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Author Topic: Forex Accurate  (Read 33367 times)

Offline vernon

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    • Forex Accurate
Re: Forex Accurate
« Reply #15 on: February 03, 2011, 06:39:48 PM »
It's a tough week..... >:(

Especially for our Goliath and Samson traders which their trading system based mainly on EURUSD.

The market was very choppy and uncertain this 2 weeks.

Although EURUSD has already very overbought and all indicators has shown SHORT signals.
...4 of 5 of our traders predicted the EURUSD should going down after this.


...and yet EURUSD still went up  >:(, continue hit our stop loss. :'(

It seems currency trading crowds have swiftly shifted directions on the Euro/US Dollar currency pair, buying aggressively into Euro losses on the heels of the European Central Bank interest rate announcement.

...before finally dropped sharply today with ECB Press Conference and Fed Chairman Bernanke Speaks, and broke below its channel...Finally here come the profit.


Tomorrow if the NFP report favor to USD, next week the severity of the drop should be breathtaking.

This is a good example that everyone can make money in trending market... :P
but a good trader will be tested on a choppy and uncertain market.
 
Anyway we are continue making money on Titan, Hyperion and Sagittarius.
« Last Edit: February 05, 2011, 04:12:36 PM by vernon »

Offline freedomfx

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Re: Forex Accurate
« Reply #16 on: February 04, 2011, 11:50:21 AM »
Hi Vernon, don't worry with 1-2 weeks setbacks. It's understandable. The market has been very difficult lately, I follow dailyfx analysis, almost 80% all wrong wrong predicting the market movement.

As long as you focus to deliver profit, more and more people will follow you.

I'm interested with Titan trading system. When will you release it?   

Offline vernon

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Re: Forex Accurate
« Reply #17 on: February 07, 2011, 07:57:09 PM »
Hello FreedomFx,

Thank you for your letter.  ;D
In fact we are still in beta tester period, so we still make some modification into our portfolio and trading systems.
We remove some not profitable trading system and adding better ones.
Several experience trader has show interest to join our team.
Expect there will be more additional trading program in our system next week.  :D

Offline richardking

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Re: Forex Accurate
« Reply #18 on: February 10, 2011, 02:29:46 PM »
Hi Guys, I appreciate what you are doing here. And thank you for the extended time for us, the beta tester.
I'm currently testing Titans and Sagittarius. I'm not sure if they can be combined into one trading account but so far it's profitable.  :) 

Offline bobby1971

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Re: Forex Accurate
« Reply #19 on: February 17, 2011, 12:13:57 AM »
It's a tough week..... >:(

Especially for our Goliath and Samson traders which their trading system based mainly on EURUSD.

The market was very choppy and uncertain this 2 weeks.

Although EURUSD has already very overbought and all indicators has shown SHORT signals.
...4 of 5 of our traders predicted the EURUSD should going down after this.


...and yet EURUSD still went up  >:(, continue hit our stop loss. :'(

It seems currency trading crowds have swiftly shifted directions on the Euro/US Dollar currency pair, buying aggressively into Euro losses on the heels of the European Central Bank interest rate announcement.

...before finally dropped sharply today with ECB Press Conference and Fed Chairman Bernanke Speaks, and broke below its channel...Finally here come the profit.


Tomorrow if the NFP report favor to USD, next week the severity of the drop should be breathtaking.

This is a good example that everyone can make money in trending market... :P
but a good trader will be tested on a choppy and uncertain market.
 
Anyway we are continue making money on Titan, Hyperion and Sagittarius.

Nice analysis, Vernon.

The EUR in fact drop to 1.3425 this week.

I test Samson and it start making profit again.
It seems this trading system is making money on trending period and loss on choppy period.
I will consider to increase / decrease the lostsize during these time.... any suggestion?

Offline fpu

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Re: Forex Accurate
« Reply #20 on: February 22, 2011, 07:09:35 PM »
Finally, the system is here. 49$/month for 5 systems. The price seems to be ok for me so I purchased FA. The trade copier is one of the most stable Ive ever seen. Only contra so far, I could not manage to attach a portfolio (like Solomon) to my live account.

Best regards and have a great day
Falk


Offline vernon

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Re: Forex Accurate
« Reply #21 on: February 23, 2011, 09:21:21 AM »
Finally, the system is here. 49$/month for 5 systems. The price seems to be ok for me so I purchased FA. The trade copier is one of the most stable Ive ever seen. Only contra so far, I could not manage to attach a portfolio (like Solomon) to my live account.

Best regards and have a great day
Falk

Solomon is a trading portfolio. It's not a trading system itself. Portfolio is a combination of several trading systems.

By creating a portfolio consists more than one trading system, if one trading system has a bad day, your other trading system may have done better. Smooth your trading results!
This is the same basic principle use by a hedge fund manager. A hedge fund will diversify between different investments to balance poor performing investments with good performers.

The current composition as below:



then combined into 1 Portfolio using the Dashboard menu inside Member Area.

The composition may change from time to time.

As this is a sample of a portfolio, if you combined those trading system above, you will get a trade results as below



In fact, we encourage our members to combine their own portfolio; because not every one has the same risk settings / trading style preference.

Offline bobby1971

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Re: Forex Accurate
« Reply #22 on: February 24, 2011, 01:33:55 PM »
The membership price is very affordable compares to the other signal service or trading room. I like Achilles signals and testing on Cassiopeia.
I will report later.

Offline NedimHad

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Re: Forex Accurate
« Reply #23 on: February 25, 2011, 04:11:42 AM »
Hi Vernon,

I signed up as beta tester and I continue to use the trial signup. I am thrilled about the quality of the final product and I am watching out to test new systems in development stage.

Actually some of the Accurate sytems trade minor pairs my portfolio is currently underserved such like the CAD or JPY based pairs. So with Accurates help I am able to diversify much more as 50% of my gains were based on EURUSD and 70% incl. EURCHF, 85% incl. Gold and rest comming from AUDUSD and GBPUSD and slightly losses on the other currency pairs. So for me it is time to break the dominance of the EURUSD pair.

It would be great if you could describe each system a little bit more, and escpecially describe what makes a good porfolio.

As in Forex there are a lot of newbies, I guess it would be great to describe terms like PF, Drawdown, Risk Reward in the user guide. Understanding the right balance of the different terms is the most important factor to build a solid and longterm profitable strategy.

I will stay as long as results are consistent from the different systems. As I signed up for the exclusive membership to use up to 5 trading systems I am wondering what would be the price point for the gold membership?

Time being my portfoilio consists of: Apollo, Achilles, Zeus, Cassiopeia and Golliath and around 40 other EA strategies.

My risk setting is conservative, I allow 1%-3% of equity per trade. Further based on my own judgement on support and resistance I sometimes close trades manually as most EAs dont care about psychologial price levels (fibo, pivots, highs/lows or simpy news).

Overall as per below the statistics from my personal account:

Profit Factor is around 2
Risk Reward Ratio +12
Wining Trade %: around 80%
monthly return around 50% over the course of the last 12 months
avg. trades/day: 30
Strategies applied: Gap, Scalping, Swing, Trendfollowing, Reversal, News, Trend, Peak, Correlation, Pattern (Gartley, Headfake, Harmonic, Candlestick etc.)

I am diversifying as much as posible and I guess thats the main reason being successful.

Most people will think that I am overtrading the account, but IMHO this is not the case. It is running day and night and hunting for pips. So far the equity line is consistently going up on a weekly base and I had only 2 losing days in a row with 4% of equity which recovered on the next 2 days and marked a new high.

It would be very easy to achieve 100% or 200% per month in average by increasing the risk per trade but this would rather be gambling than trading and risking to face a major drawdown or margin call.
« Last Edit: February 25, 2011, 05:07:42 AM by NedimHad »
Its no rocket science, profitable trading is the right balance between greed and fear!

Offline richardking

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Re: Forex Accurate
« Reply #24 on: February 25, 2011, 02:10:47 PM »
Nedimhad, thanks's for the info. I'm a new in forex trading and there's so much forex services out there selling average products.
I found that to become a good forex traders need time and money. I joined several trading rooms but most of them are useless.
especially for some one that doesn't know the forex market very well (daily range, Fibonacci, retracement, fundamental news, etc).

I also would to have a guidance/tutorial how to setup a good portfolio with a balance between risk and reward.
I'm not looking for a superb return, just a steady return should be ok! ;D

Offline bobby1971

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Re: Forex Accurate
« Reply #25 on: February 27, 2011, 09:20:45 AM »
You can create portfolio consist of several trading systems. Just attach the EA on a chart for each trading system. If you create a portfolio from 2 trading system, you need to attach the EA on 2 charts with different Trade ID.

Offline FXsavvy

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Re: Forex Accurate
« Reply #26 on: February 27, 2011, 10:36:40 AM »
so most your systems show an average of one month trade record or a little more

I wouldn't allow a trader or an EA to trade my account without at least 6 months of trading record, but that is just my openion.

though, I am curious on how you have made your judgement to let these traders (possibly all newbies) to do business, unless you have seen their longer term results, then please do present them

Moreover, can you please post your results on myfxbook website? myfxbook is the best in every verification/analysis aspect

Offline vernon

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Re: Forex Accurate
« Reply #27 on: February 28, 2011, 12:51:06 AM »
We choose traders that have more than 6 months trading history and suitable with our risk settings.
You can see the performance of the traders at our blog for longer period. We update it regularly.
The performance inside our member member area is our own performance using their signals.

We will not send the trader signals based on their performance only.
We tested every signals that came from the traders before we start sending it to our members.
« Last Edit: February 28, 2011, 01:00:54 AM by vernon »

Offline vernon

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Re: Forex Accurate
« Reply #28 on: February 28, 2011, 12:59:15 AM »
Hi Vernon,

I signed up as beta tester and I continue to use the trial signup. I am thrilled about the quality of the final product and I am watching out to test new systems in development stage.

Actually some of the Accurate sytems trade minor pairs my portfolio is currently underserved such like the CAD or JPY based pairs. So with Accurates help I am able to diversify much more as 50% of my gains were based on EURUSD and 70% incl. EURCHF, 85% incl. Gold and rest comming from AUDUSD and GBPUSD and slightly losses on the other currency pairs. So for me it is time to break the dominance of the EURUSD pair.

It would be great if you could describe each system a little bit more, and escpecially describe what makes a good porfolio.

As in Forex there are a lot of newbies, I guess it would be great to describe terms like PF, Drawdown, Risk Reward in the user guide. Understanding the right balance of the different terms is the most important factor to build a solid and longterm profitable strategy.

I will stay as long as results are consistent from the different systems. As I signed up for the exclusive membership to use up to 5 trading systems I am wondering what would be the price point for the gold membership?

Time being my portfoilio consists of: Apollo, Achilles, Zeus, Cassiopeia and Golliath and around 40 other EA strategies.

My risk setting is conservative, I allow 1%-3% of equity per trade. Further based on my own judgement on support and resistance I sometimes close trades manually as most EAs dont care about psychologial price levels (fibo, pivots, highs/lows or simpy news).

Overall as per below the statistics from my personal account:

Profit Factor is around 2
Risk Reward Ratio +12
Wining Trade %: around 80%
monthly return around 50% over the course of the last 12 months
avg. trades/day: 30
Strategies applied: Gap, Scalping, Swing, Trendfollowing, Reversal, News, Trend, Peak, Correlation, Pattern (Gartley, Headfake, Harmonic, Candlestick etc.)

I am diversifying as much as posible and I guess thats the main reason being successful.

Most people will think that I am overtrading the account, but IMHO this is not the case. It is running day and night and hunting for pips. So far the equity line is consistently going up on a weekly base and I had only 2 losing days in a row with 4% of equity which recovered on the next 2 days and marked a new high.

It would be very easy to achieve 100% or 200% per month in average by increasing the risk per trade but this would rather be gambling than trading and risking to face a major drawdown or margin call.

NedimHad, Thank's for the suggestion.
I will add the information on our user guide about what is:PF, Drawdown, Risk Reward, etc.
Actually we will release a second manual:Create a portfolio using our signals.
This manual explains about this and add some suggestion how to build a long term profitable forex portfolio.

We tried to diversify our signals into several traders that using manual or automated. Day trading or Swing Trading.

We also diversified it into multi currency pairs.
This give our members a lot of choice to create a balance portfolio.

Offline richardking

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Re: Forex Accurate
« Reply #29 on: February 28, 2011, 01:46:32 PM »
Apollo making 7x20pips=140pips profit and Achilles making 6 pips profit today.

 

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