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Author Topic: FX Viper  (Read 231258 times)

Offline Spacey

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Re: FX Viper
« Reply #45 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.

Online primi

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Re: FX Viper
« Reply #46 on: July 23, 2013, 08:32:03 PM »
Got it. +2.5 but running an older copier.

Offline Aplmustdie

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Re: FX Viper
« Reply #47 on: July 23, 2013, 08:44:07 PM »
I'm on 1.7 as well, 1.1 pips after commission

Offline SteveOSling

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Re: FX Viper
« Reply #48 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?

Offline Shortos

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Re: FX Viper
« Reply #49 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? :)

Offline rippa

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Re: FX Viper
« Reply #50 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

Offline odysseus11

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Re: FX Viper
« Reply #51 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.
http://www.forexfusion.com
stop gambling. start trading.

Offline ForexSignals.com

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Re: FX Viper
« Reply #52 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.

Offline dukas

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Re: FX Viper
« Reply #53 on: July 24, 2013, 08:58:36 PM »
Yep, absolutely agreed with you on this, Nick.

Online ccjhuang

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Re: FX Viper
« Reply #54 on: July 25, 2013, 12:53:25 AM »
things are not looking good for the AUDUSD trade...still in 30+ pips drawdown :(

Offline Aplmustdie

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Re: FX Viper
« Reply #55 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?

Offline ForexSignals.com

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Re: FX Viper
« Reply #56 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.


Offline Aplmustdie

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Re: FX Viper
« Reply #57 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. 

Offline ForexSignals.com

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Re: FX Viper
« Reply #58 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.
« Last Edit: July 25, 2013, 01:07:21 PM by LiveForexTrading »

Offline Shortos

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Re: FX Viper
« Reply #59 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

 

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