin Buckland and Hiroko Komiya, Bloomberg News, National PostJune 27, 2014 – 3:15 pm ET
Canada’s dollar is ripe for a decline after the fastest inflation since 2012 spurred it to the best gains in the developed world, with technical indicators showing the currency is the most stretched in eight years.

The loonie climbed 3.4% in the last three months against a basket of 10 developed nation peers tracked by Bloomberg Correlation Weighted Indexes, and reached the highest since January versus the U.S. dollar Friday. That’s pushed it to the most overvalued level since May 2006 in a measure known as slow stochastics, which signal the rally may be poised to end, according to George Davis, the chief technical analyst at Royal Bank of Canada.

“It’s only been in the last few days they’ve moved back into those extremes,” Davis said in a phone interview from Toronto Thursday. “Given that valuations are so stretched, you’d expect to start to see some profit-taking.”

Related

Is Stephen Poloz the world’s currency king? Bank of Canada chief’s sway over loonie is envy of central bankers
Things are finally looking up for the loonie
Loonie revival seen running out of steam before it revisits 2014 high: TD
The currency has rallied on bets the deflation threat that prompted central bank Governor Stephen Poloz to say he couldn’t rule out interest-rate cuts is disappearing. That’s after consumer-price gains accelerated last month past the Bank of Canada’s 2% target for the first time in two years.

The central bank has paired its inflation focus with commentary on the importance of a weak currency for exporters that it expects will fuel an economic recovery. The nation’s merchandise trade balance swung to an unexpected deficit in April.

‘Sluggish Economy’

“Even with the tick-up in inflation, a sluggish economic recovery should prevent any rate hikes from being brought forward,” Masafumi Yamamoto, a former Bank of Japan official who’s president of Praevidentia Strategy Ltd., said by phone. “It’s highly unlikely that the Bank of Canada, which favors a weak currency, would raise rates before the Federal Reserve.”

The Canadian dollar’s daily slow stochastics was at 95.8 Thursday, the highest level since it reached 96.5 in May 2006. Another momentum indicator, the 14-day relative strength index, reached its most overbought level since June 2009 at 75.6, the sixth day it has been above the 70 level that signals to some traders that a reversal is imminent.

The loonie rose to C$1.0678 per U.S. dollar, the strongest level since Jan. 7, and traded at C$1.0694 as of 8:40 a.m. in Toronto. One loonie bought 93.52 U.S. cents.
A key chart point lies at C$1.0642 per U.S. dollar, which marks a bearish trend line in place since September 2012, according to RBC’s Davis, who calls it his “line in the sand.” A sustained break of that level would signal further Canadian dollar gains, he said.

RBC predicts the Canadian dollar will finish the year at C$1.15, compared with the median forecast for C$1.12 among economists surveyed by Bloomberg News.

Bloomberg.com

© National Post 2014


Title: Re: FX Viper
Post by: TradeNow on June 27, 2014, 08:47:31 PM
The FPA account is irrelevant to vipers trading.  Any follower can jack up the risk and the master account has nothing to do with that.

Also for signal followers (unfortunately not for mam clients) they can set their own hard SL on vipers trading if you don't trust viper to keep your account safe.  Viper has shown that k and again he cares about his sub's and is not trading recklessly at risk setting 1.

and thats the real dd right now....nothing unusual with risk 1

Title: Re: FX Viper
Post by: pipsnpips on June 27, 2014, 08:50:24 PM
The FPA account is irrelevant to vipers trading.  Any follower can jack up the risk and the master account has nothing to do with that.

Also for signal followers (unfortunately not for mam clients) they can set their own hard SL on vipers trading if you don't trust viper to keep your account safe.  Viper has shown that k and again he cares about his sub's and is not trading recklessly at risk setting 1.

and thats the real dd right now....nothing unusual with risk 1

This one is 33% down now, is it now real ?

http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm-axitrader/928710 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm-axitrader/928710)

Yesterday I saw there were 4 accounts and today one account is now private ?

http://www.myfxbook.com/members/FXViperTrading (http://www.myfxbook.com/members/FXViperTrading)

Title: Re: FX Viper
Post by: TradeNow on June 27, 2014, 09:01:55 PM
The only account you should monitor is vipers master account i posted before.
All other accounts can run on any risk higher than master and so are irrelevant.
If you run on risk 1 you should have exact the same dd as on the master. Thats all... ;)

br
Mark
Title: Re: FX Viper
Post by: pipsnpips on June 27, 2014, 09:12:13 PM
The only account you should monitor is vipers master account i posted before.
All other accounts can run on any risk higher than master and so are irrelevant.
If you run on risk 1 you should have exact the same dd as on the master. Thats all... ;)

br
Mark

Thanks

I am saying from MAMM investors perspective not signal service to use and run like Master, their fund are down by 33%.  Is there an Exit plan or they will pray for retracement ?

http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm-axitrader/928710 (http://www.myfxbook.com/members/FXViperTrading/fx-viper-mamm-axitrader/928710)
Title: Re: FX Viper
Post by: jubal on June 27, 2014, 11:07:44 PM
yes  the MAMs run at 3x risk as standard so in effect they should be down about 33%.  The arbitary 3x risk was what put me off the MAMs as I think its too high. I run the signal on 1.8 and even that is too high.  when the DD clears I will go to 1.5 and stay there
Title: Re: FX Viper
Post by: ultracat on June 28, 2014, 02:56:51 AM
I believe it's been said that the MAMs trade at 3x risk so you should only deposit 1/3 your risk capital if you want the equivalent of risk 1 (sort of).
Title: Re: FX Viper
Post by: AttilaG on June 28, 2014, 09:43:04 AM
    I hope Jeff has a mental stop in case of a black swan.
    The other problem is that no one knows what the max DD we can expect.
    He is still up by 30% for this year if I substract the 13% DD from the overal profit :)
Title: Re: FX Viper
Post by: TradeNow on June 28, 2014, 10:23:57 AM
    I hope Jeff has a mental stop in case of a black swan.
    The other problem is that no one knows what the max DD we can expect.
    He is still up by 30% for this year if I substract the 13% DD from the overal profit :)

Better having a own mental stop and set max dd in signal copier if you can.
Thats the reason why i didnt like mamms. You gave up your whole control over your money.
Not my way.... :D
Title: Re: FX Viper
Post by: cyberryder on June 28, 2014, 11:33:01 AM
the trades were closed mistakenly by IC Markets.
wow... hasn't the exact same thing happened on TrustedFX MAM on GP, letting move the trader to AXI MAM now? This is why i don't like MAMS and i don't plan to invest in there any time soon. You have ZERO control over your money.
Title: Re: FX Viper
Post by: forex4life on June 28, 2014, 05:51:12 PM
As both GP and ICM had problems when detaching a customer, I suggest someone ask Axi to be VERY careful. And work together with www.metafx-int.com (http://www.metafx-int.com) who provides the MAM software if I understand well.
Title: Re: FX Viper
Post by: Okda on June 28, 2014, 06:44:34 PM
Icm announced that the problem was due to a bug in metafx software and that they informed them about it
Title: Re: FX Viper
Post by: mmuller on June 29, 2014, 10:03:08 PM
Quote

    however the broader forex public aren't interested in 3-5% monthly returns.


I disagree. Just about most people would be happy with 3% return monthly. If it was consistent and not coupled with serious DD. No vendor seems able to provide that as yet. They all blow eventually

That is most people who have tried trading for years and know that more than 3-5% is not wise in risk-perspective.

Anyway I have achieved nearly that return in years 2008-2013. Also I didn't eventually blow, not yet at least.

http://www.myfxbook.com/members/mmuller/invest/255170 (http://www.myfxbook.com/members/mmuller/invest/255170)

I had to stop the account for broker-swithing reason, and continued the account up for rest of 2013, I'm now in DD of around 12-14%, but that is consistent with my long-term performance.

my performance was not enough for Nick,since I trade too infrequently and don't attract those high 20%/month customers, I think. I would be willing to trade for people who want 2%/month in avg. with good risk-control. I expect my historical -34% DD to be too high, but you could think it as absolute maximum cut-off point instead...

Have a nice fresh trading week everyone!
-Mika
Title: Re: FX Viper
Post by: cyberryder on June 30, 2014, 06:33:52 AM
Yeah, nicks top performer have 3 key characteristics 1) at least 10%/month 2) No loosing month 3) Steady growth curve, means you can forecast
Title: Re: FX Viper
Post by: Surrealistik on June 30, 2014, 06:50:39 AM
Was permission given to this guy to advertise your MAM and associate his affiliate ID with it?

http://www.icmarketsfx.com/ic-markets-fx-managed-account-mamm/ (http://www.icmarketsfx.com/ic-markets-fx-managed-account-mamm/)
Title: Re: FX Viper
Post by: ForexSignals.com on June 30, 2014, 07:04:35 AM
Was permission given to this guy to advertise your MAM and associate his affiliate ID with it?

http://www.icmarketsfx.com/ic-markets-fx-managed-account-mamm/ (http://www.icmarketsfx.com/ic-markets-fx-managed-account-mamm/)

Absolutely not!

That site has nothing to do with us. I'm contacting IC Markets to find out who has the IB link on this page.

This is a site that has been created to con people into opening an account at IC Markets under their IB link.

I'm experiencing a range of laughter, anger and flattery all at the same time....

Do not use this site under any circumstances.
Title: Re: FX Viper
Post by: Surrealistik on June 30, 2014, 07:20:07 AM
I'll be speaking to Angus about this.
Title: Re: FX Viper
Post by: Surrealistik on June 30, 2014, 09:01:33 AM
Interested in investing. Just to confirm though, if I get involved in the MAM as it stands now, I will be exposed to the floating loss if/when it's closed, despite that loss predating my enrollment, correct?
Title: Re: FX Viper
Post by: cyberryder on June 30, 2014, 01:01:24 PM

Was permission given to this guy to advertise your MAM and associate his affiliate ID with it?

http://www.icmarketsfx.com/ic-markets-fx-managed-account-mamm/ (http://www.icmarketsfx.com/ic-markets-fx-managed-account-mamm/)

Absolutely not!

That site has nothing to do with us. I'm contacting IC Markets to find out who has the IB link on this page.

This is a site that has been created to con people into opening an account at IC Markets under their IB link.

I'm experiencing a range of laughter, anger and flattery all at the same time....

Do not use this site under any circumstances.
There has already been a "nice" discussion with this IB on their myfxbook page with our IB Jon from HFTgroup here about their logo. First they used the official ICM logo and only now added a little "introducing broker" below the logo.

All their marketing (logo, domainname, website colours) is pretending that THEY ARE ICM on the first look. Makes icmarketsfx.com a SCAM.

The MAMM thing of course is crazy...
Title: Re: FX Viper
Post by: Riptide on June 30, 2014, 04:09:14 PM
Viper is now fully hedged with the USDCAD and he appears to be starting another grid with the EURUSD...
Title: Re: FX Viper
Post by: Sensor on June 30, 2014, 04:19:56 PM
Viper is now fully hedged with the USDCAD and he appears to be starting another grid with the EURUSD...

What does this mean for new subscribers, starting with FxViper? Anyone knows? I have read somewhere that when starting trades are opened for "a better price".
Title: Re: FX Viper
Post by: Riptide on June 30, 2014, 04:26:43 PM
Viper is now fully hedged with the USDCAD and he appears to be starting another grid with the EURUSD...

What does this mean for new subscribers, starting with FxViper? Anyone knows? I have read somewhere that when starting trades are opened for "a better price".

I'm not sure what is the deal with new subscribers but I know he just took a loss with the USDCAD on his MAM accounts and signal service. He closed the hedge for a small loss then closed one of the USDCAD trades for a rather large loss that wiped out this months gains. He is trying to take some risk off the table but he still has a lot of drawdown on him MAM accounts. Hopefully the EURUSD will fall or the drawdown will get worse.
Title: Re: FX Viper
Post by: jshear on June 30, 2014, 04:29:44 PM
Guys I have closed one CAD long for a loss. The loss was less than my month gain so I did this to reduce risk  on our accounts.

Cheers

Jeff ;)
Title: Re: FX Viper
Post by: uacam on June 30, 2014, 04:50:03 PM
Jeff,
I still waiting ic markets to correct incorrect lot size problems. Which should be included today closing cad trade. Right?

Sent from my GT-N7105 using Tapatalk 2

Title: Re: FX Viper
Post by: cyberryder on June 30, 2014, 06:04:06 PM

Viper is now fully hedged with the USDCAD and he appears to be starting another grid with the EURUSD...

What does this mean for new subscribers, starting with FxViper? Anyone knows? I have read somewhere that when starting trades are opened for "a better price".
If you started copying with 0.1risk to get the old trades and then upped the risk to the normal value, there shouldn't be any problem. At least this is the best plan i have found so far
Title: Re: FX Viper
Post by: jshear on June 30, 2014, 06:17:11 PM
Hi everyone my last update for today. As we know the CAD earlier today made a fast break to the downside. I put on a temp hedge thinking would could bank some fast pips. As soon as put the hedge on the CAD reversed. I was waiting to see how it would play out but decided it was better to take the loss. Then as I had planned was to close 1 of our CAD trades today to reduce risk but only enough to offset our June gain. As today is the last trading day of the month I needed to do it today. Now we have less risk as we only have 2 CAD longs open. All your account should be flat for the month with no loss or as i see on Nicks a very small loss for the month. Yes I was reading the forum here today and yes it got me upset but I always had the plan to close 1 of our CAD longs today as long as the loss was not more than our monthly gain. Have a nice night and remain safe.


Cheers

Jeff ;)


Title: Re: FX Viper
Post by: Surrealistik on July 04, 2014, 04:47:09 AM
Does the Viper ICM LPOA apply to all forms of the Viper MAM there, including the low risk variant?

Further, what is the low risk variant's risk multiplier? 2x? 1.5x?
Title: Re: FX Viper
Post by: forexbaby on July 04, 2014, 07:57:35 AM

Viper is now fully hedged with the USDCAD and he appears to be starting another grid with the EURUSD...

What does this mean for new subscribers, starting with FxViper? Anyone knows? I have read somewhere that when starting trades are opened for "a better price".
If you started copying with 0.1risk to get the old trades and then upped the risk to the normal value, there shouldn't be any problem. At least this is the best plan i have found so far

if anyone intends to join the viper down since there is a dd, I think you may want to ask Jeff how best to do it. You may want to disable U/Cad as He may hedge and that may cause problems etc
Title: Re: FX Viper
Post by: jshear on July 04, 2014, 11:32:17 AM
Anyone who joins please disable CAD pair as I won't be trading this pair anymore. As everyone knows I will trade out of the draw down but its better not to enable the pair. You can disable any pair in the simple trader control panel.

Thanks
Jeff
Title: Re: FX Viper
Post by: crashev on July 07, 2014, 11:50:36 AM
Did You drop USDCAD pair forever? If Yes then why so ?
Title: Re: FX Viper
Post by: jshear on July 07, 2014, 11:53:33 AM
No I stated in the past year only one pair has put me in a draw down for an extended period of time the CAD. So once I am out I will trade it less or maybe I won't .


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: macbook on July 12, 2014, 09:08:51 AM
Hi

What kind of Stop loss do Fx Viper use ?
The current floating is not to fun to ride. I hope U/ca just like a cancer we can remove and not a cancer that hurt me to death ...
Title: Re: FX Viper
Post by: forexbaby on July 12, 2014, 11:57:13 AM
Hi

What kind of Stop loss do Fx Viper use ?
The current floating is not to fun to ride. I hope U/ca just like a cancer we can remove and not a cancer that hurt me to death ...

This is a question that you will not get an answer until it happens
Title: Re: FX Viper
Post by: macbook on July 12, 2014, 01:06:26 PM
Hi,

Yes true but sometimes some traders says "Max 20% " . Just wonder if Fx Viper have give some guidelines.
His floating get big quickly so just wonder

Hi

What kind of Stop loss do Fx Viper use ?
The current floating is not to fun to ride. I hope U/ca just like a cancer we can remove and not a cancer that hurt me to death ...

This is a question that you will not get an answer until it happens
Title: Re: FX Viper
Post by: cyberryder on July 12, 2014, 01:34:32 PM
BOOM! http://www.myfxbook.com/members/NicksSmall/fx-viper-crazy-risk-forexsignalscom/722509 (http://www.myfxbook.com/members/NicksSmall/fx-viper-crazy-risk-forexsignalscom/722509)

what happened? Manual close?
Title: Re: FX Viper
Post by: jshear on July 12, 2014, 02:09:56 PM
Nick is running that account at 10 times my master. I have made it very clear not to go higher than 3 times my master.


Cheers

Jeff :)
Title: Re: FX Viper
Post by: ForexSignals.com on July 14, 2014, 08:04:51 AM
Nick is running that account at 10 times my master. I have made it very clear not to go higher than 3 times my master.


Cheers

Jeff :)

Mr Jshear,

Stop commenting on this thread!

People love it until you get into a drawdown and only takes one troll to get under your skin and it will drive you (and me) nuts.

Sorry to put this on the public forum, but if you can't help yourself then I must intervene :)
Title: Re: FX Viper
Post by: nwboater on July 14, 2014, 03:59:29 PM
Nick is running that account at 10 times my master. I have made it very clear not to go higher than 3 times my master.


Cheers

Jeff :)

Mr Jshear,

Stop commenting on this thread!

People love it until you get into a drawdown and only takes one troll to get under your skin and it will drive you (and me) nuts.

Sorry to put this on the public forum, but if you can't help yourself then I must intervene :)

Nick I totally agree that you should not have put this on a public forum. In fact it seems bizarre to me!

I think Jeff has every right to comment on his section of DonnaForex. And he also has every right to warn people to not trade his signal over 3x Risk. In fact I think he has an obligation to do that.

 It has always seemed wrong for you to publicly post a "Crazy Risk" account. I feel you have a responsibility to your clients, especially newbies to not do such things. It can really give people the wrong idea. Even if you post disclaimers about it being too high of risk, you are the 'Leader' and perceived as an expert.

For reference I have great respect for Jeff as a Trader and really appreciate his communications. And I am extremely appreciative of what you have done for the retail Forex trader.

Cheers,
Rod
Title: Re: FX Viper
Post by: kjen17 on July 14, 2014, 08:15:02 PM
To be fair to Nick didn't he also make it clear that most of his capital in Viper was within recommended risk parameters? - although i didn't much like the crazy risk account being publicised either..
Title: Re: FX Viper
Post by: ForexSignals.com on July 15, 2014, 02:48:43 AM
Nick is running that account at 10 times my master. I have made it very clear not to go higher than 3 times my master.


Cheers

Jeff :)

Mr Jshear,

Stop commenting on this thread!

People love it until you get into a drawdown and only takes one troll to get under your skin and it will drive you (and me) nuts.

Sorry to put this on the public forum, but if you can't help yourself then I must intervene :)

Nick I totally agree that you should not have put this on a public forum. In fact it seems bizarre to me!

I think Jeff has every right to comment on his section of DonnaForex. And he also has every right to warn people to not trade his signal over 3x Risk. In fact I think he has an obligation to do that.

 It has always seemed wrong for you to publicly post a "Crazy Risk" account. I feel you have a responsibility to your clients, especially newbies to not do such things. It can really give people the wrong idea. Even if you post disclaimers about it being too high of risk, you are the 'Leader' and perceived as an expert.

For reference I have great respect for Jeff as a Trader and really appreciate his communications. And I am extremely appreciative of what you have done for the retail Forex trader.

Cheers,
Rod

Of course Jeff is allowed to post on this thread. However I have been in this space long enough to know how participating on public forums and engaging in debate with aliases who can rip your reputation to shreds without any recompense is a recipe for disaster.

A trader needs to stay level headed to do their job. I don't think anyone will disagree with me on this.

Engaging on a public forum offers little benefit to the trader and a huge amount of risk. That's why I look after it and insulate the traders from the coal face of client scrutiny. To date this model has been incredibly effective. A trader can't look after clients and the market at the same time.

I'm also curious why you guys are so upset about me running my 10x account. I have barely mentioned it either here or on the site. When I do, I put disclaimers all over it and make it clear this is a gambling account. Yes, it's on FPA, however the crowd that follow that site are addicted to risk, so the strategy has been to attract people to FX Viper by getting it to the top of the list, then educating them. The 10x Risk account wasn't even on the information page for FX Viper, so you would need to dig through 300 forum pages to find a link to the myfxbook.
Title: Re: FX Viper
Post by: kjen17 on July 15, 2014, 06:38:24 PM
Quote
I'm also curious why you guys are so upset about me running my 10x account. I have barely mentioned it either here or on the site. When I do, I put disclaimers all over it and make it clear this is a gambling account. Yes, it's on FPA, however the crowd that follow that site are addicted to risk, so the strategy has been to attract people to FX Viper by getting it to the top of the list, then educating them. The 10x Risk account wasn't even on the information page for FX Viper, so you would need to dig through 300 forum pages to find a link to the myfxbook.

Well as you asked, personally I'm not upset by that, but it jars badly with the professionalism you & Will otherwise have shown in the way you do business. By all means have fun on the side for yourself, but keep it separate from the image you want your business to present, just my humble opinion but you did ask. In terms of attracting and educating the risk junkies, I see that as a lost cause and merely attracts negative posts on your own Viper forum whenever DD threatens their overleveraged accounts. These posts then upset Viper (as we have seen a few times now), which is a shame as most of think he's a great guy who cares about his subscribers. Best regards.
Title: Re: FX Viper
Post by: cyberryder on July 15, 2014, 09:26:55 PM
...I see that as a lost cause and merely attracts negative posts on your own Viper forum whenever DD threatens their overleveraged accounts. These posts then upset Viper (as we have seen a few times now), which is a shame as most of think he's a great guy who cares about his subscribers. Best regards.
very well said! I looked into this forum around 5 times and abandonned it exactly for that reason: I only see people crying at the smallest DD and attacking the trader. Useless discussions every day. People suggesting to the trader what to do next, posting their charts and market opinions, asking the trader why he did what he did,...pffffff  If Nick is talking about "education", sorry, i don't see it. And yes, the 10x risk account may result in exactly this.. it's a self-fulfilling-prophecy and Nick is the leader of the herd, no matter what disclaimer he is using.

At least here on DFX people are mostly educated enough, so that we have a more or less clean Viper thread.
Title: Re: FX Viper
Post by: jshear on July 15, 2014, 09:35:27 PM
As stated by me the Trader and in my signature on the Forex Signals web site I suggest 3 times my master account MAX. If anyone is stupid enough to go higher they are gambling. My job as a trader is to trade and manage risk and that is what I do. The key to making money long term in forex is to have enough funds to survive draw downs. My job is to do that and to continue to make us all a decent return on a yearly basis. Remain safe everyone!!


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: ForexSignals.com on July 15, 2014, 11:18:15 PM
...I see that as a lost cause and merely attracts negative posts on your own Viper forum whenever DD threatens their overleveraged accounts. These posts then upset Viper (as we have seen a few times now), which is a shame as most of think he's a great guy who cares about his subscribers. Best regards.
very well said! I looked into this forum around 5 times and abandonned it exactly for that reason: I only see people crying at the smallest DD and attacking the trader. Useless discussions every day. People suggesting to the trader what to do next, posting their charts and market opinions, asking the trader why he did what he did,...pffffff  If Nick is talking about "education", sorry, i don't see it. And yes, the 10x risk account may result in exactly this.. it's a self-fulfilling-prophecy and Nick is the leader of the herd, no matter what disclaimer he is using.

At least here on DFX people are mostly educated enough, so that we have a more or less clean Viper thread.

Perhaps we're both out of touch. The ForexSignals forum is 95% positive with information that helps signal subscribers relax while in a drawdown. If you haven't visited for a while please take another look.

Conversely, I've lost sleep over some of the accusations and attacks I've received on Donna Forex over the years. If you read the FX Amplified thread you will see what I mean. If I was trying to trade the market while dealing with the trolls that accused me of everything you can imagine I'd certainly have lost my composure in the market.

I admit this was over a year ago and the community may have changed during that time, so I may be judging this forum too harshly based on previous experience.

Title: Re: FX Viper
Post by: cyberryder on July 16, 2014, 12:01:17 AM
I will take another look at your forum Nick.

Well, i agree DFX can be very tough sometimes for vendors. It only needs one to kick some vendor ass, and sometimes you have the whole pack who follows and eats him alive. Often the reaction of vendors than is that they totally shut communication down and don't engage here anymore. There are lot's of examples. But there are also a lot of educated members out there who also defend what they like against accusations! However, i don't believe we can say it's always the bad bad bad crowd. I think it's more a vendor jumping into this community (and this is true for every community more or less i think) and simply being incompatible and not willing or not capable to adapt. And this usually means GOING TO WAR  ;D Two of those guys i will always remember, who produced tonns of pages of heavy discussions, are for sure Adam Liddiard (NMI) and Kevin (FxPIG). Kevin left for about half a year or a year, but he is back, he changed how he is saying things, he adapted, it's working great and the community loves his input. Also Adam has totally changed the way he communicate with his audience. He has come down to earth and is well accepted now.

Conclusion: Yes, forums can be very tough, but if you find a way to adapt to the audience, you will never fight against forum trolls alone again. You will always have your followers around you who defend you. Just look over to Beeks or CNS thread. If i see someone posting against Beeks without any proof, i fight them. Gordon from Beeks hasn't even to involve anymore. We fight his battle for him. We do his work, because his product is simply great and we love the service.

One thing is clear: You have to be as transparent as possible as Vendor. If you try to hide things or do too much of marketing, the crowd will quickly find out and eat you alive. But in this case - it's OK for me that they eat you. It's a bit like darwinism - the crowd identifies, protects and multiplies the good businesses and crashes the bad ones. At the end, this means VALUE for me as a single trader. The crowd cleaned the market for me.
Title: Re: FX Viper
Post by: forexbaby on July 18, 2014, 05:30:47 PM
Forum can be a very tough place. Different expectation from users/vendors.

If the trader thinks he/she can handle it, would be good to just answer admin questions.
Title: Re: FX Viper
Post by: AttilaG on July 22, 2014, 05:08:40 PM
   I wonder how long Viper's strategy will work  holding  DD for months  ?
Title: Re: FX Viper
Post by: ForexSignals.com on July 24, 2014, 04:34:51 AM
   I wonder how long Viper's strategy will work  holding  DD for months  ?

Unfortunately we're a little stuck with this USDCAD. Until it moves there is little that can be done.

We have 3 options: hedge, cut or wait.

I'm personally happy to wait when I consider the alternatives. I don't think you'll find many people that disagree with me when looking at the situation. 

Title: Re: FX Viper
Post by: forexbaby on July 24, 2014, 05:06:10 AM
patience is needed here. trust viper to do that job.
Title: Re: FX Viper
Post by: jubal on July 24, 2014, 09:03:38 AM
Quote
I'm personally happy to wait when I consider the alternatives. I don't think you'll find many people that disagree with me when looking at the situation. 

Waiting is ok now as an option Nick, as there is very little movement so the status quo remains. But if it tanks, which it might, then you will be deluged with "help me" emails.  Best be prepared...
Title: Re: FX Viper
Post by: peeper on August 06, 2014, 07:30:44 PM
I must say I've been quite impressed with how Viper has been dealing with recent DD, allowing himself to take losses at rationally planned levels, while retaining his calm on forums and showing great confidence in his understanding of current market dynamics.

Whether people like or don't like his trading style, I think he definitely has the shoulders and competitive mind to keep on going long term. I wasn't too fond of all the blind following based on unverified claims about his life style, but now I can say that I actually feel much safer with him than with almost any other system on this forum.

Good stuff!
Title: Re: FX Viper
Post by: peeper on September 10, 2014, 01:56:17 AM
Hey guys,

+15% on one trade with this signal!!

This thread is almost dead as all the action takes place on the ForexSignals forum: http://www.forexsignals.com/forum/showthread.php/40-FX-Viper?goto=newpost (http://www.forexsignals.com/forum/showthread.php/40-FX-Viper?goto=newpost)

However I do want to share that I entered Fx Viper's signal slightly after the lowest point of the most resent DD that was due to the USDCAD trade. Holding fast to his good predictions, Jeff/Viper finally got out of that trade with green pips for everyone today, but mine was opened at a much better price a couple of months ago, and got closed for a profit slightly over 15%...!

Plus yesterday he worked like crazy to make up for a few pips loss on a trade opened with a very large lot size by mistake, but my trade copier was set up with a max lot size limit (as he advised subscribers to do), thus the loss was very small on my account. These last two days have just been phenomenal to say the least.

Some days are just better than others...


Note: I feel that these last two posts of mine might be interpreted as advertisement for this signal, and I would like to say that I am not affiliated to Viper in any way. I just think he is a senior member of high value for the DF community, and I think he should be rewarded for his efforts in here. Keeping this thread alive would be good for everyone.
Title: Re: FX Viper
Post by: jshear on September 10, 2014, 02:30:44 AM
Thanks Peeper for your kind comments. Trading is tough and not every day is going to be a home run. But my goal is to remain positive with steady  growth.  I appreciate everyone else's support  too. 


Thanks

Jeff ;)
Title: Re: FX Viper
Post by: HFT Group on September 10, 2014, 03:02:48 AM
I also wish to offer thanks to Jeff for the skilful way he has traded out of the recent prolonged DD on the Viper MAMMs and closed for a tidy profit.  While other automated systems are failing now market volatility is increasing, Viper MAMMs continue to stand out as a solid investment with excellent long term returns. It also clearly illustrates the advantage of a skilled trader who can adapt to changing markets conditions as opposed to an automated strategy that can be profitable in a flat market, but begins to fail in a trending market or with an increase in volatility. Best Scalper and EasyWalker ea's are a good example of this........very successful and profitable over the quieter summer period but not so much now the markets have picked up.

Recent experience has only emphasised the fact that no automated strategy will beat a skilled and proficient manual trader who is capable of adapting to market changes. It is a pleasure to do business with Viper and a privilege to have Jeff trading our accounts.
Title: Re: FX Viper
Post by: mentosan on September 10, 2014, 04:58:10 PM
hi,

What kind of Stop loss do Fx Viper use ?
Title: Re: FX Viper
Post by: Ash on October 09, 2014, 08:56:31 AM
hi,

What kind of Stop loss do Fx Viper use ?


I don't believe there is one on any particular trade and this is why Viper oftens accumulates a large amount of drawdown.
Title: Re: FX Viper
Post by: grgr on October 09, 2014, 12:41:09 PM
Quote
Maximum Risk Per Trade

 The trader aims to keep risk below 10% of account equity per series of trades. This may be extended slightly if warranted by a high probability opportunity.

But I cannot find the info about WCS. Anyone knows?
Title: Re: FX Viper
Post by: Riptide on October 09, 2014, 04:55:26 PM
Quote
Maximum Risk Per Trade

 The trader aims to keep risk below 10% of account equity per series of trades. This may be extended slightly if warranted by a high probability opportunity.

But I cannot find the info about WCS. Anyone knows?

100% loss is the worst case scenario, but the chances of that happening are not very high. The market usually retraces to get Viper out of trouble. Or as some would like to say, Viper trades himself out of trouble  ;)
Title: Re: FX Viper
Post by: jshear on October 09, 2014, 06:23:38 PM
I trade and do that job needed to get out of a draw down and remain positive. My history has proven this time after time. Remain safe.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: grgr on October 09, 2014, 07:34:42 PM
Still don't see the answer. Do you respect the same rule like tfx did, to have a wcs of 27%?
Title: Re: FX Viper
Post by: Waleed121 on October 10, 2014, 07:15:34 AM
hi,

What kind of Stop loss do Fx Viper use ?


I don't believe there is one on any particular trade and this is why Viper oftens accumulates a large amount of drawdown.

Accumulates a large amount of drawdown? I see 13% DD on the master. LOL. Please use a better way of expressing yourself - it can be very misleading
Title: Re: FX Viper
Post by: HFT Group on October 30, 2014, 08:57:04 AM
Brilliant end to the month by the skilled Viper. 27%+ for October on both MAM's with all trades closed off........... :)
Title: Re: FX Viper
Post by: odysseus11 on October 30, 2014, 12:24:44 PM
Great results - congrats to Viper and all subscribers
Title: Re: FX Viper
Post by: nwboater on October 30, 2014, 01:51:40 PM
Hi Jeff/Viper,

This whole year I have been trying to diversify using yours and other signals. My only profitable ones have been yours and your 'Mentor' TrustedFX. In fact all the others have consumed most of the profit from you and Trusted so finally I stopped them in September. For a change my timing was perfect - You and Trusted knocked it out of the park this month!

So glad that I made the change. I just can't thank you enough for sharing your incredibly skilled trading!!!

Cheers,
Rod
Title: Re: FX Viper
Post by: grgr on October 31, 2014, 07:16:50 AM
@up, I agree. I am monitoring some signals from time to time, and only those 2 were constantly making steps forward.
Title: Re: FX Viper
Post by: jshear on December 18, 2014, 01:49:06 PM
To all my subs :Wishing you all Seasons Greetings and Happy New Year. May 2015  be a great year for you all.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: IFFTrader on December 18, 2014, 02:44:47 PM
Merry Christmas to you and your family. Thanks for the pips!
Title: Re: FX Viper
Post by: TradeNow on December 18, 2014, 04:47:31 PM
I wish you also a merry christmas and a happy and healthy 2015.  :D
Thanks for doing such a great job for us. Which cannot be taken for granted.

best regards
Mark
Title: Re: FX Viper
Post by: HFT Group on December 18, 2014, 10:45:03 PM
Thanks for a most successful year Jeff :) My Best Wishes to you and your family for an enjoyable Christmas and a safe and prosperous New Year.
Title: Re: FX Viper
Post by: kmf on December 18, 2014, 11:13:41 PM
Thanks Jeff for a prosperous year of trading.

Your trading style to keep all our funds safe is much appreciated :)

Merry Christmas to you and your family.


Kevin
Title: Re: FX Viper
Post by: peeper on December 19, 2014, 04:03:20 PM
Incredible 2014 year Jeff, thank you so much!
Best on the DF forum for sure, consistent and great customer care for your subscribers, thus worth the necessary trust to keep on going and make real profits.


[edit: this post is making me a "Hero member" on the DF forum... I have mixed feelings about becoming a hero by being a sub to Jeff :)
Title: Re: FX Viper
Post by: nwboater on December 19, 2014, 04:18:12 PM
[edit: this post is making me a "Hero member" on the DF forum... I have mixed feelings about becoming a hero by being a sub to Jeff :)

I've been a 'Hero Member' here for quite awhile but it was only when I stopped everything but Viper and his Mentor TrustedFx that I became a hero to my accounts profitability! As good as they are they couldn't keep up with the losses from my attempts to diversify. For the past several months with only Viper and TrustedFx I am finally realizing solid gains in Forex. Only wish I had made the change much sooner.

So I want to thank you very, very much Jeff for allowing us to follow Viper and TrustedFx. We are extremely fortunate to have traders of your caliber!

Hope you and your family have a very Merry Christmas and Holiday Season as well as a great and well deserved vacation.

Thanks Again,
Rod
Title: Re: FX Viper
Post by: nc! on December 21, 2014, 12:10:54 AM
Dear forum users, :)

Jeff, thanks for the opportunity given to us for following your signals. After years of failed eas and signals more I can remeber I have finnally managed to have profitable year. I have one account which started with Viper+HighReturn+SmartTrader+SmartScalper and ended with switching HighReturn to Reborn and the result is https://www.myfxbook.com/portfolio/v-st-ss/761088 (https://www.myfxbook.com/portfolio/v-st-ss/761088)   :-* 151% starting from last February still have one more month to end the year. There were some losses but also fast recovery which is important. This is a test acount real money, on Global Prime. Viper has the highest risk multiplier from the beginning. See the results.. Thanks Jeff, Asad, Vijay and Nick. Other accounts did badly do not want to list them here. The myfxbook link will be public untill end of this month for your reviews. Thanks Merry Christmas and Happy Healthy New Year to all. nc!  8)

Try this link http://www.myfxbook.com/members/ncfx/v-st-ss/761088 (http://www.myfxbook.com/members/ncfx/v-st-ss/761088)
Title: Re: FX Viper
Post by: grgr on January 16, 2015, 04:28:55 PM
I must admit that slippage on this signal is horrible. Till yesterday i had lost about 22% pips just due to slippage in january. I had much better results with trusted fx (less than 10%) ??? As a result, after today closed trade I am in red for the month instead of having few cents banked.  :-X Almost 50 pips lost for this month.. Tried it either with axi us02 and us09, the situation is the same.
Title: Re: FX Viper
Post by: jshear on January 16, 2015, 05:15:43 PM
Today I was forced to close my open Pound trade for a small loss. My MAMMs are flat for the month and I personally am down very small. This was to prevent the loss of control of open trades if FXCM was forced into liquidation. Today FXCM is taking to potential partners to make a cash injection and this will play out today or over the weekend. Personally I couldn't take the risk of having subs have a trade that I no longer control. I am always at the mind of being extra careful. I will be trading as usual on monday Have a nice weekend everyone.

Cheers

Jeff ;)
Title: Re: FX Viper
Post by: tcc97 on January 23, 2015, 08:21:01 PM
dear viper,

i like to express my gratitude as i have learned so much by observing the way you trade the viper live master account.

although i do not know your actual entry indicator therefore your actual set up, it still does not matter. to me it really does not matter as long as after backtesting we know we have a positive expectancy, we will be be profitable at the end of the day.

besides showing my gratitude, the other reason i am writing this post, is to share with other manual traders who are keen to learn and who are still learning how to intraday trade so they do not give up.

if i may, what i have learned observing your trading style over the 18 mths, is that your discipline to: (in no particular order)

a) keeping to your position sizing rules
b) employing a very low leverage
c) never waver during drawdown periods while keeping a cool head
d) trading in the direction of the fundamentals for a specific pair
e) trading only when there is a setup (opportunity) whatever your setup maybe
f) always thinking about capital preservation first, then only profit
g) lastly, which i think is the most important lesson ie you never do things out of your stated plan when things go wrong;
     for eg: during serious drawdown, you did not use higher leverage,  instead you use smaller leverage as your equity decreases, you did not increase your trading frequency vs your typical trading days. in short you did not misbehave when things do not go as expected. my full respect for this behaviour!

(manual traders out there know exactly what i meant)

listing down all the lessons does not mean much if i have no results to show especially in the form of myfxbook. it is a fxpig ecn real account funded with usd 1010.

http://www.myfxbook.com/members/tcc97/fxpig-real-eid/1104086 (http://www.myfxbook.com/members/tcc97/fxpig-real-eid/1104086)

notes:
1) returns should be halved as the leverage used is bigger than desired. reason being that fxpig ecn acc requires min 0.1 lot. for my equity, the desired lot size is 0.05.
2) the last few days had more trades because of eurusd volatility. after things settled down, roi and frequency of trades should go down dramatically.
3) if ever in future, the account blows or do not perform, it is all because of my fault specifically lesson (g) stated above and it has nothing to do with lessons learnt fr viper or my setup rules!

i still have a lot to learn as a few months of stats does not mean much to me. at the min, 12 mths of consistency is required to convince myself that i am able to do this with a bigger acc.

i like to end this post with a big thank you to you viper!  :)

yours humbly,
tcc97.

p/s: apologise for the longish post, folks.but i believe is a good sharing with traders who are also still learning how to intraday trade just like myself... 
Title: Re: FX Viper
Post by: smejko on February 02, 2015, 08:02:42 PM
Hello,

What do you think Viper's MAMM with AxiTrader or IC Markets?
Title: Re: FX Viper
Post by: robertopolgatti on February 03, 2015, 11:51:23 AM
Viper is one of the best trader I've never known!
MAMM account leaves you free, no vps, no stress, no additional cost. I think it's a great idea.
Title: Re: FX Viper
Post by: tcc97 on February 03, 2015, 02:43:04 PM
agreed!  :)

Viper is one of the best trader I've never known!
MAMM account leaves you free, no vps, no stress, no additional cost. I think it's a great idea.
Title: Re: FX Viper
Post by: smejko on February 03, 2015, 06:12:41 PM
I know that Viper is the best.

Question is only in which MAMM is better to join, AxiTrader or IC Markets.
Title: Re: FX Viper
Post by: IFFTrader on February 04, 2015, 03:08:57 AM
You can split the risk to both brokers depend on your investment. I have mine in axi and my wife in ICMarkets. I also invest with trusted in GP.
Title: Re: FX Viper
Post by: HFT Group on February 04, 2015, 03:21:46 AM
I know that Viper is the best.

Question is only in which MAMM is better to join, AxiTrader or IC Markets.

Performance is so close that it really is personal choice of broker.
IC Markets commissions are $0.50 per lot lower at $5.00 and spreads generally a little tighter.
Axi swaps are the best and this can have a very positive influence with trades that are open over an extended period. My accounts show Axi with a slightly higher monthly return and slightly lower DD. However my ICM account has been running 24 days longer that Axi.
Title: Re: FX Viper
Post by: ahtiong on February 05, 2015, 07:33:22 AM
Can fxviper open a new pamm at fxpig??
Title: Re: FX Viper
Post by: kmf on February 05, 2015, 08:09:34 PM
Can fxviper open a new pamm at fxpig??

I agree..That would be so awesome if it happened :)
Title: Re: FX Viper
Post by: jshear on February 05, 2015, 08:11:37 PM
That decision is up to Nick. Email and ask him.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: Tyler on February 05, 2015, 08:54:32 PM
yeah, I bet the performance will be better as well. Best broker at the moment.
Can fxviper open a new pamm at fxpig??
Title: Re: FX Viper
Post by: jshear on February 05, 2015, 09:01:33 PM
I personally like Global Prime, AXI and IC Markets has worked well for me too.


Cheers

Jeff ;)
Title: Re: FX Viper
Post by: ahtiong on February 06, 2015, 07:00:34 AM
That decision is up to Nick. Email and ask him.


Cheers

Jeff ;)

Why need to ask nick? Just ask kevin
Title: Re: FX Viper
Post by: nc! on February 06, 2015, 01:42:05 PM
It will be nice if nick starts a Global Prime MAM with Viper. I will join for sure with GP.  :-*
I will email nick this weekend....

nc!
Title: Re: FX Viper
Post by: J16 on February 06, 2015, 02:22:15 PM
i think they used to have one BUT viper or trusted fx withdraw due to one mistake by GP
Title: Re: FX Viper
Post by: nwboater on February 06, 2015, 02:27:43 PM
I don't think Viper ever had a Global Prime MAMM.

The problem with the TrustedFx Global Prime MAMM was cleared up and it is still running. Don't think it's available to new subs anymore though.

Would be great to see a Viper Global Prime MAMM!

Cheers,
Rod
Title: Re: FX Viper
Post by: jshear on February 06, 2015, 02:43:12 PM
I personally have accounts at Global Prime and I manage the back office for Trusted FX as he is my good friend and mentor. I can easily have a MAMM set up for Viper at Global Prime as I am already set up there. I will talk to Nick as I do personally like Global Prime. Have a nice weekend.

Cheers

Viper ;)
Title: Re: FX Viper
Post by: kmf on February 06, 2015, 07:07:17 PM
I personally have accounts at Global Prime and I manage the back office for Trusted FX as he is my good friend and mentor. I can easily have a MAMM set up for Viper at Global Prime as I am already set up there. I will talk to Nick as I do personally like Global Prime. Have a nice weekend.

Cheers

Viper ;)

I guess that means probably a no to a FXPIG Mam :(
Title: Re: FX Viper
Post by: kmf on February 06, 2015, 07:14:14 PM
Jeff, if you get a sec could you please check out the FXPIG thread and read what Kevin@FXPIG has to say about a possible Viper MAM at that broker.

Thanks :)
Title: Re: FX Viper
Post by: robertopolgatti on February 06, 2015, 10:09:25 PM
Jeff, if you get a sec could you please check out the FXPIG thread and read what Kevin@FXPIG has to say about a possible Viper MAM at that broker.

Thanks :)

Personally I won't send one penny to a...broker regulated by this http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers (http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers)
Segregated accounts and a strong regulation it's a must for a broker. Think to the recent facts...
Title: Re: FX Viper
Post by: peeper on February 07, 2015, 04:40:33 AM
Do you mind clarifying with more details. I don't' understand what you mean.
I'm almost sure FxPig has segregated accounts though, and they dealt with the "recent facts" pretty elegantly in my opinion.

Personally I won't send one penny to a...broker regulated by this http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers (http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers)
Segregated accounts and a strong regulation it's a must for a broker. Think to the recent facts...
Title: Re: FX Viper
Post by: robertopolgatti on February 07, 2015, 10:30:40 AM
Do you mind clarifying with more details. I don't' understand what you mean.
I'm almost sure FxPig has segregated accounts though, and they dealt with the "recent facts" pretty elegantly in my opinion.

Personally I won't send one penny to a...broker regulated by this http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers (http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers)
Segregated accounts and a strong regulation it's a must for a broker. Think to the recent facts...

Trading is a bet, why should you bet also on the broker if there are a tons of istitutional broker fully regulated in your country?
If Jeff trades on ICM/GP/AXI/FXCM... you should open an account there. It takes 5 minutes and you sleep like a baby.
Why people try to discover hot water with exotic brokers. I really cannot understand
Title: Re: FX Viper
Post by: Tyler on February 07, 2015, 10:36:18 AM
I think you sentence reassumes all.
FxPig is WAY better than all these broker you mentioned, never had and issue in years with them and support is not even comparable with anyone. I invite you to take a look on FxPig thread.
Cheers.
Do you mind clarifying with more details. I don't' understand what you mean.
I'm almost sure FxPig has segregated accounts though, and they dealt with the "recent facts" pretty elegantly in my opinion.

Personally I won't send one penny to a...broker regulated by this http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers (http://www.business.govt.nz/fsp/help-support/resources/fast-facts-about-fspr/for-consumers)
Segregated accounts and a strong regulation it's a must for a broker. Think to the recent facts...

Trading is a bet, why should you bet also on the broker if there are a tons of istitutional broker fully regulated in your country?
If Jeff trades on ICM/GP/AXI/FXCM... you should open an account there. It takes 5 minutes and you sleep like a baby.
Why people try to discover hot water with exotic brokers. I really cannot understand
Title: Re: FX Viper
Post by: Tempestshade on February 07, 2015, 12:25:36 PM
Yes, I have been with FXPIG for almost as long as I have been active in forex and have yet to have any major issue. Any issue (which was normally not related to their services whatsoever) I had was solved within 2-3 hours if not instantly.

Cheers,
David
Title: Re: FX Viper
Post by: robertopolgatti on February 07, 2015, 02:25:44 PM
I think you sentence reassumes all.

Really funny! Put your money where you prefer.
Title: Re: FX Viper
Post by: goodexp on February 09, 2015, 02:07:47 AM
who know what's difference between www.forexsignals.com (http://www.forexsignals.com) and en.simpletrader.net?

and if a account>$40000,viper singal not work?must join to the pamm account?

thanks
Title: Re: FX Viper
Post by: ForexSignals.com on February 10, 2015, 09:40:19 PM
who know what's difference between www.forexsignals.com (http://www.forexsignals.com) and en.simpletrader.net?

and if a account>$40000,viper singal not work?must join to the pamm account?

thanks

Hi Goodexp,

We're the same business. SimpleTrader is the site we use to provide the trade copier. ForexSignals.com is a site where we offer vetted signals and a free trading room and forum for the community.

You're correct that if you would like to trade more than $40k with FX Viper you'll need to join the MAM at IC Markets.
Title: Re: FX Viper
Post by: J16 on March 05, 2015, 04:04:34 PM
I think Viper deserves more attention here. I think Donna forum prefer EA but viper is good.

I think investing viper is a wise decision.
Title: Re: FX Viper
Post by: HFT Group on March 06, 2015, 12:01:57 AM
I think Viper deserves more attention here. I think Donna forum prefer EA but viper is good.

I think investing viper is a wise decision.

Totally agree and you are a wise trader to acknowledge it  ;)
Title: Re: FX Viper
Post by: ForexSignals.com on April 05, 2015, 06:05:09 AM
Hey guys,

Just a heads up that we're about to launch a MAM at AxiTrader, but what is most exciting is that this account will be regulated by ASIC. 

I'm excited to announce that we've negotiated a rate of only $3.75 per lot (round turn) for all clients as part of the new MAM.

Stay tuned for more details on how to join.

Title: Re: FX Viper
Post by: kmf on March 23, 2015, 11:23:49 PM
Is FXViper Axitrader MAM still available or just ICMarkets MAM?
Title: Re: FX Viper
Post by: HFT Group on March 23, 2015, 11:28:33 PM
Is FXViper Axitrader MAM still available or just ICMarkets MAM?

Yes it is.
Title: Re: FX Viper
Post by: meremirror on March 31, 2015, 04:22:25 PM
FX Viper is indeed an interesting trader, however I don't think his trading style fits all types of investors, and that might be the reason he does not get too much attention here in the forums.

I personally do not like how FX Viper's equity is constantly way bellow his balance, seems like the account is in a drawdown most of the time.

Smart Trader and the newly introduced Harbor FX are accounts that I personally find to be more attractive, keeping the equity and balance curve close to each other. It is a shame what happened to Smart Trader account with the huge CHF movement on January, however I am glad to see has has managed to recover most of it (that's very impressive). Hope to see the solid performance he used to have in the future.

I am not trying to say that Smart Trader or Harbor FX are better than FX Viper, what I am trying to point out is that different traders have different trading styles, and are meant to fit different types of investors.

it is good that forexsignals.com offers quality traders with different trading approaches for people to choose from. However I do not understand why Nick's seems to promote FX Viper more than the other traders, I might be wrong, but that's the feeling I get when I only see his account in Nick's forum signature. Why not show the other great traders the webpage has to offer too?
Title: Re: FX Viper
Post by: Steve Cole on March 31, 2015, 05:18:23 PM
FX Viper is indeed an interesting trader, however I don't think his trading style fits all types of investors, and that might be the reason he does not get too much attention here in the forums.

I personally do not like how FX Viper's equity is constantly way bellow his balance, seems like the account is in a drawdown most of the time.

Smart Trader and the newly introduced Harbor FX are accounts that I personally find to be more attractive, keeping the equity and balance curve close to each other. It is a shame what happened to Smart Trader account with the huge CHF movement on January, however I am glad to see has has managed to recover most of it (that's very impressive). Hope to see the solid performance he used to have in the future.

I am not trying to say that Smart Trader or Harbor FX are better than FX Viper, what I am trying to point out is that different traders have different trading styles, and are meant to fit different types of investors.

it is good that forexsignals.com offers quality traders with different trading approaches for people to choose from. However I do not understand why Nick's seems to promote FX Viper more than the other traders, I might be wrong, but that's the feeling I get when I only see his account in Nick's forum signature. Why not show the other great traders the webpage has to offer too?



First let me enlighten you on the rules for this forum since your new here and I see that someone needs to actually correct your miss leading post.

1)   As a vendor you should not be on any other vendors thread given what seems to a “trashing comment” about another vendor like the one below

“I personally do not like how FX Viper's equity is constantly way bellow his balance, seems like the account is in a drawdown most of the time.”

2)   Also your very much mistaken or your trying to mislead the facts. Smart Trader NEVER ,EVER recovered from any of the CHF trades as you claim not one pip, the simple truthful facts are that Smart Trader closed them out in HUGE losses as can be seen on the posted pictures of his account , and took over a 9% hit (lose) just 2 days ago and also last month, That is not called a recovery so get your facts straight that call a lose!  And if you call that very impressive your Comment (below) then you have a long way to go as a vendor, or is that why you used the “Custom Analysis” to cover up your own 76% draw down on your on account which by the way I bet it’s a “chicken shit “amount and that is why you have the balance covered up! Or is it like Vipers with almost 200K? why don’t you show us so we can have a good laugh.


 “however I am glad to see has has managed to recover most of it (that's very impressive). Hope to see the solid performance he used to have in the future.”


Consider yourself lucky that as of today your thread has not been shut down because vendors are NOT allowed to start their own threads.

No to mention the fact that your fxbook has what maybe 3-4 months of trading with hidden history, and to top it off hidden balance with the odds of it nothing more then chicken shit money?

Oh ya I forgot welcome to Donna Forex, my name is Steve,

PS : I am not a Viper sub , I am just in the mood today to let another signal provider ( vendors ) with unproven track record along with a 76% draw down what ever the excuse is and hidden balance trash other vendors thread with misleading info and try to misdirect there intend by false claims.
Title: Re: FX Viper
Post by: nwboater on March 31, 2015, 06:15:20 PM
I have been a Viper sub for a year and a half. Along with his mentor TrustedFX (for about 9 months) I have finally become profitable in Forex. I have tried many other systems both EA and subbing manual traders and NONE have given me the consistent profitable returns of Viper/Trusted. Most have lost!

Nova Trader you are taking a very bad approach as a new vendor here. It is foolish of you to attack a long proven and respected trader like Viper. If you want to build a following you will need to prove yourself over a long period of time. As for me I am so turned off by your tactics that I could not ever imagine subbing to you.

Rod
Title: Re: FX Viper
Post by: meremirror on March 31, 2015, 06:46:13 PM
FX Viper is indeed an interesting trader, however I don't think his trading style fits all types of investors, and that might be the reason he does not get too much attention here in the forums.

I personally do not like how FX Viper's equity is constantly way bellow his balance, seems like the account is in a drawdown most of the time.

Smart Trader and the newly introduced Harbor FX are accounts that I personally find to be more attractive, keeping the equity and balance curve close to each other. It is a shame what happened to Smart Trader account with the huge CHF movement on January, however I am glad to see has has managed to recover most of it (that's very impressive). Hope to see the solid performance he used to have in the future.

I am not trying to say that Smart Trader or Harbor FX are better than FX Viper, what I am trying to point out is that different traders have different trading styles, and are meant to fit different types of investors.

it is good that forexsignals.com offers quality traders with different trading approaches for people to choose from. However I do not understand why Nick's seems to promote FX Viper more than the other traders, I might be wrong, but that's the feeling I get when I only see his account in Nick's forum signature. Why not show the other great traders the webpage has to offer too?



First let me enlighten you on the rules for this forum since your new here and I see that someone needs to actually correct your miss leading post.

1)   As a vendor you should not be on any other vendors thread given what seems to a “trashing comment” about another vendor like the one below

“I personally do not like how FX Viper's equity is constantly way bellow his balance, seems like the account is in a drawdown most of the time.”

2)   Also your very much mistaken or your trying to mislead the facts. Smart Trader NEVER ,EVER recovered from any of the CHF trades as you claim not one pip, the simple truthful facts are that Smart Trader closed them out in HUGE losses as can be seen on the posted pictures of his account , and took over a 9% hit (lose) just 2 days ago and also last month, That is not called a recovery so get your facts straight that call a lose!  And if you call that very impressive your Comment (below) then you have a long way to go as a vendor, or is that why you used the “Custom Analysis” to cover up your own 76% draw down on your on account which by the way I bet it’s a “chicken shit “amount and that is why you have the balance covered up! Or is it like Vipers with almost 200K? why don’t you show us so we can have a good laugh.


 “however I am glad to see has has managed to recover most of it (that's very impressive). Hope to see the solid performance he used to have in the future.”


Consider yourself lucky that as of today your thread has not been shut down because vendors are NOT allowed to start their own threads.

No to mention the fact that your fxbook has what maybe 3-4 months of trading with hidden history, and to top it off hidden balance with the odds of it nothing more then chicken shit money?

Oh ya I forgot welcome to Donna Forex, my name is Steve,

PS : I am not a Viper sub , I am just in the mood today to let another signal provider ( vendors ) with unproven track record along with a 76% draw down what ever the excuse is and hidden balance trash other vendors thread with misleading info and try to misdirect there intend by false claims.

Please allow me to clarify a couple of things:
1) My intention was never to bash FX Viper. I believe I was very clear in my post I was just posting a personal opinion regarding his trading strategy and how it differentiates from other traders at forexsignals.com. I didn't know I was not allowed to post personal opinions here (I thought that was what forums were for) just because I have linked my signal in my signature
2) I created my thread because another member of the forum asked me to do it.
3) Regarding Smart Trader, I clearly wrote "recover most of it". If going from 45% growth, back to almost 200% is not recovering mostof it, then I don't know what it is.

As you said I am new to this forum and its rules. I was not under any circumstance trying to bash Viper and even less to promote my signal. Thanks for your warm welcome to the forum Steve, I was having a good time participating in different threads, but your rude attitude has shown me that this is probably not the best place to express personal opinion without being intentionally bashed or judged.


Title: Re: FX Viper
Post by: nwboater on March 31, 2015, 07:09:33 PM
Nova Trader,

You may be totally correct that the opinions stated are ONLY your "personal opinions". But as a vendor your statements here will always be looked upon as coming from a vendor. Too bad, but in the scammy world of Forex it is very difficult for most readers to be able to trust that there is a difference between your Vendor statements and your personal opinions..

BTW I am not at all calling you a scammer, it's just that most of us have encountered so many who are that it takes a LONG time to develop trust and respect for any new vendor. We unfortunately have had to learn to be very, very cautious in what we believe.

Cheers,
Rod
Title: Re: FX Viper
Post by: kmf on March 31, 2015, 09:32:09 PM
@ Steve Cole,

You are right about your "chicken shit" comment. :)

His balance is $404.64 according to his Simpletrader page in his link.

Viper is by far the most professional trader I've come across in my many years of trading forex :)
Title: Re: FX Viper
Post by: forex4life on March 31, 2015, 10:41:52 PM
Haha Nova, thanks for making me laugh, comparing the King Viper with Vijay, Harbor....(*)
A day you'll understand what safe trading, excellent MM, self control, cool head is.
And yes Viper style is VERY SPECIAL and not for everyone, I confirm.

(*) this does not mean Vijay, Harbor, don't have talent.
Title: Re: FX Viper
Post by: meremirror on March 31, 2015, 10:51:35 PM
I have a couple of comments I would like to point out:

1) You guys seem to misunderstand that I am posting here as a normal person and forum user. As I have stated my commends are personal and have nothing to do with the signal I am offering. I still do not understand why you keep bringing my signal into the equation. As far as I know having a personal account does not makes my opinion less or more valid.

2) It is you guys that keep bringing my own personal account into the topic, did I compare my self with FX Viper at any moment? No I didn't! I even clearly said in my original post that it was not my intention to compare who was a better trader, Viper, Smart or even Harbor, because as far as I know, Forex is not a competition about who is better. All of the above mentioned traders have a solid system that works, and that is what matters. I was only stating how I personally prefer systems that keep their equity curve closer to their balance.

3) About my account balance. Yes it is very small. You can check both in my Simpletrade and PAMM profiles that the accounts have a balance of $400 and $370 respectively. Now I have to ask, does having a bigger account balance makes my opinion more important in the forum? I'll let you guys know that I actually feel very proud of my actual balance. Yes sadly I did not have thousands off dollars to start an account, but I am proud of what I have archived with what little I had. Yes, turning $100 into $400 has not made me rich, but for me $100 was all I had to start my trading journey, and I am glad my journey has now taken me up to $770 (summing up both accounts)
 
4) Finally and more importantly.I do not wish to turn Mr Viper's thread into a personal discussion. If you guys wish to continue discussing about me and my trading please do it my thread, I have no objections with that. I am participating in this thread just as a normal person and still don't understand why suddenly me and my account are being attacked in such a rude and disrespectful way.

PS. Thanks Rod for your polite comments. I agree the Forex world is full of Scams and it takes a lot of work to develop trust, I personally have been victim of some of them. Hope I can continue to meet polite and friendly people like you in this forum.
Title: Re: FX Viper
Post by: ForexSignals.com on April 01, 2015, 01:02:43 AM
The reason I promote FX Viper over TradeAlerter and Smart Trader is simple.

FX Viper Subscribers have made a shiit load of money over the past 2 years.

The past 12 months have been rocky for TradeAlerter and SmartTrader, and while clients aren't making money following them I'm less inclined to promote them.

Both TA and ST are great traders and I expect solid returns over the long term, however nobody wants to follow a trader that's going through a cold patch.


Title: Re: FX Viper
Post by: e1vis on April 14, 2015, 07:44:02 PM
So how will this differ from the existing Axi MAMM run through HFT Group?


Quote from: ForexSignals.com link=msg=336026 date=1428210309

Hey guys,

Just a heads up that we're about to launch a MAM at AxiTrader, but what is most exciting is that this account will be regulated by ASIC. 

I'm excited to announce that we've negotiated a rate of only $3.75 per lot (round turn) for all clients as part of the new MAM.

Stay tuned for more details on how to join.


Title: Re: FX Viper
Post by: Waleed121 on April 15, 2015, 02:36:12 PM
Quote from: e1vis link=msg=337902 date=1429037042

So how will this differ from the existing Axi MAMM run through HFT Group?


Quote from: ForexSignals.com link=msg=336026 date=1428210309

Hey guys,

Just a heads up that we're about to launch a MAM at AxiTrader, but what is most exciting is that this account will be regulated by ASIC. 

I'm excited to announce that we've negotiated a rate of only $3.75 per lot (round turn) for all clients as part of the new MAM.

Stay tuned for more details on how to join.





Not a direct question to you but maybe someone can answer, sorry for being ignorant but what is the benefit of it being ASIC regulated other than attracting investors since its 'regulated' and even so, what are those benefits from the other MAMMS? Nick - I believe you'll be fit to answer this one? Just interested to know.

Thanks.
Title: Re: FX Viper
Post by: BillH on April 19, 2015, 06:17:01 PM
Quote from: ForexSignals.com date=1427846563 link=msg=337697


nobody wants to follow a trader that's going through a cold patch.



True, but that may be the best time to do so.



Title: Re: FX Viper
Post by: HFT Group on April 20, 2015, 07:02:19 AM
Sadly, AxiTrader have deemed HFT Group require an AFSL licence due to association with a MDA. Axi Viper MAM clients join the MAM via HFT Group IB to receive the discounted commission rate. HFT Group cannot justify an AFSL licence solely on the basis of a single modest but very profitable MAM. It was never my intention to run or manage MDA's but I was suprised that simply by association, an AFSL is now required.

I believe the current USD Axi Viper MAM will be discontinued shortly, hopefully coinciding with the opening of the new AUD Axi MAM.

In as much as this is a sad occasion for me personally given the incredible performance of the current Axi MAM and access to the trading skills of Jeff, I encourage members to look very seriously at this long term investment. I withdrew my initial investments some time ago after attaining 100% return and have been trading and earning on pure profits since then............you ain't gonna come across that opportunity too often in retail Forex.



Quote from: e1vis link=msg=337902 date=1429037042

So how will this differ from the existing Axi MAMM run through HFT Group?


Quote from: ForexSignals.com link=msg=336026 date=1428210309

Hey guys,

Just a heads up that we're about to launch a MAM at AxiTrader, but what is most exciting is that this account will be regulated by ASIC. 

I'm excited to announce that we've negotiated a rate of only $3.75 per lot (round turn) for all clients as part of the new MAM.

Stay tuned for more details on how to join.




Quote from: e1vis link=msg=337902 date=1429037042

So how will this differ from the existing Axi MAMM run through HFT Group?


Quote from: ForexSignals.com link=msg=336026 date=1428210309

Hey guys,

Just a heads up that we're about to launch a MAM at AxiTrader, but what is most exciting is that this account will be regulated by ASIC. 

I'm excited to announce that we've negotiated a rate of only $3.75 per lot (round turn) for all clients as part of the new MAM.

Stay tuned for more details on how to join.



Quote from: e1vis link=msg=337902 date=1429037042

So how will this differ from the existing Axi MAMM run through HFT Group?


Quote from: ForexSignals.com link=msg=336026 date=1428210309

Hey guys,

Just a heads up that we're about to launch a MAM at AxiTrader, but what is most exciting is that this account will be regulated by ASIC. 

I'm excited to announce that we've negotiated a rate of only $3.75 per lot (round turn) for all clients as part of the new MAM.

Stay tuned for more details on how to join.



Title: Re: FX Viper
Post by: 3827 on April 20, 2015, 08:37:40 AM
MDA means Managed Discretionary Account?
Title: Re: FX Viper
Post by: HFT Group on April 21, 2015, 02:49:37 AM
Yes
Title: Re: FX Viper
Post by: megabuck on April 25, 2015, 05:48:22 PM
Great communication, great mangement, great gains and low stress.  Is there a possibility  of an USD Global mamm?  After the SNB incident looking to spread funds across multiple brokers and a fluid way to reinvest GP VIP funds due to cap.
Title: Re: FX Viper
Post by: ForexSignals.com on June 29, 2015, 07:38:21 AM
Hey guys,

Just a quick update to let everyone know that FX Viper trade copier subscriptions are no longer available.

New clients are invited to join our managed account. More details are available here:https://www.forexsignals.com/forum/showthread.php/267-FX-Viper-Managed-Account
Title: Re: FX Viper
Post by: ForexSignals.com on September 22, 2015, 05:11:22 AM
Hey guys,

I've just completed a 2 part documentary series with FX Viper. The first part features Jeff trading in Toronto as well as an interview with his wife on what it's like to live with a full time trader with the second part filmed during the client conference in Las Vegas earlier in the year.

Part 1 - https://www.youtube.com/watch?v=lSKT6o3gpo0

Part 2 - https://www.youtube.com/watch?v=RsHCaZHghUo
Title: Re: FX Viper
Post by: kmf on September 22, 2015, 09:03:56 PM
Awesome work Nick on making this documentary series on FX Viper and on the success of ForexSignals. You and Jeff and your fantastic team at SimpleTrader/ForexSignals.com are helping a great many members  :)

Viper rules :)
Title: Re: FX Viper
Post by: TradeNow on September 26, 2015, 09:14:57 PM
Quote from: kmf link=msg=347075 date=1442952236

Awesome work Nick on making this documentary series on FX Viper and on the success of ForexSignals. You and Jeff and your fantastic team at SimpleTrader/ForexSignals.com are helping a great many members  :)

Viper rules :)


I agree....No one can hold a candle to them  :)  Hope they will continue with the signal the next years to build up the account.  8)

Title: Re: FX Viper
Post by: Okda on October 25, 2015, 05:44:05 PM
plz delete
Title: Re: FX Viper
Post by: jshear on November 10, 2016, 01:50:04 PM
Hi everyone. (Also Posted on ForexSignal.com which was deleted) I want you all to read this post as it is very important and my last post here. Over the last 3 years it had been my pleasure to have traded your accounts via the MAMM or signal service here. I am going to announce as of today I will be leaving Forex Signals.com.  As promised I got everyone out of the draw down without any losses to your accounts. Even investors who had no positive swaps. I have had time to think over the past week   and I have decided I am not interested any longer  to continue  trading  anymore on a public forum. Yesterday’s loss by a client  was the nail in the coffin. I feel really bad seeing clients loose money when really there was no reason for them to. I believe postings in public forums causes undo axiety that  results with investors making foolish decisions.I really don’t want to be left in a position going forward where this could happen again. I am pleased to announce that any clients are more than welcome to join me and my partner Trusted FX as personal client. We have MAMMs at ATC Brokers, Global Prime, AXI Trader and ADS Securities and will set up at other brokers as needed. We are willing to take on any clients who want to remain with us but without the nonsense of this forum. You will be able to find out more details on our web site International Forex Group .com  I want to take this time to thank everyone at Forex Signals for there support and for the journey we all took together here. I wish everyone good luck which ever decisions each of you make.




Regards

Viper


http://www.internationalforexgroup.com

https://www.myfxbook.com/members/IFGGroup/mt4-15050721/1809565/LssioyyDOXyZlYBnxxTG
Title: Re: FX Viper
Post by: jshear on November 10, 2016, 06:21:44 PM
Just so everyone  knows I am now getting attacked on the the old site about how my trading is not good and how I am a very volatile. This is so far from the truth.  As everyone knows I have done my job and done it well and Nick knows that.  Now I am getting black mailed to come back and Nick will delete his post about me. This is really not fair as I decided to leave for my own personal decision and to move on with my life trading my private client money as usual. But for Nick to try to black mail me to come back to trade for him is really crossing the line. I will never play into those sleazy games!!


Cheers

Viper
Title: Re: FX Viper
Post by: ForexSignals.com on November 10, 2016, 06:54:05 PM
Grow up Jeff. I was talking about you coming back on Skype so we could talk about it (after you deleted me).

Either way, I'm happy to remove the post temporarily if it will get you to pick up the phone.

A 4 year relationship where you've made roughly $1,000,000 and we're left communicating over Donna Forex.... what a way to end it.
Title: Re: FX Viper
Post by: jshear on November 10, 2016, 07:21:15 PM
Nick you have shown your true colours here. You black mailed me to come back and you would delete the nasty post about me on your site. Don't lie and tell everyone its about skpye as that is not the truth. You asked me to come back to trade for you and will delete the nasty post about me if I come back to trade. I am sorry you are taking me leaving so bad. Its my right as a trader to leave you as I have done a great job and want no further to trade for you.

Cheers

Viper :)
Title: Re: FX Viper
Post by: jshear on November 10, 2016, 09:36:41 PM
Nick you're only interested in collecting commission from all your traders do the people on the forum know that you get 50% of everything that comes into us I bet they didn't know that!!!

You're only objective is to push traders to take unnecessary risk and we saw what happens just like when you pushed amplified  and when you pushed silence specialist. You push and you have a little regards for customers accounts the same thing you just recently did with good boy where he blew up and hit the 40% draw down limit twice then what was your next step to use pretty words and stick a nonqualified trader where the account finally blew up again. What does that make now? Five accounts from five traders that have blown up and the users valuable trading capital.

You use nice little sweet words and your trickery by offering people two free months hoping to retain them because of your sheer greed after they've suffered major losses and let's not forget that you're making money each and every time they blow up their accounts plus getting 50% of all the monies that I earned over the years.

Just as much you collect 50% plus the 50% that you collect it and keep collecting from every trader on your site you're only objective is greed

Furthermore I don't wish to speak to you anymore all you're trying to do is to convince me to come back there's nothing left to talk about the only objective subject that matters to you is that I increase my lot sizes and put accounts in harms way

Thank you

Viper



PS I had a call with Nick and asked him to remove his lying post that and I wanted to do was leave his site graciously. I want peace in my life and don't want to go down this road. His had no desire to do so!!!
Title: Re: FX Viper
Post by: ForexSignals.com on November 10, 2016, 10:20:01 PM
Quote from: jshear link=msg=358907 date=1478813801

Nick you're only interested in collecting commission from all your traders do the people on the forum know that you get 50% of everything that comes into us I bet they didn't know that

You're only objective is to push traders to take unnecessary risk and we saw what happens just like when you pushed amplified when you pushed silence specialist you push and you have a little regards for customers account the same thing you just recently didwith good boy

Where he blew up and hit the 40% drawl down limit twice then what was your next step to use pretty words and stick a nonqualified trader where the account finally blew up again what does that make now five accounts from five trailers that have blown up the in users valuable trading capital and all you do is the following

You use nice little sweet words and your trickery by offering people two free months hoping to retain them because of your sheer agreed after they've suffered major losses and let's not forget that you're making money each and every time they blow up their accounts plus getting 50% of all the monies that I earned so if I $1 million

Just as much because you collected 50% plus the 50% that you collect it and keep collecting from every trader on your site you're only objective is greed

Furthermore I don't wish to speak to you anymore all you're trying to do is to convince me to come back there's nothing left to talk about the only objective subject that matters to you is that I increase my lot sizes and put accounts in harms way

Thank you

Viper



PS I had a call with Nick and asked him to remove his lying post that and I wanted to do was leave his site graciously. I want peace in my life and don't want to go down this road. His had no desire to do so!!!


Finally... The truth comes out!

It's all about the money.

The 50% split is mentioned on our website countless times, it's not a secret. That share of the fees are used to run the site, employ staff, pay licensing costs ect. We've now got 17 people on our payroll (well, 16 now that you've left) and we continue to reinvest in the business because we believe in it's potential.

If you wanted to renegotiate all you needed to do is ask, instead of making up these stories about how the comments on the forum have lead you to think that starting your own venture is a better way to go.

I'm not interested in debating you here. Ultimately your trading has gone down hill in a big way over the past 2 years so I'm viewing this as a blessing. We can now allocate our energy to traders that share our vision.
Title: Re: FX Viper
Post by: jshear on November 10, 2016, 10:48:53 PM
Nick:


Don't try to make this out to be something that is not.This is not about you running your site. This is about you simply pushing for larger lots so you can generate more money because of your greed.

It doesn't take the amount of traders on your site donating and forced into giving you 50% of their profits for you to be able to run your site you were just lying and trying to scam everybody like you constantly do and did with all the traders who blew up people's accounts.

Address the real issue here about people's accounts being blown up. They probably didn't know behind the scenes that you probably push those other traders forcing them to blow up their accounts and taking everyone else with it and you just simply walked away onto the next big shiny trader that came your way.


But just to prove my point here in a public forum tomorrow morning I will make a major announcement concerning your greed and we will see how you deal with The truth prepare yourself.

I will expose you for what you are you!!!


Cheers

Viper :)



Title: Re: FX Viper
Post by: uandot2B on November 11, 2016, 12:56:26 AM
Hi Jeff/ Nick,

First of all I want to say Thanks to Jeff for your trading , work ,ability and allowing us smaller clients to be involved.
And a Thanks to Nick for having the site and all your work to bring it all together for us to be able to participate.

It is unfortunate that things have come to this point between yourselves.

Jeff Many people (Subs and MAM Clients) on forexsignals are extremely grateful for you having the ability to get the accounts flat again and in a good profit.

Jeff people believe you are honest and trustworthy as you have shown over the years time and time again (4 years ).

Forex Signals and Nick is the most honest/Transparent site that I have come across in this industry of forex. (Where dishonesty/scams are at every corner).

Please decide how you both move forward Gracefully without smashing the only 2 good places to be apart of for many people/Subs client.

We Love you both and want to remain on the journey with people who are honest and can be trusted.

Please consider that a lot of good people have come to follow both of you, So and any attacks/attempts to crush one another will destroy what you had intially come here to create.

" A place where people won't be scammed".   

Please consider the impact of your actions on the many other good people who have decided to be on the journey with you both.

Thanks
Title: Re: FX Viper
Post by: jshear on November 11, 2016, 02:37:18 AM
Thank you for your post and reply. I have attempted to leave Nick in a very professional way but he has turned this into a soap opera posting on his site negative lies about me and now a video. All I want in my life is quiet and peace. I want to be left alone to do what I do best is trade and to take care of my clients money. I have for 4 years for Nick shown myself as a very professional person time after time. I have done by job without fail. I offered all my loyal clients if they wanted to come to me as one of my personal clients as have had for many years without fail. If they want they are free to continue with me at one of my brokers as usual. If not then no problem. But Nick has decided to make this into a big drama. I am looking to leave and live my life in peace. I am sorry it had to go this way. It was not my choice it was his.Anyway I am not going back to Nicks site ever. He has slandered me and taken it too far. Any clients who want me to manage there hard earned money as usual are welcome to continue the journey with me. Enjoy and remain safe.


Cheers

Viper  :)  :)


www. internationalforexgroup.com
Title: Re: FX Viper
Post by: peeper on November 11, 2016, 09:00:04 PM
Hi,

I thought I'd find you here...

As I said on the FS forum, my two cents is that too much fighting online will make you both look bad no matter how justified you believe your side of the story is. If anything, you've both been very helpful to one another over the years to develop your business and popularity, it was a beautiful partnership to see develop and most of us are very grateful to have had the opportunity to partake in it. And yes, we know it wasn't easy. Thus I merely wish you guys to resolve your disagreement to the best of your ability and hopeful end up in ok terms, no matter what direction you decide to take.

As of Fx Viper trades, I am certainly interested in continuing to trade with you. I was interested in everything you put your mind to before this signal even existed, and am still a great fan of the performance you've been delivering and how you just got us out of DD without any losses again. I do have a question about what is being stated on your website however.

I believe most pple will be interested to know what Fx Viper is and what Trusted Fx is, since I was invested in both at a time and now the later seems to be the only option on your website. Would you mind saying a little more about this?

Thanks in advance, and good luck with the whole transition thing and the pressure that might ensue for a while.
-p


PS: As courtesy for promotion, I think most people will be interested in seeing my results with you (it's lacking a few months because of broker change)

https://www.myfxbook.com/members/peeper/fx-viper-x3-gp/957342




Title: Re: FX Viper
Post by: jshear on November 12, 2016, 12:28:38 PM
Thanks Peeper for your kind comments. I was not looking for a fight when I left Nicks site. I only wanted peace in my life. I am sorry for him he took it in this direction. Moving on the good news is the Viper trades you get from this point on will be Viper 2.0 or Viper on steroids. Why you may ask? Because my good friend Mentor and partner will be trading the account too when I am not around. For example my mentor does way more trades than me. He is a much better trader. We will have a set up that takes his great talent and when I am at my desk I will trade. So we call this Viper on Steroids or Viper 2.0. So it will be business as usual for all of you. There will be big announcements on my daily blog on our web site. Please keep an eye on that. Once again I want to thank all my loyal Viper clients who have trusted there hard earned money with me over the past 4 years. The nice emails I have been getting from you all I really appreciate. As you all know you can find me now at www.internationalforexgroup.com. Have a nice weekend and I hope to see you all over there. 


Cheers

Jeff/Viper

Internationalforexgroup.com

PS Peeper the my FX book looks great.
Title: Re: FX Viper
Post by: WizardFX on November 12, 2016, 08:09:06 PM
Hi Jeff,

Glad I've managed to find you here. Going by the FS forum and some of Nicks latest video's I can completely relate to why you decide to go your own way. You've consistently made myself money of the last two years and for this I'm extremely grateful, so thank you.

I'm keen to get back involved with you again. Looking over the website I'm assuming it'll just be a case of setting up a new account with IC Markets, who I'm currently with and just transferring my balance?

Many thanks
Ollie
Title: Re: FX Viper
Post by: uandot2B on November 13, 2016, 02:17:21 AM
Would you please let me know or include on your website when you further update:

1/At Axitrader Forex Signals had a MAX DD limit of 40% that all trades would be closed at if reached.

Joining yourself direct at (IFG), Is the MAX DD 40% (Limit) still on accounts at AXitrader with you at (IFG) ? or any of your brokers ?.
As guide what sort of Max DD levels do you expect ?

I believe you try and keep drawdown low and have shown your ability to trade out of DD. So a limit is not important to me and only a restriction to you as a trader (IMHO) .

2/Is the Risk set on all your brokers MAM's the same ? or is there a choice of a x2 or x3 risk to the master ? If So, Would you please provide information.

3/ HWM ? ,Perf Fee % ? and is Perf fee % less based on funds invested ?

4/Is there any discount on the Commission ?, Information on Each Brokers Commission for each R/turn.


Look forward to moving forward with you.

Thanks :)
Title: Re: FX Viper
Post by: ForexSignals.com on November 13, 2016, 04:43:36 AM
Hey guys,

I'm not going to get much further into this other than to say you guys don't know Jeff as well as you think you do.

A few forum posts, an edited video (done by me) and a profitable return to date is all you've been exposed to, however that's the filtered side of the story.

The fact of the matter is that everyone's friends when we're making money, but the moment you hit a drawdown you won't hear from him, probably for months, just like has been the experience on our forum (you may not have noticed but he didn't post on the forum for about 3 months while he was in his biggest drawdown, he wouldn't even answer my skypes at the time). So the only reason the Viper train kept going when he was struggling is because we were here pitching in and keeping communication open.

The idea that he's now going to trade, do client management and support all at the same time is borderline laughable. It's when the chips are down that a person's true colours are shown, and you guys are yet to see that side of Jeff.

Wasn't the reason he cited for leaving because he couldn't deal with upset clients? But now he wants to deal with clients directly? How does that make any sense?

Anyway, anyone that's brave enough to risk their money under this setup will see for themselves.... Next time you find yourself in a 20% drawdown with the EURUSD pushing against you and your emails going unanswered, perhaps you'll appreciate the need to work with an organisation that's here through the good times and the bad.


Title: Re: FX Viper
Post by: primi on November 13, 2016, 10:39:33 PM
Now every person has a few flaws and I have no doubt that Jeff can be difficult to deal with. His trading is also horribly inefficient. But he's been making money for us for a long time and would likely keep on making money for everybody. It's really unfortunate that it all ended this way. Sure he made a name for himself during your cooperation and he made a ton of money as well. But he was also the glue that held Forexsignals together. Without him it would have all fallen apart I'm sure of it. I've been around for a long time and I've seen pretty much every trader fail. Except him.

I'm not going to chase him around because I don't like this MAM thing at all. If he was to offer signals of sorts, then I'm still interested. If nothing else because I want to have a way of controlling his trades on my account when he hits some uncomfortable DD again. Because he will. And I'm not just going to hope he does the right thing and answer my email.
Title: Re: FX Viper
Post by: jshear on November 13, 2016, 11:57:24 PM
Primi: I never got any email from you? Please go to my web site and you can send me an email. I won't be offering signals as I only offer to my clients managed accounts. You are more than welcome to join me with my personal clients.


Thank you

Jeffrey Shear :)

jshear@internationalforexgroup.com
internationalforexgroup.com
Title: Re: FX Viper
Post by: jshear on November 13, 2016, 11:58:08 PM
The Truth Behind why I left trading for Forexsignals.com
November 13, 2016
|
FX Viper
To all my Viper investors, there is much being said as to the nature of my recent departure from Forex Signals and given that the information being put forth is entirely incorrect I feel the need to set the record straight.  Prior to my meeting Nick, I was very content to trade for my high net worth clients with my good friend and mentor. At the time, my life was very simple and I very much enjoyed my work.  My partner and I only took on 1 million dollar plus accounts. Given the nature of these types of investors, I typically had no headaches or stress in my life. Regardless, I saw an opportunity with Nick to offer people with far less money to invest the opportunity to follow our trading and this seemed like a win-win situation.  However, as time went on I was able to see a pattern with Forex Signals that left me feeling unsettled. Traders who were being promoted as the best traders would trade at very high risk and leverage and eventually blow accounts . I witnessed this time and time again and I warned Nick that these traders were not in the best interest of his clients nor was I happy with the reflection they had on me given my association as one of his traders. Silent Specialist, Amplified, and many more who I can't recall by name have long been deleted from the site. I have seen traders go in and out like a revolving door as recently as some guy name Ryan.  After many conversations with Nick, this pattern continued and as a result I made the decision months ago that I was going to disassociate myself with his site but only after all my investors were out of my draw down and were completely flat. Had I not wanted or cared to protect my investors I would have left months ago. I run a very clean business and want to keep it that way. I also want to make it clear that this had absolutely nothing to do with money as Forex Signals provided a very small portion of the income I earn from trading Forex. I feel a tremendous sense of relief having left and the support that I have been witnessing in the last few days from many of you has only made me more energized and excited about our future. Finally, I had no intention of even addressing the blatant lies that Nick has been posting on forums and videos because I felt that it was a waste of time and energy and that my focus was better spent on trading and ultimately helping anyone who wanted to continue to trade with me the opportunity to do so.  However, I will say that I find it completely laughable that Nick would criticize my trading and try to play off my exit as a positive for his investors when I was always his number one trader and demonstrated my ability to offer consistent profits for four consecutive years.  I think we can all agree that these types of returns cannot be based on luck but only skill and if I chose to stop sharing information on my trades as Nick mentioned this was due to the fact that Nick was constantly misinforming our clients.  As a final example, I discovered about a month ago that without being consulted Nick hired someone who offers the lines that he demonstrated on his video of my charts.  His plan was to offer these to clients for free which is probably the most unethical thing you can do to a trader.  In a nut shell, he was offering what he felt was my "secret sauce" in trading. In retrospect, those lines haven't been on my charts for over six months and they are only a small portion of the process that determines my trades.
Once again, I want to thank all of you for hundreds of supportive emails that I have received over the weekend.  Business is never simple but life goes on and all of us have an incredible journey ahead for years to come.

Cheers

Viper  :)  :)

www.internationalforexgroup.com
Title: Re: FX Viper
Post by: crashev on November 22, 2016, 09:19:46 AM
Nice soap opera going here.

Leaving behind what really happend I know Jeff is hell of a trader,who also inspired me to start trading using Your senses and techniques instead of EAs.

Nick's videos about Jeff were also very inspiring.

It's a pity Your relationship ended this way,but it happens and both should move forward.
Hope will be still able to see Jeff's trading in action on myfxbook.

Nick: Jeff was Your best trader and was the person who attracted people to Your site, everything beyond that it's just another crap. Of course it's only my opinion.


Title: Re: FX Viper
Post by: forexbaby on December 07, 2016, 03:44:14 PM
anyone has the video? Everything about FX VIPER from ST is gone.

Title: Re: FX Viper
Post by: forexbaby on December 07, 2016, 04:11:12 PM
Nice soap opera going here.

Leaving behind what really happend I know Jeff is hell of a trader,who also inspired me to start trading using Your senses and techniques instead of EAs.

Nick's videos about Jeff were also very inspiring.

It's a pity Your relationship ended this way,but it happens and both should move forward.
Hope will be still able to see Jeff's trading in action on myfxbook.

Nick: Jeff was Your best trader and was the person who attracted people to Your site, everything beyond that it's just another crap. Of course it's only my opinion.

Yes, no people actually come close to FX VIPER. The premium chat room, is just another way of earning money from people.

Lets put it this way. Nick is a businessman and Viper is a trader.
Title: Re: FX Viper
Post by: Conway on December 09, 2016, 05:46:18 AM
Since Jeff went out on his own I've done some digging into him and his company. I've found a few worrying issues that i think are important to share here.

"International Forex Group Inc 2010" no longer exists. It was created in Florida in 2011 then dissolved in 2012 as you can see from the attached company search his mentor is also noted on the company documents.

Nicholas Agar - 50 Holly Street, Unit 202, Toronto

Then when you dig further into this guy you'll find a string of trading related company's that have also been dissolved. So I have to ask why he's trading under a trading name that no longer exists and why does his mentor have such a checkered history?

His site also notes

"International Forex Group offers a unique investment opportunity for investors, as IFG charges solely on the performance of your investment; in other words, if you don't make money, we don't either"

However you can clearly see on the LPOA's that he takes a $2 rebate on all trading volume. So in actual fact, he's making money regardless of what happens to his clients.


The LPOA's are also in his personal name which I find weird for a "fund" claiming to manage 1000+ clients and over $100mil.

Jeffrey Shear

11 Charleston Lane

New Province, Nassau, Bahamas


Does all this matter?

I think it does. If Jeff is representing himself to be something he isn't then how can we trust anything he says?


My conclusion is that he's not managing more than a handful of clients and is working it out as he goes along, because this is nothing more than a Mickey Mouse operation.

For what it's worth, I did email Jeff on jshear@internationalforexgroup.com with this information however after initially replying, he ignored the questions.
Title: Re: FX Viper
Post by: WaltDisney on December 09, 2016, 02:11:20 PM
My conclusion is that he's not managing more than a handful of clients and is working it out as he goes along, because this is nothing more than a Mickey Mouse operation.

You are using a copyrighted name without permission in a way that I don't apreciate.
Please modify your post in a way that doesn't offend anybody.
Thank you
Title: Re: FX Viper
Post by: valforex on December 11, 2016, 07:02:46 PM
Do they have a droid app?
Title: Re: FX Viper
Post by: nick3232 on December 13, 2016, 10:23:12 PM
good luck jeff
Title: Re: FX Viper
Post by: Tradenow on May 04, 2018, 07:03:26 PM
Another white hope is gone.....

https://www.myfxbook.com/de/members/FXViperTrading/fx-viper-live-master-account/616112

Viper is gone. Anybody has more infos about Jeff and his trading plans?
Title: Re: FX Viper
Post by: nwboater on May 04, 2018, 07:24:58 PM
Another white hope is gone.....

https://www.myfxbook.com/de/members/FXViperTrading/fx-viper-live-master-account/616112

Viper is gone. Anybody has more infos about Jeff and his trading plans?

It appears that he is going big time, or at least trying to. http://www.internationalforexgroup.com/

I suspect that he is doing this with his 'Mentor' Trusted. Note that he now only does managed accounts and they have a 1 million minimum. They also claim 700 million AUM.

His old Viper FxBooks are gone but this IFG Group ATC MAMM still appears to be running. https://www.myfxbook.com/members/IFGGroup/atc-mamm/1809565/LssioyyDOXyZlYBnxxTG

Note the DD! Also note in that DD that there are trades still open from Feb 16.

In fairness to Jeff, I made some good money during the early days of Viper. I also made money from Trusted MAMM's. Both of these are very similar strategies.

It seems that over time the market became much less favorable to his system as witnessed by his declining monthly profits.

Today I would not invest in his type of system even if he was still making Viper available as a signal, and he was still as profitable as he was in the early days.

Cheers,
Rod

Added on edit:
The link above for the ATC MAMM is now gone too. It seems no more traces of Viper left.
Title: Re: FX Viper
Post by: jshear on May 04, 2018, 07:38:11 PM
I only manage accounts of 1 million dollars or more. Except for my existing Viper clients who I will continue to trade. The link on my web site is the correct link and is updated daily. Remain safe.


Cheers

Jeff :) :)
Title: Re: FX Viper
Post by: Tradenow on May 04, 2018, 07:42:14 PM
Thanks for all the infos. This was fast   :)
Title: Re: FX Viper
Post by: jprize on May 06, 2018, 11:55:28 PM
Always knew viper was a blowhard who would run out of luck eventually
https://www.myfxbook.com/members/jsshear/international-forex-group-master-account/2433079
another "master account" bites the dust
Title: Re: FX Viper
Post by: AttilaG on May 08, 2018, 10:46:38 AM
http://www.internationalforexgroup.com/trusted-brokers

   1 million dollars with bucket shops  ?   :) :) :) :) :) :) :)
Title: Re: FX Viper
Post by: grgr on May 08, 2018, 12:52:53 PM
Althought i made some money with viper this is quite amazing that people are willing to invest a lot of money - 1M in such a risky strategy.
Title: Re: FX Viper
Post by: Tradenow on May 08, 2018, 01:09:04 PM
Althought i made some money with viper this is quite amazing that people are willing to invest a lot of money - 1M in such a risky strategy.

Are they for real? I dont know what happened but its hard to believe that someone will invest anything in this strategy. But maybe i am only ignorant.
Title: Re: FX Viper
Post by: jprize on May 09, 2018, 12:58:12 AM
Does anyone really believe there are people with a million to invest who are dumb enough to put it with this blowhard.
Title: Re: FX Viper
Post by: HFT Group on May 09, 2018, 07:49:09 AM
Does anyone really believe there are people with a million to invest who are dumb enough to put it with this blowhard.

A little respect is warranted here. Quite a few members of this forum (including me) did very well with Viper in the early days. I personally had profits of 100% on 2 accounts.
Title: Re: FX Viper
Post by: grgr on May 09, 2018, 10:48:33 AM
yes, in early days, then from 5% monthly his performance dropped to 0,5% monthly and 50% drawdown.
imho it was just a pure luck i closed this signal with a profit
Title: Re: FX Viper
Post by: HFT Group on May 09, 2018, 01:10:44 PM
Yes, the early days were excellent.
Title: Re: FX Viper
Post by: nwboater on May 09, 2018, 01:24:27 PM
Jeff also arranged for PAMM's by his Mentor 'Trusted' to be available to members here. These were also very profitable.

Cheers,
Rod
Title: Re: FX Viper
Post by: grgr on May 09, 2018, 02:15:54 PM
It isnt profitable anymore. However they manage the dd "controlled" so they didnt blow this yet.
Title: Re: FX Viper
Post by: AttilaG on May 09, 2018, 04:53:06 PM
 Jeff and his friend   thought they were smarter than the market and could not believe that  the EU would rise!
                 
  Stubborn as a newbie   :)
Title: Re: FX Viper
Post by: AttilaG on May 19, 2018, 06:06:53 PM
 Anyone want to  invest  in a Professional  ?   :) :) :) :) :) :)

   https://www.myfxbook.com/members/jsshear/international-forex-group-master-account/2433079
Title: Re: FX Viper
Post by: donbon2 on May 19, 2018, 08:46:47 PM
you know what this tells me - is that the guy is human

he sells at the lows and makes money - the market rises he goes long he makes money

the market reverses again and now he is trapped with shorts at the low - longs at the high and a massive DD

I am not sure what you do here - probably nothing and sit and wait for the next trend to come through.

Just shows though - he really didnt understand what he was doing... to get himself stuck in such a stressful situation
Title: Re: FX Viper
Post by: nwboater on May 20, 2018, 02:17:19 AM
you know what this tells me - is that the guy is human

he sells at the lows and makes money - the market rises he goes long he makes money

the market reverses again and now he is trapped with shorts at the low - longs at the high and a massive DD

I am not sure what you do here - probably nothing and sit and wait for the next trend to come through.

Just shows though - he really didnt understand what he was doing... to get himself stuck in such a stressful situation

He's been doing this for years and made a lot of money, both for himself and his investors ( I was one). But for the last few years his profits have been steadily declining and I believe he is still using the exact same system.

In the past I don't believe he ever closed a trade at a loss, nor did he use stop losses. He would always wait for the market to come back to him.

I hope he can somehow pull out of this mess. In past years he was very helpful to many of us here at DonnaForex.

Good luck Jeff. :)

Cheers,
Rod
Title: Re: FX Viper
Post by: HFT Group on May 20, 2018, 03:33:49 AM
you know what this tells me - is that the guy is human

he sells at the lows and makes money - the market rises he goes long he makes money

the market reverses again and now he is trapped with shorts at the low - longs at the high and a massive DD

I am not sure what you do here - probably nothing and sit and wait for the next trend to come through.

Just shows though - he really didnt understand what he was doing... to get himself stuck in such a stressful situation

He's been doing this for years and made a lot of money, both for himself and his investors ( I was one). But for the last few years his profits have been steadily declining and I believe he is still using the exact same system.

In the past I don't believe he ever closed a trade at a loss, nor did he use stop losses. He would always wait for the market to come back to him.

I hope he can somehow pull out of this mess. In past years he was very helpful to many of us here at DonnaForex.

Good luck Jeff. :)

Cheers,
Rod

Very well said Rod.
Title: Re: FX Viper
Post by: donbon2 on May 20, 2018, 06:36:16 AM
yeah I am sure he is a good guy and probably stressed out now -- but what I meant was the market figured him out and then went to just the right levels to trap him.

now it is very hard to decide what to do -- probably I would close and start over -- but it is alot of investor money and they probably want him to keep trading ... hard to get it right with that much stress.
Title: Re: FX Viper
Post by: AtlantaSean on May 21, 2018, 02:50:22 AM
Periodically checking as a fellow trader these past years of Jeff's account grinding higher, you can see his style of floating a 10% drawdown was somewhat containable. Obviously he is trading with a belief, with firm confidence in a macro direction. His choice to hedge long/short the same instrument is very tricky but I can assure you being in a pressure cooker like that may let some self doubt creep in. Fundamentally the EUR/USD is a massive long-term short. Best of luck Jeff, you have the strength to trade your way out of it.

-Sean
Title: Re: FX Viper
Post by: wotter11 on May 29, 2018, 04:15:22 PM
I only manage accounts of 1 million dollars or more. Except for my existing Viper clients who I will continue to trade. The link on my web site is the correct link and is updated daily. Remain safe.


Cheers

Jeff :) :)


As much as I'd like to vouch for you Jeff.  You keep deleting stuff and now I see the link to your myfxbook that showed your drawdown has been deleted.   You are also showing an incorrect screenshot on your website (you were at 50%+ drawdown).   I'm starting to think your strategy has failed and this is all a marketing ploy to save face.

I rarely comment on here anymore but decided to because these shenanigans must stop.
Title: Re: FX Viper
Post by: Waleed121 on June 01, 2018, 10:43:47 PM
Seems like FX Viper is over, hiding Myfxbook's and now misleading information on the website. It's sad to see it all end after many years, but having floating DD for years on end and open trades with no SL is not really the way to trade forward, especially with huge capital, I know many traders who successfully make a living from Forex and have Stop loss's in place, Jeff is a good trader but the strategy sucks and hardly any gains with a huge mountain of DD even though it was 10% the gains did not justify it.

Title: Re: FX Viper
Post by: ceperasdf on July 03, 2018, 04:02:26 PM
Hi Jeffrey, really great trading, i not have $$ for invest, but interesting to see how your trading going.
I hope you open myfxbook monitoring again for us.
Good luck to you and your family.
Title: Re: FX Viper
Post by: Thomas Danforth on August 08, 2018, 10:50:24 PM
Seems like FX Viper is over, hiding Myfxbook's and now misleading information on the website. It's sad to see it all end after many years, but having floating DD for years on end and open trades with no SL is not really the way to trade forward, especially with huge capital, I know many traders who successfully make a living from Forex and have Stop loss's in place, Jeff is a good trader but the strategy sucks and hardly any gains with a huge mountain of DD even though it was 10% the gains did not justify it.


Or the guy makes a ton of money and has gotten to the point where he doesn't care what random people on a forum have to say about him.
Title: Re: FX Viper
Post by: reinerh on August 09, 2018, 01:37:27 AM

jeff was long gu and eu from much higher levels then what it currently is.

does anybody know if his accounts survived ??
Title: Re: FX Viper
Post by: jwatts7701 on August 13, 2018, 01:02:42 PM
i would be curious to. To all the people like Jeff who say the market ALWAYS comes back. Well yes, thsi may be true. But sometimes it takes YEARS to do so, and it decimates all traders even a slight bit over leveraged before it does.
Title: Re: FX Viper
Post by: muskokaman on August 14, 2018, 12:17:07 AM
I believe he is in about 55-60% drawdown at this point and from how i see it it's going to get worse. Most likely cause serious damage to all client funds. Might be the end of his career!
Title: Re: FX Viper
Post by: nick3232 on August 31, 2018, 02:26:43 PM
i would be curious to. To all the people like Jeff who say the market ALWAYS comes back. Well yes, thsi may be true. But sometimes it takes YEARS to do so, and it decimates all traders even a slight bit over leveraged before it does.
ya absolutly
Title: Re: FX Viper
Post by: ahtiong on October 03, 2018, 03:33:09 PM
Why no more myfxbook already?

How is his results?
Title: Re: FX Viper
Post by: Nasdaq100 on October 04, 2018, 09:16:45 AM

Jeff has bashed so many traders on this forum for the past decade, only to come up with such stupid trading strategy and claim
that it is based on science when in fact its a pure hold and pray.

targeting a few pips and risking thousands of pips in process. How did investors fall for this nonsense is mind boggling!
Title: Re: FX Viper
Post by: jwatts7701 on October 09, 2018, 10:47:09 PM
they almost fell for it, because it seemed to not be as bad early on. But then got worse over time. I almost put a lot of capital in with viper. I am very thankful that I did not though. I think Jeff probably just made enough money that he does not care any more unfortunately.
Title: Re: FX Viper
Post by: petersurrey on November 02, 2018, 11:54:44 AM
Yet another $M fund collapses - although with this one it did have enough red flags well in advance - scalping without stops, regular 30% DD, adding to losing positions...all for less than few % per month...if that. These guys begin to think their invincible after escaping previous DD   - I would be seriously worried though having had such a public profile if I were the trader.....
Title: Re: FX Viper
Post by: Realcashbot on November 02, 2018, 09:17:36 PM
Is there a myfxbook link for it.
I remember it back few years ago.
Changed to steady capture?
Title: Re: FX Viper
Post by: ahtiong on January 13, 2019, 11:35:15 AM
How is the results now? Hold and pray won't work. U can do it yourself by putting no sl and aim 1 pip profit.
Title: Re: FX Viper
Post by: jprize on January 13, 2019, 10:15:22 PM
The guy confused some good luck for trading genius. Just a blowhard whose false bravado caught up to him.
Title: Re: FX Viper
Post by: jwatts7701 on January 16, 2019, 06:25:35 PM
I seriously hope that this pam is still not open is it? The only one who made money with this is Jeff, or those who invested early and got out.
Title: Re: FX Viper
Post by: nc! on January 17, 2019, 10:47:34 AM
I made money with Jeff (Viper)and Asad (Reborn)but got also got out early since DD was accumulating pray and hope adding to looser....