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The next step after reaching broker lot size limit

  • #41
  • Nov 23, 2017 8:09am Nov 23, 2017 8:09am
Quoting BigOldFella
Sorry, I can't say..
Why not, will the Mafia cut off your thumbs ?

C'mon, spill the beans... "You know you want to ..."
  • #42
  • Nov 23, 2017 8:20am Nov 23, 2017 8:20am
Quoting Hugo55
{quote} Wow, Just when you think that you have heard it all...
Without knowing the intonation it's difficult to know if you're impressed or a doubter...my guess is a doubter.
  • #43
  • Nov 23, 2017 8:41am Nov 23, 2017 8:41am
Quoting dkrock
{quote} You still don't understand. You didn't do any research on the topic, but instead wrote me comments that make no sense, lol. Oh well. Since you are not that interested in knowing how to compound yourself, there is no reason for me to explain it. Good Luck.
yes i know your problem, at beginning many think your plan, its basic bad plan.
and its not compounding, its selling simple signals for a fee! you can hide it in different words, but its nothing then signal service because you dont have enough money or your trades are not good enough and you did not trade stable enough for years. nothing more, you can write different and write with textes from scam systems this simple fact, but makes this you better?

its not possible in trading to do this a long time, you come 100% from multilevel marketing scam.
but however, your problem, you live with it.

teaching you basics of trading and why it cant work a long time is useless until you learn at least some basics so you can understand.

you even did not understand my topics before, what was very basic level, but at least i understand know what you speak about, but this is such low level, sorry i cant take it really serious. sound more like trying selling signal and dont have the risk any more, and mention some advantages that are no real advantages, when trading would be good,. only for small win people maybe it will be interesting, but even then it comes to problems. i know, because you are at starting and look like have only very small accounts you cant see it maybe, but in some years remember me , read again what you wrote, and you will see easy how rong you was.

you are not the first with this problem in understanding a market and difference compounding and signal service :-).
  • #44
  • Nov 23, 2017 9:01am Nov 23, 2017 9:01am
Quoting dukas_trader
{quote} yes i know your problem, at beginning many think your plan, its basic bad plan. and its not compounding, its selling simple signals for a fee! .
I appreciate your concern but the "bad plan" has bought me 8 houses so far.
  • #45
  • Edited 9:40am Nov 23, 2017 9:23am | Edited 9:40am
Quoting dkrock
{quote} I don't have a problem, so why are you inventing one? I am not sure why you want to insult me with your assumptions, or where you even came up with the idea?? It is because you don't understand. If you knew how to trade and owned your own trading business and taught people to trade as well as you, then you have effectively compounded your income. I am not sure how else to explain it more simply. I never said I was a signal service, never have been a signal service, never plan to be a signal service, so I have no idea why you keep telling...
ok , i need to teach you some basics or its useless discussion:

- when you have compounding is when you produce win from your wins, thats not in your case
- when you have a team, the team has the win, or do you speak about employees?
- you can simple trade all from one account and have same, and much less costs with commission
-...... there are so many points, i really dont know where to start why this is so wrong.

you looks like you are at the beginning with small accounts, maybe thatswhy you have this problem,or you fake here bigger accounts then you have, thats why you have this extrem problem with basic experience and knowledge and cant understand some topics.
its difficult to tell you basic, really. you really have complete different understanding, what normally only beginenr and small account traders have, but why use team with small account. whatever. i cant see any point why your modell is better against all in one good broker acocunt, i only see disadvantages. at least when you are good trader and dont earn from rebates from other because you did bring them to the broker, then of ocurse you win more so, but only because other "loss" this money. however. i have seen trading teams by 10 people with accounts of some millins and different trading products/classes, so any was different trader, but all trade same is no group, its simple signal copied and less win then all in one account because of higher costs.

but do what you do, when you win all is fine and what i say is not important , even when its a more easy, cheaper way with more win.

and i dont analyse you, i simple see what you write and see that there are some deeper problem with understanding how market works and some basics. you dont need it maybe, when you have wins from you team because of whatever wins, reabat, whatever, all fine. but has nothing to do with compounding. they trade your moeny, then its simple your employee and you earn same like you do trades simple by your own, when they trade their money, then you have nothing from it, if you dont get fees by rebate because oyu vring them to the broker or performmace fee or signal cost or whatever.
  • #46
  • Nov 23, 2017 9:31am Nov 23, 2017 9:31am
Quoting BigOldFella
{quote} I appreciate your concern but the "bad plan" has bought me 8 houses so far.
then is ok, never heard about only one good signal service, but maybe they exists because not very public.
  • #47
  • Nov 23, 2017 9:49am Nov 23, 2017 9:49am
Quoting dkrock
{quote} Did you attend business school, or you just making this up? I mean, did you learn this model from someone? Do you think it is the only business structure? I really do not want to write my business plan on a public forum, but you are too narrow minded in your thinking. First, I own a winning template, so anyone that uses it also wins. Since you are trained in socialism, you have your own interpretation of "team", which is not the same as mine. When I refer to team, it is the sum total of individuals. I have no employees. I make so many pips...
oh baby.
now you even sound faked a little bit.

you are simple signal service by fetting rebate , signal service vcoste or peformamce fee because you trading is not good enoughj, you sound more a cheater then trader and all your textes sound more like hiden marketing like knowledge from a trader (and thatswhy you always sound like dont know basics of trading and have problems with understanding simple market facts):

lets say you something:

- you say "I make so many pips that I do not care about spreads and commissions", but you dont have millions accounts after some years??? why ? all people care after some time with big wins for spread and commission, because they have extrem trading amount to put in, oyu not, so you fake your wins more then gaving it. you still have small accounts. not very trustfull. so dont show me any of your signals, its not worth for me when oyu not even did win for some years with it very big, but same time tell people you did.
- you sound more like simple try to cheat big wins , so you get people to your group and earn money from the people, typicall seller of signals and no trader
- i programmed even 2 copy trader software :-), but this useless small trading is for beginners like you, i did this in my first years. if you grow you see that copying is so useless against do it correct and earn so much more
- all what you write sound like you are beginner in trading and at starting and try more to get money from other people, because your trading dont work very good
- i really see no chance, that you will have the chnace to understand trading problems with your very low level experience you show here, its like a trader talk to a man who wants sell signals because cant trade, i really feel like i have to teach you each basic and each thing, because you write so many wrong things, but i dont like to correct all of this. maybe i am wrong , but you really sound extrem unexperienced , difficult to judge you because of this small textes, but really, you need to learn more about the basics , or you know your mistakes but want sell your signal tools and cant say differnet because then your signals look stupid. whatever. there are many of your kind in forums, who try more to sell something then trade, but nmoone ever was so crazy to tell people :"I make so many pips that I do not care about spreads and commissions." ,because exactly this is what you do after you get very sucessfull. sound many things not correct what you tell here.
  • #48
  • Nov 23, 2017 10:10am Nov 23, 2017 10:10am
Damm

I just got the popcorn out.
  • #49
  • Nov 23, 2017 10:51am Nov 23, 2017 10:51am
Quoting dukas_trader
{quote} oh baby. now you even sound faked a little bit. you are simple signal service by fetting rebate , signal service vcoste or peformamce fee because you trading is not good enoughj, you sound more a cheater then trader and all your textes sound more like hiden marketing like knowledge from a trader (and thatswhy you always sound like dont know basics of trading and have problems with understanding simple market facts): lets say you something: - you say "I make so many pips that I do not care about spreads and commissions", but you dont have...
dukas makes many good points or at least he makes you think. But I don't agree that signal providing is for "scammers only". I was pllanning to do it years ago even if I had $50k on my bank account I would never invest more than 5k in trading unless it's profit money, due to the fact that my funds aren't safe with the broker.
  • #50
  • Nov 23, 2017 11:07am Nov 23, 2017 11:07am
Quoting dkrock
{quote} Doesn't matter really. It is a mute point. He was trying to call me a signal service hack, lol. I have no idea how he came to that conclusion. I could just as easily say he is a female Martian ant. It is just as true. I was trying to provide an alternative to the OP which is to diversify across multiple accounts, because like you say, you cannot trust brokers. He got all bent out of shape because he has a hedge fund mentality and doesn't understand diversifying. Somehow that turned into me being a signal provider, lol. Anyway, I still would...
Yeah everybody is a hedge fund on FF.

If you don't have a super large account you're a newbie or a scammer.
  • #51
  • Edited 11:23am Nov 23, 2017 11:11am | Edited 11:23am
Quoting dkrock
{quote} I have no idea what you are talking about. I think you have me confused with someone else. Go bully that person. Doesn't work on me. If you want to talk to me, learn to read English because I am tired of telling you I do not have a signal service, do not sell a signal service, and have no intention of ever selling one. I have a trusted group of friends I worked with years ago when we were developing my trading system. Since we worked so closely, I offered them a fair stake in the end product. You cannot buy my product. You will never see...
with all respect, all what you say is against your sentence "I make so many pips that I do not care about spreads and commissions.".

spread and commision is what will have extrem value, of course slippage too. with increasing lot size more and more and with many pips won you increase lotsize more and more. if you dont care, its only because you are extrem small, but you speak here like you are big, thats a crazy thing. you cant speak so and write like you are other. thats what i mentioned, you need to be at least honest so its possible to take you serious.

what ever, end of this topic, its your trading group/team... and finshed, i wish you good trading.
  • #52
  • Nov 23, 2017 11:12am Nov 23, 2017 11:12am
Quoting dkrock
{quote} Doesn't matter really. It is a mute point. He was trying to call me a signal service hack, lol. I have no idea how he came to that conclusion. I could just as easily say he is a female Martian ant. It is just as true. I was trying to provide an alternative to the OP which is to diversify across multiple accounts, because like you say, you cannot trust brokers. He got all bent out of shape because he has a hedge fund mentality and doesn't understand diversifying. Somehow that turned into me being a signal provider, lol. Anyway, I still would...
signal providing i did not say its only for scammers, its for beginners who will learn with time better ways.
its to slow, to big mistakes possible, to expensive against all in one account, to much work for controling,... near only disadvantages.
  • #53
  • Nov 23, 2017 11:15am Nov 23, 2017 11:15am
Quoting dkrock
{quote} Doesn't matter really. It is a mute point. He was trying to call me a signal service hack, lol. I have no idea how he came to that conclusion. I could just as easily say he is a female Martian ant. It is just as true. I was trying to provide an alternative to the OP which is to diversify across multiple accounts, because like you say, you cannot trust brokers. He got all bent out of shape because he has a hedge fund mentality and doesn't understand diversifying. Somehow that turned into me being a signal provider, lol. Anyway, I still would...
when i say i didnt like it??
i did even used this in my learning and beginning time too, its a funny easy solutions with many problems and expensive against doing it correct, but most people start with this version.

you really need to learn reading correct, often your answers are complete wrong to what i write.
  • #54
  • Nov 23, 2017 11:18am Nov 23, 2017 11:18am
Quoting dukas_trader
{quote} signal providing i did not say its only for scammers, its for beginners who will learn with time better ways. its to slow, to big mistakes possible, to expensive against all in one account, to much work for controling,... near only disadvantages.
Either you manage accounts which is illegal almost everywere or you sell systems, maybe providing signals is better because you get paid regularly if you make money.....

p.s. I don't plan to provide signals anymore, otherwise I would post in the commercial area.
  • #55
  • Edited 1:09pm Nov 23, 2017 11:19am | Edited 1:09pm
Quoting dkrock
{quote} 50+ pips a day net profit is 50+ pips a day net profit no matter what the lot size or spread.
no, never ever calculate in pips for statistics.. noone calculates in pips, only in won money. pips is for your first 2 trading month until you learn the basics of statistic and trading, then noone would tell people about pips won each day, week, month.

or do you trade only 1 currency, always same lotsize, dont have commission, never have rollover fees...?
if this is always true, then you can calculate in pips and have in win, if not maybe you have a win, maybe even a big loss, noone knows by adding won/loss pips, thatswhy all count in money if they dont want tell people wrong or useless informations.
i told you, you need to learn basics first, it will help you a lot, oyu can see it in most of your posts. its not to late, and it will improve your trading, whatever you are now in win or loss, who knows.

and after you learn basics and dont write so often mistakes, its much more easy to take you serious. it will also help inside your trading group, maybe you can ask some of your group or when you are even the most experienced (i hope not) then you can help the others ,that they dont do your mistakes too.
but looks like ignoring that you have big problems with trading and basic knowledge do you like much more.
  • #56
  • Nov 23, 2017 10:44pm Nov 23, 2017 10:44pm
Quoting BigOldFella
After successfully turning a small sum of money into a substantial amount I've hit the lot size limit for IC Markets. To keep on increasing my equity I need to be able to trade >1000 lots. Where do I go from here?

Why not just open multiple account with IC and just use a trade copier.
Or open multiple accounts with different regulated brokers and again use trade copiers?

Here is a list of pretty much all legit brokers, just sort by deposit amount.

https://www.100forexbrokers.com/mt4forexbrokers

Just a question Im trying ask and be very polite, if you have made as much money as you said you have, how the heck have you not figured this out yourself?
Learn, a forex trader must, unlearn and relearn he will.
  • #57
  • Nov 24, 2017 3:01am Nov 24, 2017 3:01am
Quoting COGSx86
{quote} Just a question Im trying ask and be very polite, if you have made as much money as you said you have, how the heck have you not figured this out yourself?
Basically because I didn't have to.

Everything has been ticking along quite nicely for the last couple of years and I've not needed to do anything. I've not touched the program in about 8 months other than recently when I had to limit the lot size to stop the trades being rejected.

As I think I mentioned earlier, I don't know a lot about trading - again because I didn't have to.

I originally started spread betting horse racing using the betting exchanges. But again, for this, I paid for a service that does all the hard work for you (ProForm Racing if anyone is interested).

Then we wrote a piece of software the looked for differences in the odds of SMarkets and Betfair (of which there are loads). I think in forex trading it's called arbitrage. This was OK for a while but every now and again we'd be able to place one side of the bet but not the other. And, as your betting/laying against other punters, the liquidity is tiny compared to forex.

A friend of a friend suggested forex we started spread betting currencies. Didn't have much success until we went down the signal route.

We tried a few signal services, some seem to work and some don't. Some publish their results and we wrote some screen scraping software that allowed us to download and analyse their trades.

For example, ArbTraderSignals,com's intraday service, publish all of their results. The signals have a 20 pip SL and 20 pip TP. And (remember this is published on their website) they only win about 48% of the trades. And yet they charge $49/month.
  • #58
  • Nov 24, 2017 3:39am Nov 24, 2017 3:39am
Hello BigOldFella,

Been watching this thread with interest. Regarding the following:

Quoting BigOldFella
Some publish their results and we wrote some screen scraping software that allowed us to download and analyse their trades.
can I ask, If certain of these trades presented what seemed like a trading "edge", were you able (or do you think it's possible) to emulate it with an algo?
  • #59
  • Nov 24, 2017 3:51am Nov 24, 2017 3:51am
Quoting BigOldFella
{quote} Basically because I didn't have to. Everything has been ticking along quite nicely for the last couple of years and I've not needed to do anything. I've not touched the program in about 8 months other than recently when I had to limit the lot size to stop the trades being rejected. As I think I mentioned earlier, I don't know a lot about trading - again because I didn't have to. I originally started spread betting horse racing using the betting exchanges. But again, for this, I paid for a service that does all the hard work for you (ProForm...
Wow, so signal providers have been so fantastic to you that you have exceeded 100 lot size on the copied signals and bought 8 houses to date out of the profits, when do we get to know these excellent SIGNAL PROVIDERS?
Let it turn and find your entry.
  • #60
  • Nov 24, 2017 4:01am Nov 24, 2017 4:01am
You know what, BOF ?

If your story is true, I have some really good advice : get away from here a fast as you can; forget about trading more than 100 lots, but steadily reduce your percent at risk per trade (get it below 0.5% per trade). Keep doing what you're doing. If you need more thrills, do it on the horses or buy a track day sports car (& use it on the track).

Simple as that.

Over & out.

JH .
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