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Author Topic: BULL'S EYE TRADING SIGNALS  (Read 22120 times)

Offline bjanssen

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Re: BULL'S EYE TRADING SIGNALS
« Reply #15 on: April 12, 2011, 04:27:30 AM »
Bjanssen,

I can't be bothered to add up the figures, but I looked at the link you posted.
Seems to me that you have only added up the figures from page 1 of a 3 page list.

You're right!  Woops, thanks for clearing that up for me.  Apologies for my mistake.

BJ

Offline bullseyefx

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Re: BULL'S EYE TRADING SIGNALS
« Reply #16 on: April 12, 2011, 02:54:43 PM »
Respectfully, in reply to bjanssens thread #13, on one hand you include the link to the pdf March, 2010 performance results that includes "86" individual trades upon which the Total Pip calculation was reported by Bulls Eye Trading Signals.

However, in your calculation, in which you come up with the figure of 38 pips, is based on a selection of only "29" trades.

I suggest you review thoroughly each page of our pdf spreadsheet.

It is our intention to promote full transparency of our service and results. Should anyone see a disparity with any of our "public" representations and the truth, we would appreciate you bringing it to our attention.

Regards,

Mark
Bull Eye Traduing Signals

Offline jgadefelth

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Re: BULL'S EYE TRADING SIGNALS
« Reply #17 on: April 12, 2011, 09:23:43 PM »
Ok about your site i dont like the new look with just some videos and seign up, it is to little information to look serious.   I like when you have a verry detailed historical performance of all trades.    And i like to know about how i get the signals  is it a trade copier or sms or something else   also what type of trade it is swings scalps   and so on     also price for you service.


best regards

Offline badbactim

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Re: BULL'S EYE TRADING SIGNALS
« Reply #18 on: April 19, 2011, 07:05:37 AM »
Annoyingly the page on forex accurate web site has been taken down as Iam sure the same woman in your video was featured there as also having her life saved from using that service as well !
She gets around a bit.......... in a trading sense ;)

Other than that , looks impressive. Results and transparency are what count so we shall see

cheers


Offline sharpe7852

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Re: BULL'S EYE TRADING SIGNALS
« Reply #19 on: April 19, 2011, 05:04:24 PM »
I was in the process of signing up for this service when I saw you do not allow PayPal payments through your Plimus, which is the first time I have seen this.  Since you use recurring fees and I would only be able to pay via credit card through Plimus I decided to pass. Through PayPal at least I know I would have been able to stop the recurring payments with no problem, if needed.

Offline puntalara

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Re: BULL'S EYE TRADING SIGNALS
« Reply #20 on: April 21, 2011, 04:14:28 PM »
Great offer - see you after all these bloody bank holidays have finished.

Offline badbactim

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Re: BULL'S EYE TRADING SIGNALS
« Reply #21 on: April 21, 2011, 05:08:03 PM »
Great offer - see you after all these bloody bank holidays have finished.

Yep, Mr impatient here, been with them coulpe of days, totally forgot bank hols coming up, doh

Can verify the results on the performance page are smack on ;)

well for the last two days anyway, copier seems very good, and the signals not bad either, ( famous last words ) :-X

cheers

Offline redford

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Re: BULL'S EYE TRADING SIGNALS
« Reply #22 on: April 21, 2011, 09:23:46 PM »
Re suggestions, I would definitely emphasize the risks involved, especially since your winning percentage is relatively low (about 56%).  The risk of having 17 or more consecutive losing trades is estimated by myfxbook at about 7%, and this is not trivial, ie. it WILL happen at some point.Your prospective customers should be made very aware of this.  It serves three purposes - to CYA,  to weed out those traders who haven't got the staying power, and to hopefully end up with a customer base that won't give you grief when the inevitable loss streak occurs.

Offline Gumrai

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Re: BULL'S EYE TRADING SIGNALS
« Reply #23 on: April 21, 2011, 09:36:41 PM »
Re suggestions, I would definitely emphasize the risks involved, especially since your winning percentage is relatively low (about 56%).  The risk of having 17 or more consecutive losing trades is estimated by myfxbook at about 7%, and this is not trivial, ie. it WILL happen at some point.Your prospective customers should be made very aware of this.  It serves three purposes - to CYA,  to weed out those traders who haven't got the staying power, and to hopefully end up with a customer base that won't give you grief when the inevitable loss streak occurs.

If achieving over 50% win rate, the risk of 17 consecutive losers would be much lower than 7%. That can't be right

Offline redford

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Re: BULL'S EYE TRADING SIGNALS
« Reply #24 on: April 22, 2011, 04:07:20 AM »
You're right Gumrai, I misread the risk of ruin stat, which states that a minimum 10% drawdown has about a 7% chance of happening and could happen with 17 losses in a row.  Rather than 17 losses in a row, which would be very rare given a 50%+ win rate, it's better to think in terms of losing a high percentage of trades in a short series of trades, for example losing 10 out of 13 (which has happened twice in the historical record), or 20 out of 25, etc.  These kind of runs are not uncommon in coin flipping (50/50 chance) and can result in a big account drawdown.  A trader using the Bull's Eye signals (or any system that has a 50-60% winning percentage) needs to be very aware of the chance of having some bad runs.

Offline 808

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Re: BULL'S EYE TRADING SIGNALS
« Reply #25 on: April 22, 2011, 05:23:59 AM »
I agree redford the key is good money management. They recommend a conservative lot setting. I believe a 56% win rate is ok as long as the risk reward is good.

Offline Pipaholic

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Re: BULL'S EYE TRADING SIGNALS
« Reply #26 on: April 22, 2011, 08:58:57 PM »
So if I calculate this right it would take at least a $2000 account to break even after the fees charged.
And to really take advantage of it would require at least a $10,000 account.
so this would not work for anyone with a smaller account.
also is www.myfxbook.com/members/Pincer/bulls-eye-trading-signals/56104
A live account or a demo account?

Offline kerind

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Re: BULL'S EYE TRADING SIGNALS
« Reply #27 on: April 30, 2011, 02:24:27 AM »
Hi Peter

I would like to know what your position sizing system that is being used on the FXbook account? I can't figure if you are using  percentage, with some discretionary exits, or fixed lots on some pairs.

Does your trade copier give the option for percentage of account position sizing and fixed lots?

Offline puntalara

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Re: BULL'S EYE TRADING SIGNALS
« Reply #28 on: May 02, 2011, 10:00:42 PM »
A very nasty run of losers has made my mind up on this.

I hope they can now turn it around soon, for you guys who have just signed up.

Also they are now not showing the open trades anymore.

Offline jgadefelth

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Re: BULL'S EYE TRADING SIGNALS
« Reply #29 on: May 05, 2011, 05:19:18 AM »
I find it strange  that the result differ on the  2 pages.    On the first page at the verry bottom  january 2011 has  + 5.19 %  and february  6.36 %

On the second site it is 10.2% for january and  6.05 for february   can someone please exaplin this ?


http://bullseyefx.com/home/

http://www.bullseyeforexsignals.com/signalsperformance.php



best regards

 

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