collapse

Author Topic: 240code  (Read 3723 times)

Online donnaforex

  • Administrator
  • Hero Member
  • ******
  • Posts: 4276
240code
« on: February 24, 2014, 08:57:30 PM »
The owner of 240code.com contacted me today to tell me about their services:

www.240code.com

I'm not sure if they planned to participate on the forum or not, but here is a topic for discussion anyway. Please share your comments, questions, experiences, etc if you have traded with 240code before :)
Follow DonnaForex on Facebook and Twitter.
 
If you need to contact me, email admin@donnaforex.com or Skype 'donnaforex' or PM via the forum.

Offline 240Code.com

  • Jr. Member
  • **
  • Posts: 6
Re: 240code
« Reply #1 on: February 24, 2014, 10:18:45 PM »
Hi,

If anyone has any questions or comments about our site please ask!

Thanks for reading

240Code

Offline Bigsteve

  • Live free or die
  • Elite
  • Hero Member
  • *****
  • Posts: 1981
Re: 240code
« Reply #2 on: February 25, 2014, 02:32:13 AM »
It would be nice if the vendor could explain the low risk strategy with details.
What would be the max trades, money management, smart exit or hard stop etc?
His website sheds no information at all about it and I am surprised he offers no description of it.

Offline expertrader

  • www.expertrader.org
  • Full Member
  • ***
  • Posts: 226
Re: 240code
« Reply #3 on: February 25, 2014, 07:18:20 AM »
Also in their MyFXBook there is an EURUSD trade with -196 pips opened since Feb 6th, an another one with -62 pips opened Feb 13th.

And if you look the trading history more deeply you can find this:

01.23.2014 10:38    01.30.2014 11:02   EURUSD    Sell    1.36271    1.36049   22.2    7d    1.05%      
01.23.2014 10:29    01.30.2014 11:02   EURUSD    Sell    1.36180    1.36053   12.7    7d    0.60%      
01.23.2014 10:10    01.30.2014 12:01   EURUSD    Sell    1.36027    1.35892   13.5    7d    0.25%      
01.23.2014 10:00    01.30.2014 12:01   EURUSD    Sell    1.35909    1.35891   1.8    7d    0.03%      
01.23.2014 09:52    02.07.2014 10:32   EURUSD    Sell    1.35741    1.35625   11.6    15d    0.10%

5 grid sell trades opened when EURUSD started to rise, The account went from 45% profit to 28% (including floating). The trades were closed in profit a week later excepting one which was closed another week later (also in profit).

I don't know what does they mean with "low risk", but it looks like they do grids and don't like to close losing trades.

Offline Nasdaq100

  • Full Member
  • ***
  • Posts: 400
Re: 240code
« Reply #4 on: February 25, 2014, 08:02:42 AM »
Going from 45% to 28% is completely acceptable considering that they made 60% profit in 60 days?

The account went sideways for Four months, and I suspect they switched strategies to produce these profits? I have not looked deeper into the stats, as I am not a big fan of grid trading at all.

Offline expertrader

  • www.expertrader.org
  • Full Member
  • ***
  • Posts: 226
Re: 240code
« Reply #5 on: February 25, 2014, 08:13:12 AM »
Yes the drawdown is acceptable, but it's the fact that losing trades are keep open until they eventually become profitable. This isn't money management, it's gambling. What would happened if EURUSD kept rising?
As you can see I'm not a fan of grid trading too ;D

Offline 240Code.com

  • Jr. Member
  • **
  • Posts: 6
Re: 240code
« Reply #6 on: February 25, 2014, 08:33:16 AM »
Hi,

Regarding the money management we use stop hidden and stop fixed. Stops that are hidden to the broker are based on DD. DD cannot not rise above 15% and if it does positions will be cut. Normal DD is around 2-4%. There are no max amount of trades. we could have 1 or 10 open trades at anytime all dependent on DD. A trade can be open for 5 minutes to 2 or 3 weeks if necessary.

The size of orders is always linked with the current risk and MM. Entry size can be different from the 1st order to the last order. Lot sizing can increase or decrease depending on market conditions. It's very important to follow this signal with the same risk management and absolutely do not use any kind of multiplier. Copy with the same risk settings to achieve slow but steady growth.

Offline 240Code.com

  • Jr. Member
  • **
  • Posts: 6
Re: 240code
« Reply #7 on: April 02, 2014, 02:10:11 AM »
The low risk strategy has now had 5 winning months in a row with an average of 11% a month.

http://www.myfxbook.com/members/fxmgm/240codecom/835896


We have a new trader as well called Dennis Sherman but only 1 month history, (as he has not traded on mt4 before so this has just been set up) so i am sure it will be very interesting to see in a couple of months time.

Offline 240Code.com

  • Jr. Member
  • **
  • Posts: 6
Re: 240code
« Reply #8 on: May 10, 2014, 04:30:20 PM »
Our medium risk account is now on new equity high!

http://www.myfxbook.com/members/platinumfxsignal/240code-trial-trader/818170


Our new trader Dennis Sherman is off to a great start with two solid months.

http://www.myfxbook.com/members/appybaboon/240codecom-dennis-sherman-signal/773142

If anyone has any questions about the two trading styles please ask

Have a good weekend

240Code

Offline Bigsteve

  • Live free or die
  • Elite
  • Hero Member
  • *****
  • Posts: 1981
Re: 240code
« Reply #9 on: May 11, 2014, 01:10:18 AM »
Just curious why I did not see a subscription link or what it costs. Did I overlook something.

Offline 240Code.com

  • Jr. Member
  • **
  • Posts: 6
Re: 240code
« Reply #10 on: May 11, 2014, 06:57:22 PM »
Hi,

If you go to performance on the website and to the individual traders you will see the price and information about each trader.

Our price is dependant of the account you are trading.

For accounts less than 10,000USD its 120$ per month

For account between 10,000USD to 100,000 USD its 240$ per month.

For accounts above 100,000USD its negotiable.

We also offer 2 weeks trial for 1$.

Hope this clears it up

240 Code

 

browse forum